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What can you buy with a works credit?

The works loan is a consumer or real estate loan dedicated to financing works, works that can be carried out by the owner or by a professional craftsman. Here is how this credit works.

Buy materials for works


The work loan is generally a consumer credit, the maximum amount of which is 75,000 USD, beyond that, it is a mortgage. Most of the works are based on amounts of less than 75,000 USD and they can finance the purchase of materials.

There are two cases in this sense, either the borrower opts for a personal loan dedicated to works, in this specific case, he does not have to provide supporting documents.

Either he opts for the loan of the assigned work, funding directly linked to the purchase of materials and the amount of which must be justified by an estimate, ideally an estimate from a store specializing in materials and DIY.

These materials can be diverse and varied:

  • Kitchen, furniture, storage
  • Bathroom, WC, showers, plumbing
  • Gardens, decorations
  • Structural work, concrete blocks
  • Heating, ventilation, air conditioning
  • Joinery, windows, doors
  • Paintings, wallcoverings
  • Floors, tiles, parquet floors
  • Electricity, home automation, lighting

Works credit to pay a craftsman


The works credit can also be used to finance the payment of a professional craftsman, in addition to or in replacement of materials, depending on the type of project and the level of support by the craftsman.

Note that work related to energy savings may give entitlement to tax credits (see this website for more information).

For artisans, it is advisable to opt for the affected work loan, that is to say, that the amount of work is only granted if they are actually carried out, this avoids ending up with a loan to repay while finally, the works fall into the water, security to take into account.

The work loan is therefore valid for all types of professionals:

  • Masons, earthwork
  • Roofer
  • Plumber
  • Carpenter
  • Plasterer, painter
  • Cook
  • Decorator

Simulate your work loan online


Many households buy old buildings or have them built, which necessarily requires development and renovation work to benefit from a renovated and perfectly regulated habitat.

We must, therefore, focus on requesting the right work loan, either in the form of assigned credit or in the form of a personal loan, but also take care to avoid the tedious steps of going to bank branches or contacting organizations. credit.

Rather than wasting time, it is strongly advised to use a simulated online work loan, this saves time in your procedures but also takes advantage of the best offers of the moment, especially when a bank or an organization financier performs a one-off promotion on credit rates.

The online simulation is done without commitment and free of charge, one more argument to save precious time.


Borrow money: How to compare the interest

When you focus on taking out a loan, you naturally need to compare interest rates. But what about interest? What are the interest rates based on? What does fixed or variable mean? Therefore more about interest this week.

To start with the basics: interest is the fee that you pay for borrowing money. This is also the reason that a loan costs money. Because of that interest, you pay your Good Credit provider back more than you have borrowed.

Interest rates of loans

Interest rates of loans

The interest that you pay for your loan consists of a basic payment and a surcharge. The basic reimbursement is determined on the basis of the market interest rate. That market interest rate is what the bank itself pays to borrow money.

Increasing demand for loans means that the market interest rate is rising. Borrowing money then becomes more expensive. Does the question decrease? Then borrowing becomes cheaper and you borrow at a lower interest rate.

The surcharge component of the interest rate is determined by various factors:

  • If you borrow a larger amount, you borrow at a lower interest rate.
  • Do you opt for a loan with a short fixed-interest term?
  • Then you are cheaper than with a longer fixed-rate period.
  • When providing a loan, there is always a risk for the bank that the loan will not be repaid. High risk means a higher interest rate.
  • Do you have a home of your own? Then you often benefit from a lower interest rate.
  • Finally, the costs that a bank incurs also have an influence. You can think of personnel and office costs, for example.

Borrow money online: lower interest

Borrow money online: lower interest

This immediately makes it clear why borrowing money online has major advantages. At Good Credit, for example, we specialize in providing loans. As a result, we have fewer staff than large banks. Our office costs are also lower and the processes optimized. You can see that in our lower interest rate.

Continuous Good Credit with variable interest

Then the choice between fixed and variable. A fixed interest rate is part of the personal loan. You borrow a fixed amount at a fixed interest rate. The term of your loan is also fixed. This way you know exactly what you spend on your loan every month. So no surprises.

The variable interest rate of a continuous Good Credit may change. This is because the influence of fluctuating market rates plays a role here. Even if the costs that your lender incurs change, you may see this reflected in a higher or lower interest rate.

Compare interest rates

Compare interest rates

Are you going to take out a loan? Ask yourself whether the interest may be variable. Or do you prefer the certainty of a fixed interest rate? You can find more about the continuous Good Credit with variable interest and the personal loan with fixed interest on our website.

You can also compare the interest rates of different providers here. Or request a quote. Our Good Credit advisors are happy to think along with you about the best loan for you.

Ask yourself; how much money can I borrow? Then our calculation tool offers a solution.


Housing loans are a big burden or a great opportunity

Disputes over whether to borrow from the bank to buy a house or apartment have been going on for a long time and are unlikely to end.

Opponents of the mortgage claim this type. Loans in Russia are essentially slavery that borrowers fall into. This is due to the excessively high interest rates and thus the amount of the monthly payment, which leads to the total income of the entire family of the payer. In Europe and the United States, they are many times lower.


Home loan

Home loans

Well, those who want to take out a home loan are aware of all the risks and difficulties they will face, but consider them the only way to solve the housing problem. In fact, only a few individuals can afford to buy real estate from their own resources, the question for the rest of the population is different: they have to make a living or pay an “uncle” for rented apartments, in the hope that they will Situation somehow solves or lends bank and live in your house. When we look at the situation from this point of view, the thought of getting a home loan doesn’t look that terrible anymore. Strange but true: everything is relative.

One of the first to start practicing loans was a Agree bank. Construction finance can be offered there at very good conditions. In addition to standard programs, there are, for example, special refinancing arrangements for loans previously taken out. The latter is in demand among those who received a mortgage loan of over 20% a year a few years ago. These numbers seem incredible today, but under the conditions at the time, no other options were offered.


What are the requirements for a home loan?

home loan?

Agree bank, like other financial institutions, lends money as secured by existing real estate and what is acquired. It can also be assumed in the form of collateral that the borrower is other assets.

Minimum interest rates traditionally work in a foreign currency. Rubles are the most attractive conditions for young families who are planning a home loan. So in rubles you have to pay 10% per year, and the maximum term for which you can borrow money is 30 years. This offer is valid for families in which at least one of the spouses is not older than 35 years. The minimum size for the down payment is only 10% of the value of the property purchased.

When we talk about borrowers whose age has passed for thirty-five years, the interest rate in rubles starts from a mark of 12%, depending on the type of loan, ie, according to which property it is issued. The first rate is 10 to 15%. At the same time, it is usually smaller for apartments and more for private houses under construction.


Traditional loans for construction projects

Traditional loans for construction projects

Real estate borrowers cost more than finished apartments. At the moment, however, there are special conditions in Agree bank, according to which it is possible to obtain a loan for the purchase of a property that has not yet been handed over on approximately the same terms as for a property accepted by a state commission.

In order to get or not get a loan, the case is certainly individual. Due to the constant growth of property prices, you can save your whole life to buy a house or apartment and never reach your goal.


Can you go over your credit limit?

If your credit card comes with a credit limit, the maximum amount that you are “allowed” to top up on your credit card, you have probably asked if it is possible to go beyond your credit limit. You may like to provide a purchase larger than your credit. You may be wondering exactly what happens when you swipe your credit card for a purchase larger than your credit limit. No matter whether you go over your credit limit is actually up to you.


You can opt out of over limit fees

credit limit fees

Credit card companies are required to give you the opportunity to see transactions that you would have set back across the border. You can decide or decide on the limit transactions at any time.

You can decide in up to the limit fees to avoid the embarrassment that your credit card declined or simply for the convenience of being able to go beyond your credit limit. If you have activated, it means you have chosen to be able to go beyond your credit limit. Purchases that exceed available credit are usually made, but usually only a certain amount is specified by your credit card company.

Opting out, on the other hand, would cause any transaction that would exceed your credit limit to be rejected. This can save you costs from any credit limit fees charged by your credit card issuer. It also keeps you going over your limit and creating more debt than you can afford to repay.

Once your credit is already over your credit limit, additional transactions can be declined because you don’t have any additional credit available. This can happen even if you have opt-in.


No More Over Limit Fees?

The ability to view and correct your credit report

Many credit cards have eliminated credit limit fees that would be charged if you go beyond your credit limit. Credit card company that has fee-related fees has to follow certain rules.

If your card issuer charges a fee, the fee cannot exceed the amount that you have exceeded your limit. For example, if your credit limit of $ 15 goes beyond the maximum fee you can be charged $ 15. Check your credit card terms or call the card’s customer service to find out if you will be charged a fee beyond the limit for walking and the amount of fee you will be charged.

Even if your credit card issuer doesn’t charge a fee, there may be other penalties for exceeding your credit limit. Going over your credit limit can trigger the penalty rate, the highest interest rate charged on your credit card. The credit card issuer can increase your minimum payment to compensate for the amount that you have exceeded your credit limit.

Going over your credit limit is a sign that you are unable to manage your loans. Even though they allow you to exceed your limit, credit card companies can unfavorably display it. Some credit card issuers can even lower your credit limit or close your credit card account.


Impact of going over your credit limit

Impact of going over your credit limit

Your credit score could be compromised if your credit card balance is over the limit if the creditor reports your account to the credit bureau, which is usually on your bank statement. An over-the-limit credit card balance increases your credit usage and could lower your credit score.

If you need to make a purchase that would exceed the available credit, first ask your credit card issuer for a credit limit increase. You can also try splitting the transaction on your credit card for part and paying the rest in cash.


Vacation Loan – Credit Check

For many Germans, vacation is one of the absolute highlights of the year. We look forward to it all year round and many have planned their vacation well in advance. Good and thoughtful planning can make a big difference and you can often save a lot of money by booking hotels and plane tickets in advance.

However, not all of us have planned our vacation long in advance. There can be many different reasons why you have not yet booked your vacation. Someone only knows at short notice when they are on vacation and others bet that the German summer will be at its best. There are countless other reasons why you have no fixed vacation plans yet.

Many Germans report that they find it difficult to afford the whole thing and that they often lack the money to go on vacation in a beautiful place. It is very common for you to lack money for the holidays, even if you receive your payday for the holidays. Our vacation allowance is often earmarked for other expenses.


Can I find a loan that is paid out during the holidays?

travel loan

One of the solutions to the low tide in your bank account could be to find one of the cheap vacation loans on the internet that you can use to finance your dream vacation in just a few clicks. It’s cheaper and faster this year than in the past, and there are many ways to borrow money online. Several new holiday loan providers have come on the market, which is pushing down the prices of holiday loans while improving conditions for you as a customer.

Fortunately, if you are one of the many people who need money quickly to go on vacation, there is help online. You can find one of the new vacation loans where the money is paid out during the vacation. In many places, they are even paid the same day, which is a good thing if you take care of the upcoming trip and need the money right away.

A last minute trip is a great way to spend a great vacation at a very affordable price. However, you need to be quick and able to respond immediately, as last minute vacation travel deals are only available for a short time. It requires that you have the money ready for the holiday or that you can pay it out quickly, even on public holidays and during the holidays.

It is therefore important that you control your finances when booking your trip. No matter whether you book a package holiday or want to go on holiday yourself by car.


Get the money before you book your trip

Before you sit down and look at a last-minute trip or other short-term vacation, it’s a good idea to manage your finances in advance. There are several ways to prepare for your holiday financially and you can choose the solution that suits you best and is the easiest for you.

For example, you can start with:

  1. Make a budget for what your vacation could cost this year
  2. Compare the credit options
  3. Apply immediately and get the money paid out so you can book the vacation.
  4. Think about where you want to go and what kind of vacation you want to spend, sun and beach vacation or maybe a city break?
  5. Compare the offers. Last minute or package tour? Or just a plane ticket? Be ready when the best price is available.
  6. Enjoy a great vacation with lots of money in your pocket and without worries.

This is one of many ways you can afford to spend a great vacation and recharge your batteries before the vacation is over and your everyday life begins again.


Holidays are important for a good life, your relaxation and to recharge your batteries

Holidays are important for a good life, your relaxation and to recharge your batteries

There is no doubt that a good vacation is nice. But not many may realize how important it really is to your body and mind. However, it is a very important part of a healthy and balanced life. There is little that you need to consider so that you can afford your dream vacation this year. Short-term loans on the Internet can be applied for without a lot of paperwork and in many cases are paid out immediately. Your application will be processed digitally and you will be informed immediately whether you will receive the loan of your choice. Afterwards, many providers pay out their money for the holiday within 24 hours.

This also works if you are already on vacation and need more money to cover all expenses for trips, food and souvenirs.

Vacation is important because it is one of the few times when you really get rid of your work and the stress of everyday life. You rest your body and head and recharge your batteries for the body. Charge the vitamin store with a lot of vitamin D from the sun’s rays and let a sea breeze blow around your nose.

If you have a girlfriend, spouse, and maybe children, vacation is often the only time we really have a good time together and enjoy each other’s company. It is an important part of a well-functioning relationship and family life with shared experiences and a focus on each other and not on all the other everyday things we are so concerned with.


An investment in a great vacation

An investment in a great vacation

The many great hours together are invaluable and one of the most important things you can spend money on is your family and then your health.

Have a great vacation and return with new energy and good mood. The whole point is vacation. You can afford a cheap holiday loan at any time and repay it relaxed throughout the year.


How to Manage Your Budget 5 Important Tips | Instant Online Loan Without Going to the Branch

It would be great if it was possible to make the personal budget enormous with a mysterious method or a simple technique, but in reality, it is not as easy as it might be thought.

Good management of personal financing can benefit a much healthier budget and the convenient purchase of what is demanded. As it is such an important issue, it would be useful to mention 5 tips on how to manage the personal budget.

There are 5 key points to be aware of in order to take control of your own money. When you apply these 5 rules effectively, you will realize that you are dealing with financial problems much less and lead a much more stress-free life.

Set Goal

Set Goal

The first and perhaps most important thing to do before you take control of your personal budget is to set a goal. You should decide what to do with your money and try to understand in a concrete way what money means to you.

When you go to a different country, buy a car or set a derivative goal, you will know what you need to reach and you can determine a suitable strategy. Among these goals may be the dream of retiring early, but to achieve this, you should really work and think well about what to do.

The goal you want to achieve financially doesn’t have to be just one, you can set more than one goal at a time. If the number of targets you set is more than one, all you need to do is prioritize. The most important detail that you should pay attention to is that the targets that should be extended to the long term, such as early retirement, are at the bottom to cover the others and the steps you take for each target do not prevent this goal.

It is possible to list some targets you can set as follows:

  • To pay all debts,
  • Buy a house,
  • To retire early,
  • Spending less,
  • Spending more efficiently,
  • Buying stocks.

Create a Plan


After setting your financial goals, the most important thing you need to do is to prepare a plan that will show you how to achieve it. It is imperative to create this plan and it should consist of not only one step but different steps. The plan you will create should be divided into 3 main lines, the first is to control the budget, the second is to create a spending plan, and the third is to get out of debt.

When creating a plan, make sure that every step you take is consistent with the goals you set in the previous step. Steadily strive for long-term goals, such as early retirement, but focus on the goals that you qualify as the most important. Let your plan achieve all your goals as time goes from top to bottom.

You should definitely include the emergency fund in your plan. This fund is urgent and must meet your health problem, an unexpected visit, etc. You must always have a savings account to cover such costs. In this way, you will set a budget for yourself even in emergencies and try not to exceed this budget as much as possible.

Most people do not include the emergency fund when making personal budget planning, and when an emergency occurs, they perceive their savings as a guarantee, but the forgotten detail is that those savings exist for your different purposes and should not be used for the emergency.

The money that you will save for emergency preparedness should be kept separate from others. You can use a certain part of your budget every month for the emergency fund, and when you think it has reached a sufficient level, you can transfer more savings to your other goals.

Stick to your budget


After creating your personal budget plan, remember that this plan will play a very effective role in your success and stick to it. When you create a budget plan, you will also have created an indirect spending plan, so you will know where, how and how much to spend your money.

The budget plan registers the most important things you should spend your money on, if you don’t have a budget plan, you can spend your money on things that actually don’t mean anything to you, and this is quite undesirable.

What Will Happen When Goals Are Fulfilled?

Even after you have prepared your budget plan and acted accordingly, do not throw away the budget plan and create a new budget plan. If you don’t create a budget plan, you start spending more money than you earn as one of the easiest things to do in a short time and you start paying your debts again. If you do not want to set a goal, you should at least create a budget plan that you will not spend more than you earn.

Get Rid of Your Debts

Get Rid of Your Debts

It is your debt that will be the biggest obstacle in this path you set out to reach your financial goals and therefore, you should get rid of your debts as soon as possible.

If you have more than one debt, one of the payment techniques you can apply may be an elimination plan with a snowball effect.

According to this plan, you must pay as much as possible in the first month for any of your multiple debts. You must pay more for this debt while fulfilling the minimum payment requirement for all your other debts, you will have to tighten your teeth when this debt is closed, but after this debt is closed, you will get rid of your debts in a shorter time by using the minimum payment amount you need to pay for this debt.

After getting rid of your debts, you should stop carrying your credit cards with you in order not to get in debt again, having a credit card can be quite good for emergencies, but most of the time things are not going as desired. Therefore, you should keep your credit card for use only in very urgent cases and it should not be used for food, clothing, transportation, etc. You should never use it in expenditures. After the emergency fund mentioned in the second phase of your budget plan has reached a sufficient amount, you do not need to have any credit card, so it will be sufficient to hold the credit card only until your emergency fund accumulates.

  • To be able to pay more than any of your multiple debts, you may consider working for a second job for a while.
  • Calculate how much of your goals you can give up so you can pay more debt and prioritize it until your debt is closed.

Having an Open Mind


You have to save money to grow your capital and start investing, but the main thing that will make this process enjoyable, faster is to be creative and open-minded. For example, when you learn how to evaluate your savings, you can think of a tremendous business idea and use these savings in the business that you will set up while everyone tells you to buy stocks.

Or you can attend training about a specialization you never knew with one of the savings you have achieved, and after getting enough information, you can start doing business in a completely different course. The important thing is not to lose creativity and an open mind, listen to the recommendations and be evaluated. In this way, you can find shortcuts to the goals you want to achieve.

You can find more information about saving methods by reading our article on Interesting Saving Methods You Can Save 650 TL per month.


A loan in installments for repayment of debt

The unreasonable management of money and taking out loans inadequate to financial possibilities is the easiest way to fall into a spiral of debt. It is difficult to get out of it when the commitments build up and the penalties for late repayment generate additional fees. Instead of waiting for debt collectors to lead to debt collection and serious financial and legal consequences, you can seek help from non-bank institutions. What are the options for getting out of a difficult situation?


How to get out of the spiral of indebtedness of?

How to get out of the spiral of indebtedness of?

Financial problems can affect anyone and it is not always a deliberate act and avoiding paying off liabilities. All you need to do is change your financial situation, lose your job, or have to start treatment that consumes a large portion of your budget. Loss of liquidity causes that the debts accumulate until finally they are not possible to pay. This may result in entering data into the debtors’ databases, and at a later stage for bailiff enforcement, which is the most severe consequence. In this way, many people are forced to declare bankruptcy or sell out all their assets to meet the needs of creditors. To avoid this, you can submit a request to the bailiff to spread thedebt in installments or try to get along with creditors to change the repayment terms.Such actions will not always bring the expected result,


How to get out of debt?

How to get out of debt - what is a dacja console?

People who have outstanding liabilities at many institutions can use the consolidation service. It is a combination of all receivables into one liability, which will be a loan to get out of debt. The funds obtained in this way cover the needs of creditors, and the debtor is obliged to settle the debt thus arising to the new lender. This solution allows you to spread the commitment into convenient installments, postpone the repayment date and set a new schedule for monthly payments. A consolidation loan involves meeting certain contract conditions, but in many cases it is the only way out of the spiral of debt.


Who can help me pay off my moments?

loan payment

The consolidation services are mainly provided by banks. Usually, however, such an offer is addressed to customers who have several liabilities at their bank. Indebted people cannot boast of a good credit history, which is why they will most likely face a negative decision to consolidate all their liabilities. A loan for very indebted granted by non-bank companies can be a salvation. Not all institutions offer this option, but by using the installment loan offer, you can help both pay off outstanding debts.


Consolidation loan or debt repayment loan?

Consolidation loan or debt repayment loan?

The non-bank sector is a rapidly growing industry in which offers similar to those proposed by banks can be found. Most companies offer loans to those in debt, with a less stringent approach to checking creditworthiness. If you want to take a larger installment loan amount, however, you must reckon with the possibility of checking the data in the BIK. In the case of large arrears in repayment, this may result in a refusal to grant a loan, so before submitting the application, it is worth asking about the possibility of consolidating payday loans without capacity. Many non-bank companies can flexibly adapt to the needs of customers, which is why they allow negotiating contract terms.


How do you apply for a loan in installments to pay back your debt?

Installment loans are products which, unlike payday loans, are granted for higher amounts and with a longer loan period. Sometimes such a loan is enough to cover all outstanding liabilities, but the non-bank company reserves the right to grant the maximum amount of funding to new clients and people who do not have sufficient creditworthiness. So if the lender offers an installment loan for $ 10,000, and this amount is enough to pay off creditors, you can try to write a special letter for a consolidation loan. A template for such an application is available on the internet or for download directly from the lender’s website. It is worth calling BOK in advance, describing your situation and agreeing on the terms of the contract so that the installment loan can be repaid.


What documents are needed to take out a loan for those in debt?

make a loan

Each non-banking company sets itself the conditions under which it grants loans, but in most institutions they overlap. The most important document is an ID card, because it is the basis for which the application is considered. The lenders do not require the submission of earnings certificates, however they reserve the right to check the history in BIK. The loan for the indebted is granted on the same terms as any other, however in the case of the consolidation service, all details are directly agreed between the applicant and the non-bank company.


Consolidation of payday loans without capacity, the last resort

Consolidation of payday loans without capacity, the last resort

With overdue commitments, it is difficult to get help from financial institutions. Indebted persons cannot count on the support of the bank, and they may also have difficulties obtaining loans in non-bank institutions. No wonder, because such clients are a risk group and one cannot always be sure that they will fulfill their obligations this time. Instead of counting on the debt being time-barred, it is worth seeking help when financial problems arise. Postponing this with enforcement proceedings and counting on redemption is not a good practice, because at this time accrued interest for late repayment can generate high costs.A loan in installments for repayment of debtmay be the only form of assistance, but it is worth applying for it before the repayment date of previous liabilities has not yet expired.