How to make an unsecured loan
Just as a private detective scours the lives of others to discover their way of life, risk analysts dive into the documents we give them to draw conclusions about our ability and intention to repay loans.
We are going to try to put ourselves in the shoes of the manager who has to decide whether to grant or deny us the loan we are requesting, based on the papers he has requested from us. We will try to understand how his analytical mind works.
The decision of Mario Draghi, president of the European Central Bank (ECB) to leave the official rates close to zero (not in vain the remuneration of the deposit facility – where banks can deposit their liquidity – is negative) has a clear benefactor, everyone who has a mortgage at a variable interest rate and who reviews it at this time.
Perhaps one of the most informative data; with the bank statement the analyst can know how much we spend and on what. With the evaluation of our consumption patterns can be inferred our ability to save and manage our personal finances.
How do banks know what loans I have
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Through this service we offer you assistance with your banking products and services. For balance information, making payments and transfers, you can connect to your account through Mi Banco Online or contact TeleBanco.
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You use your home as collateral when you borrow money and “guarantee” the financing with the value of your home. This means that if you do not repay the financing, the lender can keep your home to cover the repayment of your debt.
Refinancing your home, getting a second mortgage, taking out a home equity loan or a home equity line of credit (HELOC) are common ways people use their home as collateral to obtain home equity financing. But if you are unable to repay the financing, you could lose your home and the mortgage amortization you have accumulated. The accumulated amortization on your home mortgage is the difference between what you owe on your mortgage and how much money you could get for your home if you sold it. High interest rates, finance charges and other closing and credit costs can also greatly increase the cost of borrowing money, even if you use your home as collateral.
How to cheat the bank on a loan
Getting an immediate loan is a relatively quick process that in most cases takes just a few days. However, there are times when we need the money more urgently, immediately. In order to provide an immediate response to these situations, a series of fast online loans have emerged that can be accessed practically instantaneously. We tell you how to get one and what are the most common conditions for this type of financial product.
In the network there are many offers and types of immediate online credits, so a first step to get the one that suits us best is to simulate the loan, as well as compare the conditions, requirements and commissions it has. Let’s review the most common ones.
The amounts of money that are lent instantly usually have a fairly wide range; we can find from immediate online mini credits that offer amounts from 50 to 1,000 or 2,000 € to credits of higher amounts that can exceed 5,000, 10,000 or 20,000 €.