All posts by Edward Persaud

Debt Consolidation Loan : Threats Lurking For Borrowers

 Water Dispenser is a financial product offered by a number of parabanks. These are financial institutions not covered by the supervision of the Polish Financial Supervision Authority. However, the KNF monitors their activities by warning consumers about frauds.

The borrower should remember to carefully read the contract and the total cost of the loan . In this simple way you can avoid the traps set by dishonest parabanks.

Paid data verification

Paid data verification

Before the transfer of funds by way of a loan, the company requires the applicant to make the so-called verification transfer. It is made before the loan is granted. It may therefore turn out that the loan will not be granted. The amount of the verification transfer is usually 1 PLN, but some paraffins require a transfer in the amount of PLN 1. In addition, the lending institution may require payment of a fee for verification in the KRD and BIG and for submitting an application for a payment. In practice, the verification in BIG or KRD may not be made at all – then cash is accessed from the consumer who is not aware of it.

Expensive prompts

Expensive prompts

The trap for the borrower can also be costly prompts. After the end of the repayment period, the borrower who is in default receives an SMS notification of the status of the debt, or letters of recommendation, which are in fact unnecessary. Charges can also be charged for telephone calls or electronic notifications. Notification about granting a loan can also be paid – these types of parabanks should be avoided by a wide arc.

Costs of debt collection proceedings

Costs of debt collection proceedings

Check whether the loan institution charges you an additional fee for just handing over the case to a debt collection company. It can be from PLN 100 up. The upper limit is not given. The costs of proper debt collection will be added to this.

Avoiding the acceptance of repayment

Avoiding the acceptance of repayment

Some parabanks require repayment of the loan at her facility. The network of branches is usually quite limited, which is associated with an additional cost of travel. An oversight can be very costly for the borrower – repayment of the loan by bank transfer to the company’s account will not be considered a repayment. After the expiration of the repayment deadline, you will be prompted and other procedures (eg debt collection proceedings).

Spiral debt

Spiral debt

The most dangerous trap related to payday loans is the spiral of debt. It is based on the fact that people incurring new loans for repayment of previous credits or loans are falling into increasing indebtedness.

In order to avoid the above-mentioned problems, one should carefully read the terms of repayment and the regulations of the selected parabank.


Online cash advance payday loans -How to find a cash advance loan com?


Today, many Swedes turn to the Internet when they need something, be it a commodity or a service. It is therefore not particularly surprising that the interest in loans is also high among Internet users. And if you belong to the group that chooses to do a lot online for convenience, the good news is that there are actually many loans that you can apply for directly via the network, to make it easier for yourself, since then you obviously do not have to go to the bank and Do all the administration there.

However, anyone who is interested in Internet loans does not know how to take these loans in practice, so here is a brief guide to this, so that you who are thinking about doing this know a little more about what is waiting for you. In our example, we have taken a person who wants to borrow SEK 35,000 as an example, but of course, the guide also works for other loan amounts, if they would be more relevant to you. Then simply replace the sum in the examples with the sum you want instead.

How to find a cash advance loan com?


This is the step that feels the most difficult for the beginner, because you have no idea whatsoever of where to actually turn to borrow 35,000 kronor, but in fact this is probably the simplest step of all, because there is actually a lot of companies and sites that made it their specialty to help beginners in the Internet cash advance market. The one site you need to visit.

These guides can tell you which the cheapest loan is if you want to borrow this amount. They also teach other interesting things about different loans, but also different lenders who can lend this amount to you. This goes on in just a few seconds, so this step is definitely not something you should worry too much about.

How to apply for the loan?

This step is also simpler than many believe because most loans offered on the Internet are so-called blank loans, ie. loans taken without collateral. This means that it is not necessary to tell the lender who you are applying for the loan of, what you want to do with the money, or provide some information about collateral etc. This facilitates the application process considerably, which means that it is surprisingly few data to fill in when applying for a bank loan nowadays. However, some of the information that you will probably need to provide is:

  • How much you want to borrow
  • With what repayment time you want to borrow
  • Where you want the loan paid if it is granted
  • Who you are applying for the loan is, ie. your name, your address, your social security number and so on
  • A phone number you can contact. (often you get SMS with loan message and other information about the loan, so we really recommend that you fill in your real phone number)

Today, many lenders also use e-identification to check out the identity of the borrower a bit. It can, therefore, be required that you authenticate yourself via e-ID in connection with your application. This is, of course, good, as this makes the service safer, and makes others not be able to apply for loans in your name and so on, so do not see this as something negative!

How to get the loan?

Your loan will be paid to the bank account you specified on your application. If you have several bank accounts, it can, therefore, be a good idea to consider where you would like to get the money before you fill out an application.

How is the loan repaid?

This varies slightly between different lenders, but it is, for example, It is common to get an invoice, one or more times, depending on the repayment period, on what is to be paid back. Then you can simply pay the invoice via its internet bank, just as you do with other bills you get. Some lenders also offer direct debit on loan repayments, and so on. In other words, in order to find out how the repayment takes place, you have to look at the information that the lender you choose offers about this.

Borrow 35,000 quickly and easily

Sometimes it happens that the money is not enough and one needs to fill up the checkout with a temporary loan. It is no secret that the loan market has changed a lot in recent years and that our way of borrowing money has also changed. Nowadays, it is common to choose different situations in everyday life with a loan, perhaps to be able to buy something or pay unforeseen expenses. And since there is a large range of loans today, it is not that difficult to find a loan that suits most purposes. If you need to borrow SEK 35,000, for example, you have several different options to choose from.

In the past, the usual bank was the obvious choice when you needed to borrow money. And many people probably choose a traditional bank even today. The ordinary banks have ordinary bank loans, without collateral, from about 15,000 and upwards, so it is perfectly excellent to apply for a loan of SEK 35,000 at their local bank office. But, it may be good to know that there are other alternatives as well. Here on the web, for example, you will find many other lenders who also give loans of SEK 35,000. These loans that you find online are easy to search and are handled quickly.

Loans for all possible situations

If you do not usually check loans online, you may be surprised at the large selection. Here are many different types of loans, loans that are intended for all possible situations. There are small and quick loans and larger loans with a longer repayment period. One can say that there are loans for almost everyone here. Online you can even find opportunities to borrow money even if you have a payment note or if you have no fixed income.

The loans that you should look at when you want to borrow SEK 35,000 are primarily private loans, which is another name for unsecured loans. Private loans are available in a broad spectrum that covers most needs in everyday life and more. Here are the smallest loans, which are usually called microloans, and the larger private loans that take over and give loans from SEK 10,000 and up. You can, therefore, get a private loan without borrowing anything or leaving any other security. This means, of course, that the lender takes a greater risk, which is often compensated with a slightly higher interest rate. However, the loans are handled faster than secured loans and you can get your application granted and the money paid out very quickly.

Loan application online

When you need to borrow SEK 35,000, you can choose between going to your local bank office or making a simple loan application online. If you choose to go to the bank, you need to be prepared for a while before you get your money. You must make an appointment and go to the bank office to make your application. You can relate to the bank’s opening hours and you have to wait for a message. If you need money quickly, the web is a better option. You can search the loans online quickly and easily when it suits you.

There are no opening hours to consider here, but you can make your application no matter what day of the week or time of day. Usually, you get a loan message directly on the screen and do not have to wait and wait for a message if you get a loan or not.

Searching for a loan online only takes a few minutes and it is easy to fill out the completed form. First, you enter the loan amount and the repayment period you want and then fill in the personal information in the form. Then just send your application with one click. As soon as you send in your application, an answer will appear on the screen. And once you have signed the agreement, the money can be paid out to your account. Today, many of the network’s lenders offer the possibility to sign the agreement electronically.

You do that by bank ID or other e-ID, and it only takes a few seconds. When you sign the agreement electronically, the money can often be paid out immediately. This means that you can have the money in your account the same day.

A very wide range

There are many lenders online, and they offer a very wide range of loans. If you need to borrow SEK 35,000, it is, therefore, a common private loan that is the best option. Here on the web, you can easily find a loan that suits you and your needs. The loans are flexible and you can tailor it to your personal needs and conditions. You can decide on the loan amount yourself, and the repayment period and thus get a loan that suits your private finances.

Here, all the loans are collected in one place, which means that you can compare interest rates and conditions to find the loan that is most advantageous to you.

If you are planning to buy a slightly more expensive item, you are probably looking at prices in different stores so as not to pay more than necessary. And, of course, it should actually be to compare interest rates and fees when taking a loan. A loan also costs money, and it is just as unnecessary to pay more than one has to on a loan as on another product. It can be very profitable to compare different loans as there are major differences both in terms of costs and conditions. Most online lenders have a tool on their website, which you can use to get the actual monthly cost of the current loan.

The desired amount and desired loan period

The most common is that you provide controls that you can draw to the desired amount and desired loan period. Once you have drawn the controls, you can see the monthly cost that applies to the current loan. You can move the controls and change the loan amount or repayment time to see how the monthly cost is affected. In this way, you can find ways to customize the loan according to your needs and your finances. These loans are very flexible because you can choose how much you want to borrow, and how long the repayment period you want. This gives you the opportunity to customize a loan according to your current needs and conditions.

Advantages of non-bank loans – is it worth taking a break?

Advantages of non-bank payday loans – is it worth taking a break? Standing before making a decision on choosing a payday loan, we usually choose one of two ways: a payday loan in a bank or a non-bank payday loan. As a result of many myths that have grown up in recent years, in most cases we decide to go to the bank: only 3% of Poles admit to using the offers of parabanks.

The remaining 97% do not seem to realize that in many cases they are a much better solution! And although we will not get a mortgage in a company of this type, we will certainly be able to finance the car thanks to its services, and it is not so cheap. So when is it worth knowing deeply the services of companies offering non-bank payday loans and payday payday loans and what are the most important arguments supporting the thesis that it is sometimes worth turning to them instead of classically going to the bank?

A fast non-bank payday loan alternative to a credit card

Almost half of Poles already have it in their portfolio – and as many of them would like to free themselves from it, but they do not have a repayment obligation. Speaking of a credit card – a tool that can be very helpful and give us the opportunity to build a positive credit history in BIK, but constant access to it involves the risk of spending too much cash. It results from one simple rule – until the limit is available, we are deluding ourselves that we will manage somehow within the period of interest-free repayment period (the so-called “grace period”). However, there are small financial problems, and we are already forced to spread the repayment for two months, but still using the card after some time we lead to the situation when the limit is almost exhausted, and the minimum repayment sums our budget. In this situation, the credit card is no longer a salvation in a situation where to pay a few more days, and we lacked the livelihood, but a frustrating piece of plastic, which we still pay, but the funds do not increase.

It is in a situation in which we run out of cash for a few days, we recommend non-bank breaks. Their name comes from the specifics of such payday loans: they are usually granted for 30 days. An absolute novelty on the market are payday payday loans that can be spread over two installments payable in a 30-day interval. Apart from the fact that they do not tempt us like the mentioned card, they have another advantage, resulting directly from the offer of many, though not all, companies offering non-banking payday loans. In order to gain the trust of our clients, they propose completely new free payday payday loans, thanks to which we are obliged to pay only the amount we borrowed. This is by far the best alternative to a credit card, completely non-binding, and above all without any costs.

Freelancer and student too man!

Self-employed people know very well the problem that arises when talking to a bank employee when applying for a payday loan. Half of all poverty if we have our own business activity: just to provide tons of documentation. These include revenue and expense ledger books, often from the last 12 or even 24 months, certificates from the Revenue Office about incomes for the previous year, ZUS certifications about not paying fees … this list could go on forever. Nevertheless, it is possible to obtain a payday loan or credit.

What does the situation look like if our own business is simply unprofitable for us and we work on a contract of mandate or for a work? In the end, the vast majority of freelancers: graphic designers, translators and musicians, do not achieve such a high income at the beginning of their professional career, to also handle the ZUS monthly payment (the premium amount again this year has risen again and amounts to over PLN 1,100 monthly). In this case, contracts for work and orders are completely useless – it is very rare for a bank to payday loan us. It happens only when we have been working in this way for a very long time and we have achieved high revenues.

Opposite to the needs of such people, payday loan companies are coming out – for them the type of contract is not important for them in the majority. Unless we get a payday loan for proof, we can be sure that by submitting contracts – orders and for a work, we can safely get money even for a longer period of time. This is a great solution, especially if we have to invest in the development of our workshop – as a rule, these are not staggering amounts, but banks will hardly ever support us.

Speed, convenience and money immediately on your account

These are the most important advantages of non – bank payday loans if we were in sudden trouble even in the middle of the night. The whole process of granting credit – from creating an account to transferring money to our account – takes place completely online, all we need is a computer with access to the Internet and an ID card. If we apply for more money, it may be a good idea to send employment data in the form, but not all companies require it. If we are under time pressure it is good to look for a company that has an account with our bank – then the whole procedure to receive the money will take only a few minutes.

Non-bank payday loan: a solution worthy of recognition

As can be seen from the examples above – the offers of banks are not the only interesting solution when it comes to solving our problems in the absence of cash. Companies offering non-bank payday loans offer us a number of interesting solutions that may interest many of us. The most common argument of opponents of parabanks is the high interest rate on the payday loans they offer, which is also not true – zero interest rate on payday payday loans is a phenomenon not present in the banking offer. In addition to all these advantages, it is also worth mentioning attractive offers for regular and reliable customers, for whom we will be regularly informed by non-bank companies if they agree, and which usually appear when most of us need quick cash – in other words or holidays. It is definitely worth to read the parabanks and be convinced.

Small House Loan Financial Strategy – Credit Loan


At the end of December 2016, we packed our wife and our old with some suitcase, accessory and our three dogs. We drove from our 2500 square foot house in North Pärnu County. Our destination: 500 square foot cabin in the small town of Spur, TX.

This is not an article of finding our bliss by eliminating the financial burden of modern mortgages. Although this is something. This is more measurable. We stumbled upon something that could become a strategic process for everyone who is tired of the lack of eternal debt and savings.

Until we moved to Tartu County, we had a fair share of debt. I wouldn’t call it terrible, but what we had a hard time shaking. After ten years of marriage, we had to pay for this car, mortgage and student loan. We knew we were in a long distance with this mortgage, not to mention that it was an investment. However, the student loan seemed to have been too long. We lived out of our salary and were grateful that we never had much left at the end of the month. It’s really hard to spend on what you have, the debt decline. Paying a minimum fee is much easier and better.

All this cycle was incredibly frustrating. I felt like I was in a trap where I could never save or eliminate bigger debts. I would imagine leaving it all down. Live in the RV online, getting wood warm and growing your food. It was all unrealistic about the various escape strategies I found attractive. Finally, I ended up fantasizing and started exploring. I looked at my fantasies in detail and tried to decide which one might be practical for me, my wife, our dogs and our specific situation.

In 2015, Spur pointed out that he is the first official small town friendly town in the country. I had never looked at Tartumaa, but this process requires an open mind. In October I made a trip to check it out. I didn’t see the perfect little town, but I saw the potential. So many options. The cost of living was very low and the land was ridiculously cheap. In an attempt to attract teleworkers, the internet was all over the internet. If I could go a long way and if we could find someone to help us build a small home, it seemed that this could be the answer we were looking for.

At the beginning of 2016, we bought two, next to empty, Spuri district. They were very cheap. We managed and met someone who had years of construction experience and wanted to lead the pre-fab cab delivery, install it on a concrete panel and build a fence and porch. I moved to a full-time distant position where there were no restrictions on where I lived, as long as I showed up on the Internet and did my job. We had to borrow money from our 401k to finance the construction, with some weak savings, but if everything worked as planned we would be able to repay the loan after we moved and sold our Pärnu County.

In the summer of 2016, the concrete foundation was poured, the cab was delivered and installed, pipes and cables were connected, and construction began at the fence and porch. The processing and management of phone data was stressful, but by the end of 2016 it was almost complete. We put our Pärnu County on the market and traveled to Tartu County.

As planned, our old home soon sold after the move. We paid back a 401k loan and settled for life without a mortgage. My salary, which was hardly enough to live in Pärnu County, seemed to be a huge Spur. We put a fair amount of money on each salary. At weekends I would drive an hour and twenty minutes to Lubbock to get access to high-quality, organic food, and I would buy without paying much attention to price tags. This kind of financial freedom was new to me and I loved it.

At the end of summer 2017 we had zero debt. The car was paid and the student loan, which was my absolute joy and surprise, was finally paid off. We had taken a small loan for the shelter of the ground storm and we could pay for it. Most of my wages went straight to the bank.

Let’s take the time to talk about the monthly costs. Suppose we were relatively typical before this point. Mortgage, car payment, student loan (luckily only one), groceries, utilities, data plans, such things. These first few are usually big and they were also for us. By the time we arrived at zero debt in Spur, it meant that we had no mortgage, no car payment or no student loan. We still had to pay for groceries and other bills, but they were now very easily covered because the first three did not distribute our funds thin. In addition, if we wanted to further simplify, we could influence what we spent on the rest of our bills. For example, stop buying a $ 6 dark chocolate box.

I saw this moment coming and I was pretty sure how to react to it. I imagined myself first reducing my working time. Finally, I would like to walk from a stable job to a more risky but much freer self-employed position. This would allow me to check my hours and I don’t need much. I calculated that our family would be more than comfortable if I presented them to 15 a week. I thought I could always make more money than I needed extra money. I wasn’t sure how we would retire, but I also thought I didn’t need a freelancer. I can make it easy for a while and worry about the future.

I didn’t expect what really happened. When we arrived at zero debt and my payment controls became investment potential, I felt my powers. I felt that we were our marriage for the first time under our financial control. I mean the life I had, working at home, something I really enjoyed, not commuting, not neglecting my family, and actually pretty happy. My wife was also happy. I realized that I didn’t just want to work less. I realized that working time was not a problem. The problems were already eliminated.

And so we began to think seriously about something new: Investing.

And so we began to think seriously about something new: Investing.

It led the way, which eventually took us away from Spur. The result is personal and subjective – that’s what we wanted and so we went for it. All this is that we reached this point. It was a 17-month stay in Spur, which is here for us. If we had not entered an uncharted territory ready to fail, we would be tough every month. I would never have tasted the ultimate freedom, which is the choice. To get what I thought I wanted to sit right in front of me. To really test your assumptions about how I wanted to live my life.

“Be Rational” is what they tell you if you have a sensible reaction to a mad situation and the reason for their mind is F * ED. Be rational. What this really means is to take your status quo. Assume a position. ”


Ok, I’m not saying someone who follows the status quot will take a position. But I think Sullivan is a great point. Usually, life is required to do what most people do, regardless of what is best for the individual.

Going to the spur is not the rule of “adult life”. A high school advisor would not recommend you take a few years in small houses in a small house to get your finances in order. So consider this as extraordinary advice. Be strategic. Think long term. Find a way to get your finance back under control. Listen to other opinions, but make your needs a priority. Take the risk, make sure that the worst case scenario is something you can live with. Then take your life over.


Pay Off Credit Debt – An Easy Trick You’re Able To Use

An organization determines what your financial situation is and may total up your financial troubles. They can turn-around and negotiate together with your lenders to lower the outstanding stability. Then they may generally pay-off your financial troubles and present you with one mixed lower monthly bill. There are a handful of strengths along with some disadvantages to this technique.

The programs offered to seek to Combine Your Payday Loan payments into one new low month-to-month payment and accumulated funds will then be utilized to Settle Your Payday Debts with your lenders one by one. Combining Payday Loans – Combining all your payday loans into one low month-to-month payment can conserve you a great deal of money and time dealing with multiple different payday advance lenders and debt collector. Your payday loan consolidation company can likewise remove all interest and charges while working out a comfy repayment plan for you on all your payday loans.

Which means you’re most likely not currently gaining enough money or you are paying plenty of money. In either case, you’ll need to take remedial action rapidly. Apparent familiarity with every one of these factors will fit you in a position where you recognize the job at hand well.

After you call upon the companies for a credit card debt consolidation corporation, they’ll do everything inside expertise and their strength to eliminate every one of the late charges and variable costs which were stacked upon the bill since it defaulted. The savings can be put to better use paying off the credit card principal balance.

How come this possible? The solution is twofold: First, billions of bucks of funding has been put in the American Economy to help with your scenario. Our Leader offered a significant change towards the people which bill was one of many first points he did to aid those people who are contained indebted. Subsequently, with President Obama’s credit card debt relief method, many collectors have already been so-called “bailed out” due to government cash.

Individuals who are completely frustrated with their finances see as being a last-ditch effort bankruptcy. As common because itis become, bankruptcy does have an effect on your own credit score.

Split your aims into steps that you can focus on each week. Like, if your first objective is to pay off credit card debt, you must crack down that. Produce a listing of factors you can certainly do to make this occur.

Be sure you have the designated cash stored while in the bank to ensure you can satisfy your payment requirements punctually, by using your credit card for ordinary objects. Mostly, you should pay your credit card balance off in full every month and become confident the fee is created punctually. Delayed or missed funds are going to do some severe injury to your credit rating plus it may be difficult to restore those credit mistakes for weeks or years into the future.