cnpsmb.org http://www.cnpsmb.org My WordPress Blog Thu, 14 Mar 2019 16:52:19 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.1 Debt Rescheduling Despite Poor Creditworthiness – Get It Right http://www.cnpsmb.org/2019/03/14/debt-rescheduling-despite-poor-creditworthiness-get-it-right/ http://www.cnpsmb.org/2019/03/14/debt-rescheduling-despite-poor-creditworthiness-get-it-right/#respond Thu, 14 Mar 2019 16:52:19 +0000 http://www.cnpsmb.org/2019/03/14/debt-rescheduling-despite-poor-creditworthiness-get-it-right/ Read More]]>

 

A debt restructuring despite poor creditworthiness is a wish that many sufferers have. After all, the debt restructuring can ensure that the financial problems are getting under control again. But where are there any worthwhile offers that allow a rescheduling despite poor credit rating?

A bad credit rating – small good starting position

The starting point for receiving a loan could hardly be less favorable with a bad credit rating. It shows that there must be massive financial problems. Among other things, they could show up in the current credit and debt policy that the person concerned is pursuing. However, it may also be that there is no income, which keeps the credit rating at a low level.

No matter what reasons for the bad credit rating are also present. They have to be compensated for, so that a borrowing can be possible. At best, speedy, so that the situation does not worsen even further.

Why a debt restructuring?

Why a debt restructuring?

A rescheduling is in most cases the saving anchor from a financial situation. Many debts have accumulated in various places that can not be controlled in the traditional way. Often, a rescheduling but also sought to provide an existing credit with more favorable terms. In general, rescheduling should improve the current situation. This always succeeds if a firm plan is used.

Check all liabilities

For a rescheduling despite bad creditworthiness must be seen in the first step, how many outstanding liabilities exist. It is important that even small amounts are collected. A rescheduling should always bring a relief. However, this only works if only one creditor is available at the end, which can then be negotiated individually. Namely, the repayment of the credit, which has arisen due to the rescheduling despite poor credit rating.

Once all liabilities have been compiled, it must be considered whether they allow a debt rescheduling. In the case of loans, a free special repayment or free early repayment should have been agreed in the credit agreement. Otherwise, the rescheduling will be associated with high cost despite poor credit rating.

If debts of other nature have accumulated, it must be considered whether there are already agreements with the creditors. If so, they must be flexible enough to allow early repayment of the full debt burden.

Seek and record credit

Due to the poor credit rating, it is relatively difficult to find a good loan offer for debt restructuring. It should therefore be thought about taking the required credit with the help of a guarantor. This allows the use of regular loan offers, which significantly reduces a time-consuming search for suitable offers. In such a case, you can search for suitable loan offers with the help of our loan calculator.

If you want to work without guarantors, then it is recommended to use the private loan portals. There, loans are provided by private lenders, but only then agree to borrow, if the hedge fits. A bad credit rating therefore always calls for assistance in borrowing. With a solvent guarantor this would be made quickly.

What should be considered?

What should be considered?

It is important that the new loan for debt restructuring is taken up first, despite the bad credit rating. The dissolution of the old liabilities can only happen afterwards. This approach avoids a financing gap that could, in the worst case, lead to far-reaching financial problems.

If a suitable loan offer could be found, the debt restructuring should be carried out swiftly. This is the only way to avoid unnecessary interest charges due to the old liabilities and it can sometimes save a lot of money.

Many credit institutions now offer to transfer the money from the new loan directly to the creditors. So you do not have to worry about it, but you can be sure that everything will be done correctly. A service that is thoroughly recommended.

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Avoid Debt Consolidation interest: Securing the Future with a Forward Loan http://www.cnpsmb.org/2019/02/25/avoid-debt-consolidation-interest-securing-the-future-with-a-forward-loan/ http://www.cnpsmb.org/2019/02/25/avoid-debt-consolidation-interest-securing-the-future-with-a-forward-loan/#respond Mon, 25 Feb 2019 03:56:14 +0000 http://www.cnpsmb.org/2019/02/25/avoid-debt-consolidation-interest-securing-the-future-with-a-forward-loan/ Read More]]>

When it comes to real estate financing, one speaks again and again of the so-called forward loans. But what exactly are forward loans and for whom is it worthwhile to conclude such?

In order to properly use a forward loan for personal mortgage lending, it is important to know how this loan works.

Interest rate hedging through forward loans

The basic idea behind a forward loan is interest rate hedging in the future. Anyone who signs a forward loan today can hedge the currently prevailing interest rate for up to five years. In practice, this means the following: Today a forward loan with a term of 24 months is completed. During this time, the customer pays no commitment interest, but only a small interest charge on the current interest. However, the repayment costs for the forward loan do not accrue until payment to the customer. After the two years of deployment, the entire loan amount is paid out and the customer only has to pay the amount of interest that was previously paid.

For whom is the conclusion of a forward loan worthwhile?

Forward loans are mainly concluded for follow-up financing and at low interest rates. Especially in times of low interest rates, it makes sense to hedge this for the future. Therefore, if you are already in possession of mortgage lending and it expires in two to three years but must be refinanced, you should consider making a forward loan. Securing interest rates for the future today means for the customer that no interest rate increase is to be expected despite rising interest rates. On average, when forward loans are issued, interest rates of approximately 0.7% are charged. However, if a higher increase in interest rates is expected, it makes sense to pay this premium for interest rate hedging.

Risks of forward loans

The only risk the customer possesses is a further reduction in interest rates. If the customer had hedged the current prevailing interest rate for the future, but the interest rates would continue to fall, it would be better in a few years to take out a loan at the prevailing interest rate level. Therefore, forward loans should only be concluded over a period of 6-24 months, since a realistic assessment of the further development of interest rates can be made here. For a longer period, an estimate is usually inaccurate, so it may be that the customer then has to pay higher interest costs.

Forward loan can only be used for real estate acquisition

Anyone who thinks that such an interest rate hedge would make sense, it should be said that forward loans can only be used for real estate loans, ie for loans that are secured by land register entries. For those who currently have a real estate investment or a real estate loan expiring in the future, it is currently particularly interesting to hedge a forward loan. For a few years, there has been an extremely low level of interest rates, which will certainly rise again in the future. So why not react quickly and secure the current interest rates for the future? With a forward loan, this is fast and easy.

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Gandalf Debt Consolidation http://www.cnpsmb.org/2019/01/27/gandalf-debt-consolidation/ http://www.cnpsmb.org/2019/01/27/gandalf-debt-consolidation/#respond Sun, 27 Jan 2019 16:49:48 +0000 http://www.cnpsmb.org/2019/01/27/gandalf-debt-consolidation/ Read More]]>

The Gandalf Consolidación range is a savings and investment solution designed to preserve at least % of the initial investment , increasing that level as profitability is achieved. To achieve this profitability, it has the diversification between different asset classes that are managed dynamically by a highly qualified team. The minimum target price and the preservation percentage of each client are always known. This range benefits from the tax advantages of investment funds. Next, we detail the characteristics of the fund and the plan that make up the Gandalf Consolidation range.

Gandalf Consolidation Fund

The objective of unsecured profitability of this fund is to ensure that the daily net asset value is not less than % of the historical maximum reached. It is a mixed international equity fund. It invests in assets with high risk such as variable income, emerging or low quality fixed income in search of profitability, combined with other assets of lower risk, such as short-term fixed income, to control the total risk of the portfolio and be able to comply with the profitability objective. Seeks to consolidate the target net asset value , being unable to obtain profitability or even losses. Depending on the degree reached in terms of coverage of the objective, the weight of the highest risk assets will vary. If the market circumstances are particularly adverse, the fund could be invested almost exclusively in very low risk and profitability assets. The maximum exposure to equities will be 60%. Investment in currencies other than the euro can reach a maximum of 50% of the portfolio. It is rated on the risk scale of financial products with a 5 (medium-high) and the recommended investment horizon is at least two years.

Gandalf Consolidation Plan

To complete the Gandalf consolidation range, the pension plan with the same name was launched, due to its vocation to control portfolio risks and consolidate long-term profits. It is an international mixed equity pension plan, which can invest between 0 and 60% of the assets in equities. What is sought is to maximize profitability in the medium term, with investments always subject to the objective of unsecured consolidation, which consists in that the daily net asset value is not less than % of the maximum historical liquidation value that has been reached. Its rating is 5 out of 7 on the risk scale.

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