Loan for repayment of other credit

It seems quite dull and absurd to borrow another loan even if the previous credit obligations have not yet been settled, not to mention the borrowing of another loan to repay the previous loan. Such action only shows the absolute irresponsibility of the borrower, the inability to plan his finances and time. However, in reality, getting a new loan when the previous credit has not been settled is practically impossible.

  • First of all, the majority of lenders already determine that the loan will not be issued if the potential customer has outstanding credit commitments.
  • Secondly, if the outstanding credit liabilities damage the credit history, but as we know, in the case of damaged credit history, most creditors do not issue credits. Of course, in this case, it is imperative to assess whether outstanding credit obligations are current and still in the process of repayment, or whether they are overdue and neglected, and the borrower is included in the debtors’ list. Current credit liabilities are not taken into account provided that the borrower is creditworthy, that is, its income is adequate for the full and timely repayment of two credits.

Outstanding credit commitments, which are neglected, are considered a serious obstacle to new credit.

Outstanding credit commitments, which are neglected, are considered a serious obstacle to new credit.

This behavior of creditors can be explained logically because they simply do not want to ” climb on the same rakes ” to which another creditor has already climbed, namely, having trusted and lent a loan to a borrower who is irresponsible, dishonest, untrustworthy and how it looks also insolvent. Non-repayment and delinquency of any loan leads to greater or lesser financial losses for the creditor, which is why creditors choose their potential customers very carefully to avoid disappointment. However, not all lenders treat their potential clients as responsibly and scrupulously and also give credit to those whose credit history and creditworthiness are not positive.

In addition, lenders who are not interested in the credit history and financial position of their potential clients are also not interested in the purpose for which the loan is provided. From the foregoing it can be concluded that the loan can also be received by a person who has outstanding debt and wants to use the loan to settle it. If a specific example of such creditors is to be mentioned, they are lenders of fast credit. Of course, it cannot be ignored that in such situations, all quick credit lenders will undoubtedly issue a loan, because when the effect of the laws and regulations on non-bank lending is in force, a large part of non-bank lenders will also start setting rules for credit history, creditworthiness and lending targets of potential customers..

 

 

Microcredit: a solution for an advantageous fast loan!

When can you need a microcredit?

When can you need a microcredit?

You see your microcredit as a way to create your business or participate fully in a personal project you care about. Here are the different cases where getting your microcredit is not only a quick but also sensible solution.

Make your project easier!

Make your project easier!

You have known for a long time: you have an idea that could revolutionize your professional or personal career. Do you want to make a linguistic trip of a few months to improve? Your car has just broken down, but is it essential for your work? Rather than opt for a classic loan. Microcredit rates are also high, but in return you can borrow a small amount of money in the short term.

That’s how companies like FinderCash came to life. The purpose of this platform is to facilitate access to a loan for a transfer in the week! The only documents to provide are an IBAN, have a credit card, the login credentials of your online banking space. Thus, you are relieved of all paper mail, which can be lost by post or simply take time to arrive at your destination. In this case FinderCash, this platform offers a loan within 48 hours for a refund with interest over three months.

The old vision and resolution of the past problems of microcredit

The old vision and resolution of the past problems of microcredit

Despite common thinking, obtaining microcredit can be facilitated. But still it is necessary to know the tricks and to know to whom to ask it!

We have already mentioned the procedure of obtaining. In the past, it was more difficult to obtain because the financing companies look at your banking history. If you apply after a bank or structure that allows you to obtain a micro-credit, the procedure usually requires a waiting period and a mailing.

The link between microcredit and professional career

The link between microcredit and professional career

If you want to start your micro-enterprise, it’s a viable solution because it gives you time to get started as a micro-entrepreneur to get a traditional loan. Microloan should be seen as a way to get into the world of work in a sustainable way.

Be aware, however, that the declaration of the microloan is to be made in your name as a natural person. These are not obtained if you apply as a company. The repayment of the loan can of course be realized thanks to your profits generated in company, because they return in your personal expenses of micro-entrepreneur. You have to think of microloans as a way to save time and money for your business.

A procedure facilitated by multiple structures

A procedure facilitated by multiple structures

Cause and effect, new and digitized structures have appeared. It is up to you to make your choice. Although today microcredit is democratized, you can still prefer a classic structure to a private structure.

If you start telling yourself that microcredit is the solution you need, dedicated sites have been set up for you to get it quickly in a satisfactory time. There are among others:

  • Government structures available to you, but do not yet offer an online system, with the risk of a delayed shipment;
  • Associations – often aimed at underprivileged populations, or specialized for specific statuses such as students;
  • Dedicated platforms – be careful not to pick the ones that ask you for money before you get credit, they can be scams. Read customer reviews before taking action!

Microcredit is the solution for all those who are short of money and who want to take advantage quickly to mount microprojects – and why not microenterprises. To learn more about the keys to a successful business, if you’re thinking of building your own, here’s an enlightening article provided by planete-auto-entrepreneur.com .