Categories
Uncategorized

How many credits can you have? Two, three or more?

How many loans do you get? From the banks’ perspective, the answer is simple. As many credits as there are credit ratings. Banks want to sell loans as much as possible.

If the freely disposable income determined according to the guidelines of the bank is still sufficient for a new loan despite payment in installments for the existing loans and if the credit score is in order, banks have in principle no problems with lending.

But from your point of view as a borrower, what is it like when there are two, three or even more loans at the same time?

Is it really advisable to have many loans next to each other? If not, how can you prevent multiple loans from being serviced at the same time?

Multiple loans side by side: practical examples

bank

If you have read our introduction, you already suspect that we do not consider many loans to be particularly recommended at the same time. But in some cases, another solution is not possible at all or is very impractical. And then there are exceptions.

Imagine you want to build a house and of course, you need a real estate loan. A house loan of 250,000 dollars is actually sufficient. But your creditworthiness and your freely disposable income are good for 300,000 dollars.

Before you plan to borrow, you understand that you will be spending more soon. At least they need a new kitchen and they urgently need a new car.

Since your own funds are to be used for the new house except for the famous nest egg, only credit financing remains. Isn’t it a good idea to finance both together with the house and to raise 300,000 dollars instead of 250,000 dollars?

Your bank will likely go along with this, especially when it comes to financing the kitchen. But is a credit increase really cheap from your point of view? It depends on it.

First of all, you benefit from low building interest. They are cheaper than purchase or car loans. But the terms are longer. You carry the additional financing with you over the entire term and thus increase the entire interest burden.

And above all: The interest rate for the real estate loan can increase due to the additional charges because a higher percentage of the mortgage lending value has to be financed with debt.

Including the kitchen and new car in real estate financing can be worthwhile, though the nominal interest rate does not increase due to the higher loan amount and You are able to reduce the additional loan amount by special repayment within a reasonable period of time to the extent necessary for real estate financing.

A prerequisite for special repayments is that they are contractually agreed upon. Free special repayments are now standard for real estate financing.

It will regularly make sense to include the new kitchen or furnishings in real estate financing, while other purchases, such as a car, should be financed through normal installment loans.

In our initial case, you will really have two loans side by side. The real estate loan and separate car financing.

This means that you are in good company with many consumers and it makes sense to separate the two types of financing.

A loan is often taken out for a specific purpose and later during the term of the loan, it turns out that money is needed for another purpose.

Credit increase: what to consider?

Credit increase: what to consider?

A credit increase is a debt rescheduling that is carried out with the lender of the existing residual loan.

In the actual sense, it is always a new loan in the amount of the new amount required plus the remaining amount from the old loan. The remaining loan is paid off and the excess amount goes to the borrower. A new credit check is regularly carried out before a credit increase. In addition, the current interest rates apply.

The annual percentage rate may be higher or lower depending on the customer’s current credit rating and the interest rates the bank offers at the time the loan is increased. Since this is a new loan, not only the amount of the loan can be changed. It is also possible to adjust the runtime.

The term of the top-up loan can be as long as the remaining term of the original loan. The term can also be shorter or longer. Anyone looking for a top-up loan is negotiating a completely new loan. Therefore, he has to prepare well beforehand.

Good preparation, including the compilation of all documents, is particularly important if the negotiating partner is the house bank.

Once the borrower has compiled all the documents relating to his income and liabilities, has a clear idea of ​​his financial options and can specify the terms it takes to pay off the increased credit, he leaves the house bank clerk with the impression of a reputable customer. The bank will then be more willing to grant a top-up loan.

Debt rescheduling

Debt rescheduling

A debt rescheduling loan is used to summarize and redeem one or more loans.

The desire to redeem expensive old loans is often the reason for debt restructuring. In addition, debt rescheduling can also make sense to combine an unnecessarily large number of small loans into a single loan.

It is, therefore, optimal to make one out of many loans and also to save interest. The debt rescheduling can be carried out together with a bank that has issued one of the remaining loans.

It is also possible to take out a debt rescheduling loan from a bank that has not previously participated. This solution is sometimes cheaper because they are new customers. Existing customers who want to implement a refinancing request are sometimes not treated as well by banks.

If you opt for a debt rescheduling loan from a third party bank, you can contact a number of branch banks or look around on the Internet to find a cheaper solution for your refinancing.

1000 Dollar credit without Credit Checker

Taking out loans in the amount of 1,000 dollars is no big deal for banks. With small amounts, credit institutions cannot lose much. Then why turn on the Credit Checker? Borrow 1000 dollars without a Credit Checker, that should be possible without any problems. Unfortunately, things are not that simple.

To put it in advance: Strictly speaking, there is no 1000 dollar loan without a Credit Checker. All German banks are legally obliged to obtain information from a credit agency before issuing a loan.

Loans without Credit Checker are only available in Germany from a single bank in Liechtenstein. And this bank does not offer loans over 1000 dollars.

The lowest loan amount is 3500 dollars

The lowest loan amount is 3500 dollars

In addition, Credit Checker-free loans over 5000 and 7500 dollars are possible. However, loans over these amounts are not what you are looking for. Taking out a loan that is not needed and paying unnecessary interest would also be a mistake.

Especially since in most cases there is absolutely no need for an excessive loan without the involvement of Credit Checker.

Suppose you are looking for a 1000 dollar loan without Credit Checker to overcome a short-term financial shortage. Or you would like to use it to finance a vacation or a small purchase.

You may be looking for a small loan without Credit Checker because you assume that the Credit Checker information will delay the application process. You have a good credit rating and want the loan immediately.

Or you believe that your credit rating leaves something to be desired and are therefore looking for a Credit Checker-free loan of over 1000 dollars.

Rent 1000 dollars quickly with Good Credit

Rent 1000 dollars quickly with Good Credit

In both cases, a Good Credit loan comparison offers you alternatives. The loan comparison portal does not provide Credit Checker-free loans from Liechtenstein. But the credit inquiry at Good Credit is always neutral. If you have a good credit rating, we recommend Good Finance, a fully digitized credit with immediate payment on the same day.

As long as the low interest rate phase continues, this loan is even offered at times with effective negative interest rates (as of August 2018).

If your creditworthiness is weak, you also have a credit chance with Good Credit. The loan calculator works with partner banks that grant loans even if their credit rating is not so good.

For example, you can find the range of auxmoney and KreditPrivat in the loan calculator. These are P2P portals that provide loans from private investors.

Of course, the portals check the creditworthiness of their customers. But especially with relatively small amounts, there are usually investors who also invest in moderate credit ratings. A 1000 dollar loan can be financed in 24 hours or 48 hours.

Using the loan calculator is very easy

Using the loan calculator is very easy

First select the desired amount. In your case it is 1000 dollars. Then decide on a suitable term. You can control the amount of the total interest and the monthly rate over the term. Click on “continue” and fill in the online form for the credit request.

Information about your personal circumstances (age, place of residence, civil status, employment relationship) and your income situation are required.

After submitting the form, you will receive a preliminary loan decision in a few moments.

Only one credit request is required. Good Credit will then automatically select the best loan offer for you.

Almost all partner banks of the comparison calculator meanwhile offer at least video ident and documents upload.

If you have a computer (smartphone, laptop, tablet) and accept the offer to accelerate the processing of the credit request, the money will be in your account in a few days.

5000 USD credit without Credit bureau online: solid interest conditions.

You need a loan for an urgent purchase. Or you just want to make a wish come true, but you don’t have the money to do it. Loan amounts of 5000 USD are often ideal for this.

Actually, a normal installment loan would not be a problem for them. You earn enough money to be able to afford a 5000 USD loan.

But there is a small problem: Credit bureau has saved a negative entry about you. Because of this or for other reasons, your bank score is bad.

Perhaps you are looking for a loan of up to 5000 USD without Credit bureau for completely different reasons.

You are planning a larger borrowing, for example to buy a house. A small advance loan in the Credit bureau file would be more of a hindrance and would not look so good in the credit rating.

Credit bureau-free 5000 USD credit: where to apply?

Credit bureau-free 5000 USD credit: where to apply?

That is why the loan conditions are the same everywhere. The conditions under which a loan is granted without Credit bureau are always the same.

You can fill out an online form and apply for the Credit bureau-free loan directly from Cream Bank.

This way is recommended if you have already decided on a loan without Credit bureau and no other loan solution is suitable for you.

If you have not yet been determined and would like advice on alternatives to a Credit bureau-free loan, credit intermediaries are the right contacts.

It also makes sense to use a credit broker if you want to avoid mistakes in completing the somewhat complicated loan application from the Agree Bank from the outset.

The bank checks each loan application manually. Even the smallest misunderstanding can lead to loan refusal and thus delays in lending.

Creditolo is a lesser-known loan broker for loans without Credit bureau. For this purpose, the advice is comprehensive and targeted towards the credit requests of the customers.

If you have informed yourself beforehand about Credit bureau-free loans, you will have come across the name Max Credit. The loan broker aggressively advertises loans without Credit bureau in the media.

5000 USD loan without Credit bureau: how much interest do I have to pay?

5000 USD loan without Credit bureau: how much interest do I have to pay?

The conditions for a Credit bureau-free 5000 USD loan are precisely defined and are fixed from the start. The loan is repaid in 40 equal monthly installments.

The first installment is payable in the month after next after the contract is signed. The total term can therefore be up to 42 months.

The loan can be repaid early. No prepayment penalties will be charged.

A credit increase (follow-up loan) is possible. The prerequisite is that approximately 40% of the original loan has already been repaid.

For a 5,000 USD loan without Credit bureau, the remaining amount may not exceed 2,500 USD.

Award requirements and documents

Award requirements and documents

The 5000 USD loan without Credit bureau is not a loan without a credit check. Solely obtaining information from Credit bureau and other German credit bureaus is no longer necessary.

Instead, relatively strict requirements apply to the required net income and to the proof of the applicant’s income and financial situation:

The current values ​​from the current garnishment table (as of August 2019) are taken into account.

The other requirements for lending have some special features compared to normal installment loans:

The applicant has a checking account with a Agree Bank (no cash payment).

Lending only in the case of regular, permanent employment as an employee or civil servant.

The employment relationship must have been terminated and have existed for 36 months.

No attachments or assignments.

No requested or ongoing bankruptcy proceedings.

No entries in official directories (no affidavit and no arrest warrant).

Full ability to work (no more than ten days of sick leave in the last year).

In the case of a credit increase, the same lending requirements apply, apart from privileges for the minimum period of employment.

To top up a 5,000 USD loan or for a follow-up loan, the minimum period of employment only has to be seven months.

The bank will inform you of the required documents in the application form:

4000 USD or 4500 USD credit without Credit bureau?

4000 USD or 4500 USD credit without Credit bureau?

Loans without Credit bureau are only granted at amounts of 3500 USD, 5000 USD or 7500 USD. Interim amounts are not possible.

So you do not have the option to choose the loan amount freely. You have to choose one of the loans.

The rigid conditions ensure the greatest possible transparency. The downside is that Credit bureau-free loans are completely inflexible.

However, there is a way to make loans a little more flexible without Credit bureau. The free special repayments offer an opportunity to do so.

Here is an excerpt from Cream Bank’s standard USDpean consumer credit information:

Assume that you only need a loan of more than 4,000 USD and not more than 5,000 USD.

In this case, you can take out a 5000 USD loan without Credit bureau and repay the superfluous 1000 USD as quickly as possible.

Of course, this procedure is somewhat complicated and also costs money. As long as your repayment is not credited to the bank, you must pay interest on the total amount of 5000 USD.

5000 USD credit despite negative Credit bureau as an alternative

5000 USD credit despite negative Credit bureau as an alternative

Many credit customers are of the opinion that an online loan without Credit bureau is the only option because their creditworthiness is not sufficient for a regular installment loan.

However, this is often a mistake. With insignificant negative characteristics or with completed negative entries, normal installment loans are feasible if you contact the right lender.

If you want to test whether a conventional installment loan is feasible despite your negative Credit bureau, there are two options:

Among other things, credit intermediaries specialize in granting loans in difficult cases. So contact a loan broker with good contacts to banks who will keep an eye on the credit check.

Our recommendation is again Creditolo because of the good advisory service.

Another option is to apply for a loan using a comparison portal such as Centi Loan. With Centi Loan you can also get your loan offer free of charge and without obligation.

Some credit comparison partners also grant loans to people with below-average credit ratings.

You can easily see which bank that is. Pay attention to the specified framework for the effective annual interest rates.

If maximum interest rates are given in the high single-digit or even double-digit range, you can expect these banks to accept customers with below-average score values.

The bank list in the Centi Loan loan calculator provides further interesting information.

In some cases, the effective maximum interest rates are similarly high or even higher than the effective interest of a 5000 USD loan without Credit bureau.

A normal loan despite a negative Credit bureau does not necessarily have to be cheaper than a Credit bureau-free loan.

Immediately borrow money Cash on hand

Borrow money now Take payment directly? With classic banks, you are at the wrong address because even loyal customers are cold-nosed and their loan application is modestly negative.

But what other options do you have if your Credit Checker score is not the best? An increasingly popular option is a car pawn shop, where you use your vehicle as a pledge and receive a loan.

Lend money instantly Get cash in hand

Lend money instantly Get cash in hand

At Good Credit, you can secure an instant credit in the form of cash for a maximum of 3 months and with that short-term liquidity to overcome your financial bottlenecks.

Which vehicles can I lend to Good Credit?

In order to borrow money from Good Credit immediately and benefit from a quick payment, a vehicle must be used as a deposit. We want to give our customers the greatest possible flexibility when choosing this vehicle and therefore basically offer 6 vehicle types that we accept as a deposit. These are the following motor vehicles:

  • cars
  • motorcycles
  • Antique car
  • campers
  • truck
  • boats

In our experience, these are also the most common vehicles that we pledge to accommodate in an insured building. Do you have another vehicle, but feel free to ask us!

In which cities is Good Credit active?

In which cities is Good Credit active?

If you would like to borrow money immediately with immediate payment, you will find us in the federal states of Rhineland-Palatinate, Hesse and Bavaria. Here you will find more information about our car pawn shop in Frankfurt or the car pawn shop in Munich.

Of course we are also there for you in the immediate vicinity of these cities. If you come from another region in Germany, just contact us. We will then see whether we can set up a pawnshop. The chances from neighboring states like Baden-Württemberg are of course better.

Do I have to submit a bureaucratic loan application?

In order to be able to borrow money from Good Credit immediately, including a fixed payment in cash, you do not have to make a laborious application along the lines of your house bank. We are committed to providing you with an unbureaucratic deposit loan that you can hold in your hand as soon as possible in the form of cash.

First give us important information such as the vehicle model, mileage or extras by phone or fax so that we can calculate the deposit value of your vehicle. This then also represents the basis on which we determine the amount of your instant loan. You can of course reject our proposal without any problems. If you agree, the next step is the car pawnshop.

Can I really borrow money right away and get the payout?

Can I really borrow money right away and get the payout?

After you have accepted our mortgage, we will arrange an appointment with you. It is used to hand over your vehicle and to pay off your instant loan and can be arranged on the same day. It goes without saying that you bring the vehicle with you to this date. However, some documents are also part of the handover and are mandatory for a successful completion of the car pawn shop. We need the following documents:

  • Abmeldebescheinigung
  • Vehicle registration
  • Motor vehicle certificate
  • repair evidence
  • Checkbook

as well as documents that prove changes made to the vehicle afterwards. Present your ID card or passport and receive your mortgage loan in cash.

What terms can I choose from for the pledge loan?

bank

Similar to the loanable vehicles, you can count on the greatest possible flexibility in terms of runtime. The starting point is our regular term, which is 3 months. For this duration, you can get an instant loan from Good Credit. If you would like to extend this regular term, you can do so by paying the open costs.

Then another 3 months are conceivable. And the opposite is also realistic: You can pick up your vehicle the next day by calling us and requesting your car to be released early. Finally, a final sale is even possible. Just ask!

Lend money immediately Payment: Is it a loan without a credit check?

A mortgage loan from Good Credit is always free of Credit Checker. This means that your score there or your data at another credit agency are irrelevant to your credit with us. The amount of your income, unpaid mobile phone bills or other factors: All of this is unimportant, since only the vehicle deposit defines the amount of your instant loan. A loan from us is therefore always a loan without a credit check, with the usual costs

  • loan fees
  • lending rates
  • demurrage

connected is. We look forward to your inquiry and the chance to make the payment directly with you to borrow money immediately and to provide you with short-term liquidity with a pledge without a Credit Checker!

Borrow money without a credit: still get cash

Would you like to borrow money without having to use credit or other bank loans? Then a reputable car pawnshop like Good Credit is the ideal alternative to a classic loan like the one you get from your house bank or other credit institution. There are many reasons why consumers want to borrow money without having to make an application.

Above all, more and more people are now struggling with debts that cause poor creditworthiness and make the traditional way across the bank an almost impossible undertaking. At Good Credit, you can avoid such problems by securing a cheap instant loan without a Credit Checker for 3 months through a car pawnshop.

Borrowing money without a credit: how does it work?

Borrowing money without a credit: how does it work?

If you want to borrow money from Good Credit without having to apply for a classic loan, please provide us with vehicle data such as the model, mileage or extras to determine the vehicle deposit value. We calculate the amount of your deposit loan and agree on an appointment with you after your yes.

We are active in many areas of Germany, for example with our car pawn shop in Munich or the car pawn shop in Frankfurt. If you wish, the appointment can take place on the same day.

We need some documents in addition to the vehicle and the key. If everything is complete, you and we sign the mortgage loan agreement and you will receive your money in cash as an instant loan. We call our product credit, but it is not comparable to a classic bank loan.

Which vehicles can I pledge to borrow money without a loan?

Which vehicles can I pledge to borrow money without a loan?

Borrowing money without a credit – that works for us with many vehicles. With us, you can cash different kinds of vehicles and like to combine several vehicles. At Good Credit you loan the following vehicles:

  • car
  • motorcycles
  • truck
  • campers
  • Antique car
  • boats

If you are interested in pledging another vehicle type, feel free to contact us. There is a good chance that we will find a solution for you and that you can refine your vehicle with a cheap instant loan.

How long can I borrow money without a loan?

How long can I borrow money without a loan?

If you borrow money from Good Credit without a loan, you do so as normal for 3 months. However, something can be changed during this period – in both directions. So it may be that you unexpectedly expect a shower of money and can, therefore, pay off your mortgage loan with us in one fell swoop.

In such a case, just call us and pick up your vehicle the next day. In addition to an early release of your vehicle, an extension of the pawnshop is possible. By paying all the costs incurred, you are in a position to receive an instant loan from Good Credit for a maximum of 3 additional months. If you want to finally sell your car, boat or motorcycle, we will make you a fair offer.

Borrowing money without a credit: is that possible without a Credit Checker?

Borrowing money without credit has one advantage in particular: Credit Checker is completely left out. We also guarantee that we will never work with this credit agency from Wiesbaden. Other credit agencies are also not among our cooperation partners. The amount of your mortgage loan is not decided based on your credit rating or your income.

Only the deposit value of your vehicle is decisive. So don’t worry if you have a negative Credit Checker entry and you don’t get a loan from your bank based on your score. With Good Credit, you can secure an instant loan without a Credit Checker and remain independent of your past.

What documents do I need to borrow money without a loan?

What documents do I need to borrow money without a loan?

In order to borrow money without having to take out a loan from the house bank, we need some documents from you. These are, for example, the following documents:

  • registration document
  • vehicle registration
  • deregistration certificates
  • Proof of subsequently installed extras
  • Evidence of repairs

If no extras were installed, this is of course not necessary – also with a view to repairs. You must also identify yourself when you hand over the vehicle. Your ID card or passport is sufficient. Of course, we will prepare a handover protocol in which all the documents you submit to us are recorded.

How much will it cost to borrow money without a loan?

Borrowing money without a loan is associated with certain costs, but at Good Credit, there is one guarantee: fair and transparent. They are made up of 3 components:

  • lending rates
  • loan fees
  • demurrage

The amount of these individual points depends on the amount of your pledge and is always within the legal requirements. You can be sure that we bill all items exactly: the stand fee every day, the other two pillars monthly to the day. Get short-term liquidity by pledging your car at Good Credit and get an instant credit without a Credit Checker for 3 months on-hand!