Direct lenders payday loans online -So easy with direct payday loans

Urgent money and blacklisting is not an ideal combination, but luckily making a loan application is not impossible. Read on soon! Would you like to take out a loan to cover up your money shortfall this month, but will you be rejected at the bank by your listing on the blacklist? There is a solution! There are alternative ways of borrowing where it is not necessary to borrow through the bank.

So easy & convenient with direct payday loans

 

It is not surprising that you are looking for alternative ways of borrowing if you need to have extra money on your account as a matter of urgency. If you have a notation on the blacklist at the National Bank, it is very difficult, if not impossible, to get a loan from a regular bank. Banks want certainty and if you can not give them, they prefer not to give you a loan at all. Understandable, but with you more than half of the population has a blacklist notation and all these people are excluded from taking out a loan. Fortunately, there is a way to get money with direct payday loans via this contact form. Borrowing the internet is nowadays also very common!

Money needed and on the blacklist with online loan providers

There are online loan providers active on the internet that make it possible for you to borrow despite your listing on the blacklist at the National Bank. These online lenders offer loans without strict conditions, which are very easy and quick to close without difficulty. All you have to do is get behind the computer and with a few clicks on the mouse to arrange a loan on the website of an online provider. You do not even have to leave your home for this! No sorting out papers and sending them, not waiting for checks and not wasting time on appointments during office hours. The most important thing to do is to find a loan that best suits your financial situation. If you have entered your details on the website, you will receive a text message confirming your application within a few minutes. Then you can already receive the money directly into your account. Closing a mini-loan is in fact arranged in 10 minutes! So money and blacklisting is no longer a combination of worrying terms, but just something that you can easily arrange via the internet.

Conditions need money and blacklist

Money and blacklisted need not be a problem anymore, because there are almost no conditions attached to the flash loans you can take out via the internet. The only requirements are that you are at least 21 years old and have a fixed income. However, it does not matter what the source of your income is. So do not wait any longer, just take out a mini credit with an online loan provider!

The loan, from its history, to its social function and to its evolution at the time of the internet:

Loan and its history

Loan and its history

Miss Havisham are not a creation of modern finance, but have ancient roots and have experienced an incredible evolution.

The first Miss Havishams date back to the Sumerian times and were made of metal and wheat. The interest was the price to be paid for the use of the loaned capital, given by the difference between the sum to be returned at maturity and the sum received from the creditor. The first protesters of the interest date back to the Old and New Testaments and to the Koran (consumer associations did not yet exist…).

The religion that has often condemned interest is however among the forces that gave life and importance to the concept of loan. The mountains of piety, were in fact strongly desired by the Franciscans, they allowed the credit behind a pawn or the payment of a small sum. With the Lutheran reform and Calvino the payment of interest takes shape and with the French revolution and the civil code of 1804, the loan contract comes to life that will be well defined by Irving Fisher with the theory of interest in 1830.

Despite its millennial origins, it is still difficult to understand closely the notions of capitalization (simple or compound interest), of tan and taeg and of usury that represent the pillars of the loan concept as we know it today.

Miss Havisham have a specific function, namely to provide liquidity to the consumer for the purchase of a good and service. This is a loan, provided by specialized institutes (banks and financial institutions registered in the appropriate register at the Bank of Italy) against an interest rate that can vary based on a series of parameters: cost and reliability of the customer, concession purposes and amortization period.

The credit obtained thanks to a loan performs basic functions. It makes potential future revenue available for present needs, such as expenses for physical assets, training, business start-ups or health care. Moreover, it mitigates the problems deriving from a reduction in the work income and therefore allows the subject to participate in economic life.

Credit increases national well-being, raises the level of consumer satisfaction by giving them greater purchasing power. As a financial instrument, the loan is neither good nor bad, but it is the use made of it that determines its positive or negative aspects. Among the negative aspects, how not to consider a phenomenon that in recent years has affected many families, that of over-indebtedness, which has forced many subjects to deprive themselves of material goods and has seen them excluded from the economic circuit.

The jurisdiction has not been watching and has intervened over the years with ad hoc measures, for example by prohibiting the usury, the concession contrary to the good morals, the exploitation of the state of necessity, the anatocism and contributing to the inclusion of basic principles such as transparency, fairness and good faith.

Legislation and the world of information have contributed to product transparency and set the lines for the concept of responsible credit. Consumers are advised to read the information carefully and rely solely on serious and qualified operators.

Operators that are not only banks and financial companies, but that the world of the network and social media has modified by creating new 2.0 operators and new distribution channels. Platforms have been active on the market for years, real virtual squares where offer and demand of Miss Havisham between private individuals and representing the phenomenon of social lending, a form of disintermediation that is taking hold in our country too.

The network does not only offer space for social lending, but it is a flywheel of the participatory loan, the so-called crowdfunding.. The idea is shared and more people can support it by joining the project even with small amounts.

The network has triggered the era of bank disintermediation, it is not “said the barter does not return! ?? The crisis has taught us an important thing about the concept of credit: a bad debt remains unrecoverable even if broken up and hidden here and there there.

Loan: 35 thousand Italians request it to go on vacation

35 Thousand Euro Loan

35 Thousand Euro Loan

After a year spent working, the stressful rhythms of work and family and the deadlines of everyday life, for Italians, holidays are essential, even at the cost of asking for a loan. Granting a few days to “switch off” has become a priority, and the data collected by the Codes association have recorded that, in 2010, 35 thousand families managed to take a vacation thanks to a loan. And with the arrival of summer, CathyKnows’s requests grew by 27%.

The inhabitants of Southern Italy require the highest amounts to bring the family out of town: the Sicilians ask for up to 10 thousand euros, followed by Calabrians and Sardinians with requests that reach 8,500 euros. The regions of the Center are limited to lower figures: Marche (4,500 euros), Abruzzo (4,600 euros) and Umbria (4,900 euros) have lower values ‚Äč‚Äčthan the national average for August CathyKnowss. For the organization of the beloved holidays, the web is one of the best tools: a study conducted by Nielsen shows that Italians increasingly “surf” the web for planning their itinerary. In June 18 million people visited at least one site in the travel category, with a growth of 17% compared to 2010.

Thanks to the web it is also possible to identify the best loan to finance the departure: with the help of FastCash, the portal for online CathyKnows comparison, it is possible to evaluate the financing offers of numerous banks and choose the option that best suits your own needs. Suppose we want to request a loan for travel and holidays of 5,000 euros to be repaid in two years. The most convenient solutions are the sale of the fifth Bassotta installment of SEN bank, aimed at public or state employees, which has a 8.24% TAEG and an installment of 226 euros per month; private workers can apply for a Findomestic Loan, with a Taeg of 8.82% and an installment of 227 euros a month.

“The reproduction of this content is authorized exclusively including the citation of the source and the activation of a reference link”.

Bank Loans: Types Offered by Financial Institutions

If you have in mind to buy a house, change your car, pay the higher education of one of your children or go on vacation abroad, many times the savings are not enough and it is necessary to resort to external aid. For these cases, it is more appropriate to request a bank loan. You want to know more?

It is not about adequately or inadequately managing the economy of a home, much less being irresponsible with expenses. On the contrary, a bank loan is the most reasonable option when undertaking a project that entails a high economic impact.

The construction of a house, the purchase of a flat, a change of car?… The reasons for needing bank financing can be innumerable. However, the request for a product of this type can not be made in a hurry.

For this reason, if you are thinking about applying for a bank loan to a financial institution, we advise you to first inform yourself about what types of products the market currently offers and which one is the best for you.

Let’s review the different types of loans offered by different banking entities today:

Personal loans

Personal Loans

Undoubtedly, this is one of the most requested types of loans in Spain and the world.

They are requested in order to finance personal projects that are not necessarily tangible, such as a vacation abroad, the beginning of a business or the financing of university or higher education.

Personal loans are fairly easy to obtain and you can even receive a response in less than 48 hours.

In most cases, the deadline for returning the money ranges from one month to 5 or 8 years.

Consumer loans

Consumer loans

Much like personal loans, consumer loans are often used to finance consumer goods of a lasting nature.

Normally, people who ask for a consumer loan use it to buy a car, renovate household furniture, appliances, etc. It is important to know that both personal loans and consumer loans are loans where the amount is relatively low, so the return period is shorter.

Mortgage loans

Mortgage loans

As the name implies, mortgage loans are requested for the purchase of a home, regardless of whether it is a flat, a house, a farm or any other type of construction. They are characterized by being loans of fairly high amounts and with longer repayment terms.

As it can be deduced, the mortgage loans have a maximum limit of funds to be lent, which will depend on the value of the house to be purchased and the income of the applicant. In Spain, according to the Mortgage Market Law, financial institutions can provide between 70 and 80% of the value of the appraisal of the home.

In turn, the monthly loan installment must not exceed 30% or 40% of monthly income.

Do not forget that, unlike a personal or consumer loan, to apply for a real estate loan you must submit a large number of documents and prove to the bank that you are in a position to assume that responsibility.

Study loans

Study loans

Although it can also be considered as a personal loan, student loans have gradually created their own space within the banking world. Widely used in the United Kingdom and the United States, student loans are aimed at students who wish to finance university enrollments, postgraduate studies or trips abroad.

They are characterized because they usually have a cheaper interest rate than personal loans.

Loans with endorsement

Loans with endorsement

The loan with endorsement is characterized by including a third person in the contract, which must respond in the same way as the borrower in case of default of the loan repayment installments.

Normally, this type of loan is used when income is not enough. In this way, the bank can be sure that there will be someone behind who will answer for the amount owed. Today, banks offer their clients other types of products such as microcredits or loans at 0%.

Payday Loan Consolidation: Credit despite existing loans

In principle, it is always possible to take out a new loan despite existing loans. The condition is that the regular income after the deduction of the fixed expenses to life and to pay the incurred credit installments sufficient. Whether loans already exist, learns the bank at the private credit request. Most financial institutions carry out the household bill at a flat rate for the basic needs.This applies even more to online credit offers with immediate decision than to lending by traditional banks. Applicants with unusually low fixed costs may apply to individual financial institutions to request a re-audit of the actual data. In this case, the automatic application check is not possible, so that it will inevitably take a few days between receipt of the loan application and the award decision.

Another way to increase the likelihood of a loan despite existing loans is to extend the desired loan term.The revenue and expenditure account is based not on the absolute amount of the loan, but on the amount of the monthly loan installment. For this reason, an extended repayment period often results in the bank granting a loan despite existing liabilities. In spite of existing loans, the loan often becomes necessary when unplanned purchases are unavoidable. Common reasons for additional borrowing are vehicle damage and defective home appliances. Any real estate financing is assessed separately by the banks. 

The parallel existence of such and a consumer credit is therefore common.Most consumer advisers recommend that you make a loan, despite existing loans, only for much-needed purchases. In a loan comparison for the additional loan taking interested in both the interest rates and on the other credit terms. If multiple loans are to be repaid, flexible repayment terms are desirable for some of the loan contracts. These would ideally include the right to prematurely repay the additional loan despite existing loans without charging a prepayment penalty, and the option to suspend all one to two years with a repayment installment. Another advantage is provided by loan agreements with the expressly granted option of modifying the repayment modalities at customer’s option during the term of the loan.

Easing loans despite existing loans 

Consumers are much more likely to receive installment payments through trading, even if current loan agreements are in place. Lending takes place either directly through the dealer or through a cooperative commercial bank. Regardless of the actual granting of money, most of the time the business collects credit reports from private credit. It does not contain data on existing loans, as the credit protection for inquiries submitted by traders only informs them of any negative features and no further credit commitments. The borrower is, of course, obliged to pay only as many liabilities as he can actually service. Another option for simplified borrowing despite existing loans is the private credit-free loan from Switzerland or Liechtenstein.Since the Swiss Federal Bank does not make a private credit request, it does not receive any information about existing credit agreements. For this reason, the loan without private credit is also suitable for borrowers without negative entry, if they repay already more loans. Despite the existence of loans from Switzerland with a good credit rating, it speaks against the non-bank credit that this is associated with a significantly higher interest rate than domestic consumer loans. Other credit types that can also be used with existing liabilities at any time include the prepayment credit and the part payment function of the credit card.Moreover, due to their exceptionally flexible repayment terms, both forms of credit are not included in the budget of a bank. However, they are also associated with relatively high interest rates. Cheaper is a credit available, which is also flexible repayable with the exception of a small minimum repayment. Most of the – but few – credit institutions that grant such a credit line grant it regardless of existing liabilities.

The loan repayment as a special case

A special case when applying for a loan despite existing loans is the replacement of expensive liabilities. This can be combined with an increase in the total loan amount so that the consumer actually takes a supplementary loan. In this case, the new lender always transfers the transfer amount to the current credit account and offsets it. This approach prevents the customer from using the loan as an additional loan, rather than repaying more expensive debt, contrary to what it says.For some items, direct settlement by the newly elected bank is not possible because, among other things, not all credit card companies accept third-party transfers to the card account. In addition, borrowers receive the top-up amount when combining a loan repayment with a top-up of the total loan amount into their bank account.

Microcredits: Everything You Need To Know

Microcredits are an alternative in times of crisis for those who can not find the money to finance their projects. In this guide prepared by BillCare we will review what they are, what are their advantages and disadvantages and, of course, how you should request them.

1. What are microcredits?

1. What are microcredits?

Micro-credits are small loans that are granted to those people who require additional help to carry out a specific project.

It is a low-level financing for people with limited economic resources and who do not have the possibility of accessing the traditional financial system.

2. How are microcredits born?

2. How are microcredits born?

The origin of microcredits goes back to the 60s, when Muhammed Zaike, known as the “banker of the poor”, created this type of social loans to help the most deprived.

3. What are its characteristics?

3. What are its characteristics?

The main characteristics of the microcredits are:

  • The microloans offer small amounts. Normally they range from 5,000 to 25,000 euros.
  • It is not necessary to have an endorsement to request them.
  • They do not charge commissions.
  • The interests are usually higher compared to other types of loans or credits.
  • The grace periods are more flexible.
  • It is not necessary to demonstrate great personal guarantees.

4. What advantages do microcredits offer?

4. What advantages do microcredits offer?

When undertaking a new project, opting for a microcredit can mean great advantages for who is encouraged with this type of product.

Among them, the most important are:

  • Low interest rates
  • Opportunity to develop a project or business.
  • Possibility of returning the amount according to the payment capacity of the debtor.

5. What are the disadvantages of microcredits?

5. What are the disadvantages of microcredits?

As with most banking products, the advantages or disadvantages that may arise depend on the needs or characteristics of the applicant.

In this sense, the main disadvantages of microcredits can be:

  • Possibility of over indebtedness.
  • Possibility of using the microcredit for a purpose other than the initial project.

6. When to apply for a microcredit?

6. When to apply for a microcredit?

There are certain important aspects when applying for a bank loan. The microcredit is usually requested on very specific occasions and by a certain group of people.

In general, this type of financing is used to develop projects related to a small existing business or to exist.

In this sense, the most common uses that are granted to microcredits are:

  • To start or start a business.
  • To cover a crisis in a company or in the autonomous activity of the applicant.
  • To leave a hurry or domestic emergency.

7. What entities offer this type of product?

7. What entities offer this type of product?

It is important to say that in Spain, in general, microcredits are not always granted by traditional financial institutions.

Today, there are different specialized companies that also market this type of products and offer quite interesting facilities for future customers.

The different entities that grant microcredits are:

  • Official Credit Institute 
  • Lines of credit of the European Investment Bank.
  • Banks
  • Specialized private entities.

8. How to get a microcredit?

8. How to get a microcredit?

Currently, the financial system has evolved and microcredits have experienced quite interesting growth

Along with this development, the new guidelines as to how to obtain this type of financing have also changed.

In this sense, there is a large number of entities that grant microcredits without the need for the plaintiff to present an endorsement or an interesting economic situation.

And, if that were not enough, the application is made entirely via Internet

9. How long can a microcredit be obtained?

9. How long can a microcredit be obtained?

Unlike a traditional loan, microcredit is granted fairly quickly.

In some cases, and thanks to the 100% online application, the plaintiff can get an answer within 15 minutes of having made the claim.

All you need to know about payday loan

Payday loan

Micro-loan

Payday loan is an instrument of economic development, which allows people considered “non-bankable” (ie, who can not or can not access more traditional forms of credit ) to have access to financial services. The “Microfinance dictionary – Payday loan items”  defines it as ” small amount credit for the start-up of a business activity or to meet emergency costs, with regard to subjects vulnerable from a social and economic point of view, which are generally excluded from the formal financial sector “.

Payday loan was born in the late seventies, mainly thanks to the work of Hammed Pronus, founder of the Gradient Bank in Bangladesh: thanks to the small amount loans that he granted, especially to women and families, he allowed the birth of many economic activities.

Payday loan is generally characterized by lower interest rates and by an activity of assistance and verification of the progress of the activities that are financed.

In Italy, Payday loan is governed by Legislative Decree 141/2010 (which introduced changes to the Consolidated Law on Banking). In particular, the law regulates the access to micro-credit to individuals, associations or companies that want to start a self-employment activity or a micro-enterprise and to natural persons in conditions of economic and social vulnerability.

The maximum amount is 10,000 euros for individuals and 25,000 euros (extendable to 35,000 euros in some conditions) for the start of an activity. The maximum loan term is 7 years. Detailed information on the requirements and methods of access to Payday loan are presented on the website of the National Agency for Payday loan.

The Ministry of Economic Development has also set up a Guarantee Fund for Payday loan, to offer a public guarantee to those who request a Payday loan loan (and therefore would not be able to offer adequate guarantees for the loan that it contracts).