ctv-net.org http://www.ctv-net.org My WordPress Blog Sat, 01 Jun 2019 12:25:01 +0000 en-US hourly 1 https://wordpress.org/?v=5.2.2 Instant Loans Without Payroll | More Information http://www.ctv-net.org/2019/06/01/instant-loans-without-payroll-more-information/ http://www.ctv-net.org/2019/06/01/instant-loans-without-payroll-more-information/#respond Sat, 01 Jun 2019 12:25:01 +0000 http://www.ctv-net.org/2019/06/01/instant-loans-without-payroll-more-information/

The mini loans instantly without payroll are a financial product that is booming. This service of immediate financing is spreading around the world, including our country. This is mainly due to the fact that this financing formula is the most effective way to acquire sums of money up to 1000 euros.

In this article we are going to tell you everything you need to know about mini-loans instantly without payroll or endorsement, from what are their advantages and disadvantages to what are the most frequent questions that Spaniards ask about this financing.

What is the reason for the success of the loans instantly without payroll?

What is the reason for the success of the credits instantly without payroll?

The secret of the success of credit without payroll is very simple to explain and understand. Mainly, in the Baltic countries, they realized that mini-loans were a very simple and effective way to capture liquidity. At that time, in Spain banks were more concerned about getting direct cash from their customers through direct debits, savings accounts, payroll, etc.

When these new financial entities landed, they provided an alternative to attracting liquidity, so powerful that in a very short time it became an excellent formula to obtain cash in our country. Although the process is longer and indirect, the reality is that it is an appetizing hook for customers.

These entities, realizing the sensation that caused this type of quick loans without payroll, decided to take advantage of it. This is mainly due to the fact that, although it is a slower path to the capture of liquid, it requires much less effort to attract customers. In addition, they can be justified after the idea of ​​generosity to help people get out of an unexpected and punctual financial setback.

Advantages of an instant credit without payroll

There are many advantages that we can mention when we talk about quick mini-loans instantly without payroll. Let’s see the most outstanding ones.

The first advantage that we find in this financing service is its speed. When we are in an unexpected situation that requires immediate liquidity to be resolved, (for example, the breakdown of the family’s main vehicle at the end of the month), we all want the procedures, responses and transfer as soon as possible. This is what this type of financing promises. Have the money you need in a matter of minutes, without waiting, without long lines and without having to leave the house.

This is due to the possibility that exists today to make the request for the mini credit instantly without payroll 100% online . With which you save a lot of time. Another feature that most like these services is the ability to get them completely free. There are some quick mini-loans without payroll or endorsement that do not charge commissions or interest, so the amount you request is the same amount that you will have to pay back.

Another of the main advantages is that you do not require an endorsement or a payroll, that is, even if you are unemployed, you can access this immediate financing.

Disadvantages of an instant credit without payroll

Mini loans instantly without endorsement or payroll also have disadvantages, like almost everything in this life. In particular, the main disadvantages of this service of immediate financing is that the age of the applicant will have to be between 25 and 65 in most cases. Although there are some financing companies that accept clients from 18 to 75 years of age.

To be able to access the mini-credit, it is necessary that the client is resident in Spain. In addition, as a general rule in all financial institutions, it will be necessary to have a Spanish bank account with regular demonstrable income. For most cases it will be necessary not to be registered in a delinquency file, or to have unpaid debts with a financial entity.

Finally, it is necessary for the client to have an email, a mobile phone number in his name and a valid Spanish identity document.

Frequently asked questions about mini loans instantly without payroll

Frequently asked questions about mini credits instantly without payroll

There are many frequent questions that Spaniards ask about mini-loans instantly without payroll, but here we make a summary of the most important and relevant.

Can I have more than one mini credit instantly without payroll at a time?

No. The financing companies are very focused on the profile of their potential customers. If you already have a mini credit instantly current or active, you can not request another one until you have returned the first one.

This is a system that not only benefits the entities, but also the clients, since they will not be able to request more of the amount they can return and will not increase their level of indebtedness.

Can you request an instant mini-credit in the name of another person?

No. Neither in the name of a friend nor a close relative. Fast mini credit entities do not allow a third party to request their services, for which they have advanced verification systems that allow them to know if you really are. In this way, frauds and operations are avoided without the prior consent of the principal involved. In addition, fast financing entities do not allow more than one owner per transaction.

How can I access the mini loans instantly without payroll?

To access this type of financing, nothing special is needed. Provided that a series of basic requirements are met and you have an Internet connection you can request your mini credit. You just have to go to the desired financial and fill out their simple forms and voila, the money will be deposited in your account in a matter of minutes.

For this you can go to our mini credit comparators instantly without payroll, where you will find all the information of each of the options so that, at a glance, you can choose which is the best option according to your personal needs.

]]>
http://www.ctv-net.org/2019/06/01/instant-loans-without-payroll-more-information/feed/ 0
Microcredits: What are they and how can they be requested? http://www.ctv-net.org/2019/05/18/microcredits-what-are-they-and-how-can-they-be-requested/ http://www.ctv-net.org/2019/05/18/microcredits-what-are-they-and-how-can-they-be-requested/#respond Sat, 18 May 2019 11:48:57 +0000 http://www.ctv-net.org/2019/05/18/microcredits-what-are-they-and-how-can-they-be-requested/

Microcredits are loans of small amounts that do not have too many associated interests. They are amounts that are granted to cover sudden needs. For example, unforeseen expenses that you have to do. There are also people who request it simply to grant themselves a wish or a whim, such as being able to go on vacation.

Online microcredits for own labor financing

Online microcredits for own labor financing

These small amounts are a method of financing that autonomous people and SMEs are also using to give their work projects a boost. Therefore, microcredits are an opportunity, in turn, for all those unemployed people who want to find an exit with which to obtain their own income.

Microcredits are able to avoid social exclusion

With the increase in unemployment, the risk of social exclusion has increased. A microcredit is a way to finance a self-employment initiative that you have in mind. In fact, it is the most used method of financing in this regard, often with the joint help of NGOs or other types of social organizations.

Nowadays, we can affirm that online microcredits are the ideal alternative for entrepreneurs who have ideas, but few resources to start up their work projects. One of the basic problems of current unemployment is that many people have difficulty starting small projects.

The microcredits drive this type of people because the companies that grant them know that, in short, the self-employed and entrepreneurs are the basis of the economy.

Online microcredits versus traditional entities

Later we will tell you what are the advantages of online microcredits compared to those of traditional entities, but in this section we want to highlight another issue: the lack of financing or the difficulties in accessing it that exist in the more traditional sphere. Again, this is a problem for SMEs, self-employed or people who do not have sufficient guarantees.

On the part of the banking entities there is a general refusal to grant credits if you do not have a payroll. And, in addition, sometimes they ask you for your contract to be indefinite. Nor will they finance you if you do not have a guarantee or other requirements that they consider essential when granting credits. However, if you need financing you should know the other alternatives that you have and that are in your favor. And one of them is microcredits.

These amounts, mainly lent to people with less economic resources, are obtained more quickly and with better conditions by companies specialized in microcredit. Because, in the end, the conditions of the banking entities to access the microloans end up being the same as those offered for any other credit.

The characteristics of a microcredit

The characteristics of a microcredit

The main thing is that you know that microcredits are a financial product. As such, they have common characteristics, no matter who the lender is.

First of all, it is usually small amounts that are granted to people with less economic resources who need financing, or want it, and who can not or do not want to access the credits of the usual banking entities due to their restrictive conditions.

Although each particular case will have specific characteristics, it is possible that a person may have access to more credits, but may wish, at a specific time, that the amount borrowed be less, due to a specific expense that he has to make.

The first common feature of online microcredits is that the amount offered to you usually varies between € 1,000 and € 25,000 (those with a higher amount). In addition, another of its attributes that, in turn, becomes one of its advantages, is that you do not need to have a guarantee or any kind of personal guarantee to be granted.

Only, you will need a regular income, which can also come from a pension, a scholarship or similar, etc. The conditions are more advantageous than those of the traditional loan, as you will see later.

How can you request it?

If you want to get a microcredit, you must first think about the use you want to give it. In turn, keep in mind that it is not a gift, so you should be clear about how you will recover the money to return it in the future. You also have to think about the amount you need and, from there, observe all the possibilities you have in your favor to get microcredits.

Online microcredits have the advantage that you do not have to leave home to see conditions or to request them. Your bureaucracy is much smaller. Therefore, you will need much less data to prove, little more than the DNI and the source of your regular income.

Study the resources you have and create a plan, even mental, to know how you will return. Remember that, when the return period is passed, interest usually increases. In this sense, we advise you not to choose a shorter return time to get better interests, if you are not going to be able to return them, because if you finally exceed the term, the increase in those interests will be greater than if you indicate a longer term from the beginning.

Obtaining your microcredit

Obtaining your microcredit

To get a microcredit you will go through the phases of general applications, similar to those of other loans or loans, only that in online microcredits these phases go much faster. The answer can be received from the hour following your request, until 48 hours after, at the latest. The microcredits are also designed for economic emergencies.

First, you request it without even having to justify what you are going to use it for. Later, you credit your ID to prove both your identity and your residence, as well as your regular source of income. Next, they will evaluate your request and you will receive the confirmation or denial in a short period of time.

Microcredits for SMEs and the self-employed

If you want to obtain financing for a business or work project, there are entities in which you are offered another form of application with which you will get better conditions, lower interest rates and longer repayment terms. To get these microcredits, you must first present your business plan, which will be analyzed to verify its viability.

Later, you will have to submit the application with all the documentation that is required. Depending on whether it is a microcredit online or not, you could ask for a personal interview to explain your business idea.

Thereafter, your application would be evaluated, in whose process the experts of each entity would study and rate the viability of your project. This not only depends on you, but also on the economic conditions that are given at the time of the request. Depending on all these factors, they would grant or deny it. In case of confirmation, the microcredit will be formalized.

Why can you use a microcredit?

Why can you use a microcredit?

You can use a microcredit to finance a work project, as we have indicated in the previous section. But you should also know that you may use it both individually and as a group. There are microloans that help businesses that are already in operation. It is not always about starting, but sometimes they are used to boost a business.

An example can be the bar that does not have inventory and needs to be restored if you want to continue with your productive activity. There is also a branch that is designed for women’s projects, in order to facilitate and increase their presence in the business world.

However, microcredit does not exist only for business projects. You can also request one if you need personal financing for an unforeseen event, if you want to treat yourself or if you simply want to reform your home. There are many options available to you.

Do they have a good performance?

There are numerous studies that indicate that microcredits have given good results in the market with enough assiduity. Above all, highlights the period from 2002 to 2008. Later, with the economic crisis conditions could not be equally advantageous, but in these times we are returning to the results that occurred during the aforementioned period.

The interests are greater than those of a traditional loan, but its granting is much faster and less restrictive. These interests can be decreased sometimes if you have endorsement. However, as we have said, having an endorsement is not a requirement to get a microcredit and, in addition, not all entities offer this possibility of reducing interest if you guarantee it.

The result is that microcredit usually helps people who need urgent funding correctly. And that in the cases of business projects, having experts assessing their viability, they usually also give good results.

What are the advantages of microcredits?

What are the advantages of microcredits?

Microloans are one more financing option that you can turn to when you need it, just like with personal loans or credit cards. If an unforeseen event arises that you can not cover with your savings, a microcredit gives you the opportunity to pay for it very quickly.

The financing you need can be used for any purpose: school books, a repair, etc. Since the economic crisis, these microcredits have been the solution for which many families have opted to make ends meet. Therefore, microcredits have ended up becoming an alternative to solve the economic problems of many people, because now it is not difficult to get immediate liquidity if you need it.

In turn, now that we are in a period of economic recovery the microcredit is still very valid if you need fast money, being another of its main advantages that it has hardly any paperwork. Also keep in mind that there is the possibility of applying for microloans online. In this sense, we show you the advantages of online microcredits.

Main benefits of online microcredits

Main benefits of online microcredits

Online microcredits will allow you to combat specific liquidity problems. You can also finance personal projects that do not need a large amount of capital without having to ask for a loan in a traditional financial institution. The return of microcredits over the Internet can be very simple for you, both in terms of fees and in relation to deadlines.

And, if you are an entrepreneur and do not want to present a project, you do not have to. Although there are some that offer you this possibility, in exchange for better conditions, the presentation of a project is not a requirement for granting it. Another of its main advantages is that they have a lower interest rate than other financial products.

In addition, there are online microcredits adapted to the circumstances of each person. For example, those that are focused on young people. Your application process is quick, easy and does not require just paperwork. In turn, you can request them without even getting up from the sofa at home. The availability of your money will be immediate when they confirm your approval in a short time.

Online microcredits if you are in Financial Credit Institutions

Another advantage of online microcredit that deserves a separate consideration is the possibility of financing people who are in Financial Credit Institutions (National Association of Financing Entities), as well as in other reports of delinquency and consumption in our country.

The people who are in this type of lists usually have difficulties to request financing in the banking entities. However, in recent years the possibilities of online financing have opened the doors to all these users. If you find yourself on one of these lists, you can request microcredits online and solve your financial problems and responsibilities.

There are several types of microcredit that you can request when you are in Financial Credit Institutions or in a similar list. This will vary according to the return period and the amount. The most common are scholarships to study, mortgages or personal microcredits to attend family emergencies.

In short, microcredits are the main source of financing for many people today. If you need to cover a punctual expense, without a doubt it is the best way to get liquidity instantly and to be able to continue your life without stress of any kind.

]]>
http://www.ctv-net.org/2019/05/18/microcredits-what-are-they-and-how-can-they-be-requested/feed/ 0
A very advantageous financial product: online loans http://www.ctv-net.org/2019/03/13/a-very-advantageous-financial-product-online-loans/ http://www.ctv-net.org/2019/03/13/a-very-advantageous-financial-product-online-loans/#respond Wed, 13 Mar 2019 11:56:25 +0000 http://www.ctv-net.org/2019/03/13/a-very-advantageous-financial-product-online-loans/

Online loans have been consolidated in the Spanish financial products market, so we think you may be interested in knowing their essential characteristics.

And it is that these loans and credits that are managed by Internet have reached a great repercussion as a result of the crisis of 2008. The recession forced to the banks to redouble their requests of guarantees to those who wanted to accede to the online loans.

This inconvenience caused Internet banking to become a financing alternative to be taken into account for many savers and entrepreneurs who needed money with some urgency.

Below, we tell you why this option has been increasingly valued, for example, by the self-employed.

What can we highlight about online loans?

What can we highlight about online loans?

First of all, we must remind you that these are financial products through which you can meet specific economic needs. This means that you do not have to resort to them as a custom, since you could incur a dangerous over-indebtedness.

There are contexts in which it is worth taking advantage of these credits, for example, the payment of a fine to which a surcharge or interest is applied, the use of an offer that will increase in price within a few days or the realization of fundamental works so that a business can open and start generating profits or increase their chances of attracting customers.

In short, these are occasional and immediate money needs. They are contexts in which you may not have the possibilities or time to meet the requirements that conventional banking requires. Requirements such as a guarantor or not appear in the files of defaulters of entities such as Financial credit Instituions. And, instead of presenting a payroll, you can credit a regular income, which will be used to demonstrate your ability to repay the loan.

Why are online loans so successful?

Why are online loans so successful?

Apart from what we have told you before, it is the possibility of carrying out the Internet procedures for the jump in the quality of these financial products. And it is that you are going to be able to save the time that you used to invest before the counters of the banks. In addition, you will not be influenced by the opening hours of the branches, since you can make the arrangements you need with maximum comfort from your home.

In the same way, you will save money in the photocopies of the documents that you had to present physically before.

Finally, select the total amount of the loan and the term in which you intend to return it (then you will start paying your monthly payments every 30 days). In short, online loans   they are the fastest ways to access the financing you require.

]]>
http://www.ctv-net.org/2019/03/13/a-very-advantageous-financial-product-online-loans/feed/ 0
Assistance in Obtaining a Consolidation Loan http://www.ctv-net.org/2019/01/17/assistance-in-obtaining-a-consolidation-loan/ http://www.ctv-net.org/2019/01/17/assistance-in-obtaining-a-consolidation-loan/#respond Thu, 17 Jan 2019 22:08:38 +0000 http://www.ctv-net.org/2019/01/17/assistance-in-obtaining-a-consolidation-loan/

 Graphs appearing on the latop screen

Help in obtaining a consolidation loan

Although most of us want to choose the cheapest consolidation loan, we can not always choose a bank that can give it to us.

Let’s assume that we have not received the possibility of taking out a loan in two or three banks and each of them checked our credit history in economic databases.

Each query to the BIG, KRD or BIK database is recorded on our account, and the more they are, the less creditworthiness of the borrower. How to avoid this?

The best solution will be to use the services of a company that helps in obtaining a consolidation loan.

We will help you choose the best consolidation loan online.

 

Support from Us

Support from Us

We were one of the largest and most trusted financial companies, which deals, among other things, with obtaining a consolidation loan. We have been operating on our financial market since 2014. Our company is guided by iron values ​​such as time saving, convenience, simplicity, honesty and transparency. Through us, the client submits one application, which is directed to up to 10 banks. The use of the website is completely free. There are also no additional fees for the costs of consolidation loan.

 

Consolidation loan

The main task of the company is to consolidate various loans and credits held by potential clients. They fill out the application for a consolidation loan, including personal and contact details in it.

You must also prepare documents and certificates necessary to obtain a consolidation loan – confirming the income obtained and their source as well as agreements for loans and credits that will be consolidated).

Next, we sends this application to 10 banks with which the company cooperates and these are:

  • mBank
  • Raiffeisen Polbank
  • Deutsche Bank
  • Getin Bank
  • Bank Pocztowy
  • Alior Bank
  • Plus Bank
  • Idea Bank
  • NeoBank
  • Nest Bank

Credit advisers, as part of the response to the submitted request, provide us with offers of consolidation loans that the client can compare. The choice is large, so it will certainly go to the offer that suits the borrower the most.

When he selects the best consolidation loan, the company arranges it with a representative of a given bank for a specific day and hour.

The important information is that in us there is no such thing as offers like a consolidation loan without creditworthiness. In addition, the company does not provide payday consolidation services.

 

Advantages of using the help in obtaining a consolidation loan

Advantages of using the help in obtaining a consolidation loan

  • big time saving due to sending one application instead of several
  • our BIK scoring and thus the creditworthiness will not be reduced
  • application analysis in 10 banks, even within 24 hours
  • consolidation loan via the Internet, without leaving your home
  • free online application support
  • the opportunity to obtain an offer that will reduce monthly installments by up to 30%

 

]]>
http://www.ctv-net.org/2019/01/17/assistance-in-obtaining-a-consolidation-loan/feed/ 0
10 Examples of Where to Consolidate Your Debts to Save You Thousands! http://www.ctv-net.org/2018/12/09/10-examples-of-where-to-consolidate-your-debts-to-save-you-thousands/ http://www.ctv-net.org/2018/12/09/10-examples-of-where-to-consolidate-your-debts-to-save-you-thousands/#respond Sun, 09 Dec 2018 14:58:49 +0000 http://www.ctv-net.org/2018/12/09/10-examples-of-where-to-consolidate-your-debts-to-save-you-thousands/

Financial recovery methods do not have to be last resort solutions! When debts begin to accumulate, it can be very profitable to take the lead and put in place a debt consolidation plan that will save you significant amounts of money and speed up repayment.

 Planning-Finance

What is debt consolidation?

Debt consolidation is one of these effective ways to overcome over-indebtedness, yet it is little known to ordinary people. Do not worry, because we are here to present you the advantages as well as the functioning of the debt consolidation!

However, it can be difficult to identify the needs of your own situation. Indeed, you are probably not a tax expert or a financial planner, which is why we present you with 10 examples of situations where consolidating your debts could be advantageous and save you thousands of dollars!

 

You can no longer make your monthly payments

Nothing hurts the credit file to make late payments or not to do them at all! As with credit cards, failure to pay the minimum monthly amount on your bills affects your financial history and triggers the accumulation of interest rates.

Do not get dragged into such a situation! The main advantage of a debt consolidation is the fact that the loan granted by the bank is divided into a monthly payment at a reduced interest rate (compared to your existing debts), and this amount is set in such a way that you are able to make payment every month in full and without delay.

It is obviously important to make sure you are able to make this monthly payment before accepting a debt consolidation loan. Failure to comply with this payment agreement can have consequences that are as serious, if not more serious, than late payment on credit cards, especially if the bank has a secured loan or the loan is endorsed by someone else. ‘a.

In this way, as you make the full payment of your debt each month, you stop hitting your credit rating and start the process of getting your finances back on track. So if you are the type to avoid looking at the balance of your card for fear of suffering discomfort, think about consolidating your debts. You will see that the end of the month do not have to be as stressful as they are now!

 

You are suffocated by credit card debts

It is said that there is nothing worse in cases of over-indebtedness than credit card debts and with good reason! Credit interest rates are often close to 18% to 20%, which multiplies your total repayment over time and makes paying your debts more and more difficult.

 

Credit-card debt,.

If you’re the type to wait for the end of the month in fear and anguish in front of an ever larger credit bill than last month, it may be time to think about getting your finances back. Getting a consolidation loan is one of those options that can help you get out of such a mess.

The financial institution from which you will obtain this loan will pay your debt to your lenders and you will only have to repay the bank in return. This has the undeniable advantage of curbing the accumulation of interest on your debt, since financial institutions generally offer interest rates on their loan that are significantly more advantageous than those you pay with your credit company.

In the case of a refusal by a financial institution to grant you a consolidation loan, you can always try your luck at another bank because each of them maintains its own admission criteria. However, do not be too quick to rush to the first private lenders or agencies other than the banks you find, because some of them charge a lot for the services they offer and their interest rates offered do not are not always as preferable as we think at first sight.

 

Interest rates on your debts are high

One of the first strategies for getting out of debt relief has always been, is and will always be to get rid of the debt at the highest interest rate first. Some files may require a different strategy, but the general rule is that these overwhelming debts go first.

It’s not just credit cards that charge high interest rates, personal, auto or recreational vehicle loans all go around 12% to 15%, which is above the rates. related to consolidation loans.

So, if the RV, motorcycle and mortgage start to hurt your wallet, it is possible to consolidate these debts in one and the same loan. Especially if you have such assets, you probably own a house, which puts you in a prime position to get a preferential rate. Indeed, as homeowners can borrow a huge percentage of the value of their home for a consolidation loan, this option presents itself to you as a golden opportunity!

 

You have debts with many lenders

One of the main advantages of debt consolidation is that the phone stops ringing every day and you no longer have to suffer the wrath of your many disgruntled lenders. So, if you are in a situation where the simple sound of the ringing phone is stressing you and makes you think of your many debts, you should consider getting a debt consolidation loan.

When the bank or another institution agrees to lend you a consolidation loan, it is the bank that pays the debts to your creditors. The latter having received their due, they will leave you alone, because it is the bank that has settled your debt for you. It is also the bank that will become your sole creditor to repay, which will put an end to these unpleasant phone calls.

If you find this situation most familiar, consolidation may be an option that will give you peace of mind and lessen your daily stress. Not to mention that consolidation is also a great plan to save you a lot of money.

 

You have dependents

If you have parents of young children, or if you support multiple family members, your wallet is likely to be burdened by debt or large future expenses. The problem with this type of situation is that you have to think about the future of many people, not just yours.

When the expenses related to the young person’s hobbies, school supplies and new hockey equipment have been paid with the credit card, it is likely that many other expenses will have been spent as well.

If you fear that you will not be able to bear all the expenses that your offspring will incur before long and that you have begun to accumulate unpaid bills, debt consolidation could save you thousands of dollars.

It’s much harder to simply cut personal expenses when you have to support multiple people. That’s why, by consolidating your debts, you avoid aggravating your financial situation and becoming unable to support your loved ones.

 

You have a good credit record

It’s no secret that banks do not lend money to anyone who wants to ask them for a loan. Financial institutions protect themselves by only lending money to people with a good repayment history.

Obtaining a debt consolidation loan is also subject to a credit investigation and the banks want to make sure that you are a debtor who pays back on time.

If you are in a situation where your credit history is healthy despite some debts that need to be consolidated, you could be the winner of such a bet.

Before you sign the loan that the bank gives you so generously, make sure that the interest rate attached to the loan is lower than the debts you already pay. The interest rates for a consolidation loan are around 12%, which is significantly lower than credit card rates, the main source of debt.

A financial advisor is also the expert of choice to inform you about the advantages of this approach according to the subtleties of your situation.

 

A solvent endorser is ready to guarantee your payment

Do you have an entourage whom you trust and who has similar faith in you? If so, this is good news, as the bank may require an endorser to add his name to the loan agreement to secure his interests. Of course, this situation is not ideal, far from it! However, this could be a necessary evil, especially if your finances are not as good as you would like.

The endorser is in fact the person who agrees to vouch for your debt in your place if you were unable to fulfill your financial obligations with the bank. The latter will have the right to turn against your endorser and demand the full payment to the good Samaritan who has kindly helped you, which would be a scenario for the least unfortunate, it is the least we can say.

In addition, if the latter is forced to pay for you, do not think that you are free as air! Indeed, the endorser can make an appeal against you if you do not run to recover his money. It will prove difficult if you no longer have the funds to pay it back, but the simple fights of legal struggle that can follow is enough to think twice.

The advantage of having an endorser is that it gives access to larger amounts of money on loan and increases your chances of you simply granting yourself the loan.

So, if you are confident that you can repay each of your payments as agreed with the bank and that a relative or friend wants to take this risk for you, debt consolidation is indeed a tempting option for you!

 

You are able to negotiate the interest rate

Just because the bank has the big end of the stick, that does not mean that you are obliged to accept the first offer made to you! You should take the time to shop consolidation loan offers from different financial institutions to compare different options in the market depending on your situation.

negotiation-rate

The better your credit report, the greater your bargaining power! That’s why it’s so important not to delay consolidating your debts, because the longer you wait before getting your finances in order, the more your credit report will suffer, and the more likely you are to get your money. interest on your consolidation loan will be low.

In addition, the services of a financial advisor or financial planner independent of a financial institution are often a good starting point in your approach, because they will be able to guide you and inform you about the types of loans that you should accept, without being tainted by the interests of the bank.

As mentioned earlier, it is generally advisable to be wary of some private lenders who do not offer a real benefit to their consolidation loan and who sometimes take advantage of your situation of need. Hence the importance of doing business with professionals!

So, if you are in a situation where, despite your debts, your credit rating has a drinking rating, you may well end up winning a negotiation with the bank and thus get a rate that is greatly beneficial.

 

You have learned to control your expenses

It is not our job to lecture you on the good and bad things to do with your money, because as we just said, this money belongs to you! However, when it comes time to talk about debt consolidation, this topic is inescapable. Why? Because a consolidation loan (especially a consolidation mortgage) will give you access to more funds available.

The problem you ask? This is because you risk falling back into the same trap that led you to over-indebtedness in the first place. It is not abnormal to see a second or even a third bankruptcy in someone who can not control himself.

This is one of the dangers of consolidating your debts if you have not learned from your mistakes. But as we have full faith in you, we know that the lesson is well anchored. That’s why consolidation can be a sound financial recovery approach if you use it wisely. It’s your financial security that depends on it after all!

 

You have property to give as guarantee

Like your credit history, the value of your assets that can be pledged will greatly affect your ability to obtain a debt consolidation loan. Indeed, as the bank seeks to secure your payment, it will most likely require that you give the property as collateral that can be seized in case of non-payment.

One of the most common ways that banks use to offer a lower interest rate is to require that you give your home as collateral, which is the most certain way to get the best rate possible. Of course, giving such a guarantee comes with the added pressure of having to make every payment with the accuracy of a metronome, otherwise the bank will be justified in exercising its right to your property.

You will understand that if the option of an unsecured loan is offered to you at a favorable rate, you should think about this option, because although the consequences of non-payment are still serious, you do not risk to make you seize so far.

However, this decision greatly depends on the particularities of your financial situation and your past. Hire a qualified person before making such an important decision!

 

Do you recognize your own situation?

Have you just finished your reading and you realize that your own financial situation has some, if not many, striking similarities to the examples we have given? If this is the case, it may be time to take on and start the machine before debt consolidation is even an option for you.

Indeed, if your debts are too big or your credit has been too much affected by your bad spending habits, it may be that no financial institution or private agency wants to contract with you. This scenario would lead to alternative debt resolution methods such as the consumer proposal, debt collector, or even worse, bankruptcy!

There is nothing to panic about, we are on the way! Now that you have decided to get rid of this burden, we are at your service to put you in contact with renowned professionals who care about your financial health and who know how to get you back on track.

 

By consolidating your debts, you will easily save thousands of dollars, in addition to quickly getting out of debt!

 

]]>
http://www.ctv-net.org/2018/12/09/10-examples-of-where-to-consolidate-your-debts-to-save-you-thousands/feed/ 0