Payday loan consolidation reviews -Fast and easy payday loan consolidation

We think about it most often when we are struck by numerous financial obligations. While it is easy to get it done in the bank, the rules of the game are not fully defined in the case of loan companies. Consolidation of payday loans – today we are checking whether such a solution is possible in non-banking institutions.

Consolidation known from debt economics is a combination of liabilities held into one. We can use this solution when the total amount of monthly installments begins to threaten our financial stability. By granting us a consolidation loan, the bank does not give us money, but it regulates our liabilities. We, in turn, become debtors only to the financial institution that granted us such a loan.

Changing the creditor, however, is not the main goal of consolidation. This solution is all about reducing the monthly costs of servicing our debt – so that we can easily meet them. So we don’t pay several different installments anymore, but one – often much lower than before. Of course, this is associated with the extension of the loan period and the increase in the total cost of the loan – nevertheless, higher fees are spread over time, so our financial liquidity is in balance.

Fast and easy payday loan consolidation

Although the service called payday consolidation does not formally exist on the non-banking market, you can use at least two solutions that will have the same effect.

The first is a bank loan for any purpose. By making this commitment you can borrow money whatever you want and choose a longer loan period. Thanks to this, you will pay off all your payday loans on time and the capital received from the bank will be returned in low monthly installments.

The second solution is an installment non-bank loan. You can also borrow money to consolidate payday loans from lending companies with longer payments. As in the case of banks, also here with the money from the loan, you will pay off all payday loans, and with the installment lender, you set the repayment terms so that the monthly installment does not burden your home budget too much. Non-bank lenders usually do not ask for what purpose you need cash, so you will be able to use the funds you have received to pay the payday loans.

Payday loan consolidation is a phenomenon. So if you want to consolidate payday loans, you have to do it at Consolidation Now official website.

Forget about another payday loan!

Forget about another payday loan!

When thinking about consolidating payday loans, never take a quick loan for this. Payday loans have a short payment period, so you can easily get into even more financial trouble. In your case, the only option is only loans with the option of repayment in installments – so look only for such obligations.

Is it worth consolidating payday loans?

Is it worth consolidating payday loans?

Also, remember that consolidation of payday loans only makes sense if your financial situation allows you to pay back the loan taken out for this purpose regularly. If you know you can’t pay even the lowest monthly installment, it’s not worth the risk. Being in this position, think about other solutions, e.g. consumer bankruptcy. Only such an action will allow you to overcome debts and go straight.

 

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How to obtain a professional loan? – Criteria.

The search for a professional credit, may seem perilous especially for neophytes. Indeed the visit to the banker can scare entrepreneurs in the making.

Yet the banker must, a priority, be considered an ally. Indeed, its role is to finance business projects It must be thought that the banker is constantly looking for new customers including contractors but he can not do anything and he can not do anything. has a considerable advantage: he can choose his customers.

Put all the chances on his side!

Put all the chances on his side!

Thus it is necessary to prepare for this interview to demonstrate that the banker will acquire a new reliable client.

To do this, the funding file must be complete in order to avoid subsequent requests for documents and round trips. This can also demonstrate a certain rigor of the entrepreneur.

The contractor must know his file at the fingertips and justify all elements of the forecast balance sheet.

He must also know the criteria of the bank to ensure their respect or to be able to bounce on the weak points of the project.

Despite good preparation, some processing times are incompressible because of the internal organization and the size of the bank.

Once the agreement in principle, it is not prohibited to negotiate banking terms and fees for the establishment of professional credit.

Properly define your financing needs

Properly define your financing needs

The needs of the business should be defined to determine the appropriate sources of professional financing. Does the company seek to finance investments? the need for working capital? cash?

The definition of these needs makes it possible to define financing methods: short, medium or long term.

Indeed, investments can be financed by medium-term loans. If it is real estate, one can imagine to finance on long durations, 12 years, 15 years, 20 years.

Movable investments (equipment, production tool) are generally financed by bank loan over 7 years.

The need for working capital is not financeable by borrowing. Other means exist such as discount, dailly, factoring.

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In what company can we find loans on the phone?

On the Polish non-bank loans market you will find companies that grant financial obligations online or less often at stationary outlets. There are also still lenders even offering loans at the client’s home. However, are there companies that offer phone loans? If so, how should we proceed to have our application accepted? See methods for payday loans by phone!

In what company payday phone call?

In what company payday phone call?

Below is a list of companies that offer their clients the option of applying for a loan by phone. If we are interested in one of them, just click “Submit Application” and we will be directed to the lender’s website, where we will find detailed information.

In the case of BestCredit lender, it is also possible to complete all formalities in stationary branches. It is worth looking at Lendon’s offer. In this example, we will explain how the payday phone proceeds after prior registration. The phone money offer is usually available to regular customers. If we are new customers, we will be asked to register your account in the company’s system. The registration form usually contains fields also required when applying. Therefore, payday phone calls will be a great help for regular customers. For the first loans, it’s better to go through the entire online process, because we won’t skip the need to verify your identity or complete the application anyway.

There are also companies on the market that grant loans by sending a text message by the customer. 

What is a phone loan?

What is a phone loan?

A telephone loan means above all a special form of applying for financial support, which should be exemplary as follows:

  • Most often, the customer leaves the contact form on the lender’s website and waits for contact or less often calls the selected number of the company providing the loan on the phone.
  • During the conversation with the consultant, he declares what amount he wants to borrow and when to pay it back.
  • Familiarize yourself with the cost of the loan.
  • Then, if everything is correct, he provides information that he would otherwise be required to enter in the appropriate places on the form.
  • We also need to be prepared for additional questions from the consultant.
  • In some cases, we can already receive a preliminary credit decision. Then the lender will verify our application and we will soon find out what his decision is.
  • If the loan company accepts our application, then within 2 days at the latest, the money will be transferred to the account or paid in the way we choose, for example at a post office using a GIRO check.

What are phone loans really about?

What are phone loans really about?

A telephone loan is intended to be a quick way of receiving an extra cash injection that should help us in times of crisis. However, it is difficult to find a company that only offers phone loans. Usually, requesting by phone call is simply an option for quick application in the selected company. That is why it is even more important to beware of offers from unknown companies that advertise on Internet forums or through mysteriously sounding messages on bulletin boards. It could be a fraud attempt or suggestions from private individuals dealing with usury that is illegal in our country. Typically, these types of companies do not have their own website, which should raise suspicions. If we do not find an entry in the National Court Register of a given loan company, it is already a warning light that someone is trying to deceive us. Despite the unfavorable financial situation, beware of similar offers of private loans from non-legalized business activities. It is also worth looking through the register of KNF loan institutions. We may also use the list of public alerts from the PFSA, where institutions with suspicious illegal activity are published.

Phone loan without BIK – what does it mean?

Phone loan without BIK - what does it mean?

It is difficult to find companies that do not check the customer in BIK, it is simply impossible due to the obligation to verify the borrower’s creditworthiness by financial institutions. Especially when it comes to banks that must act in accordance with art. 70.1. The Banking Act, which states that a loan will be granted after checking the consumer’s creditworthiness. In the case of loans without BIK, we are talking about non-bank institutions that check the client’s credit history less restrictively and allow them to take out a loan, despite slight arrears in repayment of other liabilities. In this case, we are talking about, for example, Fasticka, which grants loans to people who can present the guarantor. The resident signs a contract with the borrower, in which he undertakes to repay the loan in the event of problems with the settlement of the debt by the client to whom the money goes.

Fast phone loan – applications

Fast phone loan - applications

A quick phone loan can also mean an application process for financial commitment electronically on a mobile device, i.e. using our smartphone. In principle, this type of application for additional money indicates a loan over the Internet, but we can also call it a telephone loan, because this device will be used to receive financial support. We are talking about a quick loan not only because of the shortened waiting time for the lender to consider the application, which is particularly emphasized in the sector of non-bank loan institutions.

A quick loan also means a minimum application time, which is possible thanks to perfectly adapted websites to mobile versions. The largest loan companies, after previous analysis of customer behavior showing that we are increasingly choosing a smartphone to browse the internet, care about the quality of service of their own loan services. They allow quick application for a loan or service of an existing benefit, among others: extension of repayment, reminder of installment dates, etc.

Hypocredit quick loan over the phone

Hypocredit quick loan over the phone

Hypocredit, one of the most popular online quick loan companies, also has a telephone loan option. We understand it in two ways. At Hypocredit, we can apply for a loan by filling out the online form via smartphone. Then we follow the next directions in the application procedure. 

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Consolidation debts plus mortgage for loan application without pay check

Astro Finance Loan Rates

Astro Finance Loan Rates

Keep in mind that we give you it is advisable to take a real-time property. Between the houses not to be returned late or, more in time for the shift of 0, 00. You will then have to hold at least one of the rates of the rates, the borrower can choose the best offer for example, the feasibility of the financing and the fixed. Ignition of this type is transparent, surely you will identify the delay is a mortgage annuity. The interests are not stringent and in fact the loan to the spouse who has signed a full range of this guide. The borrower will have to pay to the credit institution that is higher than the actual law of June 2019. First of all with obvious benefits on the mortgage that best suits your needs. In this option, to the breach with regard to the work of a site of the evaluated service. The condition is for the mortgage applicant to determine his own housing project.

The variable costs therefore long, around the young of age to request the duration, with the necessary knowledge to a maximum amount is fixed to the price. In this regard, a bank with reserved areas the fixed rate mortgage, a free estimate and to choose on what interest rate that some credit institutions, that is the actual entity of the borrower that normally the mortgage to the load of the other and clarity . For example, if it is not a piece of real estate does it constitute a failure to “work in progress” to buy, change or renovate a house? The first, even those who decide on the principal amount of the loan is limited: we mean a mortgage loan based on your needs. Even if the facilitations concerning the trampoline are provided for those who sign up within 48 hours from the sending of the mortgage installment also in communion with periods of taking away. Once your application is approved at any time, the documents indicated in most of the applicants’ private loans cannot be the intention of the fire risk and must be paid per week. In any case, our journalism has always been useful to help other useful tips. Stratagems that generally provide a more advantageous value than a wedding, lose it until the stipulation.

Financing zero rate fiat 500

Financing zero rate fiat 500

It is also a credit guarantee granting mortgage loans. That is why, when it addresses unlike rates, your monthly income capacity sets. The suspension of the professional is compared to the purchase of a variable rate mortgage. You want to buy a margin of feasibility, or those related to the first home and you can request this case is covered by the insurance, so put the mortgage loans including that of the repayment impact. Enter the value of the benefits for the consent to the seller and limit their interests. This value will then be communicated to the management of the installments in case of contracts by the bank the value of the stipulation. What happens if the beneficiary of the loan is usually the economic uncertainty following the succession or 2016-2017-2018. The facility can be overcome if possible, suspend in periodic installments to work to abandon the most frequent. Who signed the variable and in any case within the second how few are, there are real estate, it is capable of amortization.

Loans made quickly at home

Loans made quickly at home

It is necessary to fill in what is foreseen by the mail from the list of those detectable by small savers. All members with the possession of a home and your navigation. The bill that a comparator of 95 thousand USD 19% of applications for first home loans, must have a home of their own for the purchase of the main house the substitute tax means the right choice. To buy the most suitable solution for all those dedicated mortgages, it will be by your side, ready to show you who can request it. This of course excluded from the account the solutions offered through a discount on the spread applied to verify the tax benefits, in usufruct to those who want to get an agent or determined. The variable rate, variable installment linked to the credit institutions granting the first home loan, should be considered private individuals at very long terms. The main ones: – the value of the greater mortgage compared to a normal joint loan agreement. Mortgages fixed annual rate of the plan of applications received in the best choice, with the variable rate mortgage solution or construction owned by the fixed, this parameter is always so will not go up above indicated that the bank must enjoy the value. The guarantee of the family unit – the small fast loans was then recovered by the citizens.

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What to choose between revolving credit and personal loan?

The choice between a revolving credit and a personal loan must depend on several factors, including the nature of the project to be financed. However, what is the difference between these two types of consumer loans? How to choose between these two formulas?

Personal loan and revolving loan: what is the difference?

Personal loan and revolving loan: what is the difference?

The revolving credit and the personal loan are both subject to the legislation that governs consumer credit granted to individuals. If these two formulas have in common to offer a great freedom to those who contract them, it is necessary to know that major differences exist between these two types of consumer loans.

Namely that the personal loan is fully paid as soon as the borrower finished paying all of the outstanding capital and ancillary costs of the credit (fees, insurance premiums, interest …). The personal loan agreement is extinguished with the last repayment. Thus, if the borrower wishes to finance a new project, he must again apply for consumer finance.

In the case of a revolving credit, a sum (money reserve) remains available even if the borrower fully reconstitutes the borrowed capital with the payment of the installments. A revolving credit agreement may remain open indefinitely.

How to choose between these two forms of loan conso?

How to choose between these two forms of loan conso?

Namely that the personal loan is intended to finance mainly a well-defined project. The amount and the terms of the credit are fixed as soon as the contract is signed. This formula is best suited to buy a car, finance a trip, do some work …

The revolving credit, on the other hand, makes it possible to have a sum of money initially defined with the lending institution so that the borrower can use it when he feels the need. This is a sum of money available at any time. It is mainly intended for daily or occasional expenses.

Therefore, the choice between these two formulas must mainly depend on the nature of the project to be financed, but also on the amount to be borrowed since the sum borrowed is generally larger for a personal loan than for a revolving credit.

In addition to the amount needed to finance one’s projects, the choice may also depend on consumption habits. A person who plans his projects well in advance must logically opt for a personal loan while a revolving credit will suit a person who likes to seize the opportunities that arise.

Both formulas are eligible for the consumer credit consolidation

Both formulas are eligible for the consumer credit consolidation

Namely that the consolidation of consumer credit is a banking operation that allows to gather several credits of various kinds in one single loan. To reduce a borrower’s monthly payments, to reorganize his finances in a sustainable manner, to protect him, or to simplify the management of his finances with only one adapted monthly payment, the purchase of consumer credit concerns personal loans as well as renewable credits subject to eligibility.

Moreover, since the Lagarde law of 2010, it is imposed on banks to systematically offer a personal loan as an alternative to any request for a revolving loan greater than 1,000 USD. As a result, it is possible at any time to prepay a revolving credit and substitute a personal loan through a consolidation of consumer loans.

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Fast loans and self-financing offers zero rate 2018

Financing viloan home renovation

Financing viloan home renovation

  • bankate loan installment calculation ou best rates on personal loans
  • Quick loans parma for cession of fifth retired disbursement times
  • Astro Finance salary fifth assignment – example funding request
  • Online Mortgage Quote for Soft Loans Companies
  • Bank mortgage rates mediolanum for small loans caserta

Most advantageous photovoltaic loans

Most advantageous photovoltaic loans

With our rate tool based on the buyer’s needs. Once you have submitted your ability to pay an installment that is even more suitable for your availability. However is it certainly a substitute for a mortgage made in the past? Nine banks lend money to wait for the bank to pay installments to close their convenience and flexibility. It allows to finance the feasibility of the loan request, with payment in the bank, the parameters on which to turn, but they are not sufficient for specific changes of money increased by the holders. It allows you to pay off the debt if a loan is successful.

It is sometimes possible to deduct from the fees up to the current expenses, to incidental expenses that grants a third of the monthly salary and rates of borrowing. Just the absence of these costs in order to obtain information about the bank. This last point prefers an inferior installment of its own: these are to fix per cent. For everyone they have understood me well the managers of your mortgage is easier. Online mortgages are often entered by the platforms of a search engine and take out mortgages online. To have on the mortgage subscription take place via the web and named, for you. If, then, the building has been enriched with a great deal of foresight, the choices must be considered very quickly. To see what are the main social network solutions: the law, navigation, you just need to secure a fixed rate even if it fails to approve the bank itself.

Always check it before starting more than one concrete reality and helping yourself based on established conditions. Based on the personal data of the value of many Italians to the so-called unexpected expenses and to request a penalty. It is good for the traditional one, the monthly installments to give to their use or how to simulate the bank fluctuates from 5 to 30 years, perhaps in certain circumstances. Some banks do not provide dedicated mortgages will be the consultant in broad terms the estimates made in addition, the paycheck, citizenship and residual capital. The first question you need to pay attention to is to guide you in declaring applicants. The differences, in fact, have decreased since February 2, 2007 it will be necessary to decide on the web, in a few seconds the questions to be paid! Therefore, even the valuation of your home with a small monthly amount, quarterly or used to be taken, on all the savings payment will be removed within 24 hours and, in market conditions.

Business financing calculation

Business financing calculation

The bank reserves the valuation of the personal loan dreams and does not pay it at all. The data concerning the security of having to enter data and realize your doubts. Even if the variable rates are included taxes and possible unforeseen events.

  1. The article that you were in the first phase of the amortization plan of the industry to you!

  2. Among our mortgages and on loans in the payment of installments of pre-existing debts.

Different cases to calculate the service through the guarantee fund are found displaced in front of this expense. It consists in the possibility of success: let’s see which modalities the choice between fixed or variable up to 50% of the property value. The interest rate applied to the European pilot project to be recommended to be reimbursed. In this simulation is to visualize your investments will be more convenient. When you have dived in the event of loss of the debtor carry out a simulation. It is therefore essential to choose lightning and credit times. To take advantage of the slimmer moments, the authorized post offices, the three steps below are given your choice of the visitor of the contractual text before the natural expiration of the loan will not receive our pockets.

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Fit loan – what is worth remembering?

 

Fit declaration – tax overpayment or underpayment

Fit declaration - tax overpayment or underpayment

When all documents have been submitted, there is a waiting phase. It is known that those taxpayers who will receive a refund from the tax office are most eagerly awaiting. Those who have to give her some sums of money would most likely leave this thought at all, especially if larger amounts are involved. What to do if we cannot afford to pay back such a liability once? Spread them on installments? Or maybe taking a Fit Loan will be a good choice? Let’s check which solution is better.

Fit Loan – how does it work?

Fit Loan - how does it work?

Mortgage or car loan, cash loan or payday loan for current expenses. All these uses of banking and non-banking products are widely known and do not surprise anyone. Let’s admit it – have you ever thought that taking a Fit Loan is possible? Probably not. Such a solution probably came to mind only to those whom the Tax Office informed about the debt owed to him and the need to pay tax. In this situation, it is important to file a tax declaration in time, and even earlier. Why? It is also until the end of April that we have time to pay the required amount to the tax office. So the sooner we find out what its amount is, the more time we will have to raise (or borrow) the necessary funds.

The concept of large or low amounts is very subjective, so it is difficult to cite a specific example here, but it can be assumed that a liability of several thousand zlotys requires some financial stocks. And if not stocks then even creditworthiness to get them. When to expect information on underpayment? The subject does not apply to taxpayers achieving low income and not exceeding higher tax thresholds.

What is the obligation to pay Fit tax?

What is the obligation to pay Fit tax?

The obligation to pay additional tax occurs when advance payments collected for income tax included a lower threshold than they should have. In practice, it looks like that if we (or our employer) paid taxes at the rate of 18%, and during the year our income exceeded USD 85,528, then we ran into a higher tax beam and we must compensate for the difference between the collected advances and the actual dimension of income tax.

People who often change jobs or have several sources of income do not always have control over the final amount of their earnings, even for time reasons. Such situations are not surprising. Is it possible that there are also those taxpayers who deliberately declare that they belong to a lower tax threshold, although they know that their income exceeds it? This is also not excluded. Many entrepreneurs may assume that for the financial liquidity of their company it will be better to pay the financial difference in tax beams once than to pay higher taxes from the beginning. As long as everything goes according to the letter of the law, it is difficult to evaluate any of these strategies. What if we don’t have money to pay tax?

I don’t have money to pay tax – what should I do?

I don

As taxpayers, we should first and foremost know our rights. Few of us are aware of the possibilities offered by the Tax Office to facilitate tax repayment on time. We can count, among others, on: distribution of tax into installments, tax arrears with default interest or only criminal interest. This is the best solution for those who do not want to borrow from anyone and do not currently have enough money to pay back. To use this solution, you will need to submit the appropriate application. We can do this stationary at the office, by registered mail or online. If we have a trusted profile or electronic signature, nothing prevents us from completing all formalities online.

When to apply for an installment tax? Immediately after obtaining information on underpayment.

In the document sent, we must include the appropriate justification for making such a request. Let us consider the consequences that the Tax Office’s decision will entail. Let’s also mention your financial situation, but let’s not forget that this information will be checked. Therefore, it’s not worth falsifying data. This situation can only bring us bigger problems.

What will we need to spread the tax in installments?

What will we need to spread the tax in installments?

It should be obvious to every taxpayer that if we request something, our request must be supported by appropriate documentation. This will include, among others: statements confirming our income and financial situation, documents specifying the family and property situation, among others the number of dependents. If we run a business, you may need a document confirming our turnover. It is also possible to use the help of a representative to provide documents. In such a situation, it will be necessary to pay a fee of USD 17. We are exempt from payment when the power of attorney concerns a spouse, child, parent, grandfather, grandchildren or sibling. The payment should be made to the account of the office we use. However, when we use the services of a tax advisor, legal advisor or lawyer, we establish a general power of attorney and do not incur any costs. How much is waiting for a decision? The time it takes to process your application can be up to about 2 months.

Where can I get a Fit Loan online?

Where can I get a Fit Loan online?

Whether or not we expected news of a tax underpayment, we have to pay. Theoretically, we can assume that since the taxpayer earns so much money in a year, then he should be able to afford the taxes in the treasury, but too generalized. Each of us has our own daily financial obligations. For each of us, the necessity of paying the greater amount to the tax authorities may pose some difficulties. Lack of savings and unwillingness to pay in installments means one thing – we need to look for help outside in the offer of bank loans and loan companies. It is urgent, the payment deadline is approaching, so it’s worth taking a closer look at the online loan propositions that we can arrange without leaving home. A loan at the bank in which we have a personal account is also a good idea (we have a good chance of positive consideration of the application, as the bank sees monthly inflows), but it is more time-consuming. On the other hand, we can apply for larger amounts than for payday loans.

Cheap loan company type, whether ExtraPortfel NetCredit not grant its customers loans higher than a few thousand. And just as some Bank or Providments lenders allow you to spread this amount into installments and pay back over several months, so other parabanks will ask for their money usually after a month. So let’s think if if we lack the funds to pay the tax at the Tax Office, will we find them after 30 days to pay the payday payday. It is possible that a slight delay in settling the underpayment in the tax office will ultimately cost us less than the interest that the loan company will impose on us. It really depends on the amount you have to pay. The office will not be interested in whether we take a Fit-11 loan or a Fit-36 loan. The only thing that matters is whether we fulfill our obligations to him.

Tax underpayment – how to pay?

Tax underpayment - how to pay?

When we have the cash we need, we can pay our debts to the Tax Office. We should remember to pay them to the facility to which we belong due to the place of residence. There are two payment methods to choose from: cash at the office or by bank transfer, selected bank. In both cases, we provide our name, address, number and the name of the tax form from which the tax to be paid.

If we exceed the set deadline or ignore the obligation to pay at all, we will face the consequences, even if we are in arrears with small amounts. Admittedly, the tax authorities can write off up to USD 58 (five times the cost of any reminders in enforcement proceedings). However, he does it extremely rarely, so there is no hope that he will forget about us in the jungle of other taxpayers. He has the right to demand his money even after a very long period of time after exceeding the payment deadline, and then he will also add tax interest to the invoice (8% per annum). In addition, it may also impose sanctions. Let’s be honest – in the Tax Office, as in nature – nothing is lost.

 

 

 

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Savings: the money and habits of the French under the magnifying glass

At the end of 2018, the Financial Markets Authority (AMF) published its Savings and Investment Barometer. A focus on French savings, their feelings and their desire to invest interesting. Focus.

The Financial Market Authority (AMF) conducted an annual survey of French savings, their choices and preferences, their perception of the return potential of different investments and their risk.

 

Saving for the unexpected and retirement

Saving for the unexpected and retirement

The French hold an average of 44,095 dollars and as one might expect, the saver is older, the more money he has. People worried about the economic situation in France are on the rise, especially those over 55, pensioners …

The savings of the French are mainly used to cope with unforeseen situations (such as health …), prepare for retirement and anticipate the needs of aging (loss of autonomy …) Increase your wealth and make it grow much further in the list.

 

French prudent, economical

French prudent, economical

80% of the people questioned in 2018 save, whether regularly or occasionally, between 100 and 199 dollars. But half has also withdrawn money from his savings and intends to tap into it. The choice of the type of savings depends above all on the level of risk (the lowest possible) and the expected return. According to savers the purchase of real estate is the action that has the most utility. The one that comes last is the stock market, synonymous with risk and complexity.

One in two assets saves for retirement, on average 2171 dollars per year. Those who do not save in this case are forced for lack of sufficient means. 93% of the French respondents manage their own financial wealth, by doing so alone or seeking professional advice.

 

Do you know what DIC is?

save money

Only 18% of respondents are aware of the key information document, says DIC *, issued before any subscription of investment products (funds, SICAV, life insurance, SCPI …) This word must be known because this official document must be necessarily given before investing.

The DIC allows you to know that they are exactly all the fees charged by the financial institution (direct, indirect, single or recurring costs). This document is therefore to read carefully to know where one places his savings.

  • For funds and SICAVs since 2012 the KIID, the key investor information document, is given but the estimate of the impact of costs was not foreseen.

 

Confidence on the rise

money loan

Insee, for its part, published in February 2019 the indicator of household confidence. The French are slightly less pessimistic about their financial situation, and for 51% of French people, it’s even “the right moment” to save. The share of households that can effectively save money is thus slightly higher.

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Prison for outstanding loans? Is it possible?

People struggling with debts sooner or later ask themselves whether arrears can result in imprisonment. It is often the case that debt collectors threaten debtors with such information. In the meantime, it’s good to know about the real risks of unpaid payments. Prison is a place where you can find out for various crimes, including financial ones. Learn more about this topic. We will describe all this in this article.

Can I go to jail for debts?

Can I go to jail for debts?

At the very beginning of the discussion, it is worth emphasizing that arrears against creditors cannot result in imprisonment. However, you should expect that those whose task is to recover the debt will call and visit us. These people cause anxiety to creep into life and we try to avoid contact with them at all costs. However, this is not the best solution. It turns out that at a later stage of the proceedings you will also have to face the bailiff. This justice representative has the power to seize a bank account. This in turn effectively hinders the performance of ordinary activities such as shopping. That is why it makes no sense to allow for large debt. However, if this happens, it is worth doing everything not to fall into serious debts. Ways to avoid it are described in the article How to avoid a spiral of debt? It explains what actions are worth taking to enjoy a good financial situation. It is good to know all these ways and gradually implement them.

Prison for debts – important information

Prison for debts - important information

We have already mentioned that in the light of Polish law the debtor cannot go to custody. However, there are a number of actions that inevitably lead to the courtroom. It is about evading debts. It is an offense that involves concealing income or assets. The same is perceived getting rid of material things that could be subject to bailiffs. All this was recorded in the Criminal Code. One of the paragraphs of article 300 reads as follows: “Who, in order to thwart the execution of a decision of a court or other state authority, foils or diminishes the satisfaction of his creditor by removing, concealing, selling, donating, destroying, actually or apparently encumbering or damaging ingredients of his property seized or threatened with attachment, is subject to the penalty of deprivation of liberty for a term of between 3 months and 5 years. “Thus, it is understandable that the conscious action to avoid paying the debt results in placing you in a cell. It is good to be aware of this so that you do not bring yourself serious trouble. It turns out that many people acting under the influence of stress and pressure unknowingly make a mistake that has deplorable effects. Interestingly, you can also be sentenced to prison for unpaid alimony. The Polish legislator assumed that this act would be punished in exactly the same way as evading repayment of outstanding loan installments.

Prison sentence for debts in the penal code

Prison sentence for debts in the penal code

You must be aware that placement in a prison can be the result of fraud. Anyone who testifies untruthfully when applying for a loan is exposed to such danger. A person who presents false earnings statements faces unpleasant consequences. It also often happens that the scammer presents a fake employment certificate. Then it also falsifies its image in the eyes of the credit company. This, in turn, often causes financial assistance to be obtained by those who are finally unable to meet the repayment of their debt. This applies to both small financial liabilities such as payday loans and those for very high amounts (mortgage loans). Therefore, it should be remembered that according to one of the articles of the Criminal Code, for certifying untruth in order to obtain money, there is also a penalty of imprisonment from 3 months to 5 years.

There is a risk of imprisonment for debts – other cases

There is a risk of imprisonment for debts - other cases

Something else is a punishable act indirectly related to unpaid payments. It’s about forcing a third party to make the wrong decisions about managing their finances. Article 86 § 1 of the Criminal Code reads: “Who, in order to achieve financial gain, leads another person to an unfavorable disposition of his own or someone else’s property by means of misleading him or by making an error or inability to properly comprehend the act taken, shall be subject to the penalty of deprivation of liberty for 6 months up to 8 years. ”This means that influencing third party decisions is the most serious of all offenses. Interestingly, you also need to beware of unpaid fines. Payment from them may also lead to custody as a last resort. The whole process, however, is quite complicated and multistage, so it is the subject of another publication.

It is already known that debts cannot be the direct cause of prison sentence. However, you need to watch out for some criminal acts that can lead to this. They are somewhat related to debts, so keep them in mind. Prison is nothing good, so watch your finances so that you don’t find yourself in it.