Apply For Loans Online With Bad Credit -Nikon-Is-Different.Com Wed, 17 Jul 2019 13:09:19 +0000 en-US hourly 1 Early loan repayment Wed, 17 Jul 2019 13:09:19 +0000


The acceptance of an offer of mortgage loan assumes the commitment to repay the borrowed capital, as well as interest and ancillary costs throughout the duration of the credit, according to pre-defined deadlines. However, it is possible to make an early repayment of outstanding capital, in whole or in part, in order to reduce the cost of the mortgage. What does this imply for the borrower and what are the terms of an early repayment? Point. see for more notes

Early repayment of mortgage loan in a brief

Any borrower is free to make an early repayment of his mortgage, ie to repay the outstanding capital, in whole or in part, before the end date of loan initially planned.

Most banks, however, charge early redemption fees.

These fees are not mandatory and it is therefore up to each bank to choose whether to apply them or not. As such, it is usually possible to negotiate with his bank when subscribing to the loan offer.

In all cases, these prepayment charges of real estate credit must clearly and explicitly appear on the loan agreement. Regulated, it can not also exceed 3% of the outstanding capital or, depending on the case, six months of interest of the sums remaining to be repaid at the rate fixed for the credit.

On the other hand, it should be noted that certain mortgage loan agreements may provide for a prohibition of early repayment, for example when the partial repayment is less than or equal to 10% of the borrowed capital.

Example of early repayment of a home loan

home loan

For a property loan of € 150,000 subscribed in 2013 at a rate of 3%, with the capital remaining to be repaid of € 107,855.
If the prepayment is total, the reimbursement allowances will amount to € 1,617.82, which is the smallest amount of the two existing methods of calculation:
107 855 x 6 x 3/100 / 12 = 1617.82 €
107 855 x 3/100 = 3235.65 €
If the prepayment is partial, up to € 40,000, the fees will be € 600, the smallest of the two amounts from the following calculations:
107 855 x 3/100 = 3,235.65 €
40,000 x 6 x 3/100 / 12 = 600 €

What there is to know

In the case of adjustable-rate mortgages, the average rate applied since the beginning of the repayment of the credit is usually used to determine the prepayment charges.

On the other hand, it is important to know that the early repayment date affects the calculation of any additional interest payable.

It is therefore recommended to make an early repayment, whether total or partial, on the day of payment of the due date, in order to avoid paying any additional interest. In the opposite case, so-called interim interest will be added, ie interest calculated over the period between the early repayment and the maturity initially stipulated in the contract.

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What is a consumer debt? Wed, 26 Jun 2019 18:34:24 +0000

Most people understand the concept of debt, but some do not understand exactly what kind of debt they have. If you do not understand the difference between your debts, this article is for you. Understanding the difference between certain types of debt is a necessity to manage your finances successfully. With this knowledge, you will be able to repay your debts more efficiently and use your credit strategically.

What is a consumer debt?

Primarily, a consumer debt is money owed to a lender or creditor as a result of the purchase of an item, such as clothing and electronics, which is consumable and loses value over time. Unlike a company that uses its debt to finance an investment, the consumer’s debt is used to purchase a good, as for a car. Trailing a lot of consumer debt is not beneficial and can affect your income and reduce your ability to make your regular payments. The worst case scenario is that if your consumer debt is made too heavy, and you are unable to handle it properly, it will lead you directly to bankruptcy. On a better note, a consumer debt is not necessarily a bad thing. For example, you could support this one after buying a car loan that will allow you to travel to a higher paying job.

Secured debts and unsecured debts

 Secured debts and unsecured debts

The first distinction to make is the difference between a secured debt and an unsecured debt. A secured debt takes its guarantee of repayment in the form of seizure. This is not the case of unsecured debt. Your mortgage or car loan are secured debts; if you do not pay back your lender, he is legally entitled to seize anything that has been used as collateral. In most cases, it would be your car or your house, to cover the debt. A secured debt always involves exchanging something of value that you could lose if you do not make your regular payments.

Unsecured debts do not involve seizure. In this case, your property can not be entered. However, lenders can penalize and threaten you, or even take legal action against you. The only case where your house could be foreclosed is if the lender pursues you successfully. A credit card debt is generally unsecured and that is why credit card companies work with collection agencies.

In general, a credit card is an unsecured type credit, but some credit card companies offer secured credit cards. For example, if you make a deposit of $ 500, you will have a credit limit of $ 500. If you do not make your payments, this $ 500, which acts as collateral, can be seized to cover your debt.

Revolving debt and installment debt

 Revolving debt and installment debt

There is also a difference in the way you make your payments each month. In the case of an installment loan debt, you must repay a fixed amount each month. That’s the way your auto loan and your mortgage work, for example. The advantage here is that you know how much to pay back monthly. A revolving debt is a debt that does not require a fixed monthly repayment. So, since you do not spend the same amount every month on your credit card, a credit card debt is considered a revolving debt.

Know where your debts come from

 Know where your debts come from

It is important to know the source of your debts. It means how you got to those debts and what lender or creditor holds them. While there are countless ways to approach your debts, we recommend you repay the debt with the highest interest rate first and so on.

You will know where to start by going back to the source of your debts. Some debts have higher interest rates than others. Major credit card companies and banks will generally have lower interest rates than retail credit cards.

Debts that you can or can not consolidate

 Debts that you can or can not consolidate

The majority of your unsecured debt can be included in most types of debt consolidation. There are other specific forms of consolidation such as student loans, where the student loan installment is consolidated with a special consolidation loan. Even though payday loans and fast cash advances are considered unsecured revolving debts, sometimes these contracts come with clauses that prevent you from consolidating them.

you are not alone

 you are not alone

Earlier this year, the Globe and Mail reported that Canadians ended 2015 with a record high debt. While low interest rates persist, the real estate market saw the year 2015 with the most household debt ever listed since 2011. The debt-income ratio of Canadian households bristled in the second half of the year. In 2015 and at the end of the year, households had more than $ 1.65 in debt for every dollar of income. While debt is a serious problem in Canada, it is still possible to get back to zero with your debts by developing a repayment plan.

Next step

 Next step

If you currently have consumer debt problems and are looking for light at the end of the tunnel, you have options. We can find you the best solution for your situation in order to better manage your debts and help you in the process of paying off your consumer debt.

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There was a change in how to get a loan Sun, 23 Jun 2019 18:00:46 +0000

As we discussed in previous articles, online small business loans have changed a lot. As the banking and fintech areas have adopted to work online, the process for obtaining a loan has also adopted this mode. Your business no longer has to wait months to find out if it qualifies for funding; When you are wondering what the terms of the loan are, you can forget the bad credit scores that were ruining your chances of getting financing. The industry has evolved so quickly that it’s easy to lose track of it. So let us refresh your memory.

Faster process

If you have already applied for a loan at the bank, you are probably familiar with the mountain of documents that needed to be completed. All these documents ended up on someone’s desk, and you can imagine then the situation was slow. But FinTechs, like Evolocity for example, has made changes to transform and improve things.

Simplified requests

This seemingly infinite amount of paperwork has been replaced by automated and simplified software to increase efficiency. Online applications facilitate the operation by making the application for a loan considerably less time consuming. In fact, the application to Evolocity can usually be done in less than 10 minutes. Not only is it fast, it’s also easier to access. You can complete the request from your smartphone on the train back from work if that’s what you need. All you need to complete your application is the following information:

  • The start date of the business and general information about it (such as legal name and business address)
  • If you rent a room, the end date of the lease
  • The login information of your online commercial banking account or the most recent bank financial statements in PDF format (last three months)
  • Information about the owner (s) (such as name, home address and date of birth)

Another element that helps Evolocity keep demand as short as possible is a technological partnership with Decision Logic, using their Instant Account Verification. This allows :

  • Accelerate. It is not necessary to call the bank or wait for the borrower to find and provide the financial statements
  • Reduce abandonment A faster process means there are fewer frustrated people who drop their claim
  • To reduce the risk. A more complete picture of the borrower allows for greater trust and a higher approval rate

Custom technology platforms

Since applications are now often made online, all data is instantly captured in our custom technology platforms. This approach not only reduces the use of paper, but generally reduces all paperwork. Requests are ready for review immediately, decisions can be made more quickly and requests are already in the correct format. Even if it’s only a step in the process, the company uses similar methods for all of its work.

Our other technology partners include Salesforce and Equifax.

  • Salesforce is our CRM platform (customer relationship management). It speeds things up by serving as a central storage space for the information the team is using and collaborating with. Because everything moves faster in the background, you can also receive the funds you need faster.
  • Equifax helps us by transferring data, such as legal and credit information, securely and quickly.

Simpler qualification criterion

The process used to determine if your company is eligible for funding has also evolved. Traditionally, a few key factors determined the outcome of your application, especially your credit rating and liquidity. In the FinTech era, they are just some of the many criteria used. Although we explain in more detail in our Guide for Small Business to get a loan.

No personal guarantee is required

No personal guarantee is required

A personal guarantee is anything that you personally own, that is, that does not belong to the company. This can be goods such as your house, your car, etc. According to Investopedia “Since personal property provides some security for the lender in the event that the borrower does not repay the loan, loans that are secured by personal property usually have lower interest rates than unsecured loans” Evolocity Small Business Loans are not guaranteed, which means you do not take any personal property. It may be that the loan costs slightly more than a traditional loan to the bank, but you are not likely to lose your personal belongings.

Presence online and on social media

Presence online and on social media

As a small business owner, you probably know the importance of your online presence. Not only does it help bring customers, but a trusted online presence can also improve your chances of qualifying your business for a loan. Being active online shows lenders the possibilities of your business. The comments indicate the quality of the service and underline the implication of your customers. This may seem surprising to you, but it is an increasingly popular practice among alternative lenders to take this into account. Make sure you get the most out of your site with our guide.

Benefit of change

Benefit of change

Thanks to the Internet and the evolution of technology, the pace of business has changed. It is moving faster than ever, and it was only a matter of time before popular financial services, such as getting a commercial loan, became available with a single click of the mouse. The loan application process has become increasingly simple over the years and more and more small business owners are finding it easier and faster to obtain financing online. It is important to note that online loans to small businesses are somewhat different from traditional bank loans. So we made a list of the main differences between the two types of loans to help you find what is best for your business.


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Repayment of revolving credit: how is it going? Sat, 18 May 2019 13:06:55 +0000

Like all consumer loans, the revolving credit can be a candidate for redemption. Also called revolving credit, it is contracted by many French every year and is presented as a flexible and efficient cash solution. This “small” credit allows the borrower to have a sum as he sees fit, according to his needs of the moment. To reset your budget or consolidate all your debts, you can buy back a revolving loan.

Benefits and constraints of revolving credit


If you read these lines, it’s probably because you’ve been seduced by the “wind of freedom” spirit of revolving credit. The principle of this consumer credit is simple : you have an amount that you can use without justifying your expenses.

It differs from auto credit, real estate or work. As its name indicates, this credit is renewable according to the repayments and according to the needs of the borrower. It is therefore a form of permanent credit that is renewed every year if it is not repaid and stopped by the borrower.

It is commonly used for Ramsay familyr small projects of life or increase the purchasing power of homes that contract it. Revolving credit is often associated with a specific credit card or acquisition card and can be purchased at select department stores and financial institutions.
The interest paid concerns only the sum used and not the total sum borrowed.
This short-term loan also has a significant constraint: its interest rate is very high, with an average of 20%.

Rate too high? Opting for revolving credit redemption

The rate of renewable credits is rather greedy. The risk of over-indebtedness is always present, regardless of the credit contracted.
Credit redemption may be an option to consider , to consolidate a revolving credit and other credits or simply to get a more attractive rate loan.
The revolving credit may be part of a combination of different debts or be purchased individually.
If you are unable to repay your revolving credit, the repurchase of credit will put you in debt for longer but will bear the repayment. A new loan will be put in place to allow you to reduce your monthly payments.

Why compare before moving to debt consolidation?

 Why compare before moving to debt consolidation?

Repurchase credit buy offers continue to flourish on the market. Faced with so many organizations and different proposals, difficult to make the right choice.
To find the right offer and not be fooled by some hidden banking fees, you have to take your time.
But time is running fast! In just a few clicks, let an online comparator do the work for you. It adapts to your situation and offers you in real time the best offers, for you and your wallet.

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Make a Personal Payday Loan Simulation at the Best Rate Wed, 01 May 2019 11:18:45 +0000

Need a boost for one or more projects? What if you turn to personal payday loan? Advantageous, this type of consumer credit allows individuals to finance their best wishes, sometimes at a reduced rate. We help you to see more clearly and offer solutions to make a personal payday loan simulation better rate.

You have just moved into your new apartment, you have to do some work but are dry financially? You want a nice trip but not the means to pay? Are you waiting for a happy event and need money to furnish your child’s room? You want to change your old car but can not pay it in cash? Many everyday situations can lead us to subscribe to a personal payday loan.

In France and in many countries of the world, this type of loan is popular. Not allocated to a particular purchase, the personal payday loan allows the subscriber to use the money lent by the financial institution as it sees fit. Thus, no need to justify its purchases as it may be the case with some types of consumer credit. The borrower will then be able to deal with any type of expenditure concerning both consumer goods and services such as expenses resulting from family events, medical expenses, study fees, taxes, renovation costs or even more. trips. Attention, the personal payday loan never finances the purchase of real estate.

Consumer credits are reserved for individuals and subscribed for a period ranging from a few months to a few years, 7 at the most. At the time of signing the personal payday loan, the interest rate, the amount of the monthly payments and the total cost of the loan are known and are fixed. These depend largely on the amount borrowed and the repayment period chosen by the borrower. The faster the subscriber will reimburse, the lower the cost of the loan.


What are the advantages of the personal payday loan?

What are the advantages of the personal payday loan?

The big advantage of the personal payday loan is that it offers fixed conditions for the duration of the credit agreement. Thus, no need to ask questions, the amount and duration of your repayments are known in advance.


personal payday loan: the law protects the consumer

personal payday loan: the law protects the consumer

Since May 1, 2011, contracts related to consumer loans or personal payday loans must be more readable for the subscriber. Thus, many information must necessarily appear on the contract. Among these, the type of credit, the total amount of credit and the conditions for making the funds available, the duration of the credit agreement, the amount, the number and the periodicity of the installments that the borrower will have to pay, the rate debtor and the conditions applicable to this rate, the annual percentage rate of charge and the total amount due by the borrower (calculated at the time of the conclusion of the credit agreement) as well as all costs related to the performance of the contract credit.


Where to make a simulation for your personal payday loan?

personal payday loan

Whatever your project, we can not advise you too much to opt for the simulation to find the best rate for your personal payday loan. On the web, many organizations now offer this opportunity that is ideal when you do not want to move. In addition to avoiding travel, online simulators are super fast and compare hundreds of personal payday loan simulation best rate proposal. In just a few clicks, consumers will discover the lowest rates for their personal payday loan.

Most sites ask the individual the type of project: personal payday loan, ready to perform work or redo a deco, credit to buy a new car, a motorcycle etc. Some will also ask for more specific information on the type of project: does it concern the purchase of furniture, appliances, computers, vacations, personal project or a need for one-time cash flow? The boxes indicating the desired amount and the duration of the credit must also be completed.

Quickly, you can get an estimate of what you could benefit from. Obviously, this does not serve as a loan and it will be essential that you make an appointment at a financial institution if an offer suits you in order to finalize your project and obtain the much desired personal payday loan.

Be aware that after the signature of the latter, you have a 14-day cooling-off period during which you can cancel the procedure by sending an acknowledgment letter to the establishment with which you have signed the credit agreement. Attention, once this withdrawal period has passed, you will have to honor your contract and refund the monthly payments.

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Bitcoins – How do I get started? Fri, 19 Apr 2019 16:20:40 +0000 Hardly anyone who deals with capital investments is currently passing by the topic of bitcoins or cryptocurrencies. 

Bitcoins - How do I get started?

Everywhere people suddenly talk about it. The once-moneyed Internet currency for technology freaks is starting to become a serious issue for investors. Or not?

We’ll clarify and tell you if and how you’re getting in. You can then better assess the decision to invest. Or at least after reading our article with expertise at your next regulars table shine.

We at Lady Augusta would like to help our readers with their advice on how to get started in the world of capital investments and contribute to financial independence and education with educational information. Just like other portals like . Of course, in times of low interest rates, this not only includes the classic options such as entry into the stock market, but also alternative forms of investment for advanced beginners.

And it would be very surprising if you have not heard a bit about bitcoins lately, if you are even a little involved in financial issues.


What are bitcoins and where is the revolution?

Bitcoins belong to so-called cryptocurrencies and are basically something like money. The very important difference is that this currency is not managed centrally by a government or central bank. It is completely independent and decentralized. The influence of the money supply of Bitcoins, or other crypto currencies such as Litecoin, Ethereum or Ripple is thus not influenced by an institution.

Citizens are protected from negative interest, expropriation and other political or economic goals. What also gets an enormously ethical meaning in the post-financial crisis period. Now that banks are facing an enormous crisis of confidence, citizens with cryptocurrencies now have a real alternative. When you establish yourself.

The architecture of Bitcoins is simply a technological revolution. The database behind it, the so-called blockchain, is not seen by a few experts as the technology that could change the Internet forever.


How do I buy Bitcoins now?

If you want to buy bitcoins now, it’s like investing in stocks . Quite simply, you can simply buy bitcoins. This is the first option that works through a so-called wallet that stores the digital currency. Numerous marketplace providers have positioned themselves on the Internet and offer the direct purchase. As with stocks, Bitcoins also have the ability to invest indirectly. The investor may use CFD trades for this purpose. Here he puts an amount on the development of the course. Alternatively, certificates or investment funds are also available.

Before you decide to purchase Bitcoins, whether directly or indirectly, be sure to follow our instructions at the end of the article.


Bitcoin course incredible

The price of the cryptocurrency Bitcoin has increased since the start by an incredible 5000%. That’s probably not happened within just 4 years. The term “high-altitude flight” is probably pure understatement. The course has been particularly steep since the beginning of January. At least since this development is really everywhere to read bitcoins. Logically, that there with every investor first the banknotes are flashing.

If you are annoyed at reading that you have not already invested, we can calm you down a bit. The steep course was also associated with such a few fluctuations and must first be considered sober. In view of the explosive development, some observers and experts warn of a dangerous blistering.


Fund manager still reluctant

Typically, fund managers of large asset managers invest in just about everything when it fits in half the investment strategy. The performance, ie the constant value enhancement and thus the adherence to the expectations of the investors, has the highest priority. Also, the managers are measured by their performance and are therefore under a certain pressure.

Despite the current booms and the ever-increasing price, asset managers are still reluctant to invest in bitcoins and jump on the express. According to experts, the danger of a crash is high. Also, the perceived advantage, namely the lack of regulation, is considered by some experts to be dangerous. For the same reason, it is unlikely that any asset managers, insurers or pension funds will join the ranks of investors. The sometimes massive price fluctuations are not for nervous investors.


Should one invest now in Bitcoins?

Of course, every investor who wants to diversify their portfolio particularly well, must deal with alternative investment forms. Despite all risk-taking, however, the magic triangle of investment should never be disregarded. The above-mentioned risks are not to be despised and make Bitcoins definitely a speculative investment.

Market observers, however, expect that it may soon be over with the hesitation of institutional investors. If they jump on the Bitcoin express, there will probably be another massive jump in the price. Whether you dare, you have to decide for yourself. But it may be worth it!

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How to increase my credit score? Tue, 09 Apr 2019 16:44:12 +0000 To apply for loans and financing you need to keep an eye on your credit score. It involves your financial image to the creditor institutions. But what matters most at this point is having a high score to get the release. And easier. If you already know what your performance is, and want to know: ” how to increase my score”.


What is credit score?

credit score

Before we answer your question about how to increase my score, do you know exactly what determines your credit score ?

The score analysis is done by financial institutions, such as Sasara and SCC. They evaluate your debt history, consumer habits and issues such as marital status and whether or not you are employed.

This assessment aims to understand your default risk when applying for a loan or financing.

A good score, that is, a good score, is one that is above 700 points, in a measuring ruler that comprises from one to 1,000, as you can see in the table below:

Points / Score Default risk
Up to 300 points Rich high
Between 300 and 700 points Average risk
Above 700 points Low risk

We’ve made the video below to show you how the score works and with tips for improving your score.


How to increase my score?

credit score

1 – Clear your name

1 - Clear your name

To increase your score , nothing better than a “clean” name on the market . So, how about renegotiating your outstanding debts and getting your Individual Taxpayer ID (CPF) from the list of defaulters?

Make contact with the company (s) in which you have debts and ask for help to renegotiate them. This practice is also interesting for companies, who will be more likely to receive the amount owed, so it is easier for you to resolve.

But be careful when it comes to renegotiating. New interest and fees may be included and you need to be prepared to make that new commitment.

It is worth mentioning that many advertisements promise to clear your name and increase your score , but it is a coup. Consult official credit protection agencies before undertaking any activity.


2 – Do not delay your bills

2 - Do not delay your bills

Paying bills on time seems kind of obvious with regards to increasing your score . But believe me, paying your bills before the due date can help you raise your score even more.


3 – Updated data

When consulting your CPF, the credit companies will have access to your data such as name, date of birth, address and telephone number. You need to be careful to always keep this information up to date.

So if you changed your address or changed your phone number, be sure to correct your referrals at a local agency. Or online portals.


4 – Positive Registration

Another way to increase your score is to register with the Positive Register. It brings together your entire financial profile, not just the information from unpaid accounts. With it, you allow credit institutions to make a more accurate and individual analysis of your history.


5 – Banks

5 - Banks

Your bank has its own credit score and evaluation policy. It considers your financial situation and the bank’s products, such as investments, consortia and cards, that you have acquired. Another factor that helps to increase your score with the bank is you always use your credit card for sight or term purchases.


6 – CPF

6 - CPF

Last, but not least, your score tends to be lower for each credit query performed on your CPF. This is because, every company that consults their registration, is registered in Sasara and SCC for 90 days and having several searches can mean financial instability on the part of the consumer.

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