May 27, 2019 admin 0Comment

I can’t borrow money anywhere is a more common problem, but what exactly is the cause of this problem? Can you go nowhere because you do not have sufficient income or is it because you have incurred a negative registration with the credit check. Let us take a closer look at the various problems and see whether a solution can be found. Often you cannot go for a larger loan such as a revolving credit or a personal loan and you will have to do it by borrowing a small amount.

 

I can’t borrow money anywhere

I can

Suppose that you applied for a loan earlier that was subsequently rejected because you do not have sufficient income, which loan you applied for and with what amount. For a loan of for example € 5,000 you must quickly show a net income of around € 1,400, in addition to that your fixed costs may not be too high because you will then not be able to repay this loan . Perhaps it is an idea to borrow a smaller amount so that you are not only quicker to get rid of it, but also to be able to lower the monthly repayment period.

How much do I pay in installments per month?

money loan

With a loan in the form of a revolving credit or a personal loan, the minimum amount to be repaid per month is € 50, so remember that for such a low amount that you are tied to it for a long time and you are probably not that far away can look into the future to determine whether you can still cough up this in a number of years. With the set example of € 5,000 and a repayment of € 50 per month you are no less than 14 years attached to it, with such a low repayment interest also starts to play a significant role, this is between 7 and 7 % and 10% depending on your situation, but because you take so long to repay, you pay a total of almost € 4,000 in interest. The faster you pay off, the lower the total interest amount you have to pay.

 

Borrow money with credit check

money

In the other case you will have a credit check registration in the course of timesustained that you are still chasing. Now your options are rather limited because you can no longer go for a regular loan, this means that you are only eligible for a small loan , with a small amount is meant a mini loan up to a maximum of € 1500. When applying for a mini loan, having a negative credit check is no problem as long as you have a fixed income of around € 900 net per month. Note that you must repay a mini-credit in one go, you do this in a maximum of 2 installments and a maximum of 62 days.

Leave a Reply

Your email address will not be published. Required fields are marked *