The devil is always in the details, and nowhere is this more evident than when we look at the annoying fine print of credit card applications and loan agreements. The US government even made legislation against these evil little notes when they adopted the Law on Credit Law (TILA), where crediting entities disclose certain facts…
Month: March 2019
What is better, a loan with a fixed or variable interest rate?
Variable Interest Loan A variable interest loan is a loan where the interest on the outstanding balance varies as the market interest rate changes. As a result, your payments may also vary (as long as your payments are mixed with principal and interest). Fixed interest rate loans Fixed interest rate loans are loans where the…
Short-term Moments – A Payday with a Longer Repayment than 30 days
If 30 days to repay the loan is too little for you, maybe long-term payday loans with an extended repayment period will meet your expectations. As probably most of you know perfectly well, we will usually borrow a payday loan with a 30-day repayment period. During the 30 days we should return the entire…
Loan despite € 1,000 income
When you make a loan application, the bank first checks your credit rating. The private credit, the scoring procedure and the evaluation of economic performance play an important role. A loan is only granted if all criteria are met and the bank classifies the risk as relatively low. If you want to get a loan…