jendelakarir.com http://jendelakarir.com My WordPress Blog Fri, 19 Apr 2019 02:28:38 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.1 A loan from a family or from a loan company? http://jendelakarir.com/a-loan-from-a-family-or-from-a-loan-company/ http://jendelakarir.com/a-loan-from-a-family-or-from-a-loan-company/#respond Fri, 19 Apr 2019 02:28:38 +0000 http://jendelakarir.com/a-loan-from-a-family-or-from-a-loan-company/

 

We can borrow money not only from the bank. We can also take advantage of offers from loan companies or simply ask for help from our relatives – parents, siblings and parents-in-law. What is it worth deciding when we need extra cash ?

A good loan does not have to cost us a lot. However, it is worth taking the time to find one that will also be comfortable for us. Often, it seems to us that the best solution is a loan from someone in the family – we do not have to pay any costs as in the case of ordinary loan offers. On the other hand, not everyone in our family has the money to borrow money or simply they may not have the amount we need.

A loan from a family – what is worth remembering about?

A loan from a family - what is worth remembering about?

When someone from the family can borrow money, in this case it is worth making a contract. In the case of an amount from PLN 500 and up, it is indicated. Such a contract then secures each of the parties to the transaction. We can download the contract template without any problems from the Internet, print it and fill it. Two copies should be prepared.

However, we must remember that loans in the immediate family may be connected with the need to pay tax! Loans among the closest family, that is when the spouse, children, grandchildren, parents, grandparents, siblings, parents-in-law, take them, we must notify the tax office.

When we borrowed less than PLN 9,637 from one person in 5 years, we do not have to report it anywhere and we do not pay tax on it. Higher loans must be reported to the tax office and properly documented, because otherwise we will have to pay a considerable tax!

Or maybe a loan from a loan company?

If the loan from the family is not an option, in this case we have nothing else to do but to go to a bank or loan company. We should remember that banks have higher requirements, while in non-bank companies it will be easier to borrow – especially for smaller amounts. We can also receive such loans via the internet.

Loans from loan companies are available at your fingertips – we do not even have to provide documents confirming our income to get the sum we need. Of course, a lot depends on how much you want to borrow. When this is a larger amount, the best will be the installment loan, for which we can go to the loan company stationary or we can apply for it online, that is, we can arrange everything from our home.

The advantage of borrowing from the company is the lack of need to involve the whole family. Many of us certainly know that loans from loved ones may be easy to get, but then they can cause a lot of family tensions. In addition, the borrower may feel indebted to the lender not only financially but also morally. If we do not want to become addicted in this way from another person, simply choose a cash loan from the loan company. We will pay more for it, but we will not have to ask for money from someone close to you, which can also be embarrassing.

 

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Consolidation Loan What is it? Consolidation of Debt Explanation http://jendelakarir.com/consolidation-loan-what-is-it-consolidation-of-debt-explanation/ http://jendelakarir.com/consolidation-loan-what-is-it-consolidation-of-debt-explanation/#respond Wed, 27 Mar 2019 03:00:44 +0000 http://jendelakarir.com/consolidation-loan-what-is-it-consolidation-of-debt-explanation/

What is consolidation loan?

What is consolidation loan?

A consolidation loan is the replacement of several loans with one stable installment. Thanks to it, it is possible to regain financial stability, improve the liquidity of the household budget, as well as its easier control. In addition, it brings lower costs. It is a loan, thanks to which we will be able to pay off previous obligations, such as the repayment of a car loan, traditional loans or debt that appeared on the credit card. gs-cards.net for further explanation

Why consolidation loan is important?

Why consolidation loan is important?

It is important that the prospective applicant for the consolidation loan should settle the existing liabilities on time. If this is true, the borrower will be able to count on a higher loan amount, thanks to which we will be able to improve financial liquidity. Irrespective of the amount of the consolidation loan, this form of loan will be beneficial only if the conditions of the present obligations will be unfavorable in the light of the current market offer. Due to the fact that the interest rate changes as in a kaleidoscope, old loans can be provided with a higher percentage than the current one. With consolidation credit, the costs of lending decrease as well as the amount of the installment. We can expect the best conditions when the consolidation loan is secured by a real estate mortgage. Mortgage loans distinguish low rates of their interest rate.

Another way by which we can reduce the value of installments in the case of a consolidation loan is to extend the loan period. The repayment of all liabilities incurred will be spread over a longer period of time, which in turn will translate into smaller values ​​of individual loan installments. This difference may even amount to several hundred zlotys, but it is worth remembering that such an operation brings a higher total amount of credit. And although loan installments will be smaller and offload the budget, the borrower will have to take into account the need to repay additional interest. It is worth taking into account this option before making a decision about a consolidation loan, so that you do not regret this decision later.

In addition, it is worth taking a closer look at existing loan agreements and checking them in terms of entries referring to the commission for early repayment of a given liability. And although, at first glance, consolidation loan is a great solution for current debts, it is worth bearing in mind that not every consolidation will be a positive response to our problems. Proposals from different institutions will actually differ from each other, so it is worth considering the consolidation loan offer sensibly. An alternative might be to compare interest rates, as well as the amount of commission recorded on the cards of each institution.

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Credit Restructuring for Businesses | Professional Loan Broker, Corporate Financing http://jendelakarir.com/credit-restructuring-for-businesses-professional-loan-broker-corporate-financing/ http://jendelakarir.com/credit-restructuring-for-businesses-professional-loan-broker-corporate-financing/#respond Fri, 25 Jan 2019 07:19:48 +0000 http://jendelakarir.com/credit-restructuring-for-businesses-professional-loan-broker-corporate-financing/

 

 

Restructuring a company’s loans can reduce its financial burden and allow it to return to an economic equilibrium. Here are some details about this refinancing solution. An explanation over at http://beneathbuddhaseyes.com

 

The Principle of Credit Restructuring

 

 

For business executives who want to anticipate a decline in their company’s activity, credit restructuring appears as an interesting solution.

It is a device that consists of consolidating several loans into one professional credit; it gives rise to a renegotiation of the loan or loans with a view to reducing their interest rate.

This restructuring operation then makes it possible to reduce the monthly expenses of the repayment by lengthening its duration. It is in this sense that this professional refinancing system consolidates the company’s equity, cash flow and working capital.

 

 

The Role of the Broker

 

The Role of the Broker

 

The loan restructuring process takes place through the purchase of a professional credit or the repurchase of several credits that may concern real estate, equipment, etc., from the financial institutions where they were contracted.

Usually, the business owner solicits a finance intermediary or a loan buyback broker who will be in charge of negotiating with banks to obtain a favorable rate.

Thanks to its address book and its good knowledge of the financial community, this finance intermediary is able to find the best credit restructuring offer for the company.

 

 

 

A Solution for Refinancing Professional Debts

 

The role of the broker

 

Unlike a credit buy-back for individuals, the restructuring carried out by a company that wishes, for example, to break down its liabilities is specific.

Its manager is not obliged to redeem all loans that are related to his company. He can select the loans he wants to optimize to reduce his monthly payments and improve his result.

It should also be noted that this approach to buy back professional loans is also a solution for the refinancing of professional debts for SMEs, individual entrepreneurs, craftsmen and liberal professions who are experiencing a difficult financial situation.

 

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