cutlerbaby.com http://www.cutlerbaby.com My WordPress Blog Tue, 05 Mar 2019 05:20:13 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.1 Who can apply for a loan without private credit? http://www.cutlerbaby.com/2019/03/05/who-can-apply-for-a-loan-without-private-credit/ http://www.cutlerbaby.com/2019/03/05/who-can-apply-for-a-loan-without-private-credit/#respond Tue, 05 Mar 2019 05:20:13 +0000 http://www.cutlerbaby.com/2019/03/05/who-can-apply-for-a-loan-without-private-credit/ Read Article →]]>

Private credit is an information service that is supposed to assess the creditworthiness of a potential customer for banks and companies. Due to a non-paid mobile phone bill or too late arrived rate, however, many customers get premature a bad judgment.

As a consequence, loans are only forgiven or even completely denied. However, this does not have to be a rule. Many banks waive the lending on a Private credit information and still allow a fair and flexible interest.

Loans with test system

In many cases, the bank waives a Private credit statement, but must ensure a far-reaching credit rating of the customer. Here, not only the income and the assets are used for the analysis, but also aspects of credit security are taken into account. Thus, the bank often insists on a security transfer. In the course of the contract, the customer hands over his property over a valuable item to his bank, for example via a house or a vehicle. However, the ownership remains with the customer and will be withdrawn only if the loan is not properly paid.

The health credit – in diets and cosmetic surgery

The health credit - in diets and cosmetic surgery

Similarly, a health loan can be applied for bad Private credit. This applies, for example, to breast augmentations or diets that are beneficial to health. The good: He is directly requested by the family doctor and can all the easier to avoid a bad Private credit.

The instant loan tactic

Before a loan, however, you should deal with the details of the contract to be concluded. Dubious banks advertise namely with attractive loans, which is waived on a check of solvency. Behind the scenes, however, hide interest rates that are beyond good and evil. As a precautionary measure, a financial adviser should be consulted, especially with large loan amounts, who compare the interest and ancillary costs of various banks with each other. This eliminates the question “Who can apply for a loan without Private credit ?”. Only a customer who can convince his bank of a high creditworthiness receives a loan at fair interest rates.

]]>
http://www.cutlerbaby.com/2019/03/05/who-can-apply-for-a-loan-without-private-credit/feed/ 0
Are payday loans between individuals dangerous? http://www.cutlerbaby.com/2019/03/01/are-payday-loans-between-individuals-dangerous/ http://www.cutlerbaby.com/2019/03/01/are-payday-loans-between-individuals-dangerous/#respond Fri, 01 Mar 2019 11:14:21 +0000 http://www.cutlerbaby.com/2019/03/01/are-payday-loans-between-individuals-dangerous/ Read Article →]]>

Private loans are one more financing option that you can take into account when you spend an economic hardship and need money. In Asian culture they are very common. Not so much in the West, although in recent years they have become more popular due to the difficulties in obtaining financing through the banking system.

In this article we will explain exactly what loans are between individuals, how they work, what their interest rate may be, how they are regulated and, most important of all, why they can become very dangerous for the debtor.

What is a payday loan between individuals?

What is a payday loan between individuals?

As its name suggests, a payday loan between individuals is no more than a loan that occurs between individuals, without the intervention of any conventional financial institution, such as a bank. The one who lends the money can be a friend, a relative or a third party that we do not know anything about.

The mechanics of this type of loans is very similar to that of a conventional loan : a creditor lends a certain amount of money to a debtor and the latter agrees to return it, together with their corresponding interest, within a certain period of time.

What characteristics does a payday loan between individuals have?

What characteristics does a payday loan between individuals have?

The interest rate applied to the loan can be very small (and even nil) if it is a friend or a relative who lends us the money. On the contrary, if the creditor is a third party, the interests that it will surely demand will be much higher than those we can find in the banking market. In the latter case, you may also ask for an endorsement, which if it is a mortgage loan will be the home.

On the other hand, the repayment term of these loans is not usually as long as that which a traditional financial institution could grant us, so that their repayment could become more complicated.

Why are private payday loans so dangerous?

Why are private payday loans so dangerous?

Go ahead that the loans between individuals are one hundred percent legal and have existed since the origins of civilization. There have always been wealthy people who, in exchange for an interest or commission, have lent money to others who needed it.

At present, if the loan is personal, it is regulated by Law 16/2011 of June 24, whereas if it is a private loan with mortgage guarantee, it is necessary to resort to Law 2/2009 of March 31.

Whether it is a personal loan or a mortgage loan, the ideal is that the agreement is raised to the public, that is, that we sign it before a notary. This is the best guarantee for both parties to cover their backs if a problem should arise in the future.

In summary, we are facing a loan with a high economic cost and whose repayment term is smaller. In addition, it is not guaranteed by the Bank of Spain, so the risk to the debtor is even greater.

Our advice is that before signing it, you have very clear all the conditions that appear in the contract, as well as the obligations that will arise as a result of it.

]]>
http://www.cutlerbaby.com/2019/03/01/are-payday-loans-between-individuals-dangerous/feed/ 0