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If you need money, then you can apply for a loan and get funding directly from the lender. This type of loan is often aimed at young people or entrepreneurs who want to promote new ideas: it is a way to support the birth of new companies and potential jobs. For this reason, very often it is the public institutions that provide this type of funding: it can be the central State or local authorities, such as the Regions, or the European Union. In particular, European tenders can be a good opportunity for young entrepreneurs, especially in the field of innovation.

Let’s see what it is in both cases. As far as interest rates are concerned , very often on the market it is difficult for a new company to convince creditors to set a favorable rate (unless the bank also has its own concession program). This happens because, especially in these last few years of credit crunch, many banks do not trust the risks deriving from the launch of a new activity of which one is not sure of the success, and therefore not even of the repayment of the loan.

Often, however, public (or private) tenders that implement loans for new companies or companies in difficulty set a threshold beyond which the interest rate cannot rise: usually, this threshold is lower than the rate that should be paid on the market. In this way, the new entrepreneur can plan the start-up times with more confidence.

The other mode of facilitation for companies consists of public guarantees. To obtain any loan, solid guarantees must be presented to the creditor: a new company may be without it. For this reason the State can intervene guaranteeing the loan to the entrepreneur in person. In this regard, the Italian legal system provides for a Central Guarantee Fund to reduce the risk on the guaranteed amount up to the figure of 1.5 million euros.

Business loans can be used for the purchase of new machinery


The development of innovative projects, a change in workspaces within the company, the development of energy efficiency, the internationalization of companies, female entrepreneurship and youth, research and innovation, safety in the workplace and environmental protection.

Are you more interested in having a good credit rating or no debt?

We talk a lot about credit rating, credit history and credit rating. In parallel with topics such as how to get out of debt and budgeting, these topics are probably the most often discussed regarding personal finances. There are two reasons for this. First, lenders, banks, creditors and credit agencies tell us that credit is really important. Secondly, credit is really very important in certain situations. So when does your need to have a high credit score become the most important? We suppose, when you run out under debts.

What affects your credit rating?

What affects your credit rating?

Your credit rating is calculated according to 5 categories: payment history (35%), total debts (30%), credit duration (15%), diversity of accounts (10%) and recent surveys (10%). ). How you manage each of these categories dictates how high or low your credit rating will be. Each of the categories is weighted, for example, whether or not you make your payments on time is much more important than the recent credit applications that appear in your credit report.

Who is interested in your credit rating?

Who is interested in your credit rating?

Your credit rating, a short three-digit number, represents you and your financial habits. If you have “bad” financial habits, your rating will be affected and if you have “good” financial habits your rating will also be affected. So who decides what is “good” and what is “bad” when it comes to financial practices? These are the people who provide loans and credit cards and the institutions that govern all that. Lenders, creditors and credit reporting agencies know what constitutes good credit. If you are dealing with one of them, your financial health is important and there is no way around it.

Do you want a good credit rating?

Do you want a good credit rating?

If you want a good credit rating in order to be approved for loans and other financial products, you must go into debt. This is a detail that many people do not know, do not want to admit, or do not like. Credit ratings are based on your ability to manage debt. If having zero debt is your number one financial goal and you have been able to reach that goal, it’s amazing and we can never congratulate you enough. But you know what? Your credit rating might not be as high as you think. It would probably not be bad, but it is certain that it would not be high either. Being in pursuit of a high credit rating is not a bad goal but we want to make sure that you understand what is happening and that going into debt of thousands of dollars to get a high credit score is not the best idea either.

Credit vs. no credit

You can live your financial life in two ways, with credit or without credit. Both options come with both advantages and disadvantages and both options are completely attainable. It simply depends on how you see the course of your life and what types of investments or purchases you hope to make and how you plan to do it. arrive. If you want to buy a home, like the majority of Canadians, it is very likely that you will need a mortgage to do so. In this case, to get an affordable mortgage, you will need a credit history and a good credit rating. This means that you are going to need to use credit products and potentially debt to achieve a high credit rating. If you are a renter (know that landlords are almost always doing a credit check, so a credit history is required) and you are planning to buy your next vehicle in cash, then your credit is not that important .

How to find a balance between your debts and a good credit rating?

How to find a balance between your debts and a good credit rating?

If you currently have debt and want to become debt free or just looking to improve your credit, here’s what you need to know about debt management while trying to get a good credit rating.

Use of credit

As mentioned above, your credit rating is based on 5 factors and your payment history is the most important of all. The second most important factor in this calculation is the total amount of your debt. It is to this factor that you need to pay special attention if you want to maintain a good credit rating while trying to pay off your debts.

You should have a credit usage (the amount of debt you have compared to your available credit) not exceeding 30%, but lower than this is even better. Having no credit usage is not good and will even have some negative impact on your credit rating. Finally, you need to determine for yourself, based on your current level of debt, how to maintain a credit utilization rate that will allow you to repay your debt and hopefully maintain your credit rating.

Here is a quick summary of the most important points:

  • Paying your debt is always a good idea.
  • Maintaining a high credit rating is also a good idea, but not at the expense of managing your debts.

To maintain or build a good credit rating, you absolutely must:

Make your payments on time all the time.

Make sure your credit usage is less than 30% but greater than zero.

Know that no one really needs a credit score of 850, especially when you’re crumbling under debts.

Mortgage Loan or Portability – What it is and How it Works

The subrogation is a procedure introduced and regulated in Italy with the l. 40/2007 (the so-called Bersani decree) and whose contents were then integrated into the Consolidated Banking Act. The purpose is to increase competition between credit institutions.

But what constitutes the surrogate? What are the main features of this procedure? And how can you benefit from it?

What’s this


The subrogation is a procedure by which the borrower (ie, the mortgage holder) requests the transfer at no cost of his mortgage loan. The “transfer” takes place from the original lending credit institution (the old bank, surrogate) to the new incoming credit institution (the surrogate bank).

In other words, with the subrogation, there is, in fact, a replacement of the loan. The new credit institution takes over the relationship with the borrower/debtor, instead of the original bank. The occasion will obviously be useful – we will talk about it in the section dedicated to the advantages of this procedure – to be able to review the conditions of the contract, evidently in a more favorable way to the borrower.

How the subrogation works

How the subrogation works

From the above lines, it should be clear that with the subrogation a mortgage is replaced without having to cancel the original mortgage. In the same way, this will happen without the creation of a new mortgage guarantee. An operation of this type would have involved costs not irrelevant for the borrower, and with the regulatory framework provided by the subrogation can instead be carried out in a more streamlined and, above all, devoid of monetary burdens.

Technically, therefore, the subrogation qualifies as a purpose loan. The loan must be granted for an amount that will be exactly equal to the residual debt of the old loan (updated at the date on which the contract is stipulated). On the other hand, the remaining features may change, ie the duration of the loan, the amount of the installment, the rate of the credit line.

As we will deal with in the next paragraph, from what we have explained above it is quite clear that the main benefits of the subrogation are precisely linked to the possibility – for the borrower – of being able to manage the financing with greater versatility, negotiating more favorable conditions compared to the previous ones, such as, for example, the lengthening of the residual duration of the loan with a consequent lowering of the installment amount, or the change from the variable rate to the fixed-rate, or vice versa.

Finally, keep in mind that with the subrogation it is not possible to increase the amount of the residual debt and, therefore, obtain additional liquidity, but on the other hand, it is possible to subrogate the loan for the purchase of the first home without losing the tax benefits typical of the operation.

Bilateral subrogation and trilateral subrogation

The act of subrogation can be bilateral or trilateral.

Bilateral succession

Bilateral succession

As can be guessed, in the bilateral subrogation there will be the intervention of only two parts. These will necessarily be the new bank or subrogee bank, and the debtor, or borrower.

More rapid and streamlined implementation, technically the bilateral subrogation will be carried out through the stipulation of the new loan contract for subrogation or subrogation. Here you will find all the new conditions agreed between the borrower and the new incoming credit institution.

A unilateral act of receipt will then be stipulated. With this the original bank will attest the extinction of the loan due to subrogation, with a simultaneous commitment not to cancel the mortgage. This act will be authenticated by the notary and will not request the intervention of the borrower, but only of the original bank.

It follows that, in terms of immediacy and relational ease, the borrower will only have to go to the new credit institution and agree on the conditions of the new loan. It is therefore not necessary to address further relations with the bank that is being abandoned.

Trilateral succession

The trilateral subrogation instead provides for a single notarial deed before the original, surrogate bank, the new bank, subrogee, and the borrower or debtor.

Therefore, there will be no new loan agreement and a surrogate bank receipt. There will be a single notarial deed containing the new loan contract in an integrated manner with each condition determined between the borrower and the new credit institution, the receipt for the extinction of the old loan (which will be issued by the surrogate bank) and the commitment (by the same surrogate bank) not to cancel the original mortgage.

Benefits of subrogation

But why have so many Italians already benefited from the subrogation? What are the typical advantages of this contract?

For the most part, the advantages of the subrogation have already been mentioned or, in any case, their listing can be easily understood from what we have summarized in the previous paragraphs.

Schematizing the main benefits of this contractual form, we can remember how the most important and well-known advantages of the subrogation are the following:

  • it is possible to move the loan from one credit institution to another free of charge, while at the same time obtaining improved conditions;
  • the loan conditions offered by the new bank can be renegotiated, for example by choosing to change the technical form of the rate (with a change from variable to fixed, as many Italians have done over the last few years) or agreed a different spread (with maintenance of the same technical form of rate) or modifying the duration of the loan (mainly in extension, in order to benefit from a simultaneous lowering of the installment amount);
  • it is possible to agree on a different ancillary performance regime, with the addition of possible insurance, or maintenance of the previous protections but at a lower premium compared to those linked to the original loan.

What to do to replace the mortgage

What to do to replace the mortgage

As we have already mentioned, to be able to subrogate the loan, it is sufficient to go to a new credit institution and agree with it the conditions for this purpose financing.

Precisely for this reason it is also appropriate that the choice of subrogation is preceded by a series of preliminary precautions, such as the careful verification – mainly, with the supervision and advice of an expert – of the conditions and costs of the current loan, at order to correctly interpret the expenditure structure being supported.

It is good, in this sense, not to dwell only on the nominal annual rate (that is, the rate that is applied to the loan capital). Instead it will be necessary to try to understand which are the most reliable synthetic cost indicators (such as the APR) and all the other “non-monetary” conditions that could have the advantage of modifying, such as the duration.

Once this is done, it is good to try to understand what are the advantages that you want to get with the replacement of the mortgage. For example, some borrowers may want to get only a lower rate. Others may find it more useful to change the technical form of the rate because they have changed their forecasts for the future. Still others may need additional liquidity – and therefore the subrogation will not be the prevailing technical choice. Some may wish to benefit from a reimbursement flexibility not guaranteed by the old mortgage.

Substitute or renegotiation or replacement?

loan replacement

In the margins of the above we have been able to summarize, we can well summarize how the subrogation is a useful way to be able to transfer the mortgage at no cost, while taking advantage of the typical benefits of the revision of the basic conditions of the loan.

However, there are some situations in which the subrogation is not feasible. The main hypothesis is linked to the possibility that the borrower needs additional liquidity: in this case, a new loan can be requested, with part of the borrowed capital (we imagine, most of it) that will pay off the debt remnant of the old mortgage. In this case, the mortgage guarantee does not remain as from original financing, but a notarial deed will be necessary to be able to extinguish the previous one and constitute the new one, with consequent extra costs.

Then there are other cases in which the borrower does not intend to abandon his “old” credit institution, but intends to stay with it and evaluate with this bank the possibility of being able to review the conditions of the loan. In this case, the borrower may request a renegotiation of the existing loan , thus seizing the opportunity to be able to change the rate, duration or other conditions. The bank, however obvious, has no obligation to renegotiate the mortgage. The exercise of commercial and negotiating pressure by the borrower, which could mean the willingness to resort to subrogation in the opposite case, could however induce the credit institution to open negotiating margins in this area.

Borrow with your head. The cost of a non-bank loan

Just before Christmas, many of us are struggling with a dilemma, how to finance the dreams of relatives.” The desire to spend time in a family atmosphere at a generously set table makes us start looking for companies that provide quick loans. it kills in us rational thinking. We often make financial commitments that are not covered by the current state of our portfolio. Let’s be aware that the loan does not have to be a problem. There are many helpful credit and loan institutions on the market that will help us finance gifts, Christmas shopping or trips. The main thing is not to lose your head and do not fall into the spiral of debt during the holidays, that is, when our obligations become too heavy. To avoid problems, it’s worth following the few tips below:

Check how much you can borrow

Check how much you can borrow

There is nothing simpler. First of all, let’s think about the amount of income we expect in the next months. In a situation where we lack cash, but we expect additional funds, such as an annual bonus, we have nothing to fear. When we make a financial commitment, we know that we will pay its repayment. If we want to take out credits or loans for a longer period, it is worth considering what amount of monthly installments we can repay freely. Remember that we can always contact a specific loan company and ask for advice. Almost every non-bank institution has trained employees to help us assess our financial capacity.

Read loan agreements! You do not understand, do not sign

Read loan agreements! You do not understand, do not sign

A contract is a concerted agreement between two or more parties establishing their mutual rights or obligations. If the contract is unclear to us, and some of the provisions seem confusing, suspicious – do not sign such a contract. Let’s choose a company that in its activity is guided by moral values ​​and does not use “legal traps and small print conventions”.

Internet loan costs

Internet loan costs

Pay attention to costs! Financial and non-banking institutions do not lend money for free. Each contract must contain a precise calculation informing how much it will cost us a loan or a loan. The costs may include:

  • Interest rate: this is the income for borrowing depending on the interest rate set between the parties. The interest rate has a maximum value determined by the Civil Code. It is four times the NBP lombard loan rate, which was 2.5% as at March 2015. Thus, the maximum interest rate is 10% of the value of the loan or loan.
  • Commission: a form of remuneration for granting a loan. Depending on the institution in which we make the commitment, we pay the commission at the beginning of the contract period – from the consumer’s own funds, or (which is more frequent) by deducting from the loan amount borrowed. On the other hand, in the case of non-banking companies providing payday commissions, the commission is paid at the end of the loan period.
  • Preparation fee : often financial institutions impose costs on the client related to the preparation of the contract and the processing of the loan application. If the amount of the fee is in the form of a percentage of the amount borrowed, it is difficult to find their reflection with the actual incurred by the lender.
  • Administrative fee: the justification varies depending on the lender. You can treat it as a commission and preparation fee. Its purpose is usually to return the lender costs related to the operation and administration of the loan granted.
  • Home service fee: some of the companies introduced the cost of collecting debt from the consumer’s home. This is called additional service consisting in the fact that the representative of the loan company comes to the customer’s home and personally receives the installments (the so-called receiving debt). We always ask for the possibility of giving up service at home, because giving up on it will significantly reduce the costs associated with servicing the loan or credit.
  • Registration fee: a popular cost in loans or credits provided on the Internet channel. The fee is one-off and usually symbolic (usually PLN 1 or PLN 1). It is collected at the first loan and serves identification purposes – a comparison of registration data with the information contained in the title of the transfer.

There is no doubt that sometimes it is difficult to precisely determine what the actual cost of a loan or loan is. To facilitate the comparison of various offers, helpful parameters were introduced.

  • Total loan amount: the total amount of the loan or credit that the financial company transfers to the customer.
  • Total cost of the loan: the sum of all costs that the customer must incur to receive the loan and credit amount requested.
  • The total amount to be paid by the consumer is the sum of the total cost of the loan and the total amount of the loan.
  • APY: Actual Annual Interest Rate indicating the total cost of the loan. As a result, the client does not have to think and compare the amount of commissions and interest on various offers, and the total cost is expressed in one percentage. The lower it is, the lower the cost of the loan. APY is calculated on an annual basis. The manner of calculating the APRC is precisely specified in Annex 4 to the Act of 12 May 2011 on consumer credit (Journal of Laws of 2011, No. 126, item 715, as amended)

Non-bank loans are a simple and convenient way to finance Christmas shopping. Let’s just remember to keep a little cold blood and rationality while choosing the parameters of the loan. Let’s check what level of burden will not be a threat to our financial liquidity in the coming months.

Forward Loans


With a forward loan, you can benefit from the currently low interest rates for the follow-on financing of your construction loan. A forward loan is interesting for anyone whose fixed interest rate mortgage expires over the next few years. In this case, it is best to think about their follow-up financing at an early stage and weigh up whether they should not already tie their remaining debts to the current low interest rates.

What is a forward loan for follow-up financing?

What is a forward loan for follow-up financing?

The forward loan works in principle quite simply. If the fixed interest on your construction loan expires, your bank will suggest follow-up financing options so you can plan the repayment of your remaining debt. With the expiry of the interest rate, you then have the choice to continue the loan with your bank or replace it. An effective means for this is a forward loan.

Basically, a forward loan works so that before the interest rate period expires, you can take out a new loan from another bank, which you use to repay the remaining debt at your bank. Of course, the new loan is usually paid back to your new bank in installments. The point is that you agree on a new fixed interest rate at the conclusion of follow-up financing, at the current conditions.

If the interest rate lock on your mortgage loan expires in 24 months and you are already opting for a forward loan as follow-up financing, you are guaranteed to pay only the current interest rate, regardless of whether it has risen or fallen in 24 months. You get planning security and are independent of possible interest rate fluctuations in the future.
Until the end of the fixed interest period, you will continue to pay your repayment installments as normal. On the day the mortgage expires, the new bank pays the remaining debt to your previous bank. The mortgage is transferred to this bank and you pay the remaining debt back at the agreed rates at the current low interest rate.

Advantages and Disadvantages of Forward Loans

Advantages and Disadvantages of Forward Loans

Probably the biggest advantage of follow-up financing via forward loans is the good planning. Especially in times of financial crisis and the sometimes unpredictable interest rate development, you can already set today how high the interest rate on your follow-up financing will be in several months or years. Currently, interest rates are lower than they have ever been. If the current decline in interest rates reverses to the opposite in one year, there is a risk that the repayment of your remaining debt due to high interest rates will be really expensive.

On the other hand, the conclusion of a forward loan is basically nothing more than a bet on rising interest rates. The agreed interest rate applies in any case. So if it happens that interest rates go down even more after the loan is over, you still pay the agreed interest rate, which makes your follow-up financing more expensive than it should.

Experts currently see no acute indications that interest rates will soon rise again. However, it is also clear that they can hardly sink further. For you, this means that you do not have much to lose, because interest rates can hardly fall much lower. On the other hand, if they rise again in some time, you will profit from the low interest rates in the future and save a lot of money as a result.

Forward Loan: Information about costs and decision time

Forward Loan: Information about costs and decision time

The question remains to clarify when exactly you should make a decision for or against a forward loan for follow-up financing. The basic rule is that a forward loan is available to anyone whose fixed interest arrears expires in 12 to 66 months. With a shorter period than 12 months, a forward loan is barely worth it, if it is offered at all. For more than 66 months, no bank should commit itself to the current interest rates.

As far as the timing of the decision is concerned, it is up to you whether to opt for a forward loan now, or to speculate that interest rates will continue to fall over the coming months. Before concluding a forward loan, you should absolutely compare various offers and pay particular attention to the interest premiums.

What are interest premiums?

What are interest premiums?

Banks are taking some risk with fixed interest rates for the future. To do this, they usually charge an interest premium of 0.01 to 0.03 percentage points per month, which elapses between the conclusion of the forward loan and the expiry of the interest rate commitment on the current loan.

Forward loan example: You sign today the contract of your Forward Loan. It will take 24 months for the loan to end its loan and the new bank to pay the loan. With an interest premium of 0.02 percentage points, the interest rate of your forward loan increases by 0.48 percentage points. For example, if the current interest rate is 3.10 percent, the interest rate on your forward loan is 3.58 percent (3.10 percent interest rate + 0.48 percent interest premium).

Due to the fact that banks are currently getting long-term loans at much better terms than short-term loans, many of them are currently refraining from applying interest rate surcharges. Should you still hesitate and find that interest rate surcharges are on the rise, you are well advised to complete the forward loan as soon as possible, as high or rising interest rate surcharges are a clear indicator that banks are expecting interest rates to rise again.

Additional costs hardly arise with follow-up financing via forward loans. The annual percentage rate of interest is set at the time the contract is concluded. In this all costs are included, which are incurred by the loan. The only additional cost is the debt restructuring, because since the mortgage is transferred from one bank to another, the land registry must be active and also a notary involved.

These costs are incurred only once. How high these costs are depends on the individual case. As an order of magnitude, however, you can expect something more or less than 0.17 percent of the remaining debt. For example, if your remaining debt amounts to 150,000 euros, you can expect a one-time extra for the debt restructuring of approximately 255 euros.

Conclusion on follow-up financing by means of forward loans

Conclusion on follow-up financing by means of forward loans

A forward loan is currently a very interesting option if you want to continue to benefit from the current low interest rates in the future. While you are making a bet that you can win or lose, the risk of loss is pretty low right now. In times of turbulent financial markets and unpredictable changes in interest rates, you should weigh up whether to speculate on even lower interest rates or, in the long run, at least in terms of follow-up financing, decouple from the risks of rising interest rates.

Our topics on this page

  • 1 What is a forward loan for follow-up financing?
  • 2 Advantages and Disadvantages of Forward Loans
  • 3 Forward Loans: Information on costs and decision time
  • 4 What are interest premiums?
  • 5 Conclusion on follow-up financing via forward loans

Loans on Business Startup

In order to obtain loans for business start-ups and to be able to build and realize the desired company, it is necessary to look at various offers and thus to find an adequate loan. On the Internet, loans can be selected in different amounts and, if the credit rating is lower, can be applied for with other hedges.

Especially when starting a business, real assets or a high credit rating are usually not available. At the house bank, an application would lead directly to the rejection and not end with a positive approval. For this reason, it is advisable to look at the same time on the free financial market and here to compare different loans when setting up a business.

Save by comparison

Save by comparison

Lending at start-up should be equally favorable interest rates, with low fees and high flexibility. In order to find a model based on one’s own claims and to make the right decision, various loans from private investors or independent financial intermediaries can be viewed and compared in direct comparison.

If one uses a comparison before the final decision and chooses only one credit that meets all criteria, not only too expensive, but also less flexible and thus uninteresting loans can be taken off the agenda. Loans can be applied for on the free financial market and granted unbureaucratically in varying amounts.

Even in difficult situations, free financial service providers and private investors offer a solution and decide not on the credit rating, but on the basis of actually granted collateral on the loan. The application is easily put online and processed within 24 hours.

Non-bureaucratic processing and fast payout

Non-bureaucratic processing and fast payout

Especially in the area of ​​start-up lending, in most cases it depends on the timely demand of the loan amount. Before a company can start, important purchases must be made or the appropriate premises rented. Long waiting times prove to be extremely unfavorable for this reason and would delay the start-up useless.

With an instant loan not only the approval within 24 hours takes place, but also the disbursement is made immediately to the borrower. After the statutory waiting period of 7 days, you can directly dispose of the sum and start the business.

The credit rating plays a minor role. All start-up loans can be secured with assets or a guarantee from friends and relatives, but also from business partners. Security is only resorted to in the event that the borrower does not pay agreed installments on time or in sufficient amount. Also, the guarantor is only taken in breach of contract by the actual borrower in the liability of the lender.

Loan for Entrepreneurs with Negative Private Credit

If you want to take out a loan for start-ups with negative private credit, then this is a loan request, which requires intensive processing by the bank’s corporate client advisor but also by the borrower himself. So prepare thoroughly for the loan application!

This preparation consists of various phases, the “tidying up” of one’s own private credit entry, the search for alternative sources of funding and also the provision of collateral. So you can prepare well for the loan for start-ups with negative private credit:

Step 1: Clean up, settle the open positions with the creditors

Step 1: Clean up, settle the open positions with the creditors

Many a negative entry in the private credit is based on a dispute with, for example, a mail order company or a telecommunications company. If there is still an open, demanded and registered claim, you could contact the creditor. And there ask how fast he releases the private credit entry for deletion, if you pay for a part or the entire claim.

This is particularly useful in all cases when the dispute has started with a different contract interpretation or an exchange has begun and both sides have not agreed. Even if you have outstanding loan installments, you should pay them back first to signal reliability. The reason for this is that even in a low-interest-rate phase you can not expect banks to take on further risks despite a very low interest margin.

Step 2: Check all funding opportunities and sources of money

Step 2: Check all funding opportunities and sources of money

In the case of a loan for start-ups with negative private credit, both the lender and the borrower face a major challenge: In almost all start-ups and business openings, massive investments in the start-up phase are offset by later sales expectations.

Many companies and services need to be well known, so a period of red numbers seems almost inevitable in the early months. It is helpful if you can not just service the running costs from a loan, but other sources of funding are also available. Check all funding pots and ways to support the company foundation!

Step 3: Offer additional collateral or guarantees

Step 3: Offer additional collateral or guarantees

If you do not have a good credit rating and maybe a negative private credit entry, then lenders like to see the risk spread across multiple people. If you have a guarantor in the relationship or the circle of friends for the credit for start-ups with negative private credit, then this can mean a significant risk reduction for the lending bank. According to the principle that more shoulders can also carry more load, the bank’s risk assessment is better.

As you prepare and follow through the steps, the chances of paying the loan are much higher!

Shopping and Finance – Sometime and Today

Shopping and finance – sometime and today

The development of technology makes that what a dozen or so years ago required a lot of effort today is child’s play. The Internet has made services to a higher, previously unknown level. This applies not only to trade, but above all to the financial sector.

Let’s go back 25 years. Your mom has just decided to buy a camera. How did it lead to the end? She left the house and for 20 minutes she went to the nearest electronics store reading a newspaper bought at the newsstand at that time. Then, when she reached the place and found the camera stand, for the next half hour she compared individual models, flooding the shop employee with questions. In the end, she made a decision. She chose the camera and went to checkout. She pulled a wallet out of her purse, stuffed with banknotes, paid and left. With the camera and an empty wallet. Some time later she decided to go on vacation – after all, the camera can not be useless. What did the ticket purchase look like? Like the camera. Travel to the facility and finalizing the transaction.

microrata loans payday

Now, let’s think about how these issues look a quarter of a century later? On a computer or phone, you start the right page, select products, compare them, and read the opinions of other people. Then you order, make a transfer and wait for the courier who will come with the camera or – in the case of a ticket – you will immediately receive it on your e-mail. The whole process is definitely less time consuming than a dozen years ago and you can go through it sitting deep in the chair during the break of the match. The development of the Internet has made the percentage of people making purchases with it bigger and bigger. This method is simply more convenient. Especially young people appreciate it. The situation is similar to the financial services market.

The younger generations want to make use of them as simple and quick as possible. Checking account balance? Paying bills? Using a loan? Mobile device with internet access is enough for everything. It’s much more convenient than searching for stationary points. To find out something about the service you intend to use, just a few minutes spent in the relevant forums and familiarize yourself with the company information on its website, for example in the ” about us ” tab. The Internet is playing an increasingly important role, and finances are the best example, as evidenced by the number of closed outlets – in 2017 there were over 400 stationary points left. Information about a product or company – including its contact details – is just a small part of what you can find on the web. From the point of view of people wanting to use the service, it is also important that they can submit an application without leaving their home.

Shopping, ticket booking or the use of financial services – today all these activities are extremely simple. This is especially true of young people who are eager to use technological innovations and the opportunities they bring.