September 30, 2019

Online loan or bank loan? – we check for and against

When we suddenly need more money and are unable to take advantage of our own savings or family loans, we need to find other external financing. A bank loan or online loan can guarantee them. Which solution should you choose?   Credit or loan? The financial product referred to as credit is a strictly banking product, i.e. it is granted only by banks and cooperative savings and credit unions. To take a loan, you must submit a credit application or credit unions and agree to verify creditworthiness and creditworthiness at the Credit Information Bureau. Negative entries in the BIK databases usually eliminate the possibility of receiving a loan. Loans up…

September 29, 2019

What is a revolving loan? How to pay it back?

A revolving loan is extremely flexible and can be used for any purpose. We explain how it differs from overdraft and how it works.   Revolving loan – additional funds that you will use repeatedly A revolving loan is a good option when we have a stable source of income, but we need collateral for unforeseen expenses. We can use additional funds almost everywhere, with great flexibility and freedom. What does such a loan consist of and how does it work?   Revolving loan – what is it and what does it consist in? A revolving loan is an individually defined and permanently available sum of funds for the so-called…

September 12, 2019

Loan for self-employed without BWA

  For the self-employed and freelancers, it is usually much harder to get credit from a house bank than to salaried employees. That’s because of having a fixed and regulated income at Self-employed often does not exist. Before a loan approval, the banks require a lot of information, including a so-called business evaluation (BWA). A short outline, what is a BWA? The business evaluation gives, based on the current accounting, an overview of the sales, cost and profit situation of a company in a detailed and meaningful presentation. In addition, the BWA is an important control function because it provides the entrepreneur with an overview of the company’s development and…