Top Online Payday Loans -Flatrockmusicfestival.Com http://flatrockmusicfestival.com/ Sun, 29 Mar 2020 17:35:23 +0000 en-US hourly 1 https://wordpress.org/?v=5.5.1 Credit card with contactless payment http://flatrockmusicfestival.com/credit-card-with-contactless-payment/ http://flatrockmusicfestival.com/credit-card-with-contactless-payment/#respond Sun, 29 Mar 2020 17:35:23 +0000 http://www.flatrockmusicfestival.com/credit-card-with-contactless-payment/

Contactless payments using NFC technology should make the use of a credit card even faster and easier, since the card only has to be held up to a reader and, for smaller amounts, it is no longer necessary to enter a PIN.

Simple, fast, contactless

Simple, fast, contactless

It takes time and nerves to stand at the checkout. Especially if someone wants to pay a small amount with a credit card. A cash purchase would have been completed long before the PIN was entered. Near Field Communication (NFC) is the solution to this problem.

Contactless payments are possible thanks to NFC. The transmission standard allows data to be exchanged over a short distance of a few centimeters. To do this, the cash register of the store must be equipped with this technology. You should hold the credit card at the point of sale for payment. The seller no longer needs to insert the card into the reader. Everything is completely contactless.

The entry of the PIN is often even omitted for smaller amounts. Many banks only require the code to be entered every five payments.

NFC: What needs to be considered?

NFC: What needs to be considered?

This technology has been on the market since 2012. Almost every credit card now has NFC. Therefore, Near Field Communication can be described as the common standard. You can recognize a credit card with NFC technology by a special symbol: It reminds you of four sound waves that are getting bigger and bigger on the outside.

If the NFC symbol is printed on the card and the reader, you can pay contactlessly. Normally every supermarket offers this.

Contactless payment is possible with a checking card and credit card. However, there are big differences:

  • With the checking card, the credit is loaded onto the NFC chip. Payments are possible until the paid-up capital is used up. The limit is 200 USD.
  • Credit cards collect the amounts and debit them as a package. A separate recharge is not necessary. The payments are limited to a maximum of 50 USD. This form of payment is often used for small amounts.

Advantages and disadvantages

Advantages and disadvantages

Contactless payment is on the rise. It’s convenient to be able to settle a payment quickly. So you also need to have less cash with you. You can also keep a close eye on all transactions. The purchases appear on your monthly card statement. You remain anonymous with cash, but the payments are difficult to track. Especially if the receipts are lost.

The arguments for and against contactless payment by credit card at a glance:

+ convenient and fast
+ no extra costs
+ less cash in your wallet
+ PIN under 25 USD not necessary (or only every 4th to 5th payment)
+ high security

– Cash is more anonymous

What about security?

What about security?

At first glance, there may be some concerns about contactless payment. Theoretically, the credit card could be stolen. In this case, perform a normal block. No further payments are possible. Many banks require a PIN if multiple purchases are made in a short period of time. This contributes to your safety.

Visa calls its NFC system payWave. With MasterCard, they chose PayPass. In terms of security, it doesn’t matter which provider you use. Both are equally serious and follow the same process. No PIN is required for amounts up to 25 USD, at most every 4 to 5 payments. If it is between 25 and 50 USD, the customer must either sign or type in his PIN.

 

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Loan for working abroad http://flatrockmusicfestival.com/loan-for-working-abroad/ http://flatrockmusicfestival.com/loan-for-working-abroad/#respond Mon, 02 Mar 2020 00:50:43 +0000 http://www.flatrockmusicfestival.com/loan-for-working-abroad/

According to CSO estimates, over 2 million Poles are already working abroad. Theoretically, due to higher income, they should not have a problem with getting a cash or mortgage loan. Unfortunately, this is not so simple, the Polish banking services sector does not have much to offer to people working abroad

 

Credit for working abroad – is it possible?

Credit for working abroad - is it possible?

Although more and more Poles work abroad, hardly any bank offers loans to this group of customers. First of all, not every financial institution will accept income received abroad (for some banks it will be $ 0). Secondly, as a result of the Recommendation S introduced by the Polish Financial Supervision Authority, we can only apply for a mortgage in the currency in which we receive remuneration. The recommendation introduced is the aftermath of the so-called francs who are still a serious problem for the state and … banks. By refusing financial support to people working abroad, banks are trying to minimize the credit risk associated with exchange rate fluctuations.

Unfortunately, the loan for working abroad translates into more formalities that the future borrower must complete. A loan in a foreign currency means that it will be based on a different interest rate. Thus, when applying for a loan, we must take into account the risk associated with the difference in the currency exchange rate in which we take the loan and the value of the zloty in the future. This, in turn, makes banks approach our creditworthiness much more rigorously than for loans in native currency. Another difference concerns the amount of own contribution – for “normal” loans it must be 20% of the property value, for loans in foreign currency – it is already 40% .And so, a person working abroad must demonstrate longer continuity of employment than a person applying for a loan in dollar .

 

Currency conversion costs

Currency conversion costs

Documenting income, which is one of the conditions for obtaining a loan in this case, is not so simple. Most employers do not want to pay for foreign transfers and incur additional costs. In addition, checks are a popular form of payment in some countries. If this is how we receive a “salary”, then unfortunately we will not be able to boast about regular payments to the bank account. What’s more, even if we belong to those lucky ones who receive money to their account, another problem is related to the conversion of foreign currency into dollars. Bank rates are rarely favorable. In addition, banks mainly operate on four basic currencies such as the euro, dollar, British pound and Swiss franc. What should borrowers who receive remuneration in a different currency do? The bank has nothing to offer.

 

Required documents

loan documents

Theoretically, the procedure for applying for a loan for working abroad does not differ much from applying for a “normal” loan, but it practically requires more documents and certificates. People who get a salary in euros have the best chances of getting a loan. Those who receive remuneration in a different currency of the loan are unlikely to receive.

A person working abroad wanting to take out a loan must prepare the following documents:

  • contract, contract (including seafarer’s contract);
  • statement of income entering a bank account – in addition to the employment contract and contracts, income from pensions is also taken into account; income earned as part of running your own business is not important);
  • Annual closure;
  • account statement documenting receipts in the last 3 months (or longer);
  • report from the local Credit Information Bureau (relevant Polish BIK);
  • other documents (if required) such as a permanent residence permit or work permit.

 

Translation costs

Translation costs

We will get a report from the Credit Information Bureau in countries such as Germany, England, Belgium, the Netherlands, Ireland and France. In addition to gathering relevant documents, we must also take into account the costs of translating each of them. Can it be avoided? Unfortunately not, but you can reduce the costs involved. First of all, it’s not worth looking for a translator in the country where we work. The prices of such services are much higher than in Poland. Due to the more complicated credit procedure, it may also be necessary to visit a branch of a Polish bank. And this if we are abroad, it means additional difficulties and … additional costs. If we cannot afford regular visits to the country, we will appoint a representative who will complete all formalities on our behalf.

Getting a loan for people working abroad takes about two weeks. A lot depends on when we manage to collect the necessary documents and deliver them to the bank. The sooner we do it, the faster we will get a credit decision.

 

Loan for working abroad. Summary

Loan for working abroad

Getting a loan in a foreign currency is a complicated and time-consuming procedure. Loans to people working abroad are rare on the Polish financial services market. Even if such an instrument is offered by one of them, it is unrealistic to receive financial support. This does not mean, however, that such people cannot use loans at all. They must “only” enlist him in the currency in which they earn. The offer of such loans (especially mortgage loans) is limited, hardly available and more expensive than in the case of loans in dollar .

The solution to this situation may be applying for a loan in your native currency together with the person who earns in dollar . However, we should remember that in this case the co-borrower’s income will be the most important. And it is for him that the bank will calculate its creditworthiness. In turn, the bank will receive the income abroad only up to the salary of a person working in Poland.

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Limitation of interest on loans and credits http://flatrockmusicfestival.com/limitation-of-interest-on-loans-and-credits/ http://flatrockmusicfestival.com/limitation-of-interest-on-loans-and-credits/#respond Sun, 09 Feb 2020 00:35:52 +0000 http://www.flatrockmusicfestival.com/limitation-of-interest-on-loans-and-credits/

Today we will discuss the limitation of interest on loans and credits. An unregulated loan or late repayment imposes on the borrower the obligation to settle the interest charged by the bank. However, in the Polish legal system, all monetary obligations expire. Limitation is nothing else than the expiry date of the debt. When the limitation period expires, the debtor is released from the obligation to pay to his creditor.

In practice, despite the fact that the obligation (claim) has not expired, the creditor loses all legal possibilities to enforce the debt repayment from the debtor.  

 

Limitation of claims

credit loan

The Civil Code Act regulates various limitation periods for claims. Some obligations expire after six years of creditor’s inaction, others after three years, and others after a year.

In addition to the main claim, incidental claims, ie interest, are also subject to limitation.

As indicated by art. 118 of the Civil Code, unless a special provision provides otherwise, the limitation period is six years, and for claims for periodic benefits and claims related to running a business – three years. However, the limitation period shall end on the last day of the calendar year, unless the limitation period is less than two years.

 

Limitation of interest on loans and credits

interest on loans and credits

It follows from the above cited provision that, as a rule, interest expires after three years – this will be the longest limitation period for interest. It should be added that interest may not be barred later than the main claim itself. The Supreme Court in a resolution of 26 January 2005 in the case examined under file III CZP 42/2004, indicated that the claim for payment for the sale of electricity will expire with a period of two years, because the service was sold as part of the entrepreneur’s activity. The invoice has not been paid on time. Interest accrued for delay.

If the creditor does not start debt collection in two years from the date of payment, his claim will be time-barred. At that time, interest will also be barred, despite the fact that pursuant to Art. 118, the limitation period for interest is three years. Therefore, if the main claim was time-barred – the interest claim on that liability also became time-barred, even though the general three-year limitation period for the interest on the main claim has not yet expired.

The same will happen for debts from the bank account, ie unregulated debit on the account. Interest will be barred here after the main claim has expired, ie after two years of the creditor’s inactivity.

 

Limitation of interest on a bank loan and private loan

bank loan and private loan

A loan taken out at a loan company or bank expires after three years. The private loan, on the other hand, will expire only after six years from the date of repayment.

The limitation period for interest for both loans, however, will be the same and will be three years.

 

Limitation of interest awarded by the court

money loan

If the claim for payment of the loan / credit is confirmed by the court by a judgment or order for payment and its limitation period is automatically extended to six years, the limitation period for the claim for payment of interest will not change and will continue to be three years.

The above results from the provisions of art. 125 of the Civil Code, which reads as follows:

“A claim confirmed by a valid court decision or other body appointed to hear cases of a given type or an arbitral tribunal, as well as a claim confirmed by a settlement concluded before a court or arbitral tribunal or a settlement concluded before a mediator and approved by the court expires after six years. If the claim thus determined includes periodic benefits, the claim for future periodical benefit due shall expire after three years. “

 

Interruption of the limitation period for interest

credit loans

The three-year limitation period for interest may be interrupted by the creditor. It is enough for the creditor to submit an application to the bailiff once every three years for the interest limitation period to start running again.

Interruption of the limitation period will also be due to any act:

  • before a court or other body appointed to hear cases or enforce claims of a given type, or before an arbitration court, undertaken directly to investigate or determine or satisfy or secure a claim;
  • by recognition of the claim by the person against whom the claim is entitled;
  • by initiating mediation – yes, art. 123 of the Civil Code.

 

How to defend yourself against payment of outdated interest

money loans

The debtor does not have to pay prescription interest. In a situation where the creditor requests the payment of time-barred interest, the debtor may send him a letter requesting the cessation of further recovery. Unfortunately, quite often there is a situation when banks sell their receivables from unregulated loans and borrowings to debt collection companies that try to convince debtors in various ways to settle expired debts. It happens that the matter of expired debt goes to the bailiff.

The debtor has the chance to protect himself against the enforcement of time-barred interest and time-barred main receivables by filing an anti-enforcement action.

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Extension of the cash loan repayment period http://flatrockmusicfestival.com/extension-of-the-cash-loan-repayment-period/ http://flatrockmusicfestival.com/extension-of-the-cash-loan-repayment-period/#respond Thu, 23 Jan 2020 00:47:27 +0000 http://www.flatrockmusicfestival.com/extension-of-the-cash-loan-repayment-period/

The consumer’s estimation of financial possibilities may sometimes prove unreliable. Due to various random events, the financial situation may collapse. The borrower, in fear of not falling into debt, should then consider extending the cash loan repayment period. What is it about and how to apply for it?

Before deciding to get a loan, many consumers are trying to estimate whether they will be able to bear the financial commitment. After all, a loan is a load spread over time that allows you to buy the item, but also means increased monthly expenses. Loans are usually repaid in installments. These must then be included in the monthly expenses.

 

How does the bank assess its trust in the consumer?

How does the bank assess its trust in the consumer?

Banks precedes the decision to grant credit to consumers with a thorough analysis. First of all, the history of repayment of bank and non-bank liabilities (loans, payday loans) is checked. By the way, in the BIK register, banks also see possible information about current or past debt. This allows you to assess how diligent the payer is the applicant and whether entrusting his money will not be a big risk.

In addition, banks are also assessing the client’s income situation. Potential borrowers are asked to submit certificates from the workplace regarding, among others place of work, nature of employment, length of service and type of contract that governs the employment relationship. The consumer must work for at least as long as required by the bank and have a contract (if it is a fixed-term contract) for the time specified in the bank’s regulations.

The last, most important point of verification of a potential borrower is the verification of the amount of earnings received by him. They must be high enough to allow for regular, trouble-free repayment. You must also provide information on your monthly expenses, other obligations and marital status.

 

What if there are problems with the loan repayment?

loan repayment?

 

If the bank assesses that the above-mentioned parameters show a positive creditworthiness – the path to obtaining a loan is already simple. Unfortunately, good credit standing and, as a result, the financial condition of the consumer are not unchanging and they can often change rapidly. Unfortunately for borrowers, the collapse of their finances can occur when the loan is repaid.

If, as a result of illness, sudden expenses, job loss and other sudden events, you will not be able to continue paying the loan installments in the current amount. Then consider a specific action plan. Restricting the repayment of the loan or paying lower installments without arrangements may have serious consequences. A bank that suddenly ceases to receive fixed income from repayment of loan installments has the right to charge penalty interest. He can also start debt collection activities.

In short – it is necessary to start cooperation and talks with the bank in order to find the optimal solution for both sides.

 

Extension of the cash loan repayment period

Extension of the cash loan repayment period

 

One of such solutions may be the extension of the cash loan repayment period. This service consists of adding additional months to pay the liability, which directly affects the most important parameter – the monthly installment. The amount of the monthly loan installment is calculated on the basis not only of the total loan amount, included costs (commission, interest, interest), taxes and duration of the loan.

Extending the duration of the loan may therefore involve negotiating a lower monthly loan installment. A lower installment may mean for the consumer in a worse financial situation a chance to continue paying off the existing loan on more favorable terms. For the bank, in turn, this is a collateral – the customer declares that he will continue to pay the liability despite the worse situation than the one he presented when submitting the loan application.

 

What are the negative effects of extending the cash loan repayment period?

What are the negative effects of extending the cash loan repayment period?

 

The above-mentioned characteristics of the extension of the cash loan repayment period do not mean that this service brings only benefits. A side effect of extending the duration of the loan is the increase in its interest costs. Although the installment decreases, the total amount to be paid back by the consumer after the end of the loan period is longer than if he had repaid the loan according to the original arrangements.

In addition, the bank may also charge other costs associated with extending the repayment period.

  • Preparation of an additional annex to the loan agreement, which sets out the rules for extending the repayment deadline and thus – changing the parameters following it.
  • Some banks also add a commission on the debt balance. This is the loan amount that is outstanding when you apply for the repayment period to be extended.

 

Credit holidays – an alternative to extending the repayment deadline

Credit holidays - an alternative to extending the repayment deadline

 

Credit holidays can be a valuable alternative to extending the repayment deadline. This is a solution for those who anticipate a worsening of the financial situation for a long time, which will result in the inability to pay back the loan on current terms. The credit vacation service consists of a temporary deferral of payment of the commitment. After their expiration, the bank may offer the consumer to continue repayment of the loan as previously agreed or to extend the repayment date. The second option will obviously mean additional costs, but also potentially lower commitment installments.

In their offers, banks have the option of using credit holidays or extending the repayment period for a simple reason. It is in the interest of the banking institution to provide the consumer with solutions in case of random events, so as to avoid the situation of a total loss of proceeds from granted loans. For the consumer, in turn, this chance to avoid, for example, falling into debt.

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Apply for instant credit http://flatrockmusicfestival.com/apply-for-instant-credit/ http://flatrockmusicfestival.com/apply-for-instant-credit/#respond Tue, 21 Jan 2020 00:06:09 +0000 http://www.flatrockmusicfestival.com/apply-for-instant-credit/

Applying for an instant loan is easy. The term gives the loan seeker the impression that his application is processed immediately, ie without any delay. The best way to apply for an instant loan is via the Internet. Other formulations are express credit or a direct loan. In most cases, lenders are online banks as well as direct banks. They correspond with their customers exclusively online and offer additional telephone support by hotline around the clock.

 

The prepared input mask is filled in to apply for an instant loan

instant loan

The loan seeker is expected to provide information about himself, his financial and economic situation with income, assets and regular expenses. If the lender is a business partner of Schufa as a private credit agency, the Schufa clause must be signed or clicked. After the terms and conditions, the general terms and conditions have been accepted, the instant loan application is sent with a last click of the mouse. The answer to a basic yes or no also follows immediately by email, ie within a minute. The applicant therefore knows immediately whether his loan application is promising or whether he should apply for the instant loan from another bank or savings bank.

In order to apply for an instant loan, several very general requirements must be met. The applicant must be of legal age and legal capacity. He must have a permanent place of residence in Germany, maintain his checking account with a GrandMoney bank, and have a secure, regular income from work.

In terms of amount, this should be significantly above the garnishment exemption limit of around USD 1,050 for one person. For two people, it is just under USD 1,500. Applying for an instant loan also includes the Postident procedure. According to the KWG, the KWG, the bank must verify the identity of the applicant. When applying for a loan at the local bank branch, the customer advisor copies the passport or ID card of the loan seeker. This is not possible with an instant loan. Instead, the identity is determined by the postident procedure. An employee of SaversHea Finance confirms the identity of the applicant, who can identify himself on site, on a form provided by the online bank. The Postident procedure is free of charge.

 

Applying for an instant loan and paying out an instant loan

instant loan and paying out an instant loan

The applicant can actively help that his instant loan is processed quickly by sending all the necessary documents as directly as possible, ie immediately to the online bank. Faxing in advance can speed up the process. When applying for a loan, the loan seeker can already note with some credit providers that they do not want the immediate credit to be paid out by bank transfer, but in cash through SaversHea Finance.

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Poles compare loan http://flatrockmusicfestival.com/poles-compare-loan/ http://flatrockmusicfestival.com/poles-compare-loan/#respond Sun, 22 Dec 2019 00:20:23 +0000 http://www.flatrockmusicfestival.com/poles-compare-loan/

The survey was conducted on a group of people who borrowed money in a bank, from a family or in a loan company in 2016, using the CAWI method, ie an online survey on a representative sample of 1,021 Poles aged 24-65.

Women (57%) and residents of larger cities (23%) borrow more often. The average loan amount in 2016 was almost $ 11,000 dollars The bank is the most visited place where Poles are looking for extra cash. The percentage of people who chose the bank was the highest in the 45-54 age group (63%). In turn, young people between 24 and 34 years of age usually borrow from the family (36%)

 

Where do we borrow and how do we compare offers?

Where do we borrow and how do we compare offers?

According to the study, the bank is the place that Poles most often indicated. Six out of ten respondents said they were asking for extra money there. Later, we seek support from family and loved ones – 28%. According 15% of respondents used the services of a loan company.

Poles were asked if they were comparing loan offers with each other. The survey showed that almost half, because 49% of not do it at all, 30% compare three or more offers, and 21% usually put together two loan proposals. It turns out that the main source of information about offers for Poles are: comparison websites (35%) and websites (27%).

We sign a contract at the bank more often than we do it through the network – every second customer of the bank submitted an application and signed the contract personally at the branch, and every fifth used the online form. However, in the case of loan companies, the situation was the opposite – 49% of applications were submitted electronically.

Among financial institutions, banks invariably enjoy the greatest trust of Poles, and we often turn to them for additional funds. The survey shows that consumers’ knowledge of credit offers comes mainly from two sources: comparison websites and websites. In practice, this means that in order to compare loan offers, we have solutions that allow us only to learn about marketing proposals, not offers tailored to our individual needs.

When choosing a loan, Poles are guided primarily by:

When choosing a loan, Poles are guided primarily by:

  • low costs – fees, commissions, interest rate (27%)
  • low installment (21%)
  • minimum formalities (20%)
  • the speed of getting money (19%)

The answers in this matter were influenced by the place where Poles took out a loan. People who turned to the bank for additional funds turned out to be the key to knowing the institution beforehand – “the bank I use services” – 37%, and then low costs – 15%. Respondents who decided to offer loan companies as the most important indicated: the speed of obtaining money (26%) and low costs (19%).

 

What do we use the borrowed money for?

What do we use the borrowed money for?

We spend extra money mainly on renovating the apartment (24%) and daily expenses (22%). Every tenth borrower allocates borrowed funds to buy a car (11%).

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Financing a Boat – Credit http://flatrockmusicfestival.com/financing-a-boat-credit/ http://flatrockmusicfestival.com/financing-a-boat-credit/#respond Mon, 16 Dec 2019 08:07:43 +0000 http://www.flatrockmusicfestival.com/financing-a-boat-credit/

Do you enviously watch the sailing ships and yachts glide elegantly and silently over the calm water during your vacation by the sea?

Unfortunately, many a request is very expensive. He often has to give way to reality.

The ever-growing family needs a new home, the fast-paced sports car has to give way to a practical family car, and you cannot climb the career ladder higher without having to pay for further training yourself.

The big dream of having your own boat is quickly a thing of the past.

cash

Nevertheless, numerous motorized yachts and sailing ships are anchored in the ports. But how did the owners finance the boat? Do you share the cost with your friends or were you lucky enough to have a lucrative inheritance?

Answering these questions is very simple: many owners have taken out a personal loan. In this way, you too can fulfill your heart’s desire and you no longer have to look longingly at the other boat owners.

Take into account all costs

cash

Buying a watercraft is usually an expensive proposition, but this pleasure is not restricted to well-heeled people. Of course, it depends on the design and type of the vehicle, since the market offers everything from simple motorboats to luxurious yachts.

When buying a boat, however, you should not only keep an eye on the purchase price, because costs for maintenance and repairs will come at regular intervals.

Financing with our personal loan is an option

money

If you do not want to spend your bank balance in one fell swoop, financing with our personal loan is an option. Since the expenses incurred can be planned very well, an installment loan is an ideal solution.

So you can enjoy the fun of a boat trip with your friends or family. No matter which port you want to go to.

With a loan from Good Finance, you can buy the watercraft of your choice and then use it extensively. Calculate your savings and request a quote from us without obligation.

Even if your existing credit does not run through us. You can immediately see how much you can save. Are you interested? Then we arrange everything for the transfer. It is almost impossible to save money more easily. So do it

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