Buy back credits: how to put the odds on its side?

credit loans

To take out a loan with a bank, certain conditions must be met in order to validate the transaction. To buy back credits, you also need to bring together different elements essential to making your case a reality.


A reliable file to have your credits grouped

A reliable file to have your credits grouped

For specialized establishments, a good file is necessary since it makes it possible to analyze the feasibility of the operation and to study the creditworthiness of the borrower. Whether for banks or other financial organizations, stable income guarantees significant financial sustainability for the success of the buyout.

In addition, good management of the debtor’s bank accounts over the years attests that the economic behavior of the beneficiary is stable. During the months preceding the request for credit consolidation, it is important to avoid repayment incidents or repeated overdrafts.


The essential elements not to be overlooked in the case of a loan buy-back

debt loan

A borrower will be even more likely to be successful in buying back loans if they have good collateral. A mortgage, a surety or a guarantor with a stable professional and financial situation corresponds to the terms of the lenders.

Other elements can work in your favor. To assure the organization that your request is considered, it is essential to prepare all the documents and supporting documents necessary for the request.

These documents are essential for a personalized study of the debtor’s situation and to propose solutions adapted to his repayment capacities.


The levers to watch closely when buying a loan

credit loans

Borrowers pay particular attention to the conditions of the contract they will sign and the costs inherent in setting up such a financial transaction. The interest rate applied when combining credits and the total duration of the operation are decisive factors. It is the addition of the two which makes it possible to lower the amount of the monthly payments and to increase the daily budget of the beneficiary.

Borrower insurance is also an important element and must be taken into account in the calculation of the transaction in order to cover the possible risks of non-repayment. In addition, it is essential to know the fees charged to this service.

Note that the repurchase of credits can be a solution in the case of a high debt or when the monthly payments are too large, no longer allowing the subscriber to pay his everyday expenses.

Credit banks in comparison.

The private consumer can now look forward to an enormous variety of loans on the market, which not only increases the likelihood of being granted a loan, the potential borrowers also expect better conditions. The high supply has had a particular impact on interest rates; borrowing is currently cheaper than ever before. The enormous variety of offers also has a decisive disadvantage: the comparability decreases. Anyone who wants to benefit from good conditions today cannot avoid comparing credit banks.

Credit banks in comparison – this should be noted

Credit banks in comparison - this should be noted

When comparing several offers, it is particularly important to take interest rates into account; cost-conscious borrowers should always differentiate between target and effective interest rates. The effective interest rate is of enormous importance for the determination of the total costs. In addition to the debit interest rate, the effective interest rate also includes other costs associated with borrowing. With the fixed interest rate, you can protect yourself as a consumer from a change in the interest rate, the fixed interest rate is 10 years for many offers, so that only very few borrowers are affected by an interest rate change during the term.

The framework conditions that the borrower has chosen always have a decisive influence on the borrowing costs. Term, repayment, loan amount and purpose are taken into account as well as the creditworthiness of the borrower. The creditworthiness of the borrower is primarily dependent on income and profession, and many institutions still use the Credit bureau information to check creditworthiness, as this provides information about the borrower’s payment behavior.

Those who opt for a long term and a large loan amount must expect higher interest rates than a small borrower. This can be justified by the risk for the bank, high loan amounts and long terms always pose a risk, which the banks compensate with higher interest rates. A long term is particularly useful for people with a low monthly liquidity, short terms are only recommended for people who have enough financial resources to make quick repayments. Many borrowers have a short term because it is cheaper, but the risk of default is particularly high.

Looking at credit banks in comparison made easy

Looking at credit banks in comparison made easy

If you want to compare credit banks, you should use a credit comparison on the Internet. The loan comparison is now made possible by many financial portals on the Internet. Credit calculators offer the possibility of making a comparison with individual sizes. By taking into account a certain loan amount, term, repayment and use, particularly precise comparison results can be achieved. The credit comparison can permanently contribute to a significant cost reduction and is therefore highly recommended.

Loans with a term of 12 months

If you would like to fulfill your wishes, but do not have enough savings, you can of course take out a loan. Taking out a loan is very normal nowadays – almost everyone has ever been in debt to fulfill their dream of owning a home, a luxury car or a Caribbean vacation.

Of course, it is important that you always keep an eye on your finances and do not take too much risk. So that the borrowing does not harm you, you should first consider how much money you have available for repayment each month. You should also take into account unforeseen expenses – after all, nobody can predict whether your fridge will soon break or your garden fence needs to be repaired.

Loans with a term of 12 months – so you can save a lot

Loans with a term of 12 months - so you can save a lot

The most annoying thing about borrowing is of course interest. Fortunately, it is possible to keep interest rates low if you opt for a short term. Loans with a term of 12 months are usually much cheaper than other loans.

A disadvantage is, of course, that you have to repay the amount faster and therefore have to pay higher monthly installments. But if you can afford it, you should definitely take out a 12-month loan. Depending on the amount of the loan, you can save several hundred to a thousand euros. The basic prerequisites for taking out 12-month loans are the same as for other loans. You need a steady job, a regular income and a clean school to be considered creditworthy.

Loans with a term of 12 months – do the comparison

Loans with a term of 12 months - do the comparison

Although 12-month loans are cheaper than other loans, you should try to take advantage of even more savings. One possibility is to carry out a comparison on the Internet and to check the offers of the different banks. Even if you have been loyal to your house bank for decades, you can be sure that there are cheaper offers elsewhere. If you have found an attractive offer through the comparison, it is possible to apply for the loan immediately on the Internet. This not only saves you a lot of money, but also valuable time – after all, it only takes a few days for your loan application to be approved by the respective online bank.

Unemployment loan 100,000 loans disbursed 02/2020

Negative credit rating

Negative credit rating

A few years ago, borrowers who had a negative credit rating, limited creditworthiness or no secure job were virtually excluded from lending. Anyone who did not get a loan a few years ago will face other requirements and options that are currently available when it comes to lending.

Numerous banks and credit institutions, in particular the numerous online and direct banks on the Internet, now enable borrowing for the unemployed, pensioners, people with negative Schufa and students with a low income. Finding a loan for unemployment is not impossible today, as unemployed people also have a certain income, in the form of social income. Despite the limited financial possibilities, borrowing is not out of the question; today numerous credit products prove to be flexible financial products in which repayment, use and loan amount can be individually determined.

Since unemployed people can also find unemployment loans from numerous banks today, it is worth comparing several offers. Financial portals on the Internet now enable an objective, free and quick comparison of all available credit offers in the event of unemployment.

unemployment at the lowest possible interest rate

Take advantage of a loan in the event of unemployment at the lowest possible interest rate – This is how it works with the cheap loan

Finding a low interest rate unemployment loan is difficult, but not impossible. Since unemployed people have a lower credit rating, they generally have to expect high interest rates. Borrowers should be able to differentiate between debit and effective interest rates when searching. This simple distinction can often lead to substantial savings and significantly lower effective interest rates. The effective interest rate can be influenced directly by the borrower, especially the creditworthiness, the desired loan, use and repayment play a decisive role for the effective interest rate.

As unemployed people have only a low monthly income, they should definitely have positive Schufa information. The creditworthiness can be significantly enhanced by the positive Schufa information. By specifically selecting the term and loan amount, borrowers can also benefit from low interest rates. Borrowers who choose a short term and a low loan amount can always benefit from a lower interest rate, which can be attributed on the one hand to the lower risk of default and on the other to the lower capital commitment for the bank. Borrowers who have a low income or are unemployed should be particularly careful with short terms, often their own liquidity is overestimated and there is a credit default.

Finding best unemployment credit with a loan calculator

Finding best unemployment credit with a loan calculator

Today, loan calculators enable a quick and free comparison for loans with unemployment. By taking into account the duration, loan amount, etc., borrowers can quickly and decisively restrict the search.

Cheap bank loans.

The business of banks is to lend money. They earn nothing with customers who only place their money with the banks. That’s why they roll over to win new customers. This may be positive for the consumer, but should not be blinded by advertising. There are cheap loans from the banks, but the individual offers differ considerably from each other. So what is there to consider?

Nominal interest rate and APR

Nominal interest rate and APR

In advertising, the nominal interest initially catches your eye. But this is just the pure interest rate. The effective annual interest rate is more important because it tells you how high the interest rate actually is. A loan also incurs processing fees or other administrative fees. These are included in the annual percentage rate. Ultimately, this is the interest rate that the customer has to pay and is added to the loan amount.

What about the conditions?

What about the conditions?

Anyone looking for cheap loans from the banks must also pay attention to the conditions. They may not seem so important at first, but we want to go into more detail here. There are months when money is particularly tight. Mostly this is January, because then insurance for the car or household items is due.

To top it all off, the utility bills also flutter into the mailbox. Now it would be nice to be able to suspend the rate at the bank. This is exactly what some banks offer for free. A free repayment month, who doesn’t want that?

Another issue that is also important is prepayment penalty. This is a fee that banks charge if a loan is repaid early. This causes the bank to lose interest, which they want to compensate with a prepayment penalty. Some people ask for so much money that it is questionable whether the loan should be paid early. But here too there are cheap loans from the banks, which do not do this. A comparison is not a waste of time, but very important and valuable, because it helps to save money.

Borrow money from private.

Borrowing money privately is popular. More and more websites and portals offer opportunities for crowdfunding or crowd financing. The article provides a look behind the scenes, looking critically at risks, but also naming opportunities.

Crowd financing – borrow money from private

Crowd financing - borrow money from private

Crowdfunding, borrowing money privately, is becoming increasingly important. Comprehensive changes in the law, the LLB’s low interest rate policy and not least the USD crisis have made the business model hopeful. The basic idea is amazingly simple. Risky business ideas, popularized by private lenders through film projects, cannot simply be financed through a credit institution. Despite the good profit prospects, the risk is simply too great for an individual investor or a bank.

If the risk is distributed to a large number of private investors, even a total loss would be bearable for the individual investor. Risky projects were funded, often with great media attention. Borrowing money privately became known. Nevertheless, it was only the beginning of a business idea that helps many people today. The financial crisis was much more decisive for the success of established credit portals such as Trucredit, Fidor or Centiloan. The crisis solution currently achieved resulted in two losers and one winner.

Large investors who speculated with worthless paper and increased their wealth won. With public aid, they were able to save their returns through the crisis. The ordinary citizen has lost. As a taxpayer, he is responsible for the LLB’s rescue packages and bond purchases. Good paid jobs were destroyed across Europe, a network of “low wages” is doing the work today. Despite a full-time job, these people do not get a loan. Small savers are also losers. The low key interest rate destroys your savings reserves.

Credit from private to private – win-win situation

Credit from private to private - win-win situation

At the beginning of the millennium, Germany was considered the “sick man of Europe”. Reunification was far from over. Serious experts had already predicted in 1989 that it would take around 20 years for Germany to regain strength. It had to bear the collapse of the GDR, the loss of sales markets in the east and the costs of reunification. In order to prevent the final overloading of the social systems, Germany should become competitive.

Agenda 2010 can be seen as the father of the success of personal loan portals. The change in the labor market and the pension reform caused great demand. Borrowing money privately was and is the only credit option for many employees. The financial crisis ensured that small investors provided sufficient capital inflows. With a key interest rate of 0.25 percent, savers cannot offset inflation. The offered interest for “safe” savings investments fall below the devaluation of money.

Being able to borrow money privately from a legal and secure environment creates a win-win situation. Financing offers again to workers, self-employed and pensioners who would nowhere get credit. The annual percentage rate to be paid for this can be considered to be in line with the market. It is ultimately decided in the bidding process. The system is an opportunity for small savers who do not want to watch how their money burns. The opportunity to invest in a modest way makes lending comparatively secure. The interest income achieved, even if a repayment does not work, ultimately results in an interest gain.

Risks for investors and borrowers

Risks for investors and borrowers

Private lending is a growth market. More and more websites offer private loan brokerage. You want to cut off a piece of the cake. Against the background of saving fees or implementing impossible financing requests, borrowing money from private to risk. A borrower’s wish to save the fees for a loan brokerage is legitimate and understandable. If you have little money, you just have to save.

However, savings are made at the expense of security. From contacting to credit processing, everything has to be organized by free portals. Borrowing money privately can become a risk if the implementation of applicable laws is not monitored. Excessive interest, the Stiftung Warentest has determined top values ​​of 20 percent and more, may result. In addition, a private individual cannot understand the origin of the money. The risk of losing up to five years in prison for money laundering allowance is not worth the minimal savings.

Without an ID check and an extensive dunning process, it can also be dangerous for the money of the serious investor. If the borrower does not pay back, “good money must be thrown after bad money”. Dunning and the title of the claim are only taken over by the established portals. A private investor, without the protection of the established credit portals, can usually only say goodbye to his money.

What recommendation can be given?

What recommendation can be given?

Borrowing money is the only way out of the credit crunch for many people. Nevertheless, we can only strongly advise against saving at the wrong end or “wanting to force a loan”. Everyone should be aware of how complicated and dangerous monetary transactions can be. To want to borrow money at any price, to do without protective mechanisms, almost always leads to a dead end. There are life situations where no loan is possible, neither from a private person nor from a credit institution.

Investors also pay to the established portals. Nevertheless, everyone can only be given the urgent recommendation not to get too greedy. The protection that Trucredit, Centiloan and other established credit portals offer cannot be offered for free. Safe investments may only generate a slightly lower return, but the savings saved are not exposed to unnecessary risk.



Borrowing money privately offers exceptionally fair credit opportunities for borrowers and fair interest for investors. The business model is a win-win option as long as professionals in the background ensure fair rules and a smooth process. Borrowing money privately as well as lending money can also quickly become a risk.

Credit from Switzerland without Credit bureau.

If a loan application to the house bank is rejected due to a lower credit rating and negative entry in the Credit bureau, the potential borrower does not have to forego financial help.

Online loans on the free financial market are perfect for fulfilling very different wishes and convince with payments of different amounts. Independent financial service providers can arrange a cheap loan from Switzerland without Credit bureau and thus ensure that the desired purchases can be made or the urgent bills can be paid. A loan from Switzerland without Credit bureau is suitable for all applicants due to the low interest rates and is not rejected even if the Credit bureau entry is negative.

Give the lender a hedge

Give the lender a hedge

Of course, the loan from Switzerland without Credit bureau also requires appropriate protection. Instead of using creditworthiness as the basis for payment, the lender from Switzerland also accepts real assets, capital-building life and pension insurance, investments or funds, but also a guarantee or co-applicant. The possibilities are complex and interest rates are particularly low. The guarantee promises full and problem-free debt coverage in the event of default by the borrower.

With a guarantee, even with Credit bureau entry, practically any amount can be received from the Lite lender lender. In order to find a suitable loan according to your own ideas and rely on a reputable brokerage, independent financial brokers can be commissioned online to search for an adequate offer. The financial intermediary finds a solution even in difficult cases and helps the applicant to get a cheap and reputable loan with low interest rates.

Filter out offers by comparing them

Filter out offers by comparing them

The variety of credit offers from Switzerland without Credit bureau is so enormous that a comparison should definitely serve as a basis for a decision. The comparison makes it possible to exclude offers that are too expensive and to focus specifically on cheap and flexible loans. But not only banks, but also private donors make a loan from Switzerland possible without Credit bureau.

In reputable online portals, applicants have the opportunity to contact potential lenders directly and can rely on offers without dubious aspects. Even a Lite lender loan does not cost any fees required in advance. If a free financial intermediary sends an invoice and requests payment in advance before payment, credit is strongly discouraged.

In most cases, it is not a serious offer in this case and it can happen that the credit that has already been approved according to the intermediary will never be paid out after the transfer of the agency fees and will reach the borrower.

Loans for the self-employed from private


Loans for the self-employed from private are not only realistic. For private donors, corporate investments are considered, and with appropriate protection, even an exceptionally good investment. The expected interest rate is comparatively high for investors, although the credit risk remains manageable.

Loans for the self-employed from private – uncomplicated corporate financing

Loans for the self-employed from private - uncomplicated corporate financing


It is usually extremely difficult, time consuming and expensive to obtain credit as an entrepreneur. The local banks, which should actually give the entrepreneur a vote of confidence, are not geared towards corporate financing. Loans for business start-ups via the house bank and a overdraft facility for the business account are also possible. If these options are exhausted, practically every house bank becomes extremely inflexible.

It is not uncommon for the clerks to be overwhelmed when it comes to assessing credit risk or only able to act to a very limited extent due to management guidelines. Loans for the self-employed from private offer the way out of the credit crunch. The improved credit opportunities do not derive from the higher competence of private small investors.

You can’t look into the future of the company any more than a bank clerk can. It is the nature of personal loans that improves opportunities. Donors generally do not make financing decisions that risk large sums. A small loss may be annoying, but it is not existential. The enthusiasm for a business idea is there.

Convince private investors

Convince private investors


Loans for the self-employed are particularly dependent on a well-formulated credit description. The key messages must be kept verifiable. In terms of content, the self-confidence of a seasoned entrepreneur can be felt without appearing arrogant. An entrepreneur doesn’t beg for credit. He sets goals that he will achieve.

Entrepreneur loans are trust loans. It is the trust in the business idea and in the established “doer” who will successfully implement this idea. If known company names belong to the customer base, these names should of course not be missing in the description.

In addition to the convincing content of the loan request, the orthography must also be observed. Neither tapeworm sets nor typing errors should spoil the impression. Let the text rest for a day before reworking it. Rapid publications and later corrections reduce the credit outlook. An entrepreneur plans ahead. Supplements that are required several times give the impression of lack of planning.

Use help from the portals

Use help from the portals


The portals are increasingly moving towards checking credit requests from entrepreneurs. To protect investors, windy business ideas and high credit risks should disappear from the platforms. If there is a seasoned successful entrepreneur behind the credit request, he does not have to fear the preliminary credit check. Ultimately, it guarantees an investor’s trust.

The certificates and property collateral offered increase the chance of making loans for the self-employed from private, approvable.