Free loans – what is worth knowing about them?

 

Free loans are becoming more and more popular. And this is not surprising, because in the face of unexpected expenses or so-called. we want to enjoy the extra cash at no cost.

It is a bit surprising that banks and other loan companies can offer offers that earn nothing. Free non-bank loans are usually short-term liabilities and for a small amount, but they are free only when the APRC, i.e. the total cost of incurring such an obligation, is 0%.

Entities that offer this type of financial support operate mainly through online platforms, and free online loans can be taken literally within a few minutes.

There is no doubt that a free online loan is becoming an attractive product, especially for those in financial need. Before entering it, however, you should learn the details of the offer and check whether the commitment has hidden costs. Very often, the first loan is granted for free online, and loyal customers have to pay a lot for the next ones.

Who are the free loans intended for?

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Free online loans are an offer addressed primarily to new clients of non-banking institutions. This is good support for those who need cash quickly, but not of great value because loans for free are granted for no more than about USD 3,000.

Their characteristic feature is that although the APRC is indeed 0%, such an obligation should be repaid quickly, within a few months at the most.

Only people with adequate creditworthiness can apply for a free loan even in 15 minutes. In most cases, it is not the source of earnings that is verified, but their value. Fast, free online loans can be used by people over 18 years of age.

How do you get a free loan online?

How do you get a free loan online?

Money in your account can be found in just 15 minutes. You just have to complete the electronic application and then undergo a quick data verification process – non-bank institutions most often use the option of USD transfer or a verification application, for example, Automatik. The whole procedure has been simplified to a minimum so that funds can reach the account of the needy as soon as possible.

Is it possible to get a free loan without BIK?

Is it possible to get a free loan without BIK?

Most loan companies that offer free loans check the financial standing of their clients. However, it turns out that not all. There are also those who reach out to indebted people, for whom free loans without bases become the “last resort” for debt relief.

A free loan without BIK is also an excellent offer for those who need financial support, but their credit history does not allow them to take out a loan. Free loans without BIK are possible, while the lender may set some restrictions for them.

The costs are still 0%, but the commitment can be made for a smaller amount and must be repaid faster. There is no doubt, however, that some free online loans without BIK become financial support for those who have no chance of a bank loan.

Ranking of free loans online – is it helpful?

Even before sending the registration form, it is worth getting to know the offers of various companies that offer free online loans. The ranking you can find online will be great for this. The ranking of online loans for free is a list of the best offers, taking into account various factors of this type of financial liability.

The ranking of free loans will help you determine which borrower will provide the highest value support and which will allow you to repay the loan in installments. The ranking will indicate whether regular customers of non-bank institutions can also count on 0% of the total costs.

New free loans – is it worth it?

Loans for free are certainly not profitable for non-bank institutions, because customers borrow money without any interest and give back exactly the same as they borrowed. Why are new free loans constantly appearing on the market? It’s simply a good marketing strategy for non-bank companies that want to lure more customers this way.

By offering a loan for free, they can be sure that the borrower will soon be back for the next financial commitment, and it will cost you. It is also worth paying attention to the terms of the contracts because free loans can cost a lot – for example, when the borrower is late in paying off this obligation. The interest for each day of delay is usually very high.

Is it worth taking quick free loans?

Is it worth taking quick free loans?

“Money on the account the same day”, “money in 15 minutes”, “the quick loan for free” are the most-promoted slogans of non-bank institutions that grant 0% commitments.

Fast free online loans are possible because in their case the data verification procedure and the borrower’s financial capacity are reduced to a minimum, and the decision is issued almost immediately.

Company credit cards: Find the right credit card for companies

If you are away on business a lot, or if you want to provide your employees and employees with a credit card as a managing director, you can use special credit cards that are specially designed for companies. These allow, for example, an easy accounting of expenses and offer a lot of information for the management of the cards. A business travel service is often part of the services offered on such a card.

The advantages of a credit card for corporate customers

The advantages of a credit card for corporate customers

If you use a company credit card and travel a lot, it is much easier to settle travel expenses with it. Thanks to the time saved, this leads to significantly lower accounting costs, especially for small and medium-sized companies.

Employees no longer have to pay for the company and all expenses incurred on business trips or business lunches are settled through the credit card company. All costs are listed in detail. Since the settlement of the payments made is somewhat delayed, the company has more air.

Which credit card model is suitable for companies?

Which credit card model is suitable for companies?

There are company credit cards with a larger credit line aimed at the special needs of companies. These are interesting for companies because the bills that are paid with them are only settled later and thus offer an additional loan.

What conditions should you look out for?

What conditions should you look out for?

There are many credit cards for companies that are often designed for special needs. The American Express corporate card with its numerous travel insurance policies is particularly suitable for corporate customers who have to travel a lot with it on business.
The Business Card from Fine bank, on the other hand, offers a double card: Business Visa is used to pay for business expenses, while MasterCard is used for private expenses. Since both cards are billed separately, operational billing is transparent.

If you are interested in a credit card for your company, you should also look at the other providers and their conditions in addition to the offers from your house bank .

There are free credit cards, but there are also those for which fees have to be paid. There are company credit cards that are linked to insurance and those that allow the card to be used free of charge abroad. That is why it makes sense to think about which services it should offer – and which ones are unnecessary before choosing the card. For example, if you are frequently sent abroad by your employer, you should use a card with which the international fees are as low as possible.

What needs to be considered in the cost structure?

What needs to be considered in the cost structure?

Like the individual conditions and additional services, the fees and costs vary depending on the provider. It depends on the type of card whether an annual fee or debit interest is charged. If the provider waives the annual fee, it should be checked whether interest is due or whether withdrawing cash from the machine costs a fee.

Abroad, it is quite common for a 3.5% fee to be charged when withdrawing cash with a credit card. In addition, there may be charges for converting USD into another currency.

If a credit card provider demands interest on outstanding amounts, they are about the same as a bank overdraft facility and usually have to be paid if the loan amount is paid in several installments. If there is a credit on the credit card, this can then also be paid interest. If something is deposited into the account and the amount is due later, there will be interest on the credit until the amount is debited.

When is responsibility for loans in a marriage shared?

 

Even in a very harmonious marriage, it is possible for one spouse to take out a loan, not to mention the other. Contrary to appearances, such things happen much more often than it seems. It is not always about debts or drugs that you want to hide from your partner.

Often money is borrowed to pay for a more expensive hobby, a family trip or a bigger surprise to please a wife or husband. When you urgently need funds, you do not think about the fact that the loan may not only affect your finances, but also your partner’s. Before you decide on such a step, think carefully about its consequences.

What is a property community?

What is a property community?

The consequences of taking out a loan may vary depending on whether or not there is a property community in your marriage. Such a community is formed at the time of marriage, unless the spouses have signed the intercourse.

Joint property after marriage means that every property acquired during the marriage becomes part of the joint property of the spouses.

Legal regulations emphasize that joint property includes in particular:

  • remuneration for the work of each of the spouses,
  • income from other gainful activities,
  • income from joint and personal property of each of the spouses,
  • funds accumulated on the retirement account (open or employee) of each of the spouses.

Despite the joint property, however, you can have assets that will belong only to you. Among them are:

  • things acquired before marriage, i.e. before the establishment of joint property;
  • items acquired as a result of inheritance, enrollment or donation, unless the testator decides otherwise;
  • items obtained as rewards for your personal achievements;
  • items acquired in exchange for personal assets, that is, for example, copyright and related rights, industrial property rights and other rights of the creator;
  • claims for remuneration for your work;
  • claims under other gainful activities;
  • items obtained for compensation for bodily injury or for causing health disorder or for compensation for harm suffered; however, this does not apply to the pension due to the injured spouse due to total or partial loss of work capacity.

Liability for debts and the property community

Liability for debts and the property community

Before the wedding, many people wonder if the property community is certainly a safe solution for them. The question is whether, as a spouse without intercession, you automatically take responsibility for debts incurred by your husband or wife. Fortunately, not always.

The law protects people whose spouse has borrowed without their consent. Article 41 of the Family and Guardianship Code clearly indicates that the creditor may also demand satisfaction from the joint property of the spouses if the spouse has entered into an obligation with the consent of the other spouse. Lack of such consent means that the joint property remains secure.

If you did not know about your spouse’s non-bank loans, then he or she should mainly be worried about how to pay back the debt. In the event of an execution, the bailiff will have the right to take:

  • his remuneration for work,
  • his income obtained by him from other gainful activities,
  • he enjoys the benefits of copyright and related rights, industrial property rights and other rights as the creator.

For a creditor to claim repayment from joint property, he would have to prove that you knew about your spouse’s loans and that you agreed to them, which is very difficult in practice. So if you are in a similar situation, as a rule you don’t have to worry about the shared part of the property.

However, there are exceptions to the above provisions that you should read if you are concerned that your spouse may have taken out a loan or has similar plans. In what situations will the creditor be able to demand repayment also from your joint funds?

  1. This can be done if the money borrowed has been spent on everyday expenses, such as buying food or paying bills.
  2. This can also be done if the money from the loan has been used for everyday expenses, i.e. for the purchase of household appliances or similar home accessories.
  3. This can also be done if it was used for activities related to the gainful activity undertaken by the spouse.

Simply put, if your husband or wife took out a loan for the usual needs of the family related to, for example, maintaining an apartment, buying clothes, raising children or protecting health, you will answer for debts together.

How to take loans in marriage responsibly?

How to take loans in marriage responsibly?

As a spouse, you have the option of taking out a loan without your husband’s or wife’s consent. However, this is a solution that can bring many unpleasant consequences. At best, they will affect your financial position. At worst, they will worsen the legal situation and destroy confidence in your relationship.

If you openly tell your spouse your willingness or need to take out a loan, you can not only count on understanding and support. If you convince a partner to this solution, together you will have a much better chance of a loan on better terms. Often, loans without the consent of your spouse are subject to various restrictions.

Most often, the amount you can apply for is reduced. Usually it amounts to a maximum of several thousand zlotys. A common desire to borrow money is particularly high in the bank. In such a situation, the bank assesses the creditworthiness of the entire marriage, not just one person.

Of course, if you decide to do it, you will be responsible for paying off the debt together with your spouse, i.e. all the components of the joint property. In many cases, however, you have no other choice. It is impossible to take a mortgage or a car loan without the knowledge of your spouse.

A loan taken out without your spouse’s consent – what to do?

A loan taken out without your spouse

If you have just found out about a loan that your spouse took out, you have the right to have concerns about your finances. If the loan has not been taken out without the spouse’s consent in connection with the payment of your spouse’s normal family needs or gainful activity, you will not be liable for debts with your property.

Ideally, however, if you consult your lawyer to make sure that in your case the creditor has no right to demand repayment of the debt from the joint property.

It happens that the creditor tries to force the repayment of the liability from the personal property of the debtor’s spouse. If this happens, you should send a letter to the creditor explaining his mistake. If this intervention does not work, you can report the case to the prosecutor’s office.

How to pay back loans after divorce?

How to pay back loans after divorce?

Perhaps in connection with the situation, you are wondering whether divorce will protect you from having to repay the loan taken during the marriage with the property community. Divorce loans don’t go away, but who will have to pay depends on who took out the loan.

If only your spouse made a commitment during the marriage, he or she will have to pay the debt with your money. In this situation, it does not matter whether you knew about the loan and agreed to it, or whether it was concluded without your knowledge.

However, if you borrowed money together, the creditor can help you repay only from one of you. Most often, he will choose the person who, in his opinion, gives a greater chance of paying off the commitment. After paying the debt, however, you will be able to claim half of the money paid back from your ex-spouse.