mercygraceforgiveness.org http://mercygraceforgiveness.org// My WordPress Blog Sun, 12 Apr 2020 06:08:38 +0000 en-US hourly 1 https://wordpress.org/?v=5.6 The whole truth about online loans http://mercygraceforgiveness.org//the-whole-truth-about-online-loans/ http://mercygraceforgiveness.org//the-whole-truth-about-online-loans/#respond Sun, 12 Apr 2020 06:08:38 +0000 http://www.mercygraceforgiveness.org/the-whole-truth-about-online-loans/

How and where to submit the application? What is she about? For whom? How fast? In this article you will learn a bit more about this recently very fashionable issue – loans online are offered not only by banks but also by private lenders. This way you can borrow money very quickly without leaving your own apartment. Let’s check where to take a loan online.

Today, to borrow money in the bank, we can go to the nearest branch or sit comfortably in front of your computer and fill out an application for a loan online, and so over the Internet.

People who often shop online or use auction sites

People who often shop online or use auction sites

Usually, choose the latter method of contacting the lender. Banks are constantly striving to automate a large part of their services through modern solutions, thus ensuring the security of transactions.

If we have an Internet account, i.e. one that we can manage online, it is best to log in to it and find a loan or credit offer there. The application is then sent from our customer panel. In this bank, it will probably also be the cheapest because we are already its regular customers and we can count on more favorable conditions.

If we do not have such an account, we can directly visit the website of any bank and see its offer there. Another way is to use the loan comparison engine, which is very easily available on the internet today. This solution will help us find the best loan offer and find out the monthly installment amount.

Some online loan applications are quite extensive

Some online loan applications are quite extensive

Including the address, a number of dependents, as well as regular expenses. In others, simply enter your name and phone number. In the first case, the bank downloads the information needed to obtain a loan online, and the computer system transfers it to the bank employee.

Having all the necessary data, he contacts us by phone to present the initial credit decision. In the second case, the bank consultant also contacts us by phone and then we provide him with all the information he needs. After verifying our data, we will get a decision on whether to grant a loan or not.

We can go personally to a bank branch for a loan agreement, where cash will also be issued. We can also use the services of a courier who will provide us with a home contract free of charge and the loan will be transferred to the bank account indicated by us.

Non-bank institutions also offer loans without leaving home

Non-bank institutions also offer loans without leaving home

In this case, the money is available on our bank account in just a few minutes after applying for a loan online. The whole procedure takes place quickly, and the lender often does not even check our credit history in databases such as the Credit Information Bureau. Non-bank loans, however, cost a lot compared to bank loans. However, they are characterized by the possibility of renewal and high granting.

There are also social networking portals on the network that you can get online – also without leaving your home. The service associates people wanting to take out a loan and small investors who want to make money by borrowing their financial surplus at a specific percentage.

Here, however, it is definitely harder to get a loan. To receive it, you need to convince the investor and present the purpose for which the money is to be allocated.

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Loan without creditworthiness http://mercygraceforgiveness.org//loan-without-creditworthiness/ http://mercygraceforgiveness.org//loan-without-creditworthiness/#respond Sat, 04 Apr 2020 05:53:23 +0000 http://www.mercygraceforgiveness.org/loan-without-creditworthiness/ In Poland today there are many people who should have had a leg to pay a bank loan, which did not have to be their fault. There are also many working on so-called “junk contracts” or completely “black.” These people, however, they earn an income, although almost every bank will refuse to grant them a loan. So where can they still apply for a loan?

People with undocumented income and those whose credit history at Credit Information Bureau is not the best are a certain group that is unable to take any loans at the bank.

Thus, a kind of niche was created in the financial market. Thus, more and more non-bank companies began to service such clients and enable them to take out loans without creditworthiness. These companies, of course, earn their own money but bear the considerable risk of paying money to uncertain customers.

Today is probably the best time for people without creditworthiness

bank

There are so many different institutions on the non-bank market that they really have plenty to choose from. Even an unemployed person is able to apply for a loan, which until recently seemed impossible.

What’s more, there are more and more parabanks, also from the west, increasing competition on our domestic market. However, this situation results in lower prices/costs of non-bank loans.

It’s easy to find a company on the internet that is willing to provide a loan based on a statement – without a credit check. Unfortunately, the price of such a loan will far exceed the offers of competitors checking the Credit Checker database. However, most borrowers using the services of such companies are forced to pay more to be able to get money in a crisis.

Creditworthiness also depends on the amount of income received

Creditworthiness also depends on the amount of income received

Therefore, not every person with an employment contract and a positive history in Credit Checker databases will receive a bank loan. Creditworthiness is calculated taking into account both the amount of documented income as well as the fixed costs incurred, which include: fixed fees (e.g. for rent, utilities, telephone), number of dependent children and other liabilities repaid (bank loans, credit cards, overdraft, etc.).

Many people without creditworthiness have been forced to take out a loan against real estate (e.g. private housing). However, when deciding on such a solution, you must remember to realistically choose the loan repayment period and the amount of the monthly installment to your financial capabilities. Otherwise, you can easily get rid of the apartment and, as a result, lose your roof over your head.

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How to get a Mortgage Loan? http://mercygraceforgiveness.org//how-to-get-a-mortgage-loan/ http://mercygraceforgiveness.org//how-to-get-a-mortgage-loan/#respond Fri, 27 Mar 2020 06:12:17 +0000 http://www.mercygraceforgiveness.org/how-to-get-a-mortgage-loan/ The development market in Krakow has been developing very dynamically recently. More and more new developers are investing in this beautiful city.

Residential, office and industrial construction are developing, so at every corner, you can see that investments appear in every corner of the city. Some investments are already completed, but much more is under construction and huge hello is still planned.

Along with housing investments

Along with housing investments

The demand for real estate loans increases. Some customers buy apartments for cash, but not everyone can afford such an expense and then you need a loan. Apartments in Krakow can be bought at different prices and the price mainly depends on the location and distance from the center. The closer to the center these properties are more expensive and reach, say, USD 10-20 thousand per m2.

This is very big money and not everyone can afford such an apartment because at say 50m2 the amount of over USD 500,000 is being made, plus additional renovation and fees. The most popular flats in Krakow are in the price of USD 300-400 thousand were depending on the district we can get between 50m2 and 70m2 where these are 2-3-room flats.

Of course, there will be those who bought an apartment below and above this amount, however, there are definitely fewer such applications. There are a lot of apartments and we can freely choose between a new one from the developer and one from the secondary market.

The loan offer does not differ in this case

The loan offer does not differ in this case

However, it must be taken into account that a new apartment that is under construction usually pays off in tranches corresponding to the stage of construction. If the tranche is many and we do not have sufficient funds, then when we start part of the loan we will only have to pay interest on the amount paid.

The longer the construction and the more tranches, the more interest and in this case it is worth preparing a larger own contribution. The primary market is also characterized by the fact that the apartment will be needed to renovate and refurbish the apartment cost about 1000 USD / m2.

Of course, there will be those who have an uncle who will do it for free, but in my opinion the amount will approach the one mentioned before because labor is only part of the cost and building materials are very expensive. There should be no such problems in the secondary market because we buy a ready-to-live flat unless you need to do a general renovation or refreshment.

Finding our desired apartment for a certain price

Finding our desired apartment for a certain price

We must assess whether we can afford it. It is also important to calculate how much we can get our own contribution. Banks currently require that the own contribution be at least 10% (we usually insure an additional 10%). Some banks will ask for a higher own contribution, but 10% should be enough.

Having calculations and a flat, it is best to visit a financial expert and here I will recommend my person who has been working on loans for over 7 years. Hundreds of topics paid and matters dealt with. For my part, I can provide professionalism and guide you through the entire mortgage application process.

My services are free and I am rewarded by banks for the effect of running a loan. You can also entrust me with negotiations because I always try to get the best conditions that are available. If you have any questions, I will contact you and explain everything by phone.

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Cash loan with a fixed interest rate and equal installments http://mercygraceforgiveness.org//cash-loan-with-a-fixed-interest-rate-and-equal-installments/ http://mercygraceforgiveness.org//cash-loan-with-a-fixed-interest-rate-and-equal-installments/#respond Thu, 12 Mar 2020 05:41:09 +0000 http://www.mercygraceforgiveness.org/cash-loan-with-a-fixed-interest-rate-and-equal-installments/

The fixed interest rate on cash loans is not popular and only a few banks offer this option. Variable interest rate based on 3M or 6M Credit Checker is much more popular (this is the rate at which banks borrow money and is calculated for various time periods such as 1 month, 3 months, 6 months, etc.).

Most often it is 3M Credit Checker and banks usually base the loan interest rate on this ratio. At the moment, we can assume the value of 1.73% plus the bank’s margin, which gives us the annual cost of borrowing.

The margin at a variable interest rate

The margin at a variable interest rate

It is fixed and the Credit Checker is variable, therefore, with possible changes in the future, our credit will increase or become cheaper. The situation is different from the interest rate we are interested in, because, with such loans, the margin and Credit Checker are variable and, in total, always give the value of the interest rate agreement.

Therefore, if one of the parameters increases or decreases, the other changes by the same amount the other way round.

It is a form of securing the amount of installments in the long term, as well as in the event of changes in the banking market. The installments of such loans are always at the same level and you can sleep peacefully, but will we get such a loan without problems?

Which banks have a fixed interest rate on cash loans?

Which banks have a fixed interest rate on cash loans?

There is not much choice here and you need to focus on the ones mentioned below. Until recently there was a bank where each loan was with a fixed installment throughout the loan period but was taken over by Millennium and currently I don’t know what it looks like there.

By definition, the bank would have to contribute to the business if Credit Checker increased, therefore the periods of these loans are usually short and are as follows.

Good Credit for each loan up to 36 months

Good Credit for each loan up to 36 months

It uses a fixed interest rate and from what it knows because this bank is based on Credit Checker6M as opposed to other banks. Terms and conditions often appear and they do not differ from those with a variable interest rate. Unfortunately, but Good Credit belongs to demanding banks and the customer portfolio must be very good.

  • Good Finance offers a loan with a fixed interest rate but only for a maximum of 24 months, so with such a short period it is important that the commission charged is as low as possible. The offer is one of the best on the market because we can adjust the commission and interest rate and the APRC will come out the cheapest.
  • E-Money (Update January 2020) – this bank is the only bank with a full fixed interest rate for each customer even for a maximum period of 120 months and for amounts up to USD 200,000. The offer may not be sensational, however, we can sleep peacefully and not worry about any possible fluctuations of the vibrations.

As of December 2019, the rest of the banks do not grant loans with a fixed interest rate, however, this may change because big changes are being prepared. However, if someone met another bank not listed here, please send me a message or comment and I will check and complete the list.

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A loan for any purpose http://mercygraceforgiveness.org//a-loan-for-any-purpose/ http://mercygraceforgiveness.org//a-loan-for-any-purpose/#respond Sat, 29 Feb 2020 07:33:02 +0000 http://www.mercygraceforgiveness.org/a-loan-for-any-purpose/

Each of us once found ourselves in a situation where suddenly the wallet “got empty”. What’s more, usually at such moments come unplanned expenses. Suddenly the car, washing machine, and fridge break down … In those moments one thinks: where did I come from will I take all this money? With help at a time of financial crisis, a loan will come for any purpose.

Unplanned expenses or everyday problems affect everyone us

Unplanned expenses or everyday problems affect everyone us

They are simply inevitable. It is important in these situations to keep calm knowing that “always after winter spring is coming, ”or every crisis must one day pass. That’s why cash loans are so popular, which can be spent on any purpose. They are already provided not only by banks but also by other financial institutions and even private individuals.

Let’s start with the oldest form of obtaining a loan for any purpose. Is it a cash loan from a bank (or a cash loan). Loan offers to the bank is plenty and almost every bank serving retail customer has a loan on offer or a cash loan that can be used for any purpose. Nobody will ask us what we will spend on this one-way cash. Although we have many offers on the market attractive loans and credits there are only a few suggestions.

Unfortunately, a long disadvantage is the bank drawback waiting for payment. That’s why a lot of people decide to use the loan online payday loans. Here we have a dozen to choose various companies offering this quite specific type of loan. And although payday loans are famous for that they are very expensive, there are some really interesting offers, which can be found here.

Some institutions offer payday loans totally behind free

Some institutions offer payday loans totally behind free

New customers can take out their first loan for free – without any hidden fees. There is only one condition: it must be our first loan with this lender and it must be repaid within 30 days.

We can also obtain a loan for any purpose from a private individual through an internet portal. This innovative system came to us from the west.

A social loan, because we are talking about it, is granted by a person private, who will previously register for a special one internet portal. In this case, however, to receive the money we must convince the investor (i.e. the lender) that it is really worth it to our trust.

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How to get a Wedding credit? http://mercygraceforgiveness.org//how-to-get-a-wedding-credit/ http://mercygraceforgiveness.org//how-to-get-a-wedding-credit/#respond Tue, 25 Feb 2020 06:58:56 +0000 http://www.mercygraceforgiveness.org/how-to-get-a-wedding-credit/ The costs incurred by the wedding and reception are considerable. Not everyone can organize everything out of savings. Therefore, more and more people decide to take out a loan for this purpose, a loan in a bank.

Wedding, wedding happens once in a lifetime and many people He dreams of a loud, unforgettable party even for borrowed money. Let’s check what type of loan is best for a wedding?

Getting money to organize a wedding and reception is not easy

Getting money to organize a wedding and reception is not easy

Few people put aside money for such expenses nowadays. Most people in our country do not think about accumulating savings for the future at all. Therefore, on the one hand, we are happy about the arrival of the dream one, in which we will put a wedding ring on the finger, and on the other, we are afraid of the high costs of the wedding. A bank can come to the rescue by granting a loan for this unique purpose.

Regardless of whether we are parents or maybe we are looking for funds to organize our own wedding, we should remember that each loan is easier to get than to pay back later. Let him decide
about taking out a loan for a wedding will be thought out and aware that debt does not become a problem in a new way of life.

Let’s start with a list of all expenses related to the wedding and the wedding. Let’s also determine our current financial situation to calculate the amount we are going to apply for in the bank. It is very important to then analyze how much monthly we are able to spend on repayment, i.e. on the loan installment.

The next step will be choosing the type of bank loan. We can take out a cash loan or a mortgage for wedding expenses. An ordinary cash loan is definitely a simpler solution due to the time it was granted and the possibility of free early repayment. A mortgage is a process of around 1 month, plus notary costs, valuation, etc. Early repayment with a mortgage is about 2% for the first 3 years.

A cash loan does not require collateral

A cash loan does not require collateral

However, it is definitely a more expensive solution compared to a mortgage, which is perfect for expenses related to the organization of the wedding and reception. Unfortunately, a mortgage loan is quite difficult to obtain due to its low cost. To receive it, you need to present a lot of documents in the bank, and the payment is often made several weeks after the application is submitted. The mortgage loan is secured by the borrower’s real estate.

Wedding costs and weddings rarely pay off, so let’s also take this into account. It is difficult to determine what amount we will be able to give back immediately after the wedding (from the money received as a wedding gift). Therefore, when borrowing for this purpose, remember that common sense can turn out to be our best adviser.

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Get a Loan in a foreign bank http://mercygraceforgiveness.org//get-a-loan-in-a-foreign-bank/ http://mercygraceforgiveness.org//get-a-loan-in-a-foreign-bank/#respond Tue, 25 Feb 2020 06:57:30 +0000 http://www.mercygraceforgiveness.org/get-a-loan-in-a-foreign-bank/

As a citizen of the European Union, we can travel without a passport and work abroad. Foreign banks are also open to us, where we can take out a loan. A loan is also available in Poland in foreign currency, but it’s not easy to receive today.

Why does credit in a foreign currency seem more attractive to us? The answer is simple – such a loan can simply be cheaper, and this is usually the most serious argument when making any liability to the bank. When the banking supervision tightened the criteria for granting loans in foreign currency by Polish banks, not everyone has the opportunity to take advantage of such an offer.

The most common reason is insufficient creditworthiness

The most common reason is insufficient creditworthiness

For a loan denominated in a foreign currency, the creditworthiness is calculated on the basis of an amount of 20% higher than the actual amount of the loan. You can blame it on Recommendation S, forcing banks to propose primarily USD loans. Unfortunately, the loan in USD is usually more expensive and the monthly installments are higher.

One of the European directives is that all members of the European Union can take loans at any bank throughout the community. But this applies primarily to consumer loans in the amount of USD 200-75,000.

The purpose of the new regulations is access to a wide range of services. Banks are forced to provide accurate information on the conditions of granting loans – so the offer cannot lack information on the amount of the monthly installment, the amount of the commission and the annual interest rate.

All these parameters must be calculated according to harmonized rules

All these parameters must be calculated according to harmonized rules

With access to such detailed messages, the customer can check which offer is the best. If domestic banks are unable to offer attractive terms, then you can easily look at the offers of foreign banks.

Another important provision of the directive is the consumer’s right to opt-out of the bank’s services. Even if we sign the contract, but within two weeks we come to the conclusion that its terms do not quite suit us, we can cancel it.

Such an operation will not impose any additional costs on us. Possible early repayment will also be made. In this case, however, if the bank decides that too early a return of the debt will cause him great losses, he will have the right to expect financial compensation from the client.

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When Debt Consolidation Pays Off and What It Offers http://mercygraceforgiveness.org//when-debt-consolidation-pays-off-and-what-it-offers/ http://mercygraceforgiveness.org//when-debt-consolidation-pays-off-and-what-it-offers/#respond Thu, 06 Feb 2020 15:13:14 +0000 http://www.mercygraceforgiveness.org/when-debt-consolidation-pays-off-and-what-it-offers/

Today, financing has been stipulated for purchases of various kinds, from cars to smartphones, from holidays to furnishings. By accumulating debt, the management of installments can become very complicated and the economic burden unsustainable in the long run. In these cases, debt consolidation is convenient, but how does it work and what does it offer to the consumer in difficulty?

Legislation that establishes debt consolidation when convenient

Legislation that establishes debt consolidation when convenient

Before discussing why debt consolidation pays off, it is best to clarify what it is. It is an instrument that is regulated by the decree-law 212/2011, useful for dealing with situations in which there is a strong indebtedness.

The consolidation essentially corresponds to a loan thanks to which the other loans are paid off. The previous installments are thus transformed into a single installment, which will have a lower value due to the effect of a larger amortization plan and a rate which in some cases is even lower.

By stipulating a new loan, new repayment terms are defined. From a practical point of view, debt consolidation is convenient because instead of paying several installments, the debtor pays only one and of lower value.

Requirements relating to when it is convenient to do debt consolidation

Requirements relating to when it is convenient to do debt consolidation

To obtain the consolidation loan, the client must contact banks and finance companies. His profile will then be analyzed, only if he has a solid credit profile will he be granted the loan.

The applicant must have guarantees and adequate income. Those who have experienced serious problems in repaying previous loans and are poor payers, very often do not receive the desired credit. The risks associated with the customer must be rather moderate overall.

Sometimes the lender requires a guarantor as collateral, but only for the most risky customers. Obviously, the applicant must submit to the provider all the documents that are necessary to certify his position.

When checking the contractual conditions, the consumer must pay attention to deadlines and installment values, without neglecting rates, costs and APR. The penalties that are determined in the event of a default condition should also be analyzed.

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