Immediate credit limit for loans.

Establish a general age limit for granting loans.

Establish a general age limit for granting loans.

Maximum amounts for pensioner loans and age limits. ERP Credit Commission also decides on loan amounts that exceed this limit. is granted immediately if the creditworthiness is reasonable and the credit guidelines are adhered to. Unlike other loans, a cap loan differs in that it has a variable interest rate.

A low-value system (GWG) is mobile, susceptible to wear and can be used independently. If a GWG does not cost you more than USD 410 excluding VAT or USD 487.90 VAT, you can claim it as income-related expenses and have the right to deduct immediately from your taxable profits, whether you are an employee or a self-employed person.

From 2018 prices will increase to 800 USD net and 952 USD gross value. If you need the GWG to generate investment income, the total amount must exceed the savings allowance of 801 USD for singles or 1,602 USD for married couples so they can include it in their income tax return. The GWG is a movable, wear-resistant, independently usable asset whose acquisition or production costs do not exceed a certain amount (§ 6 Abs. 2 EStG).

The elimination of the deduction of the actual income-related expenses on the income from the fixed assets was enforced with the introduction of the lump sum and the savings lump sum. Purchases that you use almost exclusively for professional purposes can be deducted directly from your taxable profits up to an amount of USD 410 excluding VAT – up to a total of USD 487.90.

For notifications from 2017, you can wait until requested by the tax office. If your actual earnings-related expenses of the GWG exceed the savings allowance of USD 801 for individuals or USD 1,602 for married persons, you can enter the income-related expenses in a separate list. Unlike self-employed or business owners, it does not matter when you have purchased the corresponding low-value assets.

The amount can be used independently

The amount can be used independently

An investment which can be used independently up to an amount of USD 800 net or USD 952 net (for acquisitions until the end of 2017 the net value of USD 410) can be written off immediately, ie in the year of production or acquisition. It is possible to create a collective item for several independently used assets and to write them off together over five years (so-called pool write-off).

This is possible if the goods cost between 250 USD and 1000 USD (“net”) (until 2017: 150 to 1000 USD). If the real estate value exceeds the limit of 250 USD net (until 2017: GWG over 150 USD), you must enter it for documentation purposes in a register, which can check the tax office.

The pool depreciation is structured in this way: They combine all GRPs with a net value between 250 USD and 1000 USD. The pool depreciation allows a higher value investment to be sold out more quickly. However, he must decide in the USD Annex whether he abuses all profit or loss immediately or consistently. You, as a self-employed person or a merchant, must immediately abort assets with maximum acquisition or production costs of USD 150 if you purchased them between January 1, 2008 and IJ 2009.

For goods with a net value between USD 150.01 and USD 1000, you can create a collective item that you settle over five years. If an asset is removed from the collection item during this period, it must not be reduced. If the cost of an asset acquired before the reporting date of the 2007 annual financial statements does not exceed $ 410 net, you may derecognize it in full in the year of its origination or acquisition.

5 Questions You Should Ask Yourself Before Credit

Loans are a method we use to meet our cash needs. It is divided into types such as housing, vehicle, commercial and need. The type with the highest sunken rate is the consumer loan.

In almost every case, there are many reasons for getting a loan. There are some points that you should pay attention to when applying for general purpose loans in order to avoid any problems in payments. Here are 5 questions and answers to yourself before the loan:

Which Credit Type Should I Apply

Which Credit Type Should I Apply

First of all, we need to choose which type of loan is suitable for us. Banks apply various analysis to the people who request credit and try to offer them the most appropriate maturity options for their income profile. However, the unrecorded incomes in our country are very high and the bank systems cannot analyze the income situation of the people who request credit; It may cause various problems in returning to consumer loans.

For this reason, banks often do not analyze the situation of the people who request credit, and the people who request it do not know how to adjust their payment order. Especially in general purpose loans, unlike other types of loans, collateral cannot be shown mostly; the wreck rate is high.

How Much Credit Can I Pay Monthly?

How Much Credit Can I Pay Monthly?

You should determine how much credit installments you have the ability to pay monthly before applying for a loan. In our country, most banks, with the exception of exceptions; requests that your total monthly loan payment not exceed fifty percent of your income. The rate, accepted by major financial companies worldwide, is at the level of forty percent of your monthly income.

The reason for this rate is the fact that you can meet your basic needs with your income other than credit payments. In our country, this rate has been expanded by some banks due to the high level of informal income. For this reason, experts; Even if banks have given loans with high monthly payments, they recommend that individuals pay monthly up to 40 percent of their regular income. For example,

Every individual who applies and receives a loan wants to finish the loan as soon as possible. However, the point that most people skipped; This is to decrease the budget allocated to our basic needs and social needs as the amount of loan to be paid monthly increases. You may not feel this decrease with the correct maturity method.

After calculating how much budget you can allocate monthly to your basic and social needs; Taking the remaining amount into consideration, determining the maturity of the cat is one of the most correct steps to take. If you think that you will have difficulty in your monthly loan payments; you must extend the maturity. However, you should not overlook that the longest term to be withdrawn for general purpose loans is 36 months.

What Is The Highest Loan Amount I Can Withdraw?

What Is The Highest Loan Amount I Can Withdraw?

The monthly loan amount you calculate multiplied by your maturity; When you add the estimated total interest you will pay, you can find the maximum amount of credit you can withdraw. But it is wrong to say that I can pay and get more credit than you need. Monthly and total payments of each additional amount you receive from the bank also brings with it the additional burden.

On the other hand, if you take less credit than you need; In the future, it causes you to take a second loan as the first loan is not enough. This can cause you to pay both loans at the same time and put you in a difficult situation. The best option is to determine the amount you need clearly and to request credit for the amount you need.

What are the Costs That Can Be Included During the Credit Process?

What are the Costs That Can Be Included During the Credit Process?

Calculation of all costs that you may encounter during the loan process; it is the most difficult one among the calculations we mentioned. To calculate the costs more comfortably; You can divide it into two groups as you can guess and you cannot guess.

The costs you cannot estimate cannot naturally be calculated, but on average you should allocate an additional budget. The expenses that can be estimated and you have to allocate a budget regularly should be included in the expenses for loan purchase. Monthly loan payments should be calculated accordingly.

Credit after consumer bankruptcy – is it possible?

Is it possible to take loan after bankruptcy?

Is it possible to take loan after bankruptcy?

The number of Poles who declare consumer bankruptcy increases every year, and there are many indications that the law will be even milder for debtors. We check why this is happening and whether it is possible to take a loan after bankruptcy.

The growing number of consumer bankruptcies in Poland is the result of the liberalization of the Bankruptcy and Rehabilitation Act of 2014. Meanwhile, the Ministry of Justice announces that the law will be even more lenient for private individuals who are unable to pay their debts, which worries specialists from the financial industry. Analysts are afraid that Poles will loosen their financial discipline even more.

Meanwhile, sound financial management is already difficult for many of us. In a study conducted for the purposes of the Irresponsible Project, 35% of respondents said that they had a problem with settling the debt or that they were in arrears with repayment of some financial liability. A similar percentage of respondents replied that they had happened in debt, not sure if they would have the means to repay this amount. A quarter admitted taking loans for things they didn’t really need.

Consumer bankruptcy – what is that?

Consumer bankruptcy - what is that?

Consumer bankruptcy is a court procedure for natural persons who do not run a business (consumers) who have become insolvent. Insolvency is a condition in which the debtor is unable to perform his due monetary obligations ( Article 11 (1) of the Bankruptcy and Rehabilitation Act ) – for example, there is no money for the simultaneous purchase of daily use and repayment of the loan.

Consumer bankruptcy has two main functions:

  • debt relief for an insolvent consumer – cancellation of all or part of the consumer’s debts in relation to his creditors, which the consumer is neither able to pay;
  • recovery (recovery) of receivables from the insolvent consumer by his creditors.

Filing of a consumer bankruptcy petition

Filing of a consumer bankruptcy petition

Currently, at the stage of filing for bankruptcy, you must prove to the court that we are unable to pay the debts due to random reasons. Loss of ability to pay financial obligations must also be permanent, but it cannot be the result of intentional act or gross negligence. The court will dismiss the petition for consumer bankruptcy if the debtor has led to his insolvency as a result of intentional action.

It is worth mentioning that after the court’s decision, the debtor’s property (mainly houses, flats, recreational plots or cars) is auctioned off, and the funds obtained are used for the proportional repayment of claims. If the sums obtained from the sale of the debtor’s assets are not sufficient to satisfy all creditors in 100%, the court will additionally establish a repayment plan.

The Ministry of Justice is working on amendments to the act that are supposed to mitigate applicable law. The project creators want the court to investigate only intent and gross negligence when declaring consumer bankruptcy. The circumstances of the emergence of insolvency will be relevant only at the stage of determining the repayment plan of creditors, which means that they will no longer be the basis for rejecting the application for consumer bankruptcy.

 

Advantages and disadvantages of consumer bankruptcy
Disadvantages Advantages
Loss of assets – probably all. Certainty of total indebtedness – cancellation of unpaid liabilities occurs after the court decides a favorable decision and liquidates the debtor’s assets.
With the declaration of bankruptcy, all consumer property becomes a “bankruptcy estate”, managed by a trustee appointed by the court – this means that the consumer cannot freely dispose of his property (e.g. sell a car). Consumer bankruptcy suspends pending enforcement proceedings as well as pending court proceedings.
Part of the debtor’s income will be included in the bankruptcy estate and will be transferred to creditors. The debtor does not have to be afraid of debt collection companies.
The procedure of consumer bankruptcy is extremely complex and time-consuming – the court scans all the debtor’s finances. Mental relief – many people suffer badly from debt, which worsens their health.

 

Credit after consumer bankruptcy

Credit after consumer bankruptcy

No current regulations provide grounds for not granting credit to a person with consumer bankruptcy. However, it should be remembered that after the court declares consumer bankruptcy, we cannot freely manage our own assets. This means that we cannot take equipment on installment or loan without court permission.

Moreover, the practice of banks indicates that it is very difficult to get a loan after the declaration of bankruptcy. – The consequences of a declaration of consumer bankruptcy do not end with the repayment of all creditors. When applying for a loan, e.g. for an apartment, banks use data from the Credit Information Bureau (BIK). After the declaration of consumer bankruptcy, this fact is recorded in BIK and the credit history will appear in the databases for the next 10 years, which in most cases will mean a refusal to grant a loan.

How to avoid consumer bankruptcy?

How to avoid consumer bankruptcy?

We advise you above all prudently to make decisions about incurring liabilities. This may be obvious, but sensible management of your own money will help you avoid bankruptcy. Sometimes it is enough to think twice whether we need more installments to save ourselves and our family from stress and the need to declare bankruptcy.

28,000 Dollar credit for self-employed – from 243 Dollar installment

A 28,000 USD loan for the self-employed is a common loan amount that is requested again and again. Many banks have meanwhile adapted to the wishes of the self-employed and present themselves cooperatively.

Despite all of this, it is not a matter of course that a loan for self-employed is granted 28,000 USD. Prospective customers should therefore have a good credit rating.

The credit rating – tip the scales

The credit rating - tip the scales

Every loan requires a good credit rating from the borrower. This is no different with a 28,000 USD loan for the self-employed. Because only a good credit rating ensures that the loan for self-employed 28,000 USD can also be repaid.

For self-employed and freelancers, however, it is not enough if they have a positive Credit bureau. They must be able to prove their income and expenditure exactly. This information is used to calculate how high the risk of default around the 28,000 USD loan for the self-employed is and whether it can be granted.

Income and expenditure must be proven with the help of income tax certificates and balance sheets. If you are not very familiar with this, you should ask your tax advisor for help.

The latter can compile the relevant documents so that the taking out of the loan for self-employed persons can be carried out smoothly.

Compare offers exactly

Compare offers exactly

For example, the Bank of Scotland already offers a self-employed loan of 28,000 USD with an effective interest rate of 1.95 percent. With a term of 84 months (7 years), the monthly rate would be USD 356.66. The borrower benefits from a well-designed loan offer that does not include any processing fees. Furthermore, special repayments are possible at any time free of charge. And early repayment of the loan can also be made at any time free of charge.

More offers

More offers

Agree Bank has another interesting offer. It has an effective interest rate of 2.20 percent. The monthly rate is USD 359.69 for a term of 84 months.

The offer of the Targo Bank is just as good. The effective interest rate here is 2.45 percent, the monthly rate is 362.73 USD. If you compare this offer with Postbank’s offer, there are only a few changes. Postbank works with an effective interest rate of 2.47 percent, which would mean a monthly rate of USD 362.98 over a term of 84 months.

28,000 USD loan for self-employed – tip

28,000 USD loan for self-employed - tip

When comparing, you should not only pay attention to the effective interest rate. The product details can also be very important for a loan for self-employed 28,000 USD. So it has to be seen how long the independence must exist and which documents have to be submitted.

This can vary from offer to offer. But under the menu item “Product details” such acceptance guidelines and evidence can be read and compared exactly.

Loan for your car

How it works Loan for car

How it works Loan for car

In order to benefit from the service provided by Fast car loan, it is sufficient to meet the following requirements:

  • That the vehicle is registered in Spain,
  • That the person requesting the loan is the owner of the vehicle,
  • Have up-to-date payment of road taxes,
  • That the vehicle documentation is in order.

Giving all the possible facilities to the user, and making the process as agile as possible are some of the advantages that those responsible for Fast car loan try to reach the public.

With Loan portals everything can be solved in just 24 hours. That is the period that passes, in many cases, from the time you first contact the company until the loan money is available.

It is enough to communicate with one of the company’s advisers through its website and request the processing of the commitment of our vehicle. The final result of this management will be the concert of an appointment to take the vehicle to one of its facilities where an expert appraiser will carry out an in-depth study of it. An appraisal that is also carried out without commitments and that does not carry any obligation.

Once the appraisal has been carried out, the client receives an offer, with which he may or may not agree, but which in any case will never exceed 80% of the market value of the vehicle. This value is calculated based on various factors, such as the vehicle model, year of manufacture, condition, or sale price of similar vehicles.

Two options for pawning the vehicle

Two options for pawning the vehicle

This appraisal marks a reference by which the rest of the process is guided. And it is that from this moment, the loan offer will be specified in a greater or lesser amount depending on the decision that its owner makes regarding the use of it. If your intention is to continue using your car, the amount that is made available to you will be less, and if you decide to leave it on deposit, you can obtain a greater amount.

Specifically, the maximum limits set according to each of the two options are:

  • Vehicle in deposit: the maximum quantity offered can reach 80% of the appraised value of the vehicle
  • Use of the vehicle: the maximum amount offered can reach 60% of the appraised value of the vehicle

After making their claims clear, if the client decides to accept the offer received, they must immediately sign the loan contract and receive the money practically instantly, or in any case, within a maximum period of 24 hours, being able to choose between various means payment as cash, transfer or bank stub.

Cool features

Cool features

First of all, it is worth noting the possibility of continuing to drive the vehicle, an advantage that is no longer unique, but which is always worth taking into account, especially by people whose car is an essential part of everyday life, and who does not they could opt for this formula if this option does not exist.

On the other hand, the granting of the loan is not conditioned by the income level of the client, his credit history or his possible inclusion in some delinquency file such as Financial Credit Institution. All clients who meet the basic requirements mentioned above will enjoy the same conditions when requesting the processing of their loan. This, in practice, means that the obstacles to obtaining a significant amount of money are minimal, with all the positive that this implies.

It is important to note that Fast car loan places great emphasis on ensuring that their appraisals are always made on the rise, offering the client the highest amount in the entire market.

Finally, that the granting of money is not committed to being used for any specific purpose is another point in favor. The client will be able to avail the loan for whatever they want without having to enter justifications or present supporting documentation to receive it.

If you need money quickly Fast car loant is a good option. In addition, the agility of the process, that the quantity received can be significant, – both for the value of the car and for the appraisal, the flexibility of conditions and the few obstacles to obtaining it, constitute a package of advantages to be taken into account..

The only condition is that all the procedures related to the appraisal of the vehicle and the signing of the contract must be carried out on site at one of its offices, which can be a problem for those possible clients who do not reside near its facilities, which are currently They are located in Madrid, Barcelona and Valencia.

Mortgage loan in USD and in foreign currencies.

Mortgages are usually granted for several dozen years. The shorter loan period means faster payback, but also higher monthly installments. Then the cost of granting the loan is lower. The longer the loan period, the greater the amount we can receive from the bank.

In addition, our creditworthiness increases with the loan duration. So in order to receive a shorter loan period, we must have high creditworthiness, but then our chances of getting another loan decrease. So this is a good solution for those who care about quick repayment and lower global costs.

Mortgage loan in USD and in foreign currencies

bank

However, the extension of the loan period results in a large increase in loan costs. Interest increases, which makes the installment lower, but the global cost of a longer loan is much higher. It is also less stable over time. Interest consists of two parts – one of them is the bank’s margin, i.e. its profit.

The second is the WIBOR indicator, which varies over the time the loan is repaid, showing at what price the bank borrows money on the market. Basically, the lower the interest rate, the lower the cost of credit, but not necessarily – the information about APRC, i.e. the real annual interest rate – the amount of margin, interest and other loan fees per annum is important. It will be higher if the loan period is longer. We must also remember to pay tax or the costs of notary services.

The most reasonable way is to take a loan in the currency in which you earn – from the point of view of exchange rate fluctuations, it is the safest solution. This is also the most popular option because it is available to virtually everyone who meets the criteria of maximum age and creditworthiness. Banks providing credit for 25, 30 or 35 years reserve the upper age limit of the borrower, which is usually 70, 75 or 80 years.

A loan in a foreign currency may be beneficial, however, do not decide on it if you do not have sufficient knowledge about the exchange rate and do not have a trusted financial adviser.

Mortgage loan under the “Flat for young people” program

Mortgage loan under the "Flat for young people" program

The MDM program makes it possible to obtain additional payments to the own contribution from the state treasury. Initially, the program concerned people under the age of 35, but now it is also possible to use it for people over this age limit, provided that additional criteria are met.

The program is the most advantageous solution, but we must remember about many restrictions – age, regarding the number of children, the financing period and the cost of a square meter of an apartment.

For an additional charge, we can count up to 50 m² (65 m² for families with three children). The maximum price per square meter depends on the location.

In Warsaw, it is USD 6,363.30, in Kraków – USD 5,239.30, in PoznaƄ – USD 5,814.60. The co-financing rate is the basis for determining the co-financing of own contribution and also differs in given periods and locations. In the first quarter of 2016, it amounted to USD 5,775.73 for Warsaw and USD 4,763 in Krakow.

We can get a surcharge if we have a 15% own contribution

We can get a surcharge if we have a 15% own contribution

It amounts to 10% for single marriages or single people up to 35 years of age, 15% for people bringing up at least one child, 20% for people with two children and 30% with three children.

If another child appears within 5 years – we will get an additional 5%. People with at least three children can apply for a grant after the age of 35.