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Car Insurance is More Expensive

car insurance

In 2011, consumers will pay more for their car insurance. Insurers suffer massive losses on the third-party insurance policy because the premiums are too low. Compared to neighboring countries, insuring a car in the Netherlands is on average three times cheaper. Klaverblad, Unigarant and Univé recently adjusted all their premiums. The independent comparator Puss in Boots expects more car insurers to follow and raise their rates in the short term.

 

Loss on liability insurance

Loss on liability insurance

Last month, Daisy National Bank (DNB) expressed its concerns about the premium being too low. This could, according to the regulator, jeopardize the financial position of an insurer. For example, Increase was declared bankrupt in October 2010. DNB’s figures speak volumes. While the profit on the WA motor insurance in 2007 was still 328 million euros, in 2009 car insurers recorded a joint loss of 15 million euros.

 

Car premiums in England, Germany and France considerably higher

Puss in Boots investigated what people pay in England, Germany and France to insure a car as standard as possible. On average, the prices for car insurance there appear to be three times higher than what the Dutch pay for liability insurance. For this, various profiles in London, Berlin, Paris and Amsterdam were compared.

 

Car insurance premiums inevitable

Car insurance premiums inevitable

At the end of 2005, a price battle erupted between car insurers. In the space of five years, rates for a WA car insurance policy have fallen by no less than 20 percent. “The profitability of insurers is declining rapidly. Initially, this can still be offset by investment gains, but in 2008 the credit crisis will throw a spanner in the works, ”explains Yayo Seal, director of Puss in Boots. “In the last two years, car premiums have remained fairly stable. But a price increase now seems inevitable. “

 

Extra price increase due to increase in insurance tax

In addition to the expected premium increase, there is also the increase in the insurance tax. As of March 1, the insurance tax will be increased by 2.2 percent to 9.7 percent. Switching now means that many Dutch people can still benefit from the relatively low rates. Premium increases for existing customers are only implemented on the main expiry date.

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A loan from private individuals as a cash injection

With a loan from private individuals, financial bottlenecks can be compensated. Sooner or later everyone can come into a situation where they have to bridge a smaller or larger financial bottleneck.

Especially for purchases on a small scale, such as a PC, tablet or laptop financing, it often pays off to go to the bank. Some credit seekers can not get credit from the bank, so they want to borrow from private individuals.

A loan from private individuals can also be used in many ways. Some may wish to finance new furniture and kitchens, finance a debt restructuring or attend further education. The financing of a car or a vacation trip can also be the reason for receiving a loan from private individuals.

How do loans from private individuals work?

How do loans from private individuals work?

Loans from individuals are also known as P2P loans or peer-to-peer loans. Characteristic of this type of credit is that both parties are private individuals. That is, both borrowers and lenders are private individuals. Frequently, the social component plays a major role in private individuals’ lending.

The lender wants to use his money to support projects that make sense to him

The lender wants to use his money to support projects that make sense to him

Moreover, in the case of loans from private individuals, it is assumed that borrowers have a higher willingness to repay due to the partly personal relationship. Basically, credit seekers can take out a loan from private individuals even with friends or family members. More here and here.

However, over the last few years, the Internet has created some online marketplaces where credit seekers can apply for a small cash injection for their projects and purchases.

Frequently, a loan from private individuals is rather low in credit. Some private lenders also split the loan amount that they want to lend into multiple borrowers. If you want to take out a loan from private to private, you should have a good credit rating, just like a bank loan.

Find the right loan from private individuals

Find the right loan from private individuals

For private-to-private lending, some internet marketplaces have developed in recent years. Anyone who wants to take out a loan from private individuals is therefore in good hands on the internet. As individuals use different lending criteria than many banks, certain groups of people find it easier to obtain credit.

A self-employed loan is possible for individuals, for example. At Lending Family, for example, interested parties can obtain information about loans from private individuals and compare the loans of various providers.

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Buy car in cash or financed What is better?

car

Many people may think that the best option is to buy cars in cash but the truth is that very few people can afford to pay 10,000, 15,000 or 20,000 euros at one time. To carry out this operation, I would have to save for many years, trying not to use that money in emergency cases and always trying to follow a vision of the future. This is very difficult and more if we take into account that currently we live day by day, with what we have.
Not all people have the good fortune to be able to count on that money when we need to buy a car. For this reason, financing a car has become the best alternative for buyers. In this way, you solve the inconvenience of not having the money or having to wait to save money that you probably never put together. So the balance between buying a car in cash or financed , balances to the second side.

Is it worth buying financed cars?

Is it worth buying financed cars?

Buying a car is a very important decision, whether it is made in cash or if it is carried out in a financed way. For that reason, it is necessary that you learn to weigh what are the pros and cons of the decisions you are making. Stop a minute and think, do you really need that car? Can you live without it? Is there any cheaper alternative? You may have thought of a model of a very high quality for its design, safety and comfort, but you should still ask yourself if you require all these needs or if you can opt for a more basic vehicle. Which is the option that best suits your possibilities?
Once you have done the above questions you will be ready to buy financed cars. The advantages of acquiring it in this way are many, some of the most outstanding are the guarantee, the administrative procedures of which you save a lot of time and the complete availability. Let’s see below, each of them carefully.

Warranty

Warranty

Getting a quick mini-credit with Honest Lender is a guarantee for your future. We help you so that your loan or your credit goes ahead. We provide the best of our company trying to cover all the expenses you need and thus, to be able to acquire the model you so desire. We will always be there to support you so that you have a secure guarantee. In this way you can buy a car in cash or financed, as you decide for what to use the credit.
Surely your family, friends or acquaintances would be willing to lend a hand economically, but we all know the unforeseen and problems that are all people today. So do not commit anyone and think about it. We are the best option.

Administrative transactions

Administrative transactions

Requesting a loan or a loan to finance a car you will forget the paperwork and paperwork that you would have to do in a bank. The goal of Honest Lender is to streamline the process, so that you have the money in the shortest possible time. In addition, time, paperwork and long queues are no longer part of this process. In this section you can check our post about the alternatives to finance a car without payroll.

Complete availability

At Honest Lender we have a team that works 24 hours a day to be at your disposal. Every day of the year, without waiting or delay. Whatever the day is, when the idea of ​​financing a car arises, do not hesitate and think of us. We will resolve any doubts that you may have before making the step of requesting the fast online mini-credit .
So as you can see buying cars in cash is not the best alternative even though at first it may look like it. It is important that you take into account the advantages that we have established in this article so that you know how to adequately differentiate the benefits with those that are counted when buying a car in cash or financed.

What are the requirements to finance a car?

The requirements with our company are very simple . You only have to be of legal age, have a bank account and have a stable and recurring income. In this way, we are assured by both parties that the immediate online loan can be repaid within the stimulated period and you have the money instantly.
In less than 15 minutes you can know the answer to your request and in just 24 hours you will get it in your bank account, totally willing to be used. The requirements to finance a car are minimal as Honest Lender, so do not think about it anymore and request NOW!

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Car insurance premiums up sharply

car insurance

The financial possibilities of car insurers turn out not to be too rosy. Good Finance Bank (GFB) reports this to ABC. Half of the 28 car insurers have to raise the premium, otherwise they may run into financial problems.

Twelve insurance companies

auto loan

According to the regulator, this concerns twelve insurance companies, the majority of which are internet insurers. GFB has since addressed these insurers. According to a spokesman, two insurers have made extra provisions to prevent them from getting into financial difficulties.

Expected premium increase

Expected premium increase

Last week, Lender signaled on the basis of various premium increases that many insurers are going to increase their premiums. The increase in the premium varies from a few percent to 50%. In addition, insurers set increasingly precise premiums, for example at street level instead of per region. With the premium increase, the years-long fall in the premium has come to an end. Not all car insurers have yet increased their premiums. It therefore pays to compare now. price differences with car policies where you are most insured.

Profit from car insurers

Profit from car insurers

In 2007, according to GFB, the profit on the WA motor insurance was still 328 million euros. In 2009 the car insurers made a joint loss of 15 million euros. In 2010, the insurers jointly made another profit of 46 million euros, according to the figures that GFB published on 9 August.

Would you like to know if your car insurance policy has increased the premium? We have listed them for you.

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Simplifying the loan project description for borrowers

cash

For some time, we have received feedback from our customer service that borrowers often have trouble describing the loan project.

On the one hand, reasons for this are uncertainty as to how important the scope of the text is for the acceptance by investors. We offer a representation of the right scope in the process, but there are still questions. On the other hand, many borrowers are uncertain as to how their description provides clues as to their identity. Although borrowers know that their data is published anonymously at Fast Credit, many people are cautious at this point. Therefore, some credit projects have deliberately not been given any information. In part, these uncertainties even led to the cancellation of the registration with Fast Credit. As a result, we came to the conclusion that we should offer our borrowers in the process a simplification in the description.

 

1. What is this simplification?

cash

 

When creating the loan project, borrowers receive a text proposal that is automatically generated from different text modules. The text proposal is based on criteria such as occupational group (employee or self-employed person, etc.), state, age, user name and the filing date.

 

For example, a suggestion might look like this: “(TITLE)” The self-employed needs support for their project “- (DESCRIPTION): I want to fulfill my credit wish for Fast Credit. I am self-employed, since April 12, 2010 on Fast Credit and am pleased about numerous bids. “

 

This ensures that the text suggestion does not allow any conclusion to the person of the user. Borrowers can then replace or adapt this text proposal with their own description. In summary, this text suggestion for borrowers should cause no uncertainty at all – you can concentrate on the content right away.

 

2. What does this mean for Fast Credit Investor?

2. What does this mean for Fast Credit Investor?

 

We have decided to uniquely identify a loan project if the borrower does not change the text proposal: “The description was generated automatically based on member information.” Even if these loan projects contain an automatic description, they give a brief insight into the loan project. Because the borrower selects the category and the criteria mentioned contain more information about the financing. If the borrower adjusts the text modules or replaces them with their own description, the result is a personal description and no labeling takes place.

 

As a result, investors have the option to individually select and finance the loan projects that are right for them. For bid assistants, this simplification means no change, as descriptions – as before – are not taken into account.

Based on clear borrower feedback

Based on clear borrower feedback

We believe that this measure represents a significant simplification in the use of Fast Credit. While this may leave some projects with an automatic description on the marketplace, we are confident that the Fast Credit Marketplace will continue to be characterized by exciting and interesting credit projects.

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Immediate mortgage lending – Advance loan and savings contract

Your dream home is suddenly available and you would like to move in immediately? One possible solution, for those who need a building loan immediately, is the immediate construction financing of the building societies a possible solution. The immediate construction financing is also called instant building society loans, combi credit or constant loans. With this financing, building societies offer you the opportunity with which you can combine home savings and the immediate purchase of your dream home. This financing model thus combines a loan in advance with a home savings contract.

In today’s blog post, you’ll learn everything you need to know about instant mortgage lending and what benefits and risks this financing brings with it.

How does instant mortgage financing work?

How does instant mortgage financing work?

In the case of immediate mortgage lending , you take out a loan from a bank and at the same time conclude a home savings contract . The Bauspar sum of Bauspar contract has the same amount as the advance loan . With the loan you can start the project “dream house” directly. Until the Bauspar contract is awarded , you pay the monthly interest on the loan and a pre-determined savings rate to your Bausparkonto . As soon as the Bauspar contract is ready for rendition, the rescheduling takes place. The advance loan is replaced by the savings and the home savings loan. Thereafter, you pay the interest contribution and the repayment contribution for the home savings loan until full repayment.

Advantages and Risks of Instant Mortgage Lending

Mortgage

Before you decide for or against this financing model , you should carefully weigh the benefits and risks of instant mortgage lending.

The benefits of instant financing

The benefits of instant financing

  • Constant low interest rates for the entire financing period.
  • The financing rate of the loan is known and plannable from the beginning.
  • You can make special payments on the home savings contract at any time.
  • After expiry of the fixed interest period, you can make special repayments on the building society loan for free .

The risks of instant financing

The risks of instant financing

  • Lack of price transparency – in advance, prospective buyers only experience the effective interest rates for the advance loan and the building society loan, but no effective interest rate for the overall offer. Good finance brokers can make the overall costs transparent to you compared to an annuity loan.
  • There will be a closing fee for the Bauspar contract of 1.0 to 1.6 percent on the Bauspar sum.
  • In the allocation of savings and loan contracts, there is a minimal risk that the savings agreement is not allocated at the scheduled time, this case occurs would possibly a more expensive interim financing due. Building and loan associations are not allowed to guarantee their allocation at any time according to the law.
  • Strong loyalty to the provider – a change of provider or a rescheduling is associated with high costs.
  • During the first 10 years, a repayment by, for example, selling the property will result in a higher prepayment penalty because you are not repaying the loan.
  • In many concepts, there is only the possibility of “special payment” on the home savings contract. Good concepts that you get from competent partners provide a real special repayment option in the advance loan. This can even reduce your overall rate during runtime and shorten your runtime.
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Corporate cash flow: dedicated financing solutions

Remember that the cash position of a company corresponds to the difference between the working capital and the working capital requirement. This is known as cash flow difficulties when the payment term of the receivables is too long. And conversely, when the payment period for suppliers is too short. We also talk about cash flow problems when the company can not turn the accumulating stocks and receivables into cash fast enough. This is essential to deal with the payment deadlines granted by suppliers.

Corporate cash, a recurring problem?

Corporate cash, a recurring problem?

Lack of cash is not inevitable, but can prevent you from moving forward. In fact, a fragile and even negative corporate cash flow is not synonymous with good health. Yet solutions exist to increase your cash flow.

How to finance your cash?

How to finance your cash?

The first solutions to finance the cash flow of your company, without financial products, are based on targeted actions. It may be wise to reduce payment delays or increase supplier delays.

To these solutions are added other strategies, namely:

  • The bank overdraft : the overdraft applies as soon as the account of a person is debtor that is to say as soon as it passes below zero. One can vulgarly relate an overdraft to a credit over a very short time within the limit granted by the financial institute. The point of attention of bank overdraft is its relatively high cost (it can reach 12%). Its cost is explained because no guarantee is required for an overdraft authorization.
  • Factoring : Factoring is a commercial strategy whereby a financial company (in other words the factor) takes over the debts of a third company, on payment of a fee. commission. Factoring can be presented as an outsourcing solution for receivables.
  • The bank discount: the discount corresponds to the transfer of a negotiable instrument (characterized by a bill of exchange, promissory note etc …) to a bank in exchange for immediate cash advance. To summarize, the discount allows a company to quickly obtain funds from its bank.
  • The dailly : the dailly is a credit-type product that allows a company regardless of its industry to receive funds through a bank and by way of bill.

An alternative solution: crowdlending

An alternative solution: crowdlending

Crowdlending is literally defined as ” ready by the crowd “. It is an alternative source of financing within the framework of crowdfunding. This allows SMEs to raise funds from individuals, but also to qualified and institutional investors via a dedicated platform. The role of such a platform is to provide a quick, simple and flexible solution to companies meeting a specific need, such as the financing of stocks or cash.

See you on Best Credit

See you on Best Credit

As we saw earlier, the cash flow difficulties of small and medium-sized businesses are common, and each solution has its own advantages. Crowdlending is distinguished by the speed of access to funds and the flexibility it allows: without insurance or guarantee, deadlines adapted to the activity of the company, the ability to repay without fees …

Do you have a need for corporate cash? Fast and tailored to your needs, Best Credit financing solutions support French SMEs, with a 100% online solution. We connect investors who want to contribute to the real economy and companies looking for financing. We propose to finance you all types of needs, material as immaterial.