Money Borrowing and death

What happens to your loan if you die? Consumers regularly ask themselves this. Logical, because you do not want to leave your relatives with a loan that you have taken out. On this page you will find more relevant information about borrowing money and dying. We will focus in particular on the possibilities to cover (insure) you against the financial consequences of death in relation to the loan. If you have any questions regarding this, please do not hesitate to contact us.

Remission in the event of death

Remission in the event of death

Upon the death of the contractor (s), the lender will recover the outstanding loan from the surviving relatives. When the surviving relatives accept the legacy, the surviving relatives must realize that they must also meet this obligation.

It is often possible to take out insurance with a loan that insures the loan in the event of death. This insurance is called a remission in the event of death. In the event of death, the insurance company pays an amount that is equal to the outstanding amount at the time of death, so the remaining debt will be paid. Suppose you have taken out a loan of $ 20,000 and at the time of death there is still $ 15,000 outstanding, then $ 15,000 will be waived.

Insurance costs

Insurance costs

In Good Finance Financing is possible to insure your loan in case of death, which can be closed for only the first or 2nd contractor, or for both contractors. You pay a net premium for this insurance that is calculated for you, this premium depends on the size of the loan and your age. Good Finance will charge a one-off charge of $ 89 for the insurance mediation. You can find more information about this insurance here.

It is not mandatory to take out insurance with your loan, you decide this yourself! In summary, the total costs consist of two components: a one-off $ 89 mediation fee and then a monthly premium that is calculated at the time you make the (quotation) request.

Standard cancellation in the event of death in the loan

Standard cancellation in the event of death in the loan

With some lenders the loan is automatically insured in the event of death, this is often limited to a maximum amount. The costs for this insurance are then ‘packaged’ in the interest, which means that the interest is higher than with a lender who has no standard cancellation in the event of death in the loan.

Maximum age insurance in the event of death

Maximum age insurance in the event of death

With Good Finance it is possible to take out death insurance up to the age of 60, this is not possible above that.

Insurance not possible

Insurance not possible

In certain cases it is not possible to take out insurance through us. If this is not possible to take out death insurance with your loan, you can always ask insurance companies yourself whether it is possible to take out a separate term life insurance policy. This individual term life insurance policy pays out a sum of money in the event of death that you have agreed with the insurer in advance, so this amount is not linked to the remaining loan amount that you still owe to the lender.

Payday loan consolidation -Help via payday loan debt consolidation companies

In 2018, the debt per inhabitant of the Wrocław agglomeration amounted to 29.2 thous. Golden. As you can easily guess, mortgage loans constituted the vast majority of this value, as much as 23.2 thousand. Golden. The BIK report leaves no room for illusions, residents of Wrocław after Warsaw residents eagerly reach for loans.

Get help through payday loan debt consolidation companies 

Payday loan consolidation can also be a way out of the difficult financial situation. After taking advantage of the consolidation loan, the customer gains one, often smaller installment, can receive more favorable credit terms, increases his creditworthiness and has the right to use additional cash and spend it for any purpose.

There are many consolidation loan offers on the market. One of them is the offer of the bank – Consolidation cash loan, where the APRC is 8.94% and the commission remains at 6%. Another interesting proposition is the Mini Aktra offer (Consolidation) of the Pakori Bank and the offer of the consolidation loan of the Credither.

Wroclaw, as a large city, offers its residents not only a beautiful market, picturesque bridges or a number of entertainment in the form of a zoo or the famous Wroclaw aquapark, but also a wide range of financial and business services.

In 2018, 20 different banks operated in the city, which also had a dozen or so branches. Inhabitants of large cities, despite the fact that they have access to such a large number of companies and financial institutions, are increasingly willing to use electronic banking and apply for online loans without leaving home.

Loans Wrocław – purchase of an apartment

Loans Wrocław - purchase of an apartment

Every now and then new housing estates with beautiful, modern apartments are created. An apartment for everyone will find the one who dreams of life in the center, and an amateur of peace and quiet, who would like to have a view of the Oder from the windows of the apartment.

Unfortunately, apartments in Wroclaw cost a lot. Per 1 m 2 of residential premises, will have to pay an average of 6 000 zł, assuming that you do not choose a trendy neighborhood, or an apartment on the top floor of an apartment building.

Wrocław housing loans

Wrocław housing loans

When looking for the best offer for a housing loan in Wroclaw, you should check whether the bank’s offer applies only to the secondary and primary market, or whether it does not matter.

Next, compare the interest rate, APRC and commission charged by the bank. The above parameters are influenced not only by the loan amount or repayment period, but also by our history and creditworthiness.

Mortgages Wrocław – offers

Mortgages Wrocław - offers

Looking for the best mortgage in Wroclaw, you can go to the nearest branch of Pakori Bank and check the offer Home loan. An attractive offer was also prepared by the Credither and the Citi Handlowy bank.

Our observations show that the offers of these three banks can boast the best APRC and one of the lower commissions.

There are also brokers in Wrocław who help future borrowers deal with all matters related to the mortgage (delivery of documents on time, assistance in choosing the best offer).

Some developers (e.g. Murapol SA) even employ special advisers who help in calculating the customer’s creditworthiness and in negotiations with banks regarding better credit terms.

Wrocław loans – a company loan in Wroclaw

Wrocław loans - a company loan in Wroclaw

It is not without reason that Wrocław is referred to as a magnet for companies. Antal’s report shows that over 22% of entrepreneurs who plan to geographically develop their company indicate Wrocław as one of the most desirable locations.

Wrocław takes the second, honorable place right after Warsaw, thanks to the fact that it has a large potential of office space, good inter-city infrastructure and high availability of future employees – there are over 30 universities in the Lower Silesian Voivodship.

Loans for Wroclaw companies

Entrepreneurs who plan to develop their business in this city have a wide range of credit offers to choose from. Virtually every bank operating in the city has an extensive catalog of revolving and investment loans, or the so-called start-up loans dedicated to newly opened companies or startups.

Medial Bank has a wide range of loans for companies, which, depending on the purpose of lending, adjusts the offer to a specific customer. You can also take advantage of the development and investment loan, loan for professionals or financing opportunities for companies. Pakori Bank grants mortgage, revolving and start-up loans to small and medium-sized enterprises from just one day of operation.

Banks such as MyBank, Jest Bank and Meteor Bank, which occupy high places in the rankings of company loans, are also very popular. In Wroclaw, you can also use the services of private companies that mediate in the process of obtaining a loan.

Wrocław loans – payday loans without BIK

Payday loans Wroclaw is an offer of parabanks addressed to people who need a quick injection of cash, but for some reason do not meet the strict conditions set by the bank.

A customer applying for this type of loan can count on a loan, which usually does not exceed several thousand zlotys and is granted for a very short period – usually 30 days.

Repayment of the loan consists in the timely, one-time return of the entire borrowed amount, otherwise very high financial penalties will be charged. Some loan companies offer free first loans.

By using this proposal, the customer pays exactly as much as he borrowed, without paying any commission. Such an offer has been prepared, for example by ByLoan, Valoan or MetLoan.

Bad credit history and credit

Bad credit history and credit

People who not only do not meet the bank’s conditions, but also have a large backlog of payments and have a negative credit history, can think of such a product as loans without BIK Wrocław. Loans without BIK are granted to persons who have a problem with financial liquidity at a given moment.

In such cases, the lender usually does not check the credit history in the databases of the Credit Information Bureau or the National Debt Register and makes the loan decision almost immediately.

This type of loans is burdened with very high costs – the lender must somehow protect against any problems related to delay or non-repayment.