Only consider a credit for account settlement or equal bills? True, the discretionary interest is thrown out money.
Nevertheless, not every borrower succeeds in planning his rescheduling in such a way that at the end of the debt settlement. It is important to us to provide you with the food for thought, so that your debt restructuring works.
We do not want to sell you a loan. Our goal is to show you your credit opportunities.
Learn what loan is suitable for your debt restructuring and what is important.
Credit for account settlement – get rid of expensive dispo
About 50 percent of all account holders in Germany use the dispensing system. But credit for account balance think only a few.
Credit for account balance – 20 banks in comparison – apply now!
The dispo is convenient. If the account gets into the red, the bank says nothing.
This is the “world in order” for most account holders. A few seriously worry about the cost of borrowing.
Yes, the overdraft is expensive. But, with a little frugality, the account is already balancing out.
This is the tenor that most people use to be emotional. For the house bank a great deal.
In any case, it earns at least twice as much at the Dispo, compared to any regular installment loan. The span can be even higher.
Above 10 percent APR is the dispozins. The cheapest installment loan at about 2.5 percent APR.
On average, “regular account overdrafts” lead your current account with about 3000 USD in the red. At 10 percent interest overdraft costs an average of 300 USD interest a year.
In comparison, a installment loan with a term of 36 months costs only about 160 USD in three years’ time.
Balancing Dispo early
Credit for account settlement should be on the agenda at an early stage. To wait six months to do so costs at least as much interest as average installment credit in three years.
To hope for signals from the bank is pointless. With average income and secure job, the bank will not budge.
She can not invest her money better. The Dispo can be terminated at any time as a short-term loan.
The bank can react to any change. She does not have to consider a long-term agreement.
Cautiously, the house bank would be “stupid” to move. It would probably upset the good customer and spoil the business for themselves.
It will only react if the debiting of current invoices exceeds the dispolimit.
Credit comparison – clever debt repayment
Credit for account balance and current bills does not cost the same amount of interest everywhere. The interest comparison facilitate free credit comparisons in the network.
For this it is sufficient to enter only the required sum and duration. The rest is done by the software.
Low interest loans are mostly low interest loans. On top of that, it is easy for most to pass the credit check.
About small loan sums usually decides the software. Basically, an average score and a normal income are enough for approval.
Anyone who balances his account early on usually gets by without a guarantor or a lot of paperwork. It takes about 5 minutes to complete the application online. Together with the ID test by videoident, not half an hour.
Modern online credit is a mass product. With an average good credit rating, it takes about two to three days from application to payment.
On the day of the application, the hours for the high dispozins are counted. At the same time, cofinancing in a washing-up process is also allowed for current invoices.
A new acquisition is also nothing in the way.
MRP, because the bank warns – time to act
If you miss the right time, but the disposition continues to increase, will get mail from the bank. – Or the machine “advises” to the customer discussion.
Credit for account balance and open invoices is in a hurry. The bank is warning because the credit limit has been reached.
If a debit came at this time, the account is missing the necessary cover. A possible chargeback could complicate the account balance.
Many providers of installment credit demand the account statements. The reason for this is obvious.
The checking account is like a household book. It shows if the claimant is getting along with his money.
Also, whether lending is risky. For example, payments to debt collection or chargebacks due to lack of cover are alarm signals.
Credit for account clearing and rescheduling of current bills is not always easy under such circumstances. Banks may only agree to a loan if repayment is considered safe.
Currently, extremely low interest rates prevent them from creating buffers for problem loans. In difficult cases, nevertheless a favorable credit for two persons would be possible.
Risk Credit – fair credit despite obstacles
In short, risk loans are considered expensive. In the 2/3 example of interest rate comparison, interested parties recognize the price difference.
Risk-free credit is not arbitrarily expensive. Due to the higher effective interest rate, the bank creates the risk compensation.
It forms reserves. It can thus deal with a loan loss more easily.
The bottom line, even without suffering any loss. Actually a fair offer.
Above all, intermediaries offer risk loans. But, also the direct application route is possible. In the credit comparison, extra credit is the right offer for difficult cases.
From 3.95 percent APR, the bank offers debt restructuring. Extra Loan may serve as a credit for account settlement, rescheduling or even for free use.
2/3 of the borrowers, however, pay 9.12 percent effective interest. Another alternative from the credit comparison would be the “credit premium”.
This offer is from Fidor Bank. Even the broad range of credit-based interest rates shows room for maneuver.
From 3.76 to 14.67 percent annual percentage rate is possible. 2/3 of all borrowers still receive their loan for the settlement of dispositions at the effective annual interest rate of 7.02 percent.
Credit for Personal Account Settlement – Alternative to Bank Loan
One of the most famous names for serious private-to-private credit brokerage is Trucredit. The portal, like Creditend, brings together private financiers and borrowers.
Unlike a bank, private lenders decide freely about their money. You are not legally required to check the creditworthiness.
This is a chance when credit for account settlement is denied by banks. The loan procedure is slightly different than the bank loan.
The loan is applied for as a loan application. The portal publishes the loan request internally.
Investors may bid in installments. Approved credit for account balance and invoices, as soon as sufficient bids are available.
In addition an official number: 2/3 of all borrowers pay for their loan over Trucredit 13,5 per cent APR. The bottom line is not necessarily cheap.
But, still better, than trouble with open bills or the house bank.