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Are you looking for a private loan?! 3 Things to Know

Loan between individuals, let’s find out together. In times of crisis like today, perhaps you too need a loan, but no bank or financial company gives you credit?

Have you thought about resorting to private loans? For sure if you need money urgently, you want your need to be met in a serious, fast, lawful way and why not? online, maybe you’re wondering:

Does the private loan have these characteristics?

The answer is Yes, private financing can also be requested online and if it has the characteristics we are talking about below you can consider it a serious, fast and lawful way to achieve your goal.

If you have an experience about it, tell it on our blog, or if you need liquidity and you want to be followed step by step, contact one of our consultants for free and without obligation by entering your phone number in the request form.  

Below we will see the fundamental characteristics of a contract between private individuals:

Loan between individuals: What is it?

Loan between individuals: What is it?

This type of contract is an alternative financing solution to those proposed by banks and financial companies.

When among private individuals one credits another, without the need for intermediaries, we are faced with one of the following options:

  • Loan peer-to-peer: are contracts that allow you to obtain the required liquidity through a social lending (see step 4)
  • Loans between family members

The fundamental characteristic of these loans is that they can be  requested and disbursed without the intermediation of a bank, they  are directly interested parties to manage everything, moreover you will almost certainly have the opportunity to  save on interest rates.

What are the actors involved:

  • The  lender : the one who makes the money available by paying interest
  • The  applicant : the one who requests the money
  • Social Lending platform: this figure appears only in peer-to-peer loans, and in simple words it is the “place” where those who offer money with those who request it find themselves.

Considering this, is it essential to understand if the Italian legislation regulates financing between private individuals? In point 2 you will find the answer.

If you have any questions or curiosities do not hesitate to write on our blog at the bottom of the page in the comments section an operator, completely free of charge, will be ready to answer.

Loan Between Individuals: Is It Lawful?

Loan Between Individuals: Is It Lawful?

Maybe you are wondering: is the loan between individuals legal? This question is absolutely normal, and the answer is Yes.

The sure thing is that this method is the oldest, “always” friends and relatives as a demonstration of support and solidarity create such types of relationships.

However, there have been many cases in which the Revenue Agency or Securehold Bank has reported cases of tax evasion, or even despite the deep friendship or kinship relationships you have heard of serious problems between lender and applicant. What to do to be calm?

This being the case, if maybe you lend money or you are requesting it from a relative or friend, to stay calm and safe to do things honestly you have to formalize everything according to the law through a contract containing certain characteristics:

  • Name and surname of the person who requests the money and who lends it
  • The fee paid
  • The time, the duration established for the return
  • The purpose of funding
  • The type of contract
  • Interest- bearing: there are interests to be paid and in this case it must be specified
  • Non-interest bearing: there is no interest on the sum paid
  • The signatures of the subjects involved
  • Certain date provided through a special registration, sending a pec or a notary’s report.

These are the basic and fundamental elements of a contract that will make you feel peaceful.

Before getting the liquidity you need or lending it, remember that it will always be better to use payment tools such as check or bank transfer.

Loan between private individuals: the various types

loan

You probably know you are reported to Crif and maybe you are also protested, you know that no bank will finance you.

You probably have a fixed-term contract or maybe you don’t even have a contract and therefore you are sure that your only solution is financing between private individuals.

There are various forms of credit, the most common and used are the following:

Private loan: all the characteristics of this contract are those listed in point 2

Loan with guarantee of promissory notes: in this type of financing it is essential to fill in the promissory notes in detail and affix the brand with the stamp on each one.

Online Social Lending : these companies bring together those who lend money with those who request it, are constantly supervised by the Securehold Bank. For this reason you can be sure that they will comply with the regulations for the following aspects:

Privacy: the names of the interested parties are reserved

Checks: a check is made on the reliability of the parts, both the lender and the applicant have in fact a personal profile and a level of reliability that are assigned to them.

All transactions are secure and documented with contracts and digital signatures

Customization: the parties can agree on the amount, installment, return time and interest.

Among the Social Lendig operating in Italy the best known and most reliable are Smartika returned to the market in 2012 and once known as Zopa and Prestiamoci active on the Italian market for 2 years.

Loan Search: Get It!

With the general picture of the situation it will be clear to you that the loan between private individuals is a simple and safe option, but probably you too, like many Italians, prefer direct, human contact.

Entrusted to our company we have been operating in the credit market for almost 15 years, enter your phone number, one of our operators will contact you completely free of charge and without obligation.

We put our professionalism and experience at your disposal to guarantee you a free and no-obligation quote.

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Credit card with start credit : Apply for the best card!

The offer of credit card companies and financial institutions for credit cards in Germany is huge and every consumer can find the card that meets his requirements. The offer of a credit card with starting credit is particularly popular and interesting. In order to inform you optimally about this card, we have worked out a credit card comparison with our financial editors and experienced experts for a good overview. If you would also like to read more about the topic or are interested in specific aspects, you can find a comprehensive guide under the comparison. Find the best credit card with starting credit for you now and apply for it online!

The best credit card with starting credit at a glance

  • classic credit card
  • free of charge and with no annual fee
  • also available as prepaid card
  • different insurance included
  • Billing monthly or in installments
  • Free cash withdrawals worldwide
  • start credits, Initial balance
  • Credit card with bonus possible
  • Apply online

Some providers offer a credit card with a starting credit, which also requires a current account to be opened, which in some cases is also awarded a bonus. But in the vast majority of offers of a credit card with a premium, the card only needs to be used once in order to benefit from a starting credit. But even under these offers, some providers grant a bonus again after six months if a certain sales limit has been exceeded. In these cases, no separate current account is required and the repayment amounts can be transferred from any other account. Many cards with starting credit are also equipped with a chip for contactless payment, whereby no signature or PIN is required for payments under 25 dollars.All of these criteria can be found quickly and easily in a clear credit card with a starting credit comparison.

Is there a free credit card with starting credit?

With a comparison, you have a larger selection at a glance when looking for a credit card with starting credit. The result lists also include providers of free credit cards with starting credit. In order to attract new customers, more and more credit and banking institutions come up with promotions that offer start-up credits from which consumers can benefit. With credit cards with starting credit, minimum sales are no longer required to grant credit, but often only the one-time use of the card.

The three most important criteria for a credit card with a starting credit

  • Available as a classic credit card or prepaid card
  • Start credit and additional bonuses when opening a current account
  • Credit cards with starting credit without annual fees

Apply for the best credit card with starting credit – how it works

credit card with starting credit - how it works

If you have found what you are looking for after the comparison, you can call up the application directly from the provider and enter your personal data. After the data has been transmitted online to the provider or bank, there are two options: Either you will receive a document to download immediately after the online application process or the provider will send you the documents by post or e-mail. If the application can be downloaded, a Post-Ident Coupon is enclosed. Now you have to print both, sign the application and go to the nearest post office with both the coupon and a copy of the application. Your identity will be determined there and the applicationwill be sent to the provider with the completed PostIdent coupon.After the application has been successfully checked, you will receive your credit card with starting credit in the mail,

The credit card with a start credit check – the following criteria are important

Anyone who has opted for a credit card with starting credit can have the first purchase paid for by the provider. Generally, there are two variants of a credit card with a starting credit that should be differentiated. Our credit card with credit check showed that some providers offer a classic credit card with credit and others a card in connection with a free checking account. Some of the direct banks listed in the comparison also grant a bonus bonus for the account. With regard to outstanding amounts after using the card, everyone can decide whether they want to pay the sales amount from their checking account or in installments at the end of the month. For some providers, the rate should be at least two percent of the total or at least 15 dollars.

Conclusion

Which variant of a credit card with starting credit someone applies for is up to everyone. But there are often very attractive starting credits in the combination of credit card with starting credit in addition to extra packages such as insurance, which you should definitely take.

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Debt Consolidation

Best consolidation debt loans -Hurry up and Request a debt consolidation

Hurry up and Request a debt consolidation

Debt consolidation and debt settlement

Credit card financial obligation settlement can be a solution to paying off your credit cards. However, if you do not qualify for a debt consolidation loan or you want to retain and start recovering your credit, you need to pay off your credit cards quickly. This means you need to avoid debt settlement and bankruptcy at all costs. Even people with tens of thousands of dollars in debt can get out much faster than they possibly believe possible. In the process, you will not only pay back the money you have borrowed, but you will also start recovering your credit. It won’t happen overnight, but it will happen. These steps will help you customize your own credit card payout plan.

Steps on how to payout your credit card

  • Make a list of each credit card you have, the balance owed the interest rate and minimum monthly payment.
  • Type the information you have in a credit card calculator such as the one on money.cnn.com. Using the calculator, find out how long it will take you to pay off your debt with minimum monthly payments. then recalculate how long it will take to pay off by adding an extra $ 50, $ 75 or $ 100 to your monthly payments. Alternatively, you can set a deadline to be debt-free in the calculator and it will tell you how much you need to pay each month.
  • View the expanded or full payment plan. This will list how much you will pay on each credit card for each month of your reward plan. Print it out and keep it with your budget and accounts.
  • Consider selling certain assets to pay off debt on your highest interest rate card and accelerate your reward.
  • Evaluate your monthly expenses and find the extra money to make the higher monthly payments. It may be necessary to do away with some luxuries or start doing some things on your own instead of paying for services. The household food budget is usually a good place to find a few extra dollars that can be cut.
  • Make a commitment to earning extra money every month. A second job or freelance job, childcare or cutting lawns can give you that extra $ 100 or $ 200 a month that you need to pay off your credit card quickly.
  • Learn to live on a cash basis. Do not add your credit card debt during your reward plan.

Tips: 

Start with a list of your debts and set some repayment goals. Ask yourself how quickly you would like to eliminate your debt. Debt consolidation on its own doesn’t eliminate debt, it just transfers your balances to a new, hopefully, lower interest rate, loan. This may help you pay off debt sooner.

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Debt Consolidation Loans are not always a solution for credit card, debt

To get a good loan deal, you need to shop around in the loan market. Rates should be considered, which are offered by high street banks, construction companies and private lenders. The strong competition among the UK financiers, you can apply for a loan with lower interest rate.

You may be able to buy foreclosure insurance as a pilot on a home insurance policy. Of course, you will have to pay more. You can also make payments on your home loans if you qualify. He is a little known pilot, and may be worth checking out. Before signing up for this option, be sure that you will be entitled to file a complaint. Each company has specific rules for the type of people that will be covered.

If you can get extra hours, do it. Being bankrupt is such unworthiness that you should at least try to go to your boss and ask for a salary increase or a promotion. After all, the worst they can do is say no. They are going to find out anyway if they declare bankruptcy, and they might wonder why you didn’t come and ask for their help. Moreover, if you are married and only one of you works, try to get the other a job – you never know, it could even be fun!

Search loan via internet

There are various lenders who offer low-cost loans to homeowners. If you want a fast loan, you can easily get surf the internet where you come across numerous home loan providers. If you research thoroughly, you will get the best lender that is both meeting your finances and providing money quickly.

Bad times never say before coming. You have just suffered a heavy loss in business with all your savings gone and almost bankrupt only with your home at your disposal. This is the dream home you have made for yourself and your loved ones. You don’t want to put the mortgage on stake. So what would you do to get out of the financial crisis? Is there a type of financing that would be easy to get and easy on the pocket as well? The key to this question is cheap unsecured loan.

Cheap Unsecured loan

When you delve more into the history of debt consolidation, it becomes clear that this option has become popular with home equity loan. That was the time when people started taking loans against their home to pay their other debts. That was also a form of consolidation as a loan was taken to pay many. This was the beginning of this concept. But, it was not possible to pay a lower amount of money to different credit institutions. All they could do was take the money from a lender to pay others, keeping the original amount of tact.

Risky as it is to put your home as a guarantee, it can work out well for you. You will only need to try to ensure that you make payments in any way possible. Otherwise, you could potentially have the problem of being homeless.

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How to get out of debt by earning little?

Have you come to the conclusion that what you earn is no longer enough to cover your monthly expenses? Unfortunately, you’re not the only one. Many people lose control of the budget and, when they least expect it, find themselves in a situation where they do not know how to get out of debt by earning little.

The first thing to do is to review your way of dealing with money and recognize that you are solely responsible for being in trouble and you also have to be responsible for getting out of it. Keep reading our post, we can help!

Deal with creditors

Deal with creditors

You want to pay and your creditors want to get paid. So go ahead with courage, negotiate, ask for discount and installment. Whether it’s the bank or the friend who lent you money, your creditors want to know that you are striving to honor your commitments and look after your name. Show that they can trust you and take on the responsibility of repaying debts in the shortest possible time, even if you have to sell some good to fulfill the agreement.

Consolidate all debts into one

Consolidate all debts into one

You already know that overdrafts and credit cards charge the highest interest in the market, right? Unfortunately, it is very easy to curl up with both because the money is there, at your disposal to use. The best solution, in this case, is to exchange these expensive debts for a cheaper one, that is, they cover lower interest rates. Consider then taking a paycheck loan or a personal loan that covers a lower interest rate. Inside the Caring Mommy application, you can make a comparison with several institutions that offer personal loans, some like Just with very attractive rates.

Consume only what is needed

It is time to tighten your seatbelts and accept that you will spend time without purchases, without travel and without making new debts. Before you buy anything, ask yourself: Do I really need it? Can I wait two or three months to buy these new clothes? Take a minimalist attitude for a while, consuming and using only what is really needed.

Credit card is not always bad

If you learn to make conscious use of your credit card, you can take advantage of it. Choose a card that offers point programs that turn into merchandise, travel, or hotel rates. Concentrate all purchases on the card. Over time, accumulated points may yield products or other advantages. But never, ever, never fail to pay the full amount of the monthly bill! If you are not able to do this, it is preferable to cancel the card so you do not run the risk of getting into debt again. Or else, break the card into pieces and just ask for another when the situation normalizes.

Generate new recipes

To balance the household budget, you have two options: either you cut expenses or generate revenues. And when have you cut all possible expenses? There is still the alternative of generating extra income. Think about your talents! Make cakes or salty to sell, take care of the children of the neighbor, volunteer to take care of gardens or pets, announce that your vacant room to rent, start giving private lessons. There are numerous activities that turn into booster for the budget.

Use budget control apps

You need to keep a clear view of the household budget, know exactly where the larger spending is, control your bank accounts. This task does not have to be complicated or unpleasant: there are great applications to make it easier to control your financial life and, consequently, help you get out of debt, even if you earn little. Caring Mommy can help you – in just 2 minutes you see where you are spending.

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The Top 3 Alternatives for Student Loans – 2019

The United States carries about $ 1.2 trillion in debt from student David Balfourrengen. In fact, no less than 70% of the students contribute to this rising figure. The desire to leave college with minimal to no debts has students looking for alternatives to loans.

1. Request Pell Grants

The federal government awards Pell Grants to full-time and part-time students who have not yet obtained a Bachelor’s degree. The grant is based on the needs of the student as determined by information about the persooDavid Balfourijke and family financial status included in the free application for federal student assistance or FAFSA. The maximum amount awarded to students was $ 5,815 from the 2016-2017 academic year. This money does not have to be repaid.

Students can qualify for the Pell Grant every year for a maximum of six years. Smart students who are eligible for the scholarship can use this to compensate the tuition fees at public colleges and public universities, which are cheaper than private institutions because of David Balfourijk. Students who choose public education can combine the Pell Grant with income from on-campus and off-campus part-time jobs, and family savings if available, to pay for college without student loans.

2. Visit free lectures

However incredible it may seem, a handful of universities in the United States do not charge tuition fees. In many cases, such colleges cover the costs of the tuition fees of their enrolled students with capital grants. Competition for admissions for free colleges from colleges is high, and as such, high school students who want to have this option have stellar academic records. Students who are admitted to free lectures can explore options such as Pell Grants, family saving, part-time work and parent loans to cover the costs of boarding and lodging.

The US Military Academy West Point, the US Naval Academy, the US Air Force Academy, the US Coast Guard Academy and the US Merchant Marine Academy offer free higher education in exchange for continuing military service to soldiers. members who are eligible for admission. Colleges such as Deep Springs, Brea and Alice Lloyd do not charge tuition fees to their students in exchange for service on campus during their enrollment. Curtis Institute of Music, the Webb Institute and Macaulay Honors College at City University of New York do not charge tuition fees for students with an exceptional academic background.

3. Studying at David Balfourand

Most people think of studying in the outdoor Balfourand as the summer or semester-long cultural exchanges in which many students participate in countries such as France, Spain and Italy. However, a growing number of Americans are applying to colleges across Europe that offer free or lower tuition fees to all students, including international students.

Public universities in Germany, Norway, FiDavid Balfourand and Iceland do not pay tuition fees to any students, and some private European universities are also free. Even when universities in Europe charge tuition fees, the costs are usually lower than David Balfourijk than in the United States. One of the biggest advantages of obtaining a degree in Europe is that most undergraduate programs take three years instead of four. This is a good David Balfourijk advantage for students who pay their living expenses from their own pocket. Other advantages of obtaining a bachelor’s degree in the outside of the country Baldourand are the learning of foreign languages ​​and the possibility of finding a job in the outside of the country Balfourand after graduation.

Furthermore, the graduate school in the United States is usually cheaper than an undergraduate school. This means that students can return home and look for scholarships or assistantships to obtain graduate degrees or, if necessary, borrow the absolute minimum.

However, obtaining a bachelor’s degree in David Balfourand requires planning. Students must examine the visa requirements, as well as the requirements for working as a party member employee at David Balfourand as a student visa holder. Those who intend to go this route should also examine different room and board options based on their budget and desired lifestyle while enrolled.

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Watch Out For Payday Loans – 2019

Sometimes people get into a heavy cash crunch and they urgently need to raise money quickly. It can be an emergency car repair, a check that has been bounced or a bill that absolutely needs to be paid – in a month when they have a maximum on their credit cards. That is when it is easy to stumble into the not-so-hidden world of flash credit and there is a risk of falling into debt considerably remarkably quickly.

What exactly is a payday loan? Payday loans are loans that are issued for relatively small amounts (usually less than $ 1, 000) for short periods. The idea behind a payday loan (also known as a “cash advance” or a “check loan”) is that it gives you some money to transfer you to the next payday, with the idea that you will use your future salary to to pay it off.

The payday loan industry is now $ 38.5 billion in the market, according to the Wall Street Journal, especially in the 32 states that don’t cover how many lenders can charge (see In which states are expensive payday loans illegal? ). And it’s about to be hit by a new set of regulations from the Consumer Financial Protection Bureau (CFPB).

The proposed rules

Payday loans usually have an average annual rate of around 390%, according to the CFPB. Loans that are not repaid quickly can be balloon-flying to hefty multiples of the original sum, with more than four in five loans for one-off payments being consulted again within a month, with additional costs.

The new rules would impose a “full payment test” whereby the lenders must establish that the borrower can afford to make the payments while still paying the basic life costs and other costs, making it more difficult for lenders to refinance the original loan and fines to arrange. Click here for details.

Consider the costs

Payday loans usually require access to your checking account to deposit the loan and later to access the repayment funds. They are a way for people with low credit (or no family or friends they want to tap) to get quick access to money in no time – it usually takes just a few hours to a few days to get the loan approved to get.

Despite the speed of getting money in an emergency, flash credits are not a good financial decision for many reasons.

Although the CFPB study found an average annual percentage (APR) on payday loans of 391%, this can go up to 2100% (yes, you read that number correctly). For comparison: the highest APR that is allowed for credit cards is 29.99%. When you borrow money, you should always borrow from the source with the lowest APR that is possible; this lowers the amount that you pay in interest.

Calculating the amount of interest that you pay is not always so clear. To start with, an APR is calculated on an annual basis. A typical payday loan takes one to four weeks and the costs are not given to you annually. In fact, payday providers can refer to the cost of borrowing money as a “fee” rather than as interest, making it seem like it is something you have no control over. Comparing apples with oranges masks how much you pay for a payday loan compared to other money sources, such as credit cards.

How they work

This is how a payday loan works: you pay a “fee” for borrowing money at a fixed interest rate. This fee is usually between $ 15 and $ 30 for every $ 100 borrowed. This sounds reasonable – only 15% to 30% – but because it is for a short period, the ownDave Brandstetterijk is much higher than a credit card fee for the same amount. If the payday is complete and you cannot afford to pay the original loan plus the costs, you can “flip” the loan for a different fee. This can mean snowball spending for the consumer. The goal of a company with a payday loan is to keep making money – a lot.

According to the Consumer Protection Agency, 82% of loans are converted within 14 days and half of all borrowers pay more in fees than they had originally borrowed.

To make matters worse, if the borrower has provided a bank account number to the lender, the lender will automatically withdraw the amount due, sometimes in multiple withdrawals with a fee for each withdrawal. If the money is not in the account, you pay the rollover costs and you also pay bank fees for the current account.

Legal Hazards

There are many loopholes in the payday loan and little protection for consumers. Many states set limits for loan sums, but do not limit the opening of a new loan on the same day the old loan is paid off. Some states have a 24-hour waiting period for new loans and some states have no restrictions at all.

Members of the US Army have some protection under the Military Lending Act. Military officials for active purposes, their spouses and some dependents have an APR limit of 36% and they are protected against paying more fees due to rollover costs.

Although there are still many brick-and-mortar payday loan centers, many payday loan operations have gone oDave Brandstetterine. This has created many opportunities for scams that are difficult to repair. If you think you are the victim of a scam loan scam, contact the Consumer Finance Protection Bureau to file a complaint.

Alternatives to payday loans

Although the prospect of fast cash for a fee can be attractive, it is almost never worth the risk of being caught in the value day. Although some websites advertise payday loans as a way to build up your credit, it is an expensive and risky way to take. Before you take out a payday loan, ask yourself: “If I cannot pay my expenses with my current salary, there is a reason why I can repay a loan plus expenses – and cover my normal expenses – when I complete my next salary?”

If you say no, consider a few alternatives to a flash credit:

  • As mentioned earlier, the credit card interest rate is lower than the one you pay for a payday. If you have access to cash or credit card advances, choose those funds over flash credit. See if you can open a new credit card or increase your limits for current cards.
  • See if you can get a small loan from a banking or credit union Small and short-term loans have become more common because banks and credit unions offer alternatives to payday loans for their customers.
  • For fast cash you can sell part of your assets or take a part-time job (you can even retype a night of babysitting.) See Make money quickly from the new ‘Sharing Economy’ for a number of other ideas.
  • If you routinely fail to make your money last until the next salary, make a budget and reduce your expenses.
  • To prevent you from getting into trouble in an emergency, you must build an emergency fund so that you do not have to take out loans for unexpected expenses.
  • If you already have a payday loan, you will receive a debit balance protection in your bank account.

The bottom line

The bottom line

Borrowing payday loans can be an expensive cycle that is difficult to break. The industry is designed to take advantage of people with limited resources, and the consequences of taking out a payday loan can be many times more expensive than the initial costs. If you have debts and are struggling to make ends meet, consider getting financial advice to find a way out of your tight circumstances.

The new rules will cover flash loans, car loans, prepaid products and certain expensive and open-end loans. Comments on the new rules are expected on September 14, 2016 and “will be carefully considered before the final rules are published,” the CFPB said. Click here for different ways to submit comments.