Archive March 2019

Personal loans, usually read easier than they really are, sometimes it is difficult to follow so many tips that a friend tells us or that some “guru” of finance says it is “the best” we can do.

Life is full of unforeseen events and these are what most of the time make us fall into financial bumps. However there are very simple things that we can avoid to have healthy personal loans.

These are the four things you should avoid to get your personal loans in order.

1. Spend more than you earn.

   

As illogical as this is read, the truth is that the vast majority happens to us, especially when we have consumer loans, sometimes we do not perceive how much we are spending, because “the simplest thing” is to pay with the card.

But not all credits are bad, especially if they help you get out of debt. Remember that there are options to consolidate your debts and even save you a lot of money in interest. Doopla is an option to apply for a loan with fair interest to pay your expensive debts.

2. Carry your credit cards everywhere.

   

No, we do not tell you to give them up, simply that we are always considering that “it is too much money”. When you go shopping you take cash so you limit yourself to what you bring.

3. Make purchases without lists.

   

Not only that of the supermarket, plan all the purchases you are going to make. If you have to buy clothes, make a list on your mobile device with your needs, this will not only help you spend less, you will also save time.

4. Set your fixed expenses.

   

The expenses that are totally necessary must also be fixed and those that can be reduced, do not hesitate to do so. For example, it is useless to have the largest pay TV package if you only see it on weekends and that sometimes, consider cutting these expenses.

Consolidate your debts already acquired are part of your fixed expenses, so if you already have options to start paying less, it is time to take advantage of them. Do not hesitate to visit Doopla, the online loan platform to obtain a premium loan to help you settle those debts faster.

No doubt these are four basic points that you should NOT change, if you want to continue with debts, if you already decided to try to keep your loans in order, it is time to take action with respect to these four basic points.

In order to carry out projects, especially if of a certain weight, it may be necessary to resort to financing. Among the various types available, the loan with proxy is a solution that can be accessed by employees with permanent contracts.

But is it possible, once requested, to extinguish it in advance?

Let’s find out how to do it in this post: here are the characteristics and methods for early repayment of the loan by proxy.

What is a proxy loan? 

The loan with proxy is a type of loan (regulated by Article 1269 of the Civil Code) at a fixed rate and with constant installments, reserved for employees who have certain characteristics in relation to the legal category of the employer, the length of service matured and the type of employment contract. In general, they can apply for a loan with a delegation (or double-fifth) to state employees, a large part of public employees and private employees with permanent contracts, subject to verification of the case. The proxy loan can in fact be added to the Cession of the Fifth and the relative two installments can not exceed 2/5 of the salary.

Additional liquidity.

This particular form of personal loan is reimbursed by the client through a payment delegation, issued to the Bank, of a share (up to a maximum of one fifth) of his salary. It allows to obtain an immediate liquidity that is added to that already connected to any loans in progress (with restitution through the assignment of the fifth salary ).

Preliminary evaluations, including on rates.

Analyzed the economic conditions of the loan and after having ascertained the effective possibility of using this type of loan, also evaluated the APR (Annual Effective Annual Rate) and the TAN (Annual Nominal Rate), verifying what the actual amount of the loan is installment that you will have to support. During the underwriting phase, make sure that there are insurances, provided by law, to protect eventual insolvency: life insurance policy and employment risk policy.

How it works.

As for the Cession of the Fifth, even in the case of a proxy loan, it is not required to specify the purpose. However, unlike the assignment of the fifth, it is expected that access to this form of financing is governed by a special agreement between the employer of the applicant and the granting institution unless it is discretionally authorized by the employer. The repayment of the loan by proxy takes place through the payment of the installment on the paycheck. The loan can be paid in installments up to 120 months. Recall that the sum of deductions for the loan by proxy and the assignment of the fifth can not exceed 40% of the paycheck.

The early repayment of the loan by proxy.

The early repayment of the loan by proxy is governed by various provisions on loans attributable to consumer credit. Early termination can be requested by submitting a specific application to the credit institution, attaching a copy of the identity document. Usually the credit institution replies within ten days of receipt of the request with the issuing of the extinction account, ie the total amount to be paid to extinguish the loan. You can pay by bank transfer on the Ditam indicated in the document sent by the bank, by the date indicated. The option of early repayment of the loan by proxy is exercised through the payment, on the part of the customer to the creditor, of the residual capital and, if explicitly provided for by contract, through a fee not exceeding one per cent of the residual capital. It is understood that consumers who pay off their loan early are in any case entitled to a reduction, by the lender, of the total cost of the credit due, for an amount equal to the amount of interest and costs for the remaining duration of the loan contract. In particular, this reduction refers to the portion, at the time of early repayment, of the interest not accrued, the insurance premium not taken and other costs relating to the residual life of the debt.

The employer must also be informed of the early extinction, because we are talking about a double fifth that includes a deduction from the paycheck. The credit institution, received the balance for the early extinction of the loan by proxy, will send to the applicant and to the employer a release certifying the closure of the loan, in order to stop the monthly deductions on the salary.

They say that when we really know a person is when we see him face his adversity, when we appreciate his reactions to the unexpected. Sooner or later we all have to deal with some unforeseen event. So, the important thing is not to avoid the unexpected but to know how to face them. These setbacks come when we least expect it and, in many cases, destabilize our economy. Therefore it is important to know some effective solutions that can help us get ahead in the shortest time possible. We in this article will talk about quick mini-loans and how they can help you in certain situations.

We can not choose what happens to us, but we can choose how we act with regard to what happens to us.

Mini quick loans for problems at home

At home we spend a large part of our time, therefore, it is normal that we happen unforeseen in it. We talk about the typical faults or problems of household appliances (especially the washing machine, refrigerator, dishwasher and some more), pipes, furniture, electronic devices (such as television, computers, mobile phones, router wifi…), etc. When we experience one of these unforeseen events, we see how our day and possibly our week are altered. We must try to solve the problem as soon as possible. If we have the economic capital necessary for this, the problem is much smaller. Things get complicated if we do not have enough liquidity. That’s when the quick mini-loans of Abuebank! They can help you solve the situation.

Mini quick loans for the car

The breakdowns of the car are also part of the group of main causes of unforeseen events. Whenever we encounter a problem related to our transportation, we get on our nerves. The car is something we need to move, above all, to work. Therefore, when we see that we are going to have to do without it, we are altered. And not only that, the repair costs are usually quite high. This sum of disadvantages makes us find ourselves with a rather tricky unforeseen. The best thing is to assist a quality mechanic who offers you a substitution car, to be able to get out of the way. But, as we know, mechanics are expensive. Therefore, this is another case in which asking for a quick credit can reduce the severity of the situation.

All this can also be applied to motorcycles and other frequently used urban transport.

Mini quick loans for fines and bills

One of the most unpleasant incidents. The fines, which may be from different areas, require us to disburse a sum of money for having committed an infraction. There are fines of very little amount, but there are also many others with high amounts to pay. If at the time you receive the fine you do not have enough money to pay it and you run out of time, you can request one of our quick mini loans.

Mini quick loans for unexpected expenses

In general, from time to time, we exceed our expenses. Sometimes it happens because the bills for electricity, water and gas reach us higher than normal. But other times it is also because we have bought and left more, what we know as living beyond our means. Doing it from time to time is not bad, let alone knowing that there is a solution for these sporadic excesses. With our fast mini loans you will not have to worry.

And how do mini-loans work online?

Well, it’s very simple. All you have to do is access our website and request the money you need regarding the unexpected that you have encountered. You must also select the time during which you want to have the money. By filling in a quick form you will have completed your application. If we accept it, you will receive an email with the mini loan contract and you will only have to accept it. Minutes later you will have the money and you can solve the unexpected to avoid more headaches. Fast and effective.

On average, about 20,000 loans are issued in Germany per day. A very high sum. Especially when you consider that the requirements that one must provide as a borrower, are quite narrow. Because only those who have a good credit rating can also benefit from a loan.

A good credit rating also includes a good income. This must be significantly higher than the so-called seizure exemption amount. So the limit, which says how much money a person has to be left alive. For individuals, this limit is currently € 1,079.99 per month. If you are married or dependent, this limit increases accordingly. A blanket statement of the minimum income for the borrowing can therefore not be made, as this is always dependent on the borrower.

Is an income of 900 euros sufficient?

If a loan with 900 euros income is sought, then everyone should be aware that this income is not sufficient for taking a loan. Especially not if the loan is to be taken out at a bank or savings bank. Only a consumer loan would be possible, since this does not require a particularly high income. Unfortunately, all other regular loans can not be realized with such an income. The income is too low to cover all expenses and credit. In any case, the train of thought of the banks, if they decide on a lending.

It does not matter whether the income can only be considered as a sideline, because the spouse earns enough money and you only work a few hours, so you do not spend the whole day alone at home. For the banks it is too little, because neither can be impounded, nor by the low income a sufficiently good security exists.

Despite all this, nobody has to worry that there is no credit at all with 900 Euro income. There are plenty of opportunities to put the loan into action even with this low income. You just have to stretch a little more and allow some help with borrowing. Then this also succeeds.

The guarantee

Anyone who is married knows the procedure with certainty. The bank always inquires before granting a loan whether the spouse can not vouch for it. No matter how good the borrower’s requirements for borrowing may be. The banks and savings banks are in fact on many collateral around the credit. And the guaranteeing spouse is one of the best securities. Even if, as a borrower, you do not have to comply with the wishes of the bank.

Even a payday loan with 900 Euro income can be made with the help of a guarantor. It does not matter whether the guarantor is the spouse, partner, good friend, or relative. Rather, it is important that the additional person is solvent and receives a higher income than the actual borrower. If this is the case, then the credit is well secured and can be absorbed in many cases. Namely always, even if the private credit fits and the loan amount is not set too high.

Consumer credit

In addition, the consumer credit mentioned above can be taken as a loan with 900 euros income. He is offered by many retailers. Mostly from the fields of technology, furniture or clothing. The consumer credit should help to pay for the purchased items with the help of small manageable rates. Financing is handled directly by the dealer, who works with a bank and completes the loan application and sends it to the bank.

Since consumer credit is earmarked, the borrower does not receive the money but receives the financed goods. The money goes to the dealer who is out of the deal with it and handing over the remaining settlement to the bank. These are then followed by the monthly installments until the consumer loan is completely repaid.

The special thing about consumer credit is the fact that there is no need for a high income. There is enough income of at least 450 euros per month. This is because the financed articles can be considered as collateral and can be seized at any time if the settlement of the debt is not regulated. On top of that, a good private credit is needed to use the consumer loan as a loan with 900 euros income.

By the way: A consumer credit is not only available at the retailer around the corner. Also many online traders offer this kind of convenient financing. They call it purchase on account or installment purchase and thus provide a loan with 900 euros income.