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If a loan is required, the first course is the way to the house bank. They have been customers there for a long time and the bank knows the economic situation. But if something has changed in Credit Bureau since the last borrowing, no loan is granted. Before every loan, the bank carries out a Credit Bureau query.

If negative characteristics are noted in it, the credit risk is too high for the banks, the credit does not come about. The credit brokers have embraced this fact that unpopular bank customers do not receive credit under these conditions. They advertise the instant credit without Credit Bureau and serious, but sometimes with too much hot air. In other words, some promises are made that ignore reality.

In this way, an unemployed person with no income and with poor Credit Bureau and possibly still with ongoing bankruptcy proceedings can get a loan. Of course, this cannot be realized. Even if the customer finds a lender who does not ask Credit Bureau, the creditworthiness is still checked. An instant loan without Credit Bureau and serious is feasible.

The instant loan without Credit Bureau and serious

The data that Credit Bureau stores are necessary for credit decisions. Banks use this data to check the creditworthiness of their customers. Negative features such as unpaid bills or a canceled loan are rejection criteria for a loan. If you still need credit, you can apply for an instant loan without Credit Bureau and serious. The instant loan is equivalent to an installment loan that has small monthly installments. However, the term instant loan is not to be used in this way.

It takes two to four working days for an instant credit application to be made online until the money is in the account. In order to receive the instant loan, an online loan application must be used, which is transmitted online directly to the selected credit intermediary. Based on the data entered, this credit broker will immediately check the request and send the customer a loan offer that is not yet binding. Only then is the credit contract sent to the customer, who must sign it and send it to the lender with the necessary credit documents. The PostID procedure is carried out at a post office to determine the customer's identity.

The foreign loan

Not every customer is predestined for a foreign loan. The Credit Bureau-free loans come mainly from Switzerland or Liechtenstein and are the business of credit brokers. Before you put your trust in a financial service provider, their business practices should be checked. You can carry out a credit comparison that shows the conditions and requirements for an instant loan without Credit Bureau and serious. If advance fees are listed in these conditions or if insurance contracts are made dependent on a loan commitment, then you should look for another intermediary. A reputable credit broker will only calculate his commission and expenses after the loan approval.

The conditions of the Credit Bureau-free loan include a regularly incoming and sufficiently high income that results from a self-employed activity. The income must be above the garnishment limit. There must also be an open-ended employment contract that has existed for at least one year. If you have no income or only show irregular income, you cannot take advantage of an instant loan without Credit Bureau and serious.

Poor liquidity can be improved with a Credit Bureau-free loan. The terms of these loans are significantly better than, for example, the overdraft facility at the house bank. Under certain circumstances, you can submit the loan application to a credit bank yourself. Since 2010, this has been Sigma Kredit AG from Liechtenstein, which grants these loans. Current conditions and interest rates can be found on this bank's homepage. The procedure is the same as with a credit broker, only the commission is eliminated. But if there is an unfavorable situation, long-term financial service providers can make a comparison at domestic and foreign banks and find the right loan for their customers.

The outlook

Those who opt for a foreign loan should be able to pay the installments in the long term without there being any payment problems. Since the approval of this form of credit is only subject to income, a garnishment of wages must be signed.

Foreign banks offer their customers not to pay off the loan in full. At the end of the term, the remaining amount can be paid in one amount or redeemed with a loan. Appropriate financing and debt rescheduling plans are worked out so that the customer can carry out his financial activities in the long term. For an instant loan without Credit Bureau and serious, a foreign loan can be the last option if you choose the credit broker carefully and pay attention to the conditions.

Pledging a loan means guaranteeing the return of the money that has been slow to us, leaving a good as a pledge.

Normally, when you apply for a loan, you offer your personal guarantee to respond for your return, that is, you respond with all your assets, present or future. In some cases, the bank or the lender may request an additional guarantee to grant you the money: the pledge of a good. It is about leaving in the hands of the creditor, as a guarantee that you will fulfill your obligation, one or more physical or financial assets: a vehicle, a bank deposit, shares, whose value equals the loan granted. You can do it, as the holder of the loan, or a third party, who instead of acting as guarantor, pledges a property of his property, thus limiting his risk.

 

Pledge a loan or apply for a home equity loan?

Pledge a loan instead of resorting to a home equity loan (where the payment is guaranteed for the value of the property) is cheaper to contract, since you do not have to pay taxes such as Documented Legal Acts or expenses such as appraisal, management and registration in the Registry. In a loan with pledge you would only have to go to the notary to document the operation in a public deed.

Also, by presenting a pledged asset as an additional guarantee of payment, you may have access to more capital or a more competitive interest rate.

 

Differences with the mortgage

Unlike a mortgage, in which you can continue to use the mortgaged real estate while you are paying it, when you pledge a loan, the pledged property passes to the creditor, and you cannot use it during the life of the loan. Of course, if it is a financial asset, such as shares or an investment fund, it can continue to generate profitability.

 

What happens if you take out a loan and stop paying it?

In case you stop paying the pledged loan installments, the bank can execute your right to keep the pledged asset and recover your money. If it is a physical asset, I would take it out for public auction, while if it is a financial asset, you can run it to recover the borrowed capital (for example, if they are shares, you will sell them, and if they are shares of a fund, you will liquidate them).

Find out here about the characteristics and requirements!

Banks grant loans to different customer groups, including officials. This group of people enjoys a special status with banks because they offer many advantages. So it is usually not difficult to get a loan for civil servants. Officials can choose the bank themselves where they want to apply and can save a lot of money. In order to apply for an installment loan for civil servants, no other loans are allowed to run. If this is the case, the old loan must first be repaid, such as with the new loan.

Why is it so easy for civil servants to lend?

Officials have a very safe job and are only exceptionally affected by unemployment. So they have a secure income, which is usually quite high. These advantages are often sufficient to apply for an installment loan for civil servants from a bank. Banks always want to be sure that they will get the borrowed money back: Since the income is secured, this security is given and banks welcome the group of officials as customers. This means that borrowers with official status can choose the bank themselves and are spoiled for choice.

What is special about a loan for civil servants?

An installment loan for civil servants cannot be compared to other loans that a normal worker receives, for example. The loan amount can be much higher because there is collateral that an employee cannot offer. It is not uncommon for the loan amount to be 100,000 USD. The installment payments are very low because the term can be up to 20 years.

In this way, a civil servant can easily have a house financed without having to make huge monthly losses. In addition, the official receives life insurance from an installment loan for civil servants. The insurance bills must be paid by the borrower, not the installments of the loan. The loan installments are repaid with the insurance contributions.

Comparisons are also worthwhile for civil servants

Since civil servants are very popular with banks, there are numerous offers for an installment loan for civil servants. Everyone wants to win the customer over so there are attractive offers. For example, an official should compare offers with a loan. In this way, interest can often be saved and good conditions agreed. An application should only be made once a comparison has filtered out the best offer. There won't be any disadvantages, but interest rates can vary widely. Those who are not careful may pay too much.

Through a credit, a person makes a certain amount of money available to him during a predetermined period. You pay this amount through monthly fees each month or for a specific date.

 

When do we talk about credit?

A credit is a certain sum of money made available by a person, a company or a bank for a specific date. This sum is then paid for dues or for a specific date. In the private sector, credit is used to finance goods and services. In the industrial sector, it serves to finance investments.

 

Preconditions

To get a credit, you must be of legal age and a salary. You must also have sufficient solvency, also called "honorability". This solvency is calculated by the amount of the salary after deducting certain costs and other credit obligations. The data from the credit information center are also necessary for the analysis of solvency. This information will enable us to demonstrate whether, and by what amount, other credits exist and whether they are paid correctly.

 

Types of credit

There are several types of credit, which differ mainly by their function. It is important to distinguish:

• Consumer credit: also called private loan, used to finance the purchase of private goods and services, such as furniture or vehicles. For these types of credits, it is not necessary to communicate the reason for the request. The repayment of the credit is usually made for monthly monthly purposes.
• Hypotecanary credit: loan for specific purposes, which can be used for the construction or purchase of a house, the rental of a property, etc. ... but also for renovation purposes. The use of money must be justified (invoices, purchases, ..).

 

Why take a credit?

When you take out a loan, you also make a medium or long term financial commitment. Make sure that your home budget does not change during the credit. In certain situations, it is judicious to apply for credit installments, especially if you anticipate an important purchase that you cannot finance on your own.

The least expensive solution is to have your neighbors or friends lend you. However, it is not recommended to make a credit of confirmation in the following two cases:

If you know that your budget will deteriorate during the credit period, for example having a child or going to retirement.

It is possible that, when requesting a personal loan or a mortgage, you have found yourself being forced to take out life insurance. Well, this condition can never be mandatory. However, sometimes it is one of the requirements of some entities to grant you the requested funding. Next, let's see if you can unsubscribe that insurance and how.

There are insurance comparators that find policies more appropriate to your risk profile or your needs. But what can you do if you have already taken out insurance? Can you cancel a policy? Is it legal to cancel life insurance?

Right of withdrawal in life insurance

If you have decided to change your insurance, the first thing you should do is cancel the policy you have contracted . You can cancel it without the need to carry risks or consequences by filling out this letter of low cancellation type of insurance, so you know how to proceed.

You must be aware of the renewal date. The insurer has the obligation to notify you at least two months before the date of renewal of the insurance, as well as the price of the following policy. If you do not notify the insurance cancellation, Law 50/1980 says that it can be renewed automatically. If your insurance doesn't let you know, don't worry, because in The Good Finance we do . We will inform you through the app and mail.

If you do not want to renew the policy, according to article 22 of the Law you must notify the insurer 30 days before the expiration date. The method of notice will depend on what was agreed with the insurer. Of course, the consequences depend on each insurer. There are cases in which it is only possible to cancel it if you no longer have the insured good in possession. Therefore, it is important that you have all the information to know what you are exposed to.

Reasons why I can cancel the insurance

If you are thinking of canceling your insurance, there are four reasons why you can proceed without waiting for the contract to expire.

Cancellation by modification of the price or coverage. If your insurer decides to change the conditions of the contract and you do not agree with them, you do not have to notify a month before. It is mandatory that they inform you of the changes made and it will be you who decides if you want to continue with the insurance or not, even if there is less than one month left for the renewal. You have 15 days , since you receive the proposal, to accept or reject it. If you do not answer, they will understand your silence as an acceptance of the modifications.

Cancellation due to risk reduction. The price you pay is established according to the risk assumed by the entity. At lower risk, lower price. If the risk has been reduced, you have notified your insurer and still have not lowered the premium, you have the right to cancel it before the expiration date.

Cancellation by hiring online. If you have purchased insurance online, you have 14 days to regret it. They cannot ask you for explanations or penalize you for it.

Cancellation of life insurance. Life insurance has its own regulations. According to the Insurance Contract Law, in its article 83, if you have contracted individual life insurance and for a period of more than 6 months, you can cancel it within the next 30 days of contracting.

Home insurance with mortgage loan

Another of the most common contracted insurance that they usually force to contract when signing a mortgage is home insurance. It is only mandatory to take out home insurance when you sign a mortgage if it is securitized. In this case, the regulations indicate that the acquisition of a damage contract for that house is necessary. Otherwise, if the mortgage is not securitized, you have no legal obligation to contract home insurance with its specific conditions.

The hiring of insurance must be a totally free action . The idea is that these products provide peace of mind. The insurer will respond to a certain situation. Therefore, the hiring of insurance must be a thoughtful, free decision and should never be negotiated individually.

The Good Finance also helps you save on your policies. You have all your insurances at hand, well detailed and notifies you before expiration so you can stop losing money when you renew them. Also, if you want to know how to cancel your insurance through your The Good Finance application, you can learn how to do it here.

Do you have any advice, curiosity or question that we have not commented on? What are you waiting for! You can help many users who read your comment on our blog ?

Are you thinking of creating your own business? Congratulations! We know that it is not easy to make this decision, but it definitely brings you many advantages. Especially because it will be a unique personal and professional experience.

Do not forget that when you start your first business it will demand a lot of your time in the first months and during the following months you will have to work twice what you worked when you were employed. But that is the challenge! You will work for what you are passionate about getting up every day to create a better future.

Who doesn't want to be their own boss?

It is everyone's dream, for that reason, we want you to choose a business based on your passions, hobbies and talents. You must find something that you really love and can turn it into your business, when you already know what you want to do, then you will be ready to go after your dreams.

On this occasion, we want to guide you so you know how you can get a loan to start your business. Giving you some tips so you can get and fulfill your dreams. So keep reading.

Tips to get a loan

Surely you left your previous job for several factors, it may be the most hours you worked, depending on a salary, or it just wasn't the job you were passionate about.

Analyze the money you need

It is important that you make a list of all the expenses you will get and also consider how you will make the monthly payments.

Type of financing

When you know the amount you need, go to the trusted financial institution so they can provide you with the necessary advice, this in order to provide you with a credit that suits what you need, considering the interest rate that will be providing

Create your business plan

It is important that you explain what your business will be and what it is about. Analyzing the costs, benefits and the exact amount you need to start your project.

Request a credit

If you have developed an excellent business plan, do not worry. They will definitely be able to help you in the financing you need, but it is important that you already have part of the capital that you need, so that you can have a backup so that there is no problem.

We are very happy that you want to start this new dream, we know that the first steps are not easy but with effort and dedication we know that you can achieve everything you set your mind to. Being a passionate entrepreneur is something that defines all Guatemalans. You are looking for a better future for you and your family.

Using a credit card is a great way to make payments for various needs. With a credit card, someone can make payments easier (airplanes and online shopping), get reward points and big discounts. Then, what if the credit card limit is still mini, even less for monthly needs? Like it or not, you have to increase your credit card limit.

What can be done to increase credit card limits? Look carefully - 10 tips that can be applied the following.

 

Consider Time to Increase Limit

In general, the increase in time limit that can be received by the bank is one year. The bank will certainly see your loyalty as a customer. If you are diligent in using a credit card and orderly in making payments (on time and on the right amount), the bank will consider increasing credit card limits. What's more, if you have enough savings and deposits in the bank.

Therefore, customers need to continue to use the credit card to see whether it will rise or not after 1 year. Some banks have different policies, such as minimum spending in one year, administrative fees, bonuses or shopping discounts at merchants who have collaborated and so on.

 

Choose a Big Bank that Has a Credit Card Main Business

Choosing a large bank and having a clear structure is a very powerful tip to ensure optimal credit card accommodation. Indications that can explain the size of a bank are branch offices, ATM machines that are spread out, the number of customers, and operational areas on an international scale.

 

Use Optimal Credit Card Limit

The maximum credit card limit used will help customers to increase the limit. This is due to the profits obtained by the bank if the customer uses the maximum amount of the limt. Therefore, using a credit card with a minimum of more than 60% of the limit each month will give customers more opportunities to be able to increase the limit value. This is very logical because if the customer does not spend the credit card limit every month, then the increase in limit is considered not necessary.

Make sure you use a credit card in the right way, for example to get a discount when shopping monthly, making it easier to pay for electricity, telephone, internet, newspapers with auto debit.

 

Make Request Increase Limit by Phone

Request for limit increase can be made by telephone. If a customer makes the request, the bank will assess the seriousness of the customer's needs. Therefore, something like this can be used as an additional reference for the bank.

 

Pay Full Payment or Minimum Payment Bill

Full payment payment will explain the customer's ability to cover credit card needs. Even some large banks will automatically increase the credit card limit if customers make a full payment regularly and orderly.

 

Avoid Late Payments

Late payments will cause the bank to doubt the ability of a customer to make a payment. Therefore, if the customer wants the bank to increase credit card limit sustainably (continue), it is appropriate to avoid any form of negligence, including the late payment.

 

Using Alternative Other Credit Cards

Using a type of credit card will certainly be the same as increasing the limit. Therefore, by applying a new credit card with a previous credit card capital, it will keep the needs met with an increased limit value. If the first bank gives a limit in a nominal money, then the next bank tends to give a higher limit as a certain form of competition. Therefore, this method needs to be done as one of the steps that can be taken.

 

Make Shopping Routine

Shop regularly. Thus, the flow of purchases with credit cards that will be recorded can be done optimally. If the customer is active in a flow of purchases, this condition can be a reinforcement if the customer wants to increase the credit card limit value.

 

Request Increase Limit Through Sales

Of course credit card sales also need certain targets. Thus, proposing a limit increase through sales will benefit all parties, both customers and sales.

 

Make Request Increase Limit via Email

In general, e-mail will be longer than the telephone. However, email can be attached with some supporting evidence regarding payments and purchases made by customers. Therefore, the document will be one of the bank's considerations to increase the customer's limit value.

 

If the Bank Has Raised Your Credit Card Limit, then the Sign:

Congratulations if, your credit card limit has been raised by the bank. That's a sign that the bank gives more trust to you. Do not let you waste or disappoint bank trust. The track record of credit card payments, in a way, will help you in your next credit application.

They are very fond of the KATA form of taxation, but it is not as easy to borrow with it as with an employee. Banks have very different views on how much they rely on the creditworthiness of sole proprietors.

 

It is considered to be less secure revenue

For borrowing, small businesses paying a monthly fee of $ 50,000 will need to be presented with a certificate from the NAV rather than an income certificate from their employer. The problem is that this certificate only accounts for up to 60 percent of the invoiced revenue. It is worth exploring the possibilities.

This income, on which NAV issues paper, is decisive in determining the amount the credit institution considers to be a loan amount. The bank's decision is based on maximizing the repayment installment based on our monthly legal and ongoing earnings. And the repayment amount will be even stricter for home loans than last year .

So, if someone shows a net income of 400,000 forints as an employee, he or she can claim much more than someone who bills for $ 400,000 as an entrepreneur - no matter how much revenue he or she shows up.

 

One bank that way, the other bank so

There are three ways in which financial institutions handle this NAV-verifiable income, which is 60 percent (or almost half) of the account value.

1. The (annual) amount in the NAV income statement is divided by 12 and is treated as net income.
2. The amount in the NAV certificate is still deducted from the tax return KATA tax (HUF 25, 50 or 75 thousand per month) and then divided by 12.
3. After deducting the KATA tax, the amount is reduced according to a formula determined by the bank.

Of course, the best thing to do for a loan applicant is how much you can get if you go to a company that doesn't charge tax or additional formulas. Therefore, it is advisable to carefully examine the offers of financial institutions and, if necessary, not apply for a loan from our account-keeping bank.

Among consumer loans, one of the most popular is free investment. But what makes it so special and why should we consider it above another credit or card when seeking financing? There are three reasons that explain it.

 

They don't have many requirements

You will not need to submit many documents when applying for these types of credits. Basically, it is necessary to have a certain credit history and demonstrate that you can pay the fees, that is, that you have a source of income. Something interesting and that makes them even easier is that depending on the amount you request, a co-debtor is not necessary.

 

Offer fixed fees and large terms

You can finance it in up to 60 installments, depending on the amount you are requesting. The financial institution will check its borrowing capacity, that is, how much money it could pay, and that will determine the amount of installments and the term. By having a fixed rate, from the first moment of the credit you will know how much you will pay in total.

 

The purpose is determined by the client

It is not necessary to present documents or justify what the money will invest in. The client is free to use it to finance a vacation, pay for a course or simply face an unexpected expense that came out of the budget. The important thing is to understand that it must be requested if it is really needed, and not just "to have more cash."

But is it more convenient than using the credit card? Interest rates are usually lower, so you will pay less interest for the credit than for using your plastic. In addition, some banks even offer you a preferential rate if you have a payroll account or if you purchase life or unemployment insurance. In this case it will be necessary to check the cost of the insurance, to see if there really is a saving.

All banks offer different types of credit tailored to those who are looking for money loans , but not all people can access this financial benefit.

Banking institutions usually evaluate personal loan candidates to find out how much money they can borrow and if they are candidates for these services.

Know what banks evaluate to give personal loans :

Your credit history

It is good to consider the importance of good payment behavior if you want to apply for a loan.

Banks take credit history into account when giving you a loan, so it is important that you have a record of financial activities. This can let the bank know if you are a timely customer with payments, etc.

That you do not have overdue debts

It is not a problem for a financial institution to lend you money if you have other credits with other banks.

The important thing is that you do not have delays in paying your monthly installments and that you can Herne the Huntertar the expenses that a new debt would entail.

Know what banks evaluate to give personal loans :

Have Good Finance to pay

You cannot ask for a 7-figure loan if your income does not allow you to pay a debt of this nature . Banks will always evaluate the payment capacity you have, for this they will take into account your monthly income (which you should check through receipts, etc.), versus the expenses you have each month.

These are three factors that banks consider to know if they can give you a loan or not. Together with the above they will also consider your age, as well as your credit score.

If you have not decided on a loan yet, you have time to think about it! Read our post: What you should consider before deciding on your next loan .