Loan for Unreasoned Expenses

Now that the main holidays are over, many stores continue the epic of luring people into their networks so that they will not stop wasting their money. All of these promotions, such as gift cards or interest-free loans in exchange for a higher expense, encourage the consumer to sign a loan agreement or spend their budget to the limit. Instead of reducing the price, many retailers lure new customers with stocks, such as: “spend 5,000 rubles and get 500 rubles in cash” or “buy three things and get 700 rubles for the next purchase”. Many, even take a loan, having seen such a “profitable” offer, a loan for ill-considered expenses.

These proposals may seem tempting and for especially thrifty people who like to think through their finances. This is so great – you can buy what I need, water, and get a bonus. But caution should be exercised: many studies show that these types of stocks most often tempt people to spend more money than they intended. Do not go beyond the main essence of these proposals – they simply increase retail sales.

Some marketing research shows that promotions that offer free gift cards or interest-free loans have become much more effective than traditional discounts and bonuses.

 

What is the essence of an interest-free loan?

What is the essence of an interest-free loan?

Installment certainly seems the buyer a bargain. The consumer pays the purchase amount not immediately, but within a few months, which is of course convenient … But what is the plus of the store, he thinks? Apparently, the goods lay on the shelf and the seller is ready for anything, just to sell it. But besides this, additional products will be added to the final price of the goods, which the store is trying to sell to the customer. This may be insurance, and an improved warranty, and convenient equipment setup, and much more. And the happy buyer is already making out his loan for ill-considered expenses.

 

Gift cards

Gift cards

It is also a good trick to keep the customer in the retail network and make him return to buy additional, possibly unnecessary items. Sometimes such a card is issued when purchasing goods with a deliberately inflated price. When a customer makes a purchase and receives such a card, he thinks that he will save it because next time he will have to pay less for exactly the amount indicated on the gift certificate. But, most likely, the gift amount will not be enough and the client will spend the money out of his pocket, just to not burn the bonuses. And in some cases, the buyer does not return to spend money on the card for forgetfulness or because it is not convenient to get to this store.

A gift card gives an additional impetus to a potential buyer for making a purchase. For example, you see a laptop for 30,000 rubles, with the purchase of which you will receive a gift card with a nominal value of 2,000 rubles. And you think: “I can now save 2,000 rubles and buy a computer using this offer.” Then you return to this store some time later and see a tablet for 15,000, which you can buy by paying part of the purchase with a card. Then the thought again comes to you: “I can now buy a tablet for 13,000, which costs 15,000. I save again! “. The first time, when buying a laptop, most likely you will buy a more expensive model, if you are going. The second time, perhaps you will get a tablet that you will not use at all. Meanwhile, the store recorded two sales.

Unfortunately, our subjective opinion that we spend less money very often allows us to lose sight of the true value of our purchases.

Some stores can practice several tricks to expand their sales. For example, a loan for unreasoned expenses and a gift card. Or issue a card when re-selling when you have already used the first. Thus, the buyer may form a dependency to systematically go to this store.

Be alert while shopping. Price promotions are sometimes too good to be true, it is worth taking a moment to think before making a purchase. Instead of thinking about how much you can save, think about how much you actually pay for this product and whether you need it.

Nowadays, you need to be well-versed in many things in order to gain value or actually save money. In stores and in truth can be significant discounts for one reason or another. And in order not to miss the opportunity to buy exactly what you wanted for so long, sometimes it makes sense to take a loan if there is a shortage of a certain amount. But only if the size of the discount will cover the interest on the loan.

Take a Loan From Friends

When the financial situation leads to the fact that money is urgently needed, all funds become good. If the bank has refused a loan, you can contact the Payday Loan to take a microloan. If for some reason the loan was refused, or it has already been taken, you can contact your friends for help. It is important to keep in mind that borrowing money from relatives or other people with whom you are close may not be a very good idea. Your relationship is likely to change for the worse, and if you do not return the money, they can be completely destroyed.

 

But if you have no other way to get financing than to borrow from friends, here are a few things to keep in mind:

 

Clarity

Keep in mind that financial relationships are very different from social ones. When you decide to borrow from friends, it is important to be completely transparent and clear in terms of conditions. Discuss the amount you need and which your “lender” can give out without creating any difficulties for yourself. Also speak the way you plan to return the debt and specific dates.

Borrowing money from friends is good because you do not need to provide any documents and fill out the contract. But it will be useful to write down what you have agreed on paper in two copies. As in the loan agreement, such a document should describe the loan amount and the estimated dates of return.

After you have taken the money, it will not be superfluous to keep up to date with your financial affairs the person who helped you. This will convince him that you are serious about your agreements and that you intend to repay the loan amount.

 

Loan purpose

Loan purpose

When you take a loan from your friends, although they most likely will not ask, it’s still better to tell you why you need money. Of course, the situation can be so personal that even close friends will not want to tell it. But, if you need money, for example for the purchase of inventory for expanding your own business, it is better to inform the “lender” about this.

In addition, be honest with the person who borrowed your money, especially when it comes to a large amount. Give information about your situation at work if there are any difficulties or about the state of your business and the risks you may encounter. The worst thing you can do is lie about your financial situation to borrow from friends.

Particular attention should be paid to the amount discussed. Do not ask for more money than a lender can afford to give you. Especially if you borrow from your parents, who may feel obligated to help, even if they cannot afford it.

 

If you decide to take a loan from friends, you need to repay it on time.

If you decide to take a loan from friends, you need to repay it on time.

If you do not pay on the agreed dates, you can be sure that this will negatively affect your relationship. Take the deal professionally and do everything so that you do not have to remind you of your commitment. Better yet, pay sooner if your financial situation allows.

If the funds do not allow you to repay the loan at the appointed time, it is very important that you call, or even better, visit the person who lent you the money and explain why it is impossible to return them. The biggest mistake you can make in this situation is to avoid calls to the lender. You will lose confidence in yourself and it will be difficult to return it, even if you finally return the loan amount.

Taking a loan from friends, at first glance, may seem like an easy task. But you need to make a lot of effort so as not to spoil relations with loved ones. For this reason, many are turning to this type of financing at the very last moment.

Insurance loan without test nicotine borrower smoker

To take out a mortgage, you will need to join a loan insurance to guarantee it. In fact, although it is not legally necessary to guarantee an immo loan with death and disability insurance, banks and other lending institutions routinely condition the granting of a home loan by taking out this insurance.

Medical examinations: the nicotine test

Medical examinations: the nicotine test

You may have to undergo a nicotine test . Know that a loan insurance from a non-smoker is much cheaper than that of a smoker. The results of this test will have a real impact on the cost of your insurance and therefore on the total cost of your mortgage.

To pay as little as possible for your insurance, do not forget to play the competition between insurers using a comparator insurance loan or by using a broker who will find insurance that does not take into account your profile Smoker to calculate the cost of your insurance!

The medical questionnaire

medical loan

In order to assess the risks you represent and then make a proposal for insurance, insurers will ask you to complete a medical questionnaire. It is important that you complete this health questionnaire accurately and honestly, so that you do not have any unpleasant surprises later about assuming the insurer’s repayment of the loan in the event of a claim. Also, you may be required to submit to certain medical examinations.

Delegation of insurance

money insurance

Since September 1, 2010, date of implementation of the Lagarde law, borrowers are no longer obliged to guarantee their loan with the group insurance that is offered to them by the bank because they are entitled to subscribe freely. insurance of their choice from an insurer external to the lender. This is called a delegation of insurance.

Get a Loan With a Bad Story

How to get a loan with a bad history? The number of people asking such a question is growing every day. Of course, some of them are most likely themselves to blame for the current situation due to the negligence of their debts. But it is not rare that the cause of a bad credit history is really difficult life situations, in which it is impossible to pay the next monthly payment on time. Banks, in turn, are tightening the conditions for their clients and another overdue payment, even for one day, turns the borrower into big problems. In such a situation, you will most likely have to face the worst conditions – an increased interest rate, long loan terms without the possibility of repayment in advance, and so on. So, it is best to correctly calculate your strength and pay off the loan on time, without delay, then the next time you apply to the bank you will be provided with the best conditions and you will receive money faster.

Do not despair immediately in a similar situation. First of all, you need to get your hands on a document with your history, for this you can contact the bank with which you worked or a special credit history bureau. Examine it well and at the time of applying for a new loan, indicate why you did not have time to cope with the terms of the contract. List each item that could adversely affect the story. These reasons may be of service to you and affect the positive decision of the bank.

 

What to do if CI is corrupted and banks are denied a loan?

What to do if CI is corrupted and banks are denied a loan?

The easiest and fastest way to get a loan with a bad history for today is to seek help from a micro-financial organization. Such companies can really help in a difficult situation. They do not have such strict requirements for borrowers and much less documents will be required for approval than in any bank. In addition, it is a good option not to spoil your story, if the next loan payment is appropriate, and the salary is delayed – you can take a microloan for several days and pay off the payment.

You can also try to contact the new, recently opened banks. They can offer not the worst conditions for customers with a damaged CI in order to attract more customers. In addition, you should not directly tell them about your bad history, because new organizations may not have information about you.