Credit after graduation – use for applying a job

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After graduation, many academics really want to get started. Now you have the opportunity to apply everything you learned and worked on during your studies. Often, a change of location has to be carried out because the place of study cannot usually find the right job.

In addition, purchases for an apartment and often also the purchase of a car come to the job seeker. All things that are associated with the use of money. However, many former students were unable to build up any reserves during their studies and are therefore financially starting a new life. A credit after graduation must therefore be taken out in order to be able to start working life.

The conditions are difficult

The conditions are difficult

Taking out a loan after graduation can be quite difficult as the prerequisites for this are very poor. This means that the graduate cannot prove any income because he only receives it when he is working. Since he has saved nothing and certainly does not have any valuables or other collateral, the bank sees hardly any reason for lending.

The banks can only be made more positive if they have a fixed employment contract that promises high income. In addition, you improve the prerequisites if you can name a co-applicant who has been working for a long time and therefore has good prerequisites for borrowing.

What will happen if you did not grant a loan?

What will happen if you did not grant a loan?

If this is not possible and if there is a gap in employment between the end of your studies and the start of an employment relationship, it is worthwhile to submit an application for unemployment benefit to the employment office. If the office sees that the loan is absolutely necessary to take up work after graduation, it can happen that the employment office grants an interest-free subsidy and sometimes you no longer need a loan at all. The subsidy from the office can then be repaid in small installments.

You can also see whether you have a chance to get a loan from private donors. In addition, direct banks are always a bit more humane when it comes to lending than traditional banks. You cannot avoid a co-applicant here.

Debt Collection Company

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A debt collection company is a company or agency that works to recover money in debt accounts. Many debt collection companies are hired by companies to which debtors owe money, who work for a fee or for a percentage of the total amount. Some debt collection companies are debt buyers; these companies buy debt at a fraction of their nominal value and then try to recover the entire debt amount.

A borrower who cannot settle his debts

A borrower who cannot settle his debts

Or fail to make the scheduled payments on a loan will have his / her negligence reported to the credit bureau. Not only will his credit history be affected, but his debt will be transferred to a collection agency or collection company within three to six months of the due date.

Overdue payments on credit card balances, telephone bills, car loan payments, bills, and withholding taxes are examples of overdue bills that a collection company may have the task of collecting.

The companies find it cheaper to get a debt collection company to recover unpaid debts than to chase customers themselves. The debt collection company has the tools and resources needed to track a debtor, whether they have changed their home or telephone number. These agents also perform several strategies such as calling the debtor’s personal phone and work phone and even showing up at the individual’s door now and then to get the debtor to pay his balance.

Collecting agents can also contact family members

Collecting agents can also contact family members

Friends and neighbors of the borrower to confirm the contact information they have on the file for the individual, but they cannot disclose the reason for trying to reach the person. An agent can choose to send delayed payment notifications to the debtor as well. However, the debt collection companies ensure that the debtor has their full attention.

If the individual changes and pays his debt, the creditor pays the debt collection company a percentage of the funds or assets that the agency has recovered. Depending on the contractual agreement entered into with the original creditor, the debtor may have to pay the entire debt at one time or only part of the debt at a time.

However, if the borrower still does not cover his overdue account, the collector can update the borrower’s credit report with a “debt collection” status. To have this status on a credit report is certainly to reduce the individual’s credit score. A low credit rating will affect the chances of obtaining a long-term loan, especially as an account under debt collection can remain on a credit report for seven years.

A debt collection company

A debt collection company

It would be in breach of regulations if they continue to collect old debts that have been counted as non-recoverable. An account that cannot be withdrawn is one that has no chance of being paid off because the borrower has filed for bankruptcy or cannot be located. In addition, unless a debt collection company has won a lawsuit against a debtor, it cannot legally resort to assets from a debtor or physically harm or threaten a debtor to make payment.

In the end, we would advise you never to take additional loans to pay off old ones. This often leads to a vicious cycle of high-interest rates that are only based on one another. Therefore, it is important that you weigh the pros and cons before taking out a loan.

Credit without problems – online bank offers

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Everyone has wishes. However, many of these can only be met through a loan if there are no financial reserves. Most consumers first turn to their house bank when it comes to applying for a loan. It’s convenient and you know your advisor. However, many overlook the fact that they are giving away valuable money because the house bank is not always cheap. The online banks offer a loan without problems with better conditions. The cheapest bank can be found quickly with a credit comparison calculator.

The offers of the online banks

The offers of the online banks

Many online banks do without a broad branch network and only offer their services over the Internet. This gives them an advantage over the other banks because they can provide better conditions by saving on personnel costs and rents. This affects interest rates, processing fees and other costs. It is definitely worth taking a look at the Internet.

Are there any restrictions?

Are there any restrictions?

The internet banks also check whether the prerequisites for a positive credit decision are met. A loan without problems comes about when the creditworthiness is impeccable and the income is regulated. If these requirements are met, the money will be transferred to the borrower after receipt of the loan documents. This usually takes five to seven days. With a lightning credit, the time is reduced to 48 hours. However, if there are problems with the creditworthiness, the online banks can also refuse. The criteria are not as strict as those of the branch banks, but there should be no serious entries in the Credit Bureau.

Credit from Switzerland or Liechtenstein without any problems

Credit from Switzerland or Liechtenstein without any problems

With Credit Bureau problems there is only the way through banks in Switzerland or Liechtenstein. Nobody is interested in Credit Bureau here and with a fixed income there is a loan here without any problems. These are communicated via financial service providers on the Internet. This saves the journey and the accommodation costs.

Applying for loans through capital lender is easy. An online loan application is sufficient to address both banks and private investors at a serious level. Of course, the borrower decides who gets the loan.

Our customer support team is fast and efficient to clear all your doubts regarding personal loan eligibility, procedures, offers, documentation and repayment options. We even contact with the respective lender on behalf of you.