Get loans immediately via the overdraft facility

Self-employed and freelancers have no way of getting a credit facility

Self-employed and freelancers have no way of getting a credit facility

The most frequently used loan in Germany is the overdraft facility. It represents a line of credit that is set up in the current checking account. The amount of this credit line depends on the income and states how high the account can be overdrawn without further consultation with the bank. It can therefore be used in whole or in part at any time. The only requirement in order to be able to receive the overdraft facility is a regular income, which is achieved from an employment relationship. Self-employed and freelancers have no way of getting a credit facility. Alternatively, the working capital credit is available for them on the business account. Of course, the Credit bureau data must also be correct for the lending, so negative characteristics must not be included.

If this is the case, most banks already set up the overdraft facility when opening an account. In some cases, it can only be set up after the first salary receipt. Only a few banks still need to submit proof of salary for the institution, which can delay the application for a credit facility. Depending on the creditworthiness (creditworthiness) of the customer, the overdraft facility is granted twice or three times the monthly incoming money. Once the disposition loan has been granted, it will be issued by the bank until further notice, unless the payment is received, so it is unlimited.

Amount of the loan only if there is no more money in the account

Amount of the loan only if there is no more money in the account

The bank reserves the right to reduce the amount of the loan only if there is no more money in the account (e.g. when changing accounts) or if the income has decreased significantly (after a long illness, unemployment) or to delete it entirely. Such a change can only be made after six weeks. The overdraft facility is one of the most flexible loans at all, because the customer can use it as required. Interest will then only be charged for the drawdown and for the exact duration of the overdraft. If the loan is not used, it does not incur any costs. In addition, the loan is not repaid in fixed monthly installments;

If the loan is required again after it has been drawn down, it can be used up to the full amount at any time. As mentioned above, customers do not have to speak to their bank again. The banks can of course pay for this flexibility. Depending on the bank, between 8 and 16% pa are charged for the overdraft facility. It is therefore one of the most expensive loans. If it has been used due to a short-term need for money and the repayment is not possible in a few weeks, a rescheduling may be worthwhile, for example as an installment loan.

Your Credit, fast loans up to $ 500 even with finance institution

Have you received unexpected bills that you cannot delay? Don’t have enough money to end the month? Do you need urgent money for any expense? The fast loan company Nice bank can help you solve your specific financial problems with your immediate microcredits. With them we can get up to 500 USD in a few minutes in a completely confidential way, even while at credit finance institution.

Traditional financial institutions have greatly increased 

Traditional financial institutions have greatly increased 

Mini-loans have become popular in recent years because traditional financial institutions have greatly increased the requirements for granting loans, causing families and professionals to seek alternative forms of financing. This has led to the flourishing of many lending companies that offer better and better conditions due to increasing competition.

Among these private lenders, Nice bank is among the oldest in the microcredit field. It is one of the companies best valued by users, for its excellent service, seriousness, professionalism and speed, since we can obtain a loan in 10 minutes if the request is made during business hours.

Microcredits without payroll and with credit finance institution

Microcredits without payroll and with credit finance institution

The requirements of Your Credit to grant your fast credits are minimal. It will only be necessary to be over 21 years old and have a current account in an entity that operates in Spain. Nothing else. It will not be necessary to justify any source of income, such as a payroll or a pension. In addition, the entity grants money even to clients who are included in the lists of defaulters, such as credit finance institution.

The process to request the money is very simple.

The process to request the money is very simple.

Through the Nice bank website, we will fill out a simple form with four fields: the name, the email, the DNI/NIE and the telephone number. If we have filled it in during business hours (during the week from 9:30 a.m. to 6:00 p.m. and Saturdays from 11:00 a.m. to 4:00 p.m.) they will contact us immediately to check our data. If everything is correct, in a few minutes we can have the money in our account, depending on our bank.

With your credit we can have between 50 and 500 USD to return between 15 and 30 days. We can extend this term by one week paying 10 USD more. Although we cannot request more than one simultaneous loan per owner, once we return the money, we can immediately request another quick credit.

Urgent microcredits with discounts of up to 40%

Best Bank is the new name of the credit company that was previously known as small credit. The new name is that of the British entity that has recently acquired it and that is the leader in the microcredit market in the United Kingdom. Its entry into the Spanish market is a clear indication that the sector has a lot of movement in our country and increases competition, which has repercussions on user benefits.

The market for fast loans

The market for fast loans

And is that the market for fast loans has exploded with the crisis. Banks no longer offer money that easily and people have to resort to alternative financing methods. Short-term loans are the most used for their simplicity and speed , as well as for requiring very few conditions to the applicant to approve the granting of the money.

With Best Bank you can get up to $ 600 in less than 24 hours and use them wherever you want . In order to request them, you must fill out the application form on their website. You have to be of legal age and legally reside in Spain, have a bank account and a mobile phone and not appear in any non-payment registry such as the finance credit institution list. In addition, you will have to justify some habitual source of income, such as a payroll, a pension or unemployment benefit.

Discounts of up to 40% for good customers

Discounts of up to 40% for good customers

Best Bank rewards clients who meet deadlines and repay their loans on time, giving them discounts on expenses for new urgent microcredits, and can even make discounts of up to 40% . In addition, in the first loan you can only request a maximum of 300 USD, but this amount will increase until you can reach $ 600.

The maximum term to return the credit is 30 days, but it is possible to carry out extensions if you see that you are not going to be able to return the money on time. Still, it is important to be aware of our ability to repay the loan on time before applying. And remember that this type of financing should not be used on a regular basis, because the costs are high.

Get fast money while on Financial credit institution

Entering a list of defaulters is very simple: it is enough to not face the payment of a contracted debt so that we end up on one of the most feared black lists in our country, such as that of Financial Credit Institution, an acronym for the National Association of Credit Financial Establishments, or the RAI. As long as the debt is active, our name will remain on the list, so the only alternative to get out of them is to pay, as simple as it is complicated to implement.

We are forced to request another loan

We are forced to request another loan

This situation causes that, in situations of illiquidity, we are forced to request another loan to pay off the contracted debt. But who is going to grant us another loan while we are on a list of defaulters? Being in this situation supposes an automatic rejection of our loan request in any financial institution. It is the whiting that bites its tail; We need liquidity and a new loan to pay a debt, but no bank wants to loan us money.

In circumstances like the present, with a high leverage of families and companies and such a high credit restriction, it is not strange to find people who appear on these lists; This does not have to mean that the person is necessarily insolvent, but it is a problem facing an expense or other debt. In fact, this defaulters file includes, in some cases, defaults as little relevant as a telephone bill or unsatisfied permanence penalties.

However, there are alternatives to bank financing to try to solve this problem. This is the mini credits with Financial Credit Institution, a very useful resource for those people who are in a list of defaulters and need money for any need.

It is a very interesting alternative, especially if we need small amounts. But who can we turn to if we are at Financial Credit Institution?

For higher quantities

For higher quantities

In the case of needing a higher amount that we cannot credit with income while in Financial Credit Institution, we may choose some other alternative, as long as we have some type of property, totally or partially paid. Some of the entities that offer this alternative are:

  • This entity grants quick loans to those who have a property, regardless of whether they are in Financial Credit Institution or any other list of defaulters. The maximum amount that can be obtained is 300,000 USD, depending on the value of the property.
  • Thanks to your home equity loan, we will be able to obtain up to 70% of the value of the home to be returned in 35 years at 3% interest. This entity agrees to grant us the money within 48 hours, after its approval.
  • This is a mortgage loan with a maximum term of 15 years in which it is not necessary to prove income and that will be granted to us for an amount greater than 3,000 USD. In 24 hours we can get a response to our request.

In any case, the number one priority of anyone who appears on any such list is to pay their outstanding debt, since we will be able to access a greater number of possibilities and, in this way, we will be able to obtain credit under more favorable conditions. Although some of these alternatives are very interesting, your request should be punctual, only in extreme cases of need.