Borrow money from private company.

The issue of lending money from the private sector always comes up when your own financial possibilities are exhausted and the banks do not grant a loan because the creditworthiness is not given. The reasons for this can be as different as the people it affects. Some have no work, some have negative private credit checker information, and some are ill or simply earn too little to get a loan from the bank.

Different ways to borrow money

Different ways to borrow money

When it comes to smaller amounts that you want to borrow, you can ask relatives or friends who will be happy to help out if they have not been disappointed so far. But even if it is in the family or with friends, a written contract should be made. The contract can be made informal, should contain the borrowed amount and the repayment modalities and should be signed by both partners with the date. So the borrower always has something in hand if the repayment fails to materialize. As is well known, friendship ends with money. That means, maybe it is better from the start not to borrow money from friends, but from someone else’s.

Social lending is on the rise

Social lending is on the rise

More and more platforms on the Internet now offer the possibility to borrow money privately. The best known is centiloan, the credit marketplace where lenders and money seekers can be found. The private lending business is booming. Private investors certainly want to make more out of their capital than is currently possible with overnight or fixed deposits. Interest is in the basement, and lending money as a private investor can generate decent returns even in times of low interest rates.

At centiloan, you can borrow money from other private individuals by posting an attractive loan project on the platform for which private lenders develop interest. In the project, the loan seeker has to explain his personal situation and what the money is needed for. Here people borrow money for a trip, money for self-employment, money for a cosmetic operation or just 500 USD for a simple car repair. The private investors are free to decide whether they want to invest in a project or not. The amount that is invested can also be chosen freely. In the end, it is possible for several donors to finance a project. The payment of the loan, the repayment, the credit check and other formalities are carried out by centiloan, which works with a bank.

Borrowing money privately and the associated benefits

Borrowing money privately and the associated benefits

  • The loan is for free use
  • It is not a bank that decides, but a private investor
  • Self-employed people and freelancers also have a good chance of getting credit
  • Maturities between 12 and 60 months are possible
  • The borrower largely determines the interest rate himself
  • Employers and house banks are left out

For people who need a loan that the bank denies them, borrowing money privately can be a recommended alternative. If you are convincing with your project, you will get the money you need quickly and probably drive it cheaper than at a bank.Private investors bear a certain risk. While they cannot lose their money, it is quite possible that their return expectations will not be met if the borrower does not repay their loan.However, the centiloan or trucredit platforms, and as they are all called, would not be as successful if the majority of private donors did not have a good experience.

Loan for debt restructuring – how to get it.

A loan for debt restructuring is a good idea for every borrower and for the lender – if it is communicated and applied for correctly – it is also an opportunity to grant a good loan. This approach can certainly be best compared to that of a company that is reorganizing its supplier relationships or consolidating its bank details. The loan for debt restructuring should definitely lead to lower interest rates and thus to more available free purchasing power.

The indication of the purpose is important

The indication of the purpose is important

The simplest case for the loan for debt restructuring – and at the same time the most money-saving variant – is the simple rescheduling of an existing overdraft facility with an often double-digit interest rate on a cheaper consumer loan, perhaps even at the same bank. This also offers the chance to keep track of the repayment.

For example, if you want to redeem a overdraft facility loan of just over 2,000 USD, you pay just over 100 USD per month for interest and repayment over a two-year term. In the case of a overdraft facility, the checking account is always in the red and the borrower too easily loses the overview of what has already been repaid and what balance should be reached if the repayment is scheduled.

Debt restructuring can also be useful for multiple loans

Debt restructuring can also be useful for multiple loans

A loan for debt restructuring is somewhat more complicated if the borrower has taken out several loans. Perhaps the total monthly installment is still too high, but the installments can still be paid and paid on time. Then it is high time to reduce the monthly charge before a negative Credit Bureau entry occurs. The total amount of the loans is replaced by a single, new loan and the old loans are repaid directly from this new account. The relief to the borrower results from the fact that the monthly installments are somewhat reduced by the loan term being slightly extended.

Here, the main advantage of taking out a loan for debt restructuring is not the interest savings, but rather the fact that the monthly charges are reduced due to the extension of the term. If you use one of the flexible loans from the new credit providers, unexpectedly received funds (such as bonuses or overtime payments) can be used at any time to immediately reduce the debt burden. Then the advantage clearly lies in the clear structure with only one contract partner, who is also extremely flexible.

Taking out a loan for debt restructuring is therefore one of the best ideas that can be implemented. However, you should not immediately use any overdraft facility that becomes available for new debt.

Credit card with fuel discount – See card with fuel discount

Due to market competition, the card companies enter into agreements with other types of companies about bonuses or discount schemes if they use the credit card to pay for a product or service. One of these discount deals that has become hugely popular is fuel rebates.

 

Overview: Fuel discount card

Overview: Fuel discount card

Here we have made a full list of credit cards that offer fuel discounts included in the credit card. You can use this overview so that you have a basis for comparison and can see which of the credit cards best suits your wishes and purposes and at the same time offers low interest rates and low effective interest rates.

If something is unclear or you want more in-depth information about a credit card, all are provided with direct buttons to the company’s website where you can read in detail about all the terms and conditions as well as all the benefits and benefits included in the various credit cards. You also have access to the online application form, which you have to fill out and submit when you have found out which company (s) you want to apply for.

There have been very many who offer cards with a petrol discount and for that reason you can almost choose which fuel supplier you want to use most. Maybe you have a fixed station you are thinking of and therefore are most served with a card that has an agreement with that provider. No problem, use the overview and you will find a card that meets your criteria.

 

Simple and fast application process

car fuel

The application process is very simple and fast, you click into the page of the card you want. There you will find a simple online application form where you fill in your personal number, social security number and the desired amount, which you submit. The card company makes a credit assessment and if you do not have payment remarks or other negatively registered, the chance of a positive response is only shortly after you have applied.

 

Perfect solution if you are going to drive a lot of car

Perfect solution if you are going to drive a lot of car

Not many people associate credit cards with saving money, but this is actually the case if you use a card with good fuel discounts fully and at the same time be careful to pay used credit or agreed monthly amount on maturity. Then you will be able to save money well.

And if you are also a person who drives a lot or you have two cars in the family that makes the fuel consumption a month high and you use the fuel discounts that come with many credit cards yes then it is amazing enough that you can save large amounts.