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Payment by credit card on the Internet: how it is safe!

More and more people are buying and paying online with a credit card. So that there is no bad awakening, there are a few things to consider when using your credit card and the respective online shops. See http://www.triakel.com/pawn-car-and-other-ways-to-get-fast-money/ for further editorial

Security is very important when paying by credit card

Security is very important when paying by credit card

The credit card number is entered for payment, never the PIN. However, many online retailers ask for the three-digit card verification number, which is located on the back. This can ensure that the customer has the credit card.

In principle, your own computer should be regularly scanned for viruses so that the credit card data cannot be intercepted by a malware program when paying. It is also advisable to only pay with a credit card on a private computer, since the security of data on public computers can often not be guaranteed. When paying with a smartphone, you should also carry out a security check in advance. Theft of the credit card data can otherwise cost you dearly.

What should be considered with online shops and services?

What should be considered with online shops and services?

For websites that are not located in Germany, you should also exercise caution, because in other countries the legal situation is often very different from here. Various quality seals and customer reviews play an important role when choosing the online shop. You should also take a look at the legal notice and the general terms and conditions. This also enables you to find out whether the online shop is serious.

What should be considered in your own behavior?

What should be considered in your own behavior?

Never give out your credit card details via email or short message service. These could be so-called phishing e-mails, in which consumers are asked to transmit the credit card data.

You should delete such emails immediately. Online shops will never ask you for your credit card details by email. For security reasons, it is also not advisable to pass on your own credit card or PIN to friends or family members.

Another common mistake is to enter the PIN code on the Internet when paying by credit card. This is only required for verification for a payment in retail and at the ATM.

Is credit card payment secure?

Is credit card payment secure?

The credit card stands out from other payment methods thanks to its flexibility. If you take these tips into account, you can pay with a clear conscience on the Internet, because security is high for you as a consumer. With a credit card you usually have buyer protection , so that you can get your money back if the paid service was not provided by the online retailer.

The reasons for this are different, for example if your ordered goods were not delivered. In this case, you must contact the bank to describe the facts. Once the fraud has been proven, the money will be refunded to you.

Conclusion

Conclusion

With no other means of payment than with a credit card, you can pay so flexibly and quickly. If you follow the important security precautions, you shouldn’t have any problems with credit card payments on the Internet, but you can look forward to simple, convenient and secure shopping.

The most important information about your creditworthiness?

Low creditworthiness is one of the most common reasons for which people will meet in banks with loan refusals. So we know what effects it can have for us. Therefore, it is definitely worth expanding your knowledge of creditworthiness. Even if it seems to us that we will never take any credit, life can surprise us, and then it is better to be prepared for everything. Then what do you need to know about creditworthiness?

What exactly constitutes creditworthiness?

What exactly constitutes creditworthiness?

The expression “creditworthiness” is likely to be known and heard by many adults. However, most people have no idea what’s really behind it. Creditworthiness consists of factors such as:

  • amount of revenues
  • cost of living
  • other financial liabilities held
  • act
  • education
  • form of employment.

In addition, frequent submission of various credit inquiries may disadvantage our creditworthiness, especially if we receive a negative response.

The amount of income, cost of living, employment form and other financial liabilities are quite obvious factors. What about the rest? Age is important for the bank mainly in that usually its limits are used (eg 65 or 70 years). Education is not a very important factor, but the higher it is, the better – sometimes even this can prevail about whether the loan will be granted (especially in the case of long-term loans).

Low credit standing can be improved

Low creditworthiness does not mean that we have already lost and we will never be able to get a loan. Just as creditworthiness can decline, so can it increase. Both in completely obvious ways (for example, as a result of receiving a raise at work), but also in ways that we could not necessarily come up with alone.

If you want to increase your credit standing, see here. It will turn out that with a little effort it is possible, even in a bad situation.

Creditworthiness is not everything

Creditworthiness is not everything

Creditworthiness is undoubtedly extremely important, but even if it is high, it does not automatically mean that without any problems we will get the loan we want. We must not forget about something as important as credit history.

What is credit history? This is the story of our current and repaid liabilities, namely whether all installments were repaid on time and, if not, how late.

Having a negative credit history has a very bad effect on us – then we seem to be an unreliable and unreliable customer. Contrary to appearances, an empty credit history is also not good for a potential borrower. Therefore, be sure to check how to build a positive credit history.

How to obtain a mortgage loan?

 

More and more people are applying for a mortgage. However, this is not surprising. Such a loan allows you to switch to your own, ie buying your own home, apartment, etc. Many people dream of such an opportunity. Unfortunately, the conditions for obtaining a mortgage are quite restrictive. Of course, it all depends on the particular banking institution. Nevertheless, you have to consider different criteria anyway. What? What conditions must be met to be able to count on getting such a loan?

What are the conditions for obtaining a mortgage?

What are the conditions for obtaining a mortgage?

It should be emphasized that many banks pay close attention to the age of the borrower. It is assumed that the optimal number of springs on the back of the neck is a maximum of 35. Of course, the range starts from 18, because you have to be of legal age, but you probably do not need to explain to anyone.

It is worth noting that banks are very restrictive towards older people. Why? It is very easy to explain. It should be emphasized that a mortgage is usually a long-term commitment for a dozen or even several dozen years. Therefore, if someone is 45 years old at the time of application, then they are unlikely to receive a loan for 30 or more springs. You should be well aware of this fact. In general, the upper limit is approximately 70-75 years,

What else affects the issues of getting a mortgage?

What else affects the issues of getting a mortgage?

Of course, this is a credit history. Banks are the most supportive for people who have positive credit or loans experience. Subsequently, borrowers who have a clean file in this regard are best perceived. Of course, the situation is worst for people who had paid off various obligations in earlier years, but had trouble regulating such issues in a timely manner … It must be clearly stated – such people will almost certainly not receive a mortgage.

However, this is not all. It should be noted that banks are also focusing on current revenues. Of course, the more you earn, the more likely you are to get a mortgage. The other side of the coin, however, is that current liabilities also count. So if someone has a lot of expenses, then their creditworthiness suffers. The form of employment is also important. People who perform tasks based on an employment contract are perceived best. It should be noted that currently applicants for a mortgage must also take into account their own contribution. Currently it is 20%.

Can’t get personal credit approval? Find out why.

Have you seen your personal credit application rejected? It is important that you understand why this happened so as not to repeat the same mistakes in a next order.

First of all, you should understand how financial institutions determine whether to grant a loan or not. Then, see below, what are the various reasons that can cause a financial institution to deny you credit.

 

1. Your name is on the “black list”

name blacklisted

The first step is to confirm that your name is on the Credit Responsibility Center, popularly known as the “Banco de Portugal blacklist”. In this list, you can find the names of all people who have financial defaults. If your name is on the list, no bank in Portugal will be able to grant you a loan, at least until you correct those defaults. If this is the case for you, consider settling the arrears you owe and, after that, apply for credit again.

 

2. Has a very high effort rate

credit approval

Another situation that commonly leads to the rejection of personal credit is the fact that there is too much effort. Through this aspect, banks ensure that no one is financed beyond their means. The healthiest, financially speaking, would be that the loan installments do not exceed 15% of your income. As a rule, when the monthly installments of your credits exceed 30% of your earnings, the request for access to personal credit is declined. Do the math and see if this was the factor that weighed in the decision

 

3. Provided incorrect data

credit data

In order to get their credit application approved, some people use third party data or put outdated information on the forms, hoping that the banking institution will not notice the inconsistency between the data. This is a bad move, since the institution always does its own analysis of the candidate and, when discovering that information such as income or address is out of step with the reality, the trust that is deposited in him declines and the most likely is not get credit.

 

4. You don’t have a stable professional situation

4. You don

Much of the rejected personal credits are due to the lack of a stable professional situation. You must be prepared for some aspects of your life to influence obtaining credit, such as your employment relationship. Public sector workers, for example, tend to have greater job stability, which makes them, at this point, considered more likely candidates to obtain credit.

 

5. Your profile does not match the credit you requested

personal credit

Finally, you should know that it may not be your fault or your current financial situation. Sometimes your application can be rejected simply because your profile does not fit the profile of the financial institution or the type of credit you have requested. You should also consider that not all financial institutions use the same model for assessing loan applicants, that is, it was rejected by one institution, but it may well be able to be accepted by another.

So, if you didn’t get personal credit approval, don’t give up. You can always try to improve some aspects mentioned here and then try again to obtain credit from another financial institution. If you decide to have an intermediary at your side, the whole process will be facilitated and you will get approval quickly.

Loan for civil servants for life

If you want to take out a loan for civil servants for life, you are certainly one of those customers who get the best possible loan conditions from the banks. Because civil servants have no fear of a pension gap, nor are they affected by the significant deterioration in protection against dismissal for industrial workers. With a loan for civil servants you should therefore pay attention to the following:

Provide clear information in the loan application

Provide clear information in the loan application

The clerk at the bank processing the loan application cannot infer what professional status an employee has in the public service. If you are an applicant in the civil service, you are in a temporary position (such as for a temporary soldier) or you have already been appointed as a civil servant for life.

This information will have a not inconsiderable impact on the monthly income and creditworthiness. Make sure to provide the correct information, because no one can deduce the exact professional position from the employer information (e.g. senior finance directorate).

Starting from today’s pay group

Starting from today

Otherwise, the decision of the borrower is much easier than with many others: the pay groups and tariff levels are fixed and with the exception of one official post, which may be transferred to the test for 6 months, a downgrading to a lower level is the absolute exception.

Therefore, with a loan for civil servants for life, you can usually assume the existing income situation and update the monthly budget balance with a clear conscience. If you then set a monthly rate that is not too high, borrowing and monthly repayment will be very convenient and easy.

Young officials should consider maximum amounts for the loan amount

Young officials should consider maximum amounts for the loan amount

Public sector borrowers should, however, observe some internal regulations and instructions for which they can obtain further information from the personnel department. Since the insidious attacks of September 11, 2001, the circle of officials who have to pass a security check under the Security Check Act has been expanded. This provides for orderly financial relationships – even after being hired or taken on into the public service. Therefore, a real estate loan or a private customer or consumer loan is perfectly ok.

However, if this leads to extensive and excessive visible consumption, the official should warn his professional environment easily and carefully. Before there are misunderstandings about the revenue situation. Otherwise there is nothing standing in the way of a loan for civil servants for life.

Instant credit without Credit bureau in 24 hours payment.

Instant loans are becoming increasingly popular. Favorable conditions and convenient registration from your own PC contribute to this popularity. The fast processing of these loans is also gladly accepted. There are often only 24 hours between the loan application and the payment.

To benefit from this quick payout, the borrower must have a good credit rating. In addition to sufficient income, this also includes positive Credit bureau information. But the borrower who has negative entries in his Credit bureau can also get an immediate loan without Credit bureau in 24 hours.

The instant loan without Credit bureau in 24 hours payment and the prospects

The instant loan without Credit bureau in 24 hours payment and the prospects

The instant loan without Credit bureau in 24 hours payment can only be made through a credit agency. These credit intermediaries work with Swiss banks whose credit transactions do not provide Credit bureau information. No approved loans are reported to Credit bureau. In order to apply for an instant loan without Credit bureau in a 24-hour payment, an online form must be completed at the relevant credit intermediary. After sending the form away, an offer will be made within 24 hours, but it is not binding.

Since the loan request is subject to a complex process, the loan amount cannot be paid out in 24 hours. As soon as all the requirements for an instant loan without Credit bureau have been met, the applicant will receive the credit contract by post. The signed credit agreement must be sent back to the bank with proof of wages and possibly also bank statements. Once the documents have been checked, the loan amount is transferred to the specified current account, but can also be paid out in cash.

The conditions

The conditions

The most important conditions for an instant loan without Credit bureau are a regularly incoming and correspondingly high working income. The borrower must also have a permanent employment contract that has been in place for at least 12 months. In addition, the regulation for an instant loan without Credit bureau in 24 hours payment states that the borrower must be a German citizen and should be resident in Germany.

As proof of their creditworthiness, the loan seeker must send the last two pay slips or a copy of the ID card to the lender. If these requirements are met, a Credit bureau-free loan of USD 3,500 can be granted. With a high income, a higher loan amount may also be possible. With this type of loan, care should be taken to ensure that no upfront costs are charged. Reputable credit brokers only charge their fees after the loan has been paid out.

Consumer credits: spectacular growth in 2019

Consumer credits show spectacular growth quarter after quarter according to figures from the Cream bank, to approach 190 billion USD in outstandings! Auto financing remains one of the driving forces behind the loan, particularly used vehicles.

Particularly scrutinized in 2019 in this year “post yellow vests”, the purchasing power of the French was not satisfied with government measures to have more free cubits: consumer credits also participated in the realization of many projects . After growing 5.1% in the first quarter and 5.7% in the second, they gained 6.7% in the third according to figures published by the Cream bank. In 2017 and 2018, annual growth was 5.9% (+ 5.1% in 2016). In total, outstanding consumer credit exceeds 187 billion USD. It is 50 billion more than five years ago.

Affordable rates at European level

Affordable rates at European level

Why such a dynamic? Lower rates. As in stone, consumer credit rates fell in 2019, although their average level remains above the conditions for financing a property. Average interest rates on revolving, overdraft and miscellaneous loans stood at 5.4% (-0.2 points compared to the start of the year), those on new depreciable loans fell to 3.5% (- 0.3 point compared to the previous quarter). Levels “close to the lowest historic levels observed since 2003 and lower than the average for the USD zone” according to the Cream bank.

Auto Credit Goes Up A Gear

Auto Credit Goes Up A Gear

The emergence of auto credit on the second-hand market is the other reason for this strong growth. A summary figure this observation quite obvious: + 147.5% in Q3! If we refer to data from the French Association of Financial Companies, the financing of used cars (car loan + rental with purchase option) had increased by 12.2% after three quarters. Figures that contrast with the financing of new cars (-0.5% over the same period)!

Meanwhile, over-indebtedness is declining

Meanwhile, over-indebtedness is declining

If this “overheating” of consumer credit encourages professionals in the sector to remain vigilant about the level of over-indebtedness of borrowers, the latter recalled in the columns of Lite lender their rigor in risk management. The Lagarde law of 2010 had strengthened information on consumer credit and ten years later, the number of over-indebtedness files continues to decrease: almost 20,000 less in 2019 at the end of November compared to the same period l ‘last year !

Home construction loan make your dream come true!

Getting a loan is a serious decision, especially if it’s about buying or building your own home. However, if we take a loan to build a house, we can count on the fact that all formalities – from submitting the application, through the financial verification of the borrower, technical verification of the property, to signing the contract and paying out the loan – will close in about 4 weeks, in the case of a loan for the construction of a house we have to reckon with the fact that it will take more time.

Submission of a loan to a house for building a house

Submission of a loan to a house for building a house

The loan for building a house is more complicated on the formal side, mainly due to the documentation we are required to provide to the bank. When applying for a loan, remember that the bank will not agree to finance construction if you are not yet the owner of a construction plot on which you want to build a house. The plot may be treated by the bank as its own contribution.

The next step is to complete the documentation needed to submit the application. In most banks, the list of documents is as follows:
– copy of ID. Some banks may also require a second identity document (e.g. driving license or passport);
– a document confirming the source and amount of income received. Most often it is an employment certificate completed by the employer on a special, bank print (such certificate is valid for one month, after its expiry the bank requires the certificate to be reissued);
– if you run your own business, you will need documents confirming the company’s income,for the previous year, as well as company data;
– plot and construction documents – current excerpt from the land and mortgage register, notarial deed of purchase of the plot or other document confirming ownership, current excerpt from the land register, decision on building and land development conditions, decision on building permit, journal and construction project.

After completing all the necessary documents and completing the applications and cost estimate (in which we include the estimated costs of performing all construction works and the deadline for their completion), we must wait for the bank’s decision. The deadline for obtaining a decision may be different, however, by statute, it cannot last longer than 21 days.

Loan payment and settlement

Loan payment and settlement

The loan for the construction of the house is paid out in tranches, i.e. the bank divides the entire loan into parts, in line with the items we include in the cost estimate. Money from the tranche must be used for the works indicated in it. After using the amount of the tranche, we turn to the bank to settle it and apply for the next one to be paid out. Then the bank sends an appraiser who checks whether the money from the previous tranche was actually spent in accordance with the cost estimate.

The final stage of settlement of the entire loan is the acceptance of the building and the issuance of the occupancy permit by the building supervision inspector.