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Purchasing power 2020: Think about redemption of credit.

News and various recent social movements have shown that purchasing power remains one of the major concerns of the French. For 47% of them, it is the main source of concern for health (37%) and the environment (35% *). In addition, some households have taken out several loans (personal loans, home loans, revolving loans) and the share of monthly repayments constitutes an item of expenditure which threatens the balance of their budget. In this situation, buying back credits can be a suitable financial solution to find a more comfortable living. See http://hudsonberkshireexperience.com/get-the-financing-you-need-in-minutes/ for an observation

The French and their purchasing power

The French and their purchasing power

The purchasing power of a household corresponds to the quantity of goods and services that one can acquire with its income. It depends on both the price level and the level of our resources. Thus, if the increase in our income is greater than that in prices, then our purchasing power increases.

To calculate it, account must be taken of disposable income, that is to say income from employment, plus social benefits received and less taxes paid. In this activity income, we will consider the salaries for employees, the fees for the liberal professions, the income of artisans, traders and entrepreneurs, as well as property income (interest, dividends, rents received…)

Although our purchasing power increased in value in 2019, the French do not perceive these changes. They are more and more likely to believe that their purchasing power is deteriorating. The share of those who consider their purchasing power to be low has increased (22% in 2019 compared to 18% in 2018), and the number of households judging that their purchasing power is “correct but no more” has decreased ( 54% compared to 56% in 2018 *)

To save money, many French people choose to reduce their expenses: 22% declare that they have reduced their food costs in 2019, 14% their energy expenses and 11% the costs related to transport.

The advantages of buying credits to balance your budget

The advantages of buying credits to balance your budget

The total amount of repayment of your credits is an important part of the expenses which come to reduce your purchasing power. Under these circumstances, a loan buy-back can prove to be a very advantageous solution to find an oxygen tank and increase your monthly living allowance.

The principle is simple: it involves redeeming all or part of your old credits to replace them with a single single loan. This unique loan, known as a consolidation loan, benefiting from better rate conditions, then allows you to have only one repayment to make, with a monthly payment lower than the total of your previous repayments (most often with an extension of the duration).

By doing so, you can free up more money each month to cover your daily expenses, or even save some money to build up savings.

With the exceptionally low level of current borrowing rates, buying back credit can be an ideal solution to balance your budget and protect yourself against the risk of over-indebtedness.

Ideally, it should be done in the first half of the term of your loans. The more interest you have on your old loans, the more you will gain. It is indeed necessary that the gains obtained are greater than the costs generated by your end of contracts. As a general rule, it is also considered that the difference between the old rate and the new one must be at least 0.7%, or even 1% for the operation to be profitable.

In all cases, your situation should be studied in a personalized manner. It is therefore in your best interest to consult loan repurchase experts such as the advisers of Spin Lender who will be able to guide you towards the solution best suited to your situation.

Good to know: a loan repurchase can relate to consumer loans, revolving credits, personal loans, restricted loans, home loans, but also other debts, such as late payments of tax or rent, bank overdrafts or amounts due to bailiffs.

Loan without guarantor and Credit Bureau.

Car repairs are expensive. In the case of used vehicles in particular, they often even exceed the purchase price of the vehicle. The same applies to a washing machine or a television. However, it is often not possible to raise the funds that would be required for repairs or a new car or household appliance without outside help. At this moment, a loan is supposed to help. But whose Credit Bureau entry is weak has a problem. This will be immense even if it is a loan without a guarantor and Credit Bureau.

The difficulties with a loan without guarantor and Credit Bureau

The difficulties with a loan without guarantor and Credit Bureau

Loans are a business. The borrower gets a certain amount that he could not raise alone to use it in such a way that it means added value for him. The bank that gave the loan not only gets the loan back, but also interest that means a financial gain for the financial institution. However, this business is risky for the bank: what if the borrower does not pay? Although she can take legal action against him and maybe even send him to prison, it does not pay off her financial damage. For this reason, banks require collateral.

For this purpose, the General Loan Protection Association was created, which provides a risk assessment of whether or not lending to an applicant is safe. This is the so-called Credit Bureau entry. If it is negative, the chances of getting a loan are very slim. Unless you present a guarantor who steps in in an emergency and pays the costs. But if you do not have this, the possibilities for a loan without a guarantor and Credit Bureau are already very small.

Loan without guarantor and Credit Bureau: the possibilities

Loan without guarantor and Credit Bureau: the possibilities

You can only get a loan from a Fine bank without guarantors and Credit Bureau if you receive a very high salary that serves instead as security or can use other security such as a property or a car. But if the Credit Bureau entry is negative and you don’t have a suitable guarantor at hand, then you probably don’t have this form of collateral either.

In this case, there is still the possibility to contact a private person who decides for himself on what terms (and guarantees) he will grant a loan or go to an internet bank. These advertise aggressively with a loan without Credit Bureau, but you should first compare exactly what form of collateral these banks otherwise require. Because the internet banks don’t have to give away money either.

What are short-term borrowings, our experiences and how to make them happen?

 

We are pleased to announce the introduction of our blog on behalf of the entire team. In the short span of business, we have taken many small but successful steps to reach our final goal of becoming one of the leading online short-term lending companies.

By constantly working to improve the quality of service and raising the level of accessibility, today, with every family having a computer, mobile phone and / or tablet, our innovative user interface allows you to view the application on different platforms, and you can submit a short-term loan application on any device – desktop, tablet or cell phone, so these pages, regardless of which device you use when browsing, give you a great user experience.

We would like to thank all of our many loyal users of the online money lending service for your trust, and we also warmly welcome all new clients.

We will continue to work hard every day to provide you with an even better, faster and more convenient service, and we look forward to your welcome contribution in improving our short-term lending service.

What are short-term quick loans?

What are short-term quick loans?

In recent years, short-term fast loans have gained popularity in the country. Many people are looking for help with this type of money lending, seeing it as a solution to their financial obstacles.

Such services are best used to cover a temporary cash gap. For example, if your car broke down unexpectedly, you may not be able to fund your repair right now. Taking a quick loan to solve this problem is one way you can cover such an unpredictable expense.

What are the amounts that can be borrowed?

What are the amounts that can be borrowed?

Quick loans are determined by relatively small amounts for a short payback period, up to a maximum of ninety days. In simple terms, without a lot of unnecessary documentation, notary costs and wasting time, you can find on our calculator amounts from 700.00 to 3700.00 dollars for thirty days, which you can use if you find yourself temporarily without money.

How are they different from other loans?

How are they different from other loans?

The main difference between a short-term quick loan and other loans you can get in the financial market is a short repayment period and a quick realization. With a simple login, allows you to use your money within 15 minutes of activating your account. Once the money has been paid into your checking account, you are asked to return it within thirty days. Generally, it will act as a financial bridge to the next paycheck.

Before submitting your request for a loan like this, read our complete and highly informative step-by-step guide to short-term quick lending so you can make the right decisions with confidence.

Instructions on how to get a quick loan

Instructions on how to get a quick loan

You can get a quick loan online today in just a few clicks. All you have to do is follow the instructions on the website of the company that lends to fast loans and within 24 hours you can get paid off. You can solve your financial problems in a very short time.

In order to get a quick repayment loan as soon as possible in the event of an emergency, you need to collect some documentation. This is the first thing you need to do, and you can scan and email the documentation. You should also know that all bank transactions are completed by 3pm, so make sure you collect and send all your documentation on time to receive your loan payment as soon as possible. After you have submitted everything, wait for the confirmation that your quick loan has been approved and only send a confirmation message via SMS that you want your payment.