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A Swiss loan for the self-employed is a delicate issue. At least at the moment there is no simple loan option without Credit Bureau, as for dependent employees. The article deals with credit opportunities and alternatives.

Swiss loan for self-employed – starting point

A Swiss loan for the self-employed cannot be conveniently realized through the offers for foreign loans without Credit Bureau. Ordinary loan offers without Credit Bureau, as far as is known they all come from the same loan provider, are inextricably linked to a dependent employment relationship. A Credit Bureau-free loan is only given to those who have been employed by their employer for at least 12 months.

In a market where there is only one provider, the credit provider sets the rules. As far as is known, Lite Lender is the only foreign credit bank that can legally grant Swiss loans in Germany without Credit Bureau. The self-employed are fundamentally excluded from taking up these loans.

Swiss credit despite independence – the possibilities

An entrepreneur could easily and legally get a Swiss loan for the self-employed who has a branch in Switzerland. It gets complicated for everyone else. In the case of a loan without Credit Bureau, there is neither the possibility of a co-applicant nor a guarantee to secure loans. Even the offer to pledge valuable property security does not lead to the desired loan.

The only option would be to ask a “straw man” to take out the loan. The advantage of this possibility is that the helpful friend or spouse would have no fear of negative consequences. Provided that the actual borrower pays the installments on time. A Credit Bureau-free loan is of course not entered in the Credit Bureau. This means that the helping person’s creditworthiness is fully preserved.

Legality of assistance and fairness

If you think about this possibility, you should not forget the mutual fairness and legality. First of all, it is generally legal to take out a Swiss loan without Credit Bureau and to lend the money on. The credit bank does not make any regulations about what the borrower does with his loan. This is different with many other “normal” loans. It is not uncommon for the borrower to be obliged to take out the loan only in their own interest. A legal “lending” would be impossible.

If a helper agrees to take on this credit risk, he must have the following requirements:

– Be employed by the same employer for 12 months or more
– The employment relationship must be unlimited and not terminated
– There must be no garnishment of wages
– The labor income must significantly exceed the seizure allowance
– An entry in the public debtor register must not exist

It is a requirement of fairness not to expose the helping person to the liability risk alone, at least by means of a private loan contract. This proves at least the clearly honest will to offer the helping friend a legal basis in the event of loan liability.

What does a Swiss loan without Credit Bureau offer?

A Swiss loan for the self-employed – via the above detour – is only granted in two loan amounts. A Swiss loan of USD 3,500 or USD 5,000 is possible. Each borrower can only use one Credit Bureau-free loan. A combination of the offers is excluded. When applying directly, the credit bank calculates 11.62 percent APR for the loan option with a credit of USD 3,500. A single person without any maintenance obligations must prove a net labor income of at least 1,130 USD. The repayment is to be made in 40 constant monthly installments of $ 105.95. A total of 4,238 USD will be repaid for a 3,500 USD loan.

If the Credit Bureau-free loan of USD 5,000 is to be used, the bank calculates an effective annual interest rate of 11.61 percent. For this loan, a single applicant must prove at least 1,600 USD net work income. Again, the Credit Bureau-free loan is repayable in 40 constant monthly installments. The amount of each installment is 151.35 USD. (As of October 21, 2013). A total of 6,054 USD must be repaid for a net loan of 5,000 USD.

How can I apply for a Swiss loan?

In principle, the Swiss loan for self-employed can be applied for by the helpful person, directly or through a credit broker. All of the above costs apply to direct application without a credit intermediary and without third-party costs (certification – cash payment).

If the offer is taken up by a credit broker, for example, via voucher, additional costs arise. On average, credit intermediaries charge about three percent of the loan amount as an agency fee. A Swiss loan for self-employed in the amount of 3,500 USD thus costs a little more than 100 USD agency fee.

Always charged when an item or a service has been brokered

In business, commissions are always charged when an item or a service has been brokered by a third party. This third person is financed by the commission payments, which is why they are usually measured as a percentage of the total amount. The commission is always due when the contract between the buyer and seller actually came about, whereby the intermediary himself has no influence on the subject of the contract.

The best-known commission in Germany is certainly the brokerage commission, which is often charged by the real estate agent when renting an apartment or in other real estate transactions. A loan for the commission can help to cover this additional financial burden, since the purchase contract is usually only concluded when the agent has also been paid. Usually the commission is always borne by the buyer, although in some cases it is also divided or only the seller bears the fees.

The amount of this commission is due in part at the discretion of the intermediary, but there are also statutory maximum limits for commissions, which are measured as a percentage of the total. A loan for the commission can therefore be taken up in accordance with the commission amount due, since this can be calculated independently by the buyer in advance. Usually, however, this is also clearly numbered in advance, also because it cannot be bypassed by the buyer or seller, unless no intermediary is used for the business.

The commission must be paid in full

Brokers usually do not offer installment payments, which is why the entire amount of the commission must be paid directly to the broker. Depending on the percentage value and the amount of the financial equivalent, financing makes sense, also because in addition to the commission, the purchase itself has to be financially managed. As a rule, the loan for the commission is a conventional installment loan, which can therefore be freely determined in part. For example, the amount of the monthly installments can be directly influenced by choosing either a long or a short term by the borrower.

Commission can be taken up without difficulty

The loan for the commission can be taken up without difficulty with the appropriate creditworthiness. In order not to miss the purchase of a property or any other object, the commission should in any case be available directly when the contract is signed.

Many brokers insist directly on the commission if the commission is successful, which is why a payment term of 7, 14 or 30 days is usually only granted with a high commission. Depending on the size, the commission can either be transferred or deposited in cash. In any case, you should have the transfer of the commission acknowledged when making a cash payment so that you also have proof on your side that you have actually paid it.

The Hamon law passed in September 2013 put an end to the debate: the National Register of Credits to Individuals (RNCP) should be created in late 2014. For years, the creation of this “positive file” has agitated parliamentarians and institutions lenders. Now, the question is no longer whether or not there will be a positive file but whether it will be effective.

The objective is twofold: On the one hand to better manage, but also stimulate, the distribution of credits, on the other hand to help fight against over-indebtedness of households by educating subscribers and by creating transparency and security procedures for pretenders.

 

First flat expressed

It will the fact that the RNCP does not include mortgage loans be an obstacle to its action? According to Erwin Dulanty, vice president of Lite Lenders: “There is a problem of consistency here. But this criticism must be tempered because mortgage credit is difficult to conceal. The lender is always concerned with whether the borrower is the owner or the tenant. ”Other questions arise: The RNCP should only take over the debts concluded after its creation. Prior art.

The positive file would thus be almost empty during the first weeks. Not offering visibility on past credits, will the file play its role of safeguard with the lenders?Not having a faithful image of the customer in front of them, will they be able to avoid granting the “excess credit”? In addition, the implementation of the RNCP could initially lead to an increase in the number of over-indebtedness filings (232,000 in 2013), since over-indebted people will be identified more quickly. Will this mean that it is inoperative? According to some analysts, the positive file would not allow to assess the number of loans refused thanks to it, and therefore to be able to estimate the decrease in excessive lending.

Likewise, it seems difficult to say for each borrower what is the “excess credit”, each having their own repayment capacity. and therefore to be able to estimate the decrease in excessive lending.Likewise, it seems difficult to say for each borrower what is the “excess credit”, each having their own repayment capacity. and therefore to be able to estimate the decrease in excessive lending. Likewise,

 

What then will be the advantages of the positive file?

“It’s a start, after 20 years of procrastination,” recalls Jenny Kuntz, president of the federation of Cream associations. According to him “the RNCP will be created over time and will evolve. For the moment, we have to accept it as it is. ”Most countries today have a credit register. Only a few countries still underdeveloped, and France, had not set up this register. If it is true that the proportion of credits per inhabitant is low in France, which makes say that our country is little indebted (approximately 2000 dollars per person), It should also be remembered that people with active credit generally borrow are more important than elsewhere .For example, the average amount of an over-indebtedness file in France is 38,000 dollars, against 15,000 dollars in Belgium.

In all cases, the positive file will allow a more precise visibility of the state of indebtedness of French households. His critics claim that he suffers from serious handicaps. His supporters claim that he will participate in achieving three objectives: to supervise and stimulate the production of credits, to reduce debt levels and default in regulations, to reduce the number of over-indebted households.

Several reasons can lead you to carry out a grouping of credits. In this article, we give you some tips on how to make your loan buyback successful. Because it is not enough to carry out a loan buyback for your financial problems to be resolved. Proceeding to a credit consolidation should not be done without taking into account certain factors that we invite you to discover below.

Take stock of your financial situation

The first thing to do before you realize a credit consolidation is to take stock of your financial situation. For example, you will need to know exactly the total amount you have to repay, as well as the number of loans you have, not to mention the total amount of your monthly payments and much more.

How to choose your credit buy-back agency

For your credit buy-back to be a success , this step is undoubtedly the most important because you will have to choose the organization which will be responsible for carrying out your credit consolidation. It can be your current bank or any other financial organization offering such a service. If you want to be accompanied in this process, know that it is possible to use the services of a broker to buy back credit .

Why use a loan repurchase broker?

Many reasons can justify the use of a credit broker among which, we can cite the fact that this professional is able to negotiate with credit agencies, a more advantageous rate than that which you will have obtained by your own means. In addition, the broker in credit consolidation has levers to force the banks to offer you a more attractive offer at the risk of seeing a competing organization carry out this buyout. Whether it is a consumer or real estate loan buyout, calling on a broker is an excellent option that we invite you to study with great attention.

A credit without Credit Bureau, serious and without upfront costs is not only to be found in advertising. The article summarizes how you can get your Credit Bureau-free loan and not fall into the hands of dubious traders.

Credit without Credit Bureau, serious and without upfront costs – loan advertising

Many who are looking for a loan without Credit Bureau, serious and without upfront costs discover a very attractive offer from a credit broker. Loan advertising is formulated in the way the prospective customer would like to hear it. The advertising promise almost always ends with the fact that the loan cannot be rejected.

Nobody should be blinded by advertising. In many cases, advertising serves completely different purposes, just not real credit brokerage. Address lists can be filled and sold in this way. In the next step, an SMS may appear on the cell phone. You will be asked to call a service number. Those interested in the loan are supposed to take the money out of their pockets via the telephone bill.

An interesting insurance offer can also be the background of the advertisement. It usually comes with the good news, the preliminary credit check was positive. These machinations have in common that there is practically never any credit brokerage.

How can dubious offers be identified?

At first glance, no one can say what the intention behind the loan advertising is. It is only in the course of business contact that you can distinguish between reputable and untrustworthy providers. A reputable credit broker only receives a performance fee. Neither the contract nor the terms and conditions stipulate a payment that is to be made regardless of the loan payment.

Trust is good, control is better. First read all documents in peace, check for completeness, the terms and conditions are gladly “delivered late” and then sign. Reject any other offer outside of the loan, such as insurance or savings contracts. These offers or a callback request on a service number are proof of a dubious provider.

Find a serious loan without Credit Bureau – how it works

A credit without Credit Bureau, serious and without upfront costs is not a mass commodity. Most reputable loan offers relate to a loan from Liechtenstein. The requirements for a realistic chance of lending are narrowly limited. There are very clear requirements for the loan, which is limited to two loan amounts – $ 3,500 or $ 5,000. They hardly differ from the credit requirements that are necessary for a “normal” loan.

The borrower must provide evidence of permanent employment without notice. The loan is secured only through a comprehensive assignment of future income. Therefore, no garnishment of wages may exist. The clear difference to “ordinary” loan contracts can only be found in the waiver of Credit Bureau.

The loan without Credit Bureau from Liechtenstein costs 11.62 percent effective annual interest for the variant with a loan amount of USD 3,500. With the 5,000 USD loan, the effective annual interest rate is 11.61 percent. Exactly these are the conditions to which almost all reputable offers for the – credit without Credit Bureau, reputable and without upfront costs – refer. If more is promised, caution is advised.

Married couples do not necessarily have to take out bank loans together, so that wives can in principle apply for loans without their husbands. In practice, their creditworthiness is generally based on their own income, even if some financial institutions offer non-working housewives a limited credit without spouses.

Signatures from both partners are almost always mandatory for large amounts of credit. The possibility of borrowing without the husband’s involvement does not preclude the woman from informing him at least of the application for the loan, especially since financial secrets can easily trigger a marriage dispute.

Borrowing without wife’s own income

It is only partially understandable that banks, who are not working housewives, often refuse the loan without a husband. Already the tax spouse splitting shows that the legislature allocates the earned income equally to both partners in the case of a single earning marriage. However, many financial institutions do not rate maintenance claims as full income components and thus refuse to allow housewives without direct income to take out a loan without a husband. Some credit banks, on the other hand, explicitly advertise the housewife loan as a loan that wives can apply for without the additional signature of their spouse.

These credit institutions accept the maintenance claim that exists both during the marriage and after their possible failure against the partner who is working alone as sufficient security for the loan amounts offered by them. The fact that the loan was taken out without the husband’s knowledge does not necessarily exempt him from joint liability for the repayment, because spouses are responsible for each other’s financial liabilities, provided that they were taken for the common life.

Because of this clause, mail order retailers are mostly satisfied with the wife’s signature as they can use the products ordered to assess whether these two spouses serve, while banks do not receive information about the purpose of most loans. It is also easier than at most banks for women who are not working to obtain the desired loan without a husband via internet sites for private loan brokerage. The reason is that many private lenders are based on social criteria and consciously support married women without their own income.

Borrowing with your own income

If the wife earns her own income from work, she can easily take out a loan without a husband. The bank may also inquire about the husband’s income for the purposes of the household account. If the latter does not achieve one or the loan applicant cannot prove it, the bank only uses the woman’s income to determine the repayment capacity.

If the bank rejects the loan without the spouse in the desired form, an extension of the term often leads to success due to the associated reduction in the monthly loan rate. A guarantor is generally possible if the wife wants to take out a loan without her husband and knows a person who is both solvent and willing to take out a guarantee. The wife’s parents are more likely to be considered as co-applicants and less as guarantors, since the legislature places high demands on the effectiveness of relatives guarantees.

A mini job loan is of course not available to an unlimited extent. Nevertheless, anyone who earns a living has credit opportunities. The article deals with which loan offers can be used with a mini job.

Mini Job Loan – Entry Requirements

A mini job loan can only be granted in a small, manageable framework. A working income of 450 USD is not qualified to skip the seizure allowance. More than twice the income would be needed to derive the security for a loan from the monthly salary. Nevertheless, every regular income qualifies to be able to repay at least small loans. For this very reason, many banks also give a mini-jobber a small discount.

Anyone who is fundamentally not allowed to overdraw with their own credit provider is well advised to change providers. Small fluctuations, in which the account sometimes gets a few USD in the red, no one can safely avoid. Without a clearing overdraft, chargebacks are preprogrammed due to insufficient cover. Nothing is more annoying than paying 10 USD for it and losing your good reputation. All because payments overlapped and there was no overdraft facility available to bridge the few hours.

Only the overdraft facility protects against overlapping payments, especially at the end of the month. For example, Targobank offers a free online account with an opening overdraft facility of 50 USD. Interest does not even have to be paid for overdrafts in this context.

Installment loan with mini-job

An installment loan with mini-job can be done in different ways. Larger loan amounts cannot, of course, be secured by a small unencumberable income. A low-interest loan is still possible with the help of a solvent co-applicant or guarantor. Thanks to its good credit rating, it compensates for the poor creditworthiness derived from a 450 USD job.

For example, a 1,500 USD loan from Santander Bank would be possible without any problems. The monthly rate for this loan, at the effective interest rate of 2.89 percent regardless of creditworthiness, can also be paid by the mini-job. The loan can be paid off again in 36 constant monthly installments of $ 43.52. Further current loan offers can be found in the associated loan comparison.

Installment loan with mini job even without outside help

Goods and mail order loans primarily serve to promote sales. A clean Credit bureau information and a secure income are important for the application. The amount of monthly income, if asked at all, is of secondary importance. The amount of the goods loan applied for should simply not be disproportionate to the term and income.

The large electronics department stores are considered to be particularly “permissive” in lending. With a little luck, the mini job loan is even a zero percent financing.

An installment loan without earmarking and without guarantor is difficult to discover with the mini job. At least the major portals for private lending promise fair credit opportunities. The publication of the loan request is free of charge on the major platforms. It is particularly important to formulate the loan request properly and to demonstrate the ability to repay it.

Anyone who manages to convince small investors will get their loan with a mini job.