Archive October 24, 2019

Loans without credit check?

This is something you should not expect to find at all. In the past, not all lenders looked up those who wanted to take a micro loan, but this is no longer the case. Lenders must do a credit check. If they fail to do so, they will not follow the rules imposed on them as lenders.

That the lenders do a credit check should be

That the lenders do a credit check should be

Seen as something positive as it only means that they look up if the economy is strong enough to be able to borrow the money or not. If this test shows that there are not sufficiently large financial muscles, it is also not a good idea to borrow money as this can lead to much bigger problems in the future.

Therefore, if you are denied a loan, you should ask yourself why this lender does not think you are a good enough customer for them to want to lend money. Their goal is not to deny applications if they think the applicant’s finances are good, since then they do not make any money. Maybe this is a sign that you should not borrow any money.

Differentiates different lenders is their way of testing


Whether someone should be approved or not. Many lenders, for example, automatically reject an application for active payment remarks. Others approve these applications if the economy is otherwise good. It is often the larger banks that have rules that say that applications from persons with complaints should not be approved.

Now it should be said that it can be possible to borrow from these too if there are remarks, but this is not common and a personal meeting is then required where you explain your situation. However, do not expect to be approved even if your finances are very good. If you have complaints, it is instead the lenders who have focused on these types of customers that are the biggest chance.

Then there may also be differences


In the requirements that are made depending on the size and type of loan. It goes without saying that there is no need to impose as stringent requirements on someone who is to borrow USD 10,000 as someone where a loan of 5,000,000 is on the wallpaper. If there is something that can stand as collateral (eg a house) this also affects what requirements are set.

All in all, a credit check is therefore a good thing as it is to secure the borrower’s finances. This is something that both the borrower and the lender benefit from.

Money – Borrow money without credit

The world we live in today is all about just one thing, namely money. Without money it is not possible to live and to meet the many costs that daily life entails. Making money is of course the first thing to take into account, but also the periodic saving of a certain amount of money is important to guarantee a good future. Would you like to know more about this? Then read on and discover everything about not only saving money, but also borrowing money.

Save money

Save money

Nowadays it is no longer obvious for many people to be able to save money. The reason for this is not far to be found. The supply of work is under pressure and people are constantly confronted with higher costs. In particular, fixed costs such as water, electricity and the payment of a mortgage put a lot of pressure on the financial situation of many families. It goes without saying that nowadays many people can hardly save anything anymore and that is a shame, because putting a little money aside for the future never hurts. What will happen if you suddenly run out of work or if you fall ill at a certain moment? In such cases, it can be very interesting to know that somewhere there is a savings account with a lot of money waiting for you. If you still want to save a little without feeling this too hard in your financial situation, it certainly doesn’t hurt to try to set aside a small amount every month.

When to borrow money?

When to <a href=borrow money?” />

Basically, borrowing money is not really interesting. Why? Very easy. When you borrow money, you get a certain amount, but you always have to pay back more than you originally received in your account. In other words, borrowing money always costs money and so it is important to try to avoid this as much as possible. In certain cases, however, it is imperative to borrow money. Consider, for example, the purchase of a car or a house. Such investments are so large that nobody can just finance them with their own resources. Anyway, if you are planning to make a large investment, you will first have to prove to the bank that you have sufficient guarantees before you can actually borrow money.

Credit for training

Education is something that is usually worth every penny you invest in it. Those lucky enough to receive training from the employer need not worry about the costs involved. But if you want to improve your knowledge without an employer, you often need a loan for further education. Special loans for this purpose, however, are few and far between in the market, so any remaining alternative qualifying as credit for training should be scrutinized and calculated.

What options do banks offer?

What options do banks offer?

The way to your own house bank is usually the first to be taken on the way to credit for training. Many credit institutions now have training credits, especially for students, but these are rarely used. Because here are strict conditions that can rarely be fulfilled if you are working or want to stay on the side. Student loans, for example, are linked to the completion of full-time studies and also require that a certain maximum age not be exceeded, up to which the credit can be taken.

Those who want to take up further education in the form of a distance learning course will do so mostly on a part-time basis and therefore find little opportunity to have their studies financed cheaply. But distance universities rarely require that the costs be paid in one fell swoop. Instead, they offer monthly payments that can be funded from current income.

Anyone who is not sure that they will be able to bear these costs month after month should think about taking on a disposition credit. Although this is relatively expensive compared to the traditional installment loan, it can be used much more flexibly. It is best suited as a loan for further education if the monthly income is sufficient to pay for the training, but one wants to maintain a higher level of liquidity in order to be able to resort to larger sums in the event of a fall ,

The credit line is comparatively easy to apply. Often, a short conversation with the bank or an informal letter is enough to enable them to clear the account for the customer. However, because of the higher interest rates, it is recommended that the repayment of the amounts should not be delayed too long. Disbursed loans are more a way to offset short-term financial bottlenecks, but less a solution for medium to long-term funding.

If neither a student loan nor an out-of-date loan qualifies as a loan for further education, there is often only the alternative of concluding a classic installment loan. Of course, this can not be used so flexibly, which is why at the beginning of a larger sum is requested. However, since the cost of training often comes in monthly installments, the excess amount should be invested unless there is a large amount to negotiate that may involve benefits.

Bavarian fee loan

Bavarian fee loan

On the other hand, people living in Bavaria are lucky. An extra-occupational study program can be financed here by a favorable KfW loan. This program was developed especially for working people and is intended to promote their professional further education in the form of a bachelor’s program. This loan bears the name Bavarian fee loan and therefore refers only to the payment of tuition fees incurred.

The amounts are not paid to the applicant, but directly to the university, where it is enrolled. With a borrowing rate of 3.29% per annum and a payout of up to € 3,000 per semester, studies can be financed relatively cheaply with a loan for further education.