springcreeknv.net http://www.springcreeknv.net My WordPress Blog Tue, 08 Jan 2019 13:50:40 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.1 Certainly to the credit http://www.springcreeknv.net/2019/01/08/certainly-to-the-credit/ http://www.springcreeknv.net/2019/01/08/certainly-to-the-credit/#respond Tue, 08 Jan 2019 13:50:40 +0000 http://www.springcreeknv.net/2019/01/08/certainly-to-the-credit/

The personal creditworthiness, ie the creditworthiness of a debtor, is essentially dependent on a regular and secure income in sufficient amount so that he can meet his financial obligations. In the case of unemployment, there is a lack of long-term security beyond the period of entitlement to unemployment benefits for one or, for older workers, a maximum of two years. Also, the amount left behind by the previous net income is often problematic. Collateral simplifies lending and conditions are better.

Use assets

The internet adviser Kreditnetz.com, which specializes in loans for the unemployed, refers to assets that the loan seeker can offer in addition to his or her personal credit rating. Jewelry or coins will usually not be accepted by ordinary commercial banks, because appreciation, administration and custody would be far too costly. Pawn shops, on the other hand, specialize in such loans. Often it depends on the reason for borrowing. If you want to go on vacation on vacation, there is no real value in the money spent. If you buy a car, you can transfer it to the financing bank.

In doing so, one makes use of the legal difference between ownership and property. They become owners of the vehicle after the purchase, have the actual power of disposal, so they are allowed to drive at will, but not to sell. Because the bank is owner and has the legal power over the car. Therefore, a car loan despite Schufa entry is usually no problem. If a payment default occurs, the bank collects the car and sells it to offset the proceeds with the loan installments and interest due.

Use personal creditworthiness of third parties

Use personal creditworthiness of third parties

An alternative to property as collateral is the involvement of other persons in the loan agreement. These may be co-applicants who become borrowers with equal rights and obligations when the contract is concluded. The lender can claim the full amount from each debtor. On a different liability in the internal relationship of the contractors, it is not on, the parties have to clarify among themselves.

For example, spouses do not have to pay for each other’s debts just because they are married. But if both have signed the contract, they are also mutually committed. An alternative is the guarantee for the loan amount by a person with good credit rating.

http://www.springcreeknv.net/2019/01/08/certainly-to-the-credit/feed/ 0
Credit check when buying online: This is how it works http://www.springcreeknv.net/2019/01/03/credit-check-when-buying-online-this-is-how-it-works/ http://www.springcreeknv.net/2019/01/03/credit-check-when-buying-online-this-is-how-it-works/#respond Thu, 03 Jan 2019 13:33:06 +0000 http://www.springcreeknv.net/2019/01/03/credit-check-when-buying-online-this-is-how-it-works/

Not only when a product is purchased on credit, but also in a delivery on account secure online merchants with a credit check against the default. To protect against dealings with high-risk customers, many online retailers use a credit check to determine how the new customer is financially ordered.

bonitaetspruefung beim online kauf e1492856172209

Definition of the term credit check

Of course, before a mail order company ships goods of higher value on account, he would like to know if the new customer is even able to pay the outstanding invoice. For this reason, a so-called scoring is carried out before shipment and order confirmation . In this case, certain personal data is transmitted to a credit agency.

Definition of the term credit check

Scoring is a mathematical-statistical process that determines a probability statement for payment based on experience. The features that are considered here are:

  • household income
  • marital status
  • job
  • payment history

The result is then a value, the so-called score. This is classified from excellent to very weak. Depending on this result, the order will be shipped or not.

Tip: If you would like to know how your own credit rating is, you can do a free credit check on Score Compass .

Federal Data Protection Act must be taken into account

A trader who wants to conduct a credit check must have the consent of his customer. Because according to the Federal Data Protection Act, this is only allowed if the customer has agreed. If, on the other hand, a purchase contract is agreed with a prepaid payment, such as prepayment, PayPal or bank transfer, then data may not be collected for a credit check because the seller is not at risk of default.

Exceptions to this are deliveries in which the online retailer itself enters into advance performance. Because then a delivery before payment is carried out, for example, the aforementioned purchase on account. In this case, the credit check serves the seller for the protection of the legitimate interests and a data collection is permitted in accordance with § 28 paragraph 1 no. 2 BDSG .


http://www.springcreeknv.net/2019/01/03/credit-check-when-buying-online-this-is-how-it-works/feed/ 0
When the banks turn off the money http://www.springcreeknv.net/2018/11/29/when-the-banks-turn-off-the-money/ http://www.springcreeknv.net/2018/11/29/when-the-banks-turn-off-the-money/#respond Thu, 29 Nov 2018 13:38:03 +0000 http://www.springcreeknv.net/2018/11/29/when-the-banks-turn-off-the-money/

Anyone who is on the black list of Schufa has a hard time getting credit in the established banking system. It’s a vicious circle: negative features stored on the Schufa lead to the rejection of a loan application, and every denied loan signifies a new negative entry. In addition to the Schufa information, insecure or inadequate income and assets can be the reason for refusing fresh money. But there are serious alternatives, about which www.sos-kredit.com informs:

The fairy tale of credit

The fairy tale of credit

The popular comparison platforms on the Internet only work with good credit ratings. Behind it are credit intermediaries who get their commission from the lender, that is from the bank. As soon as the business’s earnings outlook becomes dubious – and this is the case with low credit ratings – they are no longer interested or at least unwilling to pay for the brokerage. One option for the prospect is to hire a broker yourself, and then pay the commission or fee. Reputable agents are relatively easy to identify.

They provide a loan without any pre-charge and are paid success-oriented, ie only if a loan contract actually comes about. Therefore, they make no untenable promises such as the credit without Schufa from Switzerland. Of course, there are such foreign loans, but instead of Schufa another credit agency takes over the credit check. In Switzerland, for example, it is the Central Office for Credit Information (ZEK). And if the ZEK does not know anything about a German claimant, the Bank’s requirements for a solid income from work will be all the more stringent.

Loans outside the German banking system

Loans outside the German banking system

Loans with sums of a few hundred euros and durations of thirty or sixty days – for example, to bridge bottlenecks to the next or the next salary payment – can actually buy cheap abroad, if you pay attention and renounced overpriced additional options. For larger sums of the private loan is an increasingly used alternative. Internet lending brings together loan seekers and private lenders. At best, banks are involved for legal reasons and for the technical handling of the transaction. The interested party presents his project, ie the reason for the loan request. Investors usually invest small sums of money to spread their risk over many loans.

Therefore, it is uncertain whether a complete drawing of the loan request is made at all – only then a loan agreement is closed. In any case, lenders expect a return that is commensurate with the risk. Cheap so called peer-to-peer loans are not, and they are not a social institution. Although the platforms in their advertising suggest a business among friends at eye level, but the interest rates are market high and thus often in the double-digit percentage range. And in the case of defaults, personal loans also stop friendship and foreclosure.

http://www.springcreeknv.net/2018/11/29/when-the-banks-turn-off-the-money/feed/ 0