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Credits in several banks and repurchase of credit?

You find that your monthly payments are much too heavy and you have the feeling of being asphyxiated financially? Read for a critique

Fortunately, the purchase of credit is an effective solution for all your financial problems. But before taking the plunge, this handy guide introduces you to how credit restructuring works and the means to take full advantage of it.

How does the credit redemption work?

How does the credit redemption work?

The repurchase of credit is a financial solution that responds to any situation of excessive debt. In fact, it makes it possible to reduce the monthly payments of all current credits and to reduce the sum total of the monthly repayments.

This solution consists in reconstituting in a single credit all loans already in progress, with lower interest rates.

With the advent of the internet, the request for credit redemption can be done directly online. Be that as it may, its principle remains the same: you go to a financial institution other than the banks that originally gave you the funds.

He then pays all the credits to several creditors, despite being of different natures, and replaces them for a new contract at a very attractive rate and for a longer duration.

The course of the repurchase of credit

The course of the repurchase of credit

Discover the progress of a credit consolidation operation:


This encourages you to make direct contact with the bank or broker to start the operation. In general, it consists of providing all the essential information such as the number of existing loans, the household income, tenant or owner …

For a request from the bank, the credit restructuring is not necessarily in the attributes of your bank advisor. However, if the product is not offered by your local bank, your advisor can redirect you to a specialized subsidiary and others. Do not hesitate to consult online banks that offer more and more financial products.

If you use a broker, you have several options, including via the internet.


Depending on the information given, an adviser appreciates or not the feasibility of your operation. The essential points are, of course, the debt ratio before and after the proposed credit consolidation.

If the operation is profitable for your profile, your file can continue and go into the editing phase. Know that professionals have a duty to advise, but ultimately, for your operation to be successful, it is your duty to know your situation in every detail.


You are now at the heart of the operation. Here, it is a question of precisely quantifying the total amount of your new credit.

To do this, you must first provide the following supporting documents:

  • Proof of address: a photocopy of less than 3 months bill of electricity, water, gas, internet, etc.
  • Proof of identity: photocopies of identity cards, family record book, marriage or divorce contract
  • Proof of income: the latest payslips, proof of unemployment benefit, pension, tax notice
  • Proof of housing: rent receipts, tenant’s housing tax or title deed, as well as the estimate of the property
  • Proof of debt: debts to the tax authorities, the employer or the family …
  • Loans in progress: amortization tables for personal loans, home loans or revolving credit
  • Bank account: the latest statements from all current accounts
    In general, when these items are in the hand of the lender, the next step is the signing of the search warrant. This document authorizes the banking institution that takes care of your file to contact credit providers on your behalf.

The appreciation of the restructuring offer

At this point, you must have several credit buy offers after several requests from multiple institutions.

Among the offers, the goal is to choose the one that best suits your needs. For the cheapest offer, you must take into consideration certain parameters such as the total amount, the sum of the monthly payments, the fees in case of early repayment, the repayment period, change of establishment …

Please note that the reflection period is 14 days, in other words, you will not be able to accept the offer of your choice before the expiry of this period.

The release of funds

Once your offer is finally accepted, the institution holding your new credit redemption will pay for all outstanding credits.

If the product is accompanied by a new cash loan, the amount of the credit is also paid to the current account at the same time.

Generally, between the first step and the payment of the funds, the operation of the restructuring takes a minimum month.

The different types of eligible credits

The different types of eligible credits

Credit consolidation can be valid for all types of consumer credit:

  • Auto credits
  • Works credits
  • Personal loans
  • Renewable credits
  • Mortgages
  • Bank overdrafts

Credit Redemption: Benefits

Credit Redemption: Benefits

By subscribing to a credit pool, you can offer a number of important benefits. As your monthly payments are reduced, you can release new funds for your projects.

In addition, with this rate going back below the 33% mark, you still have the opportunity to borrow again. You can also simplify the management of your current account thanks to a single monthly payment and fixed date.

The credit redemption allows you to enjoy a lower rate, as well as a check of bank statements. It is accessible to anyone with loans in progress and immersed in a situation of over-indebtedness.

Indeed, the solution is open to the owner to the tenant, to the person accommodated or housed by his employer.

How to calculate the credit redemption?

It is sufficient to add the remaining principal due to date for each of your loans using the amortization tables and the last statement of each cash reserve. Credither, a company that repurchases credit, will calculate the redemption of credit by including the application fees and any prepayment penalties.

The calculation of the repurchase of mortgage

The calculation of the repurchase of mortgage

In a mortgage repurchase, there is more than 60% mortgage. To avoid the penalties of early repayment, it is interesting to renegotiate his mortgage with his bank. But this one can refuse because of your current rate of indebtedness too important. In some cases, it is imperative to buy back your mortgage to add the balance due to your ex-spouse. Indeed, the consolidation of real estate credit allows the redemption of balance.

Once the outstanding capital has been added, the prepayment penalties must be added: 3% for real estate loans and 1% for consumer loans whose remaining capital is greater than $ 10,000.

To this will be added the notary fees for the implementation of the mortgage, the file fees of the bank and the expenses of intermediary (also called search warrant of capital).

The credit redemption simulator will tell us a credit simulation with the fixed rate and the new monthly payment.

Calculate a buyback of consumer credit

Calculate a buyback of consumer credit

You want to avoid a mortgage loan or you are renting or hosting for free. You do not need the services of a notary for your loan buyback. All you have to do is add up all the outstanding capital of all your outstanding loans, add the 1% prepayment penalties for consumer credits in excess of $ 10,000 (except for cash reserves), d also add overdrafts and debts or late bills. At this amount, the processing fees will be calculated and included in the financing.

The credit redemption simulation will indicate the new monthly payment and the duration of the loan redemption.

A cash surrender credit shows the first elements such as the new monthly payment, the term and the rate. But each file is unique and has a particularity. That is why it is better to talk about your situation over the phone for better understanding.

Use a Loan Redemption Calculator

Using a loan redemption calculator is very simple. You must first have gathered all the figures to indicate. Namely, your regular income, the monthly payment of the mortgage or the amount of your rent and all of your credits conso. We are here to question all the banks buying credit to really reduce your debt ratio. A critique at

For what purpose do you use a loan redemption calculator?

For what purpose do you use a loan redemption calculator?

You have accumulated too much credit and your debt ratio has become excessive. By making a simulation of credit redemption, you will get a new monthly payment that will respect your normal borrowing capacity, ie 35% or even 40% maximum of your monthly income.

You are looking for the bank that will accept your mortgage application. The first mortgage simulations carried out show you very interesting credit rates but the debt ratio is about 35%. You will have to make a consolidation of consumer credit so as to minimize your debt and renegotiate the obtaining of your mortgage.

A credit redemption simulator also allows you to see the gain made on the monthly payments and thus to prepare a transition to retirement with a significant loss of income. The easing of the deadlines also makes it possible to manage much better its budget and to save in order to face the hazards of the daily life.

How to apply for a loan buyback?

How to apply for a loan buyback?

Whether for a real estate loan redemption or a consumer loan buyback, New Loan is a credit restructuring organization specializing in loan redemption. You must indicate in your online credit surrender application the total amount of outstanding capital that you will find on the amortization schedules of the amortizable loans or on the last statement of each cash reserve.

We have at our disposal a specific loan simulator to study the credit simulation loan loan most suited to your budget.

You can also reach us by phone and we will do a detailed study for free. We will be able to answer all your questions.

Non-bank loans – everything you need to know about them

Non-bank loans are an opportunity to receive the money you need at an express pace. There are many benefits, but we are still ashamed to talk about payday loans, despite the fact that we have become accustomed to talking loudly and openly about loans and bank loans.

Meanwhile, it is the same financial product as any other, only the terms of cooperation with loan companies differ slightly from those we know from banking procedures. Not only that – contrary to what we think, more and more Poles, having a choice of a bank loan or payday loan, are choosing the latter. Why is this happening? What else do you need to know about loans in parabanks? 

Non-bank loans


Non-bank loans are an alternative to bank loans that loan companies offer to their clients. These include long-term and short-term products. They are targeted at customers who need a quick cash injection. It happens that a non-bank loan is the last resort for people rejected by banking institutions. Why? Lenders set less stringent criteria for their clients. Very often to receive non-bank cash loans, all you need is a device connected to the internet, ID card and basic knowledge of your financial situation.

A quick non-bank loan is possible thanks to the transfer of application forms to websites. Many lenders guarantee that they will receive the money within 15 minutes of accepting the application. Special identity verification applications are an increasingly common alternative to micro-flows, which allows you to bypass elixir sessions that have extended the waiting time for contract finalization. However, still not all non-bank loans provide the opportunity to take advantage of the latest solutions. Despite this, in traditional conditions we can count on receiving cash within a maximum of 24 hours.

Non-bank loans – types

Non-bank loans - types

Based on the opinions of friends or those that are available on internet forums, one might think that the term “payday loan” means only one type of loan. We borrow several hundred zlotys, we get 30 days to pay back and the end of the topic. Nothing could be more wrong. Contrary to appearances, the non-bank loans sector is very extensive and in addition to containing, let’s call it, classic payday loans, it also offers installment and long-term loans – also in the online version.

We have a chance to tailor the product to your needs and financial capabilities. You will admit that it sounds exactly as if we were talking about a bank loan. An additional advantage is that loan companies do not close their doors to customers who either have little income or are already paying back some credit and paying a high installment every month. Of course, they will check every potential borrower in the Credit Information Bureau. However, it is extremely rare that it affects the final credit decision.

Installment loans outside the bank

Installment loans outside the bank

Not only banks offer installment loans to their clients. It is true that in their case it is a much cheaper solution (the interest rate usually does not exceed 10%), but not everyone can use it. I am talking about the debtors mentioned above. They must get over that the cost of such a non-bank loan in installments, e.g. in Providence, for larger amounts will be even twice as high as the loan value. If we decide to cooperate with Good Finance and submit a loan application for PLN 10,000, the total cost of the loan will be over PLN 22,000, assuming 48 installments. Their repayment time will also not be up to 9 years, as it happens in banks. The debt should be settled between 2 and 48 months.

Let’s pay attention to this issue, because some companies, like Profi Credit, allow you to take payday loans for a period of 3 to 36 months. Underestimating such differences can be very painful for us. Remember that long-term non-bank loans carry more financial risk than their 30-day counterparts.

Security With Mobile Internet? Information and data security – Loans Finance and Money

Here you will learn about security with mobile internet and what challenges lie with this with the use of mobile internet today. It is a known matter that this has become more and more common and it will only continue to increase in scope in Norway in the time ahead.

Enough and Good loan for you.

Credit loan

What is important to think about is whether your security is good enough when, for example, you are traveling and connecting to the wireless network at hotels, airports or other public places? If others gained insight into what you were doing over the web here, this would be a major security threat.

Everything about your loan.

credit loan

In this guide on security with mobile internet, you will learn how criminals can steal information from us when connecting to the wireless network. We can mention that these e.g. operates to set up fake networks, where they trick you or other victims into believing that this is a secure network. This way, they can obtain information such as usernames and passwords, read your email or generally see EVERYTHING you do online, even what images and websites you visit.

Watch the complete video on network security today.

credit loan

Sandland also tells in this video how criminals can trick you into thinking you are going into your online banking, while actually logging into a fake online bank, where you are then stolen for passwords and codes.

So what can one do to stay safe on the mobile internet? One thing to do is to use a so-called Virtual Private Network (VPN) connection. In other words, this is a virtual private network. Here all information is encrypted.

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Saving for child or grandchild the highest savings rate

Are you going to save for a child or grandchild? Then you want a good return without major risks. 5 tips for a nice savings account for child or grandchild. has more information

Open a savings account for a child

Open a savings account for a child

Parents and grandparents traditionally open a savings account for the child or grandchild at birth. On his or her eighteenth birthday he or she has a nice amount of savings together. The study of the child or grandchild is also a popular saving goal.

Saving for a child with a higher return

Saving for a child with a higher return

How can you save for your child or grandchild, with a higher return, without running any risks ? We have listed the options.

Saving for child with conditions

By making agreements with your bank, you can increase the savings interest for your child.

  • Savings account for children: many banks have a special savings account for children. In addition to a slightly higher interest rate, banks often offer a present on closing or a premium on the eighteenth birthday. (Compare child savings accounts)
  • Fixed deposit: if you deposit a fixed amount per month, you will receive a higher savings interest for your child. Please note: you must be able to miss this amount for the entire duration. (Compare monthly savings)
  • Fixed duration: by securing the savings for your child for a longer period in a deposit, he or she will receive a higher interest rate. It is then not possible to deposit or withdraw money. (Compare deposit savings)

Investing for a child with a limited risk

In many cases investing gives you a higher return. However, you also have the chance of a negative return. Of course you do not want that when investing for your child or grandchild. With fund investing you choose whether you want to invest with more or less risk. The advantage is that the share package is composed in such a way that you have little to worry about.

Child savings account name


The name of the savings account for the child determines who has control over the savings. If you want the account to be in your name first and after the eighteenth birthday in the name of your (grand) child, then a BEM clause can offer a solution. Grandparents need parents’ permission to open a savings account in the name of the grandchild.

Tax for saving for child or grandchild

Tax for saving for child or grandchild

Transferring money to your (grand) child is seen as a gift. In 2017, parents up to $ 5,320 and grandparents up to $ 2,129 can donate tax-free (regardless of age) under the gift exemption. Partners are seen as 1 person. If you donate above the exemption, the recipient pays tax on this amount.

To stay within the gift exemption you can choose to give the amount in parts to your child or grandchild. In 2017 a higher gift exemption applies if you donate for the home or mortgage.

For the capital gains tax, the savings of the child (up to the age of 18) are added to the assets of the parents. In 2017, assets up to $ 25,000 (with a tax partner $ 50,000) are exempt from tax.

How much do you save for a child?

How much do you save for a child?

How much you will save for your child or grandchild depends first and foremost on how much you can miss. On average parents save $ 50 per month for their child. If you save for the study of your (grand) child, you must take into account an annual $ 2,006 tuition fee (2017 – 2018 academic year). This amount increases annually by a few percent.

Borrowing for a renovation – Compare renovation loans


Do you want to borrow money for a renovation? Compare all renovation loans for the best offer. By clicking on calculate you immediately see how much you can borrow for a renovation. You can also request more information about the loan. More commentary at

What is a renovation loan?

What is a renovation loan?

A renovation loan is a consumer loan with a number of specific characteristics:

  • A longer duration, so that a lower monthly payment can be achieved.
  • A fixed interest and monthly amount, so that the interest (subject to conditions) is tax deductible.
  • In addition, a number of lenders offer a lower interest rate if there is an owner-occupied home.

Increase renovation loan or mortgage?

Increase renovation loan or mortgage?

Borrowing money for a renovation can also be done by increasing the existing mortgage. However, due to the longer term and tax deduction, the cost difference between a renovation loan and a mortgage has become smaller. In addition, no closing costs are charged for a refurbishment loan and no notary and appraisal are required.

Because the mortgage interest rate is still lower, a mortgage remains interesting with a high loan amount (from 25,000 USD). At lower loan amounts, speed and free closing with a renovation loan may be preferable.

Renovation loan next to a mortgage

Borrowing money for a renovation is not always possible

It is not uncommon for a renovation loan to be taken alongside the mortgage in order to be able to borrow more. Because the maximum mortgage is based on a term of 30 years and testing for a fictitious burden, it is sometimes not possible to borrow extra. A renovation loan has a shorter duration and is tested against the actual credit burden. This allows more to be borrowed for a renovation.

Calculate here how much you can borrow with a consumer credit.

Borrowing money for a renovation is not always possible

Borrowing money for a renovation is not always possible

A renovation loan is therefore also tested on your income. In addition, the various lenders have a maximum age at which you can borrow money. The maximum age for a renovation loan is currently 74 years.

Renovation of financing: options for people over 55

Financing a renovation difficult?? These are the options for people over 55 to increase their mortgage and to take out renovation work.

A renovation enhances your living pleasure. In addition, it can make your house future-proof, by making it more sustainable or being able to live at home for longer. Renovation is also a major investment.

Different ways to finance a renovation

Different ways to finance a renovation

There are various ways in which you can finance a renovation. Savings are high on the list. The savings interest is now very low, so you don’t have to leave it at that. Renovation contributes to the home value and with a bit of luck you lift more on the house price rise. By financing your renovation with savings, you still make a little return.

Borrow for a renovation

Borrow for a renovation

If you do not have the savings or do not want to spend it now, you can borrow for a renovation. For people over 55 there are a number of things to take into account.

Financing renovation with a mortgage

You can finance a renovation by increasing your mortgage. The new mortgage amount must then fit within the current mortgage standards. This can be a problem for people over 55. Banks already take your (lower) income after retirement into account 10 years before the state pension age.

To finance your renovation with a mortgage, there are two options.

  • Various lenders offer mortgage products with which you can redeem your surplus value at a later age.
  • With a mortgage with NHG, broader test standards of 10 years for the state pension age apply.

Partly due to the low mortgage interest, financing a renovation with a mortgage is interesting. However, you must take into account advice and / or closing costs. We recently received the following question from a reader.

“I need $ 10,000 for the renovation of my home. For that advice to the SNS I have lost about $ 2250.00 in costs. How can that be prevented? “

Close a renovation loan

You do not pay any closing costs for a renovation loan. In addition, homeowners can choose a longer term and the interest is, under certain conditions, deductible. A refurbishment loan is tested on your income and you can close it next to the mortgage.

Lenders apply a maximum age until you can take out a renovation loan. This age limit has become considerably wider in recent years. At astro the age at which the loan must be repaid is 74 years, at Credither even 78 years.

If you do not fit within these standards, there is still a possibility to finance a renovation. The Housing Fund (SVn) offers loans, including the ‘permanent loan’ for pensioners.

Banks Weds credit line

Bank Weds, like most other banks in Latvia, offers its customers a credit line service. A credit line, of course, is a small, bank-issued loan that is credited to the account where you receive your paycheck. The size of the credit line is commensurate with your monthly income. The bank started offering this service around 2000, when the richest citizens could take, for example, 200 lats. In this article we will briefly look at the credit line services offered to Latvian clients by the largest Swedish bank. Read for a critique

Bank Weds credit line at a glance

Bank Weds credit line at a glance

  • Eligible from age 18;
  • Income must be more than $ 500 after tax;
  • To apply for the service, you must receive a salary in your Bank Weds account;
  • The loan is available in USD starting from 700 USD;
  • There is no need for a pledge, surety or similar, as the loan is guaranteed by your monthly income;
  • The loan is automatically canceled when money is credited to your account.

You can apply for a credit line through Bank Weds Internet Banking, but even though the agreement is available in person, if you really want to connect to this service at the bank, you just have to consider that the service costs will be much higher. You can also sign up for the service via telephone banking.

Why apply for a credit line?

Why apply for a credit line?

The credit line is a good substitute for “quick credit”, and if you already have an account with Bank Weds, the service is great and you can use it whenever you want. Interest rates are higher than consumer loans, but lower than fast loans. A credit line is kind of a guarantee for off-white days because, for example, if you have to pay for healthcare or whatever, the credit line will be available immediately. On the other hand, it is worse on off-white days than savings because you will have to return the credit line unwantedly, and if you lose your monthly income you will probably not be able to repay it (unemployment benefits are quite small and short, though).

In short, a credit line is a good short-term loan for the time you are in a stable position, but you may need some money to spend urgently. A credit line can be your guarantor during your travels; your assistant when it comes to paying for health care or buying food; your trusted travel companion, unless you forget that you don’t have to buy anything you don’t even need.

Bank Weds Credit Line Rates (early 2015)

Bank Weds Credit Line Rates (early 2015)

  • Annual service fee – 7.11 USD;
  • Credit processing – 0.75% of the amount, but the minimum fee is 10.67 USD;
  • Loan interest – from 20% per annum;
  • Changes in credit agreement – 7.11 USD;
  • The given data is up-to-date when managing your contract in the Internet Bank.

A credit line should be used wisely because, while it can be a very good loan and a good fit in stressful situations, it is essentially a payday loan, which can also be a very bad thing if you need money when your monthly income is threatened or lost. In this sense, it is no different from instant credit, as both are guaranteed with monthly income.

Google Chrome Browser – Loan Finance and Money

Ampa App, a new open source browser, designed to give users a better online experience. The new Ampa App browser is available in over 43 languages. Ampa App is a new way of getting readers based on the simplicity and strength that users now expect from their Ampa services.

 Ampa App is designed to provide a seamless online experience. 

credit loan

In the early Internet days, pages of text consisted mainly, but today the Internet has become a powerful platform that allows users to work with friends and colleagues via email and other web applications, edit documents, watch videos, listen to music, has internet banking and much more. Ampa App built for our time, the Internet, and tomorrow’s apps.

“We see the browser as a window to the Internet – it’s a tool that interacts with web sites and programs they care about, and it’s important that we don’t get in the way of the experience,” says Sam Adamson, Ampa Product manager. “Like the classic Ampa homepage, Ampa App has a simple user interface with an advanced kernel suitable for the modern web.”

The App core includes a multi-platform that provides increased stability and security.

credit loan

The users’ web experience needs to be improved Ampa App is designed to make it easier for users to search and navigate the web for the content they’re looking for

– A combined search and address bar quickly leads the user to the desired web page – often simply by typing a few characters.

– When a user opens a new page in Ampa App, a snapshot page of the user’s most visited sites, past searches, and bookmarks is displayed to make browsing the web easier.

– Each of the browser categories act as a separate process. If a page on a tab crashes or causes a problem, then the other tabs run stable outside of impact, and we can continue to work without having to start Ampa App.

Ampa has also developed a new LanaScript engine, V8, which not only gives impetus to today’s Web applications, but also allows the use of a new class of web applications that would not be able to run on today’s popular browsers.

Development of new readers through open collaboration

Development of new readers through open collaboration

“Although we experience App as a fundamental change in the way people think about browsers, we realized that we couldn’t develop Ampa App alone,” said Amadi Luyahon, Ampa’s technical chief. “Ampa App has been developed based on other open source projects. And these have contributed in a new way to reader technology, and promoted competition and innovation. ”

To further promote openness on the Internet the launch of Ampa App as an open source project. The intention is that Ampa will help improve future browsers by releasing the underlying Ampa App technology to others, while Ampa to further develop more features to App.

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