Is it possible to get payday loan consolidation

 

Is it possible to get credits for retirees?

One of the most controversial issues during these last months has been the pensions of Spanish retirees.

It is not surprising since many of the retirees of our country do not manage to reach the end of the month with the pension they have.

Many retirees need additional benefits to get a month off without economic problems.

The issue of retirement credits is something that has been left aside.

Retirees also have trouble getting the money they need.

This is due to the fact that many banking entities do not provide loans to people who are receiving a retirement pension.

If you are a retiree and you need to be borrowed money, enter our section of personal loans and request the loan you need.

What is retirement?

The word retirement comes from joy, it is supposed to be a time in which one is dedicated to enjoying the hard work you have done in recent decades.

Retirement can be achieved when you have sources of income that you do not have to earn by working.

Both ” retirement ” and “financial freedom” are achieved when you have enough savings, investment income or pension income to cover living expenses.

So you will not have to work to earn an income.

How to achieve retirement?

To be able to achieve retirement, it is necessary that from an early age (young) you begin to save, at least save 10% of your income every year.

And if you start at a more advanced age (40 and 50 years) save a greater amount of your income, 50% approximately.

Many people do not want to make the lifestyle changes they would need to save enough to afford a comfortable retirement.

An alternative is to consider part-time retirement, where you will look for a job that you like, even if you earn less.

Ideally, that the job pays enough to cover your living expenses.

While you give your retirement time to continue growing, before having to use it to earn an income.

Financing for retired people

The purpose of the pensions is supposed to be the same, the only thing that the current pensions do not allow the retirees to arrive at the end of the month and much less with jubilation.

Sometimes retirees need to apply for a quick loan and do not know where to turn.

If you are a senior citizen who suffers from a shortage of money, you may have trouble acquiring the right amount of financing through traditional banks.

However, all is not lost, as several lenders are willing to give you the financing you need.

In fact, several financial companies are offering loans and financial solutions at a low-interest rate.

So at the time of borrowing money will be much cheaper.

This means that loans are more affordable for those who are no longer employed full time, and for retirees.

There are times in everyone’s life where we can go through bad financial times, and this usually implies the sudden need for financial assistance.

Next, we will show you the financial products you can access as a retiree:

 

Mini-credits for retirees

If you’re just looking to borrow a relatively small amount of money, you could consider the mini-credits.

Many lenders have a maximum age to apply for 65 years, so most retirees cannot access them.

Finding the financing products that make it easier for retired people over 65 is something complex, so we have carried out the search for you.

Loans that are available for retirees

Préstamos que están disponibles para jubilados

There are some different types of personal loans available to you as a retiree.

If you want to hire any of them, you can do it by entering our credit or credit comparison with ASNEF.

Let’s see what these loans are:

Personal loans guaranteed

These loans require that you attach a high-value asset as collateral and, in return, you can borrow the value of that asset as a loan.

Examples of assets include houses, farms, premises, cars, etc.

Unsecured personal loans

In this type of loan, you do not have to attach any asset since it is not guaranteed.

You can use this loan for investment purposes, take a vacation, buy a used car, new or reunify debts.

Loans for cars

If you are looking to buy a new or used car, you can consider a car loan.

These loans offer competitive rates because the car you buy is used as collateral for the loan.

Reverse mortgages

These loans offer you a line of credit, a regular income stream or a single payment when you borrow against the income in your home.

Although traditionally considered as high-risk reverse mortgages, they are now becoming a more conventional debt method.

Do you want to know what is the best financing for a retired person? There are lenders who offer their products to older users who are charging for retirement. Click to tweet

Steps to request a financial product for retirees

Applying for a loan for retirees is something very simple and quick to do.

You just have to follow a few simple steps.

And you will get the money you need to be entered into your bank account in just a few minutes.

To apply for a loan for retirees you must follow the following steps:

  1. Select one of the credits mentioned above by clicking on the request button.
  2. A new tab will open in which you must choose the amount you wish to request and the return period. After that, you must click Next or Request.
  3. A form will appear, which you must fill in with your personal information (Name, surname, date of birth, identity number, etc.). After completing the form you must verify your identity using one of the systems provided for it, just follow the steps indicated by the lender.
  4. Now you only confirm the offer made by the lender so that the process is completed and the money goes to be entered into your bank account.

And you can already have the necessary money, so simple and fast is to request a loan for retirees.

As a general rule, the money will be in your bank account in about 15 minutes.

Although you should be aware that sometimes it may take longer, even up to 48 hours, this will depend on the bank with which you have your account.

Summarizing…

Reaching retirement does not necessarily mean that the credit has ended in your financial life.

It is true that it can be a little harder to find, but fortunately, there are lenders who are willing to offer to finance to people who are already retired.

In today’s article, we have taught you three lenders who are willing to give you this service.

You just have to ask any of them and follow the steps that we have previously taught you.

If you need to request a larger amount, then it is worth looking in our credit comparison.

how can i get rid of payday loans? In it, you will find payday loan consolidation that can serve you. 

You just have to enter and take a look and stay with the one that suits you best.

How you have seen there are many other options available to you, both short-term and long-term.

 

The companies of reunification of debts: a miracle that has trick

The companies of reunification of debts: a miracle that has trick

  • The high interest rates and the high level of indebtedness of Spaniards means that many families can no longer make ends meet.
  • When banks no longer respond, debt consolidation companies may seem like a good solution.
  • However, among them there are many differences and more than one bad apple.
  • In the end, the alleged miracle always represents a high surcharge for the consumer.
  • The government is preparing a law to regulate these entities and to protect the citizen more effectively.
Reunificación de deudas

Typical announcement of one of the companies of reunification of debts, in which it promises to reduce the nensual payments to less than half. 20MINUTOS.ES
"We reunified debts: before 1130 euros, then 500 euros".

This is one of the magical promises with which one of the many companies of debt reunification claims the attention of those who see them and want them to make ends meet.

These particularly vulnerable citizens are increasingly numerous, thanks to repeated increases in the cost of mortgages (at the end of August the Euribor rose for the twenty-third consecutive month) and the high volume of indebtedness of Spaniards, which has grown by 56, 1% between 1999 and 2005, according to Caixa Catalunya.

Like bees to honey

At the end of May of this year, bank customers had loans worth 725,659 million euros, and those of savings banks, 807,452, according to data published this week by the Spanish Banking Association.

According to the most recent data of the INE, the defaults of families and companies of the month of May reached the figure of 936 million euros , 23.3% more than in the same month of the previous year.

The high level of indebtedness is the best breeding ground for companies of debt reunification, whose number has multiplied exponentially

The dean of the courts of Madrid pointed out before the summer that the number of embargo procedures in the city of Madrid had increased by 67% so far this year .

At that point, citizens can not afford their payments and enter the delinquency records, being excluded from the traditional financing circuits.

This difficult juncture is an excellent breeding ground for debt consolidation companies .

Although its number is unknown, it is believed, as sources from the Association of Users of Banks, Savings Banks and Insurance (ADICAE) point out, that they can reach three thousand , thanks to the unstoppable expansion of franchises.

All of them offer, on paper, the same service: they help the indebted person to find a lender entity willing to take charge of his multiple payments (the car, the house, the computer and so on up to the 1,130 monthly euros mentioned above) in exchange for a single monthly payment, of a lower amount (500 euros). In order to make the monthly payment more reduced, a new mortgage loan is signed with the longest possible term or the existing mortgage is extended.

Not all that glitters is gold

However, among all these companies there are notable differences, and even a lot of bad apples, as revealed by Aitor Ibarra, a lawyer from Bilbao who represents fifty people who have lost their homes or who have an embargo order because of one of these companies. .

In almost all cases, intermediaries persuaded their victims to sign bridging loans with private lenders with which to pay their most pressing payments before finding a financial institution with which to reunify the total of their debts. That institution never arrived and the letters that the citizens had to sign, with abusive interests and impossible repayment terms, ended up with an embargo order and in many cases their own homes.

There are many differences between debt consolidation companies and also some bad apples

That was the case of Antonio Soto, a 34-year-old bricklayer who was evicted in Jerez (after signing a letter for 38,200 euros to be paid in six months in exchange for which the lenders liquidated 18,000 euros of their debts, that is, an interest of more than 200% per year ), or that of his countryman Fernando Sojo, also from Jerez, whose father, Antonio Sojo, had to take out a mortgage to be able to stop the seizure of his son's house.

The next could be Rafael Romero, a 38-year-old pizza maker from Rota whose house will be auctioned next Thursday.

Antonio González Cases like these, linked by the need and desperation of those who no longer have more resources, multiply throughout the Spanish geography, as revealed by Antonio González (pictured) , a neighbor from Vigo who fights in the courts to recover his home from 500 square meters located in a land of 10,000 square meters that were auctioned by lenders in July 2006 when it could not deal with two bills worth 44,000 euros.

Antonio founded last December along with other affected AFINES, an association that aims to raise awareness of the problem to the Administration and that according to him already meets about 1,000 victims.

In almost all these cases, as noted by the lawyer Aitor Ibarra, we can speak of usury , an activity prohibited by a law (also called Azcárate) of 1908 that is used precisely by the Bilbao lawyer to try to annul civil interests and achieve that their defendants only have to face the main one. In many of them, the criminal procedure is also resorted to, when incurring in falsification of documents.

A kidney in interests

But even among the reunification entities in which there are no fraudulent intentions the differences are very significant and the hidden costs numerous .

The magic they promise is achieved on the basis of important commissions and expenses , including the commissions for early cancellation of debts, the opening of the new loan and intermediation, which can range between 1% and 7%, according to Antonino Joya, from the OCU.

All these commissions are added to the nominal value of the new loan; In the end, the client manages to pay less each month, but the savings do not exist: they pay for much longer and many more interests.

In the end, the longed-for savings do not exist: you pay for much more time and many more interests

ADICAE included a revealing example in an article related to the topic published in its magazine. Assuming a total fictitious debt of 138,774 euros, and using the costs and commissions advertised in the market, the consumer could go to one of these companies to reduce monthly payments from 1,512 euros to 707. The cost: 158,229 euros of interest, compared to 82,432 euros of debt before being reunified , that is, almost 100% more interest in exchange for living something more relaxed each month.

In the process of regulation

Thanks to the pressure from user associations and the action of other agents such as the Ombudsman, the Government is currently working on a bill, approved by the Council of Ministers, which will be presented to the Cortes shortly and which will regulate both these activities such as those of other businesses also on the rise, quick loans, also granted in some cases by entities not subject to any type of supervision (in other cases, as happens with entities linked to banking institutions or those that constitute financial institutions of credit, these fast credit companies are already subject to the regulation of the Bank of Spain)

The law will oblige debt-gathering companies (such as financial intermediaries) to register and be more transparent in the information they provide to the consumer and presumably will not be operational before 2008.

Some, such as Aitor Ibarra and organizations such as ASNEF or ADICAE, consider that the law should still undergo several modifications and that it would have been better for these companies to depend on the Ministry of Economy and not on Consumption .

ADICAE believes that it should also include an update of the Law of Repression of the Usury of 1908 , specifying exactly what types will be considered as usurious, as well as addressing the treatment of the over-indebtedness of Spaniards.

The law will not alleviate the debt of the Spaniards, nor diminish their appetite for consumption, but it will remind them that the reunification of debts is not an act of magic, but a change of debt that has a high extra cost and that should only be resorted to when all other options have been exhausted.

Communities of need receive too little money for electricity

Heidelberg – Electricity prices have only known the upward trend for years. This especially affects the needy in Germany. The state subsidies are far from sufficient to pay the above-average electricity prices. In addition, recipients of social benefits less often have the opportunity to change the electricity provider.

 

Picture: Hand puts 50 Euro bill in electricity meter 

In April 2011, according to the Federal Employment Agency, around 6.5 million people living in a total of 3.5 million households in need of assistance received unemployment benefits II or social benefits. The regular requirement for single people currently amounts to 364 euros per month. Of this 364 euros, legislators are planning to install 30.42 euros (8.36 percent) for electricity, cooking gas and housing maintenance.

Electricity costs exceed the standard rate by 45 percent

That the standard rate of 30.42 euros is set too low, shows a look at the Verivox consumer price index electricity. A single household with an annual electricity consumption of 2000 kWh will pay an average of 26.43 cents per kilowatt-hour in May 2011. This corresponds to monthly costs of 44.05 euros. Thus, the pure electricity costs already exceed the standard rate by 45 percent – the expenses for cooking gas and housing maintenance come even more.

“The calculation of the regulatory requirement is a complicated statistical and political process that we can not fully assess,” said Peter Reese, Head of Energy at Verivox. “However, for the household energy sector, we can clearly say that it was too optimistic.”

Higher costs and less choice

Anyone who receives state support is required by law to consciously handle the money and act economically. But the needy can only partially participate in the competition on the electricity market.

Most supraregional electricity providers check the creditworthiness of new customers in order to avoid possible payment defaults. This risk assessment takes into account financial difficulties in the past, but also softer factors such as age or place of residence. In practice, this means that many consumers who receive government support often can not switch to a cheaper electricity supplier.

The result is that the low-income households remain bound to the local electricity supplier. There, they are usually supplied to the conditions of the universal service. However, the local basic service tariff is by far the most expensive way to obtain electricity – so a household pays about 5 percent more than the German average.

 

 

Getting A Great Investment Property Loan

People mistakenly think that real estate property is an area for the expense of a global market feeling. They think that it is rising or it is going down. Gowns completely wrong. Individual real estate goes up and individual it really is going down. The market isn’t heading anywhere.

Many investments require that the money is held intended for substantial periods of time. If you need to access your cash for some other cause, often you have to take a reduction. Forex has vastly fewer restrictions.

Funding necessity

The video is the within thing right now, it is well-liked by Google because Google understands that video is in demand, is actually what people are searching for. With more than 50 years of TV, individuals have been conditioned to watch this with interest. It has furthermore conditioned humans to become attentive to audio/visual advertising rather than common text. Big corporations invest millions every year in ads and infomercials because they understand the power of visual/audio advertisements. Online video is the nearest thing you will ever need to your own TV station moving out ads for your services and products. Google will rank movie higher than a written write-up every time.

Firstrade is a fairly unknown broker as far as greatest online brokers. It appears as if they will charge $6. 95 with regard to market and limit purchase commissions with no quarterly or even annual fees. Firstrade does not take a minimum opening funding necessity. However, as with most lower price brokers, you will receive little if any technical support.

You are able to only choose from two forecasts, as the name suggests. Your own prediction may be “in-the-money” or even “out-of-the-money”. Your prediction will be “in-the-money” if your asset gets to a higher value at the time of your own contract’s expiration. It is “out-of-the-money” if your asset’s value drops by the time your contract gets to maturity.

Simply said than carried out. It is quite simple to join however, you have to keep in mind that before becoming a member of, you have weighed the pros plus cons of the group. Because every single real estate fortress investment management produces pieces of rules and specifications to follow, you have to make sure that they have met the criteria you have arranged for yourself. Don’t go along with the terms if you don’t feel at ease with the group. The moment you have chosen to join in, commit. Invest your time and time working with your own group. In every group, there are specific fees to provide to ensure that you are aware of the price. Nevertheless, if you are hesitant to commit, check out other groups and evaluate them well.

A commercial realtor

To find a commercial realtor, you are able to go online to the National Organization of Realtors or you can furthermore ask for recommendations from other traders or check out your local newspapers.

Have a holiday – You are worthy of it! If you’ve repaid all of your debts and you’ve got several investments in place then if you’re doing well. Take some time out for your self and send your Accountant a thankyou card. I’m certain he’ll appreciate it.

News Question of the week: With which projects does GroKo start now?

News Question of the week: With which projects does GroKo start now?

Friday, 16.03.18 , written by Julia Meier This week, almost six months after the election, the representatives of the new GroKo were sworn in. Many important projects have remained untouched by the formation of a government for a long time. It is all the more pleasing that the Union and SPD now want to start swiftly with the implementation of their projects. But where did the parties set their  

Union und SPD planen eine rasche Umsetzung ihrer GroKo-Vorhaben

Family, care and social security are not neglected at GroKo

  • Union and SPD are planning a swift implementation of key GroKo projects.
  • The topics of family and care, pension and social insurance are not neglected.
  • Projects such as building costs and the right of return for employees from part-time to full-time jobs are planned later this year.

171 days after the election to the Bundestag, the coalition agreement was signed and the new ministers sworn in. Chancellor Merkel is thus entering the fourth legislative period . Already in the past few days the coalition leaders have expressed themselves clearly: From now on deeds are to follow. Because there is a lot to catch up after half a year has passed without major implementation.

The new GroKo promises more closeness to the citizen and according to CSU boss Horst Seehofer a “coalition agreement for the little people”. In addition to topics such as sustainability and mobility, digitization and care, families, retirees and employees are the focus of the new government. Which projects will benefit citizens already this year?

Plus for employees: Easier back from part to full time

So far, it has often been a difficult process for employees to switch from their part-time job back to full-time job. Even the last coalition agreement contained the improvement of the right to return from part-time full-time employment. However, the project repeatedly failed due to objections of the Union.

What has remained so far, wants SPD parliamentary leader Andrea Nahles no longer put off. The right of return applies to companies with a size of 45 or more employees . In the future, for example, mothers who want to get back into work as part-time workers after a longer period of time are not supposed to be bound by their hands. Nahles plans to implement it by summer .

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Families will soon benefit from the Baukindergeld

Families who want to fulfill their dream of having their own home will be financially relieved from this year. For example, Union fraction leader Volker Kauder wants to finalize the plans for the Baukindergeld until the summer break . This could make families look forward to more money for mortgage lending starting in September. For a period of ten years, households with annual incomes of up to € 75,000 receive a subsidy of € 1,200 per child per year .

More financial relief for workers

Another goal of the new grand coalition is to relieve workers . Despite the fact that the coalition agreement has not yet specified a specific date, there is talk of reducing the contribution rate for unemployment insurance as early as 1 July 2018. He should then fall by 0.3 percentage points from 3.0 to 2.7 percent . According to the CDU, the adjustment also relieves low-income workers who, for example, are not benefiting from the planned cancellation of the solidarity surcharge.

In addition, the SPD is paying the utmost attention to aligning the contributions to the statutory health insurance . Employees and employers should in future share the same amounts here. While this means more expenses for employers in the future, this will save workers some money.

What is on the GroKo agenda for the coming years?

The coming years will also bring a number of changes. In addition to the reform for the financing of health insurance, which is set to begin immediately at the start of next year, the GroKo also promises innovations in other areas, for example in nursing. To improve the nursing emergency, 8,000 additional specialists are to be recruited.

Families can also look forward to an increase in child benefit by a total of 25 euros . From 2019, there will be ten euros more per child per month in the account. From 2021 then follow another 15 euros per month. That should relieve parents a bit further. Kitas will also be funded more financially in the future.

The new coalition agreement also promises more digitization. The Internet in the cities, but especially in rural areas should therefore be significantly improved. In order to make life in cities even more attractive, the rental price brake will increasingly be scrutinized and tested for effectiveness . Also the environmental aspect is not ignored. This creates a strategy for affordable and sustainable mobility . For example, electric vehicles should be supported more strongly .

More news about consumer news

# Baukindergeld will not change the housing shortage in the cities # Question of the week: What comes with the new travel law on vacationers? # Termination of employment contracts: “Swiss Post’s procedure is unsocial” 05/31/2018 Baukindergeld will not change the housing shortage in the cities 05/30/2018 ARD plus minus: health insurance contribution for many self-employed too high 05/29/2018 What financial protection do students have when they are disabled? 05/28/2018 Rürup, Riester and Co .: Which private retirement provision makes sense? 05/25/2018 Question of the week: What comes with the new travel law on vacationers?

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1) An offer from 1822direkt, Borsigallee 19, 60388 Frankfurt am Main: effective annual interest rate 1.85%, fixed borrowing rate pa 1.83%, duration 60 months, 60 installments, net loan amount € 18,990, total amount € 19,888.80. Representative example acc. § 6a PAngV 2/3 of all customers receive: annual interest rate 3,99%, fixed borrowing rate pa 3,92%, monthly rate 349,03 €, 60 installments, 60 months, net loan amount 18,990 €, total amount 20,941.80 €
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1) An offer of 1822direkt, Borsigallee 19, 60388 Frankfurt am Main: effective annual interest rate 1.85%, fixed borrowing rate pa 1.83%, duration 60 months, 60 installments, net loan amount 18,885 €, total amount 19,779.00 €. Representative example acc. § 6a PAngV 2/3 of all customers receive: annual interest rate 3.99%, fixed borrowing rate pa 3.92%, monthly installment 347.10 €, 60 installments, term 60 months, net loan amount 18,885 €, total amount 20,826.00 €

** Further information on official fuel consumption and official CO2 emissions of new passenger cars can be found in the ‘Guide to Fuel Consumption, CO2 Emissions and Electricity Consumption of New Passenger Cars’, which is available at all outlets and at Deutsche Automobil Treuhand GmbH at www .dat.de is available free of charge.

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    How does occupational disability insurance work?

    For example, suppose an insured has taken out occupational disability insurance and is to pay a monthly premium of 70 euros. This sum is the so-called gross contribution , which covers the risk calculated by the insurance company. In the case of a disability insurance policy with this option, part of the contributions are invested profitably by the insurance in a savings model . As a result, the company generates surpluses that can be paid out to the customer at the end of the contract period.

    The option of contributing the premium thus works according to the principle of the classic capital-forming life insurance. Condition for the contribution repayment is, however, that until the end of the contract period no insurance claim has occurred , that is, that the insured person is not temporarily or permanently affected by occupational disability. It is therefore less an actual repayment than a savings contract, the profit of which is allocated either to the insurance or to the customer.

    How high is occupational disability insurance contribution repayment?

    The exact amount of the premium refund can not be guaranteed at the time the contract is concluded. One of the reasons for this is that the insurance company can use different savings models for investing the profits. For example, if some of the premium is invested at a fixed interest rate , the expected premium refund is relatively low due to the current low interest rate situation in Europe. On the other hand, it is a very secure investment. If, on the other hand, the contribution share is invested in funds , there are far higher return opportunities and thus the possibility of a higher premium repayment. However, due to market changes and price fluctuations, this is also a riskier type of investment.

    In addition to the investment form, the age of accession of the insured has an influence on the amount of the premium refund. The earlier he completes the occupational disability insurance with premium refunds, the more time society has to generate surpluses with its contributions . At the end of the contract period, the insured receives a termination benefit that can be in the five-digit range.

    Alternative: The occupational disability insurance with contribution settlement

    In the case of the occupational disability insurance with premium refund, the policyholder pays a slightly higher contribution, from which he only receives a portion back if he has not become unfit for work. For some people, this additional financial contribution is too high or they speculate on the risk of later disability . For these reasons, many insurance experts recommend concluding a separate savings agreement and waiving the option. A directly cheaper alternative is an occupational disability insurance with contribution credit.

    How does the contribution calculation work for the BU?

    The policyholder also receives a profit participation bonus when the contributions are credited. However, the policyholders benefit directly from the economic success of the insurance company by having to pay only the net contribution instead of the gross contribution . This premium is calculated by the insurance companies depending on how many surpluses the savings system is likely to bring. Thus, for example, instead of a premium of 70 euros per month only a net contribution of 50 euros is due.

    The surpluses are credited directly to the insured and offset against the premiums. However, with this option, he also has no way to get back a part of his paid contributions at the end of the contract period . In the event that he does not become disabled during his life, he receives his money back neither in the form of surpluses, nor in the form of disability insurance benefits. Another disadvantage is that net premiums may be increased and adjusted for gross premiums. This can happen, for example, if the surpluses are not as high as expected.

    An advantage of this alternative to occupational disability insurance with a possible contribution repayment, however, is the low monthly contribution burden. If the insured wishes to increase the monthly BU pension in the course of his life through an occupational disability insurance post-insur- ance guarantee and adjust it to his increasing financial needs, this is also associated with a premium increase. In the case of a BU with a contribution credit, the occupational disability insurance costs are lower in this case than for a BU with premium refunds.

    Whether the policyholder should ultimately opt for the occupational disability insurance with premium refunds or the option of premium settlement depends on the individual’s short- and long-term financial capacity. The individual assessment of being affected by occupational disability in the course of one’s life also plays a role.

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