Monthly Archive: January 2020

Pilots in trouble due to high loan.

 

Cream Bank was taken to court by a group of sixty young pilots.

Cream Bank was taken to court by a group of sixty young pilots.

The pilots cannot pay off their high loan because they earn too little or are unemployed. In addition, according to the pilots, the bank should never have lent them so much money.

A group of sixty young pilots thinks that Cream Bank has given them too high a loan to be able to follow their training. The group is now taking the bank to court because they cannot pay off their study loan. Cream Bank provided the pilots with a loan of one ton, and they borrowed another 50,000 USD to pay the interest during their training. The bank is said to be talking to the unemployed pilots and looking for ‘suitable solutions’.

According to Cream Bank, one of those solutions is that the loan can be repaid over a longer period. In addition, the bank would have offered to temporarily freeze the interest, so that the pilots’ debts do not increase further. However, the lawyer of the group Frank Olberts no longer wants to wait on the couch. “Many of these people would be even better off in debt restructuring. That cannot be the intention. So we are going to demand that the loan be brought back to acceptable proportions, ”said Olberts.

Pilot who earns too little 

Pilot who earns too little 

The pilots are said to have gotten into trouble because most of them are without a job or earn too little. Pilots at price fighter Ryanair get much less than at KLM, among others. However, Cream Bank expects the market to pick up again and that in the long term there will be sufficient work for all pilots sent. A spokesperson also pointed out that the pilots can pay off their loan and that Cream Bank has indeed informed the prospective pilots and their parents about the risks.

Olberst points to a recent ruling on over-crediting in which the bank had to pay the interest. The case is expected to be brought before the court in Amsterdam in a few weeks. The young pilots’ lawyer wants the amount of the loan to be reduced to the ‘proportions that can be paid off for normal people’. In addition, an appropriate payment arrangement for pilots should be made.

Take out this exciting credit when you want to get married.

In general, the partner’s debts are only liable if the partner has committed to it. For example, if the husband takes out a loan that should actually be for his wife, the wife only needs to be liable if she has signed the loan agreement as a co-applicant. The same picture emerges if a housewife who has no income of her own takes out a loan for the husband, or incorrectly signs the loan contract, this process and contract is considered immoral. This shows the legal situation with a marriage loan.

The starting point for credit in marriage

However, it is not automatically the case that the husband takes out a loan in the marriage for a car, that the wife has to be liable for just because she is married to the borrower. If only one part of a loan is taken out in marriage, the part has to pay the installments alone. The item purchased and paid for with credit then belongs to him. Of course, the banks know about this.

To be on the safe side, when borrowing from couples, banks are required to both sign the loan agreement. From this point on, they are liable, even if the marriage should be divorced, as long as the loan has not been paid, the divorced partner must also pay for the loan. If the loan was signed by a partner alone and there is a separation, then only the person who signed the loan is responsible for the loan.

The other partner is not affected. The bank cannot automatically turn to the other partner if the loan is no longer paid. A marriage loan can be described as a co-applicant loan. Joint borrowing is possible, but not mandatory. Only the person who has put his name under the loan agreement is responsible for repaying a loan.

A joint liability could arise if the loan was taken out in the marriage in order to live a common life. In general, a loan can only be granted to one person if they have their own income. If both spouses have income, the rate will be as if only one person had taken out the loan in the marriage. In the case of a loan with a spouse, the income must be sufficient.

The loan search

The loan search

If the couple have a common checking account, the partner can also be given an overdraft facility that is not working. The available household money or pocket money for the partner who is not working could be transferred to this account. However, if a credit card is requested, the bank will not require proof of income as long as the normal credit line is used.

These payments can thus be interpreted as income. The credit card with partial payment function could then also be used. However, this function should only be used for a short time because the interest rates are very high. The situation is similar with the disposition provided. It also has high interest rates and is only intended for short-term use.

If a loan is applied for, the general conditions for a marriage loan must be just as correct as for all other loans. The bank then assumes, depending on how high the loan amount should be, that both sign the loan agreement. However, only one of the partners counts if there is sufficient income.

Most of the credit is taken out by the main earner alone. Where the loan is applied for is up to the loan seeker. He can do this at his house bank or choose one of the many direct banks on the Internet. A cheap provider can be found with a credit comparison. The comparison is free of charge, only the loan amount, the term and the desired rate are entered.

The loan seeker then receives a list of all providers. He can compare these with each other and choose his provider and also immediately apply for a loan. In order to get a loan without any problems, the customer must have a regular income. Likewise, the Credit Bureau must be impeccable, it must not contain any negative entries. This could lead to a loan refusal because the bank’s risk of default would then be too high. The bad Credit Bureau tells the bank that there have already been payment problems.

If you are creditworthy, you can use the loan comparison to choose a cheap lender. The current low interest rate level allows a particularly favorable loan to be taken out. Note the APR, which has all the costs of a loan. But not only the interest rate is important, free special repayments should also be agreed. This also includes rate breaks.

But at the very beginning of a loan search should the question be? Can a loan be paid at all? Does the monthly budget give a monthly rate? To this end, loan seekers should draw up a budget. The income is compared with the expenditure. There should be an acceptable balance remaining. If the invoice does not produce a positive balance, the loan should not be taken up in the marriage, the loan default then seems preprogrammed. The result can then be a negative Credit Bureau entry, which no longer allows further borrowing from a conventional bank.

The bad Credit Bureau loan

The bad <a href=Credit Bureau loan” width=”660″ height=”446″ />

If you already have a bad Credit Bureau, you will often no longer receive a loan from the house bank, branch bank or online banks. The solution would then be the Credit Bureau-free loans from abroad. These loans are advertised by credit agencies that specialize in difficult loan searches. However, the customer should make sure that they hire a reputable broker. Pre-costs and dubious insurance contracts are excluded from a reputable broker.

Conclusion

Conclusion

Basically, it is important to note that a marriage loan only has to pay the partner who has signed the loan agreement. If both partners sign, both are liable. If the separation is due and one partner only transfers half of the rate, this cannot be tolerated. The bank won’t care whether the couple lives separately or not.

If the partner has to pay the installments that are also subject to maintenance, these can be reduced in whole or in part.

Swiss loan without Credit Bureau for 3500 USD.

Did you know that a Swiss loan without Credit Bureau, with a loan amount of USD 3500, has not come from Switzerland for a long time? The article provides all the important information about Swiss credit without Credit Bureau 2013.

Swiss loan without Credit Bureau – 3500 USD Credit Bureau-free small loan

Swiss loan without Credit Bureau - 3500 USD Credit Bureau-free small loan

Switzerland is known and famous for many things. Everyone involuntarily thinks of mountains and snowy landscapes. Switzerland is also an important financial center. For a long time, Switzerland was a safe place for the wealthy people’s investments and special loans for poor people. A Swiss loan without Credit Bureau, with a loan amount of 3,500 USD, is part of Switzerland’s public image.

It was not only the name of the country of origin that shaped this type of loan. Many also associate the sums of 3,500 USD and 5,000 USD with this foreign loan. Unfortunately, the Credit Bureau-free credit facility from Switzerland also repeatedly caused negative headlines. Reason enough for the Federal Financial Supervisory Authority (Banking and Finance) to intervene. In 2003, Banking and Finance prohibited Spin Lender from granting loans in Germany. A long legal battle followed through all instances. Six years later in April 2009, the Federal Administrative Court ruled finally.

The company was no longer allowed to grant loans to Germans. The last real Swiss loan without Credit Bureau disappeared from the market. Spin Lender and presumably also the competitors from Switzerland lacked a decisive banking license. Without this license, future loans to Germany, which is around 90 percent of Fidium’s business, would not be legal.

Swiss loan from Liechtenstein since 2010

Swiss loan from Liechtenstein since 2010

The court ruling had far-reaching consequences. Financing without Credit Bureau was suddenly no longer legally possible from one day to the next. To compensate for the gap, various loan concepts were tried in the context of private lending. The result, however, was extremely devastating for the credit intermediation industry.

A loan without Credit Bureau, if there was any investor at all, became prohibitively expensive. At that time, effective annual interest rates of 20 percent were reported. Those who saw no other choice and took advantage of these offers often got into a spiral of debt, which in turn produced negative headlines. It was not until 2010, when Across Lender was founded, that the credit opportunities for affordable, Credit Bureau-free loans improved again. Since then, however, the Swiss loan without Credit Bureau, with a loan amount of USD 3500, no longer comes from Switzerland, but from Liechtenstein.

This time, in compliance with the law, the Lite Bank has practically completely adopted Spin Lender’s concept for success. According to unconfirmed sources, the same investors are behind this bank that previously stood behind all Swiss credit providers. The interest rates for a Liechtenstein loan are of course still adjusted to the credit risk. With an effective APR of 11.62 percent, they are roughly at the price level of an average overdraft facility.

Credit conditions for Swiss loans 2013

Credit conditions for Swiss loans 2013

A Swiss loan without Credit Bureau is endowed with a credit sum of 3500 USD or a net credit sum of 5000 USD. The loan offer of the Lite Bank is aimed exclusively at employees who are subject to social security contributions. The employment contract with the current employer must have existed for at least 12 months. Loan protection is based solely on the secure monthly income. Therefore, depending on personal circumstances, income must significantly exceed the garnishment exemption limit. Guarantees or property collateral cannot compensate for a low income.

Employees whose income is seized or the attachable portion of the income has ceded cannot qualify for a loan. In addition, the public debtor register is viewed for the credit check. Anyone who has submitted the EV or has another entry in the public debt register is also excluded from lending.

Credit conditions for approved Swiss loans

Credit conditions for approved Swiss loans

For a Swiss loan without Credit Bureau, with a loan amount of USD 3500, the Lite Bank calculates 11.62 percent APR. The loan is repaid in 40 equal monthly installments of USD 105.95 each. A total of 4,238 USD must be repaid for 3,500 USD of Swiss credit.

A single person without any maintenance obligations must prove at least USD 1,130 monthly net income in order to qualify for the loan. If the prospective customer has to support a person who is subject to maintenance, the minimum income increases to 1,550 USD.

Child benefit and other social benefits from the state cannot be counted as income. For Swiss credit without Credit Bureau, with a loan amount of 3500 USD, only the net labor income counts as credit-relevant income.