joeredifer.com http://www.joeredifer.com My WordPress Blog Tue, 12 Mar 2019 13:11:41 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.1 Loan despite debt relief – 30 banks help http://www.joeredifer.com/2019/03/12/loan-despite-debt-relief-30-banks-help/ http://www.joeredifer.com/2019/03/12/loan-despite-debt-relief-30-banks-help/#respond Tue, 12 Mar 2019 13:11:41 +0000 http://www.joeredifer.com/2019/03/12/loan-despite-debt-relief-30-banks-help/

More than 8 million people in Germany are overindebted. They can no longer pay their debts in full and therefore have already made acquaintance with a negative Private credit. Often, the debt builds up over many years. They manifest themselves more and more firmly in the lives of those affected and become a major burden. Not infrequently, the load can only be stripped off if insolvency is sought. The last step after a long period of despair and struggle. Because most debtors first try to get their debt under control on their own. They are re-planning their expenditures, agreeing with creditors on various repayment models, and doing everything they can to reduce the debt burden.

If only small debts have accumulated, then this may also work. With somewhat larger debts, however, this usually does not work and insolvency is the last resort. This brings not only a debt relief, but also very narrow-minded procedures and regulations that the debtor must comply with, so that the bankruptcy can be connected after six years. Among other things, no new debts may be accumulated during the period of good conduct.

Often, however, a financial injection is needed despite all this. Because life has to go on and the debtor is obliged to do everything so that as many debts as possible can be settled during the conduct phase. If a loan has to be taken up in such a phase of life, then this must be a loan despite the absence of residual debt.

Who grants a loan despite the release of residual debt?

Who grants a loan despite the release of residual debt?

There will be a lot of rejection in the search for a loan despite the absence of residual debt. Because no bank likes to forgive such a loan. Therefore, it is advisable to take out the loan without asking the Private credit. If the Private credit is not queried, no one notices that there is a residual debt exemption, so that it can not be included in the assessment of the loan application.

Loans without the inquiry of Private credit are given by credit intermediaries or banks from abroad. Large credit brokers such as Crediter have portals on the Internet, over these the loan inquiry and also the admission of the credit can take place despite remaining debt relief. They work with private lenders who can freely decide whether or not to support the loan.

Foreign banks are not allowed to query the Private credit and therefore recommend themselves especially for a loan despite the absence of residual debt. It would be important here that a high income from a permanent position is available, so that the loan request can be met.

Whoever awards the loan in the end does not really matter. With the help of a comparison it can be seen which provider offers the best conditions. When comparing should be paid not only to the interest. Also, the repayment terms and the service around the borrowing should not be lost sight of.

What must be considered for a loan despite the absence of residual debt?

What must be considered for a loan despite the absence of residual debt?

A loan is only possible during this phase of life if the insolvency administrator agrees to it. An additional hurdle, but this must be taken necessarily so that the borrowing does not lead to a rejection of bankruptcy. Anyone who takes out a loan despite the insolvency administrator’s approval despite the absence of residual debt may lose the right to the insolvency proceedings. Then all debts would be present again and a new procedure can only be sought after many years.

The insolvency administrator will agree to the loan, despite the absence of residual debt, only if it is really necessary. Luxury items can not be financed with it. However a vehicle, which is absolutely necessary for the daily way to work.

In addition, no large loan amounts are approved. The insolvency administrator will wave a maximum of a small loan. It is also important to speak to the insolvency administrator in person and authorize the loan in writing. Verbal agreements could not be binding in an emergency.

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Credit despite debt collection http://www.joeredifer.com/2019/02/27/credit-despite-debt-collection/ http://www.joeredifer.com/2019/02/27/credit-despite-debt-collection/#respond Wed, 27 Feb 2019 08:50:40 +0000 http://www.joeredifer.com/2019/02/27/credit-despite-debt-collection/

It is understandable that financial institutions are reluctant to lend despite collection. Finally, the loan seeker is recognizable at least once his payment obligations did not comply properly.Nevertheless, borrowing is possible after a completed debt collection procedure. How difficult this is depends not least on whether the debt collection by a collection agency of the private credit bureau is known.In all cases, it is possible to apply for a installment loan after collection together with another borrower. Its private credit bureau information may not contain a negative entry. A credit bureau is conceivable as an alternative to the co-applicant, but is much less liked by many banks than common borrowing due to high legal claims on the effectiveness of a guarantee by economically inexperienced individuals.

The loan application for a debt collection not reported to the private credit bureau

In order for the private credit bureau to enter a claim that has not been duly paid as a negative feature, it must be unequivocally in place and must be admonished. For the submission of the bill collection to a collection agency, however, the previous exhaustion of the dunning procedure is not mandatory. Above all energy suppliers often sell their existing receivables directly to a collection service provider, if final accounts are undeliverable and they have no direct debit authorization. Sometimes they even refrain from researching the customer’s file and thus do not even realize that their own clerk had forgotten to save the future address communicated by the energy user. You can only have a negative entry made,For the credit despite collection, which is not included in the private credit bureau information due to a not completed before the commissioning of the service provider reminder, all financial institutions are eligible to submit their request exclusively to private credit bureau and possibly Credit reform. Infoscore owns by far the largest debt collection market share, with the result that many financial institutions, in addition to private credit bureau, also submit a solvency request there. Whether the bank selected for the specific application for credit requests only from private credit bureau or from other credit bureaus is seldom apparent from their own statements. It is customary to grant a permit to obtain information from private credit bureau and comparable service providers. Few banks explicitly state which credit bureaus they use

Borrowing according to a private credit bureau registered debt collection

Borrowing according to a private credit bureau registered debt collection

According to the private credit bureau, a loan should be accessible despite debt collection following the settlement of the claim, as it evaluates negated entries marked as settled as neutral credit features. However, this classification is followed by only a few financial institutions, after which those affected look for their credit comparison. Furthermore, some banks, even with a soft private credit bureau negative feature, do not generally deny the loan application. In spite of debt collection and a private credit bureau entry marked as completed for this reason, the application for a loan encounters no particular difficulties for these banks.Alternatively, a Swiss loan can be applied for despite debt collection, since this is awarded without the participation of private credit bureau or another German credit agency. The loan amount in this case amounts to 3500 euros or 5000 euros, with settlement in the European single currency.A reputable credit intermediary asks for the loan requested by the customer despite debt collection at both German and foreign credit institutions. It bundles a high demand for loans and often receives the desired loan in cases where the requested banks have rejected a credit application submitted directly by the customer. The seriousness of the service provider easily recognize credit seekers by the non-calculation of prepayment interest.Consumers who need a bank loan despite a debt collection often accept the first offer available to them without further scrutiny, as they hardly believe that they are also welcome as loan clients to other financial institutions. The waiver of a careful credit comparison is not advisable, as even after a debt collection process several financial institutions as lenders come into question and can be found by checking different offers a cheap loan.

The organized personal loan after a debt collection

As an alternative to a bank loan despite debt collection, there is an organized personal loan that credit seekers can apply for on various online marketplaces. Private lenders are based much more on social criteria than on ordinary credit ratings and are aware of the requests of the applicants, who hardly get a loan from a traditional bank.A further criterion for deciding on a private lending exchange is the stated purpose, as the lenders registered there to a large extent deliberately promote projects that they consider to be worth supporting. A detailed description of the project to be financed therefore leads to a quick drawing of the loan request, which, depending on the amount, is made by one or more installments by several lenders.Part of the online platforms allows creditors to hide the credit data from the potential lenders. However, it is better to dispense with this possibility and to state openly that the request concerns a private loan despite collection, as the potential private lenders reimburse complete details and the non-publication of the credit-worthiness points anyway to a low creditworthiness. Of course, borrowers and lenders in the online credit marketplaces can not see their mutual names and address details, so privacy is guaranteed.

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The Reason for Debt Reunification. http://www.joeredifer.com/2019/02/07/the-reason-for-debt-reunification/ http://www.joeredifer.com/2019/02/07/the-reason-for-debt-reunification/#respond Thu, 07 Feb 2019 16:14:30 +0000 http://www.joeredifer.com/2019/02/07/the-reason-for-debt-reunification/

Many of the people who are overwhelmed by the pressure of their debts, could well put an end to their hardships through something called “debt reunification” and much publicized lately by non-banking companies. What is offered consists of unifying all the debts that can now involve different contracts, with different entities and at different costs or interest rates, under a single loan or credit. Something, which is very normal and common in many Spanish homes.

That is, the mortgage, the letter of the car, the personal loan for the reform of the house, the purchases made with the credit card, etc… However, be very careful with this of the “reunification of the debt”. Where is the benefit? Well, something as simple as paying less per month, but for more months. That is to say, behind the Reunification of the Debt there is the extension of a mortgage or the opening of a new one, with what happens to have a single installment, which is usually lower than what was previously paid for all the debts.

However, that lower fee will be paid for a longer period of time and, consequently, who always wins is the same: The Bank. Well, it is clear that the client or consumer also wins if what matters at a certain moment is paying less per month, even for more months. But that lightening of monthly money is not free, far from it. By lengthening the life of the loans one ends up paying much more in interest. The total cost can be increased by 80%, which in practice can mean paying the bank 472,000 euros for an initial debt of 197,000, that is, 275,000 euros of interest and other expenses.

Reunification of Debt

Reunification of Debt

So that no one is wrong with this of the Reunification of Debt, the Bank of Spain has provided advice to users in their Banking Client Portal, that when analyzing this operation, pay special attention to the total expenses of the operation, since these operations have processing and formalization costs; the credits that are canceled usually apply commissions or penalties for early payment; the modifications in the mortgages entail notary expenses, registration and taxes, and the opening of a new one entails other commissions and new disbursements. Within the financial sector this business is beginning to be pointed out as the closest thing that there is in Spain to subprime mortgages in the United States.

Its proliferation has caused alarm and has led the Ministries of Economy and Finance and Health and Consumer Affairs to try to regulate them. Currently, a bill is being processed which will oblige financial intermediaries, (a sector that has grown as the foam in recent years in Spain, according to data from Tormo y Asociados, currently operating 53 companies that they have 5,710 establishments) to sign up in a register and, above all, to detail the cost of their services well to customers. One of the objectives of this regulation is to try to make them more transparent. In many cases, the costs of the fees are included in the unified debt and the user does not even know that he is paying up to 10% for the services received. The fees depend on each entity and operation, but they are higher than in financial institutions.

 

 

 

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