Loan to be taken out in the past that has not yet been repaid

In order to raise liquid funds, a loan can always be a solution. So a loan is needed for different purchases or invoices. However, it is not uncommon for a loan to be taken out in the past that has not yet been repaid.

It is not always easy to convince a bank to grant another loan. In today’s times when life is very expensive, nobody can do without money, so there is often no other way out.

How can I get another loan?

How can I get another loan?

Anyone who wants to take out a loan despite a loan is not entirely lost in banking. Those with a particularly high salary and who have always paid off the old loan installments on time will not have as much difficulty borrowing. In any case, the salary must be sufficient for both loan installments so that the bank can be convinced. But if that is not the case and the income is not that high, the difficulties begin. Banks require a loan to be repaid. If they consider the risk to be too high, they can also be rejected. However, the chances can be increased if the collateral is also available. Anyone who provides collateral can also take out a loan despite a loan.

What security must be available?

What security must be available?

If the applicant does not have a high income covering two loan installments on a loan despite a loan, then he can provide other guarantees. This is how a guarantee can help you get a loan despite a loan. If you cannot find a guarantor, you can also use your life insurance to give the bank the security that the loan is covered. If all else fails, then only one credit will help, despite a personal loan.

You can find private individuals not only in your own family, but also on the Internet. Here, private individuals often grant a loan where no Credit bureau information needs to be given. So there may be an opportunity to get the loan. It must be ensured that you do not become over-indebted. The second loan should be kept as low as possible so that the financial burden does not become too high.

Dream home in the new year – compare loan conditions now.

 If saving is no longer worthwhile, it is time to spend your hard-earned money and invest it sensibly – especially in the current low interest rate phase, it is definitely more sensible to put your savings into an investment than to park the money in a savings account. In recent years, the Germans have rediscovered the so-called concrete gold as an important investment, i.e. buying a property in order to secure or even increase their own savings in the long term.

Thorough planning is essential when it comes to real estate loans

Thorough planning is essential when it comes to real estate loans

But no matter how full your own savings account is at the moment: Very few consumers can finance the purchase of a condominium or even their own house entirely out of their own pockets. However, this is not necessary at all, because just like savings interest rates, the conditions for real estate loans are currently at an all-time low. However, due to the large amounts of money and long commitment that the borrower makes to the bank when taking out construction financing, the taking out of a building loan should always be planned thoroughly and in the long term. So if you want to fulfill your dream of owning a home in the new year, the best thing to do is to find the right, most affordable financing right now.

Free home finance comparison finds the most favorable terms

Free home finance comparison finds the most favorable terms

The first step in successful construction finance is to take stock of the existing equity that is to be brought into real estate finance. In order to obtain cheap building finance, future homeowners should bring in at least 20 percent equity. Therefore, the maximum budget for the search for your own dream house results from the amount of existing equity.

Once the loan amount of the real estate loan and the maximum monthly repayment rate have been determined, the current conditions of different providers can be determined via a free real estate loan comparison on the Internet.

By the way: If the new year does not start with a move to your own four walls, but only with a move to a new rental property, you will also find a cheap loan here to finance the moving costs or new furniture.

How serious is a loan comparison on the Internet?

Whether new clothes, the next dream vacation or a great TV – buying goods over the Internet is usually not only more convenient, but in many cases also cheaper than in the store. However, when it comes to opening a new account or taking out an installment loan, many consumers are skeptical and reluctant to do their business in the branch rather than on the World Wide Web.

In principle, a certain caution against buying goods and services on the Internet is not inappropriate – taking a loan through a reputable comparison portal is not only safe and convenient, but also significantly cheaper than in a bank branch.

Banks are looking for new sales channels on the Internet

Banks are looking for new sales channels on the Internet

For the banks themselves, the sale of their products via a comparison portal is a welcome new sales channel: by listing them in a credit comparison, the institutes can save themselves high expenses for marketing campaigns or customer acquisition. If a loan is successfully brokered via the comparison portal, the bank only has to pay a commission to the portal. In this way, both the bank and the customer benefit: the bank saves high expenses and can therefore offer its customers the loan at more favorable terms.

In addition to the usually more favorable terms that banks offer for their loans in online comparisons, users benefit from another advantage: service hotlines with credit experts from comparison portals and direct banks are usually also available to their customers outside of the usual bank opening hours. Additional contact options for the consultants on the comparison portal and the customer advisors at the direct bank also exist via email, fax or post.

These features distinguish a serious credit comparison

These features distinguish a serious credit comparison

But there are certain features that separate the wheat from the chaff and distinguish a serious online loan comparison from dodgy providers. So-called “trust seals”, ie special awards that confirm the trustworthiness of the website or the provider, provide clear evidence of a trustworthy credit comparison. A well-known element of trust is, for example, the TÜV logo. Another source that can confirm the seriousness of a credit comparison are generated and genuine customer ratings, which are collected by an independent rating company.