Archive October 2019

Credit for all – is that possible?

Loans for everyone, with a guaranteed commitment, and loans even for recipients – have you ever seen such promises?

If you search the internet for loans and loans without credit record, then such offers almost inevitably appear sooner or later.

What about the promise that some providers are supposed to get credit?

What about the promise that some providers are supposed to get credit?

 

To make it short: There is nothing to be said about that. Excessive advertising promises are simply not serious. They raise hopes, which in the end must be disappointed in any case.

No credit broker has money to give away, and the banks primarily want to make their own money – and they can only do so by getting the borrowed money plus interest from their credit customers.

Sufficient income is a must

Sufficient income is a must

 

For a good reason, banks therefore take a close look at the credit check. They want to know if the income of the prospective loaner after deduction of the fixed costs is sufficient to pay the loan installments.

Every reputable bank acts like this – and every reputable credit intermediary. There are even legal requirements that state: Loans may only be granted if they are economically viable – ie if they do not overtax the borrower financially.

Unfortunately, those who only have a very low income or receive rarely have enough money to live on. The financial scope for the payment of credit installments is then simply not given – and therefore a lending is not possible.

But why do many providers advertise with loans for the unemployed, with housewife loans and similar loans?

Beware of up-front fees!

Beware of up-front fees!

 

Unfortunately, there is often an attempt to collect fees in advance for loan documents that are really worth a penny. Because basically it is already clear that there will be no loan. Paid fees are then gone.

Bon-credit rejects these dubious methods. And we only promise what we can do. Therefore, we say openly and honestly: Without own income a loan is not possible. The only exception: there is a co-applicant who has sufficient income.

In all other cases, the income of the borrower should be € 1,300 or more – then chances are good for a quick and cheap credit.

Cash loan for dream car

Lenders can help both car owners who need an urgent cash loan and those who just dream of getting a car.

Loan companies offers both a cash collateral loan and a car loan.

Loan companies offers both a cash collateral loan and a car loan.

People who own a car can get a lenders loan – up to 90% of the car’s market value. Also, if you are looking for a new car, lenders can give you a cash loan of up to 90% of the value of the car you are looking at.

Cash loan against car collateral

Cash loan against car collateral

  • Collateral loan – up to 90% of the market value of your car;
  • Car collateral loan – from 250 to 15 000 lats;
  • Mortgage loan repayment term – from 1 month to 5 years;

Your car can provide you with a cash loan, and once you get a loan, you can use it as usual to sit in it and drive it without the lender thinking of taking it over and holding it as a collateral.

When can I get a cash loan against a mortgage? If you own a car that is less than 20 years old, has passed a roadworthiness test, has OCTA insurance – you can apply for a cash loan of up to 90% of the value of your car. It is up to you to determine the loan amount as well as the repayment term.

Car purchase loan

Car purchase loan

  • Get a lenders loan to buy yourself a new car – up to 90% of the value.
  • Car loan – The value of your car can be from 500 to 10000 lats;
  • Loan repayment term – from 1 month to 5 years;

lenders credit can help you get a brand new car from a dealer or a used car from a previous owner. lenders money for buying a car can be up to 90% of the price of that car. You will have to pay the remaining 10% as a down payment to the existing car owner.

Advantages:

  • Applying for a loan is possible online – you can do it from anywhere, wherever you have an internet connection – fast and easy;
  • lenders can provide a cash loan of up to 90% of the car’s market value (both a 90% mortgage loan and a 90% car loan loan);
  • The loan repayment is up to 5 years – if you choose a longer period, the monthly loan payment will be lower, but remember that in this case the loan interest rate will be higher;
  • It is also possible to repay the loan before the due date – without any penalty;
  • The borrowing conditions are clear and safe;
  • The loan can also be obtained by persons who already have another cash loan from another credit company.

The lenders offer can help you get both consumer credit and cash to buy a new car. Car owners can get an urgent cash loan, which they can use at their own discretion. And – lenders credit for people who want to get money for one purpose – a new car. Whatever your purpose, borrow wisely and responsibly!