MonthFebruary 2020

Debt consolidation loan info -Debt consolidation: what is it?

Debt consolidation: what is it?

Are the installments to be paid for mortgages or loans too many, and too heavy for the family budget? Debt consolidation can be used. What is it about? Read what is a debt consolidation in this article.

Debt consolidation, an instrument introduced by Italian law with Legislative Decree 212/2011 to avoid the over-indebtedness of families in a period of crisis such as the current one, is nothing more than a loan that allows you to face a certain number of installments also related to different loans, grouped together in a single installment of a lower monthly amount, a higher amortization period and a similar, if not lower, interest rate, which makes the extinction of the debt more sustainable and better manageable, weighing less on the family portfolio.

The previous loans are paid off by the bank or the finance company that accepts your consolidation request, becoming the only creditor of the loan.

Who can request it?

The loan for debt consolidation can be requested by natural and legal persons who already have home loans and loans, and, theoretically, by people who are in any income condition as long as sustainable or guaranteed: public or private employees, pensioners, artisans, self-employed and even unemployed.

How to get it?

debt loan

In order for the consolidation loan to be granted, some factors must be taken into account: the applicant must not represent a risk for the institution (according, of course, to the criteria of the institution itself); the relationship between your monthly income and the installment must be sustainable; the applicant must not have reports of bad payer against him.

If the applicant does not have a regular income or pension, the bank providing the loan, after examining the applicant’s financial situation, will request the presence of a guarantor as further protection against possible insolvency. However, banks are not expected to apply for pledges or mortgages on properties to protect themselves from insolvency, unless it is specifically a consolidation loan.

In order to disburse the loan, the bank needs all the documents related to the loans to be paid off. Extinct accounts are particularly important, that is, the calculations of the residual debt that must be repaid to the original creditors. These calculations are evidently the basis for determining the amount of the loan to be granted for consolidation.

The contract: what must it contain?

In the loan agreement for consolidation, according to the law, it is necessary to indicate the data and contacts of the lender, the amount of the loan, the number, deadlines and amounts of the installments, the method of disbursement, interest rates, prices and conditions applied (including the rate of default), the APR and the way it is calculated, guarantees required and any additional insurance coverage.

Loan without guarantor – Apply now!

Despite constantly increasing security requirements for every loan, it is not impossible to demonstrate personal responsibility. Loan without guarantor is granted as a regular loan or as a special loan without Credit Bureau.

Loans with guarantors or co-applicants can be an arbitrary claim by the bank or indicate a real credit risk. We want you to draw the right conclusions from the guarantee claim. The credit advisor identifies ways in which you can obtain credit confidently and independently.

Loan without guarantor – possible reasons for the guarantee claim

Loan without guarantor - possible reasons for the guarantee claim

Across Europe, commercial credit providers may only grant credit if lending is considered secure. Loan without guarantor automatically offers the lender less security for lending than a guarantee loan. “Style blossoms” developed from this situation. Some banks even request spouses as co-applicants if there is no risk and the partner would not be economically liable.

Such a case would exist, for example, with the installment loan from Good Lender. Married couples must apply for the loan together. It does not matter whether one partner does the household and the other receives a six-figure annual income. But, such examples are the exception. A simple change of provider to an alternative lender from the loan comparison is enough to solve the problem.

It would be different if the bank refused the loan without a guarantor, since the personal credit rating is not sufficient to grant the loan. If there is a lack of personal creditworthiness, the credit institution regards the loan approval as a real risk. It would of course be possible that the risk appears too high only on the requested loan terms. This would be the case if an application was made at a particularly favorable interest rate independent of creditworthiness.

What to do if the bank requests a guarantor

What to do if the bank requests a guarantor

First of all, it is important not to stick your head in the sand. It would be important to understand why the requested credit institution demands the guarantor. As already mentioned, was it an extremely cheap interest rate that was offered, is there a real credit risk? The cause could be clarified by changing the offer. As a precaution, however, you should now only make a non-binding advance credit inquiry.

Credit Bureau will be notified of any bindingly requested and rejected credit request. Credit Bureau’s credit rating drops without being guilty of misconduct. A non-binding loan request is not marked negatively in the Credit Bureau, no matter what the credit decision looks like. If a higher-priced provider approved the loan without guarantor without obligation, the problem would already be solved.

Otherwise, special offers remain an option if you absolutely need to take out a loan. Credit with a negative Credit Bureau without guarantor is not an exceptional case, but the rule, provided sufficient creditworthiness for the lending would be demonstrable. The Agree Bank from Liechtenstein offers proof that it is also possible to act independently with a negative Credit Bureau credit rating.

Credit with negative Credit Bureau – get credit without guarantor

Credit with negative Credit Bureau - get credit without guarantor

Foreign bank credit without Credit Bureau almost automatically leads to the Liechtenstein bank. She is ready for the credit check to refrain from viewing Credit Bureau. Despite the high credit risk, the bank already excludes the guarantee loan in its credit terms. Either someone can afford their loan or they don’t get a loan. It can be similarly clear when it comes to credit despite Credit Bureau from Germany.

Best Bank offers borrowers quick credit, even if the Credit Bureau has a negative entry. The money can even be on the way for first-time applicants within 24 hours. The company generates credit security through short terms and small loan amounts. The concept is simple. Everyone who has a negative Credit Bureau entry knows the problems with liquidity shortages without overdraft from their own experience.

A small loan amount, in a manageable term, he will probably repay in order to keep the credit opportunity for the future. For existing customers who have already demonstrated their ability to repay, Best Bank even offers credit without a guarantor in 30 minutes. The loan amount could now, assuming sufficient income, be up to 3,000 USD with a term of 6 months.

Loan without guarantor – creating alternatives

Loan without guarantor - creating alternatives

If regular credit institutions require a loan guarantee, the provider is concerned with securing capital. This security can not only be guaranteed by a surety. Alternative means of protection would also be fixed capital, such as a savings contract or a real asset. Typical real assets that could secure a loan would be real estate or the paid vehicle.

Securing consumer loans without guarantors right away with the house as a pledge would, of course, go too far. A vehicle, on the other hand, is a property that is easy to sell, but in the long run the loss is not irreplaceable. Commercial lenders grant credit with the Kfz letter as collateral up to the amount of the real mortgage lending value. An official estimate (DAT) can show how high that is.

Reputable credit brokerage – loan without private guarantees

Reputable credit brokerage - loan without private guarantees

Reputable credit brokerage, unlike what the rainbow press sometimes says, is not an advertising invention. For example, Good Finance and Best Lender enjoy an impeccable reputation for serious loan brokerage without tricks and traps.

We recommend applying for the loan through Good Finance without any guarantor. The seriousness of the portal is demonstrated by the good media reputation and independent studies. Another advantage for Good Finance is that it is possible to use Kfz-Brief to obtain a loan from a bank or privately. One application covers all of the possibilities.

You don’t have to worry about a proven non – bank loan

If you give your confidence to those who have been on the market for a long time and have good references, you don’t make a mistake!

Fast action, which will cost up to fifteen thousand dollars. Just a few clicks, document scanning, identity confirmation, and the whole thing is done – discreetly, from the comfort of your home, online and without much other formalities. Very short contract, no guarantor or prepayment, postponing the due date for a fee of up to four more weeks if you still don’t have enough money to repay. And that’s not all, because you can apply for a similar loan at any time – 24 hours a day, seven days a week!

Three simple steps – and the loan is yours!

loan is yours!

You don’t have to deal with anyone in person, you don’t need to go to a branch. In short, nothing that would mean a loss of time, the negotiations begin with one click and can be closed quite quickly. In many cases, just a few minutes are enough to just agree on the exact wording of the loan, ie how much and how long you want to borrow – and also to verify your identity. Nothing is needed anymore, do not expect further questions. Certainly not those that are directed to the purpose of using the loan, which can be concluded up to fifteen thousand. Non-bank loans today can be very diverse, which is great news not only for those who need little help, but also for applicants, who are not enough thousand dollars.

Ask calmly regardless of the current time of day

non-bank loan

Do you decide to borrow in the evening, midnight, during the holiday morning? None of this is a problem, because the application can be sent at any time! You do not need to call for some info line because everything will happen in the online space. Loan 10000 is very simple, you only need to register on the official website of the provider, ie in other words, fill in a formal application. What must not be missing?

  • Confirm identity. Simply, the ID card scan, respectively. identity card for foreigners.
  • Permanent income – how do you earn a living? Applicant can be retired, employed, self-employed…
  • Basic personal data. Age, social security number, or place of residence.

You do not have to worry about the security of your personal information, as they will be encrypted very carefully on the server. This ensures that they do not get into the wrong hands, so the contact database is hidden from the public’s eyes. So the loan will be absolutely discreet, neighbors or acquaintances will have no idea that you are negotiating a small loan. You will not even pay registration fees, money in advance is not a necessity – on the contrary – you only pay the principal of the loan and the interest agreed in advance, nothing more and nothing less!