But the defaults on each loan drawn up are directly dependent on the amount of credit, because that is what the borrower has not dealt with. The most common causes of credit repayment difficulties are: You have applied for several consumer loans at the same time without fully evaluating your options. So now you are…
That is why we often have emergencies when we need money for urgent needs, but we do not have the money we need right now. In this article, we decided to tell you how to handle these situations correctly. Give true answers to key questions If you have a sufficient amount of official income…
It is during this holiday season that you want to delight your readers with a great method that will save you money on a loan repayment if a loan or more has already been taken. It should be mentioned that I have personally tried the credit consolidation method. As a result, the minimum payment fell…
The use of an instrument such as a credit guarantee can have several positive moments with your potential loan. Banks are making extensive use of this instrument and are supporting a situation where a potential borrower is prepared to guarantee his solvency, not only through an income statement but also through a credit guarantee.…
In cash equivalent, this payment represents approximately 3-10% of the price of the item you intend to purchase on credit. In this case, the borrower will not receive the cash , as the bank will transfer the full amount of the credit to your checking account, and the funds will be immediately transferred to the…
Banking and non-banking products for individual customers can be divided into several basic categories. We wrote more about types of bank loans here. Non-bank loans were the topic of another article that you can read here. One of the categories of financial product that operates on both the banking and non-banking market will be a…
Credits and loans can be classified several times – because of the period, because of the risk to the institution, because of the repayment method, because … it could be exchanged for a long time. One of the possible qualifications is also because of the amount of the loan or credit. In our conversations with…
The age of the potential customer is one of the criteria taken into account by the Institutions when applying for a loan. Too low, the borrower may remove the possibility of receiving financing. Too high too. So what is the optimal age? Where can I get a loan when I am 18? Why is age…
Such courtesy of the lender is agreed in advance, at the moment of drawing up the loan. Full and part time credit holidays There are mainly two types of credit holidays in financial institutions: full and incomplete. Partial Credit Vacation This is the period during which the borrower may default on his or her pre-existing…
At some point, a successful financial organization begins to feel that accumulated profits are growing, but it is “passive”, that is, these assets do not generate additional income. They also do not “work” on internal turnover, and in this case the company is looking for solutions for additional triggering. Banks find this unacceptable because no…