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What is good lightning credit?

However, for a good reason, you not only value finding a suitable offer at all, you are also looking for a powerful loan. Further editorial at linkerr43ds.com

It should be a good lightning credit that you take up. But there is an inevitable question: How can you help such an instant loan. We would like to help you in the search for answers.

Good lightning credit: when is the payment made?

Good lightning credit: when is the payment made?

One of the most important questions when deciding whether you are dealing with a good or bad lightning credit revolves around the question of how quickly the payment will be made after the application (if the application is approved). Very good providers manage to transfer the money within hours. The instruction should take place at least within one day, so that ideally you have the money in your account on the same day or only one working day later.

Good lightning credit: always without upfront costs

Good lightning credit: always without upfront costs

Many flash loan providers charge upfront costs. This is particularly the case when intermediaries are involved. On the internet platforms that offer you loans from private individuals, for example, it is common for the operator to charge upfront costs. It is usually an amount of around ten euros. However, the upfront costs can also be significantly higher. However, there are enough potential lenders and credit intermediaries who do without this annoying practice. Therefore, make sure that you only take out a lightning credit that has no upfront costs.

We would also be happy to give you advice on the maximum interest rate that a good lightning loan offer can have. The bitter truth is, however, that interest rates are never really good. You have to be prepared for double-digit interest rates. And there is a likelihood that the values ​​will match or even exceed the level of your overdraft facility.

Good lightning credit: Four-digit amounts should be possible

Good lightning credit: Four-digit amounts should be possible

Many lightning credit deals that you can find are limited to three-digit amounts. On the one hand, this is understandable because the donors keep their risk within a manageable range. In everyday life, however, such sums quickly reach their limits.

For example, a car repair, which is a common reason why people need a lightning credit, can quickly swallow up a four-digit amount. It is therefore only good to have instant loan offers that also make it possible to receive four-figure amounts. After all, if you don’t have to buy this amount, you can decide to take only a three-digit loan amount.

The available loan for deposit and commission.

Moving is associated with high costs and most people only have to borrow it. While moving companies often offer installment payments, borrowing is essential for the brokerage commission and the rental deposit.

The legislator expressly provides for the possibility of paying the deposit in three installments, but many landlords only sign the rental agreement if their new tenant pays the entire deposit in one sum before the start of the rental period. The broker commission naturally does not apply if the tenant finds a new apartment without the help of a broker. However, this is not only less and less possible due to the lack of housing, but also because of the increasing convenience of landlords.

Moving loan or a separate loan for the brokerage commission and the rental deposit?

Moving loan or a separate loan for the brokerage commission and the rental deposit?

A separate loan for the deposit and the commission is required if the direct removal costs are financed through an installment payment agreed with the moving company. If this is not possible, it is advisable to take out a single loan for all the costs associated with the move, which in addition to the bill of the moving company and the rent deposit as well as the brokerage commission also includes the renovation costs for the old and new apartment, provided that the moving person she has to wear in both cases.

If the tenant only needs a loan for the deposit and the commission, the use of the overdraft facility appears reasonable. The deposit amounts to a maximum of three months ‘rent, while the brokerage commission may be two months’ rent plus sales tax. This means that a loan for a deposit and the commission can be used to finance five months’ rent.

This amount can be offset within a few months if the earnings are good and the rent is not excessively high, especially since the tenant usually receives the security deposit of the old apartment after six months at the latest.

Deposit insurance as an alternative to borrowing?

Deposit insurance as an alternative to borrowing?

The promotion of taking out surety insurance instead of borrowing to pay the rent deposit is increasing. Basically, the idea of ​​not having to use the required credit for bail and commission alike is tempting. If insurance is taken out instead of borrowing for the rental deposit, the loan amount is reduced and, as a result, the monthly burden on the loan is reduced. However, while the tenant receives the deposit with interest after the move – except in the case of justified complaints – the insurance premiums to be paid for a deposit insurance are lost.

In addition, in the case of long-term rental contracts, they reach a higher sum than the deposit actually to be deposited, because the obligation to pay remains until the end of the rental contract. In addition, the so-called deposit insurance is not really insurance. Rather, it is a guarantee loan.

If the landlord makes claims from the deposit insurance after moving out, the tenant must repay these to the insurer in addition to the premiums already paid, so that a loan for the deposit and the commission is cheaper than the conclusion of the insurance contract.

What are the differences between a loan and a credit?

There are many expenses that we have to face in our day to day. No longer just the children’s car, house or school, but one vacation a year or even a second home or a second vehicle. Although most expenses can be paid with our disposable income, there are some for which we need to get into debt.

This debt is the way in which anyone can postpone expenses that, due to their high amount, they cannot pay at once. There are several instruments with which citizens can get into debt that generally, especially if we are talking about consumer spending, are usually summarized in credits and loans.

These are two concepts that are easy to confuse.

These are two concepts that are easy to confuse.

It is common for the terms credit and loan to be used interchangeably on the street to refer to a situation in which the final outcome, in both cases, is the same: obtaining an amount of money with the obligation to return that amount in a period of time together with the interests established in the contract.

Although their daily use may seem synonymous, there are a number of characteristics that make a very clear difference between the two:

A credit is an amount of money, with a limit set in advance, that an entity makes available to a customer, usually in a credit account or on a credit card. The client is not given that amount at once at the beginning of the operation, but deliveries are made partially and always at the request of the client. As for interest, they will only be paid for the part of the balance drawn, although it is true that for the rest of the amount most banks usually charge a commission for the unused balance. Credits are granted over a period of time, but unlike loans, they can be extended or renewed. It should be noted that the interest on loans is usually higher than that on a loan.

A loan, on the other hand, is a financial operation in which an entity or person (the lender) delivers another (the borrower) a fixed amount of money, previously requested by the borrower at the beginning of the operation. The borrower will have to return that amount plus the interest generated in a previously agreed term. The loan is repaid over a specific series of periodic installments, which can be monthly, quarterly, semi-annually, etc. Interest is charged on all the money loaned.

The three fundamental differences between a credit and a loan are, therefore:

The three fundamental differences between a credit and a loan are, therefore:

  1. Payment of interest. In a credit, only interest is paid on the effective balance used (despite the fact that the rest of the requested balance will have a bank commission associated with it). In a loan, interest is generated on all the capital requested, regardless of whether it is used effectively or not.
  2. Capital deliveries. In a loan, the amount is delivered in installments agreed or requested by the borrower to the bank, while in a loan the amount is delivered in full at the beginning of the operation or at the signing of the contract.
  3. Return terms. A credit can be renewed several times once it has expired, while a loan must be repaid within the term established in the contract. Once returned, a new one can be requested, with a new term.

As a general rule, credit is consumer oriented, while the loan is more oriented towards other investment elements or products of a lasting nature such as the purchase of a home or the purchase of commercial premises.

In short, loans are oriented towards the acquisition of certain assets, while credits, for their part, are ideal when any of us has temporary liquidity needs without evaluating whether this money will be used in the short term or not.

How to get fast money in different ways

Because since the financial crisis erupted, banks have closed the credit tap and it is increasingly difficult to obtain it through traditional channels. In response, a whole series of alternatives have emerged that you can take advantage of to get the money you need for what you want. Below you can read the blog articles:

Self-Employed Loans Now Easier

Self-Employed Loans Now Easier

In current economic conditions, accessing financing has never been so easy. The low interest rates that govern the market make it easier for many groups to obtain resources with which to continue their economic activity. Among them, the group of self-employed workers stands out, one of the hardest hit by the crisis that has seen their ability to.

Fixed or variable interest rate on mortgage loans

One of the most important purchases in a person’s life is the purchase of their home. The reason is very simple: the price of a property is so high that, unless we have enough cash to acquire it in Tocateja, we will have to go to a financial institution to request a mortgage loan to finance it. A loan that will undoubtedly be a heavy burden during.

Who can lend me money if I don’t have a payroll?

Although it seems that lately the number of unemployed has decreased slightly in Spain, there is still a group that has aggravated their situation: these are the long-term unemployed ; people who have been unemployed for a long time and with no apparent solutions to their situation in the short and medium term. In most cases they are parents, old enough to.

Get fast money while on Financial credit institution

Entering a list of defaulters is very simple: it is enough to not face the payment of a contracted debt so that we end up on one of the most feared black lists in our country, such as that of Financial credit institution, an acronym for the National Association of Credit Financial Establishments, or the RAI. As long as the debt is active, our name will remain on the list, so the only alternative to get out of them.

What are the differences between a loan and a credit?

There are many expenses that we have to face in our day to day. No longer just the children’s car, house or school, but one vacation a year or even a second home or a second vehicle. Although most expenses can be paid with our disposable income, there are some for which we need to get into debt.

This debt is the way in which anyone can defer expenses that, due to their high.

Mortgage your home to get a loan

Mortgage your home to get a loan

When you finish paying the mortgage, your future appears clearer, calmer. You have spent a good part of your savings on the acquisition of one of your dreams, your home, but is there nothing else you can do with it? That is, you have invested a large part of your income in your home (not counting the interests that the bank has stayed) but is there no way to make your house more “profitable”.

What is the relationship between inflation and loans

In recent years, the main central banks have emphasized the need to create inflation in order to reduce the burden of debt. To do this, they have put into circulation huge amounts of liquidity that more or less have achieved the desired effect, creating inflation.

But what is the relationship between inflation and debt or loans? Although many.

Financing alternatives: loans between individuals

As the economic and financial crisis has worsened, the credit drought has become increasingly common, and both individuals and especially companies have had to resort to alternative financing methods to bank credit to obtain the liquidity that they need in their daily business.

One of these methods has been the loan between individuals, a way.

Requirements to obtain personal loans

Requirements to obtain personal loans

A loan is an operation by which a financial institution, normally a bank, makes available to us an amount of money signed by means of a contract and therefore, with its requirements and clauses. In loans, we are going to differentiate mortgage loans (with very specific and specific conditions) from personal loans, which are more generic and generally have the same requirements.

It is the payment method that more people use and that we use more in our day to day. You no longer have to carry money in your pocket to pay at the neighborhood bakery or the corner kiosk. Buying (and spending) has never been so easy. There are establishments reluctant even to implant a simple dataphone (POS) to be able to collect through these “pieces” of plastic. They are the debit and credit cards.

Cards to finance consumer credit

Cards to finance consumer credit

There are certain products or services that, due to their price, are inaccessible to most mortals. Who does not like to change cars or take the vacation of a lifetime? Few clients can assume the cash payment of such an onerous good, which is why many of them are forced to resort to financing.

There are many ways to finance our consumer goods: well through.

There are many occasions when you need to use financing to get money. They can be leisure situations, such as taking a trip or organizing an event such as a wedding; They can be everyday situations, such as making regular purchases of clothes or food; We may also want to change cars, or carry out reforms, needing larger amounts, for which it will be necessary to resort to personal loans.

In the case of specific situations of need, in which there is an urgency factor that makes us require quick money to meet an expense that cannot be delayed, there is the possibility of resorting to quick loans and mini-loans, with which you can get a quantity with few requirements and in a few hours, without having to give explanations and without complicated paperwork.

For every circumstance of life there is a more convenient way to obtain financing, so it is convenient to find out about all the alternatives and choose the most convenient one. In addition, it is highly recommended to compare the different sources of available credit to obtain the best conditions and that the expenses are the minimum.

In the quick credits blog we offer information so that you can face that search with a more solid knowledge to avoid that your choice entails some unexpected surprise. Remember that it is always convenient to read what is signed and be sure that all the conditions and clauses are understood.

 

Loan with temporary employment contract.

A loan with a temporary employment contract is not granted by every credit institution. Despite difficult signs, a loan with a temporary contract can be approved. The article deals with credit opportunities, obstacles and possible solutions.

Loan with temporary employment contract – problem

Loan with temporary employment contract - problem

A loan with a temporary employment contract is only supported by a few loan providers. The negative attitude is due to the changed framework conditions. About 25 percent of all employees in Germany work in “precarious” employment relationships. Work as mini-jobbers, top-ups, temporary workers and temporary employment contracts are rated as precarious. None of these employment relationships can offer an income that can be considered sufficiently high and at the same time secure.

In the case of temporary employment contracts, it is not necessarily the amount of income that excludes lending. The problem of secure repayment ability arises from the time limit and thus the expected end of the employment relationship. The initial situation does not improve by the proof that it is a chain contract.

Chain contracts are particularly widespread in the public sector. Massive austerity measures have meant that urgently needed jobs cannot be created. Even existing vacant positions cannot easily be filled permanently.

Installment loan despite temporary employment contract – how it works

Installment loan despite temporary employment contract - how it works

A long-term installment loan with a temporary employment contract is therefore ruled out. However, a short-term loan with a temporary contract is possible. It is important to apply for a credit contract as soon as possible after the extension. It is also necessary to reconcile the end of the term with the time limit. Solvency is proven by the income.

The loan is paid back together with the end of the employment contract. There is no reason to refuse a small loan under these conditions. The affiliated loan comparison leads you to particularly low-interest loan offers, which are also possible under the conditions mentioned with a temporary contract. Larger loan amounts and longer terms can also be realized through the guarantee of a solvent guarantor.

The offers of the department stores offer a further fair chance of obtaining an installment loan despite a temporary employment contract. A goods or mail order credit is primarily intended as sales promotion. Such an installment loan can be applied for with a clean Credit Bureau and proof of work income.

Other credit options despite a temporary contract

Other credit options despite a temporary contract

If you have a regular income from work, you almost always get an overdraft facility from the house bank. Many credit institutions even automatically grant the loan with a temporary employment contract, as an overdraft facility. A further uncomplicated alternative can open up the financing of the credit request via the credit card’s credit limit. If the credit line used is to be repaid in small steps and not in one sum, a simple application is sufficient.

The last alternative presented, to get a loan despite a temporary employment contract, can be found outside the commercial credit system. Loans from private donors are not linked to complicated lending rules. A private investor is free to decide to approve the loan with a temporary employment contract. Knowledge of the problems of chain contracts, a well-presented loan request, opens up fair opportunities.

Mortgage your home to get a loan.

When you finish paying the mortgage, your future appears clearer, calmer. You have spent a good part of your savings on the acquisition of one of your dreams, your home, but is there nothing else you can do with it? That is, you have invested a large part of your income in your home (not counting the interest that the bank has kept) but is there no way to make your house more “profitable” beyond selling it and obtaining its appraised value? The answer is yes, but using the head. In many cases it is possible to re-mortgage an already mortgaged house, but under very specific conditions and, beware, it is not always a good idea.

The profile of a person who needs to mortgage their home is almost always the same:

The profile of a person who needs to mortgage their home is almost always the same:

A person with a stable job, who meets most of the requirements to access a mortgage, but who needs a guarantee so that the bank finally decides to grant him a loan, generally for the start-up of your new business. That’s where your newly paid home can help you get that financing. It is a great source of liquidity.

When you apply for a mortgage with your home as a guarantee, we have to be very clear and be aware of what the limits are and what type of investments we are going to make. It does not seem very logical to put our home at risk to acquire a vehicle or a vacation, or for a new house that is beyond our possibilities. In addition, this type of investment can carry extraordinary costs that may not make sense.

All this taking into account that you can request a bank with a guarantee or re-mortgage your home. What to do in case you leave your bank empty-handed? A second option could be to go to a private lender. But for them, it only matters that the home is owned.

Private lenders have two advantages over a bank. Obtain immediate liquidity without showing income or reuniting all outstanding debts. Above all we are interested in the first one. It is like applying for a loan to the bank, without going through any solvency filter. But this carries a great risk.

These lenders are usually financial intermediaries, brokers or private equity companies and their conditions can be much more burdensome than the conditions of a financial entity, so the interest they charge is much higher than that offered by any other entity, close to 20 % or higher. Hence, the bureaucracy they require is less to apply for a loan. They even often have opening or management fees that many financial institutions have eliminated.

In addition, in case of non-payment of the loan, the reaction is much faster, including you in lists of defaulters such as Financial Credit Institutions and the initiation of the procedures for seizure of our home. The same house that cost us so much headaches and money.

Is it a good idea to mortgage your home to get a loan?

Is it a good idea to mortgage your home to get a loan?

The mere fact of using an asset such as housing as a reference, facilitates access to financing or allows the debtor to access financing under much more attractive conditions.

Thus, if we lack liquidity and you have a home owned, a good option may be to mortgage it, always being aware of what our limits are and of the use that you are going to give to the loan that you have obtained thanks to your home. Keep in mind that you are playing with your home and that, in case of default, they can foreclose and stay on the street. And of course, the option of private lenders is not the most advisable.

 

Self-employed loans now easier.

 

In current economic conditions, accessing financing has never been so easy.

In current economic conditions, accessing financing has never been so easy.

The low interest rates that govern the market make it easier for many groups to obtain resources with which to continue their economic activity. Among them, the group of self-employed workers stands out, one of the hardest hit by the crisis, which has diminished their ability to obtain financial resources.

In this sense, the situation has improved significantly during the first quarter of this year 2015. According to a survey carried out by the Cream Bank, the granting of loans to Spanish professionals and SMEs has approached for the first time so far in crisis European SMEs if measured by the rejection rate, 11% in the case of Spanish SMEs and 12% for the rest of Europe.

In addition, and according to a report published by the Fitch rating agency, it is expected that delinquencies in bank loans will fall around five percentage points compared to last year, thanks to the marked decrease in delinquencies of those self-employed and SMEs related to the construction sector, which have reduced their delinquency rate to 8% compared to 10% the previous year.

These are certainly encouraging data as a result of the improvement in the expectations of the Spanish economy and the necessary deleveraging process that for a few years has been increasing the solvency of entities and individuals in general, in addition to aid in matters of financing that the Cream Bank is providing with its liquidity injections to the system.

Irregular income, the great handicap for self-employed professionals

Irregular income, the great handicap for self-employed professionals

One of the biggest problems that the self-employed people find to access bank financing is related to the irregularity or discontinuity in the income obtained over time, with stages where the income is more or less regular and with others where it is difficult, not to say impossible, get work ahead due to lack of opportunities.

In these circumstances, banks are still reluctant to lend, especially considering that we have not yet fully emerged from the crisis. However, the self-employed and SMEs are filling this handicap with alternative sources of financing that serve to grow their business.

Collateralized loans remain the problem

Collateralized loans remain the problem

In any case, as has always happened, guarantees are the biggest problem for the self-employed. The need to provide a guarantee with which to guarantee the payment of the loan has left many self-employed in bankruptcy, with a debt for life and with few real possibilities of recovering.

However, with the Second Opportunity Law promoted by the Government, a way is enabled by which any self-employed person can access an extrajudicial payment procedure with which to obtain more advantageous conditions, agree to moratoriums on payments of up to three years and withdrawals up to 25%. It is a possibility that tries to eliminate the fears that all those natural persons who carried out a professional activity on their own had, by exonerating the self-employed person from all liability in case of insolvency.

So is it easier now?

So is it easier now?

The legislative measures in favor of natural persons, together with the better economic prospects and the opening of the credit tap by commercial banks thanks to the almost free financing of the Cream Bank, are good news for self-employed workers, who will be able to access credit in better condition.

However, it is advisable to consider what are the best financing options before accessing what a financial institution offers.

5000 USD loan – a bank offer.

When it comes to taking out 5,000 USD in credit, it is worth comparing the loans to find out which bank can take out the 5,000 USD on the best terms. Many consumers already know that a credit comparison is the best way to compare banks’ offers. Nevertheless, there are always questions that we would like to answer here.

Make optimal use of the loan comparison

Make optimal use of the loan comparison

Anyone who makes a loan comparison must know exactly what is important in the loan comparison. There are several comparison portals where different providers are listed, without the consumer being able to enter their own wishes. Qualified loan comparison portals, in which the consumer can specify the loan amount and the term, are much better.

This changes the ranking, because a bank that takes the top position when it comes to a loan of 5000 USD and a term of 36 months does not have to be at the front when it comes to a loan of 5000 USD and a term of 72 months. In principle, these qualified comparison portals give the customer better information and really find the provider with the greatest savings potential.

Our loan comparison is designed for a term of 36 months. Here we are in first place in comparison Barclaycard. Unfortunately, the acceptance rate at Barclaycard is relatively low at only 45 percent. The Infra bank in second place has an acceptance rate of 55 percent and a rate of almost 150 USD for a 36-month term. In third place is the Creambank, which scores best here with an acceptance rate of 80 percent. Our loan comparison is variable, so that you have the option of entering other terms and finding providers with cheap offers.

Watch out for interest rates dependent on creditworthiness

Watch out for interest rates dependent on creditworthiness

Many banks today advertise with interest rates dependent on creditworthiness and many unsuspecting consumers fall for these cheap offers. That means that a 5,000 USD loan, which is advertised with 3.90 percent effective interest, is not automatically granted to every borrower at 3.90 percent. The applicant’s creditworthiness is decisive for the actual interest rate. The representative example that the banks have had to publish since the introduction of the consumer credit directive in 2010 provides a brief orientation.

5000 USD loan with fixed interest

5000 USD loan with fixed interest

It can often be more convenient for borrowers to focus on fixed-rate deals from the start when comparing loans. Firstly, no personal offer has to be obtained here, and secondly, the interest, especially when it comes to only 5000 USD, is usually cheaper than for loan offers with interest rates that depend on creditworthiness.