Archive September 2019

Zero percent financing

When buying high-priced products, a zero-percent financing is often offered. Pros and cons of zero-percent financing for electronics. Zero-Percent Financing Compared to Car Loans – Car buyers should consider this with special offers from dealers. Frequently one hears providers with a zero percent financing lure. A zero-percent financing makes it allegedly possible.

Installment Loans Why zero-percent financing can be risky

Installment Loans Why zero-percent financing can be risky

In the pick-up market of the furniture store segment müller our customers can pay for their new couch or kitchenette in up to 72 monthly installments – without interest on the installment loan. Not only for furniture stores, the zero-percent financing is expanded. In particular, the furniture trade, but also the consumer electronics stores have recently made it increasingly clear that the new purchases can be paid by the customers in relatively small, non-interest-free installments.

While zero-percent funding used to take two years, traders today are performing better with extra-long mileage: recently, the media market and Saturn had been offering for 60 and 5 years, respectively, and furniture stores such as the United Kingdom. B. Segment Müller or Harddeck for six years. If a consumer took out a consumer loan from a house bank to finance his electrical appliance or piece of furniture, a similar deadline would quickly result in a drop of seven percent per year, despite the low interest rate phase.

With zero funding, these expenses are eliminated.

With zero funding, these expenses are eliminated.

“This is already a considerable discount for the client,” says Dr. med. Mark Nider, Managing Director of the consulting and analysis company AGAGAGVHG Barkow. Such offers the trade “a good marketing story” for customer acquisition. When does such a bid make sense for the end customer? A zero-percent financing initially makes sense for consumers if they do not want or can not pay the goods directly.

“This can be the case, for example, if you currently have a financing bottleneck, but absolutely need a specific system such as a new machine,” says Stéphanie-Heise, finance specialist at the NRW Consumer Center. However, beneficial financing does not necessarily mean that the purchase price itself is a price bargain. “The customer should always make the price comparisons and check that the goods are available from other suppliers in cash and without zero percent financing, but at lower prices,” he recommends.

If you complete a zero-percent financing over several years, not only will you have a cell phone in your hand, but you will also be in debt longer term. As the duration of a credit agreement increases, it is even more difficult to estimate whether the lease payments can be serviced in any case – or whether other purchases have to be made at once and an unforeseen additional payment or repair jeopardizes the leasing rate.

In addition, with smartphones or console games, the question is whether the device will be intact in five or six years. What are the requirements for zero percent financing? For some traders, even small, thirteen-digit amounts can be financed for very long periods without interest; for other providers, this only applies to the higher order values.

The traders remain on a small scale only with appropriate creditworthiness to terminate the contract. This means for customers: “You should weigh how often and for what purpose they receive rates,” he says. Which customer is our partner? Although consumers make their new purchase from the retailer, they usually sign the loan contract with a house bank cooperating with the retailer.

â € œThe benefit for the banks: they won new buyers without much adver- tising effort, and in the best cases, they would end up with other goods from them as well. Consumers should be aware that zero contract financing involves two parties. If, for example, defects in the purchased item occur, this may result in the customer having to continue the payments until both parties have clarified the matter.

Home savings calculator from a build society loan.

 

Home savings contract

Home savings contract

A home savings contract always consists of two elements. On the one hand, there is the savings contract, which earns interest from the building society. On the other hand, there is a building society loan, which the building society grants to the saver at a later date.

The contract contents, ie the two elements of the home savings contract, are determined in advance and are mutually dependent. In other words, if the loan is granted at a low interest rate, the return on the savings contract is accordingly low.

Building society savings are supported by the employer’s capital contributions and subsidized by the state in the form of the housing premium.

Operation of the home savings calculator

Operation of the home savings calculator

The monthly installment must amount to at least three per thousand of the total Bauspar volume including loans. The employer’s capital contributions are around 25 euros in most sectors. The credit interest rate is the interest rate that your building society gives you on the capital saved.

The home savings calculator calculates the credit balance from your own savings, the employer’s capital contributions, the interest and the housing premium. The term determines the saving phase and not the entire contract term.

Your marital status affects certain promotions. Under comparable conditions, married persons earn a slightly higher credit balance.
The income limit is crucial for funding amounts and is for unmarried home savers at 25,600 euros. For married couples, the income limit is 51,200 euros.

The financial calculators provided on this portal under the section Computer Collection are own developments that have been constructed strictly according to regular formulas of financial mathematics. Nevertheless, the results serve only as guidelines and orientation. We assume no liability for the correctness. Are you interested in the calculator as a white-label solution? Please feel free to contact the editors.

Debt restructuring despite credit bureau – now finally replace expensive loans! – Loan consolidation

With a rescheduling despite credit bureau, existing loans and loans can be replaced even if the credit bureau actually speaks against further borrowing through the house bank. Existing loans and liabilities can be combined with a rescheduling under some circumstances, even with a negative entry in the credit bureau simply to a new, favorable credit.

However, lending with the cheap offers of the branch and direct banks is only possible if the borrower passes the credit check. If one’s own credit rating is too bad to receive a rescheduling loan from the bank or a direct bank on the internet, one can fall back on loans that are awarded despite negative credit bureau. Because a sufficient income and a credit bureau entry are not necessarily mutually exclusive.

We show you the best banks for a rescheduling despite credit bureau and what you need to know for a successful replacement of existing liabilities and old debts. Even with a loan without credit bureau old loans can be reclassified and combined into a loan amount.

With a debt rescheduling loan, which is also awarded to negative credit bureau, you can easily replace even with deficiencies in creditworthiness expensive loans. The loan is provided by Credither (known from advertising).

When is a loan remission worthwhile?

When is a loan remission worthwhile?

A rescheduling despite credit bureau can pay off

A rescheduling loan despite negative credit bureau makes sense only if at the end of a significant financial relief results. After all, money should be saved and your finances should finally be clear again.

This is important, as the loans in question can not keep up with the interest rates of Sparkasse or Targobank. However, loans from these banks are only awarded to consumers with an impeccable credit bureau and therefore top creditworthiness.

Loans for rescheduling despite credit bureau are generally much more expensive than installment loans from direct banks. But they can still be cheaper than existing loan agreements from the past. Here it is exactly to count and in case of doubt you should hire a credit intermediary with the credit search. Then you can be sure that the loan is approved for loan repayment and rescheduling despite credit bureau is possible and useful.

So you go with a loan debt despite negative credit bureau right

So you go with a loan debt despite negative credit bureau right

In the run-up to rescheduling, it is important to determine how high the transfer fee actually has to be. If the sum is not apparent from the existing loan agreements and documents, the lender must be contacted by e-mail, by post or by telephone.

The amount of the new loan should not be higher than necessary. In this way, the goal of finally becoming debt free can be achieved faster and more effectively. Many consumers are tempted to estimate significantly more loan amount than is actually needed.

If it is necessary to replace several loans, then the outstanding amounts of credit must be added. One should also inquire about possible prepayment penalties and include them in the amount. An exact credit comparison provides information about which interest rate, which term and at what rate is to be expected.

Tip: Balanced checking account with balance

In the course of a planned rescheduling you should also equal an overdrawn current account in the amount to be redeemed.

If the limit allowed by the bank is constantly exceeded, the interest rates for the Dispo are much higher than for a installment loan, despite credit bureau.If the account is balanced, you as a customer finally liquid and solvent.

One consideration would be to cancel the discretionary loan altogether, or at least to reduce it to a low sum with a debt rescheduling loan.

Improve your own credit rating with a loan reminder

Improve your own credit rating with a loan reminder

Save money with a debt repayment loan

Private households are taking up more and more loans. In addition to the traditional loans from banks and other credit institutions, installment payments are often used by dealers and mail order companies.

As a result, many consumers need to serve multiple loans simultaneously. In addition to the availed disposition credit and possibly a Teilzahlungsfunktion the credit card, then the monthly burden is always larger and confusing.

In order to keep track of his monthly installments, we recommend rescheduling all existing liabilities into one sum.

In addition, the monthly interest burden can be significantly reduced with a new loan with low interest rates, thus increasing one’s own credit rating. Every detached loan means fewer entries in the credit bureau, and over time you can get back to a good score value and thus a better credit rating.

Due to the currently existing negative credit bureau, it is no longer all credit institutions that are willing to grant favorable debt rescheduling loans. We show how and by whom they receive a reputable rescheduling loan even with negative credit bureau.

Choosing the right loan broker for a debt rescheduling despite credit bureau

Choosing the right loan broker for a debt rescheduling despite credit bureau

When rescheduling despite credit bureau it is almost always useful to use the services of a credit intermediary. There one knows best how much credit is necessary and from which partner bank this is assigned.

In the choice of credit brokerage, it is important that he forgives the loan for debt restructuring with negative credit bureau entries. In these and in credit bureaufreien loans, there are unfortunately still dubious intermediaries on whose unserious machinations still fall consumers.

The rescheduling loan must be available free of charge and without obligation. Pre-payment and advance payment are not common. Good advice is also extremely important as each individual borrower has different needs for a debt restructuring loan.

While one customer may need a payment break when needed, other borrowers value the possibility of early repayment of the loan.

In many cases, competent advice is useful only by phone. A credit intermediary should therefore be cheap and well reachable by phone or by e-mail.

Why do banks reluctantly forgive a loan for debt restructuring?

Why do banks reluctantly forgive a loan for debt restructuring?

Existing debts and liabilities resulting from borrowing and borrowing creates a bad credit rating, ie a reduced creditworthiness, which makes it impossible for a bank to approve a loan.

The data stored at the credit bureau provide information about the purchase and payment behavior of a person. Likewise, banks and other companies can get an overall view of the complete financial situation of the loan seeker.

This can have a positive as well as a negative effect on the granting of a loan. In many cases, the credit bureau prevents many people from taking out a loan. Thus, the rescheduling and thus the chance to start a better future fails.

Loose credit with negative credit bureau

Loose credit with negative credit bureau

Even with negative credit bureau you can replace a loan

Basically, it does not matter if it is a normal installment credit of the house bank or a Umschulden despite credit bureau. The most important prerequisite for a positive credit decision by the bank is the creditworthiness of the customer.

Proof of income in sufficient amount serves the lenders as evidence of creditworthiness. The applicants signal that they can easily repay the loan installment monthly. A clean credit bureau and the income from a permanent employment actually always results in a commitment of the loan application.

But there is also the possibility to receive a loan with negative credit bureau. These are then not provided by German banks but by lenders from abroad. These can be applied for by persons from Germany via credit intermediaries. You can only replace it with a loan if you receive the new loan with favorable conditions.

Banks for a rescheduling despite credit bureau

Most of the banks eligible for rescheduling despite credit bureau are based in other European countries. These include countries such as Switzerland, Liechtenstein and Austria.

Many of these banks and lenders are completely unknown in this country. The best known bank is probably Soulcredit Bank from Liechtenstein. This provides loans without credit bureau up to an amount of 7500 usd for customers from Germany.

It is not easy for loan seekers to contact these banks. This is also due to the fact that they do not operate a private customer business. They only allocate funds to customers via credit intermediaries.

Credit intermediary as interface between bank and customer

Credit intermediary as interface between bank and customer

In order to receive a loan for a debt restructuring despite credit bureau entry, the involvement of a mediator is necessary. These establish contact between the lender and the borrower and take care of the settlement.

The big advantage of this method for the prospective creditors is that they only commission their credit application once and receive the best offer from over 20 banks.

The loan offers obtained correspond exactly to the profile of the customer and vary depending on the creditworthiness and intended use. In any case, the overall economic situation of each prospective buyer will be scrutinized and customized loans will be presented.

The loan seeker decides in peace whether he wants to accept this or not. Initial costs and processing fees are not incurred at first. Only in the case of an actual loan payment, the intermediary receives a commission, which is already included in the monthly loan installments.

Swiss loan as a possible debt rescheduling loan

If a loan despite a negative credit bureau is not possible for a planned rescheduling, the last option offered is debt-free loans. These are widely known as Swiss Credit.

The loans do not always come from Switzerland but from numerous European banks. The best and best known credit broker for a Swiss loan is Munsey. This provider has by far the best contacts to all possible donors.

Here is almost always a cheap loan for debt restructuring available. Of course, always provided that the income situation is sufficient for borrowing.

Personal loan as an option for a loan for debt restructuring

Personal loan as an option for a loan for debt restructuring

When lending, banks and savings banks strictly adhere to internal guidelines and the data stored at credit bureau. Poor credit there almost always means a rejection of the loan request.

Things are different here with personal loans. Here, private investors, ie real people and not automatic, decide if they take the risk and support the loan.

With higher credit risk, they also receive significantly higher interest rates. This means that investors get more return than traditional investments such as overnight money or time deposits.

A well-presented and extensive loan application is often supported in many cases. The important thing is to put all the cards on the table. The solvency must be proven in any case.

Debt restructuring despite credit bureau and Cretz

We know of no cases in which a rescheduling was possible despite Cretz possible. The receipt of unemployment benefit 2 means at the same time that the existing monthly income just covers the subsistence level.

The amounts paid by the Job Center and the Employment Agency are not attachable, so that no financial guarantees can be provided for the loan application.

If you urgently need money in this situation, you should ask friends and relatives for help or have a second co-applicant apply for a loan. The same applies to recipients of unemployment benefit 1.

Debt restructuring despite affidavit

Unfortunately, many people are unaware of the implications of filing an affidavit. Only if you want to take a loan and is rejected because of negative credit bureau, you can see the consequences.

Usually one thinks one’s own credit bureau and one’s own income would have to be loose enough to get a loan or reschedule despite credit bureau. Unfortunately this is not the case.

A rescheduling despite affidavit will always be rejected. This process is stored in the credit bureau under the hard negative features. Once these are available, any borrowing will fail.

The credit bureau regularly polls independently the registers of the German district courts and notes the entries in their file. A debt rescheduling loan is therefore always rejected.

Conclusion on credit debt despite credit bureau

A rescheduling despite credit bureau can certainly make sense. Especially if you have a sufficient income from employment and can replace significantly more expensive installment loans, but also a car loan, through cheap loans.

We recommend a free and non-binding credit request for credit. Get rid of the expensive legacies today and get new financial freedom for your wishes.