Monthly Archives: June 2019

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Can we still invest in gold in 2017?

The yellow metal, a safe haven

The yellow metal, a safe haven

In Europe, unlike the US, which is facing a rising dollar and interest rates, gold is a competitive investment compared to other yield products. So the acquisition of the precious metal is rather favorable now thanks to the low rates, and it’s a good time to buy. The ounce of gold has fallen to 1,100 euros since the end of December 2016, while it stood at 1,250 euros in the first half of the same year. In an uncertain context, both economically and politically, gold remains a safe value . The ideal solution is to buy physical gold in the form of coins or bullion from different suppliers who may be a bank, a broker or a specialized pharmacy. Otherwise it is possible to opt for securities indexed on physical gold, so it’s paper gold. Zero-coupon and indefinite-term bonds, ETFs (Exchange Traded Funds) are among the offers offered.

The different taxations

The different taxations

The purchase of physical gold is not subject to VAT but in case of resale a flat tax of 10.5% is due. The regime of capital gains on movable property may be more attractive because of the 5% reduction per year of detention from the third year. For paper gold, the shares are subject to the capital gains tax on the transfer of securities, with taxation and 15.5% of social security contributions. Abatement rates are higher, 50% after two years and 65% after eight years.

Having sound finances is an asset to start investing in physical gold or paper. If these are stifled by too many credits, a regrouping operation makes it possible to reimburse only one reduced monthly payment. A new long-term credit replaces the old ones , with a more attractive rate but a higher cost.

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When And How You Can Revoke a Loan Request

When lending is wrong – sometimes credit seekers want to revoke their loan request. But is that possible? This question arises above all when loan inquiries have been made online. Because with the decisive push of a button, a process is often triggered that seems irreversible.

The reassuring news is, you do not have to lock out a loan you do not want, and not every loan request will ever make a contract. The first step in credit comparisons are usually condition requests. For this purpose, comparison portals are usually used on the Internet or websites of banks. The pure condition request is not yet a credit, they receive at most a (non-binding) offer that they can accept, but do not have to. However, once you have made such a request for a condition, it can not be undone. The answer is often within seconds. The missing revocation possibility is also not harmful.

 

Revocation even after conclusion of the contract

credit loan

More debt has a loan request in which you have completed a loan application, signed it and sent it along with the necessary documents of the bank for review. Unless you intervene in this process, the Bank will issue a loan commitment after positive verification and will send you a signed copy of the loan agreement. This is the credit relationship has come about.

Of course, while processing, you can still revoke the loan request – with a text message, which should be sent by registered letter for proof. E-mails and faxes are also considered textual form. But even if you have missed it, you do not have to throw the gun in the towel. For consumer credit, you are entitled to a fourteen-day withdrawal period after the conclusion of a contract. Consumer loans include all typical installment, auto or modernization loans, framework loans and home loan financing. No consumer loans are small loans under 200 euros, mortgage loans and loans with terms of less than three months.

 

Informal and without justification

credit loan

For the right of withdrawal, it does not matter whether you have applied for the loan online or as part of a conventional bank appointment. Decisive for the beginning of the withdrawal period is not the date of the contract, but the date of receipt of the contract by the recipient. The revocation can be informal, from the content of your message, only the revocation must be clear and clear. You do not have to provide a justification why you no longer want to use the loan. Cancel a loan request – so you should not worry about it. They even have opportunity after conclusion of the contract.

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The Unpaid Loan

The borrower must provide the bank with proof of income from Daisy O., pending the receipt of a loan, which will repay the loan, including interest. Do you need an urgent loan to start-up companies, debt loans? do you buy a car or a house? will be repaid at the end of the term in a one-off amount. in default, or already had to take out a new loan. in default, or already had to take out a new loan.

 

Non-repaid loan in millions of euros

Non-repaid loan in millions of euros

In front of Osnabrück District Court, a lawsuit against a suspected swindler is opened today. The man is said to have signed loan agreements with several banks to purchase equipment for his company. However, he used the loan for other purposes and did not repay the loan. In addition, two defendants are accused of allegedly transferring funds to the man to protect them from his creditors.

So far, 16 negotiating days have been planned, and a similar result is expected at the beginning of next year. For the future is planned.

The 24-year-old from the Frankenberg region was charged with fraud and drunk driving for six months and a two-week probation and for the payment of EUR 10,800 to the injured party. In the summer of 2011, the defendant contacted a defendant and asked for a loan of EUR 12,000.

From the 71-year-old lady, he got the salary on the condition that he would repay 150 EUR a month. From the loan, the man buys a vehicle for 1800 EUR and a calculator for 500 EUR. From the remaining amount he wanted to pay off the existing claims, because at the conclusion of this agreement, the 24-year-old had obligations of almost 12,000 EUR.

This amount includes, inter alia, outstanding benefits to its principal bank, its electricity suppliers, motor insurance and unpaid fines.

 

The loan amount and the fixed financial expenses together form the due sums.

The loan amount and the fixed financial expenses together form the due sums.

The loan amount and the fixed financial expenses together form the due sums. The loan amount will be transferred to your business account. The 12-month loan term is six 60-day repayment cycles known as milestones. If you have not returned the milestone minimum amount, the difference between the amount you paid and the minimum amount will be deducted from your account.

The minimum payment amount for each of the six 60-day milestones of the loan is $ 941 (1/6 of the total). With a refund of only $ 800 from your daily refund on the first 60-day milestone, the remaining $ 141 will be deducted from your account. On the capital side, there are three financing options. Compare the terms of the financing options and click on the application you have chosen.

If you agree with the terms, you will return to the Review and Accept Terms of Use dialog box and select Accept Terms of Use. Within 2 to 5 working days you will be informed if the funds will be provided to you. In the case of grant, the loan amount will be transferred to your commercial bank account. On the Capital page, you can see the following details of the repayment:

 

The repaid amount of money

The repaid amount of money

The calculation is based on any order marked as paid on that day, regardless of the source of the order, the method of payment or any subsequent refund or cancellation of the order to determine the daily turnover of your store. If the test mode was not activated when the order was placed, the order will be included in the daily turnover of your store when calculating the repayment amount for the corresponding day.

If you have not returned the milestone minimum amount by the end of the 60-day period, the difference between the amount you paid and the minimum amount will be deducted from your account. Can I pay off the loan more quickly than within the 12 months? You can repay your loan in one year with high profitability before the end of the 12-month term.

How is the fixed cost of the loan calculated? The financing cost for the loan is a fixed percentage of the loan amount. For each takeover offer, the financial costs are recalculated. How did this website help you?

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Choice to borrow money: mortgage or personal payday loan?

You may be faced with the choice: are you going to borrow money with a mortgage or personal payday loan? This can be discussed, for example, when borrowing money for the renovation of your house or when borrowing money for your residual debt. What are the differences between these loan products and when is one more interesting than the other?

Mortgage or personal payday loan: the differences

Mortgage or loan: the differences

Since the adjustment of the mortgage requirements in 2013 and 2014, there is actually little difference between a mortgage and a personal payday loan. Both loans must be repaid and both loans are tax deductible in some cases. The most important difference between a mortgage and a personal payday loan is that a mortgage is a loan for which a purchase house serves as collateral.

Borrow money renovation

Borrow money renovation

As mentioned, the choice for a mortgage or personal payday loan can be discussed when you want to borrow to renovate your house. A mortgage is really only interesting if you want to borrow more than € 50,000 for your renovation or want a loan term of more than ten years. In all other cases, a personal payday loan is probably the best option.

Benefits personal payday loan

Benefits personal payday loan

The advantage of a personal payday loan over a mortgage is that you can opt for a shorter term. This allows you to adjust the duration of your loan to the duration of your loan objective and you are debt-free rather than a long-term loan. In addition, it is a lot easier to take out a personal payday loan. This is because no notary or appraisal is involved, unlike when taking out a mortgage. This also saves you costs, which means that a personal payday loan is cheaper as a whole despite the higher interest.

Borrow money residual debt

Borrow money residual debt

Another loan objective where you may be faced with the choice between a personal payday loan or a mortgage is to borrow money for residual debt. Sometimes your residual debt can be co-financed with your new mortgage. However, this is not always possible, either because of your income or because of the value of your new home. A personal payday loan is then a good alternative. You then benefit from the benefits of the personal payday loan and from the tax deductibility of the interest on your loan for your residual debt.