Month: February 2020

Loan without employer is difficult

The fact that borrowers cannot specify an employer is due to various factors. Applicants are often self-employed, others are unemployed or are looked after by their partners. In all cases, borrowing without an employer is difficult.

Self-employed and borrowing

Self-employed and borrowing

Most banks understand that the self-employed and freelancers take out a loan without an employer. It is possible and in accordance with the self-image of many self-employed people to consider them as their own employers, especially since they certainly generate an income. Most online banks reject self-employed persons as borrowers without further examination due to the possibly unstable income, while regional Volksbanks as well as savings banks and large private banks also grant them loans for personal purposes.

Borrowing with low own income

Borrowing with low own income

While the difficulty of borrowing for the self-employed and freelancers is to choose a bank that accepts them as a borrower, the unemployed rarely get a bank loan. It is understandable that banks refuse a loan without an employer and without an independent earned income. You can and can only grant loans if the customer can repay the borrowed money, but the benefits of unemployment benefit II are just sufficient for life.

Some unemployed take advantage of the accelerated processing of small loans and choose a loan without proof of salary. However, they only receive this if they intentionally provide incorrect information on their income, because even with a loan without proof of salary, the lender must ask about the amount of available income. Incorrect income information in the loan application has criminal penalties if the borrower does not properly repay the stolen loan later. If urgently needed purchases are made, the unemployed should contact the job center, since the clerk can agree to interest-free lending.

The low monthly installments are offset against the later payments of unemployment benefits. Ideally, married couples apply for a loan together. If the non-working partner wishes to take out a loan without an employer, the portion of the family income attributable to him should be sufficient as security for the loan. Banks usually do not share this view, so the signature of the earning spouse is usually required.

Alternatively, loans from private individuals can be taken out via websites for arranging private loans. The members registered there as lenders base their lending decisions primarily on social criteria and approve loans to people who are difficult to obtain loans from traditional financial institutions, provided that the loan seeker clearly describes the intended use.

Pay attention to low credit rates

Pay attention to low credit rates

Those who take out a loan without an employer usually have low or, as a self-employed person, a possibly fluctuating income. In order for the loan repayment to take place as agreed, low credit rates are important, which arise with long loan terms. It goes without saying that the loan must be as cheap as possible and the borrower makes a careful loan comparison without an employer.

Are there any risks when selling a property with mortgage credit?

To know if there are any risks in selling a mortgage loan, it is important to have a preliminary investigation into the negotiation. Finding the buyer that fits the requirements and requirements of the seller is a slow process. In the majority of negotiations the seller has touched to give a little to get the sale.

Even if the sale is with a mortgage on the buyer’s side, then there is a lower risk. They are due to the fact that all the process is done by means of the financial entity that extends the preest. So, you can ensure the delivery of money by the same seller to the construction entity.

 

Steps to sell real estate with mortgage

Steps to sell real estate with mortgage

  • Find out with the bank that wants to apply for the mortgage that is the best option.
  • Visit and select the villa that has met your needs and expectations.
  • Visit the National Superintendent of Public Records to which you live and apply for the Literal Certificate of Ownership.
  • With all the documents of both the seller and the buyer, if it concerns the financial entity to make the request.
  • The bank will carry out the relevant credit study for the approval or rejection. There may be times when there is a pre-approved pre-test
  • When these are there and there is an approval, the bank remits to the property an appraiser the expert. It is known here that the amount that will go to the bank to buy a villa.
  • If the approval of the amount is within the negotiation values, it proceeds to carry out the contract of sale. Where firman both parts.

 

Ready to deliver to sell a real estate

mortgage credit

According to the previous, the next step is the bookkeeping by the Public Notary, according to the agreement established in the contract. Here, drop down the property to be entered again in Public Records under the current owner.

Aahhh! You can’t stop mentioning it more importantly. The bank will write a check to a seller directly to the entity that the seller authorizes in written form. It is also clear that the bank finances between 70 and 90%. Therefore, correct and surrender the difference in the purchase agreement. It is specified at the time of the bookkeeping firms, to be received by the seller and the full amount agreed.

Meet your option for new home loans! Contact us now!

Personal credits from $ 200 to $ 1,500 in installments.

In this first stage Good Finance offers personal loans online for amounts from $ 200 to $ 1,500 to be repaid in terms of 2 to 12 months.

The financial products offered by Good Finance are characterized by their level of security. Thus, all its online application processes have real-time data verification tools such as Lite Bank and Instantor, which guarantee the entity as reliable and safe in all its banking procedures.

This financial platform is considered innovative and they say they can offer you “a world of possibilities”, to those who motivate them to apply for their loans to make their dreams come true.

Good Finance Loan Terms

Good Finance Loan Terms

If you request a personal credit with Good Finance, you will be able to finance your projects for amounts from $ 200 to $ 1,500 to be repaid in monthly installments of 2, 4, 6, 9 or 12 months, with a APR of 151.82% and a TIN of 96%.

Unlike other credit institutions, Good Finance allows you to get a new credit as long as you are up to date with your payments and are paid up to 50% of your debt.

How to get a credit with Good Finance

How to get a credit with Good Finance

To start the process of applying for your loan with Good Finance you have to choose the amount of money you need, the number of installments for the return, in addition to choosing the day of the month that you prefer so that they spend the charge to return in your bank.

After indicating the amount you are requesting and its return conditions, Good Finance will allow you to complete its application form in which you will have to provide the data required for the study of your case.

After submitting your application, Good Finance will study your particular situation and carry out the verification of the information you provide, for which it will require that you accredit yourself with your online banking user.

As soon as the viability of your loan is analyzed, Good Finance will contact you to offer you the financial option that suits you best. As soon as you agree on the financing conditions of the credit Good Finance will proceed to make the transfer to your bank account so that you can have your money in the shortest period of time.

Throughout the application process with Good Finance you can check the status of your personal credit at any time if you access your personal area in the company through the “My Good Finance Account” option.

Requirements

Requirements

To get your personal credit approved with Good Finance you need to meet the following application requirements:

  • Residence in Spain
  • Be between 18 and 65 years old
  • Updated identity document : DNI, NIE or Passport
  • Be the owner of a mobile phone and an email account
  • Have fixed income from payroll or pay (with a minimum age of 3 months).
  • Access data to home banking (online banking)

If you are retired and have regular income that guarantee your ability to return the credit without problems Good Finance is an alternative to get the financing you need.

Payments

Payments

Good Finance will direct the charge of your repayment fees to the same bank account that you provide to receive the requested loan income.

The first installment charge will be passed between the first and fifth business day of the month following receipt of the loan, with the exception of loans that are granted after the 23rd of each month, in which case the first installment would be spent after one month since your request.

Problems with your return

If you have difficulties in paying your fee, and you need more time to make your payment to Good Finance, you must report your situation to the company before the date the charge should be carried out. Good Finance will try to reach an agreement with you and set a new payment date to collect the outstanding fee.

In any case, keep in mind that late fees may be increased by the sum of the interest that may be generated, in addition to other commissions as a penalty or surcharge.

It is important to keep in mind that if you delay in paying your installments this will have a negative impact on your financial situation. Good Finance and any financial institution will claim their payments, reaching the point of initiating the appropriate legal procedures in case they find it necessary to claim the return of the credit before the courts.

Anticipated cancelation

Anticipated cancelation

If you believe that you are in a position to make the payment of your credit in advance, with Good Finance you will have no problems to make an early cancellation.

You just have to contact Good Finance and communicate your decision to its financial advisors, who will inform you about the conditions of this to initiate an early return.

Conclusion

Conclusion

Good Finance is an expanding financial platform with which you can obtain a first loan from 200 to 1,500 euros that you can repay in installments.

Therefore, if the return period is a decisive factor for you to decide when selecting which quick credit is best for you, with Good Finance you have the opportunity to make the payment of your return by contracting monthly installments from 2 months to 1 year.

Among other particularities Good Finance guarantees you the possibility of carrying out the necessary procedures to obtain the loan in a safe and completely reliable way.

For this, it has the Lite Bank security tools that generate the electronic signature process, and Instantor that is in charge of managing the identification, access and account status of a user in their online banking. Both security tools provide Good Finance with agility and automatic response capacity to request your credit on the spot.

Credit Card Billing, how to understand it?

Credit Card billing comes month by month, to indicate the movements made with it, and therefore, the amount you must pay for its use. However, there are times when some concepts related to billing your card are often confused. That is why, in this post we will review them, to clarify all your doubts.

Credit Card Billing: Knowing concepts

money loan

The key to efficiently managing your Credit Card is knowing how to recognize the different charges , interests and dates that come on your monthly ballot. Each of the purchases or money orders you make with your card are registered and invoiced by the administrator or bank with which you are affiliated. In this way, the entity makes a monthly charge that you must pay on an agreed date. Understanding this information will help you avoid paying more and will allow you to use your card wisely. Let’s start!

Billing dates

It is a period that includes thirty days , in which all purchases you make and advances will be considered. To these collections the previous debt installments that you have with your card will be added.

  • For example:
    Let’s suppose that the billing date of your Credit Card goes from September 5 to October 4:
    On your invoice will come the charges for all the purchases you made between those dates , which you will have to pay at most on the payment date that appears on your ballot and which we will review below.

Payment date

It is the deadline to cancel the monthly payment . It is usually 15 days after the closing of the billing. It is important that you make the payment on time, since for each day you fall behind you will be charged extra interest.

  • For example:
    If the billing date closes on October 4, the payment deadline would be October 19. If you fall behind that date, even if it is a single day or you pay a part of the amount of that month, you will have interest that adds up for each day of delay.

Total amount to pay

It is the sum of money that you have to pay that month. Remember that if you pay a part, pay nothing or let yourself be seduced by the famous minimum payment, interest will be added to the total payment and the extra charges that we explain in this post: Credit card maintenance: Do you know their charges?

Upcoming maturities

These amounts are the fees that remain to be paid within the next four months. This information will facilitate your budget planning during the following months.

It is important that you always keep them in mind. If new purchases are made, a new debt will be added and the monthly amount to be paid will be higher.

Interest rate

It is an additional amount that you must pay to use your card and they are classified into three types:

  • Interest on installments: It is the one that is applied depending on the number of installments in which you will pay.
  • Rotating interest: It is applied every time you do not pay the total of your invoice and you do it, for example, with the suggested “Minimum payment”. It is higher than Interest on installments.
  • Interest for advance: It is charged every time you turn cash from an ATM with your Credit Card. Of the three types of interest, this is the one with the highest value.

To learn more about the different types of interests, we recommend the post: What are the interests of your Credit Card?

Maintenance charge

This is a charge made by the financial institution for the sole fact of offering you the product “Credit Card” and it is paid every time you make purchases with it. In addition, there is also a biannual charge to all people who only have a Credit Card, regardless of whether they used it or not.

Once you understand your bill and know the cartoons included in it, you are ready to quote your card. Enter Compare and learn about the Credit Cards that financial institutions have available to you. Use the search filters, according to the program you want (accumulate and redeem points, obtain discounts or travel) and find the perfect Credit Card for you. What are you waiting for?