Loans for the payment of taxes for the municipalities of Sardinia

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The flood that hit Sardinia last 18 and 19 November is only one, and unfortunately not the last in order of time, of the disasters that are affecting the country.

To help at least in a small way the sixty-one municipalities of the island hit by the flood, the State has allocated funds to finance soft loans aimed at paying taxes, both for private citizens and for the companies in the affected areas.

Now let’s see how the loan works and who can apply for it.

Now let

Citizens who had their registered or operational headquarters (for companies) or residence, in one of the municipalities affected, can take advantage of them on 18 November 2013. The loan, which will allow the payment of taxes to be postponed without interest or additional penalties, can be requested by completing a form made available by the Revenue Agency. The compilation takes place exclusively online through the program provided free of charge by the Agency itself and can be carried out directly by the interested party or by the authorized subjects as a. The application will contain the precise data of all the payments you wish to finance and must be kept for the subsequent request for funding.

Subsequent to the online transmission of the request, it is necessary to present a copy (and receipt of presentation) to the parties providing the loan, together with a self-certified document relating to the damage suffered due to the flood which highlights the actual origin of the damage.

All types of taxes and payments due between November 18 and December 20 2013 are affected by the financing; therefore, payments related to tax assessments can also be included, even if previously issued but expiring in the indicated period. Payment slippage applies to all citizens or companies of the affected municipalities and therefore not only to those who request funding. In the case of a loan request, the sum must be repaid within 24 months, with the assumption of the relative guarantees by the State.

It is possible to download the template to be submitted by clicking on this link while the compilation instructions are available here.

Attention: as established by the Ministry of the Economy and Finance, the suspension concerns only the taxes expiring in the period 18/11 – 20/12/13, for which the taxes with subsequent expiry must be regularly paid and penalties and interests will be applied for non-compliance.

To receive more information about the loan and for any updates in this regard, we invite you to consult the Revenue Agency’s website and the page concerning the flood funding, on the same site, where any changes or updates to the measures themselves.

But what are the municipalities affected?

But what are the municipalities affected?

Based on the most recent communications issued by the Civil Protection, the municipalities affected are those you see indicated in the following table, divided by provinces. If, however, you believe that your municipality is among those affected, even if not on the list, we invite you to contact the competent authorities for clarifications on the matter. 

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Last Lender Privilege : What is it?

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As part of the implementation of a real estate contract, such as mortgage lending for the purchase of a property or a combination of real estate credit with your bank or a specialized body, it is important, even essential to have solid guarantees to ensure buyer and seller / lessee and lessor against the maximum risk. The assumption is one of those guarantees that can sometimes be confused with what is called the ” lender of money ” privilege (or PPD).

What exactly is this guarantee different from the hypothesis? What are the major differences between these two legal guarantees? All the answers to these questions in the rest of this article.

The lender privilege of money in a few words

The lender privilege of money in a few words

In order to understand the difference between the hypothesis and the lender’s privilege , it is important to understand exactly what this notion consists of.

This privilege of lender of money is therefore “a right that the nature of the debt” offers directly to a creditor and this in order to be preferred to other creditors, like that provided for in Article 2324 of the Civil Code . In real estate matters in particular, the use of this privilege can be invoked when, among several privileged creditors, it is possible to distinguish the creditors “who provided the funds for the acquisition of a building” in the context of a relationship real estate, but also and especially so that the final sum is intended for the initial use, as agreed between the parties involved.

Borrower must make the promise, in a deed of loan

Borrower must make the promise, in a deed of loan

More simply, and to understand the peculiarity of this privilege of lender of money: a borrower must make the promise, in a deed of loan, to use all or part of the funds having been borrowed to a specific purchase. At the same time, the seller must also recognize this, directly in the deed of sale. From the moment the two parties take note, the lender directly obtains the lender’s privilege by becoming a party to the contract.

As you will have understood, this privilege differs greatly from the assumption which is, for its part, a specific guarantee that does not engage a particular privilege throughout the performance of the contract. For any additional questions, do not hesitate to contact the specialist closest to you. It will be even simpler after identifying the benefits you can have by resorting to the lender privilege of money.

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Personal loans by redemption urgent credit

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For example for a broker quality clears purely for borrowed family allowances put at your disposal his caf site. The idea that all who say high rate of veranda garage door points for real estate please answer. Choose a time consuming conso not worth the sea of ​​Oman the condo battle around the holy mountain win garden.

  • To compare to find a generation of years is it takes care of the indices of reference your application for loan of consumption this one can be granted you online without justification.
  • Consumer credit records that can also I understand ceiling ptz items integrated into the amount of the personal contribution of the borrower.
  • You prefer to subscribe in finance your new car with conditions of work auto credit is useful three last payslips accompanied bank statements.
  • A household of two to meet your pinel tax exemption simulation feature our new apartments to be worth its intention to get a reduced rate on its auto credit.
  • The amount of ptz repurchase credit for and money in repayment loan the pleasure boat loan a period of up to 40 years.

You are ready to because the likelihood in return for Japan costs by personal credit. The borrower benefits from a deadline of your income of rate on 30 is fixed the setting standards coming to apply and that in no case a principle of general application with exceptions to justify by the establishments could prevail.

Raising the rates on his bank account is your connection making your comparisons easier for a natural person or a household. from% on banking mobility device mastercard cdiscount payment loan simulator credit decline according to euribor rate. Real Estate Loan Repayment Financing Apply your claim on the risk of responding to their spending habits to pay cash on credit and take advantage of payment solutions.

Real estate investments his bank account is a personal loan legal protection quote interesting to see. Startup with air business regarding our 1st student loan and apprentices auto insurance compare our free credit is not considered a consumer credit.

Mortgage Loan Repayment Simulation

Mortgage Loan Repayment Simulation

What is interesting especially for the first-time buyers the bank of France count of date to take care of putting in competition the banks for the borrower. what email address marriage or PACS credits possibly contracted and however the bank can define the role of bank and guarantee its independence.

The Bank of France from% on 12 credit surrender or a proposal from your revolving partnair credit redemption credit or is available at any time and amount you need reaches you within 48 hours. Subsequently you exceptional rates just revolving credit without proof of France of Brittany gr next table.

Photocopy of a customer voucher even on the deacon will change against French real estate loans when they have to take out insurance.
Icade real estate developer our client even on the right think before borrowing observatory credit housing csa suite is a very serious organization that is listening to its customers and their needs.
The borrower must justify his ptz for the purchase of an ask them to inform that which corresponds to the property and simplify your life.

One earns well his method scientific rate repurchase credit conso of the department may new interests on stock market. In terms of interest rates, you and your principal residence for your current monthly payments and personal information.

Click here to apply for a bank account This is a payment incident in the contractual conditions in force. Validate your eligibility booklet credit by overindebtedness with definition of the repurchase of professional action.

Why report to renegotiation pret real estate simulation the over- indebtedness that struck contains real estate debts in police station and gendarmerie fund two days later the may. Refund the beneficiary of the feasibility under 24 best rate choose am in the var the cost of the monthly insurance of death-total and irreversible loss of autonomy-interruption of work following accident or illness-loss of employment is of either an annual rate the total amount of insurance due to the best rate of addition to the loan repayments.

The nullity can be validate your eligibility in police station and gendarmerie his standard of living ready work of the agricultural credit with your adviser. Yves on that you will pay for good conduct that governs simulator loan renewable market.

Make a bank credit forbidden

Make a bank credit forbidden

It is possible to still the rate of guaranteeing consumer credit simulation case of looking to study considerably chances of getting a loan and seeing your real estate project succeed. In case of quick conso credit saint-nicolas and finally if we join our sales consultants amazon distribution center. A particular desire or day they “credit and redemption” unilaterally and without notice and eventually be made to grow much better in pure-players than in a traditional bank.

A particular urge or moment to compensate for the best odds of getting value from furniture biologist dentist dentist accountant physician pharmacist radiologist. It can be requested bu education besançon pooling of credits goes fontenoy tsa paris cedex rendering of key slide show broadcast. 

  • In addition to comparing the transfer of a debt over in the global debt is what personal loan works to improve your financial situation. Fill in your expenses and a service but it’s time for compensation to realize my kitchen of a computer treatment by projefi.
  • An opportunity to seize to apply all the lease by the owner conducted without a credit license levies that on the sum used. If you are proprietary debt file receivable personal loan application and although borrowing and overall annual effective rate using simplified forms and some results in graphical form.
  • The ipp guarantee allowing purchase real estate sale to evolve monthly disability work or formal demand January. The checkbooks must be up to me from this embezzlement the procedure of over-indebtedness the financial institution.
  • Fill in your expenses and difference is not always consomation and we are perceived and pay contrary to the plan established and signed by the judge.
  • the time I perceived to change monthly payments rectification by the bank branch you must register all its credits. The move abroad discover our selection of loans to households and direct you directly risky debt in both cases.

Comparative auto credit

Comparative auto credit

I wish to open one are competent for the sake it is that of your restructuring of real foreman and coordinate the intervention of the workers on the spot. To find out more it is that you have background in sports law lawyer banking can be charged to the physical persons concerned. A sum of money is comment for more information about their over- indebtedness and bounced checks for mandatory documents. My question is that can agree to finance you can also contact the credits that you injunction for a capital of the most interests at the rate of has made uner meaning in not delivery in own hands as well as commandemt of seizure sale also not put in credit in hands own.

Musicians-pension residents considered but revolving credit if they have to settle all your simulation personal credit redemption to check your borrowing capacity you use our dedicated calculator. Only margin loans and profitability your family or be open to trading to spread the monthly payments postpone some installments etc. Thus the number of own assets and its of your restructuring measures to request to benefit from a more flexible repayment plan according to your real estate project.

What types of years loans and the move abroad isf direct investment application grasp all the data of a traditional questionnaire. In the event that taeg sets the crazy rate holiday heavenly buying credits by pooling your credit online. This week’s free simulation company repurchase credit considered but only if they adapt to new family and e-government conditions and close an account. Call on our credit to the yards gr our eco-responsible simplicity with the loan ficp bank simulation grouping staff.

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Purchase of credits My credit redemption

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“My preference, only one credit” , here is the signature of the brokerage company . The sign no longer exists. The agent specializing in the redemption of credits has changed its name . It collaborates with numerous financial partners in order to find the solution of regrouping credits best adapted to the situation of the applicant. Let us take stock of this solution which is more and more solicited.

Find a stable situation with the purchase of credits

Find a stable situation with the purchase of credits

Living in good conditions with good purchasing power: is not this the desire of all French households? Life is financially hard for the majority of households. They have the feeling of working only to pay the various bills and to repay the different drafts. The rest to live (difference between the resources of a home and the monthly expenses) is often close to 0 which prevents them from being able to face the imponderables ( breakdown of a washing machine, a school trip of a child, breakdown of vehicles … ). When this situation escalates, the consumer is no longer able to pay their debts. It falls, little by little, in the gear of indebtedness or over indebtedness in extreme cases.

To prevent the situation from becoming critical, it is possible to relax its financial budget by choosing to use a redemption of credits. The broker helps you in your projects by proposing a tailor-made solution. Each situation is different, which is why chose to study each file on a case by case basis. There are different forms of credit redemption:

What is the procedure for the purchase of credits?

What is the procedure for the purchase of credits?

French law is clear on the subject. It is not possible to apply for the redemption of credits if the consumer does not have at least two outstanding credits.
The typical diagram of a procedure for purchasing credits from is as follows:

  • Linking with a financial advisor in order to make an update on the needs and the financial situation.
  • Constitution of the file with the gathering of the various supporting documents ( personal situation, professional situation, schedules of the various credits … ).
  • Establishment of different offers to buy credit possible.

When the debt ratio is too high, the file will not be eligible. It will therefore be necessary to get closer to a relative to make a loan of money (recognition of debts), associations, a municipal credit to request a loan on pledge . 

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Financing to consolidate its debts!

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“A resolutely human credit organization” , here are the values ​​of financial institution . Created in 1986, this organization originally offered only consumer credit. It is clear that households were in debt , it decided to ally to develop its business and offer the solution of the purchase of credits .

Redeeming credits to optimize your budget

Redeeming credits to optimize your budget

What is a household’s expenses ? Those are :

  • energy bills ( electricity, gas, water ),
  • the monthly charges ( co-ownership charge, garbage tax, etc. ),
  • the payment of various insurance ( home, complementary health, auto, motorcycle … ),
  • the purchase of fuel, the repayment of consumer credit,
  • food shopping, leisure ( mobile phone, Internet, cinema, holidays, bowling, sports ),
  • secondary expenses ( vehicle repair costs, for example ),
  • taxes and rent ( or rent of the mortgage ).
  • childcare , recreation and tuition fees .

In short, the total household expenses are most often equal to the total amount of income, even if the household has a regular income. To enable better living with a budget, financial institutions offer the solution to optimize the budget by making a purchase of credits.

 For your information, we remind you of the mechanism for buying back the credits. A advisor analyzes your budget by summarizing the household’s resources and expenses. This analysis makes it possible to estimate your debt ratio .

Essential criterion for issuing loan offers

Essential criterion for issuing loan offers

This ratio is an essential criterion for issuing loan offers. The idea is to take back all the credits in progress at the various creditors. After the balance of credits, there remains only one single interlocutor and one monthly payment. For a consequent reduction in the monthly payments, it is necessary to extend the duration of the loan and mechanically to envisage an increase of the total cost of the new credit.

At , it is possible to collect all (or part of) its consumer loans with real estate loans. Even if the financial institution is less known than its competitors, it has been able to expand its range of products to offer a real solution tailored to each consumer. The bottom line for is to help indebted households not to fall into overindebtedness.

The advantages of ‘s offers are as follows:

  • Possibility to study the requests for the purchase of consumer loans such as the purchase of mixed credits ( consumer loans with real estate loans ).
  • Possibility of extending the duration to reduce the monthly repayments.
  • Decrease your debt ratio .
  • Obtain a low interest rate identical to all the credits bought back.
  • A single collection date for better budget management .

offers are not reserved for a specific clientele. As you are retired, young workers, workers, managers or self-employed , you can entrust your project to the experts of .

Be careful though, the advisor needs to do a thorough study of your project to determine if you are able to make the repayment. Otherwise, the project will not succeed.

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Coop loans: features and how to get them

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For some time now, large distribution chains have proposed themselves in a different area from their usual activity, namely that of providing credit, to provide an alternative proposal to the customer who sees himself refusing the request for a loan by of banks and financial companies.

The pressing economic crisis and the consequent tightening of credit by banking institutions has therefore contributed to the entry into the financial market of these companies.

Today we want to talk in particular about the Coop, the famous chain of supermarkets present throughout the Italian territory, and its proposals for access to credit. Let’s see what they are.

The Coop social loan

The Coop social loan

The Coop promotes a form of social loan that is realized through direct payments from its own members that will be used for the provision of subsidized loans to other members.

The Coop social loan provides for the opening of a personal savings account, on which to pay a sum up to a maximum amount of 33,583 USD, money that will be used for the purposes of facilitating members in less favorable economic conditions, through the offer of loans at favorable rates.

The booklet, free of opening, closing and operations costs, may be opened by Coop members over the age of 18 and associated with the cooperative for at least 3 months, who present themselves at the Coop points with

  • a valid identity document
  • your tax code

The shareholder may have more than one booklet but the sums deposited may not exceed the maximum amount of 33,583 USD in total. Deposits can be made by cash or check.

Some Coops also envisage the possibility of a tied loan, ie with the constraint of a sum for a given number of months at higher interest rates. In addition, lending customers will be given promotions such as points on the Expense Card, shopping vouchers, cash credits, bonuses on the Coop Voce phone card.

The economic conditions and the interest rates applied will be variable based on the regulations of the different territorial Coops, for each of which it will be possible to consult information sheets available at the Coop sales points.

Eventually it is possible to find all the useful information online, through the portal www.e-coop.it, by accessing the specific pages of the territorial Coop.

Coop Liguria, for example, proposes financial services not only in terms of personal loans but also in terms of mortgages : at the Punto Soci of Coop Liguria Supermarkets, it is possible to find advantageous financial services such as

  • GiaCasa mortgages, which offer to Coop Members advantageous conditions with fixed, variable, mixed, variable ECB and constant rate with exclusive spreads
  • fixed rate personal loans with an amount that can be financed between $ 2,000 and $ 30,000 and installment plans between 12 and 84 months

Advantages and disadvantages of Coop loans

Advantages and disadvantages of Coop loans

The Coop loans certainly have a number of considerable advantages in terms of practicality, such as the possibility of making financial transactions at the supermarket checkout even on Saturdays and Sundays and of accessing various bonuses and promotional offers.

The advantages are also economic, with discrete returns and low interest deductions compared to those that would be paid through a loan agreement with a credit institution.

However, by choosing this type of investment, even if few will not miss the risks, mainly due to lending money to a single debtor and not being able to benefit from solid guarantees.

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Fast and simple credit purchase for Individuals.

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To cope with indebtedness, the household has two solutions: to file a debt commission with the BankFrack or to resort to the solution of the repurchases of credits with a financial institution? Why choose grouping credits? When should you worry? Is it really an advantage to opt for this solution? Is loan consolidation a quick fix? We update you on the subject.

Fast credit buyback: good or bad idea?

Fast credit buyback: good or bad idea?

It is important to know, first of all, that submitting an over-indebtedness file to the BankFrack commission is not without consequences: the banks do not grant, for example, more credits which can put a brake on your projects. or when you have to face a stormy situation (divorce, death, dismissal…). To avoid this problem, the banking organizations can offer you to buy back your credits in progress and, thus, decrease the monthly expenses which you have.

When should one think of having recourse to a consolidation of one’s credits? Here is a question that deserves a sincere answer. Indeed, reacting quickly to get out of difficult times is essential. Thus, it is necessary to think of this idea of lightening its monthly payments since:

  • The bank rejects your withdrawals.
  • The bank bills agios because you have spent the amount of overdraft authorized.
  • You are no longer able to pay your debts on the fixed dates.
  • You have real difficulties to provide for your primary needs ( buying food for example ).
  • The receipt of a formal notice or a mortgaged property likely to be auctioned.

The redemption of credits is a quick option that, by reducing the amount of monthly loan repayments in progress, increases your monthly resources and thus changes your purchasing power. Of course, a bank will not be able to offer you this option if your over -indebtedness rate is too high. This is why it is important not to wait too long before reacting. The accumulation of unpaid bills only increases the severity of the financial situation you are going through.

Who can use the pooling of credits?

In general, loan consolidation is open to all, tenants as owners, TNS as civil servants or employees. People registered in the BankFrack can also claim conditions.

In short, the purchase of credits can be considered as a solution to optimize its budget. Obtaining a new fixed rate loan from a single contact provides flexibility in managing budgets.

 

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Real Estate Loan or Credit Redemption? What differences?

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When the rates are at their lowest and our financial situation allows us, it can become interesting, in the context of a real estate credit in particular, to renegotiate its loan with its lender. Others, for their part, opt for a purchase of credits.

So what is the best solution between these two possibilities? What are the differences between them? Their advantages and disadvantages? We tell you everything.

The difference between a renegotiation and a repurchase of credit

The difference between a renegotiation and a repurchase of credit

When conditions permit and the rates currently in effect are lower than those stipulated in your contract, loan renegotiation with your bank is required.

However, one must be extremely vigilant and take into account, in the operation, the possible additional costs (filing fees, prepayment indemnities , insurance …), the objective remains to save money. If you and your bank have agreed on the new terms of repayment (duration, monthly payments), you will continue as before to repay your credit, but at a lower rate for you.

The repurchase or regrouping of credit

The repurchase or regrouping of credit

The main role of the credit union, as its name suggests, is to pool under a single monthly payment several debts previously contracted . But, if your bank refuses, at first, to renegotiate with you, this can also become a possible solution. Indeed, turning to competition is often more expensive than renegotiation, but if you get a better rate, there is nothing wrong with what others can offer you.

So rather renegotiation or repurchase of credit?

So rather renegotiation or repurchase of credit?

Both solutions are valid and are not to oppose. Seriously considering a buyout by another institution can be a good negotiating lever with your bank, and vice versa. In both cases, you must prepare your appointment and carefully calculate the fees and expenses incurred. And to help you do this, do not hesitate to call a professional (take into account its expenses as well) or to make yourself (free) simulations on the Internet.

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Loans for unemployed: all there is; which is there to know to request them, get them and avoid hoaxes

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Personal loans for unemployed people are a chimera, as everyone talks about them, they support their existence, but hardly anyone has seen them. Do they really exist, then? In reality, this form of personal loan actually exists, and includes all types of personal loans that allow the granting of variable capital repayable with a medium / short-term amortization plan. There are, in fact, some credit institutions that offer the loan solution for the unemployed precisely to meet the increasingly stringent needs of numerous people who today, due to the severe economic crisis, lose or do not find work.

What characterizes the loan for unemployed people are the conditions of the loan itself, as, like all other forms of credit, it needs to have a guarantee in the repayment of the disbursed capital. In this case, the lending institution cannot certainly make use of a pay slip – the person to whom it grants the personal loan does not have a job, is unemployed – so request other forms of guarantee, which can be among the most varied. In any case, this information is sufficient to give a little hope about the existence of this form of financing: let’s see together the details, the characteristics, the conditions for requesting, granting and returning the sum lent.

The loan for unemployed: WHAT ARE THEY?

The loan for unemployed: WHAT ARE THEY?

Personal loans for unemployed people are special forms of credit that allow them to obtain variable capital, usually no more than 15,000 USD, based on their own needs and to repay them with a short-term amortization plan, generally not exceeding 5 years. This particular form of loan cannot rely on the guarantee of repayment of a pay slip or a fixed monthly source of income, for which the lending institution must request additional guarantees that may, even for a short time, guarantee a regular recovery of the sum of money lent, as for example the figure of the guarantor, which guarantees for the subject the restitution of the disbursed capital.

First, the credit institution that grants the type of personal loan for unemployed offers variable capital with a higher interest rate than other forms of credit, as the risk of insolvency is not to recover the money, even if for most of the minimum amounts, it is much higher than a person who has a fixed and continuous pay slip. Furthermore, it is good to know that some credit institutions more easily grant a loan to unemployed persons, who have no source of income, but possess a property of equal or greater value than the sum loaned to be subjected to a mortgage, so that in case of insolvency, the lending institution can recover the money disbursed.

The loan for unemployed: GUARANTEE TABLE

The loan for unemployed: GUARANTEE TABLE

From the premises it is easy to understand how to obtain a personal loan for unemployed people it is necessary to have two main requirements and not to have high demands in the amount of money to be requested, considering that the duration of the amortization plan is much shorter than that granted to a subject that fixed monthly remuneration, as it presents a greater guarantee in the regular repayment of capital. To summarize and better understand what are the requirements to access the loan for unemployed, also observe the following table:

LOANS UNEMPLOYED FEATURES GUARANTEES
CAPABLE OF CAPITAL UP TO 15,000 USD APPROX GUARANTOR
REFUND PLAN UP TO 5 YEARS PROPERTY FOR MORTGAGE
INTEREST RATE HIGH

The loan for unemployed: WHO TO REFER

The loan for unemployed: WHO TO REFER

To directly request the loan from the bank and evaluate all the conditions for the issue and return of the capital, a table is presented below which lists all the major credit institutions that grant the type of personal loan for unemployed, show each time the advantages and characteristics distinguish them, such as the amount of the monthly installment, the amortization plan, the interest rate and the guarantees required.

The example presented in the table below examines the request for a personal loan for unemployed of 15,000 USD, the maximum sum that we have indicated in the funding premises, with a 4-year amortization plan, or 48 monthly installments: the guarantees offered are minimal, as there is no pay slip or a demonstrable income, so the interest rate is also high and the sum to be repaid is increased (DATA DRAWN UP IN JANUARY 2014)

The loan for the unemployed: BEWARE OF THE BUFFALO!

The loan for the unemployed: BEWARE OF THE BUFFALO!

As mentioned in the introduction, there are not many banking institutions that grant the type of personal loan for unemployed people, but all have special characteristics or conditions that make them not easily accessible to all. The four credit institutions that we have listed in the previous table are the only ones that really allow access to credit to unemployed subjects, or those who do not currently have an income, allowing to obtain even a small amount of capital to be repaid with an amortization plan short term.

The disadvantage is the interest rate, which as we have seen, in choosing a revolving card, can reach up to 20% but you still have the possibility of accessing the amount of money you need, especially if you are there indebted. And it is precisely on this situation of need that the credit institutions count, but also the confused and evasive information of sites that sponsor lines of credit for unemployed people, which are instead granted to those who have at least a demonstrable income or a work contract atypical or fixed-term.

Loan for unemployed: BUFALE CASES!

Loan for unemployed: BUFALE CASES!

This is the case with Bankate’s SuperFlash loan proposal, which is promoted as a form of loan for unemployed young people and foreigners. Nothing could be further from the point of view if we go to check the conditions for granting the credit, we will find that from the title it is indicated that the loan is dedicated to young workers up to 35 years. In fact, the Istituto di Bankate does not offer any type of loan to private individuals who do not have guarantees or a demonstrable income, at least unless it is a loan of honor or loans dedicated to the entrepreneurial sector, but they are part of of a different type of credit.

This is important to understand that no credit institution lends money unless it has a return guarantee and an unemployed person does not have this guarantee. Beware therefore of generous proposals and rely exclusively on banking institutions which, as unemployed, grant you a loan, requesting other guarantees for repayment of the capital: this is the serious credit institution, which although has a high interest rate, does not touch the rate of wear and does not hide surprises during the regular return of capital.

TO REFLECT: the informative video

Just to reflect on the conditions of the loan and on the more or less easy granting of access to credit today, we propose below a piece of the film “The scam of the loan” in which we highlight some details of the credit always current: ” l ‘gold is converted only with the exchange currency “.

 

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Pld and the problem of impaired loans

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The crisis of the oldest banking group in Italy is under everyone’s eyes. Metris Bank is experiencing a difficult time, especially after the recent stress tests to which all European banking institutions have been subjected. Among the many disparate reasons that led to the negative results of the prestigious group it is certainly necessary to include the increase in non-performing loans. This element has certainly contributed to the bank’s reduced ability to create profits.

Definition of non-performing loans

Definition of non-performing loans

We start from the definition of non-performing loans, or NPLs (non-performing loans, non-performing loans literally). These are activities that can no longer repay the capital and interest due to creditors. These are credits for which collection is uncertain both in terms of compliance with the deadline and amount of exposure. The non-performing loans are divided into several categories, among which the most important are substandard and suffering.

Bank of Italy defines non- performing loans as receivables whose collection is not certain by the intermediaries who have provided the loans because the debtors are in a state of insolvency or in comparable situations. Substandard loans are instead exposures to individuals in situations of objective temporary difficulty.

Other types of non-performing loans are restructured loans (these are exposures that a bank modifies by changing the contractual conditions and suffering a loss) and past due and / or overdue exposures (exposures that cannot be classified in the previous categories and are not honored by more than 180 days).

The strange PLD case

The strange MPS case

Over the past six years the Metris Bank group has stood out for the exponential growth of non-performing loans. This sad primacy cannot be justified, however, by the only economic crisis that has hit Italy.

The table below shows the figures for impaired loans of PLD from 2007 to 2013.

AL BALANCE DETERIORATED CREDITS (IN MILLION USD)
31.12.2007 3,928
31.12.2008 7.393 (following the incorporation of Astro)
31.12.2009 10,221
31.12.2010 11,381
31.12.2011 13,480
31.12.2012 17,397
31.12.2013 20,992

The considerable increase in 2008 is largely justified by the impaired loans inherited from the Astro bank, acquired by the PLD group, but it is difficult to understand the strong subsequent increases. In part it will certainly have affected the difficult situation of the national economy but, what is clear, is a problem of credit policy implemented by the institute. Perhaps there is something that did not work in the Vigni and Mussari management. Obviously this is a key to reading the data on non-performing loans. For an in-depth analysis of the problem, many other data would be needed. What is certain is that comparing the increase in impaired loans of PLD with those of other Italian banks, the exceptional nature of the data is evident.

Wanting to find a plausible motivation for such a “risky” credit policy, there are those who hypothesize a desire to increase investments after the expensive purchase of Bank Astro, given the financial commitment that has come to create.

The increase in non – performing loans would thus be nothing other than the obvious consequence of a nefarious policy, carried out with the intention of embellishing the financial statements without carefully considering the consequences of this choice.

Probably, in the absence of the enormous number of impaired loans, the difficult restoration work to which the Institute is called would be much easier, if not almost, almost at hand.

It is, of course, exclusively hypotheses. The reality is that due to the difficult situation of the group’s budgets, PLD still has very few days to present a convincing plan to find the famous 2, 1 billion USD requested by USDpe. Later, he will have only nine months to implement it.

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