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Will He Get A Loan On A Civil-Law Contract?

by admin

Nowadays, a lot of people are employed on a contract of mandate or a contract for a job regardless of whether they are just starting their work or are already an expert in a given field.

In the majority of cases, these contracts are concluded for a definite period or depend on the performance of the ordered work. As a consequence, they do not have long terms of application and agreements regarding further cooperation are rarely encountered.

However, what if we want to apply for a cash loan when working on this form of employment? Is it possible to get even a small amount of credit at all?


Banks are now cautious about granting loans

loan denied

Banks, however, are cautious about granting loans, carefully verifying their income. Much more the entire process will unfortunately look in the case of other contracts than the contract of employment. Each bank will approach civil law contracts in a different way, which means that not all offers can always be available.

The most important thing is to specify the date from which you are employed on the basis of a given contract. Most are required a minimum of twelve months, although you can also meet shorter - six months - as well as longer - eighteen months. It is also necessary to meet the condition of continuing employment, showing possible changes to the employer and interruptions resulting from this reason. Periods without a contract, of course, should not occur at all.

The second important issue is the fact that not every bank will accept frequent changes of employers, and what results from civil law contracts concluded for short periods with different employers. Some bank offers require even the continuity of cooperation with one employer throughout the entire period under consideration.

If all the conditions for the abovementioned matters are met, you can submit a loan application.


How is the creditworthiness checked?What documents are needed?

Creditworthiness will be calculated here in a manner similar to those doing business. Therefore, it will be the arithmetic average of given time periods. Of course, the stability of remuneration is also checked, although if one of the contracts exceeds the average, one must take into account that the income will be reduced. When it comes to contracts for a specific work, two levels of analysis of tax-deductible costs can be distinguished. The first one will only take into account the amount given by the client, while the second will include 50 percent of the revenue value.


What documents are needed?

What documents are needed?

The documentation to be delivered to the bank is also greater than in the case of a contract of employment. But the fact of completing it is not burdensome, because it can be done quickly and without problems. The basis will always be concluded civil law agreements with bills confirming payment. It is also possible to present the account history affected by the remuneration.

In the case when the employer has not changed, only the certificate of employment and the amount of remuneration received may be sufficient. Many banks will also expect PIT for last year.

Some banks may also want to see PITs from the last two years. If the civil law contract does not contain information as to who pays the tax on remuneration, a document specifying the payer will also have to be provided.

You do not have to be afraid that if you work on a contract for a work or contract of mandate, you will have a closed route to obtain a loan. The risk may be the fact that we will not be able to meet all the conditions set by the banks listed in their offers.

However, as a result of the verification of several dozen bank loans and non-bank loans, there will certainly be at least one offer that will be fully appropriate and will enable you to fulfill your own dreams and plans.

Payday Loan

by admin

The payday loan is a provision that the judge issues - at the request of the holder of a credit (respecting the requirements of certainty, liquidity and collectability) - to order the debtor to fulfill an obligation within the term of 40 days from the notification. With the payday loan the debtor will inform that in the absence of fulfillment, a forced execution will be carried out.

Therefore, through the payday loan the creditor can boast an important arrow for his arc: obtaining the ownership of an immediate protection instrument that allows him to quickly acquire a title in order to be able to act enforceable against the debtor, and therefore avoid him longer times and costs than an ordinary trial, the outcome of which would be uncertain and often verified only after several years.


What are the eligibility requirements of a payday loan

What are the eligibility requirements of a payday loan

In order to be duly benefited, the payday loan must comply with some fundamental requirements, inherent in both the nature and the subject of the claim, as well as the existence of a written test.

The interpretative basis for obtaining the list of useful requisites for obtaining the payday loan is represented by the art. 633 Code of Civil Procedure, where it is first of all remembered that the payday loan procedure can be used only to protect one's credit rights, whether they relate to an object such as money or fungible things, and that they meet the liquidity requirements.

Not only: in order for the judge to actually deem the claim to be founded , and thus issue the payday loan, the law provides that whoever requests the decree must give a written proof of his credit. Numerous jurisprudential judgments have referred to the fact that the written test can be represented by any document that is "worthy of faith" in terms of authenticity, coming from the debtor or from a third party that has intrinsic legality, even if it cannot cover the canons of effectiveness absolute proof.


How to request the payday loan

The payday loan is required by appeal , containing - in addition to the indication of the parties - also the subject, the reasons that induce the creditor to make the request, the conclusions, the evidence that is produced, the declaration of residence or the election of the domicile of the claiming creditor. Deposited in the registry, the appeal must contain all the documentary evidence that is cited in it, and that serve to prove the existence of the credit.

Once received and examined by the judge, he can choose to suspend the request, inviting the creditor to produce new documentation to supplement the one already presented. If, on the other hand, the judge does not consider the appeal to be adequate, he may reject it with a justified decree.

On the other hand, if the judge verifies the existence of all the conditions provided for by the law, he will accept the request, thus issuing the payday loan and ordering the debtor to fulfill the obligation in the terms that will be established in the document.


How the payday loan is notified

Once the aforementioned obstacle has been overcome, we also point out that the payday loan must be notified together with the debtor's appeal, by the appellant. Notification must be made within 60 days of issue, on penalty of ineffectiveness.


How can the payday loan be opposed?

Naturally, the debtor is not a subject that must necessarily "suffer" the payday loan without the possibility of responding adequately. The debtor is in fact given the faculty to propose opposition to the decree through a specific summons, before the judicial office to which the judge who issued the decree belongs.

In order for the opposition to the payday loan to be effective and valid, it must take place within 40 days from the notification of the same.

Once the opposition has been formalized, the second phase of the payday loan procedure will start, which will be characterized by the presence of a judgment that will be held according to the norms of the ordinary process, before the court seised.

How can the payday loan be opposed?

To this end, it is worth remembering - in conclusion of this brief analysis of the payday loan - that the same is issued by the judge in the absence of contradiction between the parties. It is in fact a purely documental provision, and represents the final and conclusive phase of a payday loan process that is rigidly governed by the code of civil procedure.

In the event of opposition on the initiative of the injured debtor, as we have just briefly mentioned, an ordinary first degree procedure "with full knowledge" will be opened , in which we will proceed to the verification of the claim made, during an adversarial dispute with the debtor against whom the decree was issued.

In the event that you wish to obtain more information on these proceedings, or if you wish to request the issuance of a payday loan, or if you have to "defend yourself" from this act, we naturally recommend that you seek legal advice from a lawyer or an expert who can support you adequately along the formal process that will lead you to the satisfaction of your credit claims.

Do We Need Cash?

by admin

In mid-October, we wrote that VBB Bank is planning a large-scale modernization of non-cash payment methods and announces that the population of our country will gradually refuse bank cards. The newest voice, eye and fingerprint recognition systems will help the consumer to pay for services or goods more easily and quickly. But at the same time, answering the question whether we need cash, the specialists of the "main" IY Bank argue that the consumer is not going to refuse them in the coming years.


In terms of modernizing payment methods

In terms of modernizing payment methods

today the whole world is trying to keep up with new technologies. So, for example, the Indian state of Goa, known to all tourists, is banishing completely to give up physical money. Already, starting from the last day of this year, absolutely in all places in the state can be calculated by credit card or using a mobile phone.


India's Status

The Sunday edition of The Times of India, all financial relations between the buyer and the seller can be made by telephone, which everyone has now, the funds will be debited from the consumer’s bank account. Cash will not be needed, cards, too, you can not even carry a wallet. In addition to this, according to the state government, the number of "tweezers" should decrease on the streets.

You don’t even need a PDA or smartphone to transfer funds. The buyer receives an SMS with a special code, which he must specify to complete the purchase. The method of payment will be used everywhere, it is not only about clothes and household appliances, but also about services and buying products. Such a system will help small merchants to receive payment even if they do not have terminals for accepting bank cards. There are no plans to cancel plastic cards and cash. Where they were accepted, will continue to be. But the introduction of a new system is the first step towards ridding the state of the circulation of physical money.


India as a whole

Monetary reform began at the beginning of the month. Two main bills were withdrawn from circulation. A released new was not so easy to get because of the smaller amount. As a result, huge queues formed in the banks. The authorities of the country support the idea of ​​avoiding cash as it will help to solve several problems: lack of physical money, corruption and the gray economy.

Personal Installments loans: what you need to know

by admin

The personal installment loans is a form of financing provided to private individuals by a bank or a financial institution, which allows a customer to obtain a sum of money upon commitment to repay it in installments within a predetermined period.

Personal installment loans fall into the category of "non-finalized" loans, ie they are not directly linked to a particular purchase of a product or service and include the application of fixed or variable interest and the costs / charges indicated in the APR as consideration

If you are planning to apply for a installment loan

If you are planning to apply for a installment loan

It would also be good to evaluate the possible debt and its repercussions within the monthly family budget, also because you do not forget to consider the monthly payment to be supported and the total cost of the loan. Is it a sustainable financial commitment net of rent, bills, miscellaneous expenses already considered monthly?

A loan can normally be requested by anyone between the ages of 18 and 70 and is usually granted to those who demonstrate a "repayment ability" that takes into account all the commitments and monthly payments mentioned earlier. . The ability to repay the amount paid is usually demonstrated by showing the employee's pay slip, the tax return for the self-employed and the pension slip in the case of pensioners.

In the event that you cannot prove your eligibility to repay the loan with your pay slip or tax return, a personal guarantee of a third party can be required to commit to pay in the event of the contractor's default. The third party must also provide documentation to support its financial soundness and therefore its repayment capacity .

Evaluate different offers

Evaluate different offers

Anyone who intends to take out a loan should carefully evaluate different offers, especially from local agencies, to be able to choose the most convenient one: for example, with regard to loans and financing in the Pesaro, Riccione and Rimini area, we recommend contact specialized agencies such as Finanziamenti Semplici , a finance company with SIGLA srl mandate , for the assignment of salary, salary and pension.

Non-fulfillment of the payment

Non-fulfillment of the payment

In case of delay or even non-fulfillment in the payment of one or more installments the pre-established and due interests are increased with the application of a default (further interest) and the loan applicant is reported to the credit protection bodies (central credit, databases). In this way the credit reputation of the customer undergoes a negative change and may compromise any future initiatives.

Loans To Earned Pay Again Relevant

by admin

By mid-2017, loans to payroll almost lost their relevance. Most NPA borrowers are targeting larger loans and loans. But from the beginning of 2018, this sector of the Loan market began to gain momentum again. This information was provided by the Bank of NPA in the information and analytical material

Trends in the Loan market


The Moron Bank, not without reason, believes that the reason for the increase in the popularity of microloans to paycheck is its strict regulation of this financial sector. And indeed, many of the requirements that were put forward quarter by quarter by the Bank of NPA contributed to strengthening citizens' confidence in microloans. We are talking about various tools that have somewhat complicated the work of many MFIs, but at the same time made their lives easier for borrowers. Those companies that could not meet the next requirements of the regulator simply left the business. And those who remained in the market, every year became more and more popular for the consumer.

Microloans to salary


In addition to the fact that microloans to salary every year are becoming more reliable, another reason has been noticed for the recent growth of the popularity of this product. The fact is that many borrowers of Loan organizations indicate the reason for the appeal is a banal wage delay. It turns out that the money for which they had hoped did not come, but at the same time they know for sure that they will receive it soon. Therefore, such people are boldly sent to the MFI for additional funding.

Many of them have to pay their bills on time in order not to get late.


Just as any organization sometimes takes a loan to maintain its efficiency, some families also resort to such a financial instrument today. At the same time, if microloans are not available until the wages earned, people will have to mortgage their property at pawnshops or contact lenders outside the control of the Moron Bank.