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Maybe you never thought it possible that you could borrow. But money does not lend a job while you are blacklisted!

If you want to borrow money, but do not have a job and you are also registered on the blacklist of the National Bank, you will have a lot of trouble. Banks prefer not to provide loans to people who suspect they are at great risk and therefore use a wide range of strict rules and selection procedures. However, there is a way to circumvent these conditions and to be able to borrow money without work while you are on the blacklist! We are talking about the mini credit here. With minicredit money is very easy and besides it costs you little effort!

Please view our payday loans for really bad credit


Payday loans for really bad credit is a special kind of loan that was created because so many people were unable to borrow from the bank, even if it’s only about borrowing small amounts. In this way, people who are on the blacklist get a chance to take out a loan. Minor credit is different from regular loans in the sense that you can only close these loans online. Closing online has many advantages. First, it takes little effort, you do not even have to leave the door for a loan. You also do not have to come by appointment or take account of opening hours. In addition, saving a loan online also saves a lot of time. Making a payday loan application for really bad credit via PaydayChampion costs only 5 minutes! You can always free yourself 5 minutes. You can make a loan application 24 hours a day, even in the evening or at the weekend!

How much money does not work when you are on the blacklist?

How much money can you exactly borrow without work while you are on the blacklist? You have to think of all amounts between 50 and 1000 euros. Exactly how high the loan is, you decide entirely yourself. So whether you want to take out a loan of 200 euros to organize a great party, 500 euros to buy the new laptop that is on offer or 700 euros for that old used car, it’s all possible. In addition, you can of course also choose to use the money to pay off your bills that have remained. What you do with the money is entirely up to you, you do not have to consult with the loan provider!

Money does not work when you are on the blacklist without conditions

As you have already read, there are not many conditions attached to money that does not lend a job while you are on the blacklist! So it does not matter whether you have a pay slip or other documents and it does not matter whether you are on the blacklist. The only requirements you have to meet are that you are at least 21 years old and have a monthly income. Healthcare allowance, student finance, and child benefit are also included under income, for example. That way there is always a possibility for you to quickly get money with a mini credit!

Obtaining a Home Equity Loan with Bad Credit

Home equity financing is a great way for property owners to turn the unencumbered value of their home into cash. For homeowners with bad credit, these specific loans offer a way to borrow money that is approved earlier and offers lower interest rates than traditional loans or revolving credit lines. Why? First, the house serves as collateral or collateral, and second, the assets in the property can make up for the deficit in your credit history. This is especially true for homeowners who have a lot of equity.

The disadvantage is that you can expect to attract less favorable conditions for your equity financing, and the financing will turn out to be more expensive. Two examples: you may be forced to borrow a lower amount to minimize the lender’s risk, and more collateral (more justice) may be required to secure it. Lenders usually spend up to 80% of the value of a home. However, the more equity you have built up, the more attractive your application will be. Since your home is used as collateral, you are considered a disadvantaged candidate if you own 20% or more of your home. This can be particularly useful if you have a poor credit score. Here’s what you need to know to get the financing you need.

Home Equity Loans

Home Equity Loans

There are two main types of equity financing. The first is a loan with equity, whereby a one-off amount is borrowed and repaid in regular installments, usually with a fixed interest rate over a period of 25 to 30 years. The second is a home equity line of credit (HELOC), where the lender allows the borrower to withdraw money if necessary. Most HELOCs have adjustable interest rates, interest-only payments and a 10-year “draw period” during which the borrower has access to the funds. After the draw period has expired, the outstanding balance must be repaid over a repayment period (usually 15 years). (For additional information, read the Home Equity Loan vs. HELOC: The Difference and Choose a loan with equity or credit line .)

8 Steps to Home Equity Financing

8 Steps to Home Equity Financing

Here are the steps you need to take to obtain a loan with equity or HELOC.

1. Investigate your credit report.

Receive a copy of your creditworthiness report so that you know exactly what you are dealing with. (You are entitled to a free account from credit rating agencies: Experian, TransUnion, and Equifax every year.) Check the report thoroughly to make sure there are no inaccuracies that would harm your score (you should routinely do this). (For more information, check your credit report. )

2. Prepare your finances.

Collect your financial data (such as proof of income and investment) so that it is ready to present to the credit institutions. They want to see in black and white that you are financially stable enough to support your loan – especially if you have a bad credit have. If possible, top up any outstanding debts that may have a negative effect on your application.

3. Compare rates.

It makes sense to go directly to your existing lender for equity financing – and since you are already a customer, the lender may offer a more attractive rate. However, this is not guaranteed, especially if you have a bad credit report. The best rates are offered to people with good credit, so it is always wise to shop around, especially when it comes to bad credit. Experts say it is a good idea to work with a mortgage broker who can help you evaluate your choices and guide you to reputable lenders.

4. Consider how much money you (really) need

What is the purpose for which you are borrowing? And how much do you really have to borrow ? It may be tempting to shoot at the stars to maximize your borrowed amount, perhaps to offer a financial cushion, but this comes with the temptation to spend it. If your spending habits are under control, it may be useful to ‘borrow’, and by using a HELOC, you only pay interest on your money while they are being spent. However, in the case of a loan with equity, you pay the full interest (and principal) over the entire lump sum loan, in which case the Uncle Tomijk probably pays to borrow specifically for your needs. 5. Do not dive into it.

Do not say “yes” to the first offer. By obtaining multiple quotes, you are in a better position to negotiate better prices. Present your first offer to another lending institution and see if it will beat, and do not forget to investigate all associated loan fees (such as processing and closing costs), so that you do not get rude surprises.


Bring in a co-signer. To make the deal sweeter, it may be a good idea to bring a co-signer. A co-signer uses his or her credit history and income to act as a guarantor for the loan. Make sure you choose a co-signatory with impressive credit, good work stability and a substantial Uncle Tomijk income to increase your chance of approval.

7. Look for sub-prime loans

7. Look for sub-prime loans

Finally, you can turn to lenders who offer subprime loans that are easier to qualify for and focus on lenders with poor creditworthiness that do not meet traditional credit requirements. Subprime lenders generally offer lower credit limits and higher interest rates. However, these loans have a much higher risk and higher fees than conventional fixed-rate loans and should be avoided if possible.

8. Work on your credit

If you find that your bad credit history really works against you, ask your lender why he is not cooperating and what he would like to see from you (and your credit rating) to offer a better rate. Remember that it is never too late to change your credit score. You might consider putting your loan plans on hold as you implement steps to improve your rating. Mortgage lenders usually look at the dollar amount, payment history, and the “age” of your credit limits. Do you regularly have new accounts, miss payments and run-up balances? Just changing one of these behaviors can have a positive impact on your credit score. See for more information

10 ways to improve your credit report and How can I improve my credit score? And keep in mind 

A loan with equity extends the mortgage debt on the property, allowing a borrower to remain in a vulnerable position (and unable to keep track of monthly repayments) if the financial situation, income or working conditions were suddenly change. Perhaps the biggest disadvantage associated with equity financing is that the bank can protect your property if your ability to make repayments is compromised. And you can be hit by substantial payment arrears in case you fall behind. This further jeopardizes your credit reputation, because banks report your arrears to credit information agencies.

The bottom line

Are you a homeowner with bad credit? You can still use the value in your house to get cash, but you may not enjoy as much loan freedom as someone with a tiny credit record. Despite the “instant cash” appeal of equity financing, the decision to obtain it should not be light. After all, it’s more debt – and there are predator lenders ready to take advantage of people with less-than-star credit. Compare rates and deals with multiple credit institutions and even consider hiring a reputable mortgage broker to connect you with viable options.


3 things you need to know before creating a new budget

In today’s world, the ability to manage our own money is of paramount importance. It requires both sufficient time for planning and persistence in monitoring personal or family income and expenses.

In the 21st century, a modern man in practice has access to almost everything that can be bought with cash. So the world around him becomes tempting enough to make him create new needs himself that just a few years ago were just an idea or not even existed.

This rule encompasses a number of things, and a good example is the presence of high-tech devices that no one has ever imagined that it would need. Now it is quite different.

The world is evolving and the modern man has ever easier access to everything he wants to buy. All this requires financial assets that make things possible and shorten the path of wanting to buy a particular item until it is completed.

To this end, very often, each of us resorts to not very thoughtful expenses that are capable of violating the personal or family money plan. For this, it is good to pay close attention to the need for stringent measures when handling our funds.

Which are the 3 most important things you need to know when creating a new budget

  • It must be personalized to personal needs and habits, as well as family needs;
  • It may not be fixed or tolerated;
  • You reserve the right to change it, but you should not abuse that power.

What other important features you should pay special attention to

It is extremely important to anticipate a certain amount of personal savings in the planning process. Earmarked money may and never need you, but in any case it is much better to have them than the other way around.

Pay attention to those needs that could be limited. Sometimes in our daily lives, we think that we need a particular commodity or service. That may be the case, but it is possible that we have created artificial surplus costs that would disrupt the balance of monthly and annual earnings.

That’s why it’s a good idea to think about all the additional amounts you spend and if you need to be deprived or limited by some of them in order to create a decent financial balance.

By conducting your personal income and expenses, against these basic rules, each of you could create a financial plan at any time and for a variety of reasons. The most important thing in this case is to realize the freedom, but also the responsibility in creating such a system, since it depends not only on the good standard of living that you want to insure, but also on the lack of monetary problems in your everyday life.

In case the planning of a new budget is not your strongest, you may consider it the most reasonable option to contact the specialists on this issue. We at Gandalf are always in charge when your household needs additional money or services to support the financial plan and to help in emergencies.

This gives you both sustainable advice to take advantage of and the peace of mind you need to plan your revenue and spending.

Investing in rental real estate: the key points

Real estate investment is one of the best investments to obtain additional income but also to build a sustainable heritage. Rental real estate guarantees guaranteed profitability, a preparation for retirement but also a way to allocate wealth to your descendants. But what are the essential points to know before you start renting real estate? What are the main benefits? Here is a guide to learn about the basics of rental real estate.

Key points for a good rental investment

The advantages of rental real estate

The rental investment offers you several advantages, including:

  • the opportunity to make an income for the future. In retirement, purchasing power diminishes considerably and earned income is reduced. Benefit from rental income thanks to rental real estate is a good way to make extra money to meet the different needs after retirement.
  • the opportunity to live in the property after retirement without having to pay monthly rents that can be very heavy in the face of the income of seniors. Nevertheless, we must be sure to have paid the refund related to the mortgage applied before retirement.
  • the possibility of attributing the property to his family, including descendants or ascendants while benefiting from a monthly rent. It will offer an attractive rent to your loved ones. Or simply to transmit a heritage to descendants.
  • obtaining a home loan is much easier than another type of credit for other financial investments. The refund is provided by the monthly rent.
  • the advantage of benefiting from a tax reduction of up to 21% with the Pinel law for renting for 12 years but under certain conditions.

The advantages of rental real estate

Risks of rental investment

All the benefits mentioned are actually valid if you manage to find a tenant. This is why it will be important to take into account several parameters before choosing the property to buy. And when the rent is also insufficient for lack of study, the investment will not be profitable.

To do this, it will be necessary to evaluate the real profitability of the acquisition by making a ratio between the expected annual rent and the purchase price, without forgetting to take into account the tax advantages.

But long before that, it will be necessary to carefully choose the property on which to invest by studying the real estate market of the city where the property is located. Are the requests more important than the offers? What type of person lives in the neighborhood? Invest for an apartment, a house, a studio or a T2? Choose between new or renovated? Location and local demand are therefore two determining points in choosing a property for a rental investment.

Some tips for a successful rental investment

Before choosing the property to buy, start by defining your targets and obviously taking into account your borrowing capacity to define the type of property to buy. Choose a location that matches your targets and make sure that offers do not exceed requests. If this is the case, be aware that you can not make the investment profitable, and you will be at great risk if you can not find a tenant. Do not skip the first opportunities, take the time to make visits before buying and comparing and do not make many offers. To be able to manage the follow-up of your property, buy in a district that you know, not far from your home. Make profitability calculations by evaluating the potential rent and the future rent of the property.


Export finance proves itself even in uncertain times


German exporters again achieved record sales abroad in 2018. With growing uncertainty in international business, demand for so-called ECA and/or German-funded financing rose again, said Deutsche Bank’s Head of Structured Trade & Export Finance Germany, Werner Schmidt, in an interview with Dolly Varden.

The political risks are back. How do you experience the changed risk situation in export financing?

The political risks are back. How do you experience the changed risk situation in export financing?


Political uncertainties are much more important to our clients ‘and banks’ businesses than they were in the previous decade. Some political decisions have led to uncertainty in the markets and in the export economy. This delays investment decisions, increases the analysis effort in terms of project risks and feasibility, and thus extends the lead times for our businesses. While larger financings used to be done in six to twelve months, today they sometimes take two or three years to complete.

How do you react to that?


The financing covered by an Export Credit Agency (ECA) is intended for precisely these situations. It provides security and stability. Already during the financial crisis it became apparent that export financing was one of the few long-term instruments available even in this crisis situation. During this period, the highest level of export financing was achieved. Export credit insurance has also supported significantly higher volumes than in “normal” times.

What do you need to look out for in the risk assessment?


Export finance supports investments abroad and enables exports of German products abroad. These include major infrastructure projects and investments in machinery predominantly in developing countries, but also selectively in the so-called “high-income countries”. There are political as well as commercial risks that affect the economic viability of the projects and need to be hedged. Among other things, these depend on the political and economic conditions in the countries. Increasing uncertainties are affecting export business and influencing demand for financing. But in difficult times, as has been said, the demand for export finance is usually higher than for other financing options.

That is, export financing is chosen more from a risk perspective? In normal times, other forms of financing are more likely to be considered?

That is, export financing is chosen more from a risk perspective? In normal times, other forms of financing are more likely to be considered?


There is still a lot of liquidity in the financial markets. This is partly due to the low interest rate policy of the central banks. There is strong competition for investment opportunities and numerous offers beyond export financing. Business is financed through the capital market or through traditional loans without Hermes coverage. But in the current environment there is heightened uncertainty and thus a higher need for hedging. There are two categories: hedging the economic risk and hedging the political risk. In addition to securing these political risks, government export credit insurance also provides for a certain amount of support, depending on the nature of the restructuring and loss event, including at the ministerial level.

Is there a shift in coverage volumes from countries like Russia and Turkey to other countries due to higher political risks?


Although the number of transactions has declined in recent years, transaction volumes in export financing have increased. The business has therefore become more volatile. A clear and sustained reduction of cover in Russia and Turkey can not be determined and the volume remains high. But countries have been added, for example Egypt, Iraq, some countries in Latin America and Africa. The regional distribution of the business has become more diverse. However, there are still focus countries, including Russia and Turkey.

How do the lower number of transactions and the rising volumes affect margins?


I can only speak for medium and long-term financing, but developments in short-term trade finance business are likely to be similar. Export finance is a business that is very customer-oriented, very transparent, and that the banks are very happy to operate. Therefore, there is a lot of competition and it is still increasing. Although the number of transactions is currently rising again, it has fallen in recent years. Due to the good liquidity situation, other financing products such as capital market solutions, bonds or classic loan financing compete with export finance. For example, companies in Russia were able to finance their investments in foreign currency with terms of five to seven years in the local market, without the need for export finance.

What significance do classical country risks have in this analysis?


Export financing performance is very good compared to other types of loans. The International Chamber of Commerce (ICC), which strives for more transparency with regard to the default history, has rather low claims rates. The country risk usually does not lead directly to the event of damage. But political decisions have an influence on the individual projects, as, for example, the creditworthiness of companies can be influenced by exchange rate movements. There we potentially see a risk increase, which will only show over time. Compared to the past, this is more likely to be the failure of individual businesses than of states.

How do you deal with non-financial risks?


Non-financial risks such as reputational or money laundering risks have become more important in the due diligence process. This affects the feasibility of projects, and you have to look hard at what risks are relevant and you are ready to take on as a lender. This requires significantly more transparency and evidence regarding the feasibility of the business. Regarding the discussion about sanctions of third countries, especially the USA, foreign regulations should not be considered in the context of the boycott ban. However, the reform of Article 7 of the AWV seems to allow for the possibility of taking into account sanctions by third countries that are not congruent with EU sanctions. This, for example, facilitates covered banking in Russia. So far, businesses and banks have been in a dilemma with regard to Russia’s business, given differences in US and EU regulation.

How does the increase in regulation affect your business and transaction thresholds?


There are two major topics: regulation, which addresses equity requirements and the valuation of balance sheet items, as well as the deduction of collateral in the export finance business. The other issue concerns the non-financial risks already mentioned [money laundering, know your customer (KYC), etc.]. These are regulations, which incidentally also include environmental audits and social standards, which we certainly welcome. But they also change transaction costs, affect profitability, and thus increase transaction thresholds.

Small ticket solutions that fall below these thresholds therefore require simplified and standardized processes. This also makes a digitization of processes possible. Export financing, as we do today, is very individual. A desirable standard export contract, simplified Hermes’ click & cover expiry, banking standardization and digitization could depress the thresholds. AKA Bank has already taken the initiative, which we strongly support as a large shareholder. Ultimately, however, all partners must pull together.

Is there a technological development that will change the market?


I do not currently see the disruption in export finance. There is no platform solution – even by Fintechs – that could fully reflect the complexity and variety of risks. In the short and medium term, it is more likely to increase the efficiency of the processes.