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What is a loan?

The transfer of money or goods is called credit in German. Cash or goods are given to the borrower by the lender over a predetermined period of time. As compensation, the lender receives back the money given to him from the borrower, including an agreed interest rate. If it is a commercial loan, the lender […]

March 8, 2020

How to get a credit despite loan

In principle, a loan can be taken out in spite of a loan, provided that the sum of the repayment obligations of the new loan and the existing loan is compatible with the disposable income of the loan customer. For this purpose, the bank carries out a household calculation and compares the income less fixed […]

February 27, 2020

Credit bureau free loan without proof of salary

Getting credit from a bank in Germany when there is negative entry is the Credit bureau is a hopeless endeavor. Anyone who has been entered in the consumer credit agency, regardless of which entry, has no chance in this country to obtain a bank loan. But there is another way, as loans without Credit bureau […]

February 14, 2020

What does the client need to know about the loan application?

With the loan application, the “loan applicant” addresses the bank after initial preliminary talks and drawing up a financing plan in order to initiate its financing project in the formal way. The bank will examine the incoming loan application together with the attached documents, the creditworthiness and creditworthiness of the applicant. If the bank’s decision […]

February 3, 2020

Finding Loans – Loan Brokers

NiceHead Loans is a relatively new loan broker that cooperates with the well-known loan broker RiteMark Lending. Or co-operation might be a little underestimating since the loan amounts and maturities are the same as the loan requirements, and they cooperate with the same banks and credit companies as RiteMark Lending, but this just shows that […]

January 24, 2020

Application for a loan from a bank despite paid Credit bureau entry

The Credit bureau (Protection Association for General Loan Protection) is a company that stores data on all citizens living in Germany who are involved in financial transactions. Credit bureau is notified of the receipt of a current account, as is the installment purchase in the store, the conclusion of a cell phone contract or the […]

January 15, 2020

Building society savings as a mixture of investment and loan.

Building savings – an investment When it comes to building savings, the building savers (also known as investors) conclude a building society contract with a building society. So building savings is a special form of investment, which ultimately leads to a low-interest loan if the home saver so wishes. The legal regulations are laid down […]

January 2, 2020