Online payday loan conclusion: these documents are required in NC!

If you are interested in a loan nowadays, usually gets smart with the help of the internet and looks for cheap loan offers. This is due to the fact that online loans are often considerably cheaper than so-called Branch loans compared to the credit terms. This is due, in particular, to the fact that advice from the Lender is often no longer necessary, especially in the case of simple loans, such as a installment loan, and that these saved consulting costs can be passed on to the customer in the Form of a cheaper online credit. As a customer, you no longer have to go to the Office of the Lender to apply for the loan in North Carolina.

Applying for an online payday loan generally has numerous advantages, starting with the time savings on the temporal mobility to the possibility of numerous offers for an online loan by means of a comparison to make. However, even in the case of an online loan, the applicant must provide the necessary documents and we will show you which information and documents are required for the successful acceptance of an online credit.
online payday loan from lender
Online credit: Personal information and documents must be available
In principle, however, it should also be noted in the case of an application for an online credit, that the lending company requires a lot of information as well as appropriate documents and documents, in order to ultimately make a credit decision. The basic information when applying for any loan includes the personal details of the borrower. This includes, first and foremost, the Name, address, date of birth, but also occupation and marital status. Of course, it is also necessary to specify which loan amount should be raised over which period.

Consent to credit score information and proof of income
In addition to the personal data, the following documents must be provided and consent given. It is imperative to provide proof of income so that the lender can assess whether as a lender you will be able to properly repay the desired loan and pay the agreed interest. Income statements can usually be made either by a salary statement or by presentation of statements showing the salary entries. In the case of an Online application, these documents can normally be scanned and sent by Mail to the Lender.

Other documents, which are often also required, include especially the credit score information. However, you do not have to present this personally, but here the lender must be allowed to obtain a credit score information. In particular, when it comes to larger amounts of loan, some lenders want the credit seeker have a portfolio of assets. This statement of any assets is intended to secure the loan with the help of this asset if necessary.
loan credit score
The Legitimation by means of the postident-procedure
If you decide to use an online loan, you have to legitimize yourself against the Lender in accordance with USA legislation. As this is not possible – as in the office – by personal means by presentation of the identity card, in most cases the so-called Postident procedure takes this place. For this purpose, the applicant for a loan must go to a post office and present his identification there. The Post-employee then sends the relevant data to the lender and confirms that he has been presented with the document. Through this process, the lender fulfils its duty to determine the identity of the customer. Of course, loans may only be granted to persons who actually exist. Some lenders now also allow themselves to be legitimized by means of Online Ident procedures. This considerably accelerates the loan process again.…

Credit for investment, thanks to securities lending

The most common view regarding the use of a loan is likely to be that of financing any more or less necessary acquisition. For example, a new car or even a house built, then the credit is the most frequently used type of financing. This is confirmed on a regular basis by numerous statistics and surveys of relevant specialist magazines. But with a loan, it is not just a car or even a house that can be financed. So powerful consumer uses low interest rates, as they are currently taking place, also for a kind of financing, which seems quite absurd to many people: for wealth formation! What do you mean, debt to build a fortune? How is that supposed to work?
consumer loan
The magic word is called Securities Credit

Admittedly, it sounds paradoxical and subjective, it seems completely nonsense, namely to buy securities “on Pump”. But as paradoxical as it may sound, such a project can indeed work in practice. Who are a few rules to remember regarding such a project, can achieve a credit-financed investment in securities in the total return. For this purpose, various banks and brokers offer special securities loans, which are precisely oriented to this financing variant and the purpose of use. In practice, securities lending almost always works in such a way that one as a customer already has or wants to buy securities, which then act as collateral for the loan amount up to a certain loan value.

Securities lending in practice

The following example shows how such a securities loan could be presented in practice: for example, if you as a customer of a broker have Securities in the equivalent of $50,000 in the custody account or would like to purchase them, the Bank determines a loan-to-value of 80 percent. This would enable the depositary bank to receive a total of $40,000 as a security loan. It is of course important to bear in mind that, of course, interest will also be payable in the case of a securities loan, which is of course subject to information. For these interest rates play a significant role in the calculation of returns. Moreover, the securities loan is repaid as a normal instalment loan, i.e. in monthly instalments up to the end of the agreed term.

Taking into account the risks associated with securities lending

Every Investment is subject to certain risks, which one should always be aware of. This risk is increased by the inclusion of a securities credit. Although the primary objective of achieving a positive return through the loan-financed Investment is not unrealistic. However, a loss of the investment can also occur at any time. For first of all, as a borrower, you make debts by taking up the loan. If the loan-financed Investment fails, you still have to pay off that loan. In addition to the loss of the investment a significant financial burden!

Our Conclusion

If you are thinking of financing an Investment through a loan, you should be aware that you are doing a high-risk business. Basically, it is more likely to be discouraged from financing securities purchases through a credit. While this can work in practice, on the one hand, there is no guarantee of investment success and on the other hand, the risk of losses being incurred is not negligible.…


If you change your Job or employer, or if you have found your way back to the world of work after a long period of unemployment, you will undoubtedly be able to combine this with a view to a now more positive future for a really good reason. But a career change has not only positive effects on one’s own life, but also temporarily its shadow sides – especially when it comes to taking out a loan for whatever reason. The stumbling block when taking a loan is called “probationary period”! But why is the probation time when taking a loan often a stumbling block?
Exclusion criterion probationary period for a credit
loan during the probation period
One given and an indisputable reality is that almost all banks in Germany before granting a loan sufficiently examine the creditworthiness of the applicant with the help of appropriate credit agencies and documents required for borrowing by the borrower. In addition to the creditworthiness, which must be assumed anyway, the check of the creditworthiness takes place on the basis of the  information, together with an available regular income. However, this is precisely what can fail to grant a loan if a regular income is available, but the Associated employment relationship is less than 6 months – is just in the probation period. For banks, such a Situation is in most cases a reason not to correspond to the desire for a loan. The reason for this is quite simple: banks are concerned that the borrower is “unable to survive” the probation period, has no longer a regulated income and will therefore not be able to repay the loan granted to the Bank. A Situation that every Bank wants to avoid in the best possible way.
Offer collateral for a loan

Does the question arise, then, of the possibilities to obtain a loan during the probation period? And to make one thing clear: there are these possibilities and these are relatively simple in the reason. A very good Alternative to securing a loan in addition to your own income, are existing collateral.

The guarantee is often the first choice on the part of the borrower and is accepted by numerous banks. Family members and close friends are the main guarantors. It is only important that the guarantor has an impeccable credit rating, which requires almost always existing assets or an employment relationship, which is no longer within the probation period. This form of collateral for a loan is generally accepted by the banks and is also often demanded. However, in addition to the credit guarantee, a number of other credit guarantees are available – for example:

• The transfer of your own vehicle

• Assignment or pledging of claims from capital life insurance, etc.

• Pledging of securities or savings deposits

Our Conclusion

If it is possible for a borrower to offer to the Bank for a loan one of the aforementioned collateral or even to present a loan guarantee with impeccable creditworthiness, the taking of a credit is also during the probation period in no way in the way. As a result, most of the banks are willing to grant a loan despite probation. However, in this case too, one should take care and ensure that the agreed credit rate is sustainable.…


25 years ago, the wall fell and the two German states separated up to this point became once again a common state. However, the differences between Germany and the former GDR are not completely balanced in all areas. In addition to the differences in wages that prevailed before, there are also differences in financial behaviour. For example, a large German online comparison portal has examined the credit behaviour of East German citizens with the West German citizen. The result of this study revealed that people in the East apply for less credit than people in the so-called “west” of the Federal Republic. There, the average credit volume is 12 percent higher than in the East. It is interesting, however, that the difference in the interest rate level for loans between East and West is by far not so serious, but more so later.
Loans over 10,000 euros the rule
loans rate comparsion
On the other hand, the amount of credit was significantly higher in the West, at an average of 11,585 euros. The extent to which the post-existing pay gap between East and West could play a role in lending or lending, is unfortunately not apparent from the study of the comparative portal. On the other hand, it is interesting to look at the level of credit by federal state, because here in the west of Bavaria, Baden-Württemberg are at the forefront, whereas in Saxony, Thuringia and Mecklenburg-Western Pomerania the credit volume is the lowest. Obviously, in the federal states, in which according to current statistics the highest per capita income is generated, the credit demand is also highest. In general, however, there is a marked decline in the amount of credit, because only one year earlier, the average credit amounts were still well over € 15,000 nationwide!
Income does not affect interest level in credit!

As mentioned earlier in the article, the difference in the level of interest rates in the east-West comparison is not so serious in comparison with the credit sum, because for an example loan of 10,000 euros with a maturity of 84 months, the banks in the West estimated an average effective interest rate of 4.83 percent. Customers from eastern Germany received this credit combination at an average effective interest rate of 4.97 percent. The interest rate difference between East and West is thus about 3 percent.
Faster repayment of loans in the East

The final finding was also that East German borrowers want a much faster repayment of a loan taken compared to the West German citizen. On average, they choose shorter loan terms (44 months in the East, 47 months in the West). In the East, loans are used mainly for the financing of consumer goods (49 percent), such as furniture or technology, and for car financing (40 percent). In West Germany, on the other hand, car purchase is the most common reason for borrowing (42 per cent) – directly followed by consumer loans (41 per cent).…


There is hardly a day, on which we are not offered anywhere a product with a 0 percent financing, so a credit with 0 € interest charge for a new car, a new TV or other consumer goods. Be it on TV, on billboards on the street or in one of the numerous brochures that land Daily our mailbox-the offer is varied and equally seductive. Finally, this credit offer suggests that the consumer is a real bargain – no interest and also small monthly rates over a longer period of time to repay the credit. What more do you want as a customer? But that is precisely the Crux, according to consumers ‘ supporters of the consumer centre of North Rhine Westphalia, because the so-called zero percent financing has its pitfalls and is anything but what they claim to be: namely, cheap!
Zero percent loans or lending have its pitfalls!
money online credit
Granted: a loan with zero percent interest – such an advertising promise undoubtedly gives the impression of an unbeatable credit offer. However, the appearance is deceptive and the reality is quite sobering with a closer look at corresponding loan offers and often ends in the realization, that as a consumer with a zero-percent financing in comparison to a classic installment loan often paid. In most cases, practice shows that a classic installment loan with interest from a Bank is usually a significantly cheaper alternative loan.

The dangers of a Zero percent financing

The most obvious criticisms and potential dangers of so-called zero percent financing are:

• The consumer will be denied the so-called right of withdrawal, or it does not apply!

• If the financed goods are returned or claimed, the credit for this product continues for the time being! A corresponding withdrawal from the credit agreement can only be achieved with considerable effort.

• Financing of any kind finds its way into one’S own lender and places a considerable burden on the so – called credit score-and this is negative!
Why are zero-percent loans still so popular?
online credit
Looking at the first glance, a loan without interest is actually awarded for the acquisition of a product on instalments. The credit seems to be offered directly by the dealer, but far from it, because the actual credit recipient is a classic Bank. And as it is well known, a Bank does not grant interest-free loans! As a result, as with any other loan, interest is payable on the so-called zero percent financing. Only, this interest shall bear the costs, not the customer, but the dealer, and for good reason, because he can advertise with small monthly installments and generate significantly more revenue. But on the interest, which he apparently bears, no dealer wants to sit and so these credit costs are simply included in the selling price. The customer is thus led to the sale with a simple but highly effective Trick, because the customer only pays attention to the low rates and the 0 percent interest.

It’s a good idea to calculate and compare!

It turns out again and again that not every tempting offer is also a good one! Thus, the recommendation is clear: if you add zero percent financing to the offer, it is often the result that the sum of the individual rates is often significantly higher than the cash payment price of other providers. The Zero-percent credit is therefore, unfortunately, often a bad deal.…


Without a doubt: Online loans in Germany is steadily growing in popularity and for good reason, because they are simple and can be implemented quickly, without the need for time-consuming running around and can also with a “Round-the-clock orderable” functionality. Peace, Joy And Egg Cakes? With no means, because Online loans have their hooks and these show nowhere more clearly than with the lending rates. This is especially true for those financial institutions that have specialised in the granting of Online loans. The current study by the German Institute for Service quality (DISQ) shows how serious these interest rate differentials can be for the loans offered. The DISQ has examined a total of 9 providers specialised in the granting of Online loans. As already mentioned, the result shows significant interest rate differentials in Online loans among the audited credit providers.
Interest of up to 10% on Online credit
interest rate payday loan
The basis of the DISQ study was to carry out covert telephone and E-Mail Tests as well as tests of the internet presence of the 9 banks under the headings “ease of Use” and “information content”. As a basis for the analysis of installment loans, the current offers as of 1 July 2018 were used on the basis of various credit characteristics, including the interest rate. For the DISQ study, the rate loan conditions of the individual providers were compared in three different test scenarios, inter alia on the basis of a € 20,000 installment loan with a maturity of 72 months. It was found that the so-called two-thirds interest rates, i.e. the annual effective interest rates, which receive two thirds of the customers of the respective credit institution, differ most significantly in this respect. For example, with the cheapest credit provider 2 out of 3 customers concluded such a loan with an effective interest rate of an average of 4.30 percent, where, on the other hand, the most expensive interest rate was a saturated 9.34 percent, i.e. more than twice as high as with the most favorable credit offer!
The Crux with the credit-related interest

It is interesting to note that in the study only those installment loans could be positively assessed, which did not match the interest rate level according to the creditworthiness of the customer. This means that the credit offers offered at the so-called credit-related interest rates are much worse. For the nine banks tested, only 3 of the 9 banks tested had installment loans with non-credit interest in the Portfolio!
The amount of interest not solely decisive for Online credit
annual percentage rate of charge alone
Last but not least, the study shows that looking at the annual percentage rate of charge alone is not a sufficient evaluation criterion for a good credit. In particular, care should be taken to ensure that within the credit term there is the possibility of flexible repayment as well as special repayment options without additional costs. The DISQ study also shows that this is not the rule. For example, only 2 of the 9 tested credit providers offer a toll-free early repayment of the loan. Further information on the DISQ study can be found here.…


Sometimes there is a moment when we need money. And whether it’s a holiday, communion or a gift for a loved one, we face a dilemma. What will be better for us – credit or payday loan? At first glance, it may seem that they mean the same thing, but if we look closer to the topic, it turns out that appearance seemed deceptive. So what are the differences between these financial decisions: credit and loan?

Although loan and credit are financial forms of support for the consumer who is not trying, but a lot of them are different. First, a credit can be both money and material goods, while a loan can only be taken as money. The second difference between credit and payday loan is the organization that awards them. In the case of a loan, there will only be banks and BANKS. While a loan can be provided by anyone who owns the borrowed money ( credit companies, financial institutions, individuals, as well as banks).


It is important that the loan must always be concluded in writing (the exception to the rule is banking. In this particular case, the loan agreement can be concluded on the Internet, but only under certain conditions and requirements stipulated by the law on banking law). In contrast to the loan, which does not require special formalities and can be concluded even orally (except when the loan amount exceeds $1000, the contract must be drawn up and signed by both parties, both the lender and the borrower).


When we take a loan, we can take it for any purpose without worrying that the person or institution from which we borrow, will be asked for what specific purpose we will issue the money transferred to us. Even with low incomes, there is always a chance that we will get a loan in the amount of what is currently needed. Otherwise, in the case of a loan. Here banks are guided by the so-called principle of expediency of the credit, i.e. to receive financial assistance from the Bank, we need to specify a specific purpose in a special application, credit, for which we want to allocate it. In addition, before we get a loan, the Bank must check our solvency. If it’s too low, we won’t get credit. However, even if all goes well (ie. we will have a credit account and we will not be in the register it may happen that the Bank will offer us a loan amount much lower than the one we concluded. This is due in large part to the height of our creditworthiness, which in turn depends on the income we have; the higher the better for us.


In addition, the lender, unlike the lender, has the right to check whether the money that has been provided to us is used in accordance with the terms set out in the loan agreement that we have concluded with the Bank. If not, the lender in this case, the Bank or the Bank, has the right to terminate the loan agreement. This is possible because, unlike a loan, after receiving which we own the borrowed amount, in the case of a loan, the borrower (that is, we) is only a temporary Manager of the amount that the Bank has transferred to us in the form of a loan. In case of any violations on our part, the Bank, as the owner of the amount borrowed by us, has the right to speak to us contract.

Credit and credit-is there something that unites them, despite the fact that the credit agreement is governed by the Civil code and the credit agreement by the provisions of the banking law act, then both fall under the consumer credit act. This is especially important, for example, when you want to pay off your deposits early. Regulate this, in particular, the Federal law on consumer credit. The cost of financial assistance is also an important issue. In the case of a loan, before crediting it should be noted that all our financial obligations to the Bank, will consist not only of the amount of the loan, but also the Commission and interest rate accrued from the amount of the accrued loan, not to mention insure a loan that further increases costs. In the case of a loan, the cost of providing it can be gratuitous, but usually an interest rate is charged, as well as a Commission.…