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Loans

Do you want a loan?

Let’s ask a simple simple question: if you needed a loan to renovate, pay the university, buy a car or something else, who would you turn to? Discounted answer: to banks. Yet it is not always good to be dictated by habits, perhaps avoiding exploring new ways full of opportunities, both ethical and economic, such as private loans.

What is going on in the world

loans

In the USA, China and Europe social lending is progressively affirming (8.63 million dollars paid in the EU alone) of which Astro Finance is the main player in Italy. These are in practice individuals who lend money to other individuals through an online platform. Everyone earns compared to traditional returns or commissions. And everything is authorized by the Bank of Italy.

Sometimes trusting is good

To convince yourself to leave the comfort zone routine, exploring the new, just take a look at the conditions. With Loans from Astro Finance it works like this: whoever asks for it pays an interest generally 2 percentage points lower than the market average, defined on the basis of his credit profile and the duration of the loan. You can get a credit of one thousand to 15 thousand dollars and repay it in a period of between 12 and 48 months. The procedure is simple: there is no need to go to the branch, everything is done online and only once the application has been pre-approved (the answer is online), documentation is required to prove that you have an income (even part- time or permanent) and that the debt is sustainable.

The return to ethics.

Beyond the practical aspects, the social aspect of Astro Finance is also interesting. Like the whole sharing economy, financial social lending is also distinguished by its ethical and collaborative aspect. Here private individuals lend money to give it to those who employ them immediately, putting them back into circulation and thus helping the economic recovery. As a result, those who apply for and access a loan in Astro Finance earn not a bank but those who then feed the social economy again.

It is not a financial one

Astro Finance is not a financial company, or a company that offers credit to those who can no longer obtain it through traditional circuits. The selection of requests is deliberately very careful, and it is good to clarify it in the forums, just to protect the “social” aspect of the loan between private individuals. To protect the investments of those who lend money and guarantee them a good return, it is therefore necessary to remain below the average bank r ate of outstanding payments (in Astro Finance it is 2.5 per cent against 6/7)

Participating in a virtuous financial circuit, however, also protects against strange surprises.

Once upon a time there was the bank

money loan

The bank’s task was to make the money of the current account holders by investing it well, but the use of complicated and questionable financial instruments (see subprime and derivatives) has put both the economy and credit institutions in crisis. This is there for all to see. And the cash that is still struggling to be disbursed.

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Loans

Loan with bills: Find out the details!

The loan with bills of exchange is a personal loan guaranteed by one or more effects (bills of exchange). Loan loan with bills is a credit solution that is no longer used by traditional banks and financial institutions. In fact, there are rare cases where a lender grants a loan for sonale with the guarantee of a promissory note.

Loans were exchanged more frequently without ancillary guarantees

Loans were exchanged more frequently without ancillary guarantees

Therefore even a bad payer could have obtained new liquidity thanks to this credit instrument. As mentioned earlier, in recent years this loan has been almost eliminated and replaced mainly by the sale of the fifth. The latter is also a personal loan not known to all, dedicated only to employees and retirees. The assignment of the fifth bases its repayment by crediting the installments directly on the paycheck or on the pension slip. It is also an excellent solution for those who are reported in the database as a bad payer.

Loan with bills: who does it?

Loan with bills: who does it?

Many advertise loan with promissory notes immediately, loan with promissory notes online, but as mentioned above, this financing is almost no longer used by financial institutions. To date, our company does not deal with this loan, but in any case we have the opportunity to help customers also with problems in the databases. Many people believe that the solution of a promissory note is the only alternative to obtain a new personal loan, this is because they are reported in the Crif database as bad payers.

This is not the case with Astro Finance, employee of a private company for about 4 years. Astro Finance is one of our customers in Rome who for weeks had had the need to obtain new financing to meet important personal expenses.
When he turned to our company he was strongly unmotivated. “It will be yet another refusal,” he said to our consultant before instructing the practice. “I work for a SRL with only 20 employees and I have already tried them all”. Astro Finance works for a well-listed company, even if with few employees. He obtained the amount requested through the personal loan with the assignment of the fifth salary, therefore excluding the loan with bills (produced by us not treated).

If at this moment you need a new loan and are interested in a free estimate or simply a feasibility opinion, contact us now by filling out the request form on our site. Within 24 hours you will be contacted.

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Loans

Loans during parental leave – more difficult

Parental leave was created to incentivize family planning. Young families should be given the financial scope to enjoy the first time with their child. The parents’ creditworthiness was unfortunately neglected in the planning. Loans during parental leave are therefore suddenly more difficult than was suspected.

Loans during parental leave – banking

Loans during parental leave - banking

Parental leave is not a good timing to be creditworthy for larger investments. Family income is significantly reduced, although usually only for a limited time. The seizure allowances are getting dangerously close. Loans during parental leave are therefore only possible to a very limited extent from the traditional banking system. The house bank can help with a slightly increased overdraft facility, but it hardly has much more leeway.

Online it looks a little better for the loan request. Necessary investments in the equipment of the children’s room or other needs around the baby can be financed with a small loan. Small loans are low-interest, easy to compare on the Internet and are checked using the simplified approval process. The chances of getting a loan, even during parental leave, are therefore not necessarily bad online.

Goods or mail order credit during parental leave

Goods or mail order credit during parental leave

Merchandise and mail order loans have a top priority. They are intended to promote sales. They are advertised with low interest rates and short terms. The desire to increase sales volume displaces a balanced risk protection when lending. So it is comparatively easy to get the loan approval even under reduced income conditions. Larger sums and long terms cannot be financed in this way.

Buying a car is a pressing problem for many young families. The stroller simply does not want to fit in the old sleek, elegant strollers. A station wagon would be the solution, but problem-free loans during parental leave are rare for large investments. A guarantor or co-applicant opens the door to the car loan from almost any source of finance. This makes it possible to offer dealers, but also cheap car loans from the Internet. A loan comparison is always worthwhile.

With personal credit through the ups and downs of life

With personal credit through the ups and downs of life

Credit without a bank is becoming the most important means of providing credit to an increasing number of people. The income gap is widening in Germany. The development is particularly noticeable on the credit market. Families that only have a limited income to live in are increasingly cut off from traditional loans. Your income hardly exceeds the seizure allowance.

Loans during parental leave often reach this limit. Personal loan can be a way out. Getting in touch with private donors is easy in the Internet age. It is made up of two large personal loan platforms. However, it is not so quick until a personal loan becomes payable. In addition, the publication of the loan request involves preliminary costs.

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Loans

Loan for 10,000 USD – What are the requirements

Many financial bottlenecks can be compensated with the overdraft facility in the checking account. This is expensive because of the high interest rates, but very convenient. No credit request at the bank counter, no waiting for the money. However, in most cases, the overdraft facility is no longer sufficient to cover a capital requirement of 10,000 USD. Only top earners are allowed to overdraw so much.

The difference between an online bank and a branch bank

The difference between an online bank and a branch bank

Now the only thing left is the trip to the bank. But which one? Who offers more advantages, the house bank or an online bank? If it should go quickly, then the branch bank is rather unsuitable. It is not so easy to apply for a loan for 10,000 USD at the counter. As a rule, a personal interview with the bank advisor is necessary.

That takes time, because you don’t get an appointment overnight. Online banks have a clear advantage here. Once the loan seeker has found the right offer, the loan can be applied for online. In addition, internet banks offer a lower interest rate. There is a preliminary commitment immediately. Only the papers have to be sent for signature. The money will then be transferred within a few days.

What do you have to consider during the term?

What do you have to consider during the term?

A loan for 10,000 USD is often used to purchase goods. With such an installment loan, the wishes can be fulfilled more quickly. However, it can also be used for debt restructuring purposes, after all, 10,000 USD are not a cardboard stick. It should be noted, however, that only the installment is chosen that the borrower can afford.

Smaller amounts extend the term of the loan, but make repaying the loan much more convenient. There is no use to anyone if you choose a short term, but then fall behind with the installments. At all banks, borrowers can choose their term with a loan for 10,000 USD.

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Loans

Loans during trial period – maximum months

Borrowing requires a long-term, regular income. This is not the case during the trial period because the employer can terminate the employment contract without giving a reason. Borrowing during the trial period is therefore difficult. The trial period in Germany is a maximum of six months.

Some companies shorten it to three months, but legal protection against dismissal only applies after a period of six months. A prerequisite for the agreement of a trial period is a new appointment, so that neither the transition from a fixed-term to a permanent employment relationship nor a change in the area of ​​responsibility justifies this.

Use existing credit lines

Use existing credit lines

The easiest way for consumers to use existing credit lines as loans during the trial period. In many cases, the agreement of a trial period is not based on starting work for the first time, but on changing to a new employer, so that a credit facility and a credit card already exist.

Both types of credit are more expensive than consumer loans and should be replaced by one immediately after the trial period. A call credit is cheaper, which a job changer ideally applies for while his old employment relationship is still in existence.

Other ways of borrowing during the trial period

Other ways of borrowing during the trial period

The date of employment shows the date of employment, but not the agreed trial period. However, banks generally assume a six-month trial period, especially since this period is subject to severely restricted protection against dismissal. In the case of instant loans, in order to simplify processing, there is sometimes no submission of a proof of salary, so that these loans are also suitable as loans during a trial period. Of course, the borrower may not truthfully claim to be in a secure employment relationship.

If not asked, he does not necessarily have to point out his probationary period, but he must be convinced that he can pay off the loan later. Therefore, loans are ideal during the trial period, in which the loan agreement provides for the express right to make later changes, so that the consumer compares not only the effective annual interest rate, but also the specific loan terms of several providers. A surety is also a safe way to borrow during the trial period.

It is legally possible to agree to the automatic expiry of the guarantee upon transition to permanent employment, but such limited guarantees are not offered by all banks. Also on the websites for credit brokerage between private individuals, an existing trial period does not necessarily count as a reason for rejecting a loan application.

Rather, private lenders decide under what conditions they grant loans, with the majority preferring applicants who otherwise find it difficult to obtain a loan. Consumers often overlook the fact that installment payments within the first six months of a new employment relationship are earmarked loans during the trial period. Since mail order companies only request proof of salary for large order amounts, installment payments are possible without restriction during the trial period.

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Loans

Cross-collateral loan: how does it work?

Imagine a scenario where you are ready to sell your car that you now own, freely and clearly, only to be heard by your lender that you cannot sell it until you have repaid another non-guaranteed loan with the same lender. In essence, you are told by the lender that you are not paying for your car and the title is still owned by the lender. This is the result of an obscure clause, called cross-collateralization, used by lenders in certain lending situations. You may not be aware of it unless you have carefully dissected your contract to have it buried deep in the fine print. Even if it was explained by your lender, chances are that it would have long been forgotten by the time you were in your loan for three or four years, and that is why most borrowers are overwhelmed.

What is a cross-collateral loan?

What is a cross-collateral loan?

Cross-collateralization is a method used by lenders to use the collateral of a loan, such as a car, to get a new loan that you have with the lender. Although that seems to be a reasonable precaution of the lender, borrowers often do not realize how much control the lender has over his finances when exercised. It is possible that you can sell your car if the lender wants you to keep it as collateral. Even worse, if you fall behind on another unsecured loan, such as a credit card, the lender can take back your car. If you are filing for Chapter 7 bankruptcy, you may have to hand over your car to the lender until your outstanding debts are settled.

Credit Union Practices

Credit Union Practices

Although cross-collateral loans are widely used for car loans, these loans are much more common with credit unions. Credit unions work differently from banks because they are owned by their members, so the clause is an additional protection against credit losses that would be shared by members. The attraction of credit unions has always been their willingness to extend more favorable loan conditions, especially when you have an existing relationship with them. If you are financing a car through a credit association or have a savings account with you, you will probably receive Panucreditlark offers for low unsecured loans. This is because credit unions can secure these loans with the collateral of your car loan or savings.

For various reasons, credit unions are an attractive alternative to banks and loans, including lower bank and financing costs. The practice of cross-collateralization can be a disadvantage if you are not aware of the possible impact on your finances. If you are considering a loan from a credit association, it is important to take a few precautions. First, do not take more than one loan from a credit union at a time. Second, do not establish a credit card account or credit line where you have a car loan. Third, do not bank where you borrow; keep your checking account with another institution. Finally, always read the fine print on every loan document.

Cross-Collateral Loans in Mortgage Lending

Cross-Collateral Loans in Mortgage Lending

Cross-collateral loans are also used for mortgage loans, primarily with building loans when a borrower owns multiple objects. For example, if a builder who owns more than two objects seeks financing for a new project, the lender can secure the new loan by placing a lien on one or more of the other objects. The lender becomes the senior pledgee on all properties, making them difficult to sell.

As with any form of credit, whether it is credit cards, installment loans, credit lines or mortgages, the burden is always for the borrower to understand every aspect of the credit terms that are primarily written to maximize the income of the lender. and protect it against losses.