Uncategorized – Payday Loans Online No Credit Check Instant Approval -Companyofcyclists.Com / Fast payday loans online uk -Payday Loans Tue, 21 Apr 2020 07:40:31 +0000 en-US hourly 1 https://wordpress.org/?v=5.6 Credit with Prosecution & Debt Default /credit-with-prosecution-debt-default/ Tue, 21 Apr 2020 07:40:31 +0000 http://www.companyofcyclists.com/credit-with-prosecution-debt-default/

When you apply for credit in Switzerland, not only from the credit organizations consult the ZEK, your credit history, but also CRIF and the prosecution offices that archive your past related to lawsuits and acts of default of goods.


Prosecution now?

Prosecution now?

Basically, to get credit, you don’t have to be sued. However, some organizations may be accommodating if prosecution is warranted .

Therefore, being prosecuted is a big handicap, but not necessarily insurmountable . For lawsuits that are still open but justified, we have the flexibility to negotiate for you with our banking partners so that your request is accepted.


No lawsuits currently, but in the past yes? Danger!

No lawsuits currently, but in the past yes? Danger!

Banks pay particular attention to lawsuits and acts of default on property paid for in the past.

Banks have 2 possibilities to access your history related to lawsuits and acts of property default.

Prosecution offices

Most prosecution offices now leave the registration of prosecutions and acts of default of paid property without the knowledge of the persons concerned. It is therefore very easy for a bank to access this information.


In addition, certain banking organizations consult an additional file called CRIF which gathers all your past in terms of lawsuits and acts of defaults of property in progress and paid . Thus, even if the extract from the prosecution office and its archives are blank, but on the other hand the CRIF file has inscriptions, you risk being refused.

This service helps banks make decisions about whether or not to grant credit. CRIF authorizes consumers and businesses to access their own credit information to facilitate the request for new financing or to monitor existing ones.

Your history is not indelible!

Our team is trained to help and advise you.

Thus, the preparation of our clients’ files necessarily involves consulting these databases.

In the case of registrations, we will take the necessary steps with you to have the lawsuits and acts of default of paid goods still registered , whether in the CRIF file or with the prosecution offices, struck off.

This is one of the elements that allows us to display a higher acceptance rate of files.


Defect of good = categorical refusal

On the other hand, if you have acts of default of property, expect a category refusal, you will not benefit from any negotiation margin.

BBI Mortgage Credit: requirements, advantages and procedure /bbi-mortgage-credit-requirements-advantages-and-procedure/ Wed, 25 Dec 2019 13:51:20 +0000 http://www.companyofcyclists.com/bbi-mortgage-credit-requirements-advantages-and-procedure/

The BBI Mortgage Credit offers benefits that adapt to your needs, offering customers a solution to acquire or build their own home. It has a variety of credit modalities so that each client can have several selection options. In the next post you will know the BBI Mortgage Credit: requirements , advantages and procedure that you must take into account when making the application correctly.


BBI Mortgage Credit: Advantages

BBI Mortgage Credit: Advantages

One of the advantages of the BBI Mortgage Credit is that you can have several types of credit and choose the one that best suits your needs:


BBI Fixed Rate

The BBI Fixed Rate Mortgage Credit is ideal for acquiring a home and rescheduling your debts through a fixed fee which you will choose during the entire credit period. Some of its advantages are:

  • The fixed rate mortgage loan has a credit term of 5 to 30 years to pay.
  • Offers up to 90% financing.
  • You get a month without payment per year that can be selected by the applicant.
  • You can take out the insurance of relief, fire and earthquake.


BBI Variable Rate

The BBI Mortgage Credit Variable Rate offers the possibility of accessing dividends lower than the market in the future. Some of its advantages are:

  • The variable rate mortgage loan has a credit term of 5 to 25 years to pay.
  • It offers up to 90% financing.
  • It offers a fixed rate for the first 1 to 5 years of credit, then it will change at a variable rate that will be fixed year by year depending on the TAB.


BBI Pay Half

In case you need help with the acquisition of a new home, the BBI Mortgage Credit Pays Half offers you convenience of payment in the installment of the acquired mortgage credit. Some of its advantages are:

  • You can pay half of the dividend in the first two years of applying for the mortgage loan and then you must pay the final dividend.
  • You will have up to 20 years to pay the fee.
  • It will be financed up to 80% of the total payment fee.
  • If the capital and interest has not been paid during the first two years, it is capitalized and paid on a prorated basis during the rest of the loan term.


BBI construction

With the BBI Construcción Mortgage Credit you will obtain financial support for the construction of your home during the process. Some of the advantages of this credit are:

  • You will get financial support during the construction of the home from the purchase and preparation of land to the development of the housing project.
  • This credit is exclusive to BBI checking account.


BBI Universal

The BBI Universal Mortgage Credit allows you to compare between various financial entities that offer the same requested product. Some of the advantages are:

  • It has a payment term of 15 to 30 years.
  • It is exclusive for housing related reasons.
  • No months of grace
  • It only has availability for natural persons.


BBI Mortgage Credit – Requirements

mortgage credit

To correctly apply for a BBI Mortgage Credit it is necessary to meet the following requirements:

  • Be between 18 and 75 years old.
  • The holder’s monthly liquid income must be equal to or greater than 23 dollars.
  • If the rent is complemented there must be a family income of at least 39 dollars and the co-owner greater than or equal to 16 dollars.
  • As an independent worker or individual worker it is necessary to have at least one work year.
  • Have a good history of payment behavior.
  • Chilean or foreigner with permanent residence in Chile.
  • They must be banked at least in the last 6 months.


Procedure to apply for a BBI mortgage loan

Procedure to apply for a BBI mortgage loan

The steps you must follow to apply for your BBI Mortgage Credit are simple:

  • Find the quota that best suits your needs by testing with different terms and amounts.
  • Apply for the BBI mortgage loan meeting the necessary requirements.
  • Already with the approved mortgage loan comes the review of the acquired property.
  • You must sign the deed of sale together with the bank.
  • Once all parties have signed your property will be entered in the real estate conservator.
  • Disburse the payment once the property is registered.


BBI Mortgage Credit: requirements, advantages and procedure, is an alternative to obtain the necessary financing for your home, in order to have a space for the protection and protection of your family. If you have questions about this product, you can leave your comment.

The banks’ interest rates may feel tough /the-banks-interest-rates-may-feel-tough/ Thu, 19 Dec 2019 10:05:38 +0000 http://www.companyofcyclists.com/the-banks-interest-rates-may-feel-tough/

Mortgage rates continue to be at very low levels. The average interest rate is around 1.5 percent and some of you out there have also managed to get lower interest rates than that.

The interest rate is thus a fairly small part of the housing cost at present. Nevertheless, the banks run with much higher interest rates when they figure out if you can borrow, which can limit how much you can borrow and how expensive housing you can afford to buy.

What is the interest rate and when is it used?


When you want to take out a mortgage, the bank makes some calculations on your finances based on the price of your home, your income and expenses and the cost of the loan to make sure you have an economy strong enough to manage to borrow so much money (and to repay them). The idea is, in principle, to see how much you can borrow the most from your circumstances without having problems with the payments to the bank.

When you apply for a loan promise, these calculations are made and you find out how much you can borrow. Since a normal mortgage loan lends up to 85% of the value / price of the home, you can be granted a loan promise of USD 3,400,000 for a purchase of about 4 million. Of course, it is then also required that you have USD 600,000 to put in cash yourself, but if we expect you to do so, it is basically how it works.

To calculate how much you and your finances can manage, you calculate the cost of the loan in relation to a certain loan amount. So if, for example, you would like to borrow USD 3,400,000, the bank calculates the interest cost plus how much you repay each month (for new mortgages, you must repay at least 2% until you reach a lower mortgage rate) to see if there is a reasonable amount remaining to live on, based on what you have to dispose of in a normal month.

When calculating the interest rate


However, you do not expect 1.5 percent or something, even though the average interest rate is around there today. Instead, one calculates an interest rate that is supposed to have good margins for the future, for interest rate increases and some extra buffer. Many banks expect a discount rate of up to 7 percent. This means that the interest rate that you must manage is about 5.5 points higher than what you currently need to manage. But the banks want to be on the safe side.

The idea is that you should always have a certain amount of money left over to live on when you have paid in housing costs and the like. So that you can afford food and anything else needed. Exactly what amount the bank thinks is reasonable can vary but they get this figure by taking your or your wages after tax and deducting the expenses for the mortgage loan etc.

The bank is thinking ahead and knows that there will be interest rate hikes and that one should have good margins in their finances and therefore they are drawing on an interest rate that is clearly higher than the current average interest rate. However, 7 percent is still a high interest rate and if you want to borrow USD 3,400,000, with just the interest rate, there will be a monthly cost of USD 19,833.

Excessively high interest rates?

Excessively high interest rates?

I clearly understand that the banks want to expect a calculation rate that is higher than the interest rates (and even better the average rates). Especially in these times when interest rates are historically low and we know that higher interest rates will come in the future. Having a higher interest rate when doing their calculations is logical to make sure that people do not have financial problems when the interest rate goes up a bit.

In 2008, the interest rate was up around 6 percent, so it’s not that long since it was a completely different interest rate situation. Many may not remember this anymore or were so young that they were not affected by it at that time. However, it clearly shows that 7 percent is not a fantasy interest but something that has happened and that could happen again in the future.

When one of the spouses takes loans as evidence without the knowledge of the other /when-one-of-the-spouses-takes-loans-as-evidence-without-the-knowledge-of-the-other/ Fri, 11 Oct 2019 11:52:44 +0000 http://www.companyofcyclists.com/when-one-of-the-spouses-takes-loans-as-evidence-without-the-knowledge-of-the-other/

Until 2005, a spouse who took out a loan or a loan behind his wife’s or husband’s back and did not pay the debt, also exposed the other person to debt. Today, fortunately, the law is on the side of those who were unknowingly embroiled in the financial problems of their spouse, and the borrowed money is currently only the debtors whose signature appears on the contract. There are other additional restrictions that make it not easy to borrow higher amounts of cash without your spouse’s consent. Are you afraid that your husband or wife is secretly taking out loans and you have joint property? Learn the legal bases that protect you from the debts of your loved one.

Is it easy to get a loan without your spouse’s consent?

money cash

Apart from the issues of trust and honesty in marriage, you can easily borrow money, be it from a bank or from another lender. Everything depends individually on the borrower’s situation – his financial standing, income and repayment history of existing liabilities.

With small amounts of non-bank loans, from several hundred to several thousand zlotys – whether in installments or payday loans, companies do not require the consent and thus the signature of the spouse on the loan agreement. It is similar in banks, but only with cash loans up to USD 15 or 20 thousand. For other loans, such as a mortgage for an apartment or cash for a car, banks require the signing of the contract by both spouses.

Commonwealth community and spouse’s debts

money cash

It has been over 10 years since the person in the joint property of marriage is not responsible for the debtor’s obligations. More specifically, on January 20, 2005, the amendment to the Family and Guardianship Code (Journal of Laws No. 162, item 1691) entered into force, which clearly defines who and when is responsible for the debts.

To sum up the above, if the wife or husband took out a loan or credit facility in the bank up to the amount of USD 20,000, without the knowledge and consent of the other party, only he or she is responsible for the resulting debt with their part of the property. It can be, for example, remuneration for work or a material thing that is only owned by only one of the spouses, e.g. a car bought before marriage. Unfortunately, it can also be a house or a flat that the spouse received as a donation from his parents or grandparents before the wedding, in which the whole family now lives. Of course, the law is the law, and the situation gets a little more complicated when there is actually a bailiff’s execution and you need to prove what is owned and not repayable.

Exception – a loan for family purposes

money cash

Pursuant to the legal article from the Family and Guardianship Code mentioned above, there is an exception when only one of the signatures – wife or husband – is on the credit agreement and the liability must be paid jointly and severally by both. It’s so-called family loan, i.e. cash that has been taken out to meet the needs of the family, such as bill charges, school layouts, trips, etc.

In the event of enforcement by court, the creditor may request repayment of the debt of the joint property, including the spouse who did not take out a loan or a loan. In such cases, it is much easier to enforce banks with cash loans, at which the borrower sets the purpose for which he needs to borrow money.

Do You Have To Sell His Shares Short? – Rules, Risks and Strategies /do-you-have-to-sell-his-shares-short-rules-risks-and-strategies/ Sat, 11 May 2019 14:15:28 +0000 http://www.companyofcyclists.com/do-you-have-to-sell-his-shares-short-rules-risks-and-strategies/


 In the cumbersome world of the stock market, the idea of ​​investing in reverse may sound appropriate, or it may sound silly. Short selling is a risky but potentially lucrative investment transaction that is a backward version of buying and holding shares.

With short selling you borrow an asset from a broker and you sell it immediately. Your goal is to see the price fall and then return the shares and repay the broker at a lower price. Short selling differs fundamentally from “going long” security in every possible way. Here’s how:

1. You bet against an asset.
If you go for a long time with security, you buy it in the hope that it will increase in price and you can sell the stock back. When you sell an asset short, you hope that the asset will fall in value. The more it decreases in value from the moment you initially borrowed and sold the asset, the higher your profit.

2. You receive cash in advance and then pay at the end.
Again, this is the exact opposite of what you would normally do. Since you start the sale with what you hope is the peak price of the share and then pay for the shares when you return them, your goal is to return the shares at the lowest possible price.

3. If you keep the security, you have to pay dividends or interest.
Shareholders often receive dividends or other incentives to own shares. But if you start selling short, the asset really belongs to someone else. The company or person who lent you the shares still deserves to collect it, so until you close your position by buying and returning the shares, you are responsible for paying dividends.

Do you have to sell short?

Do you have to sell short?


Short selling is difficult for many investors to understand because it seems so irrational to invest in the opposite direction. But it can be a great strategy if you are sure that a security will fall in value. For example, if a recent news item about investment claims that a large weather pattern is likely to threaten Esther Summersonijk’s large maize patterns around the world, you might believe that selling short can make you a good profit if corn prices fall.

Short selling is an advanced strategy, so you must consider these six key issues.

Short selling is an advanced strategy, so you must consider these six key issues.

1. Unlike long-term assets, you can incur unlimited losses.
The biggest risk with short selling is the potential for infinite loss. When you become an asset, you know that you can lose 100% of your investment if the stock price drops to $ 0. No matter how bad that loss is, at least your potential loss ends with your initial investment. Short sales losses, on the other hand, are limitless. For example, imagine that you started a short sale at $ 20 and the shares went up in value by 500% to $ 100. You have to buy back the shares and pay them back at $ 100, actually losing 500% of your capital !

2. Be careful when gambling against a company.
Companies are run by smart people and it is hard to predict if they will fail. Never underestimate their ability to turn around a bad company or a terrible event before you sell their shares short. If you sell an investment short and it increases in value, you lose money while everyone benefits from the profit he has made while he has waited a long time.

3. Dividends can eat your profit.
The longer you hold on to an investment and you owe dividends, the lower your profit will be. Short sales work best if you think that the price will fall immediately or immediately. Esther Summersonijk will fall enough to cover the dividend payments that you have to make.

4. Investors respond strongly to bad news.
When a catastrophic story hits the news, investors often panic and want to sell their investment. According to the efficient market hypothesis, it may be too late to make a profit once the news strikes. Assuming that the hypothesis is at least partially flawed, investors can still make good money by selling the asset immediately. If it seems that the worst is yet to come, you may benefit from bad news or a bear market.

5. You must receive margin calls.
When you borrow from a broker, you must keep a certain share percentage in your account. This amount differs per broker, but if you fall under it, your broker will force you to deposit more money into your account. In essence, you must keep sufficient collateral in your account to cover part of your potential losses. You must have cash on hand and be prepared to sacrifice some liquidity if you want to sell short.

6. You MUST return the security.
Although the conditions for short selling are of indefinite duration, you must close the position by surrendering the security earlier or later. The famous quote from Daniel Drew clarifies this inevitability: “Whoever sells what is not his must pay it back or go to jail.”

Last word

Last word

Short selling is not necessarily a bad strategy. However, investing is already a dangerous game and betting against a public company can be even more dangerous. It is because Esther Summersonijk is riskier than buying and holding a security. Responsible short selling requires three things: strong market experience, strong confidence that the asset will fall in value and a strong tolerance for investment risk.

Have you tried a short selling strategy? Share your success stories or the pitfalls that prevented you from making a profit.

Is a fat tax a legitimate source of tax revenue?

I read an article today about how New York governor David Paterson is introducing a “fat tax” into the 2010 budget. According to the NY State Health Department, the fat tax proposed in New York would apply to all beverages that “over ten calories per eight grams, such as soft drinks, sports drinks, “energy drinks”, colas, fruit or vegetable juices that contain less than 70% natural fruit or vegetable juice and bottled coffee or tea.


10 ways to take care of your clothes and make them last longer

Whether you are a total fashionista or you avoid the mall at all costs, you probably spend Esther Summersonijk much more than you think of clothing. According to the US Bureau of Labor Statistics, the average American family spent $ 1,736 on clothing in 2012. Although children outgrow their clothes fairly quickly, adults can keep their clothes on their clothing as long as it does not wear out


Do You Have To Give Tithes While Paying Off Debts? /do-you-have-to-give-tithes-while-paying-off-debts/ Sat, 27 Apr 2019 14:20:16 +0000 http://www.companyofcyclists.com/do-you-have-to-give-tithes-while-paying-off-debts/

 For those of you who are part of a religious institution such as a church, temple, or mosque, you probably wonder if it makes sense to pay tithing while trying to get out of debt or save for a major purchase. There is a lot of discussion about this subject and I think it is worth considering whether you are devout in your religious beliefs. I am going to investigate this issue in the context of Christianity. Paying tithing is an act whereby you return part of your wages or earnings to God as a symbol to show Him that what is yours is not really yours, it is God’s property. In Christianity, the tenth is 10% of your wages / income donated to your home church. This is not only a symbolic gesture, but it helps support the church and the charities and missionaries that the church supports. There are some really good Christian personal finance blogs that have talked about the issue of tithing and debt freedom in the past.

Here are a few sources from other bloggers on this topic:

  • Free Money Finance responds to a reader who asks if they first have to pay off the debt or tithes while they pay it.
  • Bible Money Matters has an extensive series about tithes and its biblical principles.
  • The thoughts and experiences of Christian PF with tenth when trying to get out of debt.

The general consensus

From what I have read, the general consensus among Christians who write about rich finances and the teachings of Dave Ramsey and Crown Financial Ministries (both organizations with a Christian backbone) supports the idea that Christians should be tenth regardless of the situation they are in, unless you are unable to provide for your basic needs. In that case, your church should help you and use church services to support you until you get back on track. But financial goals to get out of debt or save for a large purchase would not be tenth. It is also important to remember that paying tithing is not an eternal problem. The tenants of Christian salvation are not affected by those who give tithes and those who do not give tithes. There must be no “guilt” in the non-tithe, but rather in the generosity and willingness of your heart.

Gross versus net income

Gross versus net income

I don’t think God and the Church split the hairs here. Again, do what you feel is right in this situation. If you feel led to tithes based on your gross income and you have the resources to do it, that’s fine. If you have always paid the tenth income, there is no shame or damage. Biblically, I’m really not sure if it’s clear, so in the case of gray areas, pray about it and do what feels right.

For those of you who are not religious or who are not part of a church, this article was not for you, but I know there are many Christians who think about the issue of tithing when trying to work on such a great goal of get out of debt. The Bible teaches that you have no debts, because in Proverbs it warns that “the borrower is a slave to the lender,” but that supporting your house congregation and his community work comes first.


How to make a holiday budget – 8 ways to save more money during the Christmas season

Is it me, or do the holidays seem to disappear faster every year? One moment you cut your Halloween pumpkin, and the next, you fight against crowds for the final video game console for your nine-year-old son. Yes, it will be that time of the year again. And while the festive season evokes images of juicy turkeys, family times and song arts, they may also be a little less festive: crushing credit card credit


What to do if you cannot even meet the minimum payments on your credit cards

In an ideal world you would far exceed the minimum payments on your credit cards, but what do you do if the money is so tight that even the minimum payments are unreachable? Many of you have experienced a temporary situation at some point in your life and it can place a heavy burden on the other areas of your life if you know you are lagging behind monthly bills


Quick Loan – How to Choose the Best One? /quick-loan-how-to-choose-the-best-one/ /quick-loan-how-to-choose-the-best-one/#respond Sat, 02 Mar 2019 09:05:32 +0000 http://www.companyofcyclists.com/quick-loan-how-to-choose-the-best-one/

If you are considering a loan, it means that you have specific needs. Nobody lends money, if there is no specific purpose. In the case of taking a loan, it is very important to choose the most advantageous offer. Most advantageous, i.e., where the interest rate is not too high. Good credit is also where additional costs are kept to a minimum. In such a choice, a loan calculator is very helpful. With this tool, you can accurately calculate how much of the loan will cost you. And then you immediately know if such a loan is beneficial. See 2coolwallpapers.com for a summary

A loan from a calculator or a comparison engine?

A loan from a calculator or a comparison engine?

The loan calculator is not complicated. Most often it is constructed in such a way that using it would not be difficult. Each loan calculator works on a similar principle. Each of them includes the sum you want to borrow. On its basis and on the basis of the repayment period, the amount of individual installments is determined. By changing the repayment time, you can observe how the installment rate changes automatically. If time is shortened, the installment will increase. More advanced calculators are able to suggest even specific bank offers

With loan calculators, you can set the installment in the amount that suits you best. Unless, of course, the given lender or bank gives this opportunity. Sometimes, there are installments in a certain amount and only these are taken into account. In many cases, the interest calculator is also available to customers. This shows what the costs of the loan will be. Another option is to use the loan comparison engine. This is a less precise form of presenting loan offers, usually in the form of a descriptive description of the advantages and disadvantages and the basic parameters of the loan.

What are the advantages of loan calculators and online comparison websites?

What are the advantages of loan calculators and online comparison websites?

The loan calculators, which operate in the network, allow, above all, to find out which loan is the most advantageous in our situation. Calculators allow you to compare individual loans. Like the OC calculator, you can choose an offer that will meet your expectations. On the other hand, they accurately depict how much the loan will cost and how the terms of its repayment can be determined. Calculators, thanks to precise calculations, allow people to make informed decisions.

With loan calculators available, you do not have to decide on the first better offer. These tools also allow you to assess whether we can afford a given loan. We can use the same tool because we can calculate whether we can repay it online loans. If you know the amount of the installment to be repaid, you can estimate whether the home budget will withstand such another expense. Thanks to loan calculators, decisions related to borrowing money are taken more consciously. And deliberately taken loans are easier to pay off.

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Can You Repay the Loan Beforehand? /can-you-repay-the-loan-beforehand/ /can-you-repay-the-loan-beforehand/#respond Wed, 23 Jan 2019 09:36:09 +0000 http://www.companyofcyclists.com/can-you-repay-the-loan-beforehand/ We often decide on cash loans at the time of unexpected expenses, or on which we are not able to put down money much earlier. Probably the most common purpose is simply to renovate the apartment. But sometimes these are simply goals related to our dreams.

Although we do not have any difficulties getting a cash loan, we can even say that we are very eager to reach for this financial product. However, this does not change the fact that we do not like debt. Even if we have some obligations, we want to get rid of them as soon as possible. And how do banks relate to our willingness to settle debt ahead of schedule?

Repayment ahead of schedule

Repayment ahead of schedule

It would seem that there is nothing better for a bank than to regain its money so that it can be turned again. However, for banking, it is not so obvious. Besides, in banks’ offers we often have reservations that the early repayment is possible only after a certain period of time. Other branches are again expecting to pay an additional commission on this account. No wonder that a kind of rebellion is born in us. In the end, we think that we do a favor to a bank outlet that we are overzealous clients.

The first installments with interest

The first installments with interest

The answer to the question why not all bank branches are satisfied with this fact is hidden in loan installments. Well, the first of them consist mainly of interest. And interest is nothing more than just pure earnings for the bank. If we choose equal installments, we will pay back the major interest part and the lower the capital part first.

Only at the end of the loan these proportions are significantly changed. The last installments consist mainly of the capital part. Do we now understand why banks insist on paying at least half of the installments on time, and only later can you allow yourself to settle your debt ahead of schedule? When the capital itself is ready for repayment, the bank does not have to worry that it will incur any losses due to early repayment. Or they will not be so high to make any bigger problems because of it. In financial comparison sites we find such cash loan offers, in which we can reckon with the comfort of early repayment without incurring additional costs.

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