Category: Loans

Sixty-five years was the normal retirement age in Germany before it was raised to sixty-seven. The beginning of retirement at 65 is still possible for severely disabled people after a long-term insurance, as well as with the acceptance of pension discounts for everyone. Bank loans for pensioners Many financial institutions approve a loan application for a pensioner aged 65 and over if the applicant chooses a term of up to five years. For longer loan terms, credit institutions often require credit default insurance when taking out a loan from the age of 65, since the risk of death before the loan is fully repaid increases significantly when the person reaches the age of 70. An heir can be given a guarantee for pensioners aged 65 and over as an alternative to the installment protection insurance. Courts generally recognize a guarantee secured by the inheritance, even if the guarantee provider has…

 A loan to modernize is particularly advantageous when the renovation or remodeling is very expensive. At some point, the paint on your own four walls is gone and new radiators or insulation material can consume a lot of money. So that these measures do not have to wait for years, there is the loan to modernize. Energy efficiency and electricity savings are particularly important these days. When does the loan make sense? A loan to modernize only makes sense if the costs go over 50,000 USD. The loan is primarily intended for renovation, where construction work is the main concern. Painting work, for example, is not paid for with the loan. A loan to modernize only makes sense if a new heating system is to be installed. In all other cases, a normal installment loan can also be taken out. It is characterized primarily by the duration of the term…

Serious loans despite bad Credit bureau Taking serious loans despite bad Credit bureau is quite possible, even if the creditworthiness is of course limited by the bad Credit bureau. Nevertheless, micro and small loans in particular are generally not a problem, even if the Credit bureau is no longer immaculate. This is made possible above all by Cream bank, since they usually do without a Credit bureau check and consequently, candidates with a bad Credit bureau can also apply for a loan. Reputable loans despite poor Credit bureau can be found through renowned loan calculators and loan comparators. Here, potential borrowers benefit not only from the large number of listed banks, but also from the possible low overall costs for a loan. On the basis of the term, the loan amount and the desired preferences (for example, a Credit bureau-free loan), the candidate can select a bank for the loan that meets…

Many prospective creditors wonder whether an online instant loan is even possible despite a Private credit checker entry. As a rule, Private credit checker information about the applicant is always obtained when applying for a loan. Based on this information, the banks would like to assess whether the applicant is a borrower or not. For example, the Private credit checker information provides information as to whether the borrower is already servicing a loan from another bank and whether claims have not yet been settled. For example, an open cell phone bill can already be decisive for rejecting the loan application. If you want to take out a loan despite a Private credit checker entry, you will usually not find it at Cream bank. If you want to be successful in borrowing, you have to choose a bank that does not necessarily obtain Private credit checker information or does not judge…

When people talk about debt restructuring, old liabilities are replaced with a new loan. A debt rescheduling always makes sense if interest can be saved. A loan with high interest rates may have been taken out in the past. Now a new loan has been found that has significantly lower interest rates. Thus, the old loan can be replaced with the new loan and the borrower saves money with a loan to replace. Don’t carelessly sign every contract It is not always advantageous to pay off a loan. In addition, the applicant for a loan to be redeemed must meet some requirements. Not every loan agreement has the agreement that the loan can be redeemed early. The borrower must find out about this in advance. A law in Germany makes it easier to repay a loan early, but in such cases the bank can request compensation. This can be high,…

If several loans have been taken out, it is advantageous if these loans are combined to reduce costs. In this case, it is called debt restructuring. The liabilities are repaid with a new loan and the borrower only has to repay one loan. The loan credit for debt restructuring works even if there is only one loan. Credit costs can vary widely and those who find a cheaper offer are happy to take advantage of a debt rescheduling. The legacy loan was often taken out at a time when interest rates were far too high. If, for example, car financing is used, it cannot be postponed because interest rates are too high. The car is needed for the way to work and so it can not be considered long. Where can a loan be taken out for debt rescheduling? The borrower is not forced to take out the new loan…