Credit with immediate decision.

Immediate decision credit has all the benefits of using modern technology in banking and lending. In contrast to the traditional process of private customer lending with several processing stations and a time-consuming sending of documents and statements, starting with the private customer advisor to the bank headquarters, now faster, computer-aided calculation steps precede.

Thus, the processing must decide only in cases of ambiguous creditworthiness or the presence of warnings. Thus, the credit is instant decision not only in the credits shops reality, but also in many large banking groups. These have been powerfully driven by the new, smart financing providers to more speed and service.

How the instant decision works

How the instant decision works

In particular, private loans and, in contrast to real estate loans, a lending decision is purely a decision based on the repayment probability of the customer. Since no land register entry is required and possible, the current income, estimated cost of living and previous experience of other lenders are used to assess credit quality.

The attached salary statement shows a gross income and a net income that will then be used to meet the needs for lifestyle and new loan installments. Then there is either an immediate decision for the loan, a refusal or the opportunity to ask questions or submit further documents.

What the immediate decision goes out!

What the immediate decision goes out!

The immediate decision is thus based on two main components: On the one hand, the question of whether someone could repay the loan. This should be answered with yes or probably. The second question is a question of the personal behavior or previous experience of other lenders: If the customer here has settled all claims or paid back on time, so it is based on a high reliability.

However, anyone who has stuttered his previous loans or not at all paid back, which represents a slightly higher risk. In this respect, the credit can not be approved here with immediate decision once or the lender would like additional security for the loan (for example, by a guarantor or a Failure insurance). In this case, however, it comes to a question from the lender or even completely to a rejection.

However, most loans are approved almost without problems and very promptly. Therefore, with instantaneous credit, one can certainly speak of a fast and reliable source of finance.


How to manage money effectively


Sometimes it is believed that to reach the end of the month, the only thing that has to be modified is the salary. But this is not always the case, because regardless of income, there are many cases in which it does not reach.

The feeling is that no matter how much the salary increases, the cost of living is always higher.  But it may happen that it is simply a bad money management. Yes. There are methods to make silver yield, and we will tell you.
Keep in mind the following tips and start to face the control of your income.

Keep track of income and expenses

Keep track of income and expenses

The first step to start with good money management is to keep a strict control of income and expenses. And of course, if there is a fault in this regard, there is a basic imbalance.

The way of carrying the itinerary, can vary in terms of methods, but basically it is about recording from the first day until the last of the month, each of the income and expenses, with their respective details.

Evaluate our financial situation and take action

money cash

Once you have the previous balance, you can define the strategies to follow, according to the results obtained: Your income exceeds your expenses . If you are in this situation, you can say that you are doing things right. But you have to always be aware so that the situation is maintained or improved even more.

While this scenario is ideal to be able to save the remaining difference, sometimes, just saving by saving is not enough. The key is to set goals, such as thinking about investment, to further increase your income. Your income and expenses are similar
In this case, the picture is quite limited. In this context, you should take steps to improve and get as close as possible to the previous situation.

The first thing you have to do is logical: reduce or eliminate some of your expenses and, as far as possible, save the difference in favor and think about investing. Your expenses exceed your income
If you run into this situation, you can say that your financial health is not right. And if you don’t change your habits in this sense, the picture will tend to get worse or, in the best case, to stay.

At this point it is important to understand that it does not depend on how much you earn. The measures to be taken here have to be rigorous. You will have to make a good analysis of your monthly expenses, being able to detect which ones were over or, simply, were unnecessary.

Once you have a clear picture of the expenses to be eliminated, you can gradually get rid of your debts. To this you could add the option of looking for alternatives to generate extra money.

Make money control a habit

money cash

Once in balance, the important thing is not to abandon the record of your expenses and income to keep them under control. While at first you will see yourself tight in your habits, if you follow these adjustments rigorously, you will progressively find balance. An intelligent money management requires much more than an understanding of mathematics.

And, is that, spend less than you earn, invest early, and save; It will help you to have money when you get older. A kind of self-generated retirement, to maintain a balanced financial health.

While this scenario turns out to be the balm that everyone should be able to reach, reality may face you with borderline situations, in which you might have to make other types of decisions such as asking for a personal loan.Even so, the central idea is the same. Adjust to the extent possible to resume balance and go in search of the surplus. The key is to modify your financial mindset.

More Beneficial Borrow wisely and cheaper

It’s no secret that new quick loans and other new loans are often the most advantageous. Businesses are ready to offer a variety of discounts just to increase the number of customers and become more visible. For borrowers, this means being able to get a better credit. Borrow responsibly. Examine your refund options.

How do I understand if new quick loans are more profitable?


Pay attention to current promotions. If you are offered to borrow at no commission or no interest, this is a good sign. What remains to be seen is the term of the promotion and the maximum amount of loan available. It doesn’t make sense to borrow 200 eur with 0% if you need a loan of 1000 eur or 5000 eur.

If you need more choice, look at the Credit home page or use the navigation at the top of the page to compare your new loans with everyone else. In the Fast Credit section, you can see that several short-term loan companies are now offering the option of borrowing free of charge and with interest for up to thirty days.

How to borrow?


Choose an offer and fill out the application form with the amount and deadline you want. Under Latvian law, loans over € 423 are required to be subject to customer due diligence. In addition, credit history is also evaluated. In case of doubt, the lender may require a bank statement for the most recent reporting period. The decision to grant the credit is (within business hours) taken by the companies within minutes. If the decision is positive, you can often receive cash within one bank within just 10 to 15 minutes.

Responsible borrowing


Before you take a loan, carefully evaluate your financial capabilities. Familiarize yourself with the terms of the contract, especially the loan payout positions and possible penalties for default. Everything happens in life, and even the best of intentions sometimes fail. Debt is not a brother and money recovery companies tend to engage debt collection companies and can also go to court.

Involves additional costs


As the debt recovery procedure involves additional costs, it is in the interest of the non-payer to ensure that the case does not go that far. Old or new quick loans – these are all real financial commitments that are not time-barred, so in case of problems it is important to always talk to the lender and agree on a mutually acceptable solution. If the financial problems are temporary, a large number of lenders allow you to take the opportunity and extend the credit. Borrow responsibly.