Monthly Archives: February 2020

The best credit redemption company

You have too many credits and your current debt ratio is too high? Our rigor and our experience allow us to offer you the purchase of credit for owner or tenant that suits you best. Do not wait, a credit redemption or credit consolidation can allow you
to balance your budget again.

The benefits of New Loan, Credit Redemption Company

The benefits of New Loan, Credit Redemption Company

In our credit redemption organization, we treat each loan consolidation application with great care and kindness. Only one counselor will take care of your case from beginning to end. We analyze in detail your situation and your wishes in order to offer you the best possible credit redemption.
We interview all banks specialized in loan repurchase. Then we offer you the most interesting credit redemption simulation for you, in your interest.

What are the fees during a redemption?

When calculating the repurchase of credit, we will add the outstanding amounts (capital remaining due) of all your consumer credits, personal loans, revolving credits, car loans, online credits and other credits. cons. At this total amount, we will add cash according to your wishes and credit redemption fees.
These fees are broken down into the bank’s file fees (impossible to negotiate) and brokerage fees (also known as a capital search warrant). These are negotiable. Loan is not greedy in brokerage fees, we apply even the lowest fees of the market, between 3% and 5% of the amount of your credit redemption (some companies of repurchase of credit apply 8%!).

Make a credit redemption comparison

Make a credit redemption comparison

That’s why when redeeming credit online, apart from the new monthly payment that you will get after funding, it is important to know all the fees that will be applied.

Sometimes, a long duration for your loan buyback is necessary to meet the criteria of remaining to live or debt ratio, but be aware that you have the possibility to proceed with a partial early repayment (with a minimum of 10% of amount borrowed) without any penalty if you repay less than USD 10,000 over a period of 12 months. Beyond USD 10,000 of early redemption, the penalty will be 1%. For real estate loan consolidation (with more than 60% mortgages), the prepayment penalty will be 3%.

What is the difference between a condition request and a loan request?

If you want to buy a car, you can either pay for it with your savings or you can finance the car. A bank offers valuable support. You usually need to be creditworthy to benefit from it. The bank has two options for checking your creditworthiness. So what’s the difference between a condition request and a loan request?


What are the differences between the condition request and the loan request?

loan request?

A difference between the condition request and the credit request is derived from the definitions of the two options:

  • When requesting a condition, the credit rating is queried by the credit institution in order to be able to determine the conditions for a possible loan. The relevant data is requested from an information center that works with the bank (this can be information from credit score , for example).
  • In the case of a condition request, however, the creditworthiness of the borrower is not debited. The request does not affect your credit score score and is not passed on to third parties. The difference between the condition request and the credit request is therefore that a condition request is neutral and has no negative effects for you.

The data in the information file will remain stored for one year. Here too, data is collected to ensure your creditworthiness.

To talk about a loan, you must bring the following documents with you:

  • identity card
  • bank statements
  • payslips
  • Evidence of income from secondary employment

When making a loan request, however, the data can be viewed by third parties over a period of ten days. Since other banks can more easily recognize that several inquiries have been made, the score for the information file deteriorates. This leads to a poor credit rating and reduces your chances of getting a loan. In contrast to the condition request, the loan request has a clear disadvantage for the borrower.


How can I make a loan request that does not affect creditworthiness?

loan request that does not affect creditworthiness?

It is not possible to make a credit request that does not affect the credit score entry. This is the main difference between a condition request and a loan request.

So that a credit request does not affect your credit rating, you should consider one step in advance:

If you ask for a loan from several banks, you may have a higher credit rating. Many banks have different criteria for rating a customer’s credit rating. Before visiting the banks, you can get information from credit score yourself and check it for possible errors.


When is a condition request and when does a credit request make sense?

credit request make sense?

The difference between the condition request and the credit request raises the question of when a condition request is more appropriate and when it makes sense to have a loan request made. In order to protect his own creditworthiness, it is more advantageous that the credit rating is not affected by the request. Since a credit request without an impact on the credit score score is impossible, it is always more sensible in this case to have a condition request. However, if the creditworthiness is assured because you have no credit score entries, a loan request can have a sensible side. After the request, the bank knows that you are a creditworthy customer.She will be happy to work with you and approve the loan if the necessary collateral is available and can be paid.


You should basically differentiate between condition requests and loan requests!

credit loan

The bank has two options for checking a customer’s creditworthiness. The condition request is intended to determine which conditions can be granted to the borrower in order to obtain a loan. The loan request is more comprehensive. Here you have to present some documents to the bank. In addition to the identity card, this also includes account statements, a copy of the employment contract and payslips. The main difference between a condition request and a credit request is that your data is not saved when you request a condition. When a credit request is made, the data is also made available to third parties when it is saved. You should point out in the consultation that the credit advisor should make a condition request. This adversely affects your credit rating and, in the worst case, prevents you from not getting the much-needed credit.

Home loan: a facade rise.

The report of the CSA / Astro Finance observatory for October 2015 reports an increase of 3 basis points in the average mortgage loan rate. But as this same report explains, this is only an illusion because this mathematical result represents the influx of first-time buyers on the housing market. Good Finance announced in a previous press release that many banks have already lowered their own rates over periods of more than 20 years.

They thus wish to address young households, because the under 35s earning less than 3 times the minimum wage are the most numerous on the housing credit market.

Home mortgage rates remain stable in the old

Home mortgage rates remain stable in the old

Banks do not book the same rates, depending on whether it is new or old property. In the first case it will be necessary to carry over a monthly payment until the delivery of the keys. This postponement leads to an increase in the cost, borrowing for the old therefore generally costs less than for the new.

The October 2015 version of the CSA / Astro Finance observatory notes that the average property rate remains stable at 2.24% for home ownership in the former. On the other hand, it goes back to 2.31% for new home buyers, and more generally to 2.22%.

It is therefore clearly a phase of stabilization of housing loan rates, which may even lead in the short or medium term to a further fall in rates. The report notes that banks broke away from 10-year French bond movements during the Greek crisis. While in July and August government bonds increased by 76 basis points, mortgage rates only gained 17 points.

These young middle-income borrowers

These young middle-income borrowers

The banks have already started working to reach their 2016 targets. It must be said that there is time between applying for a mortgage and actually paying the borrowed funds. Thus households starting their approach today will be granted their funding in 2016. The banking brands are therefore taking action now, and all target the largest clientele.

In new real estate, households under 35 represent 47.20% of first-time buyers. However, they were more numerous in 2009, when they represented 52.7% of new owners. Besides, at that time they were 43.9% earning less than 3 times the SMIC, today their proportion has dropped to 37%.

It must be said that house prices do not help them. With a budget sometimes 30% larger, many of them find it difficult to keep up with the presence of the PTZ +. The year 2016 could also be a better year for promoters, because the president Mr. Fillar announced the widening of the loan at zero rate.

In old real estate, these young households are also the most numerous. Those under 35 represent 43.3% of first-time buyers, which is still much less than the 62.3% they were in 2009. And these are again the less than 3 SMICs who represent the largest borrower pool. In 2015, they are currently 37.7% of buyers, just ahead of senior management households earning 5 times the minimum wage and more, which account for 25.5% of purchases of old real estate for residential purposes.

The CSA / Astro Finance report also highlights the return of its first time buyers to the market. Because if the average borrowing rate is rising, it is not due to the tightening of lender conditions, but to the influx of these young households into bank branches.

They borrow for long periods

They borrow for long periods

If the banks are particularly looking for the clientele of young first-time buyers, it is in order to establish a long-term relationship. With real estate rates historically at their lowest for several decades, they run almost no risk that these new customers will seek a cheaper credit repurchase elsewhere later.

They are therefore ready to make efforts, in particular by asking them for less personal input. In the former, the required starting capital decreased by -6.7% over the first 10 months of 2015, compared to the same period last year. Recall that it had already decreased by -3.9% in 2014. In new real estate the effort is even greater, the personal contribution required by the banks fell by -9.2% since the start of the year, after a decrease of -7.5% in 2014.

But to be able to offer a repayment plan to match the borrowing capacity of this young clientele, it is necessary to arrange attractive rates over the long term.

Thus, borrowers under 35 years are 36.9% to choose loan contracts over 20 to 25 years. Behind come repayments of 25 to 30 years for 26.8% of borrowers, while almost tied come the durations of 15 to 20 years with 26.4% of the market.

By comparison, among 55 to 65 year olds, who are traditionally the second-time buyers, 42.8% of borrowers choose credit contracts over 10 years to 15 years. Those under 35 are only 7.5% taking this option.

Average real estate rates of 1.80% to 3.17%

Average real estate rates of 1.80% to 3.17%

Floating rate mortgage loans, stars of 2004 when they represented 22.1% of the market, are now only used by 0.6% of borrowers. Because they are no longer necessarily interesting. Over 25 years, the worst profiles will get an average of 2.68% in variable, while over the same period we will get 2.64% in fixed.

Despite the rise in real estate rates observed since June, borrowing to buy your main home or to invest in rental property remains as inexpensive as it has never been in decades. According to the CSA / Astro Finance observatory, the average of the best borrower profiles over 20 years stood at 2.01% in the 3rd quarter. This therefore includes the inflationary movements of this summer, but at the moment we continue to borrow at less than 2% in certain cities of France.

As for the worst profiles, they were content with 2.79% on average, still over 20 years. But rest assured, the average borrower in the 3rd quarter of 2015 was able to finance his real estate project at 2.36% on 240 monthly payments.

If he had chosen the variable rate, he could have obtained 2%, but he did not do so because he prefers the security of fixed maturities, at the risk of rising rates.

And yet this risk is further and further removed after the promise of the Director of the Cream bank, Mr. Dough, to make more efforts if necessary. The reactions on the markets were not long in coming, and today banks can finance themselves even cheaper than 2 weeks ago.

Good news for all these young households wishing to become owners, now the door of the banks is wide open to them.

Credit without proof of work.

The classic proof of work consists of a certificate from the employer that the applicant has a permanent job without notice. Since employees do not like to inform their boss about a planned borrowing, financial institutions recognize the employment contract or the pay slip as proof of work. Self-employed persons can provide a copy of the trade certificate as proof of work, the last tax assessment is available to freelancers.

Classic lending without proof of work

Classic lending without proof of work

The credit without proof of work is not a completely new loan offer, but is common in some cases. Mail order companies regularly grant installment payments as a loan option without submitting proof of work if the order amount is not unusually high. Some shipping companies require a down payment from first-time buyers, the performance of which they consider as proof of the good creditworthiness of the buyer. A comparable procedure is possible for car loans, so that the buyer receives the earmarked loan without proof of work if he pays a large part of the vehicle price as a down payment. A loan granted to a pensioner is in fact also a loan without proof of work, since it draws the pension instead of working income.

When applying for a credit card, not all issuers require proof of work or earnings. Rather, it is widespread to first grant a limited amount of credit for a newly issued card and only to request an income receipt if the cardholder requests an increase. Dedicated promotional loans such as student loans are paid out by Intrasavings Bank without proof of work, since the current income but the earnings that can be earned after completing your studies serve as loan security.

Take consumer credit for free disposal without proof of work

Take consumer credit for free disposal without proof of work

A large consumer bank offers new customers a low-level credit line without an income check and without submitting proof of employment. Other ways to get a loan without proof of work are instant loans. These are issued by some financial institutions without proof of income and without proof of work, since the promised loan payment within two bank working days does not enable the submitted documents to be carefully checked anyway.

For the borrower, a realistic calculation of the income to be achieved and thus of the possible credit installments must be carried out, especially for a loan without proof of work and without proof of income. Of course, borrowers must honestly answer questions asked about the job and income in the loan application, even if the financial institution does not provide the relevant evidence.

Credit card billing: regular checks are therefore mandatory!

When you fly on vacation at the latest, a credit card is a very popular and simple means of payment. With the plastic card, services or goods can be conveniently paid for without the use of cash. This saves you a lot of money, especially abroad when withdrawing cash. You can also use the card to withdraw money from ATMs. Consumers can choose from different credit cards with different conditions. Interested parties should pay particular attention to the details in the offer when entering into a contract so that there are no surprises when it comes to credit card billing.


What types of credit card statements are there?

What types of credit card statements are there?

The credit card statement can be compared to an account statement. This shows all sales generated when using the means of payment. It depends on the billing type, over what period and under what conditions the credit card billing takes place.


Overview of credit card billing types:

Overview of credit card billing types:

In general, a rough distinction is made between four different accounting systems. Most credit institutions summarize the card types mainly in the categories charge, revolving, debit and prepaid cards.

  • charge card

The charge card is one of the most commonly used forms of credit card in Germany. The holder of the payment method receives a credit card statement once a month. This shows all transactions made with the card. The cardholder must pay the invoice amount on the due date. The charge card offers the advantage of an interest-free loan for a short-term period, usually until the end of the month. In most cases, credit card holders have to comply with the monthly limit. This increases the availability limit. Some banks often offer credit interest on the terms of this type of credit card settlement.

  • Revolving credit

The revolving card works similarly to the charge card. However, it is possible to pay off the total amount due in small installments. There are also differences in the amount of the installments. Some institutes determine the percentage of the turnover made. Others offer repayment using a fixed amount.

Cardholders must also pay the accrued interest in the event of a permanently negative balance. These are determined by the lender. As a rule, it can be expected that the interest rate will be high compared to many other loan offers. In addition, a credit check is usually carried out internally when using a longer-term loan. The advantage of this type of credit card settlement lies in the possibility of being able to completely balance the account at any time without additional costs.

  • Debit and prepaid card

In addition to the credit cards already mentioned, there is also the option of using a depit or prepaid card. The debit card as a credit card works similarly to an EC card. It is often issued as a bank card. However, it can also be found under the credit card billing types. The advantage is that it can be used for ATM withdrawals. However, an interest-free loan for a certain period of time cannot be achieved.

The prepaid credit card, on the other hand, works on a credit basis. This card also eliminates the possibility of an interest-free loan. However, customers benefit from global acceptance and the opportunity to make online purchases at home and outside of Europe at will.


Credit card billing: advantages and disadvantages at a glance

Credit card billing: advantages and disadvantages at a glance

All types of billing have advantages and disadvantages, which are listed below:


  • worldwide acceptance
  • selectable in almost all online shops and payment options on the Internet
  • all debits and credits at a glance
  • Overview of foreign use
  • Exchange rates for foreign currency can be seen
  • Immediate blocking and replacement card possible in the event of theft (particularly advantageous for stays abroad)
  • secure means of payment – in the event of misuse by third parties, insurance can step in


  • high interest rates when using long-term loans
  • annual fee for some cards
  • Current account required as a billing account


Why should you check your credit card statement regularly?

Why should you check your credit card statement regularly?

Credit card fraud is not the norm. Nevertheless, it happens that criminals get important credit card data through dubious machinations. If you do not use your credit card so often, but only use the plastic card to pay for stays abroad or on vacation, you should still check your credit card statement every now and then. Because even when debiting small amounts that you cannot allocate, fraud may be involved. This could result in the debiting of higher sums. In the event of a verifiable incorrect booking, investigate the matter and report the matter to the police immediately. You will need the file number to present it to the bank. You will then normally be reimbursed for all amounts that are covered by the company’s insurance.


You should observe these rules when checking the credit card invoice:

You should observe these rules when checking the credit card invoice:

  • Go through your bank statements at regular intervals.
  • In the case of unknown debits, it is best to contact the bank immediately.
  • Have your credit card blocked in the event of unsolvable incorrect bookings.
  • Report it to the police.
  • Report to the financial institution and request a refund of the shortfall.