Are savings and loan contracts still worthwhile?

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Bauspar was previously considered a solid investment. Despite low interest rates, home loan savers were able to save high-interest rates. The banks were worried – they announced their contracts to hundreds of thousands of customers. The Federal Court of Justice (BGH) ruled on Tuesday in favor of the banks and declared the terminations to be lawful.

Building societies such as Schwäbisch Hall and Wüstenrot already started to terminate the contracts two years ago. Bauspar contracts are affected, whose allocation maturity has exceeded 10 years – in times of low-interest rates a financial burden for the banks.

In the meantime, the number of dissolved Bauspar contracts has reached around 250,000. After the ruling of the BGH is with further dismissals to be expected. According to consumer advocates could be affected this year up to 60,000 contracts.

The model “Bauspar contract”

Bauspar contracts work in such a way that the savers regularly deposit amounts over a fixed term at the end of their term and receive interest. Customers acquire the right to a favorable construction loan during the savings phase, despite formerly less attractive interest rates.

The so-called allotment maturity occurs when the Bausparer has usually paid half of the Bauspar sum.

You can now apply for payday loan consolidation at check my site. Only a few years ago, some building societies offered the customers lucrative additional interest if they waived their loan. So they made the model for savers who did not want to build, attractive – the home savings contract was a mere investment. In times of permanently low-interest rates, this business model no longer works.

Bauspar contracts as a pure investment?

If you just want to invest your money, nowadays you will not get good interest anywhere. That’s why many construction customers are keeping their old contracts running for years. “The old credit interest rates are high and therefore very attractive,” says Dirk Eilinghoff from the consumer portal Finanztip. “But the loan interest rates in these contracts are also much higher than usual today. That loans are not used, for which you would have to pay four to five percent interest is fully understandable. “

Loans to pay debts: everything you need to know

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A loan to pay off payday loans 👉 find more info ◃┆◉◡◉┆▷ is the best option to give you a moment of tranquility while you have to liquidate.

If you want to start living the economic tranquility to be able to enjoy your family more, you do not have to wait any longer and on the contrary, you should start planning what you will do next with your money that will be free, safe and sound.

To begin, it is necessary that you learn to identify which are the payments that you should schedule in the short and long term. This difference is important so that, once you have paid off your debts, you can avoid falling into them again.

For example, if you are going to do the acquisition of a new room or furniture to do a remodeling in your home, the most optimal thing is that they are payments made in the short term.

That is to say, months without interest, this probably because in a short time you could change them or they could need fixes and then, you need to invest again in them.

Can you imagine dragging a debt for years of something that you do not even have at home?

This is a situation that must be horrible and also causes a sense of dissatisfaction in people, that is why to avoid it at all costs you must learn to differentiate the expenses that can be the short and long term, this decision should also be taken in accordance more convenient for you

On the contrary, the payments that can be long-term are all those that demand a much stronger economic investment and that your salary would not help you to comply in a short time.

For example, monthly payments to buy a house or apartment, buy a piece of land and build your future home completely to your liking and to the needs of your family.

A short-term credit through government payroll can be a great option to settle your debts, after reading this article, you will know why you should know Credifiel, where we provide loans for state workers.

Why is a short-term loan a great option to cover my debts?

Why is a short-term loan a great option to cover my debts?

High-interest costs are not generated: It is evident that the longer the period for which you request the loan, the longer you will be paying interest.

This translates simply and simply that if your account was for $ 50 thousand, for example, but you decide to pay it to 5 years, probably with the pure interest and the Annual Total Cost would end up paying double or maybe, up to triple the amount that You requested at the beginning.

This is unfair because if you requested the money for an amount because you did not have it, it is worse than after you end up paying much more. What would be, then, the benefit? Decide on short-term loans.

You can completely liquidate it in a few months: Between 12 and 48 months you can liquidate your loan 100% after having invested it in a way that you will thank for your whole life.

In this way, after having settled your account and settled all debts, your pockets will be ready to start again and then, you will be ready to request a new loan to help you now, to increase your capital to acquire new things and also, to think about the future of your family.

Stop giving things so many times, the best option is very close to you.

In a short time you can make new investments: For me, personally, thinking about payments that must be made more than 5 years ago causes me a sense of fear and extreme insecurity because it is as if your economy is tied to something for many years next.

Also, it is much easier to control or think about what we will be doing in 5 years than what will happen in 10, right?

This is why thinking about short-term credits to settle debts is a much more viable option, also because you can think that within 5 years you will have control of your finances and then, you could start investing in all those things that always you wanted

Your debts could be reduced: Debts with several banks? One of the possibilities offered by financial institutions is the possibility of paying 100% of your debts and also having the option that by making the payment in a single exhibition the amount is reduced.

In this way, in we lend you the necessary money so that your accounts are reduced and you can consolidate loans once and forget them for many years. i need to consolidate my payday loans $$ learn this here now ʕ•ᴥ•ʔ.

To make the most of your credit via payroll, we suggest that you first completely liquidate those debts with the highest interest rates, the small debts that, although they are still important, could involve a smaller amount of money.

Remember that to have optimal financial health and your family expenses should not be limited, it is best to always have a lot of organization in finance and also make a list of priorities in any circumstance.

Instead of making your debts grow and accumulating a large number of interests that in the end, seem to have no end and that is also impossible to liquidate with your salary, you’d better decide to liquidate them in a single exhibition.

Come to Credifiel and know our financial solutions that will give your life a new debt-free start.

All our payroll discounts are for government workers, so we make sure that everyone can have access to a better quality of life and wellbeing for their family.

Where can I apply for a loan to pay my debts?

Image result for whereNow that you know that a loan is a solution to your financial problems comes one of the most frequent questions, where can you find it?

Financial institutions are probably the most demanded option to apply for a loan; However, it is important to open your eyes to new scenarios and look beyond, you could find other interesting and beneficial possibilities for you.

Remember that not always the best-known option is the best, the best decisions are always those that have research and comparison as sustenance. If you are also wondering, where can I get a loan to pay my debts? here we are ٩◔‿◔۶ go to this web-site

There are endless financial options in the country that can offer loans and credit products, but in order to choose the best one and the one that best suits you, you must first know all of them.

In addition, it is important to mention that the services of many of the institutions that offer loans to pay debts in Mexico are only focused on companies. That is why you should verify that the institution you wish to approach gives personal loans.

Financial institutions:   Banks are those institutions that are dedicated to attracting resources from their public with the objective of proposing different investment options to the sectors that make up the country’s economy.

When you go with a financial advisor and you mention “I need a loan to pay off my debts,” what he does is take other people’s money to invest it with you.

This is only part of the chain. Within this area, there are multiple options that you can consider to apply for a