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Express loan without credit check

Blind credit without credit check – immediate payment For many consumers, it is very important to receive a credit immediately. Very often, a flash-coupon without credit check is sought. Are you still undecided whether to apply for a loan? What do you need a loan for? My last question: would you prefer to pay back the loan quickly or more slowly?

Meanwhile, there is a loan for almost all cases that can be claimed. The loan is very variable and can be granted in any order of magnitude. However, they are only granted if the conditions are met. Around seven million people in Germany have difficulties with the Credit Bureau. They want to get a flash without credit check.

Loan guarantee

Loan guarantee

In addition, some of them have no fixed bonds. In such situations, however, it will come to a rejection. There is no guarantee that there will be enough funds to repay a loan amount. In addition, credit institutions are required to review the creditworthiness of each individual consumer.

Consumers are trying in vain to get a blitz without a credit check. They will always check the creditworthiness in some form. Although there are no loans, there is no need for a credit check here. In this case, a credit check on the creditworthiness of borrowers is taken into account. If you do not want the Scufa check, choose a loan without Credit Bureau. But here the result and also the bank account is checked.

The National Bank would undertake a risk far too great if it were to grant a blitzkrieg without a credit check. If the consumer finds a concrete offer of services in which the lending takes place without a credit check, it should not be accepted. All credit offers have been checked by the publisher! There is no blitzkrieg without credit check. The private investors will not conduct a full credit check.

Check salary to get a loan

Check salary to get a loan

At least the salary must be checked to get a loan. Here, too, at least a small credit check takes place. If you only want to complete a lightning credit without a credit check because you have a dire dictatorship, you can escape the dictatorship this way. Often, a private loan without the mediation of the Federal Financial Supervisory Authority (Credit Bureau) is granted. Thus, at least with this restriction, a loan can be made.

Those who are not going to gain fame because of bad credit should take a detour. If a family member or acquaintance were willing to grant a loan, the applicant would pay off a loan. However, it should be noted that the applicant is going through a credit check. Then he can forward the credit amount to the actual borrower.

The risk that the loan will not be repaid is the sole responsibility of the borrower. But if he trusts the personality and wants to give it recognition, then this is the only way to get a quick recognition without a credit check. Without credit check there is no credit. Anyone, whether banker or individual, will prove the credit worthiness of the client in his own way.

It should be noted that every credit is also a debt. If you have no money, you can not repay the loan, even if it is given by another person.

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Unemployed loan without credit check

Flexible framework conditions for loans to the self-employed without credit checks will provide a basis on which the loan can be changed and adjusted to suit personal circumstances within the term of the loan. A certified proof of income or Credit Bureau information. Normal domestic banks will reject your loan application, so in this situation you have no choice but to take out a loan without Credit Bureau. A loan for unemployed A loan for the unemployed is not easy to find. There are many loan sharks on the internet, but you get serious conditions.

Information-free credit without credit check

Information-free credit without credit check

Loans without a credit check finally help finance flexibility and money worries to put an end to it. In recent years, the situation has changed. A loan amount is the amount over which a construction loan contract is blocked, but all debtors remain fully available to reach their capacity until the outstanding amount has been withdrawn. Part of the homeowner’s allowance: Under certain circumstances, homeowners and houses have the option of securing a child benefit in the so-called manner for every child living in the home.

Inquire in the credit encyclopedia about lending and recognize for yourself that convincing a loan without having to convince on whole line Once the loan is approved, the car loan loan is usually immediately available at the disposal, making the new one available Vehicle will not long remain an old urge. If a disclaimer over a longer period of time, it may be cheaper to replace this loan with an installment loan to save interest.

The repayment at the end of the period usually takes place either from an assigned construction loan agreement or from a supplementary insurance due. Ideally, the installment loan is to make larger purchases, for, the necessary prize money is not yet saved.

The lending institution acts as a lender and becomes a loan partner of the borrower. Like creditors, each house bank will issue a credit check before a loan commitment. The rescheduling without intervention of the Federal Financial Supervisory Authority will be enforced by a cooperation of the bank with domestic and foreign credit institutions.

For example. for Comprehensive construction measures, rank themselves in private mostly only moderately. The million loan differs only slightly up to the amount of the loan from a conventional loan. A large loan, for example, for extensive construction work, is usually very sparingly in private individuals.

Unemployed loans: The following options are available

Unemployed loans: The following options are available

Unemployment has no secured salary, which is why they usually fail the credit check. However, there are several opportunities to get a loan. According to experts of the industry portal KreditNetz.com, the decisive factor is that this option should only exhaust job seekers due to their low income in an emergency, they should not be overly indebted. Unemployed people can expect a good credit decision if they provide additional collateral to a house bank.

In both cases, the persons concerned must have a sufficient creditworthiness, a fixed income and a positive Credit Bureau file are prerequisites for the institutions. Applicants and guarantors bear the full default risk. But there are also Swiss banks that lend despite negative Credit Bureau entries loans. Such as B. the provider Bon credit.

Some credit institutions offer a special jobless loan, and unlike credit institutions, they apply much freer credit rating standards. In addition, unemployment benefits are classified as secured and loans are granted at a low interest rate. It is important whether the unemployed are entitled to the ALG or the lower ALG 2. The first one is involved in how much the addressee registers and how long the loss lasts.

Disadvantages are the higher expenses, if unemployed people want their assets back. These far exceed the initial cost of a bank loan. The employment offices also grant small loans, but are limited to a few emergency situations. Did you gain further experience with an unemployment loan?

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Mini-loans Online: 5 Reasons of Weight to Ask for

Online mini-credits have revolutionized the financial market because they have become real lifesavers for many families. While it is true that they are ideal solutions for you to deal with economic unforeseen events, they are increasingly used to finance certain issues without affecting your liquidity.

Why request mini-loans online?

Why request mini-loans online?

At a time like this, we have at our disposal a wide range of financial possibilities. In this context, the demand for online mini-credits increases every year, especially in times when families face large disbursements.

On other occasions we have explained the benefits and advantages of these financial products, so, this time we want to focus on pointing out some of the reasons for requesting them.

1. Health

You already know that health is the most important part of your life and that of your family, however, there are some treatments that have a high cost, either because they are not included in Social Security or because you are urgent and do not want to wait wait. We understand you We know there are issues that can not wait, and health is one of them.

For this reason, you can request online mincreditos to finance some treatments or tests whose cost is a little high. In a few minutes you will have the money in your account.

2. Finance the studies

As you well know, investing in education is investing in your future or that of a member of your family. Do you need that course to prosper in your career but you can not afford it? It’s time to ask for a quick credit online that allows you to get the money to do it. There are many young people and adults who resort to this type of solutions to improve training or pay tuition.

3. Safety at the wheel

The maintenance of the vehicle always entails a series of expenses throughout the year and, normally, they are not reduced. However, for your safety and that of your companions, you know that you can not delay the repairs that your vehicle requires. So if you look too burdened to face so much expense, ask for an online mini-credit to help you cope. You already know that they are financial solutions without endorsements and that they are processed in a few minutes.

4. Fines, debts or taxes

Many people choose to apply for mini-credits through the Internet in order to face the payment of certain taxes such as personal income tax, the IBI or even a fine. Sometimes you have the option to ask for a postponement and, even then, not be able to deal with the payments in a comfortable way. Do not worry, you have fast credits available for you to face your tax obligations without being sanctioned by the administration.

5. Events that you can not miss

The wedding of your best friend is a reason to celebrate. You are very happy for him and you know that you want to make the best of the gifts, however, many times the financial outlay you need is not good for you. And once again you have mini-credits through the Internet to save the situation, make a good gift to your friend and pay all the expenses that the event will require. You know it’s worth it, money comes and goes, but there are friendships that are for life.

Now you know some of the compelling reasons why you can order online mini-credits. In Astro Finance we offer different options so you can choose the one that best suits your needs and deal with your payments without any problem. Do not delay your life because of economic problems when you have the solution so close.

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Taking Loan Despite Negative Credit Bureau

Nonetheless, borrowers have the option of receiving a so-called “Swiss loan”, for example from a bad rating agency. The money for this loan comes from abroad and above all from Liechtenstein.

Recognition despite rejection – even with negative Credit Bureau

Recognition despite rejection - even with negative Credit Bureau

A credit in spite of cancellation does not necessarily have to be the end of a willing will. Loan collateral, such as a guarantor, can under certain conditions be used to increase creditworthiness. There are also loans that are free of start-up costs that can help you out of the credit crunch if your Credit Bureau is bad. Nonetheless, a debtor with a bad credit does not receive credit from a German-based bank.

Are you still undecided whether to apply for a loan?

Are you still undecided whether to apply for a loan?

What do you need a loan for? You have already created one of the essential conditions for a loan payment. Do you have one or more negative Credit Bureau entries? My last question: would you prefer to pay back the loan quickly or more slowly?

We have put together suitable offers for loans %%% num %%%. The loan was requested, the house bank refused. The insufficient income, the bad Credit Bureau or the temporary work. Nevertheless, the debtors have the option to conclude a so-called “Swiss loan”, eg in the case of a worse rating agency. The money for this loan comes from the domestic and especially from the domestic.

The credit despite refusal goes into the profession of the credit intermediary. These are in the field of non-credited loans and loans despite rejection savvy financial services providers. He not only has contacts to foreign credit institutions, but also knows those in Germany, where a bad Credit Bureau is no reason to exclude. Therefore, a serious credit mediator will also seek to get credit from a German bank despite Credit Bureau.

Nevertheless, the Credit Bureau means that the Credit Bureau can be inspected. A credit institution with contractual partners is Credit Bureau, which deals with general credit insurance. Every credit inquiry, every account opening and every contract of a mobile phone contract is communicated to the Credit Bureau. Only if there are payment irregularities such. For example, reminders, seizures or disclosure oaths, to mention only a few points, it comes to a negative passport.

This has far-reaching consequences for the debtors, as they no longer get loans. Anyone applying for a loan despite the cancellation should inform themselves at the Credit Bureau. With this he can immediately see how his Credit Bureau points are and from that possibly conclude how his creditworthiness chances turn out. Swiss Credit – The Problem Solution for Financial Problems?

For a selected lender, a loan is claimed by the customer and the loan is rejected because of the wrong creditor. As part of a loan mediation, he can then raise a free credit. There are restrictions, someone receives Hartz IV or is unemployed or receives other social benefits that will not get this credit. The borrower must have income that has a countervailable portion.

For a single debtor, the 1150 USD gross. Thus, a four-member household already has to earn 2500 USD in the course of the month for the creation-free credit. Permanent employment is very important as the loan is secured by the labor income. For a serious loan mediation, no upfront costs and no upfront payments are required.

The credit procedure is the same as for an online credit. The customer submits her application to the credit intermediary. All credit offers have been checked by the publisher! Status: 11.05. 2018 *) So many times this offer has been read by our website visitors over the past 30 days. This means that it checks the result on the basis of proofs of the past three months, bank statements from the same period.

Based on this information, a provisional credit note will be given to the customer. Only after these documents have been checked by the house bank may a loan approval with subsequent distribution be granted. The loan is not included in the Credit Bureau and the Credit Bureau is not requested. If you are looking for a loan despite the cancellation, you can rely on your health insurance.

The borrower takes her own capital, so to speak, from her insurance company. Again, the Credit Bureau query plays no great importance. The borrower only has to contact her insurance company to inquire if it is possible to take out the mortgage life insurance mortgage. How can a loan come about despite cancellation? If the loan is rejected by the house bank, the reasons for the rejection are given.

The borrower could then tentatively exclude these sites criticized by the house bank. Often, the loan can still be granted with the appointment of a guarantor. A second borrower could also be involved in granting the loan. But he, too, must be solvent, that is, a decent salary and a healthy Credit Bureau.If none of these personal names can be given, physical security can support the loan.

Maybe the borrower owns a property, maybe he has mortgage insurance or other savings. Conclusion: A loan despite cancellation is usually provided with the reason. A monthly effort seems too high as a short-term loan term has been selected. In general, the lending rates should always be adjusted to the result.

It is possible that with a longer deadline, the lending rate may be lower, making it affordable. A recommendation that some debtors should take to heart. Borrowing with relatively weak creditworthiness should only be made if it is feasible. If a loan default occurs after a few years, the negative consequences are much more serious than if a loan was not granted despite the cancellation.

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Farmer Loan Products (Eligible Payment Conditions)

As one of the banks responsible for paying incentives for agriculture and animal husbandry, various credit opportunities can be used through publicly owned Good Credit.

Continuing its activities in order to understand the needs of the farmer within the scope of the Agricultural Banking activity and to offer appropriate solutions in line with the needs, Good Credit is preferred by more and more producers with its farmer loan products. It is possible to meet the financing needs in a short time through Good Credit, which has dozens of different products on different subjects.

Good Credit Farmer Loans

bank

Through Good Credit, it is possible to benefit from business and investment loans needed in various fields such as crop production, greenhouse cultivation, ovine or bovine breeding, poultry farming.

Preferred by farmers, especially with the strategy it follows in terms of payment plan, Good Credit is based on the harvest period in terms of payments. In this context, farmers who want to take advantage of the related loan products can go to the nearest Good Credit branch and request that the most appropriate payment plan be created.

Business Loans

Business Loans

Loans that can be used within the scope of business loans through Good Credit are as follows:

  • Plant Production Business Loan,
  • Dairy Farming BCH loan,
  • Dairy Farming Business Loan,
  • Livestock Business Loan,
  • Greenhouse Business Loan,

Crop Production Credit

Within the scope of plant production business loan to be allocated through Good Credit, field, garden, under cover, soilless, water culture production etc. It is possible to meet the financing requirement for the productions made on the subject. Thanks to the loan product required to meet these needs, payment requests can be made on issues such as seeds, fertilizers, herbal medicine, fuel, transportation, marketing and the purchase of various fixtures. Documents to be submitted to Good Credit branches when applying are as follows:

  • Birth certificate,
  • ÇKS certificate ,
  • Documents such as land registry record, lease contract proving agricultural enterprise,
  • Documents related to the guarantee to be given,
  • Balance sheet and income statement for the last three years, if operating on a balance sheet basis.

Dairy Farming BCH Loan

It is also possible for dairy farmers to turn to rotary loan products such as BCH loan in accordance with their cash flow. Thanks to this loan product, opportunities such as up to 12 months maturity, 3-month period interest collection, and payment of principal debt at the end of the maturity period can be utilized. The documents that must be submitted to Good Credit branches in order to benefit from the related loan product are:

  • Birth certificate,
  • Residence registration,
  • Copy of title or lease contracts,
  • Business registration certificate, animal passports, membership information for members of breeder unions,
  • Greenhouse agriculture document, if relevant for greenhouse activities.

Dairy Farming Business Loan

Within the scope of dairy farming business loan, farmers have the opportunity to allocate the capital they need to cover the costs incurred during dairy farming. Thanks to this loan product, it is possible to withdraw up to 75% of the production cost. 24-month maturity and monthly, 3-month, 6-month installment payment plans are available. The documents that farmers who want to take advantage of this loan product and finance costs such as feed, medicine and care should submit:

  • Farming certificate,
  • Birth certificate,
  • Certificate of breeding union or milk producers association,
  • Animal passports,
  • Operating license,
  • Documents related to the guarantee to be given.

Livestock Business Credit

It is possible to cover the expenses such as feed, electricity, fuel, maintenance and veterinary services needed during the production within the scope of the livestock business loan. The information that must be presented in order to benefit from this product, which is mutually allocated in a way that has the most appropriate payment plan, is as follows:

  • Farming certificate,
  • Birth certificate,
  • Certificate of breeding union or milk producers association,
  • Operating license,
  • Documents of guarantee,
  • Documents confirming the animals owned.

Greenhouse Business Loan

One of the loan products allocated within the scope of Good Credit Agricultural Banking service is greenhouse business loan. Thanks to this loan product, people who want to invest in modernization in their existing greenhouse or who want to install a new greenhouse can use loans with 60-month maturity and monthly, quarterly, six-month or annual payments. The documents needed to benefit from this loan product are:

  • Copy of identity card,
  • Certificate of residence,
  • Title deeds or rental agreement,
  • Greenhouse agriculture document.

Investment Loans

Investment Loans

Some of the loans that can be used through Good Credit are also covered by investment loans. Loans that can be used within the scope of investment loans are:

  • 0 or 2nd hand tractor loan,
  • 0 or 2nd hand car loan,
  • Machinery and equipment loan,
  • Agricultural land purchase loan.

Cards

In addition to these credit products, it is also possible to supply products which provide serious convenience to the producers. These cards are unique products developed specifically for farmers, are generally preferred to benefit from the most advantageous offers, it will be sufficient to go to the nearest Good Credit branch for application.

For applications and other issues regarding the bank’s related products, you can go to Good Credit’s website, as well as read our article on Good Finance Agricultural Credit Products and Conditions for Farmers, one of our other articles on similar products, in an average of 4 minutes.

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Maternity loan – the specifics of a loan during pregnancy

Expectant mothers are subject to protection regulations and are not allowed to work six weeks before the expected date of birth. Already with the beginning of the pregnancy restrictions and work prohibitions apply when dealing with dangerous substances or with increased loads at the workplace.

The general prohibition of employment is extended if the temporary cessation of employment is indicated for health reasons. Expectant mothers receive benefits from the health insurance during the maternity leave, these are increased by the employer, so that no income loss incurred. A credit in pregnancy will. The need to move to a larger home and purchase the baby equipment will in many cases make it necessary to apply for a loan during pregnancy. In an employment relationship expectant mothers apply for the loan ideally before their entry into maternity protection.

The lender may not ask for a pregnancy

The lender may not ask for a pregnancy

As long as an expectant mother is not yet subject to the maternity protection provisions, the specifics of a loan during pregnancy are based on the borrower’s own responsibility. The latter may only enter into a loan agreement if it can settle the installments reliably throughout its term. That is certainly the case if she works full-time again after the end of parental leave. In the case of a planned abandonment of one’s own job or a shortening of the working time to a part-time employment relationship, expecting mothers will ensure that they can also pay the loan installments in this case. Unmarried pregnant women take the loan together with the father of the baby, so that even in the event of a separation is responsible for the repayment of the loan installments. If women take credit during pregnancy only during maternity leave, financial institutions usually insist on a co-applicant, as they do not consider the expectant mother’s income to be long-term secured. It may change its intention to resume full employment and may opt for a part-time employment relationship or a refusal to resume work.

The father of the future baby can act as a co-applicant as a guarantor. The co-application is preferable not only for social reasons, because it underlines the shared responsibility for the child more than a guarantee. Many credit institutions also prefer them, since loan guarantees granted as a result of emotional ties are not always legally binding. When taking out an instant loan without salary, the lender does not receive any information about the benefit of the maternity protection allowance. An active demand as to whether an applicant wants to receive the desired credit during pregnancy is prohibited. Existing pregnancies can, however, be recognized when obtaining maternity benefits from the salary documents to be submitted. It is easy to circumvent a bank attorney’s pregnancy in the credit conversation by asking expectant mothers to apply for the loan online. This approach is advisable anyway, as loans requested online are cheaper than loans personally requested in the bank.

Alternatives to bank loan in pregnancy

Alternatives to bank loan in pregnancy

For the baby needed items can be ordered by mail order also on installments, partially an installment agreement is also possible in stores on site. The dealer recognizes in this case the existing pregnancy alone on the basis of the ordered items. However, he assesses the financial risk as low, so he willingly gives expecting mothers the part payment option. This concession is comparable to the principle of almost all online retailers, asking only for high incomes after the income. If mothers-to-be receive Hartz IV for longer-lasting unemployment or as a supplement to low pay, the Job Center for Essential Acquisitions pays them an interest-free loan during pregnancy.

The initial equipment for a baby belongs in any case to the necessary purchases. If the pay is slightly above the top-up limit, there is usually a right to a loan on identical terms, which in this case will be paid by the social welfare office. All expectant mothers can apply for a loan in pregnancy on a private loan placement platform. Most of the lenders registered there pay attention to social criteria and the purpose of a loan. The information about the existing pregnancy in the lending is in the interest of the credit applicant, as the lenders prefer to draw requests for a loan required for the baby. The expectant mother reveals extensive personal data on the loan platform. It can rely on data protection, especially since only the platform operator knows contact addresses and bank details of the members. Contact of the pregnant applicant with potential lenders and settlement of all payments are made via communication channels and bank accounts established by the platform operator.

 

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Cheap home loan insurance for truck drivers

Real estate credit: loan insurance when you’re a truck driver

Real estate credit: loan insurance when you

Your job as a truck driver is considered a profession at risk, our brokerage Eugene Gant.fr offers the cheapest solution for the insurance of your mortgage because we have negotiated with credit insurance companies a tariff without increase for your job as a driver.

The driving profession

The driving profession

The truck driver, who is in charge of transporting goods by truck, also handles the loading and unloading of these goods as well as the routine maintenance of the vehicle.

Simulation insurance of loan for truck driver

Simulation insurance of loan for truck driver

Get help from a credit insurance broker! By using the insurance-de-prêt-pas-cher, you can choose your insurance contract from selected offers with the utmost care according to your needs and your budget.

Real estate credit insurance: the choice of insurance

Real estate credit insurance: the choice of insurance

Driver : Driving is an integral part of the profession but the road driver has other functions that enhance his work, this job is considered by the insurance industry as a business at risk but not on Eugene Gant.fr

Since September 1, 2010, when the Lagarde Act came into force, borrowers have the option of taking out their loan insurance outside the lending institution (insurance delegation). This device allows them to compete between insurers, for example by using an online insurance comparator, and find the individual insurance contract that best meet their needs at the lowest rate. It should be known that the insurance offered by the bank is a shared offer covering at an average level borrowers without taking into account their situation.

The problem related to the risk of the job of a truck driver

The problem related to the risk of the job of a truck driver

If you are a truck driver, some insurers may refuse to insure you because they will consider your trade to be high risk. Fortunately, more and more insurers are offering specific formulas for trades and sports at risk. However, special conditions and an increase in contributions will be applied. It is therefore in your interest to compete with several insurers to find the one that will offer the cheapest formula that will protect you the best.

 

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Merge loans – Instantly borrow money, honestly and responsibly.

Merging loans can save you a lot of money. If you are going to take out a loan, it is therefore wise to immediately look at your other current loans. Do you often have a debit on your checking account? Do you pay per month at the Wehkamp and your credit card? Then chances are that you have done a lot in the past to borrow money quickly. Or at least lend to money easily. Unfortunately, this is not the cheapest way to borrow money. Did you know that you have to pay up to 14% interest on these expensive loans? Combining your loans can be the solution.

Merge loans

Personal loan Revolving credit Mini Loan
From 4.1% From 4.4% Maximum € 1500
Fixed interest variable interest No BKR assessment
from 21 to 69 years from 21 to 69 years from 21 to 70 years old
Payment within 2 days Payment within 2 days Payment within 24 hours
Apply for a personal loan Apply for ongoing credit Apply for a mini loan

Merging loans has several advantages. In addition to the advantage of saving a lot of money, you also create more overview when merging loans. All loans under one roof and also at a lower monthly installment and a lower interest rate. This sounds simple, and often it is. In addition, they have an AFM license and are obliged to act in your interest. Including loans does not cost you any money. The advice on borrowing money is always free. Of course it is always wise to request multiple quotes. Comparing loans can save you even more.

Merge loans? What do you have to pay attention to?

Merge loans? What do you have to pay attention to?

Merging loans as indicated is actually quite easy. There are 2 things you should really pay attention to. That is firstly the interest rate, and secondly the total costs for the loan. If you keep a close eye on this, not a whole lot can go wrong. These two elements determine what your loan would ultimately cost you.

Merge loans with BKR registration

Merge loans with BKR registration

Borrowing money without BKR testing is of course difficult. This is no different with merging loans. Yet there is one big advantage nowadays. And all thanks to the AFM. If you wish to transfer your loan with a negative registration to the same bank. Then the bank is nowadays obliged to cooperate in this. It is not that they are required to make your loan more profitable. But they must at least think along with you. If the bank does not cooperate, they must have a clear reason for this. Including the loans is not an obligation for the bank. It is sufficient if they only take advantage of a more advantageous transfer of the loan with them.

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Residual debt – Immediately Borrow Money

If you have a residual debt, you can choose to finance it. But what is a residual debt and how do you calculate it? Discover our tips on financing your residual debt and how you can prevent it in the future.

What is a residual debt?

What is a residual debt?

 

Unfortunately, it often happens that we cannot sell our house at a profit. This creates a residual debt. In the Netherlands, 1 in 6 people has a residual debt, with an average value of 35,000 euros. The residual debt is therefore the negative balance that remains when you have sold your house. With the sale, it was not possible to overlap the debt amount of the mortgage with the amount that you had for your home.

Residual debt financing

Residual debt financing

 

Residual debt financing is becoming increasingly popular and more and more lenders are going to offer this. In this way, financing a new home becomes possible, despite the fact that the old home has not yet been repaid. There are two different ways in which you can finance the residual debt.

Withdrawal in new mortgage

The moment you take out a mortgage for your new home, you can choose to automatically finance the remaining debt in the new mortgage.

Consumer finance

In addition, you have the option of financing the residual debt through a revolving credit or a personal loan. Of which people opt for a personal loan in most cases. Are you not buying a new home but are you going to rent a home? Even then you can finance the remaining debt with a loan.

Best choice: personal loan

The best choice in your case will of course depend on your personal situation. But in general we prefer to take out a personal loan. The advantage of taking out a personal loan compared to a revolving credit or mortgage is that you know exactly where you stand. You borrow the amount you need to finance the residual debt on a one-off basis. You then pay a fixed monthly amount in repayment. In addition to knowing every month how much you have to pay, you also know exactly when you have fully repaid the loan

Calculate residual debt

Calculate residual debt

 

How do you calculate the amount of the residual debt? You do this by taking two factors into account: the selling price of the home and the amount of the corresponding mortgage. The residual debt is the difference between the selling price of the home and the (remaining) mortgage debt.

Example calculation

Suppose you have a townhouse with a mortgage of € 300,000. You then sell it at a loss for € 250,000. Then the remaining debt is: 300,000 – 250,000 = € 50,000.

How long to pay in residual debt?

How long to pay in residual debt?

 

The term of a loan that you take out for the residual debt depends on three factors.

1. Amount of the residual debt

The amount of the residual debt is different in every situation. This depends on the loss that you suffer on the sale of your property.

2. Monthly payment of the loan

Of course it is nice to have repaid the loan as quickly as possible. You can choose to set the monthly amount as high as possible. Please note that it must remain feasible to repay this amount every month. You want to prevent you from incurring a payment arrears on the loan because you have set the monthly burden too high.

3. Amount of the loan interest

If you opt for a personal loan, you pay a fixed amount each month on the outstanding debt. Part of this is interest payment, the amount that remains is repayment. The higher the interest, the less money remains each month to pay off the residual debt. In this way, a higher loan interest rate ensures that the repayment of the residual debt takes longer.

Remission of residual debt

Remission of residual debt

 

If you have purchased a house that falls under the National Mortgage Guarantee (NHG), you may be eligible for cancellation of the remaining debt. This is only possible if you cannot finance the residual debt in a new mortgage or take out a loan for it. You are also only eligible for the cancellation if you had to sell your house and you have done everything to limit the loss.

Interest deduction residual debt financing is canceled

Interest deduction residual debt financing is canceled

 

From 2018 the interest deduction for financing the residual debt has lapsed. This makes moving with a residual debt more expensive. A call has been made for the retention of the interest deduction, but unfortunately this has definitively lapsed. It was a temporary crisis measure. Only the residual debts that arose between 28 October 2012 and 31 December 2017 are eligible for interest deduction.

Prevent residual debt

Prevent residual debt

 

Of course you do not have a lot of influence on the selling price of your house. However, the amount of the residual debt can be steered yourself. You do this by paying extra during the term of the mortgage. With these extra repayments you reduce the mortgage debt.

It may be that the extra repayment may not always be free of charge, or that there may be a maximum amount per year. In that case you can choose to put the money aside and when you sell the house you can reduce the residual debt or even be able to pay with it. Always keep an eye on the changes in the regulations concerning this topic. Politicians sometimes want to implement legislative changes that may also apply to your situation. If you don’t feel like investigating this yourself, you can always ask a consultant for it. They are aware of all the latest legislative changes.

Tips for financing residual debt

Tips for financing residual debt

 

  • Ask a real estate agent to paint a concrete picture of the expected return on your home. This way you can prepare yourself for any residual debt.
  • Repay residual debt with savings. You may have chosen to save some extras when there was room for that. You can do that money now
    to finance the residual debt.
  • Pay residual debt from a loan. By taking out a revolving credit or personal loan, you do not have to use your own savings directly to finance the residual debt. By paying off the loan every month, you still pay off the remaining debt in installments.

Arrange residual debt financing on time

Arrange residual debt financing on time

 

It is extremely important to have the financing of the residual debt on time. Arrange this before your home is transferred to the new owner at the notary. At that time, the entire mortgage, including residual debt, must be repaid. If the money for this is not yet available, then the property cannot be transferred either. This has financial consequences for you as a seller.

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Loan or shares for biotech company?

For companies it is often a question of whether money will be borrowed or whether it will be brought in by issuing shares.

Increase of the share capital

Increase of the share capital

The well-known biotech company Doomung from Leiden also recently faced this consideration. At the shareholders’ meeting of May 24, 2017, the company planned to announce an increase in share capital. Now Doomung has been a startup for years, so investing in shares of this company entails matching risks. The share capital would be further expanded with 150 million units to a total of 950 million units.

Financing with the help of a loan

Financing with the help of a loan

Of course it was not a voluntary choice for the company to issue additional shares. Doomung needs extra money to meet its obligations. But suddenly another choice was made. The debts of the company will be financed with a new loan. That loan amounts to 100 million dollars and is provided by Orbimed Advisors. This globally operating investor mainly invests in medical companies. The agreement with Orbimed Advisors will run until June 2021.

Saving on financing costs

Saving on financing costs

Doomung can use this money well, because it only recently bought back the commercial rights of the drug Ruconest that it developed. Doomung is doing well, because although the company may still be called a startup, it has been around for 30 years. Doomung recorded an eight-fold increase in sales in the first quarter of this year. It was a historic quarter in which the company achieved a positive operating result for the first time. With the new loan, Doomung is saving enormously on its financing costs and can further exploit the commercial success of Ruconest.

More confidence in the share

More confidence in the share

Now that Doomung does not have to issue additional shares, but instead takes out a loan, its share capital does not continue to be diluted. This gives existing shareholders more confidence. The share price on the stock exchange also rose by 3.5 percent. Due to the large number of shares in circulation due to earlier dilution, the value per share is only 0.35 euros.