Online Payday Loan Bc -Ihrdkerala.Org Instant approval payday loans online no credit check -Business Loans Sat, 22 Jun 2019 11:49:51 +0000 en-US hourly 1 How to return the insurance paid on the loan Sat, 22 Jun 2019 11:49:51 +0000 Read More Read More


In the process of applying for a loan, you need to be prepared for the fact that the bank will offer to conclude an additional insurance contract. Why is it profitable to him? Due to the insured amount, the size of the loan increases, which leads to an increase in interest payable. It is also a way to protect yourself from the risk of no return of funds.

The client may be told that this service is in its interests. After all, if he is not able to repay the debt and does not take out insurance, then all his property will go on sale, and he will be left with nothing. But since 2015, a bankruptcy procedure has been in place for individuals, which once again underlines that the imposed service is beneficial to the lender, and not to the borrower. In this article we will try to figure out how to return the insurance already paid .

We study the theoretical side of the issue

We study the theoretical side of the issue

After the conclusion of a financial transaction and the receipt of money, it’s time to be puzzled by the upcoming return of over-accrued payments. You can return them through a bank or insurance company (UK), which signed the contract. To whom it is better to turn – it is decided individually on the basis of judicial practice in similar cases of a particular region, the terms of the transaction and the characteristics of counterparties.

Insurance has its own specifics depending on the type of loan: for cars, mortgage, consumer. Despite the theoretical right to refuse extra conditions, the bank may simply not give out money or reduce the period, increase the down payment, prescribe additional fines. Almost always, the client is imposed on life and health insurance, as well as risks from the loss of a source of income .

At the stage of registration of the contract, it is almost impossible to cross out unnecessary payments. You just will not work further. But you must read all the documents and check them for a choice of the type “I agree to life insurance”, etc. It is important to study the language on the issue, otherwise it will be extremely difficult to prove in court that the service was imposed on you . The defendant will say that you just did not read the contract . Practice shows that most often there is no choice in the documents. This allows you to easily return the amount paid retroactively.

The repayment period starts one month after receiving the loan and is valid for 3 years after the completion of the transaction . Few people know that you can fight for insurance payments on an already closed debt. If the loan is still active, then the overpaid amounts will go towards the debt owed to the bank.

We apply to the bank

First of all, we prepare an application for the return of insurance in two copies . The method is relevant if it was written off in one payment. Some financial institutions may provide a sample of such an application at the request of the borrower. Although they do it reluctantly. The legislation also allows you to write it in free form (an exemplary sample can be downloaded by reference). This will save the client from possible “pitfalls” in the form compiled by the lender. When submitting an application, be sure to ask the manager to put a mark on your copy on its receipt. If the insurance premium is deducted every month, then in circulation you need to indicate the need to return the amounts already paid and suspend the insurance contract.

The answer must come within 10 days. Usually this is a standard “unsubscribe” with the disagreement of the fact of imposing insurance. In exceptional cases, the bank may accept the application and satisfy the request for a refund. Perhaps the lender will simply ignore the papers received. If the situation has not been resolved in 10 days, the next step is to go to court .

In case of refusal, we file a lawsuit

In case of refusal, we file a lawsuit

When applying to the court should be based on the provisions of paragraph 1 of Art. 428 of the Civil Code. They indicate that the credit transaction relates to the connection agreements. This means that the conditions are set by the lender, and the borrower only agrees to them without the right to change . Your goal of a request to a financial institution is to receive money, you did not need other offers. Therefore, insurance was imposed.

Next, see Art. 16 of the Law “On Protection of Consumer Rights”. It states that the terms of the contract, which infringe upon your legal rights, are considered invalid. It is impossible to condition the purchase of some goods (works, services) by the purchase of others. Also, the seller has no right to provide additional services without the consent of the consumer . Otherwise, the buyer may not pay them or request a refund of the amount transferred.

In court, focus on the following facts:

  • Receiving money was possible only under conditions stated by the lender;
  • due to unnecessary insurance, the final amount of the debt has increased significantly;
  • insurance is a separate service from crediting;
  • according to the law, a citizen is not obliged to insure his life and health (part 2 of article 935 of the Civil Code of the Russian Federation);
  • imposing insurance payments violates your consumer rights;
  • the transaction does not comply with the laws of the Russian Federation and must be declared invalid (art. 168 of the Civil Code of the Russian Federation).

Prepare copies in advance for all case documents, including payment receipts. Collect everything that is relevant to the issue. If the lender refuses to issue any papers, then send a petition for their recovery along with a lawsuit.

If the amount of insurance is up to 50 thousand rubles, the magistrate will consider the case. As the amount grows, the district court will take care of this. The application must be sent at the location of the bank or at the place of residence of the applicant. Pay a state duty in the case of violation of consumer rights will not have to . This rule is established at the legislative level. In addition to the return of insurance sums, you can claim the return of interest for the use of your overpaid funds, as well as compensation for moral harm.

Summing up


Be prepared for a fairly lengthy and psychologically stressful procedure. It is not in vain that large-scale legal departments with competent specialists are organized in credit and financial organizations. If you wish, you can find the necessary loophole in the laws. And in different courts one situation can be interpreted differently. You can also seek legal assistance. Remember that if you win, the cost of the work of such an assistant will be returned to you as legal fees, which will be recovered from the defendant.

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Why getting a small business loan can be difficult Fri, 21 Jun 2019 13:41:16 +0000 Read More Read More


Most business owners do the same thing in terms of financing: gathering a series of documents, going to their local bank… and praying. If you are talking to a traditional lending institution can offer excellent products, this is certainly not the best avenue for business owners who want to access capital.

In the modern world, cash-strapped or fast-growing businesses need money quickly. But traditional banks do not have the essential ingredient that business owners need; Fast turnaround time

Many times, business owners can spend several hours gathering their documents that a bank may require, and then wait 10 days for the bank to withdraw their credit (no kidding). Take a look at this below: We pulled this directly from Crediter

As you can see, there is a ton of documents to enter to start the process. This can be a daunting task.

But below, you’ll see why all this documentation is needed. Here is a picture comparing the number of Crediter 7 (A) loans with the average size of Crediter loans over the last 10 years. As you can see, the number of Crediter loans has dropped significantly and the size of the loans has increased. Why is that?

This is the case for several reasons, but before exploring these reasons, consider this: In 2012, the average loan granted by the Crediter amounted to 350,000 euros. Is it safe to assume that all companies needing a cash injection need 350,000 euros ?!

Three hundred and fifty thousand euros represent a huge debt for your average small business. In a study by Forbes Magazine, the average small business generates € 44,000 a year. Medium-sized companies are unlikely to commit to the average debt of the Crediter and the big banks.

OKAY. Here is my shot.

Let’s see why getting a small business loan in a traditional bank is hard to accomplish.

1. They do not make money on you.

1. They do not make money on you.

Let’s be real. Banks are businesses and they have to make money. While their CEOs describe the bank very well as a place for depositors, they aim to make money. When the average owner of your business comes in and earns € 44,000 a year and the average bank loan is € 337,000 and the average rate is 6.25%, do the math. Of the € 337,000 over 10 years at 6.25%, the current value of the note in the tenth year is € 454,060.71.

Here is the calculation of the case. The bank earns $ 117,060.71 over 10 years, or $ 11,706.07. For a business owner making 44,000 euros per year, the amount of 11,706.07 euros seems to be a very good deal.

But check this:

If you go into Yahoo Finance, type “BOA” and check the income statement, you will see that the total turnover of Bank of America amounts to 95 181 million USD.

Here is my point.

They do not make money on you, the owner of a small business.

It’s literally 1.2298e-7

2. Most business owners can not qualify

2. Most business owners can not qualify

At a recent study done at only 1 in 5 small businesses that apply for an Crediter program can be approved.

A) Credit conditions

For starters, the average credit rating for a traditional bank approval for a small business loan is at least 680.

If you are under 680, you can count on the fact that you will not be approved. Unless your compensation factors (activity time, income, use of fundraising, commercial credit, etc.) are so outstanding that the branch manager has called.

B) Revenue requirements

As we pointed out previously, the average activity in America generates 44,000 euros per year. Here at Ventury Capital, we can only get approval from the Crediter if a business owner has generated € 200,000 a year.

That’s five times the national average.

We believe that the reason behind this, regardless of margin, personal credit rating, time and business, is due to the fact that they can not make money with such a small loan.

C) Required documentation

You see above the list of documents required for submission.

It’s a lot.

Quite frankly, most companies do not have all of these documents when they need money.

They just know they made the money.

So, there is the first hurdle to collect:

i) Personal context – Better to pass. Criminal records are a “no-no”
ii) Resume – All business owners and shareholders must submit a resume.
iii) Business Plan – All loan programs require a solid business plan to be submitted with the loan application. The business plan must include a complete set of projected financial statements, including an income statement, a cash flow and a balance sheet. These must meet their requirements.
iv) Personal Credit Report – As stated above, must be greater than 680. Do not appreciate tax privileges, judgments, bankruptcies, unpaid bills, or recoveries, commercial or otherwise.
v) Business Credit Report – Do you even know what business credit is? Do you have any? Do you know what is your Paydex score?
vi) Tax returns – You can not take too much house or too little.
vii) Financial Statements – Balance Sheets, Profit and Loss, Business Income Tax Returns. Can not bear the losses. Regardless of anything you want to erase, it can hurt you.
viii) Bank Statements – Make sure there are no negative days, NSF. make sure your daily final balance stays above 10% of gross deposits. Make sure you do not have significant fluctuations in your business. Crediter loves consistency. Seasonal businesses are left in the dust.
ix) Guarantee – This is where they receive you. Strong businesses can avoid this, but most often your home is not used as collateral.
x) Legal Documents – Commercial Lease, By-Laws, Shareholder Agreement, Commercial Leases, etc.

It’s just to start.

3. Regulations make things difficult

3. Regulations make things difficult

As a result of the financial crisis, the demand for small business loans has declined significantly. At the same time, lending standards have tightened considerably. As a result, companies that saw DID as an opportunity to grow during the crisis could not access the capital they needed because the EDF had blocked it.

According to the Office of the Controller of Credit’s Underwriting Practices Survey, banks have strangled corporate lending standards in 2008, 2009 and 2010. In 2011 and 2012, the problem of loan standards was dropped… a little bit.

But as the recovery actually progressed, lending standards for small businesses continued to tighten. All this despite the beginnings of the recovery. These stricter standards were motivated in part by increased oversight of regulators. In the wake of the Great Recession, regulators began to take a closer look at small business loans.

They demanded that the banks raise the bar.

4. Personal credit is the key to approval

4. Personal credit is the key to approval

It’s really a unique situation with all the personal credit. During the 2008-2011 debacle, many people, but especially business owners, suffered huge financial losses. The end result is that the personal credit of business owners has been hit hard.

Many have had a personal guarantee of their business, they lost their home or investors lost their IRAs, their pensions and their real estate were seized. We have seen hundreds of credit reports ranging from 750 to 500.


That does not mean they have a bad deal right? As the recovery continued, business owners were still stuck with this lower credit rating because of this 3-year period.

They still have today. Thus, when it comes to obtaining a loan from a small business from a traditional bank, history often precedes the ability of a business owner to access capital.

Examine the average personal credit score over time, broken down by age. So what can you do to give yourself a better chance of getting approval for an Crediter loan?

1. Make sure your credit is well placed. There are thousands of credit repair companies. We recommend the National Credit Federation.
Not only do they have 1000 testimonials and millions of deleted tradelines. We own them. We are proud of companies ?

2. Make sure you understand what a true business plan is and how to structure it.

We have free content on how to collect this here:

3. Time spent in business is always an advantage.

One way to take advantage of this is to understand your market. As with anything else, the markets are changing and the one who is most willing to capitalize on this change is winning.

Wait for a moment of the year when you will find that a great effort could be made. Even 12 months to 18 months is a big difference in terms of qualification.

4. Increase your sales.

I know that goes without saying, but remember that the average loan of the Crediter is 337,000 euros. To qualify, it is better to have good sales on your books without losses.

If you click on this link, we have other tips for getting a small business loan.



Money for capital is the key to your success.

Understanding what the company will do to qualify for a bank loan is also critical to your success.

The Crediter is not a bank, but a guarantor on the note issued by a bank. This ensures that your notes are protected by the federal government.

It is difficult to qualify for a small business loan, but every year, billions of euros are eligible.

You will want to be sure to have all your “ducks in a row” before going to your bank on the street. They will ask you for documentation.

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Get a Loan in Petersburg Mon, 27 May 2019 12:01:28 +0000 Read More Read More


In the first half of the 15th century, loans in St. Petersburg could be issued only by state organizations, and then, far away, not all. Only the Chief Lender, the Manufactory Board, the Central Post Office and some others had such an opportunity. Not everyone could get loans either – mostly it was industrialists of the nobility. In the second half of this century, changes began. And now, in 1754, in order to stop the growth of foreign loans and the activity of usurious actions, the Bank opens at the St. Petersburg commercial port.

The first loans in St. Petersburg

The first loans in St. Petersburg

The authorized capital of the bank was 500 thousand rubles – this is the approximate cost of five full-fledged factories. The first loans in St. Petersburg were issued at 6% per annum, for a period of not more than six months and only under commodity pledges.

Loans from the bank very soon everything was dismantled, but not all of them were returned. The state treasury did not strive to regularly replenish the bank’s capital. Sometimes the government gave orders to issue loans to noble persons. In general, the government was much more interesting to give loans to nobles, as a rule, on the security of their estates. For this, in the same year, the Noble Bank was opened, which later became the State Loan Bank. Its authorized capital was already 750 thousand rubles. For several decades this bank has been actively working, issuing loans in St. Petersburg to the whole nobility. The purpose of loans from the nobility, basically, was not of a production nature, but the estates that were issued on bail were pledged again.

Usurers in Petersburg

Usurers in Petersburg

Along with the appearance of the first bank in St. Petersburg, the government issued a special decree, which established the maximum annual interest rate on a loan of 6%. Despite this, it was unprofitable and expensive to take out a loan to many merchants. And after the closure in 1770 of the Merchant Bank, merchants began to lend to each other, and again relations with usurers became more frequent. And then state control over the issuance of loans in St. Petersburg and the interest rates on them, almost dried up. Interest on loans increased by several times and sometimes reached 52% per year.

Loans in Petersburg today

Loans in Petersburg today

Nowadays in St. Petersburg there are all kinds of loans. Loans in banks, loans in MFI. Usurers and private individuals are also actively issuing loans to the population on their own terms. Type of loan can be selected based on the current situation. If you need a large amount – it is better to contact the bank and arrange a loan. If you need to take a small loan in St. Petersburg, it is more convenient to contact a microfinance organization.

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What you need to know about loans and bank cards Fri, 24 May 2019 11:42:57 +0000 Read More Read More

In order to benefit from one or another financial product, you need to know its features. What are credit cards, how best to dispose of them, what do their names mean? The same is true for loans. Where to find the balance of your debt, what types of financial transactions occur? We divide these and other questions into two thematic blocks and give brief answers to them.

Useful Loan Answers

Useful Loan Answers

1. What types of bank loans exist

They can be divided into several types according to the main features:

  • by appointment, target and non-target;
  • by urgency – short-term, medium-term and long-term (up to a year, from year to three years and over three years, respectively);
  • on accrual of remuneration – with interest and interest-free;
  • by way of provision – in one amount, overdraft or credit line;
  • in the form of issue – cash and non-cash.

2. How are credit transactions different from installment plans?

The first are with the bank for a specified period and at interest with a monthly payment. Money can be issued without specifying the purpose of their spending. Installment is provided for the purchase of a particular product. The deadline and procedure for transferring the amount set by the seller. Interest on such contracts are not provided.

3. Is it possible to issue a loan on a copy of a passport

3. Is it possible to issue a loan on a copy of a passport

Not. Not even a notarized copy will work. All banking institutions require from the client the original passport. This restriction protects against situations where a fraudster is trying to take money under an assumed name.

4. How many loans can one person take at a time?

4. How many loans can one person take at a time?

Theoretically, the number of open transactions is not limited, if it is possible to close the debt without delay on each of them. But in reality, the bank may refuse to re-issue funds. Especially when it comes to a large amount – a mortgage or car loan. Also in the same institution it will not be possible to arrange two contracts of the same type, it is better to apply to different banks. Make sure that the debt load does not exceed 50% of monthly income. If difficulties arise, you can arrange refinancing.

5. Is refinancing possible if there is a delay

5. Is refinancing possible if there is a delay

Most often, customers who violate payment discipline are denied refinancing. First of all, you need to contact the bank where the contract was concluded, and ask them to review the conditions. Well, if the cause of violation of the terms is respectful. A citizen will be able to offer restructuring or other ways to ease the financial burden.

6. Where to see the size of your debt

You can find out the current debt in a bank branch, an ATM, special terminals of an institution, through your personal account of the Internet bank, a mobile application and using an SMS request. If none of the methods came up, call the support service of the credit organization. To find information you need a passport and a contract.

7. How to deal with payments if you lost your job

Immediately notify the lender and provide a copy of the employment record with the record of dismissal or reduction. Do not tighten with the notification of the bank and do not save overdue. Restructuring or credit holidays may be offered as a solution. Sometimes the case of job loss is included in the insurance. Check with your manager if you designed it.

8. Can a citizen of the Russian Federation take a loan from a foreign bank?

Legislation is not prohibited. But you may encounter difficulties when transferring funds and communicating in a foreign language. Foreign organizations impose more stringent requirements on such clients and do not consider their applications in the first place. In some cases, it will be necessary to involve a guarantor – a citizen or resident of the state chosen for cooperation. If we are talking about a mortgage, the property must also be foreign.

9. Is it possible to take money without the consent of the spouse

9. Is it possible to take money without the consent of the spouse

Yes. It is required when you make a contract, the pledge of which is joint property. It can also be requested if the money goes to family spending or the expenses of minor children. In other cases, permission is not necessary to take. If you find out that your spouse has applied to a credit institution, and you are against it, send a written statement of your position to the bank. The manager will keep this fact in mind during the application process.

10. What is the limitation period for a loan

10. What is the limitation period for a loan

This is the period of time during which the financial institution has the right to collect money under the contract if the borrower does not return them. It lasts exactly 3 years since the last receipt of funds in the account. When the limitation period is over, the organization will not be able to demand the return of the debt. Legislative regulation of this issue is carried out in accordance with Chapter 12 of the Civil Code. An important clarification: the term is calculated only in the case when there is no interaction between the bank and the client. If the institution attempts to contact the debtor, transfers the file to the collectors or to the court, then it will not be possible to avoid responsibility.

Important facts about bank cards

Important facts about bank cards

1. Debit or debit – how to correctly

The correct spelling and pronunciation of the rules of the Russian language “debit card”. The emphasis falls on the third syllable. The adjective is derived from the noun “debit”. In accounting, this term is used to denote an increase in funds in active accounts. In informal communication, customers can use the debit card and debit card options (similar to a credit card).

2. Is it possible to divert a debit card to a minus

2. Is it possible to divert a debit card to a minus

Yes, if overdraft is connected to it. With this service you can pay for purchases when the money in the account has run out. In order not to go into a big minus, a limit is set. The amount spent will have to be returned with interest and on time. Activate this service at the time of registration or during the period of using the card. To find out about its availability, you can contact support or check it yourself in the Internet bank. There is also a technical overdraft not permitted by the client. It may occur:

  • during foreign exchange transactions (bought something abroad, and the amount was written off after 3 days at a different rate);
  • when withdrawing all cash in another ATM (withheld a fee in excess of the amount);
  • when charging for plastic services (if there were not enough funds on it).

High interest and penalties are charged on unauthorized overdraft. In order not to run into problems, carefully monitor your financial operations and keep at least the minimum reserve amount on the card.

3. How to understand which card I have – debit or credit

3. How to understand which card I have - debit or credit

The easiest visual way is by design. Most often, just go to the website of the issuing organization and compare the pictures. In some cases, “Debit” or “Credit” may be indicated on the front side. You can also contact the bank’s call center for help by providing your full name, plastic number and code word, or you can check the information yourself in the agreement or in an extract from the online bank.

4. What to choose – credit card or debit card with overdraft

If there is a need for regular purchases on borrowed funds, it is more profitable to use a credit card. According to it, banks offer more loyal conditions. In comparison with overdraft, the amount of credit cards is higher, the percentage is lower and the period of use of money is higher. You can return the debt on them in parts, and not in one payment. And the main difference is that many credit cards have a grace period in which you can get a refund without interest. In addition, they are often offered interesting bonuses, privileges and gifts for shares.

5. How to use a credit card

Use it mainly for cashless payment of goods and services. Carefully follow the interest-free period and repay the entire debt before it expires. If you translate only a part, the benefit is canceled, and the interest will be charged on the balance. Avoid cash withdrawals and transfers to other people from the card account, since such operations are often charged a large commission.

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Is a business loan right for me? Thu, 02 May 2019 11:24:09 +0000 Read More Read More


Most entrepreneurs who are building their businesses will need capital financing from time to time. You need cash for business expenses such as procuring inventory, paying salaries, purchasing equipment, and marketing needs. Instead of mixing these expenses into the profits you get, a business loan can cover these costs to keep your cash flow in balance. Business capital loans can be very beneficial during the growth phase, to facilitate fluctuating cash flows or to prepare the business for entering a solid season of orders. Another advantage of using a loan instead of using your own profits for the development of your business is that this loan simplifies cash flow management significantly by clearly separating profits and working capital.

If you are considering borrowing money for your business, consider carefully how the funds will be used. If you know that the profit margins of sales obtained will be able to put you in a position to pay off your loan quickly, then this small business financing solution is a good choice.

Having a detailed business plan is very important to ensure that the use of this extra working capital will encourage your income to increase significantly — in a comfortable position to repay the borrowed funds.

How best for me to take advantage of the business loan obtained?

How best for me to take advantage of the business loan obtained?

To successfully multiply your income, use this business loan to:

  • Strengthen the team. Choose employees who will hold key roles — those that allow you to focus on doing other parts of business growth. Having the right individuals in the team is the best investment available.

  • Invest in equipment or technology. Whether renting or buying, quality equipment can be a breakthrough for the pace of your business to continue to grow. In the present, investment, especially in the field of technology, is one of the best ways to improve business efficiency.

  • Marketing. Encourage consumer awareness of your brand, and convert them into buyers through means such as Google AdWords, Facebook Ads can be something interesting to see the results.

  • Expand store. If you are in a wholesale business, your office or shop window is often the main representation of your brand. Make sure it looks attractive. If your business is born first through an online platform, then it’s time to open an additional store.

How can I get a business loan?

How can I get a business loan?

We provides business capital to help various types of businesses grow. Our loan funds can be used to recruit new employees, buy inventory, and invest in marketing initiatives. When profitable opportunities arise, you will need capital to be available as soon as possible. While traditional lenders usually take weeks and sometimes even months to approve loans, we can give you capital in just minutes.

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