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Self-employed people usually don't have an easy time getting a loan. The reason is, lenders want their money back along with interest in a certain amount of time. To achieve this goal, they require a guarantee in the form of the borrower's creditworthiness. This includes a positive credit report, a regular income, a guarantee or other security.

Self-employed persons and other groups of persons such as freelancers and students do not have a regular income, which means that they are generally not considered creditworthy by banks. A large, unplanned risk for the self-employed is also hidden in an unexpected drop in orders or outstanding receivables. Factors that are usually not assessable or influenceable. Many reasons why credit institutions have difficulties with a loan for the self-employed.

When financing a rental property, we hear time and time again that "for tax reasons" buyers don't have equity or. So little equity ". How absolutely necessary. "Want to use. But does it really make sense not to use equity? How much own money is really necessary and reasonable when buying a rented apartment?

Many people dream of owning their own business and becoming self-employed. However, start-up capital from private reserves is usually required to establish a separate existence.

If you would like to start your own business, but do not have your own capital, your path as an entrepreneur is not blocked. Becoming self-employed without your own capital is not particularly easy. Nevertheless, our tips and our service will help you to realize your plan.

Residual debt insurance is actually indispensable in the eyes of bankers when taking out a loan. If the borrower dies during the loan period, the policy discharges the existing loan amount. The contract also covers the borrower if he becomes unemployed or incapacitated through no fault of his own. What sounds good at first, but also has its hooks. Both unemployment and disability clauses do have pitfalls before the insurer is obligated to provide benefits. Borrowers should examine the residual debt insurance but also under cost points carefully.

A term insurance policy is often the cheaper option for coverage

Christmas is the festival of love; but in this day and age, it is also the festival of gifts. You want to give your loved ones extra nice gifts to make them happy. But often the cost of wishes exceeds your budget, whether it's new toys for the kids, jewelry for your sweetheart or a shared experience. Fortunately, there are options for financing particularly expensive gifts through a loan. In which cases it is advisable and what you should consider, we will show you in this article.

How expensive should christmas gifts be, anyway?

Basically, of course, you can never find the right answer for this. Statistically, each german spends about 280 euros on christmas gifts. According to statista, in turn, it was per capita in 2011 still 338.90 euros, whereas in 2019 we are already at 475 euros. Specifically

Simply charging the e-car at home with the wallbox – that's what more and more people in solingen now want to do. In this overview you will find out where you can get financial support for the purchase of a wallbox and what has to be considered for a wallbox subsidy.

At least that's how we and many others feel too. You too?
You know the situation, the beginning of the month is just a few days ago, but your account would ideally need the next salary again. Credit card is maxed out, possibly second as well. Often the debt you accumulate is consumer debt.

You don't treat yourself to anything else and want to reward yourself for all your hard work. The classic, debts on the current account, the overdraft with a nasty interest rate, and the maxed out limit on the credit card are sometime a permanent condition. The quick installment loan for the new car, paypal pay later and much more tempt us and bring one into the debt trap. Sometimes also liabilities with friends or family. Out of charm you do not dare to talk to them and even lonely. Because nothing more is possible, the situation seems to be irreversible. One reminder after the other flutters in the house. Often one is downright desperate. We know people who have taken their own lives because of their debts. But you are not alone, we help you! The good news is, there's a plan to reduce debt.

The effects of the corona pandemic are driving many small businesses in particular into insolvency. The va piano restaurant chain filed for insolvency on friday. What comes to the employees concerned?

If a company can no longer meet its payment obligations to creditors or is threatened with insolvency, this is referred to as insolvency or a ground for insolvency. The creditors also include the employees if they still have claims against the company. The company is then obliged to apply to the district court for the opening of insolvency proceedings. The court then decides by order whether to open insolvency proceedings.

Various unforeseen situations such as a broken car or a sudden damage to the house, but also a short-term financial bottleneck, because the employer is late with the payment, can cause that you suddenly need a loan. The banks, especially the direct banks, entice you with fabulously low interest rates, especially now that the key interest rate of the european central bank has reached its historic record low. A loan application is quickly made; various documents to check your creditworthiness must be submitted. The application and documents are checked, a schufa report is obtained, and if all requirements are met, the loan is disbursed. Now it can happen that your bank cancels your credit agreement – the bank has various reasons for this. In various cases, the bank is entitled to terminate the loan agreement, but termination is not always actually legal. Therefore, if you have received a notice from your bank, you should examine the process carefully and seek the advice of an expert.

What you should know about the cancellation of the loan agreement by the bank

College education is expensive, especially at harvard. But what does it cost to go to harvard? Discover what my harvard degree cost me.