Archive September 2019

Payday loans – how long does it take to process a cash loan application?

Payday loans are quick loans, which are very popular nowadays. It results, among others, from the extremely shortened, simplified loan decision making procedure. Many people ask whether it is possible to receive a payday loan by presenting as an identity document not an ID card but a driving license.

The identity card is required by the loan companies not only because of the number and series that appear on the loan agreement, but also because it is a document confirming the age of majority of the applicant for the payday loan. It must be emphasized that payday loans are only granted to those who have reached the age of majority. So if we do not have an ID card, payday pay will not be granted to us despite the best intentions of the lender. Therefore, everyone who wants to borrow money must have an ID card.

Receive payday loans


Many people ask why an ID is required to receive payday loans. It should be clearly stated that the loan agreement must include data such as the number and ID card series. Only then is the contract that has been concluded a valid contract. Meanwhile, on no other document – be it on the driving license or passport – in vain to look for information on the number and series of ID cards. Therefore, the lack of an ID card makes it impossible to receive payday payday loans.

If we do not have an ID card – be it due to its loss or waiting for a new one – unfortunately we will not take out payday loans. Parabanks require only an ID card as an identity document. By presenting only a driving license, we will not be able to confirm our identity. Moreover, it should be remembered that the ID card on the day of applying for payday pay must be a valid document. So if it has expired, no one will lend us money.

Where Loans Incapable?


If you want to take a loan from a bank, you can be sure that your earnings certificate will be among the required documents. In the case of payday loans, which are given by so-called parabanks, it is not so certain. The vast majority of loan companies do not require clients to provide an income certificate. This is a great solution because it gives a chance for a loan to those who work black or have a junk contract and are not able to document all their income. No need to provide such a certificate is also a huge time saver.

The vast majority of lenders do not require proof of income. The only document required to grant a payday payday is an ID card. However, really often in the loan application there are questions regarding monthly revenues. When completing such an application, you really need to think carefully about all the sources of income we have. This is not only about the remuneration for work performed, but also the profit we get from renting an apartment or the maintenance received every month. However, it is not worth including information inconsistent with the facts in the application. It should be remembered that the money lent to us must be given back sometime. If the amount we want to borrow is too high, we have to reckon with the fact that the parabank can expect to document its income. However, it is often enough to provide an account statement.

Payday loans are a great solution for anyone in need of money, and at the same time who have no chance that the bank will grant them a loan. Fast Loans are associated – and this is the correct association – with a quick credit decision, as well as formalities that have been really severely limited. However, the question arises as to what lending companies are able to accept when it comes to potential client income.

Which bank is the easiest way to get a loan without a Loan Standing?


Late repayment is an element of payday payday, which can translate into significant costs. Everyone who decides to take a payday loan should know that delaying the repayment of subsequent installments will result in high interest being charged. As a consequence, we will give back a significantly larger amount to the parabank than the one that was lent to us. That is why it is so important in the case of payday loans that each installment is repaid on the agreed date. This will avoid significant additional costs.

Although parabanks already provide the option of so-called credit holidays, it is a solution that will cost us a lot. The borrower must pay for postponing the repayment date. This makes the loan more expensive again. What’s more, the parabank may of course refuse to grant us such assistance in paying off the debt.

Fast Loans are so-called quick loans, whose popularity is increasing every year. More and more people who do not have a chance to get a bank loan are deciding to borrow money in the so-called parabank. Payday loans have a lot of advantages that contribute to their huge popularity. However, it should be remembered that extreme caution is recommended with them. Otherwise, you can quickly fall into a debt spiral, from which it is not so easy to get out. What to watch out for when deciding to take a payday loan?

The main disadvantage of payday loans is, above all, high interest rates. APRC, i.e. the total annual interest rate is much higher in their case than in the case of traditional bank loans. What does this mean in practice? We need to pay back to the parabank a lot more than what we borrowed. For this reason, it is so important to be more reasonable about the amount you intend to borrow. You should seriously consider whether we will be able to pay it back.

How to close a bank account?

Do you have an unnecessary bank account and are you planning to close it? Are you wondering what the closing of a bank account looks like in practice? You have no idea where to start closing your bank account? Then this short guide is just for you!

Can I close a bank account online?


Do you want to know if you can close your bank account online? Of course, some banks allow you to close your account using online banking, but not all, so you must check how this issue looks in your case, whether it is permissible to close an online bank account and what are the possible paths to close the account you want to get rid of.

Can the attorney close the bank account?


Can an authorized person close a bank account? If your goal is to cancel your bank account and you can’t do it in person, maybe your attorney will be able to do it? It all depends on what kind of power of attorney you gave him. If this is a general power of attorney, then the attorney will be entitled to close the invoice on your behalf.

On the other hand, in the case of a specific power of attorney, the decisive factor is what powers you gave him / her. With regard to the specific power of attorney, you determine what your representative can in practice afford.

How soon can you close your bank account?


If you’re wondering how to close your bank account, you need to think about how long after you can actually do it. This is an individual matter, so check whether it is really possible to close the account at the given time! Keep in mind that, for example, if you have used a specific promotion, you may be required not to close your bank account for a certain period of time.

How to delete a bank account? Reasonably – plan the entire enterprise properly and make sure what you can actually do in a given situation.

How to cancel a bank account?


Want to know how to delete a bank account? You have no idea what to do to close your bank account?

  • First of all: make sure you can actually do it at the moment.
  • Secondly: check the agreement with the bank on how to terminate the bank account agreement or, if you are not able to do so, contact the bank maintaining the account that you intend to close.

How long does it take to close a bank account?


Now the main question arises: how long does it take to close a bank account? It depends! In this case, the notice period, which must be observed, is significant. It is worth taking this into account if our goal is to cancel your bank account. What’s more, remember to verify after the notice period that your account has actually been closed.

Is closing the bank account payable?

Are there any fees associated with canceling your bank account? How much does it cost to close a bank account? You must bear in mind that closing a bank account may be associated with the necessity of incurring certain costs, so be sure to check how this issue looks in your case: whether the fee for closing the account will be required, and if so, how much.

TO CONCLUDE: when deciding to close a bank account, be sure to check whether you can actually do it at the given moment and how to terminate the bank account agreement in a given situation. For some banks, this can be done online, but it is not always possible. What’s more, remember that closing your bank account may be subject to the payment of a certain fee.