Foreclosure – meaning for home loans

Considerable financial residual risk for debtors

Considerable financial residual risk for debtors

Enforcement serves to satisfy creditors’ claims. In connection with a house loan, this takes the form of a forced auction. Enforcement is usually the result of a failure to pay for the loan installments and a considerable financial residual risk for debtors. An assessment at

Financial rsik for debtors can affect the status of loan when application is made. Better to make careful analysis on the risk prior to loan application process.

Banks secure themselves as lenders

Banks secure themselves as lenders

In this case, the banks secure themselves as lenders through the mortgages. If the debtor falls into arrears and is no longer able to pay installments, they can satisfy claims via the land charge. Real estate liens such as mortgages and mortgages are standard elements in lending today.

Termination of the loan and the land charge in advance.

For the auction of the property through the district court, the value is then determined by an expert. In the next step, the responsible enforcement court will set the date of the foreclosure and carry it out in accordance with the applicable legal framework.

Home loan quick comparison

Home loan quick comparison

Bank to ultimately settle the outstanding receivables through credit security. For the former borrower, however, enforcement in practice does not mean freedom from debt.

Basically, the sales proceeds that can be obtained from a property are based on:

  • location
  • Furnishing
  • Spatial planning etc.

In combination with the offer on the market, these factors can lead to the fact that the sales proceeds from the foreclosure are lower than the remaining amount for the loan. The flight zones of a nearby airport are changed – and lead over the house. The resulting increased noise pollution reduces the value of the property.

As a result, the compulsory auction covers only part of the remaining amount from the house loan. The borrower takes liabilities from the enforcement.

Loan for probation officers – Many option!

As a rule, civil servants are initially employed on a trial basis, which means that within the probation period of 1 to 2 years they should prove to be suitable and capable in their profession. After the expiry of this period, the civil servants are given a probationary service for life if their employer considers them to be suitable. The vast majority of probationary officials are hired as permanent civil servants and thus have a secure job and guaranteed income.

Applicant has a clean private credit checker

Loan for probation officers - many options

Since there is a high likelihood that a probationary official will be included in the civil servant relationship for life, and if that should not be the case, he (or she) remains in the employment relationship, the clients who are on duty as probation officials have are a good chance of getting a loan. However, banks are legally obliged to check customer creditworthiness. private credit checker information is obtained and it is of course important that the applicant has a clean private credit checker. With a higher loan amount, collateral such as real estate can also play a positive role.

Where can I get a trial officer loan?

Where can I get a trial officer loan?

Loan for probation officers can be applied for in a bank branch. It is important to know your own rights as a borrower and, for example, to know that a residual credit insurance does not necessarily have to be taken out. This insurance makes a loan rather expensive, and many credit advisors in bank branches are trying to force this insurance on their customers. In addition, the borrower who turns to a bank branch often lacks a comparison with other banks. Therefore, it is advisable to search online for cheap loan providers from the major comparison portals.

On the Internet, numerous offers are clearly displayed side by side, so that the comparison is not difficult. Most providers are reputable companies, but there are also “black sheep” on the Internet with the direct banks. It is therefore advisable to read the “small print” below the offer so that, for example, you do not have to pay overpriced processing fees afterwards. The processing of the loan application at the direct banks only takes a day or two and you can get a loan approval for probation officers.

Credit for funeral expenses.


If you don’t get a funeral loan from the house bank, you can still organize a dignified funeral. With private donors and banks abroad, the creditworthiness does not have to be proven, provided you rely on a loan without private credit checker examination and look for a suitable offer on the free financial market.

The variety is enormous, so that at first glance you will not find any transparency. But this can also be created because you can use a real-time comparison of the credit for funeral expenses free of charge and thus get the necessary overview on the free financial market.

What to look for compared to funeral home loan

What to look for compared to funeral home loan

Despite the deepest grief and great hurry, it is not advisable to choose the first loan and avoid a comparison. In the free credit comparison online, the consumer recognizes which model he is using to make the right decision and chooses both low interest rates and flexible contractual terms. Because the low interest rate alone is of little use if there are changes in the financial background during the term. A loan can become extremely expensive if it is not flexible and therefore cannot be repaid, or cannot be changed without high fees.

Since you do not know what the borrower needs in the term, you should keep the option to defer or reduce the installments and choose a loan for funeral expenses with flexible framework conditions. After a few seconds you can see in comparison which offer meets the personal criteria and, in its entirety, appeals as a convincing and very inexpensive offer with unbureaucratic processing.

Collateral for the funeral loan

Collateral for the funeral loan

The creditworthiness does not matter, but the applicant must also provide security on the free financial market. This is to be specified directly in the application, so it is best to decide in advance for a form of protection. Possessions and insurances with capital formation, savings investments and contracts come into question, which correspond in financial value to the requested loan and are therefore a real security. Those who do not have real assets or do not want to transfer them to the lender can use a guarantee or secure the loan through a second applicant.

If you combine a guarantee with a flexible contract, you not only lower your own but also the risks of the guarantor and will quickly find a family member, friend or colleague for the guarantee. If there is a change in the budget, the repayment can be adjusted at any time, which means that the debtor is not in arrears and therefore the surety cannot be held liable.

Anyone looking for a funeral loan on the free financial market will find what they want in terms of amount and performance. It is all the easier to choose a tailor-made model and to leave out compromises. A worthy funeral does not depend on the creditworthiness, which means that all consumers have a chance at the loan and can thus provide the last honor and appreciation for their deceased loved ones. A comparison increases security and allows an offer to be preferred that in its entirety meets the requirements and possibilities of the potential borrower.

To increase credit – loan option for you

Would you like to increase your loan, reschedule or take out additional credit? Still not sure what you want to choose and which loan option pays off for you?

We want you to make the right decision and introduce you to the individual loan options. Loan top-up and debt restructuring are often synonymous in language usage. Nevertheless, they are very different financial products.

Many people shy away from the additional loan, but this alternative can also combine monetary benefits.

Increase credit – meet additional capital requirements

Increase credit - meet additional capital requirements

There could be many reasons for additional money requirements. Low interest rates invite you to borrow money. The range of financing the capital requirements ranges from topping up loans, to rescheduling debt and to applying for additional credit. Loan increase and debt rescheduling equate German language usage, but two very different loan products are hidden behind the terms.

Credit Increase:

Credit increase means that an existing installment loan or framework loan is increased in total. An amount X comes on the remaining debt “on top”. Depending on the provider, the old conditions are usually retained, provided that the original loan amount would not be exceeded.

Credit Remortgage:

Debt restructuring means that an existing loan is replaced by a new loan prematurely. As a result of the loan repayment, all old loan terms are lost.

It is not guaranteed whether there is a choice between topping up a loan or rescheduling with the “old provider”. Most credit institutions rule out that a second additional installment loan is granted to cover the credit needs. Whether debt rescheduling or an increase would be possible is also specified in the credit and terms and conditions.

Credit increase or debt restructuring – consumer perspective

Credit increase or debt restructuring - consumer perspective

Of course, every consumer endeavors to finance as cheaply as possible. Whether a loan or an increase in existing credit is eligible – and at what credit terms – depends on your personal credit rating. It has been some time since the last borrowing, and the credit rating may have improved or deteriorated.

It depends on whether the old contract offers more favorable conditions than a debt rescheduling loan, whether topping up a loan or rescheduling a loan makes more sense. A free credit comparison would be recommended as a decision-making aid. The required loan amount (redemption amount + additional credit requirement), as well as the planned term and the intended purpose would be entered in the comparison calculator.

A non-binding preliminary credit inquiry ensures whether debt rescheduling is possible at the desired credit terms. It would be important to make the preliminary credit inquiry “non-binding”, as binding loan requests have a negative impact on creditworthiness. For larger loan requests, it may be worthwhile to apply for a loan with two people with regard to the interest rates.

Additional credit instead of an increase in credit – advantages?

Additional credit instead of an increase in credit - advantages?

Everyone can redeem credit prematurely, according to the law. But not all costs are automatically retroactive. It would be really expensive to repay or top up a loan if the old debt was insured. Residual debt insurance varies in price depending on age and risk. But the RSV costs about 10 percent of the original sum insured per borrower.

With an original loan amount of, for example, 20,000 dollars, insurance contributions of 2,000 dollars were paid. Topping up a loan with a half-paid loan would mean a loss of approximately USD 1,000 in insurance premiums. “Unused” insurance coverage would not even be transferable if the increase was made. To “recoup” the loss through lower interest rates is virtually impossible.

An additional loan, even if the effective annual interest rates were somewhat higher, is simply cheaper in this case. Borrowers who would qualify for debt rescheduling or topping up should not fear problems with additional borrowing. A maximum credit line can be calculated for each person. It is irrelevant whether this sum is spread over several loans or combined in one loan.

Top up with negative credit rating – increase foreign credit

Top up with negative credit rating - increase foreign credit

Top up credit is not equally easy in all creditworthiness situations. With regular installment loans, the scope for credit increases remains large. With negative credit rating, the first loan search was difficult. Basically, the foreign bank offers a model for increasing credit.

The original loan amount can be increased again. However, the increase is only permitted if the framework conditions are tight. A basic requirement would be that the old contract was always served as agreed. An increase to USD 3,500 is possible at the earliest with a remaining debt of USD 1,500. If the original amount was 5,000 dollars, the earliest point in time would be a residual debt of 2,000 dollars.

In principle, the same documents would have to be submitted as for the initial application. Only the minimum length of service may be significantly shorter. It is 4 months for a credit increase of 3,500 dollars and 7 months for 5,000 dollars. But the probationary period for the permanent employment relationship must definitely be passed.

Credit for officials without private credit checker.

Anyone who has achieved civil servant status in Germany can count themselves lucky. This is usually associated with a permanent job until retirement and a decent income, from which one can live well and which should offer a solid starting point for various activities. Despite all of this, many civil servants do not have enough of this generous income.

Every now and then they need more money than they have at their disposal and therefore have to take out a loan. No problem so far, as the banks and savings banks are very happy to grant loans to civil servants. Because of the civil servant status, they provide sufficient security.

But if there are problems with private credit checker, civil servants are no longer given preferential treatment and, like all other borrowers, have to worry about the loan. Because a loan for civil servants without private credit checker is not a matter of course and is only granted if the person concerned brings additional collateral other than his civil servant status.

The additional collateral that can provide a loan for civil servants without private credit checker

The additional collateral that can provide a loan for civil servants without private credit checker

Banks need collateral. This is well known and understandable. After all, they have nothing to give away and want to be sure that they will get the money they lend back at some point. Civil servant status is actually very good security. Can you only be dismissed as a civil servant if you’ve had a huge faux pas?

But without a good private credit checker, which only exists if there is no debt to the borrower, even an official cannot easily get a loan for officials without private credit checker. Because private credit checker is an important security that is generally asked for when lending in Germany. Anyone who has a negative private credit checker as an official must see how he can compensate for it. In principle, there are two options.

On the one hand, a guarantor can be sought for borrowing. If this is solvent and able to support the loan throughout the entire repayment phase, the bank will certainly agree to the request for a loan for civil servants without private credit checker. Because then all the collateral is given that the banks want.

Another option can be found abroad. There, collateral that is related to private credit checker is less important, since private credit checker data cannot be queried from abroad. Rather, one can achieve so much with civil servant status alone that a solid loan is possible. But be careful: abroad, the interest on a loan is usually higher than here in Germany. One should therefore calculate precisely whether such a loan is also worthwhile for civil servants without private credit checker.

The loan for officials without private credit checker from abroad

The loan for officials without private credit checker from abroad

Incidentally, the best chances for such a foreign loan are in Switzerland or the Principality of Liechtenstein. There are some reputable banks that will approve a loan to an official. We would also be happy to use the Internet, so that a time-consuming trip abroad is not necessary and it is not absolutely necessary to commission a credit broker to take out such a loan.

Credit for continuing vocational training.

The motto of lifelong learning applies to all employees today. Only those who undergo continuous training have the opportunity to do a demanding and, above all, well-paid job. However, the employer does not always pay for the costs and fees of the corresponding courses.

The employee often has to pay them out of his own pocket. The same applies to an unpaid vacation. This is often essential for complex advanced training courses. Those who do not have sufficient savings can claim a loan for continuing vocational training.

Installment loan for continuing vocational training

Installment loan for continuing vocational training

In particular, a typical consumer loan is recommended as a loan for continuing vocational training. This installment loan is fundamentally paid out for free use and can therefore also be used to finance further vocational training. The loan is approved by the banks, credit institutions, but also many online banks after a careful check of the creditworthiness of the potential borrower. A large amount of information about the financial situation is required to examine the creditworthiness.

The private credit checker file is also checked. If this check does not raise any objections to the loan approval, the amount can be transferred to the borrower’s account. The loan is to be repaid in fixed monthly installments over the term of the contract. The duration of a loan for continuing vocational training should be chosen so that the monthly installments can be applied without any problems.

Overdraft facility to finance further training

Overdraft facility to finance further training

If it is a small amount that is required, the overdraft facility (overdraft facility) can also be used. If the creditworthiness is sufficient, most customers will be granted a current account by their bank. In this case, the account holder can dispose of the specified loan amount in the same way as is the case with balances in the account.

No separate application or an additional credit check is necessary for this. Therefore, this loan can be used very quickly. However, it is important to find out exactly what interest is due before making use of it. Interest rates are usually very high for this type of loan, which means that an installment loan with a bank can be more recommendable.

Guarantees or other guarantees can help

Guarantees or other guarantees can help

One way of obtaining a loan for continuing vocational training even under poor conditions is to provide a surety. The latter undertakes to pay the installments due if the borrower defaults. This significantly reduces the risk of credit default for the bank. Of course, the guarantor’s creditworthiness must be very good and the income must be sufficiently high. If this is not the case, the bank will not accept it. If the borrower has valuables, such as life insurance or real estate, this can also be deposited as security.

Personal loan as an alternative

Personal loan as an alternative

A personal loan can be another way to get a loan for continuing vocational training. For this purpose, family or friends can ask what the advantage would be that this loan is usually granted without interest. However, many private individuals are now lending their money to people in need on the Internet. As with any loan, it is important to check the offers carefully in order to obtain a fair loan with favorable terms.

Funeral credit – what you should know?

A death, regardless of age, is always a heavy blow. Mostly for an entire family. In addition to the great grief that you have to deal with, there are also organizational things, such as funeral. It is precisely this that can bring a family to their financial limits and serious difficulties in addition to the loss suffered.

Funeral expenses

Funeral expenses


The cost of a funeral should not be underestimated. Many people provide life insurance, but not everyone can afford it. Often, a death occurs very early and is therefore completely unexpected. The costs for the bereaved usually include the following items :

  • Pick up the deceased at home
  • Basic hygienic care for the deceased
  • Dress the deceased
  • coffin
  • Embedding the deceased
  • Transfer to the cemetery.

Depending on the desired design of the coffin, the funeral home alone can raise several thousand dollars.

Add to that the floral decorations for the funeral, the fees for a possibly new grave, fees for the death certificate and much more. All in all, a funeral costs a few thousand dollars. Money that not every family has in cash.

Take a loan for a funeral?

Take a loan for a funeral?


Especially when it comes to burial, the last honor that can be paid to a deceased person, no family wants to save money. As a rule, the coffin should not be the cheapest option, but at least standard. The floral decoration should also create a sophisticated ambience at the funeral, so as to give the mourners a little comfort. Those who do not have the appropriate funds now have the choice of either making a cut or taking out a loan for the funeral. At first, many people shy away from this, but at the second one often realizes that a loan is the best solution.

There are reasons for that. Unlike perhaps a few years ago, the loan seeker no longer falls into the role of a petitioner. He is dependent on the bank’s money at this moment, but on the other hand it is the credit institutions that make a living from the interest and fees of their customers. A credit is therefore a business relationship in which both partners are equal.

Client advisors are trained financial experts who make the best offer to their clients and generally match the loan precisely to them. As a rule, a small loan is sufficient for a funeral loan, which has the advantage that the application and processing are quick and easy. Especially when it comes to a funeral, speed and empathy are required, which most customer advisors also implement accordingly.

How to apply?

How to apply?

Before submitting an application, there should still be time to find out about the conditions at various credit institutions, which maybe a family member can do for whom this matter is not entirely foreign. In order to apply for the loan for the funeral, you will need to bring your identity card and earnings statements, which is usually sufficient for a smaller personal loan.

Loan simulation and online loan simulator

Simulate a loan using our loan simulator

Simulate a loan using our loan simulator

How to simulate a loan using our loan simulator and do as many loan simulations as you want plus downloads of an excel xls file

For the series, let’s not miss anything, we could not fail to publish this very useful online loan installer simulator besides the xls file for the simulation with excel. This is a sophisticated script to start simulating a personal loan but also finalized. The rationale for this is twofold: on the one hand, to know what type of credit transaction is going in terms of total charges, on the other, to see, even out of mere curiosity, to what extent we can go with our personal income to bear a debt. How to simulate a personal loan using our online loan simulator: just indicate the simulation data, such as the tan and any expenses underlying the loan.

The simulator is generic, that is, it is used to simulate any type of loan from personal to inpadp or from the San Paolo agreement or deutsche bank or from financial companies such as agos la fineco or the bcc or bpm etc. or to compare consumer credit ones. Once the loan simulation has started, both the single installment and, above all, the actual cost of the loan expressed with the taeg will be calculated. Use it for unlimited demonstrations and simulations or to do as many loan simulations as you want. To simulate mortgages and/or long-term loans, go to mortgage simulation and financing up to 50 years. Download the excel file or now simulate a bank loan with the online simulator. Related utilities: simulates calculation of fifth and double fifth assignment inps pension and inpdap salary

Want to briefly illustrate the characteristics

Want to briefly illustrate the characteristics

Download excel xls loan simulation spreadsheet – Before proceeding with the online simulation we want to briefly illustrate the characteristics of the excel sheet: unlike the online form below, the xls sheet simulates much more data in particular distinguishes as an accessory expense between very short loans period (up to a year and a half) and others (beyond the year and a half). Then, the simulation of the loan in Excel creates not only monthly installments but you will simulate the payment rate of the single installment. Finally, compared to the online one, the excel simulator allows you to simulate loans over 10 years. Download the excel xls loan simulation sheet for free: excel xls loan simulation