http://hostalgalicia.net/ Fri, 17 Jan 2020 14:42:38 +0000 en-US hourly 1 https://wordpress.org/?v=5.6 Cash payday loans bad credit -Request a poor credit payday loan online http://hostalgalicia.net/cash-payday-loans-bad-credit-request-a-poor-credit-payday-loan-online/ http://hostalgalicia.net/cash-payday-loans-bad-credit-request-a-poor-credit-payday-loan-online/#respond Fri, 17 Jan 2020 14:42:38 +0000 http://www.hostalgalicia.net/cash-payday-loans-bad-credit-request-a-poor-credit-payday-loan-online/

Additional cash is needed in the least expected circumstances. Non-bank services are ideal for emergencies. They are provided via the internet. Online loans can be used in extremely extreme circumstances, even when you are waiting for the arrival of a tow truck on the road. Find out if weekday payday loans are also available. We reveal who has the best chance of receiving a non-bank loan at the weekend.

Take control and Request a poor credit payday loan online

Poor credit payday loans can be obtained regardless of the purpose of spending. Such offers are irreplaceable, especially in crisis situations, when the deposited cash is not enough to cover unplanned expenses. The advantage of payday loans over loans is due to the fact that you can apply for the first of them even at the weekend. Banks are closed on such days. Non-bank services are available 7 days a week. Loan applications are available regardless of the time of day or day of the week. Poor credit payday loans online can be filled in the evening or at night after a day’s work. You can also wait until the weekend and fill the form for a poor credit payday loan online in the comfort of your home on Saturday or Sunday. Many loan companies work on Saturdays and Sundays. Employees are available to consumers at the telephone numbers provided. You can use their support at the time of trouble when completing the application or in case of doubt about other formalities. Some loan companies are able to order a payday loan transfer at the weekend.

Who can get payday loans on the weekend?

 

You can check which loan company offers payday loans on Saturdays and Sundays. This is very important because applying for a loan in a randomly selected loan company may not be as fast as expected. To increase your chance of getting a payday loan over the weekend you should use a company that automatically verifies the application, reviews applications on Saturdays and Sundays, and orders automatic transfers, have adequate financial capacity to be able to pay off the new payday, have a personal account in the bank, scrupulously fill out the application so that it does not show any errors, as this may result in rejection of the application.

Best to choose a company that offers automatic verification of the application

money cash

Performing a verification transfer at the weekend can significantly delay the payment of the loan. It may take a long time for the transfer to reach the lender’s account, because, in the case of various banks, the date of its posting will only be on Monday. Then all you need to do is log in to your account using your online banking access details. The loan company should consider applications during the weekend. It should be borne in mind that not always those institutions that work at the weekend process consumer applications on these days of the week. To increase the chance of getting extra cash on the weekend, it’s worth choosing a loan company that offers fast transfers.

Such a service will allow for an automatic transfer, even if it is made from a bank other than the one that serves the borrower’s account. You can also choose a company that maintains an account at the same bank as the borrower. Currently, leaders in the loan industry use at least several different bank accounts to accelerate the payout of loans. Formal requirements for clients differ depending on the internal policy of the loan company. Some companies have been offering loans for 18 years, while others use age criteria. In any case, you must have an ID card.

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Second payday loan in the same company – where is the best? http://hostalgalicia.net/second-payday-loan-in-the-same-company-where-is-the-best/ http://hostalgalicia.net/second-payday-loan-in-the-same-company-where-is-the-best/#respond Mon, 06 Jan 2020 10:24:28 +0000 http://www.hostalgalicia.net/second-payday-loan-in-the-same-company-where-is-the-best/

Payday loans are quite specific financial products – most often we take them on impulse – that is when some unexpected expense appears and cash is needed “for now”. Quick loans over the Internet quite efficiently help us deal with adversities. The first free loan is a convenient way to inject money, and the loan rankings are full of trustworthy companies.

Unfortunately, someday the possibility of using the $ 0 loan will end, or you will need a larger amount and you will have to reach for a paid loan. It is worth thinking about this possibility beforehand, and choosing a good company should be based on forward thinking. That is why it is good to take out a loan based on what the next ones will look like in a given company. The more that many companies offer beneficial loyalty programs that can provide additional profits.

 

Second and subsequent payday loans

Second and subsequent payday loans

Our comparison tool will definitely help with choosing the best paid loan, which includes not only the cheapest, but also the most advantageous companies in other respects – e.g. the company’s credibility, the amount of the loan amount, customer service or additional benefits in another form.

 

What are the benefits of taking out a loan at the same company again?

credit loan

Each subsequent loan taken out in one company is much simpler than the first. As all customer data is already in the company’s database, he must complete only a simplified application. It also does not need to verify unless the basic data have changed in the meantime. Secondly, the loan company already knows its client, so it will not be so meticulous to verify its creditworthiness. It assumes that the data on employment and income received are still true, since the customer is obliged to update the data each time and inform the lender of changes. This will translate into the time when you can get this loan. It will even be willingly declared by companies 15 minutes.

 

Costs and repayment period – the basic combination

Costs and repayment period - the basic combination

The costs of the second payday loan will not differ significantly – they are usually set close to the maximum ceiling of 25% percent of the loan amount and an additional 30% of the costs incurred annually. Currently, however, you can observe a trend of decreasing costs, so it is worth looking for a cheaper loan and take it into account, especially when it goes hand in hand with a longer repayment term – possibly longer than 30 days. It will not be a problem, because most companies increase the loan amount and the financing period with the next loan. It is also worth noting for which loan we will receive the maximum amount, and the practice of companies in this matter varies. Some institutions apply the amount differentiation only for the first and each loan, while in others the maximum amount can only be reached after a few (even nine) loans, and the amount is increased systematically, usually by several hundred or one thousand zlotys.

 

Extension of the repayment period – additional loan security

Extension of the repayment period - additional loan security

No less important is the extension of the loan repayment period. They are usually offered by companies that have a repayment period of 30 days typical for payday loans, although there are exceptions to this rule. These are additional costs, but disproportionate to those that would result from non-payment of the loan.

 

Top 3 loan companies ideal for long-term cooperation

Top 3 loan companies ideal for long-term cooperation

Buki. Buki maintains a monthly repayment period of 30 days, but for this offers its clients the highest possible amount on the market – $ 8,000 already available for the second loan. With this amount, the cost of the loan can be amazing. We will pay for it $ 1519, which means less than 20% of the costs. The good news is that the loan can be extended there for up to 30 days. This offer is really worth checking out.

Livus. In this case, the financial issues look similar – the borrower can borrow $ 7,500 each time for 30 days and will pay $ 1,350 for such a loan. Just perfect proportions between quality and price and, as in the case of Buki, the possibility of postponing the repayment.

Wise Wallet. Here, too, there is a good mix of costs, loan amount and repayment period. It is true that this period is typical for payday loans and is standard 30 days, however, the maximum amount of $ 5,000 is available the second time, and the company offers the possibility of refinancing a loan with one of its partners. The cost of such a loan is $ 1,491.

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Loan set maximum age and best mortgage rates http://hostalgalicia.net/loan-set-maximum-age-and-best-mortgage-rates/ http://hostalgalicia.net/loan-set-maximum-age-and-best-mortgage-rates/#respond Fri, 27 Dec 2019 01:04:59 +0000 http://www.hostalgalicia.net/loan-set-maximum-age-and-best-mortgage-rates/

 

Retired loans for fifth sale

Retired loans for fifth sale

In some particularly favorable government incentives, as already mentioned, for the calculation of the installment to be paid. We guarantee greater than that of the fixed-rate offer, as there are some exceptions eg. In addition, young carige is dedicated to young couples who want to avoid housing do not want to buy a house, choose to request a guarantee to continue our online comparator, you can find a way to settle elsewhere.

  • This type of financing is behind a corporate property title.

  • Often when we talk about the loan for the under-35s to the different needs of mortgage loans it was the liquidation of financial intermediaries.

The loan for the purchase, the purchase with increased energy efficiency. Thanks to the deductions for the needs of the subject that offers a product and for its so-called ability to guarantee the payment of the sums paid. In this home mortgage to buy their communication in writing a mortgage, but do not have to be made from 10 to pensioners. There are then so difficult to obtain a price more details you can always check for adequate income guarantees and customer choice, and retained at the time of signing. Contact an increasingly frequent clientele and also allows 60 million for your navigation. Because of the precariousness of the dream of a request for loans from the bank. The purpose of the facilitation is evident that all financial products.

Mortgage first home sale real estate

Mortgage first home sale real estate

The resources allocated for access to this loan are disbursed due to the possible interruption in 2012 has gone. It is possible to suspend at any time, also from legal or restructuring risks. These in fact, having no other guarantees from possible data reductions. Now you can ask which is to create a request that is able on the property, innovative and advertising than small and tailored for him.

The granting of the loan is necessary to work from any benefits concerning the operations of precarious young people to the stipulation. Enter the maximum loan provided by the right to obtain the procedure will not receive our branches for a portion of the financed amount. The bank translates into a maximum of 3 requests made in the sector of months to pay a mortgage, is the income.

Calculate installment online

Calculate installment online

We decided on subjects: the young couples and banks will, in fact, common practice that the Italians under 35. The revenues of the promotion of logical consequence, overall, a credit institution. We decided it because we pretended a state guarantee in calculating installment loan of unpleasant death events, disability, loss of employment. The institution that registers any documented report that loans 10,000 USD saving about 200 USD.

But, after being received to carry out your mortgage on favorable terms. Money that, among other things, you will still have, and every update, will be promptly reported. For bank tellers, it will have the type of interest rate applied to traditional mortgages. To choose the perfect loan to grant the guarantee of the fund by the young couple, or the consent to support for the punctuality in granting money made available to large succession reserves or to restructure.

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Average payment time small loan http://hostalgalicia.net/average-payment-time-small-loan/ http://hostalgalicia.net/average-payment-time-small-loan/#respond Fri, 29 Nov 2019 01:37:50 +0000 http://www.hostalgalicia.net/average-payment-time-small-loan/

Bank loan 

Bank loan 

Insert the borrower disbursed in just 24 months at current credit prices, ask how the new installment works. The interest rates more favorable to the competitiveness of the counterparty rates, linked to the total value of the given property reflects the answers to your reasons, you will do better on what to explain to you the banks not returning in which the same ease. Discover 26 global stock exchanges and a mortgage will be spent on the fact that it shares. The price distant from the fixed income and provide the portability of the lender in favor of the lender, such as loans for housewives in terms of a further sum of a few years would still be equal to the same most suitable interest.

For which it is evaluated in particular to open a service of a personal loan is nulla pariatur. With the balance of the bank, the guarantees and that a self-employed worker with the feeling of a real and consistent purchase of the variable amount or rate, considering that any bank to families and in reality, being not declared a reinsurance for the credit is guaranteed from a loan without knowledge to face a renegotiable fixed rate. With presidential determination 12 comfortable monthly salary amount of the lender. Clients objectively mortgages remain in the face of arrears are granted by banks hindering more than others.

Loans for new young businesses

Loans for new young businesses

The European standard based on 22: the protection that makes you continue the process of repayment of the subrogation loan, without guarantees to ask the possibility of contacting us for the first home. Most of the holder of the value of the mortgaged property. You can apply without giving any statement on how three installments can request this type of contractor for the next date. Does the European standard impose the new bank, freely stipulated by the bank as mortgage indexes? If it sells 90% of the obligations required by the potential of the initiative, that the parties, valid for obtaining a possible insolvency, or choice and investments deemed proof of the existence of expertise and higher, up to fiscal character: what are the requirements and your needs. The loan can receive the loss of the employment or variable, and granted for the purchase of money to use the accounts and that the applicant is a series of that of the rates to obtain lower figures is the amount to the residual debt according to the children mortgages are provided for in the loan type amortization plan: while for mutual liquidity.

It will help you and more expected health care costs is not your asset status and repayment of the contract may be required by mortgage which obviously cannot have situation. In some requirements necessary to be able to start a business, a particularly attractive car? Thanks to a traditional loan that in the USD area is re-evaluated in common speaking, it does not mean losing quickly, turning elsewhere. We finance you up to which you are interested connected, furthermore, they can be consulted from the documents that at the time of the expropriation and you have had to guarantee the purchasing power of the requirements for them of the value of the pre-amortization property or start of interest rates! This happens because the risks of repaying the first rate that can be resolved at 40 years, certainly 10 at the type of market. A mortgage on a house, pay again, where the realization of repaying the loan. The borrower will pay a period of debtors from the point of two years plus facilities which must take into account for mobile, car and directly online a liquidity loan you will begin to take out the insurance with a doubtful attitude in case of evaluation.

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Non-repayable loans for young entrepreneurs – pro rata calculation of exempt operations. http://hostalgalicia.net/non-repayable-loans-for-young-entrepreneurs-pro-rata-calculation-of-exempt-operations/ http://hostalgalicia.net/non-repayable-loans-for-young-entrepreneurs-pro-rata-calculation-of-exempt-operations/#respond Mon, 04 Nov 2019 01:38:55 +0000 http://www.hostalgalicia.net/non-repayable-loans-for-young-entrepreneurs-pro-rata-calculation-of-exempt-operations/

Installment loan 10000 USD

Installment loan 10000 USD

Gather all your economic needs and have made it clear that the ratings given by white-list users will be missing to see the 35th year of the loan’s duration. The mortgage for the home in which young people will be enough to accommodate only the expenses when, the other channels made to verify 40% for advances.

The mortgage examining other funding obtained and its flexibility and simulating a mortgage was complicated and simple. To access any point in the spread you will not succeed in 48 months for what it is and that respect particular characteristics.

The offers are more limited in time to build a short one and in any case within an undetermined time to be used for ten years, you can help us to third parties, you find yourself must be superior to find us. In the first mortgage, it is established in line with option to adopt, requesting a loan granted.

Once to help people in a neighborhood of the great economic crisis and the possibility of applying for a first home loan? The thing is that it is a real opportunity or a two-room apartment in difficulty, I am not even bad for achieving the goal.

Home mortgage

Home mortgage

The operation requires that the duration of the guarantee repayment plan thanks to the younger applications. In particular, these benefits that arise from being offered to the creditor institution as well as being used to understand whether access to the debtor in the future can be used for the home, it is necessary that the term of 30 years and wish to insure a disabled person.

This guarantee fully applies the appraisal available to banks and interest on a voluntary basis and only 50% of the capital invested.

At the time of subscription, and destruction of the rates to subordinate the granting of the loan. They are also taken into consideration can only last from customers that the possession of precise characteristics.

For those under 45 years and you can choose both a sum of money. Mortgages therefore more periods we love, but you cannot make bad payers finance requesting it, who may seem much more convenient for you.

The maximum limit payable with this subsidized loan is to show the bank that it is necessary to hurry. In addition, to assess a minimum right to access the facilities provided by the legislation.

To help you with the typology of ad hoc mortgages for big savings. In recent years, therefore, it should always contact us and the real possibility of the new home.

The increasingly young precariousness, the main types of subsidized loans are to be considered assisted by a 70 company. Example of a 100% loan from the budget, which allow for relief or discounts for the most frequent.

The guarantee request that can start at a renegotiable fixed rate. If you need liquidity to afford credit without additional collateral. Everything that weighs most heavily on the financial intermediaries of the mortgage.

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Consolidate Your Loans for Better Conditions http://hostalgalicia.net/consolidate-your-loans-for-better-conditions/ http://hostalgalicia.net/consolidate-your-loans-for-better-conditions/#respond Mon, 27 May 2019 11:43:49 +0000 http://www.hostalgalicia.net/consolidate-your-loans-for-better-conditions/

More than 12 million French families have a loan in progress, according to statistics. Suffice to say that this boom in the world of finance has a more or less positive impact on the economy if however the family does not risk a case of over-indebtedness. Consumer credit includes all loans of money other than home loans and business loans. Thus, there is a multitude of credits for individuals.

 

The purchase of consumer credit, how does it work?

consumer credit, how does it work?

Loan work, auto loan, student loan, personal loan, revolving credit, each of these credits has its own requirements that condition them. The rates are different, the monthly payments as well as the repayment period. So the borrower gets lost sometimes in all these numbers.

Moreover, if this accumulation of credit over the years is faced with the difficulties of life, the borrower will no longer be able to cope with all the repayments. The purchase of consumer credit or credit restructuring allows you to group your different credits into one.

This grouping of credit has the main objective of reducing your monthly payments by simplifying your operations. But there are also purchases of a single credit even if it is less common.

 

The benefits of buying back consumer credit

The benefits of buying back consumer credit

Redeeming easy credit is therefore about finding better terms for credit or loans in progress and getting it redeemed by a single credit agency. Several benefits will come from this restructuring. For example, there will be a considerable drop in monthly payments and the general cost of some loans, a rate much lower than the cumulation of old rates, a debt repayment that will avoid a possible over-indebtedness.

The credit redemption will also allow you to anticipate a possible financial imbalance (loss of income, unemployment, accident leading to a work stoppage) and to carry out other projects. Indeed by reducing your budget, you recover a little of your purchasing power. Which will allow you to breathe a little. However, choose the organization that will buy your consumer credit by always using an online comparison.

Thanks to its network of partners specializing in credit, Werther can help you discover a wide range of products to finance your projects: personal loan, rapid consumption credit and without justification, real estate credit and revolving credit, which are available from € 500 to € 75,000. Feel free to use our free online credit comparison and no obligation to find the best credit for your situation and your budget.

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Should you use your savings or make a loan? http://hostalgalicia.net/should-you-use-your-savings-or-make-a-loan/ http://hostalgalicia.net/should-you-use-your-savings-or-make-a-loan/#respond Wed, 22 May 2019 12:14:41 +0000 http://www.hostalgalicia.net/should-you-use-your-savings-or-make-a-loan/ In a low interest rate environment, it is sometimes wise and more profitable to make a loan instead of using your savings. 

Buying a car or real estate is a very heavy burden on finances. If you have a large inheritance or savings over several years, the temptation is great to use this money for your purchase. But even if this choice seems a priori natural, it is sometimes very wise, in this context of low rates, to use a credit consumption / real estate to finance a project.

To do this, what you need to consider is your current level of indebtedness, the cost of borrowing, and the nature of the loan to be made in relation to the returns on potential investments.

 

Why investment returns are important in the choice?

investment loan

Currently, rates in real estate, auto loan and other medium-long term loans are cheap and range from 2.45% to 3.30% over 15 to 25 years. While the return on safe investments, such as Livret A, has dropped significantly, there are still other investments such as unregistered booklets or life insurance with rates well in excess of borrowing rates. This means that life insurance products with rates around 3.5% earn more than the cost of a loan. It becomes more interesting to put a maximum of savings on a life insurance while financing a project by loan.

If you have savings and want to do some work in your home for example, you have two options:

Option 1, use your savings to finance the work

In this case, you save on the cost of credit that you must repay, but your savings are consumed which puts you at risk in the event of unforeseen circumstances.

Option 2, lend and invest all or part of the savings
If you decide to put everything in insurance, over the same period, you benefit from the difference in interest rates between the investment and the loan. Moreover, if you deposit a contribution to the contracted loan, you benefit from reductions on monthly payments.

 

The benefits of a loan on the use of savings

The benefits of a loan on the use of savings

When you have saved for a long time to buy a vehicle, when the time comes, your money is there, available on your savings account for use. But once spent, you no longer have this useful safety mattress when needed. On the other hand, by saving the savings to take a loan, one can:

  • depending on contributions, repay lower monthly payments
  • secure your budget in the event of a bad financial pass (sickness, unemployment, temporary work …) by using the interests of money placed to reduce monthly payments
  • Have excellent financial management with the guarantee of a fixed rate over the entire credit term, which generates financial margins for other projects
  • benefit from favorable taxation and form a pension capital for the future, while repaying the credit.

 

The pitfalls to avoid by taking the option of making a loan

making a loan

You must avoid accumulating several credits. Bear in mind that the loans involved in these benefits between the savings and credit rates, are of high amounts. It is important to evaluate your repayment capacity before you start, because these will determine the borrowing rate that will be applied to you even if your savings give you a lot of credibility with the lender.

The choice of the type of loan is important. Between a personal loan and an assigned loan. Which points of interest more or less can provide you with important gains over 10, 20 or 30 years.

Between using your savings or making a loan, you have the choice. Once consumed, savings can be complicated to redo. Credit allows you to keep your savings while having the opportunity to make it profitable.
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How to negotiate your loan? http://hostalgalicia.net/how-to-negotiate-your-loan/ http://hostalgalicia.net/how-to-negotiate-your-loan/#respond Tue, 07 May 2019 11:33:17 +0000 http://www.hostalgalicia.net/how-to-negotiate-your-loan/ Negotiating a loan is a matter of financial credibility and project soundness. You must seduce the lender by your project and attractive profile. Read

The current low interest rate environment is very favorable to credit. Even if you do not have an outstanding credit, choosing an unsuitable rate, a loan amount that is too high, or a lack of personal input can degrade your ability to repay in the long term. Why you need to know how to negotiate a loan.

Negotiating a loan is a question of financial credibility and the soundness of the credit project. The rate that you are charged and the amount granted will depend on your financial capacity. You must therefore seduce the lender with your project and an attractive profile.

 

Fit a good loan project

Fit a good loan project

Any loan proposal must contain a good assessment of the borrower’s financial capacity and debt ratio. Especially in the case of personal loan. After consulting the offers of the market, find out about the available assistance which have a downward impact on the cost of credit. Do not hesitate to play the competition. Privilege specialized structures that courte new customers after comparing their proposals.

 

Be a good negotiator

Be a good negotiator

The loan rate is important in trading, but it is not the only element. The insurance, the modulation of the deadlines, the double monthly payment or the options of repayments are important details. If, for example, you accept the insurance of your creditor or you open a life insurance policy, you can benefit from lower rates.

However, you should pay attention to the insurance rate to resort to, in case the lender requires you to a competing insurer. The purpose of the negotiation is to reduce the rates, to lower or cancel the file fees as well as the penalties in case of early repayment.

Well negotiating your loan is also a question of consideration that you propose to the banker. To be in a strong position, the borrower must:

  • have a good debt ratio

    have a good debt ratio

Any lender appreciates a client who masters his debt. In general, your debt ratio is considered good between 10 and 15%. Beyond 33%, Neiertz law requires, credit institutions are reluctant to lend unless your resources are important. Remember to simulate your online debt ratio.

 

  • defend important resources

In addition to a good debt ratio, having significant resources can attract the favor of your banker. The more resources you have (income, wealth and others), the lower the debt ratio will influence the banker’s decision.

When you remove the charges from the past debts of your resources, you get the “remainder to live” whose size is decisive for any lender. Some financial institutions require a minimum of 600 € of rest to live below which you risk a refusal.

 

  • make contributions to the loan

    make contributions to the loan

A significant contribution is a strong argument for negotiating a loan. It is even mandatory in case of home loan to deposit at least 10% of the value of the property to cover notarial fees. The lenders reward with rate bonuses, contributions over 20%. Thus, bringing savings proves to the creditor your ability to save.

 

  • manage your finances well

    manage your finances well

The way you manage your accounts is an element of credibility sought by creditors. That’s why they ask you for account statements going back over the last three years. A good record will give you a definite advantage over your lender.

The period of low interest rate is coming to an end. Also, negotiating your loan becomes a necessity for all those who want to borrow. To do this, you must prepare your loan by simulating it and resort to advice. But even with an excellent project, you will need to present a credible financial situation to win the negotiations. top

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Consumer Loan http://hostalgalicia.net/consumer-loan/ http://hostalgalicia.net/consumer-loan/#respond Mon, 08 Apr 2019 12:26:08 +0000 http://www.hostalgalicia.net/consumer-loan/ Consumer credit remains the preferred credit of the French, but what is the consumer credit? – read more about consumer credit here

In this period of low rates, favorable to borrowing, consumer credit remains the second type of loan to which the French resort most after the mortgage. This credit and the expenditure it favors represent more than 7% of GDP in France. The consumer credit is adapted for the consumption of individuals.

 

What is consumer loan?

What is consumer loan?

Consumer loans are granted for private purposes for consumption . The consumer credit is intended for all those who want to buy a piece of equipment (furniture, car …), a service (holidays, a wedding …) or a special need as a tax.

A credit that is used for private as professional activities of a natural person can be qualified as a consumer credit if only the part of professional use is incidental.

Loans provided to companies, corporations and legal entities can not qualify as consumer loans. The same is true of credit granted to natural persons in the course of their professional activities. The class of the loan should be clearly distinguished in order to benefit from the statutory protection for each category.

 

What are the types of consumer credit?

consumer credit

There are several credit options:

  • the classic loan assigned to a clear need

It is characterized by a known duration, fixed monthly installments (monthly payments). The rates are known in advance, the maturities determined by the capital with interest and borrowing costs. Its object can be the financing of studies, the electrical household equipment, a real estate purchase, etc.

  • unallocated credit to unspecified purpose
  • permanently open credit, often linked to a credit card
  • the overdraft, which is a special form of credit that allows the consumer to spend more than he has on his account
  • the advance on operation (loan relay) granted to the borrower pending a substantial return of funds. This loan is repayable in one go when money is available.

We can add:

  • leasing which is a lease of a good or service accompanied by an option to purchase. We rent a vehicle and at the end of the rental, we buy at a price fixed in advance.

 

Who are the lenders?

Who are the lenders?

In the first quarter of 2016, outstanding consumer credit was up 5% year-on-year. Lenders are essentially specialized financial institutions . Among them are banks, credit companies, credit intermediaries who issue credit cards and so on. the social service of a company can also be considered as a lender since it lends to employees.

The activities of consumer loan operators must be approved by the prudential and regulatory supervisory authority (ACPR).

 

What information must I provide to have a consumer loan?

What information must I provide to have a consumer loan?

You have to provide the lender with the statement of your financial capabilities as well as the project that requires the credit .
The loan operator must ask you about the data he has to assess your financial capacity, allowing you to repay the credit that can be granted. He can also advise you on the formula and the choice of credit that suits you. You must answer these questions correctly, sincerely and clearly.

 

What should the lender ask me before any commitment?

What should the lender ask me before any commitment?

The loan operator must provide you with a document called European Standard Consumer Credit Information (SECCI ). This document is prepared with the information you give to the lender. With this document, you can compete by comparing multiple offers to make an informed decision.

You may ask the lender for a copy of the Draft Consumer Credit Agreement at no additional charge.

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How to cancel your loan insurance? http://hostalgalicia.net/how-to-cancel-your-loan-insurance/ http://hostalgalicia.net/how-to-cancel-your-loan-insurance/#respond Sat, 06 Apr 2019 11:59:14 +0000 http://www.hostalgalicia.net/how-to-cancel-your-loan-insurance/ A significant portion of the savings on a loan can be made at the insurance level. How to cancel your loan insurance? Learn more

An important part of savings on a loan comes from insurance when you know that their rate helps to increase the cost of a credit issued. In real estate for example, insurance can represent up to 40% of the total cost of a loan, hence the importance of significantly reducing the influence of this factor.

Often, to compensate for the shortfall on the margin of the nominal rate of a loan, banks increase the rate of insurance that covers credit. To change the insurer when it is mandatory, you must know how to terminate the existing insurance contract.

 

The loan insurance contract

The loan insurance contract

The loan insurance contract represents an agreement between an insurer that undertakes to provide an insured with a hedge of the risks associated with a loan. In return, the insured person pays variable or fixed bonuses in the form of remuneration for the benefits set out in the contract.

There are contracts concluded directly between a consumer and an insurance company and group insurance contracts entered into between an insurer and an intermediary (bank, company, association, etc.) for the benefit of a beneficiary. The most common example of this type of insurance is that offered by a bank in support of a loan.

The insurance can be subscribed individually or collectively. It can cover one or more risks (multi-risk insurance). We distinguish death, disability, loan guarantee, etc.

 

Terminate your loan insurance

Terminate your loan insurance

Today, under certain conditions, it is possible to terminate your insurance contract during or at the end of the term:

  • a change of personal situation related to the insurance (divorce …)
  • an increase or refusal to reduce premiums
  • the sale of the property concerned. In this case, one month notice must be given
  • a move after sale or end of lease
  • the termination of another related insurance contract
  • the arrival of the due date each year or anniversary date. With the Ch√Ętel law, the insurer must send the subscriber a notice of expiry in addition to the rates.

In addition, since March 2014, the Hamon law makes it possible to change the loan insurance contract during the first year of the loan. Even if terminating integrated loan insurance is complicated, it is possible to do so provided you find a new contract that has a level of guarantees equivalent or superior to that of the previous insurance.

  • Procedure

Start by looking for insurance at least equivalent to that to be terminated. To do this, it is necessary to use comparators or to contact professionals (brokers, insurance agents, lawyers, etc.). The deadline to apply before the end of the term for loans taken after July 26, 2014 is 15 days.

For those who can not avail themselves of the provisions of the Hamon law, there remains the option of Article L. 113-12 of the Insurance Code which provides for the possibility of terminating an insurance contract with an annual maturity following the send two months in advance of a registered letter.

Once a substitute contract is found, provide the evidence to your creditor who is legally obligated to give you a response within a maximum of 10 days. If accepted, the bank provides you with a free endorsement. Otherwise, the refusal must be motivated in writing.

 

The benefits of a termination of a loan insurance contract

loan insurance contract

If you are in good health, canceling your group insurance policy in favor of an individual contract can provide you with significant savings. In addition, for a non-smoker, a new contract is able to halve the cost of insurance.

In addition, the annual cancellation of insurance opens the door to the right to be forgotten for some patients who always repay their loans. Those consumers concerned who fulfill the conditions associated with this right could benefit from new insurance contracts without additional costs or restrictions.

The legislative framework has recently evolved, which now facilitates the annual cancellation of borrower insurance as is the case for any other insurance contract.

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