Credit card with no fixed income?

Not every person has a regular income. This is exactly what most credit cards require. But there are good alternatives, such as using a partner card or – better – a prepaid credit card. http://www.athenasite.net/best-payday-loan-consolidation-where-and-how-to-consolidate-payday-loans/ for further explanation

Why is a fixed salary necessary?

Why is a fixed salary necessary?

Classic credit cards have a credit limit. As a rule, expenses are collected over the month and then debited. Depending on the credit card, the consumer has to transfer the amount himself. However, the principle remains the same: the bank grants the customer a loan.

This means that the bank is taking a certain risk. If the customer cannot pay for his purchases, the bank may remain at his own expense. In addition, private bankruptcy threatens consumers if they go into excessive debt. To protect themselves and their customers, banks follow strict spending guidelines. Consumers also benefit from these requirements.

A stable income is an important award criterion. A classic credit card is usually rejected if the applicant has an irregular salary. This is annoying for consumers who work seasonally or make a living from their savings. Housewives or students who For example, receiving money from their parents are also excluded. They could easily manage the credit line.

Classic credit card: income required

Classic credit card: income required

The exact salary is requested before the card is issued. Anyone applying for a classic credit card has to answer this question. Unfortunately there is no way around it. The bank requires monthly income or annual salary. In addition, she would like to know the professional status, i.e. whether the applicant works as an employee or as a self-employed person.

Info: Often there is no proof of income. Nevertheless, the consumer should provide truthful information. If the bank detects fraud, it can terminate the business relationship immediately.

In contrast, the creditworthiness is strictly checked. To do this, the bank turns to a credit agency like Credit Bureau, and if negative characteristics are stored there, there is a risk of the credit card being rejected. Therefore, consumers should polish their Credit Bureau before applying for the card. For this you can request free data access according to Art. 15 GDPR. Wrong entries will be deleted immediately upon request. If open bills are noted in the Credit Bureau, this is another reason for rejection.

Creditworthiness is an important point. If a bank sees the lack of income less strictly, a negative Credit Bureau entry would be the knockout criterion. Normally, consumers without an income do not receive a “real” credit card.

Way out via a partner card

Way out via a partner card

Fortunately, there are two solutions. The first way out is a second or third card. The applicant must find someone who already has a credit card or who meets the requirements. This can be the parents, the partner or close friends.

The close person assumes full responsibility. She keeps the main card account. The consumer without a fixed salary receives a second card. He can use it in accordance with the agreement with the account holder. This requires a strong relationship of trust. The bank does not check the second card holder, as the risk lies entirely with the creditworthy person.

In this variant, billing is carried out via the main account. If the consumer without income does not pay his bills, the main account holder is asked to pay.

Prepaid credit card as the best alternative

Prepaid credit card as the best alternative

Since there is no fixed income with which the credit card debt can be paid, a partner card is too risky for many people. Defaults can jeopardize good relationships. Therefore, a prepaid credit card is the best solution.

Info: Prepaid credit cards follow the same principle as prepaid mobile phone tariffs. The consumer can make calls until his money is used up. Credit cards work on a credit basis.

The bank does not take any risks with a prepaid credit card. The consumer cannot get into debt because he has to top up his credit beforehand. This is why this card model is issued without proof of salary. Banks also issue prepaid credit cards to the unemployed, students or housewives.

As with any other credit card, a provider comparison is recommended. The individual prepaid credit cards differ in their terms. Generally, a plastic card with no annual fee is preferable. The applicant should also check the fees abroad. The costs for cash disposals and the foreign currency fee are to be taken into account.

Conclusion: partner card or prepaid credit card

Conclusion: partner card or prepaid credit card

There are two sensible solutions without a fixed income. Anyone who knows a creditworthy person with income can offer them a second or third card. Here, however, there must be a close relationship of trust. Applying for a prepaid credit card is much easier. No income is required for this card variant. Therefore, it is the best solution for people without a fixed salary.

Credit Purchase Definition: Raise all your credits in one loan

The credit redemption is the combination of several consumer loans and / or mortgage and debt to subscribe to a single loan with a single monthly payment adapted to your budget. In general, the repurchase of credit at the best rate is obtained with a repurchase of mortgage, that is to say a group of credit with a mortgage guarantee on your house.

What is a credit consolidation?

What is a credit consolidation?

The repurchase of credit, its definition:
This is a financial transaction that allows the early repayment of all your consumer loans and all your personal loans and sometimes real estate credit too. With a loan buyback, you get a single financing with a reduced interest rate and a single maturity shorter than the sum of the monthly payments you had with your multiple credits. Redeeming credit is a credit restructuring that consists of a good debt reduction, a single loan and a single maturity.

The purchase of mortgage credit

The purchase of mortgage credit

During a simulation of a repurchase of credit, one may have to lengthen the duration of the repurchase of loan to respect:
1 / the “remainder to live” (the amount you have left after you have paid the monthly installment of the mortgage, the credit requested and your monthly income tax)
2 / the maximum future indebtedness tolerated by the bank
3 / the desire for additional financing to carry out new projects or to build up savings.
As long as one exceeds the duration of 15 years in the simulation of credit or that the part of credit repossessed exceeds 60%; a mortgage guarantee will be requested systematically. The rate of the repurchase of credit is lower than that without mortgage.
In some situations, a mortgage credit can be used to pay off private debts or following a tax adjustment, for example.

The repurchase of revolving credit

The repurchase of revolving credit

When you have collected revolving credits, also known as money reserves or revolving credit, you have found that it is easy to obtain them, but in return the interest rates are very high. Not to mention the cost of insurance, the interest rate charged for a revolving credit below dollars 3,000 is about 20%!
You have also seen that these organizations that have easily granted you these reserves of money do not want to renegotiate the decline. It’s not interesting for them!
Under these conditions, it is necessary to make a redemption of urgent credit to settle all revolving credits and thus benefit from a reduced rate with a single credit and a single lightened maturity.

You need a repurchase of credit for civil servant or for employee on permanent contract or for retiree, that you are owner or tenant, we are at your disposal to answer all your questions.

Real estate finance – retirement savings with home ownership – amount of the loan

Seldom has it been possible to purchase property for retirement provision on such favorable terms as it is currently. As a result of the financial and debt crisis, central banks around the world were forced to cut interest rates. You can benefit from this today if you are planning to buy a property as a home.

Having your own home brings you a number of advantages in old age. The property is stable in value and largely protected against inflation. When you withdraw, you can save on rent costs with your own four walls, which today make up a large part of the monthly budget of a private household. In times of low interest rates, real estate financing is available on very favorable terms. A quick repayment and, in connection with this, a quick freedom from debt sound tempting. However, you should analyze your income and wealth situation before making a decision in order to rule out later financial bottlenecks from the start.

 

Compare interest rates

Compare interest rates

Internet platforms such as hypostar.de can help you compare interest rates from individual providers. It is helpful to consult a professional advisor to calculate real estate financing that also takes your personal situation into account. The amount of the loan depends largely on your own contribution. Experts advise between 25 and 30 percent of the loan amount. If this proportion is not reached, the financial means for additional costs and unpredictable expenses will ultimately be lacking. You must also take into account any changes in the income situation in the calculation. A job change can, for example, result in a loss of income.

 

Before you buy the property

financial loan

You must also take into account that you have different obligations to buying a home than a tenant. You have to take out insurance for the building yourself, and you, as the owner, bear the costs for maintenance and renovation. In the case of decisions that are made in the municipality, such as road renovation, you as the land owner are held responsible by the authorities. Of course, there are no high rental costs and dependence on the landlord. The quality of life in your own property is higher and with appropriate income, buying property at the current interest level is a good choice.

A credit buyback broker to get the best credit buyback possible

A broker is a person in charge of connecting one (or more) client (s) with a bank (or a financial institution). The credit buyback broker is specialized. He works with banks specializing in credit redemption. Do not wait, a credit redemption or credit consolidation can allow you  to balance your budget again.

Why ask for help from a broker?

Why ask for help from a broker?

He will take charge of building up your credit union file by listing all your personal loans and debts in a comprehensive manner. The credit broker will then apply for a loan from the various banks specialized in the sector of loan buyback. Your steps are thus simplified. You have one contact who deals with your credit application.
We are familiar with the criteria of the banks in question and their limits for granting credit redemptions.

Can a broker claim a fee?

Can a broker claim a fee?

No. No payment of any kind whatsoever may be required of an individual before obtaining one or more loans of money. The law is very clear in this area, you should not pay anything to your credit redemption broker before setting up the loan.
When the loan buyback is financed, at that time, the broker’s mandate included in the financing is paid to the broker directly by the bank (or by the notary if the credit consolidation is mortgage). Flee brokers who charge you a fee before the loan is put in place.

A broker can suggest what types of credit?

A mortgage purchase will only be offered if it is not possible to consolidate your consumer credit over a maximum period of 15 years. We then envisage 2 cases:
– keep the current mortgage and offer a loan buyback with a 2nd rank mortgage
– take back all the credits conso, loans including the mortgage with a first rank mortgage
After several credit simulations, we offer you the most economical solution for you and the one that substantially reduces your debt.
The repurchase of credit without mortgage is possible on a maximum duration of 12 years for the tenants (or hosted) and 15 years for the owners (or buyers).

You can fill out an online credit redemption request, your broker newpret.com is there to take care of your file for free and in all confidentiality.

Credit for marriages – quick decisions

For many loans, borrowers have to provide a wide variety of collateral. With medium-term financing, proof of a regular income and positive Credit bureau information are usually sufficient. A guarantor must often be named for long-term and high loans. Because of the mutual protection, long-term credit is often easier for married couples to obtain.

The credit rating is often rated higher for couples than for single people

The credit rating is often rated higher for couples than for single people

As a rule, married people also conclude a loan agreement together. This is particularly advisable if it is a large loan amount with a correspondingly long term. This long-term financing includes, for example, the purchase of a property, the establishment of a shared apartment or the financing of a new car.

Since many couples have two monthly incomes, a loan application of the corresponding amount is often approved more quickly due to the usually better creditworthiness.

Of course, Credit bureau information is also obtained from a jointly applied for loan. Since the Credit bureau evaluates each spouse individually, the information from both partners should be positive. Even if a spouse becomes unemployed, repayment of the monthly installments is relatively safe with a loan for married people.

Couples can also take out a loan online

Couples can also take out a loan online

A loan for married couples is of course also available online. Direct banks are also not averse if their loans are secured with two incomes. In order to receive a joint online loan, the loan contract must be signed by both applicants. Of course, a copy of the identity documents and the current salary statements of both borrowers must also be submitted. Positive information from Credit bureau from both borrowers helps to make a quick loan decision.

However, if a partner has negative entries, the credit business can fail. However, many direct banks offer solutions in these cases. Either the loan is granted to only one spouse or the loan amount is reduced accordingly. Spouses can of course apply for a loan from a house or direct bank without their partner. However, the salary must be so high that the family can be fed. At the same time, the fixed costs must be covered and the monthly loan installment must be affordable.

In the event of a separation, the credit installments must continue to be serviced

In the event of a separation, the credit installments must continue to be serviced

If there is a separation or divorce during the term of the loan, the loan agreement still remains. Divorced or separated partners must repay the credit for married couples in equal parts. It is also irrelevant how high the income is after a separation. If a loan is a long-term financing of a property or a new car, both parties often only have to sell it.

Credit for your modernization

Yes, in many cases it is possible to buy a house, take out construction financing for the purchase price and at the same time also finance the necessary modernization, i.e. to take out the same loan for house purchase and renovation. However, please note: the whole is at the discretion of each individual bank. We can only give you clues according to which a bank decides this. Most of the time, it is possible to get construction finance with modernization loans, provided that the mortgage lending limit of the house is not exceeded to.

The planned modernization measures should have an added value

The planned modernization measures should have an added value.

This is the case, for example, with new windows or a roof renovation – new furniture, on the other hand, is often not enough and is not co-financed by banks through construction finance. The situation is similar if you need the loan for a renovation: the bank will probably want to switch to a normal installment loan for wallpaper and new floors.

Loan for renovation

Loan for renovation

Your home is an investment, and home improvement loans can offer the funding you need to strengthen that investment with renovations, updates and repairs. However, there are risks involved, and not all home improvement loans are the same.

This guide covers the types of home improvement loans available, the costs of a home improvement loan, how to qualify and how to choose the best lender. It is designed to help you decide if accessing your home’s equity or taking out a personal loan for home improvement is a good choice, and offer insight into how you can find the best loan for your needs.

We describe which alternatives are available to you in such a case on our page on the subject of modernization loans. If you are unsure or have any questions, simply contact our installment loan specialists. In a personal, free consultation, they take a close look at your financial situation and provide an assessment of which loan is best suited for your modernization. Simply fill out our financing request and you will receive feedback from our colleagues within 24 hours.

Financing a new kitchen with a home loan

 

The question arises how the kitchen can be financed. Retailers have also recognized this and are offering their own loans directly on site. But these are usually not recommended.

    Merchant loans for kitchen finance: often more expensive, rarely better

    Merchant loans for kitchen finance: often more expensive, rarely better

    Buying a kitchen takes time. The large selection of available models must be viewed and a suitable variant must be found. Afterwards, nobody wants to deal with possible kitchen financing for a long time. The dealers come to meet their customers and offer the appropriate financing on the spot for immediate conclusion. It can hardly be more comfortable. But cheaper: With retailer loans, the interest is often higher than with normal installment loans. Or they are at an attractive zero percent, but then there are also pitfalls. The disadvantages of dealer loans in detail:

    The home loan is the better option compared to the dealer loan. It offers low interest rates on fair terms. With it you can – as the name suggests – finance everything from 5,000 to 50,000 dollars, which makes living more beautiful. It is also possible to finance a kitchen.

    This is how the housing loan works

    In essence, it is an installment loan, but is reserved for homeowners. There is no credit check, the lenders are satisfied with proof of property ownership, for example via a land register extract. The home loan serves measures for your own property, so it is fundamentally earmarked, however, the bank does not request more precise proof of use. The terms of the housing loan can usually be freely agreed. This applies to the term and the monthly rate, but also to the payment modalities.

    With many providers, borrowers can wait up to three months before calling up the approved loan amount for kitchen finance. Another alternative to a home loan: the normal installment loan. No evidence of property ownership is required, which makes it more straightforward overall. However, his interest is higher than that of the housing loan, which is why it is hardly worthwhile for property owners to finance the kitchen.

    Finance the kitchen through building loans

    Finance the kitchen through building loans

    Real estate buyers who want to finance their kitchens often want to do this through home finance. For good reason: there is much lower interest on a mortgage than on an installment loan. The hurdles are higher. Most banks do not co-finance furniture because they do not add value to the property.

    In addition, the loan amount of the property may not be exceeded by the additional amount required. In addition, the total of the building finance increases by the amount needed for the kitchen, which is noticeable when entering the land register: the land register and notary fees are based on this. If the kitchen only costs 10,000 dollars, for example, the project would be much less attractive due to the increased land registry fees.