Credit consolidation: instructions for use The consolidation of credits was previously called ” credit repurchase “. Credit restructuring and credit consolidation are also terms that can be used to designate credit consolidation. Clarification at The grouping of credits was created in the course of the 1980s. It mainly concerns people or households in a situation of over-indebtedness. It consists in closing the various credits in progress by paying off their capital and then replacing them with a single credit, with different lower monthly payments, payable over a longer period. The purpose of grouping credits? Stop the downward spiral of over-indebtedness. Two kinds of credit grouping should be distinguished: The grouping of consumer credits : the grouping of consumer[…]

The potential borrower can apply for a cheap loan from Switzerland today. These special forms of credit are intended for borrowers who are financially debited. Since Capital lender banks do not query Credit bureau, this credit model is used for loans without Credit bureau. A purpose of use does not have to be specified. Of course, credit security is also a top priority for Capital lender banks. Proof of submission of one or more pay slips is required. A credit restriction can be a temporary employment relationship, ie if there is no permanent employment relationship. Apply for a loan from Switzerland if there is a financial burden Another criterion is the minimum age that Capital lender banks must be at[…]

Work carried out in a main residence may give rise to a tax credit. Only improvement works and fitting of specific equipment are concerned, but above all it is not necessary to be an owner to be entitled to it. Tenants and occupants free of charge can finance their work themselves, and reduce their taxes in exchange. The State has developed a scale specific to each type of work, with a ceiling. What is a tax credit? The tax credit is a direct rebate on income tax, the excess of which is carried over to the next few years. Suppose, for example, that a household has to pay $ 4,000 in taxes, but that it is entitled to a tax[…]

Whenever Cream banks refuse a loan, foreign banks can help under certain conditions. Agents are responsible for this type of credit. You are not a lender yourself, but you can arrange a loan with them. But what should be considered? Loan from abroad These types of loans are private credit checker-free loans. They are happy to be used by consumers who have problems with private credit checker and therefore no longer get any money from Cream banks. This loan from abroad is therefore the last option for many. However, this is only possible for employed persons. Neither unemployed people, freelancers or the self-employed can hope for such a loan. Foreign banks are not interested in private credit checker. The borrower’s[…]

US interest rates are moving higher, but investors are still looking for alternative income generating assets. A popular solution for income investors who want to manage rising interest rates has been bank loans or senior loans. An asset class was made increasingly available by exchange-traded funds such as PowerShares Senior Loan Portfolio (NYSEArca: BKLN) being bank loan funds. Variable-rate bonds and senior loans are unique because their returns are tied to a benchmark like LIBOR, rather than being predetermined. The loans are also higher on the capital structure than other unsecured commitments. Some also have a floor to ensure you get a reasonable return even if interest rates are low. Their coupon rates are usually reset every 90 days, resulting[…]

Do you want to get out of debt? Then you need to set up a debt elimination plan. A debt elimination plan is easy to set up, but difficult to follow. But in the end, it is worth getting rid of your debts once and for all.  Being free of debt allows you to build wealth, take control of your finances, and help you achieve your long-term financial goals instead of just worrying about daily expenses or paying the bills. You can’t even see how much of your debt hurt you until you pay it off. So stop making excuses and follow these six steps to get out of debt.   Make a list First you have to list all[…]

In Germany, every loan is linked to a Credit bureau request and the subsequent notification of the payment to the credit protection association. If you want a loan without Credit bureau, you can get one through a foreign bank, the best known are Credit bureau-free loans from Switzerland and Lidemer. Who is the Credit bureau-free Good lender loan for? For consumers with several soft negative characteristics or a hard negative entry in the Credit bureau information, a loan from Switzerland without Credit bureau is usually the only way to take out a loan. The federal credit institution is not a contractual partner of Credit bureau in Germany and therefore does not receive any information about consumer data stored there. However,[…]

How much do you want to borrow? Depending on the loan amount, you are more advantageous with one or the other lender when you want to borrow money. So do you want to borrow money? Then the first question you must answer is: How much money do you want to borrow? 100 to 750 USD – The mini loan For amounts between 100 and 750 USD you do not actually have to go to the bank. After all, these are amounts that you can easily repay when you receive your salary again. For these small amounts there is a special lender who can provide you with a so-called mini loan with a short duration of 15 or 30 days. This[…]