Month: September 2019

Borrow 5000 USD? Find the cheapest provider! Borrow money quickly!

Borrow 5000 USD

Borrow 5000 USD

Many lenders only provide a loan from 5000 USD. It is of course also possible to borrow 5000 USD, but is this also possible in a quick and responsible manner? We have sorted it out for you. We hereby come to the conclusion that Credit hum from our range of lenders is the best assessed if you want to borrow 5000 USD and more. It has become increasingly difficult to take out a loan in recent years. If you have a negative BCR coding, this can even be almost impossible. Fortunately, there are a lot of alternatives to still be able to win 5000 USD

Somehow it makes sense that the banks are becoming increasingly difficult about lending money. More and more people are unemployed, but the number of loans remains the same. That means that many of these people cannot pay off the loan at all. A bank wants to be sure that they will get their money back in full.

Borrow 5000 USD – borrow collateral

Borrow 5000 USD - borrow collateral

Are you afraid that the lenders do not want to offer you a loan? Then try to take out a loan with collateral. This can be your house or car for example. If you do not pay off your loan, these things can be confiscated by the bank. This gives them more guarantee that the money borrowed will be given back. Borrowing 5000 USD with collateral is therefore always much faster. The lenders will then only check again if you are creditworthy.

Borrow 5000 USD – without BCR review

Borrow 5000 USD - without BCR review

With a negative BCR coding it is very difficult to borrow anything, let alone 5000 USD. However, there are banks that do not ask for your BCR, so they will grant you a loan faster. Please note: it is possible that these banks use high interest rates as compensation. Because of this the costs can be very high! That is of course a waste, so always read the terms and conditions carefully before you go to work with a lender.

Personal loan, revolving loan or car loan

Personal loan, revolving loan or car loan

These lenders start from 500 to 2500 USD as a minimum amount. Conditions of loan application. You are not eligible for a loan application if:

  • you do not have BCR coding
  • it concerns a business application
  • you are entitled to benefits with benefits under the Unemployment Benefits Act (WW / ABW / WWB).
  • you have an income from student finance
  • your income is less than $ 1,500.00
  • you are younger than 18 and older than 64.

Categories: Uncategorized

Shocking figures: Western Europeans have ten times more savings than Hungarians

Even though the Hungarian population has increased its savings in recent years, we are still far below the European average. Let’s look at the numbers, the details!

Which brings together the most advanced industrialized nations, regularly publishes data on household savings. Comparison of the data reveals where Hungary stands in the region, in Europe, in the world. One study compares the average savings of the population with the annual salary.

On the basis of this, stagnation was rather observable

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Hungary’s relative position has not changed much compared to recent years. At present, Hungarian households save on average 2.8 times their annual salary. This is a double of what is common in Western European countries. But there is nothing to be surprised about, because the standard of living is actually much higher in a country west of us than in our region or Hungary. At the same time, at least for our mills, Hungarian households have more savings than the regional average.

It is also advisable to look at the per capita saving amount as this will further illustrate the gap between the various European regions. While in Western Europe the average wealth per capita is close to 27 million HUF, in Hungary it is only 2.6 million HUF. And this is just an average value, there is a significant part of the population that has no savings, while a narrow layer has a much higher amount than the average.

At first, it may seem strange that

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When measured by annual salary savings, Hungary is ahead of the CEE region, but is lagging behind in terms of per capita value. The reason for this is that when calculating the indicator, savings were calculated for the whole population and not for the employees.

All this does not change the fact that the average saving of a Hungarian is one tenth of that of a Western European. In addition, the Mediterranean countries are ahead of our country, where there is an average triple difference in the value of savings. Reviewing the composition of savings, you will find several specialties that are specific to the Hungarian population. Here are the following:

– the Hungarian people have traditionally high cash holdings (15%), but this is true for our region as a whole,

– due to very low deposit rates, deposits have been completely turned away from deposits, even in Western Europe the share of deposits is not so low (34%), – equities do not stir Hungarians, but Western Europeans,

– a very high proportion (16%) of the population holds investment funds,

– life insurance plays a much smaller role in savings (7%) than in Western countries,

– the other category has an extremely high ratio (25%), which can be attributed to the high popularity of retail government securities.

Deposits account for almost one third of the savings

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It is also important that deposits placed with savings banks and state subsidies are also shown here. According to the available data, the deposit portfolio grew by an average of 16% per annum between 2003 and 2016 and was likely to double-digit in 2017 as well.

At the end of 2016, housing savings totaled HUF 724 billion, while deposits according to the OECD were more than HUF 8000 billion. In other words, about every 10 forints between deposits is at home savings. And given the popularity of the sector, there is every reason to increase their share. With a 30 percent state subsidy, you can realize up to two-digit returns.

Categories: Uncategorized