The loan or credit decision must be made rationally

Take a loan or a loan? Best quickly, without thinking, because this offer may not happen again. And what will happen later? And that will be seen.

You have made the decision that it is necessary to buy something. It’s best for a loan. But is THIS really the thing you need now?

Remember that you are going to buy it for money borrowed from a bank or loan company. It may be worth choosing a cheaper product or possibly considering temporarily stopping the decision. Maybe it is worth to wait and buy the item from savings? For example, would stopping your purchase by 6 months affect your life? Because a loan is not only a burden on home finances with a loan installment, but also a price that you have to pay for the funds available.

However, you can not wait and the loan must be on NOW. Do not choose the first best opportunity by suggesting a bank or loan company’s advertising. Advertising is to make you choose this particular institution without thinking about it. It’s not a nice actor or puppet who will pay for your commitment. It is you, each month, out of your own pocket, that you will give away your savings for using someone else’s money.

Creditworthiness analysis

Creditworthiness analysis

The decision about taking out a loan or loan should be preceded by the calculation of your creditworthiness. Yes. Not only does the bank do it, you also have to do it. Honestly calculate whether you will have the possibility of timely repayment (credit installments) and whether it will not be too much of a burden for the household budget. The bank may determine that you have sufficient creditworthiness and you think you will pay back, but you do not know that you have a loan company commitment. The statement of revenues and costs in the home budget allows to state not only whether the credit installment will fit in, but whether there will also be a margin of cash for unexpected expenses. Otherwise, you may fall into a spiral of debt, which means you need to take another loan…

Installments equal or decreasing guidebook | Check out the latest loans and loans

Installments equal or decreasing guide for those taking a loan or a loan. When deciding on a loan or a loan, not only do we have to choose a bank, but also decide on what system of installments we decide. How will we pay off our liability: fixed installments or decreasing installments. Check below how they are calculated and what are the main differences between them.

The vast majority of borrowers decide on equal installments because it seems the simplest and the most clear. But there are still decreasing installments, and what is more interesting is very often the choice more favorable to the borrower. What is fixed installment and what is different from the decreasing one? When is it worth choosing fixed installments and when decreasing?

What better fixed or decreasing installments?

What better fixed or decreasing installments?

Each borrower has to decide what will pay him more: regulate debt in decreasing installments or fixed installments?

Equal installments (annuity, fixed or averaged) – their amount remains at a similar level throughout the loan repayment period.

Declining installments – at the beginning of the repayment period installments are characterized by high amounts, but they gradually decrease as the loan period expires.

Each installment, regardless of which loan we pay, consists of a capital and interest part.

The capital part – the repayment of the part (principal) borrowed from the bank.
Interest portion – interest on capital, the amount of which depends on the nominal interest rate and the duration of the loan.

Depending on the proportion in the installment of the principal and interest part, we distinguish fixed and decreasing installments.

Fixed loan installments

Fixed loan installments

In the case when we decide on fixed installments, they will be in the same amount throughout the repayment period. Of course, provided that the interest rate on the loan does not change or we chose a loan with a fixed interest rate.

The capital part increases with each installment. At the beginning of the loan repayment, the installment consists largely of the interest part. At the end of the loan repayment, the reverse is true and the major part of the installment consists of repaid capital, and the smaller one is interest.

Who is the better choice for? The fixed installment system is more profitable for borrowers taking small loans. In the case of loans for a larger amount or mortgage loans, decreasing installments will be more favorable.

Declining installments

Declining installments

The installment decreases with the next repayment of the loan installment, ie in the following months the installment is getting smaller and smaller (assuming the assumptions, as above: interest on the loan does not change or it is a loan with a fixed interest rate).

In decreasing installments, as opposed to fixed installments, the capital part of the installment throughout the repayment period is unchanged. However, the interest part changes.

The decreasing installment is therefore the highest at the beginning, but then it gradually decreases. This is because with each installment we have less capital to repay, and thus interest is charged on a smaller amount.

Equal installments and falling differences

Equal installments and falling differences

If we already know what equal and decreasing installments are, then we can mention the basic differences between them.

In the case of decreasing installments, the sum of interest is lower than in the case of equal installments. This is a consequence of a faster repayment of capital, which means that interest is accrued each month from the lower amount of capital.

Remember, however, that by choosing decreasing installments, we pay higher amounts at the very beginning than in the case of fixed installments.

When choosing decreasing installments, we must have a higher credit rating than fixed installments. The system of decreasing installments is intended for those borrowers who can significantly encumber the home budget in the initial repayment period.

Declining installments are also beneficial in the situation when we anticipate the possibility of early repayment of the liability. They may be more beneficial in the shorter lending period, because the differences between the decreasing and equal installments are smaller.

Fixed installments should be used by people with lower creditworthiness, and thus do not want to overburden their finances in the initial phase of loan repayment. In addition, fixed installments are easier to include in the home budget – we know how much the installment is over the entire debt repayment period – and thus it is easier to plan future expenses.

Fairs and markets with online Loans on the spot

 

There are hundreds of markets and fairs in Spain, all provide a service to the community. From the sale of vegetables, meats and food in general. Going through clothes, vintage items, Christmas ornaments, antiques, video games, movies, curiosities. Up to high standard food with gourmet delights to be fully enjoyed. There are fixed fairs and markets that are always established. Either be certain days a week or month. And there are those of opportunity. Once a year or, on occasion of a special event. The important thing is the location, the products that are offered, the time of year. And of course if it has been organized by a serious company that will provide the best conditions. Both for those who offer their products and for the customers who attend to buy.

Also many companies seek to offer their products in these places. It is promotion, making contacts, knowing competitors, promoting brands and selling products. In short, the idea is to take advantage of the opportunity when it is presented. To undertake this type of project capital is necessary and get it fast so as not to miss the dates. For many online credits on the spot are the best option. The credits online in the act are granted easy and fast and depending on the case they do not ask for many requirements. These online credits can not only be used to rent the space or stand. But to pay for the same merchandise that is going to be sold, the decoration expenses. Many times even to pay the staff that will work in it. The online credits at the event are much sought after because they pay for themselves with what the stand produces.

How to Wisely Use Online Credits in the Act

Online credits in the act

When an investment is made it is very important to take care of the capital. Independently that it is own capital or that it is about the credits online in the act. It is important to maximize your performance. Know exactly what is invested, what are the important expenses, have a budget that is well distributed. In cases where online credits are requested on the spot, one should be even more cautious. Find ways to avoid having to pay the high interest generated by online credits on the spot. A good formula is to request the credits online in the act by financiers who offer to pay them without interest. It is established that if you pay all the credits online in the act within the first month. No interest will be generated. The Bank of Spain sees them as a valid option for quick investments.

An average amount, of what it costs to mount a stand with credits online in the act is 3500 euros. This example is taken from the Ifema fair in Madrid. Claro will depend on the amount of square meters and other services. As the technological equipment, hostesses, extra advertising, catering, furniture, among others. This expense includes. The square meters, the stand as such, electricity consumption, a sign, cleaning, special instructions and some free passes. In addition, the cost of the merchandise to be sold must be calculated. Also of the service that is going to be provided. So at the time of requesting the credits online in the act for this purpose. You have to be very careful with the whole budget in general, so that nothing is left out. A good amount could be a loan of 5000 euros with online credits on the spot.

Loans in the Act for Companies that Want to Be in Fairs

Loans in the Act for Companies that Want to Be in Fairs

Every day increases the number of companies that want to have presence in fairs. Even more when they are fairs specialized in the type of product or service that you are offering. Having a stand inside one of these fairs allows them to show their products. Teach them firsthand to truly interested customers and buyers. As well as get a feedback of these. Especially when these products or services are launching the market. In addition you can have direct contact with competitors. Have knowledge about what they offer and establish business relationships. Learn about new market trends and find new suppliers, distributors, importers, and so on. Now, the one who knows business management knows. It is better to seek external financial leverage than to invest capital from the company itself.

The method to use the credits online in the act intelligently is the same for companies that for individuals. Basically they are used because they are quick to get, without paperwork and it does not matter if you are in Financial Credit Institutions In turn, the idea is to get those that generate lower interest. Looking to be possible those credits online in the act that do not generate interest the first month. This will give the company the opportunity to pay their credits online on the spot. With the same profits that are generated in the stand. As general recommendations when it comes to mounting the stand we can say that the location is the most important. As well as knowing the location of your competitors. It is also good to know the profile of the visitors. And much more the commercial niche and target of the buyers to whom the product is directed.

Start a business with 15,000 euros loan

A 15000 euro loan to start a business is available from banks, savings banks and Volksbanks. Under certain circumstances, a private person may be willing to borrow 15,000 euros. In any case, the credit rating must be given, which makes a 15000 euro credit justified. Here, first of all, a regular income, but also a positive private credit information should be considered. The latter plays a decisive role, in particular for German bank or savings bank loans.

If there are negative private credit entries, no reputable bank domiciled in Germany will grant a loan. Only private or foreign lenders make an exception. However, foreign lenders are rarely considered for a € 15,000 loan. Here, the approved loan amounts are much smaller and are almost exclusively in the four-digit euro area.

loan comparison

loan comparison

A credit comparison should always be at the beginning of all considerations about borrowing. Here, not only local, but also supraregional lenders should be involved. So you can get a much better overview of what loan offers there are and what the terms are with the individual banks.

Ideally, you would use a comparison portal on the Internet for a credit comparison. Here you will get an overview of which banks are offering a 15000 Euro loan, how high the interest and the terms are and which monthly repayment rates you would receive in a few minutes. The monthly repayment rates depend on various factors. A special role is played by maturity and interest rates. 
The longer the term, the lower the monthly rates. A short duration, however, requires high monthly installments, which can amount to several hundred euros per month. Here you should set priorities in advance and decide very specifically which monthly rate you can afford with your salary and over which period this should happen.

A credit comparison on the Internet not only has the advantage that it provides a reliable and topical result within a short time, but also that the offers of various regional and supraregional banks are included in the comparison. So you can get a good overview of the general market situation and the interest rates.

requirements

requirements

Whether a 15000 euro credit is basically possible depends on various factors. First and foremost, it should be mentioned that not all direct or branch banks lend such a loan, but either only larger or smaller loan amounts are eligible. In addition, your personal requirements play a prominent role.

If you have an income that is reasonably safe but only marginally above the officially established seizure limit, it will be very difficult, if not impossible, to get a $ 15,000 loan.
It is very important that the private credit information has no negative entries. Negative entries always come about if there is a valid reason for doing so. This would be the case, for example, in the event of non-compliance with loan agreements or other payment obligations. It becomes particularly serious if reminder or enforcement orders have already been issued or if you are in a private or routine insolvency procedure. No credit is possible here. There can be no exception to this rule in Germany, even if you can prove a secure high and secure income.

The income should result from an employee or official activity. It is also very important that you have a permanent employment contract. With a fixed-term employment contract, you have only one chance at a loan if the term is relatively short and does not go beyond the end of the term of the employment contract. 
If you are self-employed or self-employed, it will be very difficult to obtain a five-digit loan. There are only a few banks in Germany that are ready to take that risk. Many banks even exempt self-employed and freelancers from lending.
It is even more difficult for the unemployed, housewives, students or other persons without their own income. Here a second applicant or a guarantor can be asked. If he has a good income and an impeccable private credit information this often leads to a loan application, which should actually be rejected, but still can be approved.

Application and authorization

Once you have decided and found a suitable lender, you can submit the application. This is possible either on the Internet or at the bank branch. In any case, you will need to complete a mandatory credit application form. Here your personal data and information about your income are needed. As a rule, you do not need to specify a purpose for the loan because a normal installment or consumer loan is for free use. This applies regardless of the loan amount. An exception are the earmarked loans. This is the case, for example, for a car loan. Here are 15000 euros a sum that is paid very often. A car loan may only be used to finance a new or used car.

The loan application must be accompanied by documents that can give a clear statement of your income and the nature and extent of your employment. Once all documents have been received by the bank, information will be obtained from private credit. Then you can decide very quickly about the loan application. Often this is possible within a few hours. After the approval you can have the 15000 Euro loan paid out. To do this, you must specify an account to which the money should be transferred when you submit your application. This account can but does not have to be at the same bank responsible for lending.

Payment – repayment and term

Basically, the entire amount is paid out in one amount. The bank transfer is the rule and the cash payment is the exception. Once the money has arrived in your account, you can dispose of the 15000 euro loan in the manner provided.

The terms of the repayment and other factors that play a role in a € 15000 loan, a credit agreement is made, which is to be signed by both parties – ie the lender and borrower. 
The installment begins and ends at the agreed time. It is usually the case that the amount of installments remains the same over the entire term. Each monthly installment is made up of an interest and a repayment installment. In the vast majority of cases, it is withdrawn from the account either on the 1st or the 15th of the month. If necessary, you can also transfer the installment yourself. However, you should do this completely and punctually.

If you do not pay your loan installments and you fall behind with more than a monthly installment, this can have serious consequences. If you ever get into financial difficulties, it is advisable to talk in time with the bank and seek a solution. Under no circumstances should you risk a loan termination because the then still open loan amount is due in one amount and a negative private credit entry is the result.

Quick Credits and Business Loans With Credit Card

 

Citigroup is one of the most influential banks or banks in the world. It is one of the largest financial groups and Citibank , whose parent company is located in the United States, is a financial entity belonging to this group. This bank offers the modality of credits known as line of credit, or credit cards. Some of the most obvious advantages of this system is the immediate availability and without questions of credits to be paid in installments (sometimes even without interest). Since the credits are previously authorized at the time the credit card is granted, once the credit line is available, the maximum amount approved can be made available instantly and as many times as necessary, provided that the approved amount is not exceeded. . Futher reading at http://hottoast.org

Another modality that facilitates Citibank credit lines is to be able to withdraw cash from various ATMs. The function is the same, the credit is granted and money is available in cash or it can be paid directly with the plastic and then the amount used to pay for the product or service in the appropriate installments will be returned.

One of the biggest advantages offered by Citibank credit cards is that if a month you are short for any reason, not much happens (unless the amount you owe is huge and / or exceeds the amount approved for you, in whose case you will no longer be able to use the card to make new purchases or withdraw cash). If you have not exceeded your credit limit, you can continue using your Citibank credit line even if one month you stop paying, you should only take into account that interest and surcharges may apply. Do not let the interests play a trick on you, pay promptly and dispose without limits of your credit.

Credit cards in case you need financing very quickly are a convenient option. To request yours, you must fill out a form available on the internet at the Citibank page . For this, it is not necessary to change banks. Some cards and lines of credit (such as Citioro) do not have annual fees, which means that you do not have to pay fees to obtain it, among other benefits.

How to get my credit card

How to get my credit card

 

The steps to follow are those:

The first thing is to go to the Citibank website and look for the online application section for Citi Oro cards. A form that you must complete before you can enjoy the benefits of your card for free will be presented.

The form is filled with some personal information, mainly contact information. Shortly you will receive a response from Citibank and you will be answered affirmatively or negatively as the case may be.

Although the form must be filled out in its entirety, it is not necessary to have an account with them. However, you must associate a bank account with the card you wish to obtain. Also, you will be sent a series of documents that must be signed and returned where indicated. All this can be done from the comfort of your home. Everything you need to activate your Citi Gold credit card will be sent to you by mail.

Quick Credits 

Quick Credits 

 

Since the cards are activated in advance, the credit is available immediately after activation. Many lines of credit are valid in a large number of countries around the world, so you can make purchases abroad that can be automatically paid in convenient installments that you decide . Likewise, this is a fairly secure payment method since, in order to make any purchase, a signature is generally requested, or data that only people who have access to your card (physically) can know. This is particularly convenient when you do not want to carry cash.

On the other hand, if what you want is to have a little more cash to feel more secure or you are one of those who prefer to count their money with their hands, with Citi Gold credit cards you can withdraw cash from ATMs automatic when and how much you like, as long as your credit limit allows it.

Citibank credit cards – Citi OroCitibank gives you the security of having a US bank that offers loans to all parts of the world. This type of loans, offers financial products and gives credit cards where you can finance all kinds of purchases and also, get by credit cards, cash almost instantly. Once you use this money, you will be able to know how much you want to pay and when you want to do it, so that your cards do not end with your monthly liquidity.
If what you need is a much more urgent liquidity, this type of card gives the right solution for each type of expense, since you can obtain it without having to change to another branch and do it through your online form.
Credit cards Citibank credit cards – Citi OroCitibank , do not have any type of annual fee, which means that it is a card that is completely free.

How to apply for credit cards?

How to apply for credit cards?

 

Remember that these types of cards are completely free, but you must fill out a form with your personal information to ensure that you can be able to get this type of card. In the form, you must enter the personal information requested and the citibank professionals will give you an answer in a few minutes about whether you are eligible to have a city-gold card.
To obtain this type of card, it is not necessary to open an account in any citibank branch, since everything is done through the internet. However, if you must associate the card with one of your accounts. In addition, in a few days, you will receive a document that you will have to return signed. Once the company receives the documentation, your card will be activated and you can start using it wherever you want.

How to get fast credits through the Gold credit card?

How to get fast credits through the Gold credit card?

 

 Citibank credit cards

By means of this type of cards, you can buy at any type of establishment and also obtain all kinds of financing almost automatically, since unlike credit cards, you can withdraw cash at any ATM so that you have He how best to suit you. You can also make transfers to bank accounts in case you want to leave cash to someone. This type of cards are the best option to have quick money without having any problems.

How you get cash

How you get cash

 

In order to get cash, all you have to do once you receive and activate your card is to enter it in a bank account and you will have cash almost immediately, just like when you take out money with your credit card. That money is added to the amount you have spent on the card and then you can start paying it in monthly installments that best suit you. You are the one who decides how much to pay each month.
Another thing you can do with this card – as we have already mentioned – is to transfer money to an account associated with that card. This gives you the possibility of having the money in your bank account, which is very useful for people who have their bills domiciled.

Modes of payment of Gold credit cards

Modes of payment of Gold credit cards

 

When paying this type of credit cards, you have a lot of different ways by which you can get the option that best suits your needs.

Among the different modalities are the following:

 

• Pay only for the credit that is used every month in full
• Pay a fixed monthly amount regardless of the money you are using
• Pay everything you use at the end of the month.

You can change between the different methods of payment offered by the company, so that you can adapt the one that best suits your needs at all times. You can change the payment method from the main page of the entity or simply call them by phone.
However, the card comes by default with the minimum payment method, that is, you must pay 1% of the amount of money you have spent plus interest, but with a minimum of 18 euros per month.
If you do not want to use this mode, we have already explained how you can change it at the top.

Why choose this type of cards

Why choose this type of cards

 

Citibank credit cards , have the easiest form of financing in the market and also, you know that as long as you pay what you spend, you will always have credit to use. In addition, all the money is returned in comfortable monthly payments you choose the amount you want to pay each month.
In addition, it has no annual fee, which means that the card is completely free and you only spend for the money you are using each month.

Do Loan Companies Check Customers?

For the customer of a loan company, it is important where he lends money. For a loan company, it is important to whom the loan money is. The mutual relationship between the loan-client company and their construction is very evident, especially with regard to online loan companies. A proven customer can count on a decidedly better loan terms than in a fixed-line company.

Debtor registers and other databases

Debtor registers and other databases

However, before a loan company grants a loan to a client, it must examine its creditworthiness, including checking the debtors’ records and, increasingly, the base of the Credit Information Bureau. Loan institutions, unlike banks, have a different source of financing. From the financial situation of the lender, from the possessed capital, depends on what conditions he can borrow the client. Every loan company must verify its future borrower at the very beginning. They search for messages about them, among others, in debtors’ registers.¬†Similarly to an entity providing non-bank loans, the consumer may also become acquainted with his status in the above-mentioned debtors’ registers and in the Retrodatabase. Checking the customer in the databases is just one of the elements of assessing his creditworthiness, aimed at estimating his options for settling the obligation within the prescribed period. A loan company must minimize the risk of a loan to an insolvent person.

The best loan company

The best loan company

As with the choice of a bank and a cash loan, also when choosing a loan company, we wonder where to borrow. The first loan for free is still an effective advertising trick, but there are quite a few such offers. Customers of loan companies can check information about the entity, for example, does not appear on the “black list” of the Financial Supervision Authority, as well as read the opinions about it on the Internet. As you can see, not only loan companies care about the security of borrowed money, but also potential customers of loan companies, checking from whom they borrow money.

How to check a loan company?

How to check a loan company?

First and foremost, you should borrow money only from reliable loan companies. It is worth checking if the given entity is in the Register of Loan Companies. If the loan company is in the register, we can borrow it safely. This does not mean, however, that if there are no companies in the register, we do not use the loan offer. You should then take further steps to check and evaluate the loan company.

The first step is to visit the company’s website in which you want to use the loan. Professional appearance, specific information about loans, representative loan example, contact details are obviously not a determinant of the company’s integrity, but certainly look more reliable.

The next step should be to read the opinions about the loan company. However, one should approach them with a certain distance, because many of them will be extreme: from admiration to very negative opinions. We must take into account that many of them are written by people cooperating with these entities.

The next step is to check whether the entity is not on the “black list” of the KNF, ie whether or not prosecution proceedings are carried out against it: a list of public warnings of the Polish Financial Supervision Authority. A good source of information about loans is certainly the comparison of non-bank loans, but only only those tested on the market! They allow you to search for a specific loan with given parameters.

Compilation of loan companies facilitates reading the loan offer and the assessment and selection of a loan company. We should not use the available ratios of payday loans or installment loans, because not necessarily high position on such a list shows that this loan company has a favorable offer.

Finally: always read the contract before signing it. Only a thorough analysis of the contract and regulations allows for safe decision making. We may withdraw from the contract within 14 days from the day of signing. We should not mention common sense because we have to take care of it ourselves and no website, opinion or controlling institution will help us.

The first non-bank loan

Taking a non-bank loan, we usually do not think about the next one in the future. It is important, however, to become familiar with the cost of a standard loan, i.e. a non-promotional loan in a particular loan company. You do not need to mention debt settlement on time to avoid penal interest or debt collection proceedings. An additional positive aspect of loan repayment on time is building positive relationships with the loan company. Loan companies are increasingly offering loyalty programs to their good clients, which allows them to borrow cheaper. As you can see, both sides care about knowing who they are starting to cooperate with. In the case of internet payday loans, it is easy to verify the lender, harder when it comes to installment loans. However, in this case there are several internet loan companies that specialize in such loans and which services you can use.

Working Capital Loan for What is it? The Type of Company Financing

A turnover loan for companies

A turnover loan for companies

is a very interesting solution, which is based on financing the currently operating company. The loan amount may be allocated for the purchase of goods, materials or the payment of non-fixed obligations, i.e. for any purpose related to the operation of the enterprise. In most cases, it is a short-term loan, and its amount depends on the amount and frequency of turnover of a given company, its condition. The more stable the position of our company on the market, the less risk the bank faces. The interest on the working capital loan usually fluctuates in the amount of 10%. In fact, the interest rate on a given loan depends on the creditworthiness, duration of the loan, the form of working capital loan and the amount of borrowed cash. Entrepreneurs have three options for a working loan to choose from:

  • revolving working credit – the loan is granted on a separate account, and after repayment it is necessary to submit an appropriate application for making the loan amount available. Then it will not be necessary to go through the verification procedure again,
  • overdraft – the possibility of an additional debit which will be on the company account. This is one of the most popular forms of working credit,
  • revolving non-revolving loan – a form of credit granted on terms similar to a traditional loan for companies, including a one-off payment to a person’s credit account

Working capital loan for companies

Working capital loan for companies

A working capital loan for companies is a very good alternative for companies struggling with temporary financial difficulties, especially when the interest rate is extremely attractive. Such a form of credit may allow the company to regain financial liquidity in a relatively short time, and also to create some kind of security against potential problems. So what other benefits does turnover credit have for companies?

The basis is the possibility of obtaining help in financing current operations. Thanks to it, unexpected expenses or regulation of existing obligations will not pose a problem for us. We can allocate entrepreneur’s funds to any expenses that ensure financial liquidity of the company. Another advantage is the time to repay the working capital loan. The maximum period can be up to 3 years, and the borrower can repay it many times and re-start it up if necessary. The money goes to the borrower once or in tranches – it all depends on the person applying for the loan. In addition, the entire procedure does not take much time.

A revolving loan is a good solution for active companies that can take loans not only in zlotys but also in popular foreign currencies, such as the US dollar, Swiss franc, British pound or the euro.