Credit during training

During the training, the money is usually scarce and only enough for the most necessary purchases. However, that does not mean that apprentices have no wishes – quite the contrary. Whether you own your first car, modern furniture or a new mobile phone – there are many things that today’s young people simply need.

Credit during training

Credit during training

If you do not have savings and still plan expensive purchases, you have the option to take out a loan. Admittedly, it is not easy for trainees to get the loan they want. But with a little luck and confidence, you may well be able to get credit during training.

Stay realistic and plan carefully

Stay realistic and plan carefully

Before applying, you should be aware that only a small loan is eligible. High sums of credit are not granted to trainees due to the monthly payment. However, if you earn enough and do not have high expenses, there is nothing to prevent a loan of up to 5,000 euros. It is important that you can provide the bank with sufficient collateral and remain creditworthy.

After all, banks attach great importance to solvency and want to minimize the risk of loss. Trainees, however, have a low income and no job security. Also a termination of the training or a non-standing final examination represent high risks. Therefore it makes sense, if for example your parents jump in as a guarantor and repay your loan in an emergency.

Credit during training – so you save a lot of money

Credit during training - so you save a lot of money

When starting your professional life, you should not be in debt, but stay as free as possible. For this reason, it is important that you receive a reasonable loan amount and opt for a slightly longer term. This will allow you to repay the loan during training in small increments and minimize the risk of over-indebtedness.

In addition, it is worthwhile to carry out a provider comparison on the Internet before taking out the loan. With only a few minutes of effort you can save several hundred euros – because the first provider is not necessarily the best. Compare all interest rates and other terms before deciding on a loan. Only when you have calculated all expenses and agree to the terms of credit, you should conclude a contract.

The most resistant European bank in Stress Tests


The indicated parameters of the offer are for information purposes, they are based on calculations based on information publicly available on the website belonging to Good Finance

Good Lender . Is not responsible for the content of the above offer.

Personal data


The administrator of personal data is Good Lender . Personal data is provided voluntarily and will be processed for marketing purposes by Good Lender

In the event of consent, personal data may be processed for marketing purposes related to the presentation of the offer, shared with entities cooperating with Good Lender Personal data may also be disclosed to entities authorized under the law. You have the right to access your data and correct it.

Prepare for the conclusion of a loan agreement


The purpose of collecting data is to prepare for the conclusion of a loan agreement, in particular to process applications for non-bank loans, including contacting by phone and e-mail. Providing data is voluntary. If you want to opt out of receiving future emails or receiving calls, please contact us at the email address contact @ Lohengrin.

Good Lender (the website owner) informs that it does not collect remuneration directly from borrowers, it cooperates directly or via remuneration with Good Finance

Offers loans


The condition for granting the loan is a positive result of the creditworthiness assessment. A representative example: you borrow USD 20,000 for 60 months, paying USD 797.04 per month, total payment: USD 4,782.25. Commission for granting the loan: USD 20,000. Fixed interest rate: 10%. APRC: 50.59%. Good Finance offers loans from USD 2,500 to USD 25,000 for a period of 12 to 60 months, with a maximum APRC of up to 99.54%.

The lender is Good Finance . with headquarters at ul. Last 1c, 31-444 in Krakow, registered in the Register of Entrepreneurs of the National Court Register kept by the District Court for the Capital City of Warsaw in Warsaw, XII Commercial Department of the National Court Register, under number 0000647952, NIP 5252684957, REGON: 365892926, share capital in the amount of USD 200,000.

Things to consider when applying for a loan

Loans can be taken on several occasions. Maybe you should start studying and need a student loan, should buy a new car or buy your first own accommodation. Loans can be taken as long as you are of legal age and have no remarks from the petitioner. Below is a brief description of what can be useful to consider when applying for a loan.

Why borrow money?

Why borrow money?

Loans can sometimes be very necessary if you do not have very large capital before. For example, small business owners can borrow to update their website, change web hosting which can be costly in the end, or whatever.

The term amortization means that you pay off an existing loan. Similarly, interest is an important concept in this context as it is a kind of fee that is placed on the loans. You can borrow yourself or together with, for example, a partner as long as everyone is of legal age and thus has financial power. A loan often obliges you to have a fixed income or to study full-time (to get a loan from the Central Student Aid Committee). It is also possible to borrow money quickly via sms loans, although this is not recommended unless you can repay the loan as quickly as possible. The interest rate is usually very high on these types of loans.

How do I borrow money?

How do I borrow money?

There are many ways to borrow money. The main thing is that you manage to convince the lender that you can repay the entire loan within a certain time frame. You can go directly to the bank and book a physical meeting on site or call the bank to set up a loan agreement. If you are going to take a sms loan, simply pick up the phone or tablet and order money quickly and smoothly.

What is needed to borrow money?

1) You must be of legal age, within borders 18 years of age.
2) Do not have any payment remarks or unpaid debts with, for example, the chancellor.
3) Be able to repay the loan.
4) Be able to pay interest on the loan.
5) Preferably have a permanent job or have full-time studies in progress or in the future.

What to consider when applying for a loan?

What to consider when applying for a loan?

Perhaps the most important advice you can give is that you should think about whether you really need to take out a loan. Have you looked at all your bank accounts if there is a coin? If not, do it! You commit yourself when you take out a loan and have less freedom to travel abroad or to change jobs.

The next advice is to compare which lenders offer the most favorable loans. It may be about generous repayment requirements or low interest rates. However, avoid hooking you up too much on details, it is first and foremost that the lender (the bank) should be trustworthy and look serious. It may also be worth asking relatives and friends how their loans have progressed, what problems they have encountered and what is good to think about.

Never hesitate to ask about something in the loan agreement that you do not understand. Your finances are one of the most important things you have and it cannot depend on quick decisions! Good luck with the loan!

Payday Loans Don’t pay – 2019


If you are lucky, you may not be familiar with the term “flash credit.” A payday loan is provided by a third-party lender and it is believed to help consumers get out of last-minute financial jams by offering a cash advance on an upcoming paycheck. Although it is a good thing to get out of a difficult situation, the interest paid by payday providers usually exceeds 100%, which can make a more difficult place even more difficult. So, are payday loans a great service for people in need, or are they an example of loan shark companies that fall prey to people’s despair? We will look into it in the following article. (Keep your credit score healthy and your debt under control, view Six major credit card errors.)

Why wait for a payday?

payday loan

A payday loan works like this: you have too little money and you can’t wait for your next salary, so go to your local payday borrower (some are even oHazel Motesine nowadays) and ask to set up a payday loan – usually somewhere between $ 50 and $ 1, 000, although the higher limits are usually harder to qualify for. You write a post-dated check for that amount plus the costs that you now owe the lender. You get your money right away and when the payday runs around, the lender will cash in your check and collect his winnings.

People who use payday loans are usually in situations where they have few other financial alternatives. In their eyes, a flash credit is a way to stay in the water for a short time without having to ask for handouts. People with low credit or without credit are ideal customers for payday borrowers. (For more information, see The importance of your creditworthiness .)

One step forward, two steps back
In most cases, a payday loan is not an attractive option for short-term financing problems. Extraordinary interest costs, reliability of the minor lender, small size of the loan, future dependence and the possible negative effects that the lending of these lenders can have on your creditworthiness are all valid reasons for avoiding a payday loan if possible. (See Do you live too close to the edge? )

The amount of interest charged by payday lenders is no joke. Annual interest between 200% and 500% is the industry standard. For example, the following chart shows the annual interest costs of a fee of $ 18 (primarily the interest) that is calculated over a loan amount of $ 100 from different credit lengths. Payday lenders are often able to circumvent the usury legislation – government limits on the amount of interest that a lender can charge – by calling their interest costs “service costs” that are not subject to the same rules as interest costs in many places. (Read APR versus APY: How The Distinction Impacts You to find out more about the interest on loans and how you can calculate this.)

In general, payday providers are less reliable than their counterparts in the commercial bank

payday loan providers

In a sector where documentation is paramount, payday publishers can oblige borrowers to provide persooHazel Motesijke financial and identification information as part of their approval process. Because flash credit generates large profits for lenders without much demands on professional iHazel Motesog data, a lack of information security and the risk of fraud are also worrying aspects of payday loans. (Read how you can protect yourself and your loved ones against financial fraudsters, read
Stop scams in their tracks

Paltry Sums With all the opponents of the payday loan , the size of most flash loans seems of little importance. But when you consider that most payday lenders usually don’t authorize more than $ 400, their utility – especially if someone is worried about making car or mortgage payments – is really in question. The small loans trade in the lenders’ favors in more than one way: smaller loans means more diversification of the borrower because spreading money over more customers means less risk. Limiting loans to small amounts can often hide how extreme the interest is.

Learn to live without it
Another major risk associated with flash credits is the risk of dependence. Can a payday loan yield you until the end of the month, but will the interest you charge on the loan become even more difficult for you the following month? A cycle of dependence like this can paralyze a person’s financial health. If this is the case, taking out a payday loan can have a lasting impact on your ability to get credit in the future. As payday loans become more commonplace and are handled by more established companies, some payday providers are starting to report to credit bureaus. Given the precarious nature of most payday borrowers’ finances, defaulting on your payday loan would be a permanent scar on an already weak credit score mean. (Recognize when it’s time to cut back on spending, read

Five signs that you live beyond your means
.) Better alternatives Payday loans are not the only solution for short-term Hazel Motesiquidity issues. If you need money and find that collateral and credit are not major problems, a conventional loan is the best scenario. If taking out a PersooHazel Motesijke loan is not a realistic option, ask your employer for a salary advance or visit oHazel Motesine lending communities such as Prosper. com can be a way to avoid a flash credit. Despite the old adage that warns against borrowing from friends and family, you might consider taking out a payday loan, especially given the redistribution options that are putting you in a deeper hole. (For related literature, go to

Get a loan without parents

Get a loan without parents

Conclusion It is often a worst-case scenario to go to a payday loan, and it may be that a payday loan is your only option. If this is the case, it is important to consider your options and think about all your facts before you enter into a financial agreement that Hazel Motesijk probably benefits the house. You can also work on building an emergency fund, so that you have money available if fate strikes.

Online cash loan for bad credit -Where can you get a loan with bad credit


Would you like to do a loan? Getting extra money quickly does not have to be complicated with these tips!

Are you convinced that you can not borrow money? You are wrong! There are many ways to borrow money. This is because every provider can determine its own requirements, and complicated credit checks and paperwork are not always on the agenda. However, you will always have to take into account the legal conditions for credit, which means, among other things, that you must be over 21 years of age and must have a source of income. If you receive a benefit, it can therefore still be possible to borrow extra money.

Where can you get a loan with bad credit?

There are many different reasons why people choose a loan with bad credit on the internet via Green Day . The main reason is often that immediate money is needed, for example, to pay an invoice or to cover unexpected costs. In such an emergency situation, you do not have time to wait for a long application procedure or to fill in documents. Another reason to opt for an online credit is, for example, because you do not fancy any hassle, and want to arrange your extra money quickly and receive it on your account!

Loan conditions 

The conditions of these lenders vary from provider to provider. That is why it is extra important to always read this carefully. You can always assume that at least the legal conditions apply, but sometimes additional conditions may apply. Always check at least how long it is, the maximum loan amount, papers, credit checks and the official registration of the provider. It can also be useful to read the experiences of others with a particular lender, in order to quickly trace possible pitfalls.

Direct loan 

The big advantage of these loans is that you can close them independently via the internet. From behind the computer, you can often arrange your request within 5 minutes, when that suits you. Simply select a lender that appeals to you, read the terms and conditions carefully and see what is feasible for you. If you have found a suitable loan, you can request it directly using the online application form on the website of the chosen provider. In many cases, you can then quickly expect money on your account.

Ask about a loan 

No matter how much money you borrow and for which you also borrow, safety always comes first. Because complicated application procedures and conditions with these providers generally do not take place, it is important that you yourself remain well informed about the security of the loan and check what is feasible for you. If there are any uncertainties, it is important to keep well informed about exactly what is happening. If in doubt, you can always contact the lender’s customer service. Often these are available by phone from Monday to Saturday.

What is the main difference between Leasing and Renting?

When we talk about financial leasing, we actually refer to the English concept of leasing . This term refers to a rental, a lease, with a final purchase option. This type of contract is used mainly by SMEs (small and medium enterprises) because in the end it is a financing formula. It allows to reduce the expense and improve the liquidity of the corporation, without minimizing the options of using a specific asset that could be decisive for the production or general development of the company.

In other words, financial leasing allows you to try a product, get the most out of it, and decide later if you want to buy it . The purchase of a good is financed through a contract during a specific time and, when it ends, the buyer has three options on that good.

The first option is to buy it. In this way you pay a residual value, which is derived from applying the difference between the purchase price (plus interest) and the money you have already paid for your rent. What can also be done is to extend the contract, so that the lease of the property continues for a longer time. The last option is to return it and not execute the final purchase.

Some examples of assets in which financial leasing is used are in company cars or in industrial machinery.

What the financial lease offers

What the financial lease offers

This type of contract, which offers the ability to buy on a property after a rental period, allows the investment to be fully financed and is not part of the commercial financial risk because the property is not bought, it is only rented.

This for banking purposes, means that there is no financial risk. With the lease you can also obtain tax benefits, since the amortization fees can be assessed as a tax expense, and the total value of the leased assets (a company car, machinery, etc.) can be deducted as an expense.

However, what can not be applied is the payment of the residual value of the good, if the final purchase is carried out.

On the other hand, the lease has to meet a series of requirements such as the purchase option and have a duration that does not go below two years for personal property and 10 years for real estate. The quotas must appear in the contract, in such a way that a distinction is made between recovery of the cost of the good and the financial burden.

Comparison between leasing and renting

Comparison between leasing and renting

We must take into account first of all that financial leasing and renting are two very similar concepts but that they have a key difference: renting does not entail a possible final purchase of the property that is rented.

The financial lease is designed to act on assets that can be used in an economic activity, which means that it applies only to companies. This does not happen in the renting. This can be carried out both companies and individuals. It is a mere rental operation, so the company that exercises the lease does not have, in any case, a final purchase option of the property.

Diferenicias entre Leasing y Renting

In the case of renting you can talk about some advantages that are included in the monthly payment. If we give the example of a car, this rent is included in its maintenance, the payment of taxes on its use (such as the tax for circulation), and insurance. These services can be extended, but it depends on the type of contract. This is not considered in the case of financial leasing, except in exceptional cases, so it is logical that the renting fees are higher in a general way.

What also distinguishes leasing and renting is the duration of the contract. In the case of the lease, as already mentioned, the minimum time stipulated is two years in movable property and ten in real estate. It moves in long-term contracts .

The renting, meanwhile, has more flexible contracts that approach the medium term and there is a commitment to return if problems arise, but the state must be adequate. However, in both circumstances, the contract of the asset is renewed.

Tax benefits of financial leasing

In the financial lease there are a series of tax benefits. But, to access them, the contract must meet a series of requirements. First, the landlord in question must be a credit institution or a financial institution.

The leased property must be related, in any case, to the activity stipulated in the contract. Each good can be directed to perform different activities, but must always be linked to the one that appears in the lease.

The interest payable and the recovery part of the cost of the property must also appear in the contract, which must be equal or increasing according to the duration of the contract.

In financial leasing it is very important to always set a purchase option . If this is not done, the figure itself does not make sense for the parties, nor could the tax benefits derived from this figure be accessed. It must also include the option to extend the lease in question. Finally, the net tax value must be greater than the purchase option, since this value is the result of reducing the price of the acquisition.


Quarters of the home owners will soon have a residual debt

Kwart woningbezitters zit straks met een restschuld 23-08-2012 Nearly a quarter of Dutch homeowners are expected to have a residual debt at the end of next year. They then have a mortgage that is higher than the value of their home. This was reported by de Volkskrant on 10 August. The paper is based on predictions from ING economists in the new Housing Market Quarterly Monitor.

According to the predictions of the ING economists, the number of households with a possible residual debt, a negative difference between mortgage and sales value, is increasing considerably. Where in mid-2011 517,000 households had a residual debt, this number will reach 800,000 households by the end of next year, or 23 percent of all homeowners with a mortgage.

House prices are falling

In its calculations, ING assumes that house prices will fall by 5 percent in both 2012 and 2013. The bank also assumes that the housing market measures from the Spring Agreement will be implemented on 1 January 2013. The forecasts do not hold accounts with any financial buffers: savings or other capital with which households can absorb the residual debt. However, most households do not have enough buffer to absorb the residual debt.

Less supply of houses

The consequences of the rising number of residual debts are also becoming increasingly visible on the supply side of the housing market. ING and the NVM brokerage association both noticed an unexpected decrease in the number of homes for sale compared to 2011. This could indicate that more and more potential home sellers decide not to sell their house in order to prevent a residual debt. If house prices fall further, this effect could also become stronger.


Tools to better manage your personal finances

Managing your finances well is essential to avoid being in a debt situation. By realizing a good management of your finances, you manage to balance your expenses and your incomes. Insolvency Trustees provide you with tools to help you evaluate your budget and calculate your monthly fees in the event you find yourself in debt.

A good evaluation of your budget

slide 6

To understand your financial situation, it will be easier for you to make adequate and relevant decisions. There are also online assessment tools that are available to analyze your budget and are easy to use. It includes one part for income and the other for expenses. In terms of expenses, there are the usual parameters that could be expenses for you. Thus, you can inform the expenses of your transport, food, your debts, your rent, your insurance. Other expenses such as entertainment and health care may also be provided. With all this data, you can do the online calculation to find out if your budget is balanced or in deficit.

Calculate your monthly repayment

Calculate your monthly repayment

In case you are already in debt, another tool helps you calculate your repayment amounts. With this tool, you can have an accurate idea of the total amount of your debts. To do the math, you give, for example, your credit card balance and the interest rate. It is then up to you to indicate the minimum payment you wish to make or the number of months you need to repay your receivables. If you need help, a licensed insolvency trustee is here to help.

Every debt problem has its solution

In the face of debt problems, there are often solutions that indebted people do not know. These solutions are offered by insolvency experts to help them improve their financial situation. What benefits can be expected when opting for them?

From voluntary deposit to consolidation loan, a range of advantageous solutions at your fingertips

A licensed insolvency trustee offers tried and tested solutions that have proven themselves. We find among others, the voluntary deposit, the consumer proposal and the consolidation loan.

Each of these solutions has its particularity and is applied according to the financial situation in which you are.

The consolidation loan, for example, allows you to receive help from a financial institution that gives you a loan so that you can repay all your other debts. It will come back to you after you repay this institution.

Is it possible to have an idea of his financial situation?

Is it possible to have an idea of his financial situation?


Before making a decision, it is important that you know your financial situation and your level of indebtedness. Insolvency Trustees have optimized tools that allow you to do calculations to get an overview of your finances. In addition, you can also find out, based on standard parameters, how much you have to pay monthly to your creditors.

In summary, insolvency trustees have tools and solutions for debtors to deal with their debts. By exposing them to your situation, you are already making an important first step towards solving your problems.