Small loan without credit bureau | Look for a guarantor

If money is urgently needed and Credit Bureau does not actually allow a loan to be taken out, then many consumers try to get a suitable loan via detours. Often these detours lead through dubious credit intermediaries who unfortunately are sometimes of little interest in serious help and therefore make offers that are not worthwhile. It is relatively easy to take out a serious small loan without Credit Bureau. At this point we would like to explain how this works.

Take care of a guarantor

Take care of a guarantor

If you want a regular installment loan as a small loan without Credit Bureau, then you should look for a guarantor or maybe even a second borrower from the start. Due to your negative Credit Bureau, you are not an interesting loan partner for traditional banks. However, if you involve a second person in borrowing and if this second person can offer a good Credit Bureau, you have created a starting position from which very good negotiations about a loan can be conducted with any bank.

Because the banks see the second person as security that significantly reduces the risk of default. Suddenly you are again an attractive loan partner to whom you are happy to make a good offer. In the best case scenario, you should call in a guarantor or a second borrower right from the start and symbolize the bank in such a way that you are aware of your personal situation and therefore have “made provisions”. In this way you avoid a credit cancellation, which might also have a negative impact on your credit rating.

Use a loan from abroad

Use a loan from abroad

If only the Credit Bureau is your problem and you can show a good and above all a fixed income, you can also take out your small loan without a Credit Bureau from a foreign bank. Most of these loans come from the small Principality of Liechtenstein. The banks there are very pleased if they can offer German customers a small loan of up to 5,000 USD.

A prerequisite is a fixed income that is above the garnishment allowance. In addition, you must be at least 18 years old and have a permanent residence in Germany. You can apply for the loan conveniently over the Internet. Simply go to the websites of the relevant banks and print out the application forms there. Fill it out and send it back with the rest of the documents to the bank of your choice. She will get back to you quickly and submit a corresponding offer.

What do credit intermediaries offer?

What do credit intermediaries offer?

Credit brokers do not necessarily have the best reputation in our latitudes. Even if this does not apply to everyone, there are still some black sheep among the self-employed intermediaries. However, there are also serious intermediaries who can also help with a small loan without Credit Bureau. They mediate a loan offer that is provided by private individuals.

In order to receive such an offer, you not only need to have a good income, you also have to describe exactly what you need the money for. The intermediary then checks whether he can find a suitable lender. The latter will then submit an offer with an effective interest rate, which will in any case be higher than for loans that are taken out directly from a bank. Because the private lender is not bound by any interest requirements and can therefore design his offer as he likes it.

We therefore recommend that you only consider loans from private individuals without a fixed interest rate as the last option. It is better to try out the other options first, which will surely bring you the desired loan. And on better terms.

Tips for small loans without Credit Bureau

Tips for small loans without Credit Bureau

Even if your financial hardship is quite large, you should always be careful not to fall for dubious offers. Do not pay a brokerage fee or similar in advance to a credit broker. Do not let insurance companies gossip to increase the prospect of a small loan without Credit Bureau.

Check all documents very carefully before signing them. Above all, pay attention to the effective interest rate and the repayment agreements that are offered in it. Remember that only the conditions that have been agreed in writing apply; verbal agreements are not binding.

Only take up the loan amount that is really necessary. Because every cent that is taken in must somehow be repaid again. Since the interest rate for a small loan without Credit Bureau can be slightly higher than for a comparable installment loan from one of the traditional banking houses, every USD that is borrowed should be carefully considered. So that the credit really has a benefit in the end and not only puts an additional burden on your financial situation.

Creditworthiness – What is it, how are you assessed and how do you improve it?

Creditworthiness is a rating of an individual’s ability to pay off their debts, such as loans, invoices and rents. The value of the credit is used by lenders to assess the ability of the borrower to pay. Having a good credit rating is an important factor if you want to borrow directly. The grade is not unique to private individuals but is used both for companies and countries. A person with a low credit rating is seen as a risky investment for lenders and is therefore more difficult to find a loan.


What determines my credit rating?

What determines my credit rating?

There are many factors that determine a person’s credit rating. All credit reporting companies use different, but similar, methods and models to the credit rating of a customer. The companies make their assessments using statistics, history and personal data, among other things, to arrive at an image of the customer’s credit rating. They usually rely on data from the Swedish Tax Agency, the Crown Commissioner, credit card companies and other sources and authorities.

Banks usually use the Credit Information Center’s (UC) credit report to make their assessments. UC is owned by the big banks and therefore has a very broad register of customers’ financial situation.

The following are the most important factors when banks and lenders calculate your credit value:



The first and one of the most obvious factors in the analysis is, of course, the borrower’s income. This can be anything from salary, to funds and shares. Lenders collect information on how much you have declared over the past 3 years, as well as the individual’s current assets and income. Some also require a certificate of employment.


Fixed expenses

Fixed expenses

The other factor that is calculated is fixed expenses. There, the borrower’s costs and expenses are calculated on a monthly basis. By comparing your income with your expenses, the lender can get a picture of what your finances are capable of. Housing costs are usually the largest expense, but they can vary depending on whether you have tenancy or tenancy rights. In addition to the housing, there are several guesses and generalizations depending on the life situation such as children, divorces and future loans that they use to calculate your disposable income and if you will be able to afford to repay the loan.



The third factor that underlies your credit rating is your current credits such as fast loans, mortgages or consumer loans. Amortization and interest are included in your fixed expenses when you have to pay them. But the lender also looks at your past credits and how well you have handled them. Late and non-payment is considered very negative. It is therefore important to keep track of their expenses and ensure that they are paid on time.


Life situation


Last of the factors in your credit rating are based on your life situation and how stable it is. For example, a couple who has had permanent employment for a longer period and who has lived in the same accommodation is seen as much more stable than a single individual without permanent employment or housing. But they also look at whether the household has, or will soon have, children, as these involve an expense.


How can I improve my credit rating?

How can I improve my credit rating?

When you apply for a loan, banks and other lenders will, as I said, examine your credit rating before you can get your loan approved, unless you choose to take out a loan without a credit check at UC. There are several methods and tricks you can use to improve your credit rating that you should consider before you start looking for a loan.


Check your own credit rating

A good first step when it comes to applying for loans is to check their credit rating before lenders do. By reviewing it yourself, you can verify that all information in the report matches the reality. If the report proves to be incorrect, you can report this to credit reporting companies such as to correct the mistake.


Reduce debts and credits

Reduce debts and credits

If you have old loans and credits, it may be good to start doing something for them before you start looking for loans. A credit report from UC shows how many credits you have and how much they are on. A good way to reduce the number is by accumulating loans and credits. The smaller and fewer debts you have, the better your credit rating will be.

For the same reason, you should also be careful about the number of credit requests you have. Many credit inquiries raise the eyebrows of lenders, so they should be kept to a minimum.


Strengthen your finances

Easier said than done you can say, but by increasing your income or lowering your expenses you can see a clear difference in one’s creditworthiness. If you have a strong economy, it is even more likely that you can take out a loan without collateral.


Do not move too much

Strengthen your finances

A person who moves around a lot is seen as a riskier investment than a person living in the same place. The lender believes that the number of moves says a lot about a person’s life situation, which in turn affects the creditworthiness.


Avoid payment remarks

Payment notes are unpleasant creatures and they greatly affect your credit rating. They also remain in the register for a full three years before disappearing. It is therefore very important that you try to keep them away as best you can. Therefore, do not take more loans than you can manage, especially if you want to borrow despite previous payment remarks and always pay them on time.


Think about who you are looking for

Check your own credit rating

Seeking along with their partners or cohabitants is a great way to share the cost of borrowing. But keep in mind that the lender looks at both your and your co-applicant’s credit rating. It is therefore important to only apply for loans with someone who has equal or better credit rating than one. If your co-applicant has a lower dignity, it can follow these tips to raise it.

If you follow this guide you will soon notice that your credit rating is noticeably better.

Student loan cancellation

Getting an education is an important step in everyone’s life. While primary and secondary education is available free of charge at most educational institutions, quite often large sums of money are required to obtain higher education. Of course, many study programs offer their students the opportunity to earn budget places, as well as scholarships to even reduce their education costs slightly. But livelihoods are also needed to make a living, such as the monthly cost of a dormitory or apartment, and the purchase of food. Such additional expenditure is covered by a student loan intended for the social needs of the students.


Student loans can be obtained from banks

Student loans can be obtained from banks

One of the most important aspects is income. If the student does not yet have his / her own regular income, then it is necessary to attract a guarantor, such as a parent with a stable monthly income. Student loan has a relatively low annual interest rate. Unlike other loans, student loans ensure that the borrower receives a constant portion of the loan amount each month. Of course, money is not counted in July and August when classes are not taking place. Repayment begins one year after graduation, when the student has found work. In the case of early school-leaving, or failing to obtain a degree, reimbursement must start a few months after leaving the school. However, you also have to make payments during your studies – you must start paying interest one month after your first deposit.


Student loan is one of the types of cash loans that can be redeemed

Student loan is one of the types of cash loans that can be redeemed

This means that the State will repay the loan, unless such a request is approved. In order for a student loan to be extinguished, it is necessary to pass the competition and the applicant must meet certain criteria. There are also some factors that can facilitate student loan repayment.

To apply for student loan repayment:

  • first, the loan must be granted by a State guarantee or by the State budget;
  • secondly, at least one year must have elapsed since graduation, meaning that student credit can not be canceled for those who have left education before they have obtained their diploma;
  • thirdly, the former student must have worked in the area in which he / she was previously studying and must have been employed for at least one year;
  • fourth, the workload must not be less than half-time.

Applicants are identified through a competition. But it is not enough for a person to fulfill all conditions. Each year, an order is issued from the Cabinet of Ministers, which determines which profession can be granted a student loan repayment. Occupations can change depending on the needs of the economy, so you always have to find out who is being given the opportunity.

Another important factor in the competition is how long the person has worked in the profession. As already mentioned, student loan cancellation is not granted to those working in a sector other than education. This option is generally available to persons working in state or municipal institutions, medical institutions providing services provided by the state budget, as well as non-governmental institutions performing state or municipal social services provision, as well as those working in private pre-school education. institutions.

To apply for a student loan cancellation, the applicant must apply for a state loan repayment. Also, there must be a certificate from the workplace. Importantly, this statement comes from your primary job. A copy of the completed higher education diploma is also required. After that, you have to wait for the results of the competition, which also determines which student loans will be canceled and which will not. However, if the student loan application is not approved, you can always apply again because the competition is held every year.


The loan repayment process depends on the terms and conditions of the loan agreement

The loan repayment process depends on the terms and conditions of the loan agreement

If the repayment is fixed for 5 years, 20% of the total principal amount of the loan is canceled for each year of service in the relevant profession. However, if the loan maturity is 10 years, 10% of the loan principal is canceled for each year of employment in the profession after graduation. If the repayment of the student loan is approved later, that is to say, if the person has been working in the profession for several years, but has paid for the loan himself, the amount of the loan paid in advance from his personal finances is, of course, not refunded. Because the loan repayment period is several years, life changes, such as a change of job, can always occur. As it is the job that is relevant to the education at stake plays an important role in extinguishing such loans, changes in the workplace must always be communicated. If the field of work is unchanged, the same should be reported, but if the person no longer works in the relevant sector, the loan can be canceled.


Pay the student loan has a child born or has undergone the adoption process

Pay the student loan has a child born or has undergone the adoption process

relief is applied. For each child 30% of the student loan is canceled. However, if the student loans are for both persons who now have a child in the family, only one of them may have that portion of the loan canceled. Likewise, such benefits are granted if the person has become a Group 1 or Group 2 disabled person. In this case, the credit is extinguished in full or 100% of the total credit. The student loan does not have to be repaid even if the person is dead.

What are the real loan costs?

When seeking financial support, we usually decide to take out a loan. Housing and consumer loans are the most popular. Among the latter, cash, car, student and other loans are taken. In turn, entrepreneurs use working capital loans and investment loans. However, there are so many banking products that it is easy to get lost, especially if you do not have much knowledge in banking and finance. One of the issues that raises the most questions is the actual cost of the loan.

Actual loan costs

Actual loan costs

The actual cost of the loan is primarily interest, as well as other fees and commissions. We usually pay the most attention to interest when taking out a loan. The loan interest rate is set by the bank and is expressed as an annual interest rate. Pursuant to the provisions, the interest rate may not exceed four times the lombard rate, its amount is decided by the National Bank. Added to this are credit insurance costs. The insurance does not apply to all loans, it is most often found in the case of housing loans as insurance for missing own contribution. The cost of insurance can often be renegotiated after the first years of loan repayment.

The actual costs of the loan also include additional costs such as the preparation fee, i.e. the amount for examining the application, as well as the commission for granting the loan. The commission can be added to the loan amount, thanks to which the borrower does not have to pay this one-time fee when taking out the loan, thus reducing the initial costs. The cost of a home loan can also include the cost of real estate valuation, although sometimes a bank evaluates a property at its own expense. The real costs of the loan do not include account maintenance fees, costs related to securing the loan, or all fees resulting from failure to comply with the loan agreement.

What affects the cost of the loan?

What affects the cost of the loan?

The loan interest rate as well as any additional costs result from many factors. Some are dependent on us, others are beyond our control. Such elements include loan collateral provided by the borrower, as well as its credibility. If the bank’s client has high credit standing, he is more likely to negotiate terms and reduce at least part of the costs. In addition, the cost of credit is influenced by elements such as inflation, unemployment, competition among banks and financial companies, interest rates and many others.

How do you check the actual loan costs?

How do you check the actual loan costs?

At the stage of comparing the offers of individual banks, calculators that calculate the total cost of the loan will help us. Such calculators can be easily found on the internet. Of course, the amounts they calculate are indicative and not fully accurate. Ultimately, when deciding to submit a loan application, you must ask your credit advisor very carefully about all the costs. It happens not once that the bank employees do not mention certain fees, so it is worth being very inquisitive. Taking a loan for a very large amount, e.g. a mortgage, you can ask for a lawyer who specializes in finance and banking. Such a lawyer will analyze the available options and tell us which solutions will be the most beneficial.

Direct payday lenders -Direct payday lenders online: high approval rates

Each bank offers its customers personal loans or consumer finance. The customer is looked after at his branch office, can apply for a loan on the spot and, in conjunction with his bank advisor, continue the classic banking business. But these services are not offered free of charge; even if the customer does not receive a direct invoice, the fees will be added to the personal loan. Fees, which – if the consumer decides on an online loan – are no longer payable.

Because the automated application ensures of course for cost savings. A cost-saving, which – with direct banks – is passed on directly to the customers. Direct banks only communicate via the Internet or over the telephone. Banking can be done at any time of day or night.

The direct banks also save on the branch network – there are no more branches. All these are reasons why the online loan is much cheaper than the classic financing from the bank. The application has also been simplified. The consumer is guided step by step through the areas.

Direct payday lenders online: high approval rates

The borrower can close maturities of up to 84 months, possibly up to 120 months. Online payday loan has no purpose. While the banks advertise again and again with real estate financing or car loans, the classic online loan is not earmarked. This means that the borrower is free to dispose of his money; proof of what the loan amount was used for is not required.

Of course, the consequence of this is that it mainly comes to a variable interest. The interest rate is also based on the creditworthiness of the customer. If the borrower has a good credit rating, he receives better terms; However, if the credit rating is bad, the bank offers a higher interest rate. But the consumer has a certain influence on the conditions. So he can specify a second borrower, so it comes to an automatic increase in household income. However, the person must live in the same household as the claimant.

Furthermore, the borrower can also assign the typical collateral. These are capital-linked life insurance policies, fixed investments or occupational disability insurance. Such collateral is definitely cheaper than the residual debt insurance, which is repeatedly advertised by banks. The residual debt insurance increases the effective annual interest rate.

Good to know: you may try for online payday loans direct lenders!

If the consumer chooses an online loan without a purpose, the assignment of salary or wage claims is agreed. If there is a purpose – so the consumer decides to buy a car loan because he wants to buy a new car – the vehicle represents safety. This is sometimes the reason why earmarked loans have a lower interest rate.

High data security

Many consumers reject online loans because they are afraid of data misuse. Finally, customers need to provide very personal information when they want to apply for a loan. Above all, the question of what economic conditions prevail, is not gladly answered on the Internet. Above all, because of repeated mention of security holes or hacker attacks.

Of course, banks are taking care of it: banks today use the SSL protocol; There is hardly any other safety precaution that is more effective. The SSL protocol guarantees the encrypted transmission of the data. Only if the appropriate software is available, the receiver can access the transmitted information. The identity of the server is also saved. Again and again, so-called algorithms are played through, which check the server and make sure that no security breaches can occur at all. But how can the consumer know that his data is encrypted? He has to make sure that the domain name of the bank is “https” and not “HTTP”.

But what happens when data misuse actually occurs? Here, too, the banks have already taken precautions and activate the second stage of the security precaution. One variant is the PostIdent procedure. The documents sent to the direct bank must contain a coupon. On the section, the postman notes that he has identified the identity of the customer. Consumers must, therefore, be able to present an official photo ID confirming their identity when they bring the documents to the post office.

Compare the annual interest rate

Collateral and guarantees ultimately ensure that the bank approves the loan application at all. However, it is also important to compare the effective annual interest rates in advance. Only the effective annual interest rate can – in conjunction with the chosen term – at the end of the information, whether it is an expensive or cheap loan offer. The effective annual interest rate consists of the so-called nominal interest rate and the ancillary costs (account maintenance expenses, processing fees). The advantage is that you can find credit comparison portals on the internet that give a quick overview of which banks have the best offers. In addition, consumers also get an overview of whether special repayments or installment breaks are possible.

Good to know: There is a cost limit for the prepayment penalty!

The bank may claim the early repayment penalty if the consumer – before the end of the term – repays the loan. Banks may charge a maximum of 1.0 percent of the outstanding balance, provided that the term is less than one year. If there is an even shorter duration, the limit is 0.5 percent.

The online loan – a step-by-step explanation

The online loan - a step-by-step explanation

1. Determine your credit needs

Before you submit the loan application, you should answer the question of what your actual loan requirements are. Do you want to realize projects – such as the dream holiday – or buy a new car or are they sometimes unforeseen bills that have led to financial bottlenecks?

2. Think of the purpose

Of course, if you are renovating or buying a car, you should also consider loans that have a purpose. Assigned loans are much cheaper, so if you do not need the money for free use, it may be advisable to apply for end-of-life funding.

3. The household bill

Create a household bill. List your regular income and actual expenses. You should also include special payments, such as Christmas or holiday pay, sometimes including child benefit, in the list. It is therefore advisable to use the statements from the past four to nine months so that you can get a good overview of your finances. A household bill not only helps you to determine which loan amount you can afford at the end but also shows the bank what economic conditions exist.

4. The credit comparison

Before you decide on an offer, make a credit comparison. In the beginning, you do not have to enter any data; it is enough if you specify the desired loan amount, the intended duration and sometimes the intended use. You will receive an overview of which loan offers are currently available within a few seconds. However, the offers are presented Harris-neutral. Only then, when you make an application, the Harris query follows.

5. Make the application

You have found the perfect offer? Enter your personal data, add documents – such as the household bill – and get an individual quote. Here already first deviations may be possible. The bank determines the conditions based on the submitted data; Depending on how good or bad your credit rating is, the conditions change in the further process. Specify a second borrower who lives in the same household to improve conditions. Sometimes you can also report a guarantor; the guarantee also ensures improved conditions.

Attention: The indication of the interest rate is subject to a legal regulation!

The interest rates must – according to PAngV – be specified in such a way that 2/3 of all customers also receive the stated conditions. This facilitates the credit comparison and minimizes the risk that the customer will fall for so-called “lock offers”.

6. The application examination

Did you accept the individual application, were identified via the PostIdent process and passed the final exams? The bank agrees to the loan application and worries later in the payment of the requested sum.

7. The payout

If the bank has approved the application, the money will be transferred to your specified current account within seven working days.

If you have opted for a loan, but after a few days you are unsure whether signing the contract was a good idea, you can cancel the contract within 14 days. Please note that you can only withdraw from the contract in writing. You do not have to give a reason! If you have already been paid the money, you must repay the loan amount.

Payday Loan Simulation: How to Simulate a Loan Effectively


Over the years, the demand for credit has gradually increased exponentially thanks to the favorable period of interest rates at historic lows and the greater flexibility of banks and financial institutions in granting payday loans. Making a little dream or the big project you had in mind for some time has become easier thanks to the online presence of lots of useful information to make you more aware and practical simulators that help you choose the best product for you, simplifying your life.

Do you want to find out what steps you need to do and what you need to know to prepare a perfect payday loan simulation ? Then read this guide, in which are described in detail all the steps you need to take as you approach financial products of this type.

Payday loan simulation: preliminary information

Payday loan simulation: preliminary information

You have basically two ways to simulate a personal payday loan: the first is to go to a branch of the credit institution that you have chosen to turn the payday loan on and contact an operator at the counter ; you can alternatively choose to inform yourself privately about the best product for you, collecting information on the net or asking for advice from a qualified specialist. Moreover, many portals on the web allow you to make real comparisons between the companies that offer the best market conditions, allowing you to always choose a cost-effective and sustainable financing to be paid in the future . The portals on the net offer a sufficiently accurate count of the installment that you will have to bear or they often provide general indications on the feasibility of the request, even before starting the entire application process.

How to correctly calculate the payday loan


The installment of a personal payday loan consists of a series of different items, which together contribute to the total amount to be charged monthly to the customer and contain not only the repayment of the amount initially payday loaned, but also all the cost components of the credit spread over its duration. The value that identifies how much it actually costs to maintain the payday loan is called the APEG – annual total effective rate – and within it the fixed costs applied by the banks are incorporated, such as those for the production of periodic statements or for the automatic debit of the installment on the current account.

Together with the APR is considered the TAN – which stands for nominal annual rate – specifically related to the cost of credit for the customer, separated from all other cost items that however impact on the amount of the installment. The monthly payment is simply calculable ; just input all the data required by the simulation form to the video without omitting any of them and the result displayed by the system will already be a first count of the amount that will need to be incurred monthly for the initial credit request, allowing you to plan it better.

The data required to perform a payday loan simulation are the following:

  1. The amount you need to start your project : carefully weighing the choice of the amount to be applied to the financial institution or institute can make the difference between a beneficial payday loan and a very expensive one. Depending on the amounts requested by customers, banks apply different rates. If you are a low credit risk customer, it may be cheaper to opt for smaller amounts of credit solutions or shorter durations to avoid having to pay too much interest to the financial institution.
  2. For how long you are willing to pay the installment : another important data that can significantly change the request for funding and its duration. Often, a very long payday loan is associated with greater risks for the bank not to see the credit returned, so it is understandable that as the duration is extended, the interest rate applied to the credit also increases.
  3. What is your income situation : Your income situation is definitely important for the success of the simulation, which will be more effective the more you will be punctual in entering your income data within the request form. Depending on the type of payday loan requested and its characteristics, the simulation performed may slightly differ from the actual installment that will result from the officially basted practice.

Payday loans with bill of exchange

When it comes to bills of exchange it is almost automatic to think of a historical period of Italy, from the post-war period until the eighties, in which, although not having much liquidity, many families made basic investments, such as buying a house, furniture or a car. All this was possible thanks to the promissory note , a credit title that is a form of guarantee for the recipient.

For example, if you want to buy a valuable item, suppose a table of antiques worth 5 thousand euros, and the buyer is temporarily lacking the total amount, instead of giving up the purchase can subscribe to the bills , setting a deadline of payment , committing to pay the amounts monthly. In this way the seller is covered by a guarantee because, in the event of default, he can pay the payment , while the buyer knows he can fulfill his obligations over a longer or shorter period of time.


For some years now, thanks also to the economic crisis that has hit all sectors of the economy, the bill has been reintroduced again as a payment system allowing everyone to purchase goods or services in a simplified way . The bills are issued by banking institutions with different values ​​and used , for the principle of freedom of form, by direct interesting, so as to create synallagmatic relationships, ie totally equal.

The advantages of payday loans with bills of exchange

The advantages of payday loans with bills of exchange

The bills, in addition to being used for the payment of goods or services, represent a form of guarantee also in case of payday loans. In practice, the applicant requests a certain sum of money, by way of a payday loan, from the financial institution or the reference company , which, by issuing the amount, binds the subject to signing bills of equivalent value, in order to protect future collection. With this technique, the parties are 100% protected against potential non-fulfillment which becomes practically impossible as the main contractor is perfectly aware of having to comply with their obligations on time, under penalty of reporting to the competent authorities on the matter.

The operation of payday loans with bills of exchange is extremely easy, at the preliminary stage, with a meeting at the agency or financial company , the parties exchange information about the amounts requested and payable, trying to satisfy both needs. As soon as the terms are defined, the contract is signed and, at the same time, the applicant also signs the bills that correspond perfectly to the price received on payday loan. On a monthly basis, the payday loan must be repaid in the amount of the installment determined, by making a payment .

Who offers payday loans with bills of exchange

payday loans with bills of exchange are provided only by some financial companies that operate in the sector as it is necessary the intervention of professionals in the field . There are numerous websites where you can view the terms of the contract and the various opportunities for those who are oriented towards this form of payday loan, both personal and entrepreneurial. The credit guarantee allows you to obtain interesting figures that allow you to face expenses even of a certain thickness, impossible by following other channels.

Payday Loans to Protestants and Bad Payers: How They Work and who Supplies them


Payday loans are an excellent way to obtain liquid money aimed at solving problems or buying items necessary for themselves or for the family. Whether you go to the bank, to the reference credit institution, or to appropriate agencies, the person requesting a payday loan is subjected to an investigation to verify its sustainability, that is the real ability to fulfill the obligation to repay the monthly installments.

When the subject in question is inadequate, it is said in jargon that he is protested or a bad payer and until he is able to heal his situation he is unable to contract new debts. Generally speaking, the protested and bad payers are in a position to no longer be able to apply for new credit and therefore find themselves in evident difficulty, for this reason often the spouse or the closest relatives must intervene in his help who can give him new confidence with liquidity.


Since this problem concerns a substantial part of the Italian population , some institutes specialized in this field have also set up a protection network for this category, which allows them to emerge brilliantly from the difficult moment and take back their company and their lives. We are talking about a company as it is above all the entrepreneurs or traders who, running the business risk, come across these problems .

The functioning of payday loans to protested and bad payers

The functioning of payday loans to protested and bad payers

The protested or the bad payer is certainly not a delinquent but it is only a person who, at the time considered, is deprived of the liquidity necessary to close his debt position, for this reason, some agencies or credit institutions, prepare a sort of plan re-entry that allows you to return to an original situation of serenity. First of all, the position of the applicant is analyzed by consultants and experts in the matter, in order to verify the presence of any real guarantees, such as property ownership, or materials, such as ownership of shares or shares.

Having identified the most appropriate form of guarantee, by calculating the solvency, it provides all ‘provision of credit that, in most cases, can be used for the conduct of business or for reasons. The installments are calculated based on the real possibilities of the applicant and do not appear to be burdensome.

Who dispenses these particular payday loans

payday loans for protestors and bad payers are disbursed by certain credit institutions or financial companies that deal specifically with this sector, which, reading the statistics, is constantly increasing. These companies operate with a well-defined intent, occupying a slice of the market that has remained empty and that the major banks, already at the first criticality, tend to close the doors to their customers and depositors, with incalculable damage to the economy.

The reported subjects are therefore to live a paradoxical reality in which, despite having a company or real estate value, no n have sums of cash to close the positions of debt . There are numerous websites that deal with the issue and allow you to download the informative material to expose the various stages and how to join, in every detail.

Payday Loans: What They Are and How to Get them


Payday loans without guarantees have been designed to meet the needs of those who do not have a demonstrable income such as a paycheck , a pension slip or a tax return, which are the basic guarantees to apply for a payday loan . Many believe that not having these guarantees to be able to provide the bank or financial company can not access any payday loan, if you are among them, trust you are wrong, because there are alternative payday loans for people like you and it is payday loans without guarantees.

Obtaining payday loans without basic guarantees is possible, but like all things, this type of financing also needs to be accepted . Do you want to know what they are? Well. The guarantees such as the paycheck and the pension slip are not in your possession, but you need liquidity, at this point you can resort either to the payday loan or to the payday loan with guarantor.

What is a payday loan

What is a payday loan

This type of payday loan can not be changed, as everyone can access, because it is necessary to be the owner of a property like the house and to sign bills of exchange giving as guarantee the seizure of the building itself. By doing so in the event that the sum received is not returned, the bank or the finance company will be able to claim on the house asking for the seizure, after which it will be auctioned and the proceeds will recover the money from the proceeds. This payday loan can not only require those who own a property, but above all those who are certain to be able to pay the bills within the deadline so as not to run the risk of finding themselves homeless. So before requesting it, it is advisable to think carefully about it.

What is the payday loan with guarantor

The other type of payday loan without guarantees is also the most widespread and is known under the name of payday loan with guarantor . The guarantor is a third person, who is in possession of all the guarantees that are missing to you applicant and that is a document of income and in addition it is essential that it is not registered in the register of CRIF as a bad payer and that it is not protested. The guarantor endorses your payday loan request by making available to the bank or finance company its guarantees, so doing in case you do not have to pay one or more installments of the payday loan, the credit institution will be reimbursed by the guarantor, the which will in effect become a direct debtor of the sum disbursed in your favor.

Precisely for this reason nowadays it is increasingly difficult to find a guarantor , but a family member or a trusted friend who knows your seriousness well a hand can always give it to you and to encourage them even more it is always better not to request too high amounts, because the lower the figure, the easier it is for someone to consent to act as guarantor.

payday loans without guarantees: how to choose the best services

You have to take into account that for this type of payday loans the interest rates are much higher than the classic personal payday loans and because it is very simple, the more provable guarantees are, the more risk there is for the credit institution to lose money, the higher rates go up. So to choose the best services for payday loans without guarantees you have to take into account three things:

  1. The TAN , which would be the Nominal Annual Rate, ie the interest you will have to return to the bank, then choose who offers you this lower parameter.
  2. Then you have to take into account the APR , which would be the cost index of all the financing, including expenses for the payment of installments and insurance. Even in this case you should choose who offers you this lower rate.
  3. Finally there is the Insurance Policy , which the credit institution in these cases almost always compels you to stipulate to have at least a sum of money in hand in case you do not finish paying the payday loan in full. This is definitely the one with the highest value also of TAN and TAEG, but often you find it already included in the APR expenses, if instead the institute considers it optional, you must calculate its amount separately and then add it to other expenses.

As you could read, for you that you do not have the basic guarantees it is not impossible to apply for a payday loan, because you can rely on payday loans without guarantees.

Payday Loans for Unemployed: How to Get Online


The recent economic crisis has made it even more difficult to access the credit to people without payroll. If you are unemployed, insecure, housewife or a student, in fact, you will be asked in most cases to offer a guarantee, such as a guarantor or any secondary income such as possession of a property. But how to get a Payday loan for unemployed? And how to do if no guarantees can be given? Let’s find out together!

What are loans for unemployed people

Loans for unemployed people are financial products designed specifically for those who do not have demonstrable work income and who need liquidity. Generally, credit institutions or financial institutions offer a maximum sum of 15 thousand euros and the amortization period does not exceed 5 years. Furthermore, Payday loan applicants must, in most cases, have certain guarantees in order to ensure that they can repay the Payday loan.

The guarantees accepted by banks and finance are generally owned real estate, demonstrable secondary revenue or the presence of guarantors.

Payday loans for unemployed with guarantor

If there is a guarantor there is a greater chance of being able to access the Payday loan. Typically this is a parent, relative or otherwise trustworthy person who shows a solid financial condition. In this case the guarantor becomes responsible for the financing and in case of insolvency he will have to pay.

Payday loans for unemployed persons with assets as collateral

The presence of owned real estate is considered a solid guarantee by the financial and credit institutions. In this case we talk about mortgage Payday loans and the amount of credit depends on the value of the property. In addition to real estate it is also possible to apply for Payday loans on pledge. That is, small Payday loans whose maximum amount varies according to the asset held.

Payday loans for unemployed people without guarantees

As already mentioned, when a Payday loan is requested, any bank or financial institution will ask for a guarantee in order to be able to provide the Payday loan without the risk of insolvency. Fortunately, however, over the last few years the situation has improved somewhat and with regard to small amounts of money it is possible to have a Payday loan without necessarily having a demonstrable income. In this regard, various types of Payday loans are available for unemployed, such as private Payday loans, also called Social Lending.

Payday loan between private individuals

Loan between private individuals

The Payday loan between individuals consists in proposing to the intermediary company a project that will be evaluated with a score. On the basis of the latter an interest rate will be determined and once the project has been approved, whoever will, among private lenders, decide to lend the money. 


Getting a Payday loan for unemployed, therefore, is possible. Obviously, before granting a Payday loan, the banks and financial companies assess the financial position and the risk of insolvency of the applicant well. If possible, therefore, it is better to have a guarantor, otherwise it is advisable to request small sums to the institutions willing to give credit even in the absence of particular guarantees. The important thing is to respect your commitment and show your willingness to pay. In fact, even the banks have had to bend to the economic crisis and as a result are more willing to grant Payday loans to the unemployed than in the past.