Archive 2019

Loan without credit rating

The credit rating is bad and the creditworthiness bad, it is not easy in lending. When lending banks need collateral. The credit rating must be positive and the income regulated and sufficient. With one or more negative credit rating entries, it is usually very difficult to get a credit card from a bank based in Germany. Banks are generally reluctant to lend to the self-employed because they can not prove that they have a regular, attachable income.

The loan without credit rating and without creditworthiness

The loan without credit rating and without creditworthiness

The credit rating is bad and the creditworthiness bad, it is not easy in the granting of loans. When lending, credit institutions need security. The credit rating must be good, the money sufficient. Without credit rating and without creditworthiness, who receives the loan? When lending a German bank, the payment behavior of the borrower is checked.

For this purpose, a credit rating query is executed and the salary statements must be submitted (unless the client asks at his own bank). If these receipts are in order, the loan will be approved. If anomalies are detected in the credit rating and the creditworthiness is bad, a loan is rejected. The loan can be considered as a substitute.

Credit rating is not relevant for banks. The loans, the loans without credit rating, are advertised intensively in the network. But not everyone is destined for this loan. Like German credit institutions, credit institutions also have their lending policies. The grueling offers should not blind you, because a loan is a financial cut that can often be made for years to come.

If the creditworthiness is not good anyway, a loan should be carefully examined.

If the creditworthiness is not good anyway, a loan should be carefully examined.

Most loans are transacted through credit brokers. They can be understood as a link between the borrower and the lending bank. Even expensive telephone hotlines, where the loan has already been agreed by phone, are not serious business behavior. If you can not find a reputable loan broker, you can apply for a loan from the bank yourself.

Since 2010, following a ruling by the Federal Court of Justice, a major financial services company has been banned from granting loans for lack of authorization. In the meantime, there is only one bank left in the Principality of Lichtenstein that grants the loan without credit rating and without creditworthiness. It will decide on the basis of the information provided whether a loan is sufficient.

After signing and signing the loan agreement, it will be sent to the bank together with the necessary credit documents (statements of wages, account statement, excerpt from the employment contract).

A bond without credit rating and no rating has a fixed condition.

A bond without credit rating and no rating has a fixed condition.

This is EUR 3,500 and, depending on the creditworthiness, EUR 5,000 or less. A sufficient and regular salary and employment must be there.

The income should be above the seizure exemption limit, ie for an individual with a loan of EUR 5,000, the annual income must be EUR 1,600. Because the loan is income secure, an assignment of wages must be signed. Freelancers and the unemployed do not get a loan, since the wage may not be tied to the unemployed and a freelancer has only an irregular income.

If it would not work with the loan without credit rating and without credit, then you can try to get a loan in this country. Private investors who want to invest their capital in loan projects make their decisions without having any other duties as a yardstick. However, certain collateral positions must also be available, because even private investors do not give away their capital without consideration.

From what age can I make a mortgage?

You can become owner from 18 years, the legal age in France to be able to make a mortgage within banks.

Minimum age for a mortgage

Minimum age for a mortgage

In France, you have to be 18, in other words the majority to be able to make a mortgage in a bank. If age is a mandatory condition, there is the notion of borrower profile that comes into play. That is, at the very least, you must have a CDI type contract and a sufficient debt capacity to be able to borrow as part of a mortgage loan. In France, the maximum debt is 33%, in other words, if the young borrower does not yet have credit, he can devote up to 33% of his income to the repayment of a monthly mortgage loan.

It is therefore necessary to submit a loan application, taking care to specify its situation and obviously to specify the amount desired to borrow, banks can study the feasibility and inform the borrower of the financing solutions that come his way.

Real estate loan and young borrower

Real estate loan and young borrower

Borrowing from banks when one is young is not always obvious, these candidates for mortgage generally have no contribution to add to the file, which can sometimes unblock a situation. The contribution very often makes it possible to reassure the bank on the repayment of the funds, but the contribution also makes it possible to negotiate better conditions of loans with lower rates. A contribution can be the fruit of a resale of car, a personal saving or a financial boost of the parents.

Another point is that young borrowers who have recently obtained a majority and who are entering the labor market may be domiciled with parents or rented, this charge is taken into account in the assessment of the repayment capacity and may reduce the rest. to live, a key element in a feasibility study. It is therefore necessary at this stage to perform a simulation to obtain a first funding offer.

How to apply for a mortgage?

How to apply for a mortgage?

Banks do not all have the same targets, some are geared towards short-term real estate loans, others are long-term loans, and some banks prefer more mature borrower profiles. It is therefore not easy for a young borrower to quickly and easily find a credit contract offer to buy real estate, the use of an online simulator can facilitate the process and guide the request to credit institutions that can meet favorably.

It is enough to deposit a loan application by specifying the desired amount but also the situation of the borrower, the banks will thus be able to study the request and make a financing proposal taking into account the situation and the need. Note that the domiciliation of bank income can play an important role in obtaining good conditions, in other words a more attractive rate. Lastly, it is important to know that housing loans are free and without obligation.

Foreign currency loans : two final refusals, one deferral

The Court of Appeal, acting in second instance, upheld its first instance decisions in Good Finance Mortgage Bank Plc. And Good Finance Commercial Bank Zrt. decision.

The court of second instance shared in substance the position

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The Metropolitan Court in both credit institutions that the request for suspension of the proceedings and the proceedings before the Constitutional Court and the request for a preliminary ruling from the European Court of Justice were unfounded. He stated that the Court of First Instance had reached the correct legal conclusion that the contractual clauses in the litigation had not been considered fair.

He also pointed out that, among the conjunctural conditions listed in the law, the transparency, clear and clear wording of the contractual clauses had to be examined above all. On appeal, he stated that it was not necessary to examine the other conditions.

In a lawsuit against Good Finance 

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Good Finance Mortgage Bank has to pay HUF 532 thousand + VAT to Good Finance Commercial Bank within 15 days, and Good Finance Commercial Bank to pay 40 thousand HUF + VAT to the defendant.
In a lawsuit against Good Finance Ingatlanlízing Zrt against the Hungarian state, the Metropolitan Court of Appeal, acting on second instance, postponed the announcement of the decision until October 30.
On 30 September, the Metropolitan Court of First Instance dismissed the plaintiff’s action, finding no grounds for staying the proceedings and for the conditions of partial invalidity.

According to the Court of First Instance, the General Terms and Conditions did not comply with a number of principles – proportionality, symmetry, transparency. There were also contract terms that did not comply with the principles of clear, comprehensible wording and itemization, according to the Court of First Instance.
The appellant financial institution appealed against the judgment at first instance, requesting that the judgment be reversed and the hearing suspended.

The plaintiff again requested that the court refer the matter to the Constitutional Court (Ab) and initiate a preliminary ruling procedure before the European Court of Justice (ECJ), which was previously rejected by the Court of First Instance. He presented a judicial decision at the hearing and requested that the reasons given therein be taken into account.
The terms of the code of conduct were, according to the financial institution, in compliance with current legislation and fair. According to the appellant, the court overwrote the provisions of the law, failed to take due account of refinancing contracts, and erroneously disregarded the law on credit institutions.

It was a false argument that this type of lawsuit

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The plaintiff’s legal representative explained that it was a false argument that this type of lawsuit was necessary in order to protect Hungarian citizens from tens of thousands of lawsuits, as it could have given rise to a final judgment by bringing a civil action.
In his oral supplement to the defense, the defendant’s Hungarian legal representative stated that he agreed with the court’s application of the law, that the judgment of the tribunal was factually and legally substantiated and that there was no need for the court to appeal to Ab and EB. When the plaintiff enclosed a court order requesting the court to take it into account, the defendant’s Hungarian legal representative responded that the court hearing the case was not bound by the decision of another court.

Take credit despite negative record: information and tips

The credit record is intended to protect against payment default of any kind.

Can you take out a loan despite negative record and creditworthiness?

Can you take out a loan despite negative record and creditworthiness?

Use the record lending company and individuals can obtain financial information of their potential contractor to assess its creditworthiness based on its previous credit history better. The record states that every day about 380,000 information to 9,000 partner companies or to individuals pass. According to statistics, more than 90 percent of all stored consumers have only positive information.

But what happens if you have a negative entry to the record? Can you take a loan with bad record? How does record scoring work? Under what circumstances can you apply for loans despite negative record? Which bank gives a loan despite negative record?

What role does record play in borrowing?

Where do you get reputable loans despite a negative record entry?

If a person wants to take out a loan , they usually have to prove that they are repayable and willing to pay because German banks are required by law to check the creditworthiness of their clients before they lend. Banks often resort to credit bureaus such as record. Why is it not usually possible to apply for a loan despite record?

In the credit check, the focus is on minimizing the risk of a credit default. If a customer can not repay the loan, the bank may incur significant economic losses. A record query is also useful for the consumer to determine whether he can actually afford a loan.

Among other things, before granting a loan, the bank checks whether the customer has already repaid past loans. Because if the monthly repayment rate exceeds the financial capabilities of the customer, there is a risk of over-indebtedness.

As German banks always work with record or other credit bureaus, they usually do not issue credit without a credit check . As a result, German consumers usually can not get credit on negative record.

How does record scoring work?

The record indicates the degree of creditworthiness in the form of a score between 1 and 100 . The higher the record score, the more creditworthy the person or company.

The score value does not relate to the personal creditworthiness of the person concerned, but indicates the value of a statistical comparison group. record may not record information about income or job , but the focus is primarily on the payment history of the person concerned. For this reason, a loan request might be rejected even though the person is financially well off. Conversely, it could also be possible for you to get a loan despite a negative record entry if the entry is unjustified and you inform the credit reference agency in good time .

It is not known in detail on which calculation basis the record score is due. In order to prevent criminal influence on the rating, the record keeps all details on the analysis method and the calculation of the probability value secret.

Which bank gives you a loan despite negative record?

Which bank gives you a loan despite negative record?

In a mathematical-statistical method , the value for comparative assessment of consumers is determined. It uses all the data that record collected about the person. The stored information from the past creates a forecast for the future payment behavior of the person, whereby the calculation relates only to the currently existing record entries.

The data used to determine the score can be found in the record self-report. Since German banks want to hedge with the record exam, it is usually not possible to get a loan despite negative record and credit rating.

Where do you get a loan despite bad record?

Where do you get a loan despite bad record?Where do you get a loan despite bad record?

With a credit check, banks want to ensure that the borrower is able to repay the loan granted to him. In a credit check, the payment behavior of the borrower in the past under the magnifying glass , especially if the debt has always repaid regularly and on time .

 

A loan with bad record can quickly become a debt trap.

Not infrequently, the creditworthiness of a person is classified as moderate or bad, although the person concerned is able to meet the liabilities. This is the case, for example, with traders who have no regular income .

For this reason, many banks grant a loan despite record entry. In the case of a loan with bad record, the creditworthiness is also checked, but the banks decide on a case-by-case basis whether financing makes sense.

Among other things, you can get an instant loan despite negative record if you provide a guarantee. Recipients can also apply for an instant loan from the Job Center despite the record entry.

Consumers should only borrow in an emergency despite record, because on the one hand there are many risks involved, on the other hand, a negative record should be a warning signal in order not to fall into a debt trap.

Before borrowing, it is always advisable to seek different offers and compare the interest rates . It is important to note which information is passed on to the record. In the best case, only a condition request should be reported that does not affect the record score. That is, instead of submitting a loan request, the bank should only tell record that the information provided by the credit reporting agency is needed to be able to make an offer and that this is not a final credit check.

A loan at the client’s home – what you need to know about it

The times when taking out a loan was a great undertaking related to visiting the bank are slowly becoming a thing of the past. In the age of SMS and online loans, no one will be surprised by the option of a loan at the borrower’s home. This is a service offered only by some companies, often those that prefer to reach customers interested in the offer instead of maintaining a stationary outlet. Most often, home loans are offered by institutions outside , but what does it look like in the context of financial services available on the market? Distance-based loans are gaining in popularity due to the short decision-making period and the reduction of formalities needed to obtain a loan. Based on the online application completed, the company verifies the customer and accepts or rejects his application. In many companies, it is also mandatory to verify your identity by sending a transfer to for a minimum amount, e.g. USD 1 or USD 1. If the customer passes this stage positively, the loan is paid by transfer. However, not everyone wants the loan to appear on the bank account. This may be due to financial problems and account seizure, access to the account of other people, or inability to handle transfers and banking services (elderly, illiterate people who do not have access to equipment, internet, mail, etc.). Then a loan at the client’s home can be a good solution.

What is a home loan?

What is a home loan?

First of all, home loans are served by companies with field representatives, also known as mobile client advisers, therefore only some financial institutions offer this type of loan. The service consists of an initial telephone arrangement of customer expectations and matching them with the terms of financial services provided. If they converge, after a conversation with the consultant, a date is set for meeting the company representative at the borrower’s agreed place of residence. By definition, a home loan company guarantees you to get cash at home the first time you meet.

During the visit, the loan application is completed, the client’s identity is verified, the required certificates and documents are provided from the client, the contract is signed, the debt repayment method is determined and, in the case of a successful application, cash and debt repayment schedule is submitted. The customer has the option of collecting installments by a company representative so that the loan at every stage takes place at the borrower’s home. Remember that the basic data that you need to prepare to complete the application is name, surname, address, PESEL number, telephone number, data on employment or granted retirement, disability and other benefits and the loan amount.

Depending on the borrower’s needs, many companies give the opportunity to flexibly choose the number of installments, which translates into their amount. This makes it possible to adjust the installment amount to the client’s financial capabilities. This is good for both parties to the contract: the lender is more confident that the customer will meet the repayment conditions, while the borrower will not get into financial problems resulting from too high a loan installment. A loan at the client’s home is most often repaid in installments, it is rare to find house payday loans paid back in full during, e.g. days. The second important issue is the amount of the home loan. Usually it does not exceed a few to several thousand USD. These are not large loans but only consumer loans for any purpose, i.e. current needs and emergency situations.

Who is a good home loan for?

Who is a good home loan for?

The addressee of the offer is most often people who do not have time to look for offers in stationary establishments or because of health, physical or obstacles related to lack of access to the means of transport or communication, they prefer to contact a financial advisor at home. Another group are people who do not use the account , who want to get cash in their hands. Still a group of people who do not distrust banks or do not use account is substantial. Granting a loan at the client’s home is also a chance to remain discreet, especially if the borrower does not want to share this information with family and friends.

Home loan costs

Home loan costs

A home service loan is usually an interest-bearing loan, where the cost of granting a home loan must cover the cost of servicing it at your place of residence. However, they can be comparable with the cost of a loan granted stationary, so before making a decision on choosing a loan, it’s best to spend some time analyzing the conditions in different companies. Before signing the contract, as with any loan, loan or payday loan, it is worth reading the contract, calculating whether the proposed installment amount is realistic to pay, and you can also check the credibility of the lender.