Loan Commitment in the Year of Separation?

First, the year of separation must be overcome, only then is a divorce possible. And that can be quite expensive under certain circumstances. Even if a marriage contract prevents a dispute over money, legal fees and legal fees are always payable to the still-married couple. Further editorial at http://2coolwallpapers.com

Costs often pile up even before the divorce

divorce

However, at least one of the two partners may incur unforeseen costs already in the year of separation. The year of separation was mandated by law to allow spouses sufficient time before the final divorce to thoroughly rethink this step. During this period of reflection, the spouses can no longer share a common household. In practice, however, the decision of most divorcing couples is already certain. Therefore, the year of separation is usually used by both parties to sort and reorient their lives. This includes the extract of a spouse from the shared apartment, this should not be completely dissolved. The common household is often dissolved before the final divorce.

On one or both partners so usually costs for the move, brokerage fees and deposit. In many cases, new furnishings must be purchased. Most of these expenses are concentrated in such a way that they often can not be paid out of their own reserves. A loan can help – but is it granted in this particular situation?

Keep a close eye on finances during the year of separation

On the part of the bank, in principle nothing speaks against lending in the year of separation. If you do not take up the loan with the spouse, but as the sole borrower, there are no problems with the separation of property. Banks usually ask married applicants if the loan should not be taken out together with the spouse. Finally, this provides additional security for the lender. However, the bank can not insist on joint borrowing.

It may make sense to talk to the bank about the upcoming divorce before borrowing. This is especially true if you receive alimony after the divorce. These should be taken into account from the very outset in the budgetary accounts, so that the credit installments will not overburden you later. In general, when borrowing in the year of separation, you should keep both loan amount and installment as low as possible. Because it is never predictable in advance, which costs will come with the divorce still on you, how the separation of property is ultimately regulated and how high will be any maintenance payments. If, after the divorce, it turns out that you have more money available to repay your loan than you originally anticipated, you can still make special repayments or talk to your bank adviser about increasing the monthly loan installment.

Loan with Zero Percent: Just a Publicity Stunt?

Loans without interest – with such seemingly unbeatable offers make lately and again banks and credit intermediaries attention. But is there more to it than shameless advertising?? And do the banks suddenly really have to give away money?

So far, zero-percent financing has only been known from the car dealership, the electronics market or the furniture business. For years, traders have been drumming about the allegedly free financing, which is supposed to make larger purchases easy. However, a closer look reveals that the offers are by no means as beneficial as they appear at first sight.

Even the “free loans”, one suspects it, have a catch …

First of all, the question arises: Are banks and credit intermediar

ies making false promises in their advertising? The answer: not in the legal sense. Because they actually forgive interest-free loans. However (and they do not reveal this in advertising), only a very small number of interested parties benefit from such financing. Very many consumers who make a request are flat rate refused. This can be the case, for example, if the credit rating is not first rate and if there is a flaw in the credit score information.

For a large group of consumers, the desire for a free loan remains a dream. Financial experts say: “In the face of aggressive advertising for the allegedly free bank loans, mass disappointments are inevitable.”

Platinium rejects the market screaming offers. With us you get no loans without interest – but here everyone really has the fair chance of a loan. Especially in the last few weeks, we were able to help many interested parties to obtain a loan that had previously unsuccessfully asked other providers for a zero-percent loan.

Incidentally, even borrowers who have been given a “free loan” elsewhere are by no means always happy with their decision. As a rule, they receive only a very small sum without interest from the bank. If you need more, you have to pay interest in the normal way. The difference to a pure decoy offer is therefore not so big …

Request personal loan online is fast and secure

The personal loan is a form of financing that allows you to have money quickly and easily. Therefore, it is widely used by most people who need to solve an immediate financial problem, consolidate a project or face a challenge, however, do not have the necessary resources. You have two options to borrow money, at the bank where you already have an account or request a personal loan online.

Fast and Secure Personal Loan

Fast and Secure Personal Loan

In general, amounts from $ 500 to $ 35,000 are requested, destined to consolidate debts, take a trip, buy furniture, pay for the wedding party, make renovations, etc. If you are in need of consolidating your debts, specifying a project or facing a challenge (such as launching your own business), this resource can be a great ally.

First we will talk about the first option, this is going to your bank. You can request it at the same bank where you already have a checking account. It is not necessary that you give any information about the purpose of the money or present guarantees. Once you have talked with your manager, he will analyze your financial profile. When the bank approves the credit, it will be necessary to sign a contract to determine the conditions of the credit: term, number of payments, date of payment, interest rate, etc. Depending on the policy and flexibility of the institution, it may be you who will determine the date and the payment deadline.

The second option is an even more practical way to request money, this is to make the request online. Today, the Internet is already part of our lives. Thanks to new technologies, we can solve many issues in a simpler way and without having to leave home. Fortunately, applying for a personal loan online is also possible. Most banks already have the online quick request service available on the institution’s sites. Through this tool, you can apply for a credit through a virtual form, according to the desired amount.

However, it is important to keep in mind that asking for a loan means making a commitment. Therefore, evaluate your real needs, in order to choose a financing that suits your pocket. This way, you will have the money you need without destabilizing your budget.

Now that you know there is a quick and secure method to get your personal loan, what are you waiting for? Now make your request online. Getting your credit has never been so easy!

The spouse’s responsibility for my consolidated debts

 

 

There should be no secrets in a good marriage. However, there are different situations in reality when the spouses do not fully understand the truth. Such a situation mainly concerns financial matters – both earnings and debts. Let’s focus on the latter. When is the spouse obliged to pay the debts?

If it turns out that the spouse took a loan and does not regularly reduce their consolidated debts, the fear that the liability for debts falls on the other person is justified. However, we will not have to pay off debts in every situation. At present, the responsibility for the consolidated debts of the spouse is whether we have agreed.

When the consent has been expressed

When the wife or husband knew that the other half borrowed and agreed, then the case looks as follows. If the debt is not repaid, it goes to debt collection and then to court. When the court grants a enforcement order, the spouse’s property may be seized. This applies to the part of the property that is covered by the property community.

Confirmation of consent of the spouse to take out the loan is in the document confirming this. It may be an official document – such documents are automatically considered to be true, as well as a private document. Here, there is a risk that the letter has been forged, therefore the spouse who has not signed any loan document can claim his rights.

When can you avoid liability?

However, the spouse is not always required to pay the debt. This applies to several situations. An enforcement clause against a spouse can not be granted when the debt arose prior to the commencement of joint property, i.e. before marriage or after divorce.

Liability is also not payable if the property separation has been signed with the spouse. However, when such an agreement arises after the appearance of an unpaid debt, then it does not guard against liability.

The usual needs of the family

It is also worth mentioning one more important topic related to the liability for debts in marriage. It’s about the ordinary needs of the family. In this situation, even if the other spouse does not agree to the loan, we may be required to repay. The usual needs of the family are called in this context, such as: expenses on food, bills, including electricity, gas, telephone, clothing purchases and small household appliance items.

However, even in such cases, the spouse is not without defense. He can plead for so-called important reasons that may release him from liability. These may include, among other things, the proceedings led by ineptitude, extravagance or recklessness of the other spouse.

In summary, not in every situation the spouse is responsible for the debts of the other person. When the loan is taken in secret and the spouse does not agree to it, in such a situation, in accordance with the law, he does not have to bear responsibility for the debts incurred.

 

Limitation of consolidated debt – can repayment be avoided by counting on a loan being prescribed?

 

What is the aging of consolidated debt?

In accordance with the applicable provisions of the Civil Code, each debt incurred has its expiration date. After this period, the obligation does not disappear, but it becomes practically impossible to make a payment from the debtor. The debt may be time-barred if the creditor – a natural person, bank or loan company, did not ask for his return, did not bring the case to court, and thus did not stop the limitation period (Article 123 § 1 of the Civil Code).

What consolidated debts may be time-barred and when the time is up to the statute of limitations

Limitation regulated by art. 118 of the Civil Code may apply to any debt, ranging from a parking ticket, through arrears in payment of rent, to long-term debts. This provision also applies to loans from individuals, financial enterprises, or unpaid bank loans. It is essential that the company or institution does not enforce payment in a different way than using standard debt collection activities. Time should be counted from the first day the creditor can begin to demand repayment of the debt. Most often, this is the date immediately after the end of the loan or loan agreement.

How much do you have to wait for the statute of limitations?

In the case of a loan or credit agreement, the limitation period is 3 years because the contracting party is a financial institution or an economic entity. It is good to interpret the rules in force and be aware that if the creditor transfers the case to the debt collection agency, it does not interrupt the limitation period. His suspension only causes the case to be brought to court or a bailiff is requested to initiate execution. The situation is slightly different in the case of loans from a natural person, because the period of limitation is in this case 10 years, and in accordance with the new regulations, 6 years. Theoretically, this is the time in which the debtor is to improve his financial situation and accumulate funds necessary to cover claims. In practice, matters relating to loans granted in the family or among close friends are rarely referred to court, and many debts are expired.

Limitation of a bank loan and loan

It should be assumed that the prescription of a bank loan will not come to an end, because the bank will quickly refer the case to court. Such cases, however, happen in the case of companies providing quick loans – payday loans. Even after a few years from the cessation of repayment, you can expect a phone call from a debt collection company, which will be interested in recovering the debt. The debtor will not be informed about the statute of limitations. What is more, the debt collector will try to enforce the repayment and may refer the case to court proceedings. However, the law works in favor of the debtor and if there is a limitation period, the court will not require the borrower to settle the claims. However, this does not change the situation of the debtor: he does not have to pay liabilities, but his debt exists, and he is listed in the Credit Information Office and the National Debt Register .

Using additional financing is a simple way to meet your current needs. It is worth lending money with common sense to avoid later unpleasant consequences in the event of repayment. On the other hand, everyone who decides to use the offer of a bank or a loan company should know what is the limitation period and in which situations it applies.