Author: Bonnie Morgan

Payday loans for really bad credit -Payday loan lenders guaranteed acceptance

by Bonnie Morgan

Need Bad Credit Loans? Stop Searching payday loan lenders guaranteed acceptance Can Help 

Even twenty years ago, when the internet was almost non-existent in our country and people borrowed mainly in banks, the choice of financial credits was not very large. But now the situation is completely different, and one company in the other is growing especially in the non-banking sector. On the one hand, of course, it is positive, because the greater competition is always an advantage for the client - both having more choice and competing for better service and lower prices. But the other side of the coin is the fact that it is difficult to choose from such a wide range of offerings, and especially those who do not know much about it can be easily burned.

Some website operators have been well aware of this situation and have launched their own independent and professional loan comparison sites. These sites include not only the comparison of loans according to various parameters (such as maturity, loan amount, interest rates and other criteria), but also a large number of other valuable information - among other things, a clear payment schedule, client experience, contact information for the credit company and answers to frequently asked questions. A significant advantage of such sites is the fact that they only include proven companies in their comparison - if you apply for a loan directly from a comparator, you are sure that they are not fraudsters but a solid company.

Web servers, which compare loans, also offer a comparison of bank loans, but more non-bank loans prevail on them. After all, loans from the non-banking sector are more and there are both very advantageous zero-interest offers as well as very expensive and disadvantageous loans. In any case, a person over the age of 18 can find a suitable loan on these sites - whether for short-term loans, loans without a register, or any other credit product (including mortgages, consolidations, etc.).

When comparing loans, people are most often interested in fast payday loans guaranteed acceptance, that is why they visit website for free trial.

Top 5 Loan Comparison Queries:

Do I have to pay anything to compare loans, or is the service provided free of charge?

Of course, the service is completely free and you don't have to pay for it. On the contrary, by using it you can save considerable money.

Are loan comparison portals truly independent or linked to credit companies?

These sites are independent and are not linked to the lenders themselves. As a result, you will find a truly objective, professional and independent loan comparison.

Do I really know that if I borrow through a grader I don't lose money? I'd hate to hit the cheaters again.

Yes, thanks to the comparison pages you will avoid this danger. On the other hand, the greatest risk is when you borrow from an unknown company without a website, a loan from a natural person or when you respond to an advertisement, put somewhere on the street or on a notice board in a hypermarket.

Are all lenders, or only some, included in the comparison?

Everyone is not there, these sites are more focused on non-bank loans. However, you will find a large majority of the loans on them and, as already mentioned, fraudulent companies are never included.

Do I need to register somewhere first, or can I use the comparison portal straight away?

You do not need to register anywhere - you can use the site right away and in case of interest you can also apply directly (of course you have to enter the basic information about your person).

4 ways to get the best loan for buying a used car

by Bonnie Morgan

The times when the purchase of a used car was inseparably associated with a Sunday trip to the stock exchange, has passed forever. Today, the sachete, stuffed with banknotes, replaced a car loan. We advise what to do and what to look for in order to choose a solution that is fully adapted to your needs.

At the very beginning it is worth paying attention to the fact that when you decide to buy a vehicle, you can use both a cash loan and a car loan. The advantage of the first solution is unprecedented flexibility in spending funds, because financing is granted for any purpose. Thanks to this, nothing prevents you from buying even an old vehicle.

In turn, a car loan is a purposeful commitment, intended for the purchase of a specific vehicle, eg a car, motorcycle or caravan. The subject of financing becomes a loan security for the bank, thus lowering the risk related to the lack of repayment of the liability. It is mainly for this reason that a car loan is usually a cheaper solution than a cash loan.

Run a beauty contest

Run a beauty contest

In an environment of increased competition, banks are constantly adapting their loan offer, trying to adapt to the changing market expectations. Regular analysis of the parameters of individual solutions is time-consuming and can give you a headache. For this reason, choosing the best offer is worth supporting with the car loan comparator. This tool allows you to quickly narrow down the search area and focus on solutions tailored to the current expectations and financial situation of the client.

Compare the most important costs associated with the loan

Compare the most important costs associated with the loan

When we select the offers that are of interest to you, it is worth comparing items that directly affect the cost of the commitment. Let's pay attention to such parameters as interest rate, commission, as well as the Real Yearly Interest Rate (APRC). It is also worth x-raying the costs associated with compulsory car insurance. This applies in particular to the AC policy, from which the assignment to the bank is one of the loan collateral. Thanks to this, the funder is sure to recover funds in the event of theft or damage to the vehicle.

Check the other conditions

Check the other conditions

Do not kid yourself. A loan for a new car will always be cheaper than a loan for a used car. In the end, the vehicle straight from the living room, each time will be a better security than a car for several years. If you plan to take out a loan for a used vehicle, you must take into account the need to make a contribution. By taking part in the purchase of a vehicle, the borrower reduces the risk of debt repayment. Depending on the client's financial condition, the own contribution may vary from a few to several dozen percent of the vehicle's value.

Another important aspect is the maximum period for which the bank will grant us funding. The principle often works here - the older the vehicle, the shorter the loan period. And so, deciding to finance a 5-year vehicle at Sebank, we can count on a maximum loan period of 96 months. In turn, when you take a loan for a 10-year-old vehicle, you have to reckon with the reduction of this period to 36 months. Another approach is presented by Santander Bank, which will finance the purchase of cars up to 12 years of age, but not older than 16 years at the time of paying off the last installment.

Remember to secure the loan

Remember to secure the loan

We have mentioned before that securing the car loan is usually the subject of financing itself. For this purpose, banks use:

  • partial transfer, where the bank becomes a co-owner of the vehicle in 49%. Collateral is often accompanied by a vehicle card deposit, which prevents potential sale or re-registration of the vehicle,
  • registered pledge, where the financed vehicle is registered in the register of pledges kept by the district court. If the loan is stopped, the bank may take over the subject of the pledge and sell it to satisfy claims,
  • assignment from the rights of the AC policy, used as a complement to the transfer of ownership or registered pledge. Thanks to this, compensation resulting from the damage goes directly to the bank.

Depending on the financial and economic situation of the client, the lender may request additional security, eg a third party guarantee or a promissory note. When looking for the best loan offer, it is worth knowing in advance what kind of collateral the bank expects.

Car loan for a used vehicle - yes or no?

Car loan for a used vehicle - yes or no?

The answer to the question is not unambiguous. A lot depends on the vehicle itself, the purchase of which we intend to finance with the help of a loan. In the case of age groups, it may turn out that they are too old and do not constitute an appropriate security for a potential liability. In addition, the relation of the price of the old vehicle to the costs related to the compulsory AC policy, commission and costs of establishing other securities may prove to be unprofitable. In this situation, it is worth thinking about cash loans. In other cases, taking out a car loan may turn out to be the best solution.

How much can I borrow for a payday loan in Belgium?

by Bonnie Morgan

From the earliest stages of the payday loan application, the most common question is the amount of credit. Whether you plan to use this fund for your personal projects or make a reserve of money, know that the payday loan is governed by the code of consumption. Thus, Belgian banks will grant you a loan with a minimum value of 2,500 euros and a maximum amount of 75,000 euros. But when you talk to credit organizations, you can hope for better by focusing on a stable financial situation.

Payday loan, a form of commitment

Payday loan, a form of commitment

Even if it is tempting to borrow an exorbitant sum to fulfill your wildest dreams, remember that the payday loan commits you to repay the principal that is granted to you in monthly installments. What's more, you will have to pay interest. Before you decide, take the time to properly assess your needs and ask for only the amount you are missing. By doing so, you avoid a situation of over-indebtedness.

On average, the annual percentage rate of charge (APR) applied in Belgium represents between 5.7% and 15.5% of the total value of the capital borrowed. To find the best offers, take the time to compare the different formulas offered by the banks, and decide only when you have found the one that best fits your needs and your repayment capabilities.

Criteria to be met for granting a payday loan

Criteria to be met for granting a payday loan

The payday loan is by far the most simplified consumer credit formula. It is granted by the financial institution to an individual who requires financing for his personal projects, without any justification being requested.

But before you grant this loan, the bank will analyze your file and check if your ability to repay allows you. To attract the favor of the bank, do yourself the calculation of your expenses, your monthly expenses and your income to have your debt ratio. Moreover, you will know the amount of your "rest to live", this sum which indicates your standard of living, and which will be obtained after having removed your fixed charges which are the rent and the daily expenses like food, the invoices energy, child rearing and transportation costs.

Another important point, your professional situation will help tip the balance and attract you to the bank that will grant you the payday loan. When filling in your application form, do not hesitate to confirm that you are working well on a permanent contract, that you have many years of seniority within your company. And if your spouse has more advantages than you, do not hesitate to send the application on his behalf.

Payday loan: what about loans in progress?

Payday loan: what about loans in progress?

Always to get your debt ratio, this main element that will be used to calculate the amount you can borrow, you must take into account all the monthly payments that you must already pay for your other current credits: home loan, car loan, travel loan, etc. For your convenience, use an online credit comparator, this free calculator that helps you, without any commitment on your part. Moreover, it is always advisable to make comparisons between the many organizations that offer the payday loan to have a precise idea on the rates applied for the same amount of agent that you will repay over the same period.

In spite of your current loans, show your bank that you can manage your account well and still save money. So, make sure your balance is always in the green at the end of each month. What's more, the credit application is a responsible act, so avoid unexpected steps and urgent requests, because you may doubt your banker who will grant you a credit without asking for proof of use.

Following the payday loan simulation and payday loan search, you have finally chosen the bank that will grant you the requested amount. After the answer in principle, you will have to conclude a contract with the institution, while you will receive the loan in the form of a single payment to your current bank account. And according to the schedule, you will have to insure the repayments, with fixed monthly payment rates over the whole duration of the payday loan. But in any case, borrow smartly by asking only the amount you really need, specifying the project you will finance to better convince your bank.

Can retirees get a loan?

by Bonnie Morgan

It is no secret that most pensioners in Poland often lack money for monthly expenses, which with age, including due to their health condition they can only grow. However, on the other hand, the stability of the service received and no risk of losing it should place this group of people as potentially attractive borrowers for banks. But not for every pensioner this form of funding is available.

At first glance, banks treat pensioners as other clients. Thus, when applying for a cash loan, they must undergo a standard creditworthiness verification procedure. Some financial institutions, however, try to reduce these formalities to a minimum, because of the stability of the service received. Its documentation in a bank outlet usually involves the presentation of an identity document along with a payment benefit, a decision on granting a benefit or a certificate issued by ZUS / KRUS or other authorized body.

However, the determination of creditworthiness is the simplest matter. Most pensioners, if they do not have an overly burdensome credit history, they can count on a loan from the bank. The problem is that this applies to people aged around 70. In addition, the amount of such a loan in most cases can not be excessive and the repayment period should be excessively extended. Therefore, it is difficult to expect that a pensioner aged 68 will be granted a 20-year mortgage for PLN 300,000. However, it will be different when it comes to a cash loan of 5,000. for 8 years.

The options for getting a loan shrink with age.

The options for getting a loan shrink with age.

Around 80 years of age, it may not be possible to receive any funding in this way. Saving in such a situation can be a loan in parabank, which also perceives pensioners as good borrowers and often there are no upper age limits for submitting an application in this type of companies. However, here more flexible criteria for the allocation of funds are often associated with a multiple APRC. In both cases, a bank and a non-bank loan, one should also bear in mind the necessity to purchase additional life insurance, which naturally increases the costs.

Most banks treat pensioners as other applicants. However, there are institutions that have prepared a special offer for them. That's what he did Harkin Bank. The APRC of such a loan amounts to 26.49%, but this group of borrowers can count on co-financing in the amount of up to PLN 150,000 divided into 100 monthly installments. A person with the lowest pension can apply for a loan, and the bank does not check the credit history of the applicant.

Unfortunately, retirees often fall victim to cheaters. Seemingly attractive loan conditions can lead an older person into serious debts. Therefore, one should beware of submitting any applications through an unverified entity. A loan or loan application should be submitted at a branch of a bank or loan company that already has an established position on the market, and such a decision is always worth consulting with someone from the family or friends.

How much do you pay too much for your loan?

by Bonnie Morgan

Loans come in all shapes and sizes, this also applies to the interest that is charged for borrowing money. You can probably save a lot of money on expensive, long-term loans if you transfer them. Certainly if you are dealing with a sharply decreased interest rate after you have taken out the expensive loan.

Comparing interest rate differences can save money

Comparing interest rate differences can save money

To take out a loan you do not always have to go to the bank, or other financial institution, where you have been a customer for years. You better compare the interest of different loans and credit providers with each other. You will soon find out where you can take out the most advantageous loan.

Refinancing expensive loans

Refinancing expensive loans

Moreover, you can pay off many loans in one go with the money of a cheaper variant. However, you must bear in mind that you immediately terminate the expensive loan to prevent it from being registered with the CKP. To be able to take out a loan you must:

  • Find a lender who wants to borrow money for you cheaper. The lender will check if:
    • the requested loan matches your personal situation,
    • the loan matches your income and expenses,
    • you are registered with the CKP.

If you are known to the CKP as a defaulter, the lenders will usually not be willing to borrow your money.

Co-financing a loan in a mortgage

Co-financing a loan in a mortgage

You can sometimes transfer a loan to a second mortgage and pay less interest. The interest on a mortgage can be lower because the property serves as collateral. However, financial institutions will be reluctant to provide a second mortgage.

Avoid credit cards and are in red

Avoid credit cards and are in red

A credit card is very easy, but it also comes with a number of disadvantages such as: the balance must be settled in time to avoid high interest payments. Standing in red is built into almost every payment account and can be useful if you occasionally need a little more financial room. have. Hundreds of euros in red every month costs a lot of money. It is better to take out a cheap loan to repay such expensive forms of credit.

Points for attention when transferring

Points for attention when transferring

If you want to refinance a loan, you should pay attention to:

  • the amount of interest,
  • the conditions under which the loan is granted, such as
    • is extra repayment possible?
    • what happens to the loan if you die?

Costs of various loan forms

Loan form Characteristics Interest rate
Personal loan
  • fixed interest,
  • fixed and short term
  • depending on the market interest rate,
  • on average between 6 and 10 percent
Revolving credit
  • fixed maximum loan amount,
  • interest payment on withdrawn sum,
  • fixed monthly repayment period
  • fixed percentage of principal,
  • on average between 6 and 10 percent
Red on a checking account interest payment on withdrawn sum, 12 to 15 percent on average,
Credit card
  • annual fixed contribution,
  • interest payment on withdrawn sum
  • depending on the loan agreement
Deferred payment
  • sometimes free,
  • sometimes fixed or variable interest
  • depending on the loan agreement,

 

When can a bank refuse to grant a loan?

by Bonnie Morgan

The reasons why banks refuse to give credit may be a whole lot. In addition, this list changes depending on the financial institution we target.

Bad application filled out

Bad application filled out

The first problem that may arise is not, in spite of appearances, the assessment of our creditworthiness (although the time will also come for this), but the application has been badly completed. A long credit form usually contains a lot of questions about various matters. Unfortunately, the assessment of what is important and what is less depends not on us but on the bank to which we are heading. If, after neglect, we treat answers to questions that we think are trivial, but important for the lender, let's not be surprised if we miss our chances on good day.

Some people in this situation will probably go to a new facility. Mistake again. If we walk from the bank to the bank and leave their credit applications there, unfortunately some potential lenders may turn on a red lamp and a simple scheme: we desperately need a loan, that is, we do not have money, that is, we are insolvent. Therefore, after carefully reviewing the offers of banks (preferably online), you should choose one and file a very carefully completed application.

Who deserves credit?

Who deserves credit?

When the selection and filling stage is over, the time comes to verify our creditworthiness by a bank clerk. It consists of many elements and some of the criteria also change depending on the lender. For example, various banks approach the issue of maximum installments. In some facilities it can be 50 percent of pay, in other 60 or 70 percent. The basis, however, is to have this remuneration. An ideal situation for a bank is when it is dealing with a client with an employment contract for an indefinite period, who has been employed in a given position for a long time. Additional points can be obtained by married persons. Sometimes, however, banks require that a husband or wife agree to take a loan from their partner. However, it should be stipulated that this is not tantamount to the fact that the spouse will from that time be co-debtors or their creditworthiness will decrease.

They have slightly worse employment on a fixed-term contract. However, they are not in a lost position. Some banks check our employment not forward, and back. If, therefore, we have been in a given position for five years and the contract ends in a month, in some banks we will get a loan for several years. But more often you can meet with a situation where the lender will grant a loan only for the duration of the contract. This also applies to people who work on a contract for a work or contract of mandate. A client employed on this basis will usually be refused a loan, although there are also exceptions to the rule.

The bank may also negatively approach the industry in which we work. A person employed as a driver, builder, owner of a pawnshop, and sometimes even a politician can more often be refused than, for example, an employee of the post office. The creditor assesses some occupations in terms of its risk or possible collection of receivables. The latter applies in particular to persons working abroad. It does not matter that we earn a lot in England or the Netherlands. In Poland, taking eg a mortgage on this basis can be quite a challenge. And all this because of the banks' fear that in the case of non-payment of installments there will be a problem with debt enforcement.

In some institutions, they may also be skeptical about a self-employed person. For the lender it is a form of earning much more risky than, for example, a full-time job at the office. Applying for a loan in such a situation must very well document his earnings for the period appointed by the banking analyst. This, in turn, is associated with a lot of paperwork.

Seemingly, the group of dream candidates for obtaining a loan are pensioners. However, this is usually an obstacle here. The vast majority of banks give loans to a group aged 20 or more before the age of 70. Thirty-something girls, preferably settled, are preferred for large mortgages. Of course, as always, there are exceptions, and either an 18-year-old or a 75-year-old old man can get a loan somewhere. In this group, therefore, the greatest chance will be people with an early retirement or pensioner? In the power of age ?. However, it is different with periodic benefits. If the pension is only granted for a given period, one must take into account that the loan agreement will apply to the end of payment of the benefit.

Additional liabilities

Additional liabilities

Disqualifying in some facilities is also taking a quick time. Nothing is that paid off, it's important that it's taken, and that can mean that we were desperately looking for money. Similarly, taking too many credits in short time periods. Usually, this is done to satisfy the emerging financial needs. However, it can have negative consequences. Even if our creditworthiness allows you to incur another commitment, the lender may find that we are on the way to the credit spiral and then we will get a refusal. It is also worth remembering that the monthly amount of available free funds is the most important for the bank. High earnings are useless if you barely have enough for the first one.

The dreamed-for customer bank will therefore be a settled person, who has a stable and stable job, from which a lot of pay is left. On the client's side, it is necessary to select the facility properly and complete the loan application. Those who meet with refusal can look for happiness in non-bank institutions. Contrary to appearances, sometimes you can find loan terms there, not worse than a bank loan.

Refinancing costs for loan

by Bonnie Morgan

By paying off the outstanding balance of an existing loan, with the help of a new credit, you can sometimes be more advantageous. You can choose to take out the new loan with the same bank, or you can choose to do this with another financial institution. In addition to saving on borrowing costs, you can also change the original term or the monthly repayment terms of a loan by refinancing.

Refinance and save costs

Refinance and save costs

By refinancing you can choose to change the original loan. Shortening the term of your old loan is very useful because you can then save interest. However, if you want to spend more per month, it is better to choose to extend the term of the new loan. After all, you pay less each month and the costs will be distributed over a longer period.

Financial consequences of refinancing

Financial consequences of refinancing

When you decide to refinance you must take into account certain costs. Refinancing will therefore only be worthwhile if you know how to earn back the refinancing costs. By refinancing at the same bank you usually have to count on file costs and in addition the payment of a reinvestment fee of three months interest on the outstanding amount of money that you want to repay early.

If you prefer to refinance with another bank, you will also have to deal with extra costs. With this you can think of:

  • costs for the inspection: these are costs to remove the old mortgage registration from the register at the mortgage office,
  • costs for registering the new mortgage,

You can of course borrow the costs of a refinancing. However, such costs will not be tax deductible.

Moreover, when making a comparison, you must take into account all kinds of additional changes if you decide to switch to another financial institution. A loan from another bank can mean, among other things, that the conditions attached to the new loan differ from your original loan. This could mean, for example:

  • a more expensive debt balance insurance,
  • opening an account with the new lender,
  • direct debit from your salary,
  • the holding of savings.

Fiscal consequences of refinancing

Fiscal consequences of refinancing

However, a refinancing loan means that you can still enjoy the same tax benefits as with your original loan. When refinancing you must therefore always pay attention to the date on which the original loan was taken out. In certain cases, when you take out a refinancing loan, you can claim a higher basic amount (old housing bonus) as a replacement for a housing bonus loan.

Furthermore, a refinancing loan will not open a new ten-year term for the supplements. The loan for refinancing will then replace the original loan, so that the number of years that you are entitled to supplements remains the same.

Refinancing can only give you a tax benefit or loss if the term of the loan is changed. After all, a discount means that you will miss out on a tax benefit for a few years and by extending the term you can gain a few years of tax benefits (under the old system).

Loan costs calculation

by Bonnie Morgan

Loan companies providing payday loans almost always place on the Shenon Morge home page, which are used to calculate the cost of the loan. When choosing the appropriate amount and date of repayment, the total cost of the loan along with APY ( real annual interest rate ) is obtained on an ongoing basis. Most often, there is also a nearby link to the " information form ", which contains all the most important data on the current loan offer.

Analyzing the offers of many loan websites, it can be seen that in many of them, the total cost of the loan consists of a commission (which constitutes the vast majority of costs) and interest. Not every customer is aware of it, so the marketing message about a " zero-interest loan " may mislead it (the customer assumes that the loan is free).

By the way, it's worth answering the question how is it really with this " free loan "? Is it just a marketing slogan with a hidden hook or a real bargain?

Such a promotion does exist (currently, basically the majority of companies operating online) and means the possibility of giving only the amount borrowed (APY is equal to 0%). The repayment must be made within the set deadline - this is the only condition to take advantage of such a promotional campaign, which is only addressed to new customers borrowing in a given company for the first time.

What does NOT include the APY?

What does NOT include the APY?

In a nutshell, the costs that are associated with the client's delay. These include, for example, penalty interest or payment for prompts. Their maximum height is regulated by law, as are the standard costs of payday loans.

In conclusion, online lending offers are usually legible and do not contain "traps". However, this does not mean that everyone on the non-banking market acts honestly and ethically - by signing a contract you should always be vigilant. If you are not sure about financial or formal conditions, please contact the company's customer service office or opt out of the loan idea altogether.

Financing the end-of-year period with a loan

by Bonnie Morgan

One of the consequences of the economic crisis is that more and more people have experienced financial problems. After all, it is not possible in all cases to find a good balance with your monthly expenses with less or even no income. In certain cases you can (temporarily) reduce your need for money by taking out an additional loan or credit. Loans and credits are provided by various banks and other financial institutions, which in turn offer various types of loans. Today, more and more people are turning to this lender to help finance the expensive December month.

Borrow money with limited income

Borrow money with limited income

A lot of people are afraid that borrowing money is not an option for them, or that it will even entail major risks if they have to make ends meet on a limited income. However, the options and risks depend entirely on the personal situation. For example, you can focus on lenders who have specifically focused on providing loans and credits:

  • to people with a lower income,
  • with fewer conditions,
  • in combination with expert guidance.

Which loan method is most suitable in a specific situation depends on various factors such as:

  • do you have the right papers to borrow money,
  • do you have a chance of a job in the short term,
  • you have a prospect of a permanent contract in the short term.

You can also increase the chance of a loan by choosing:

  • a short-term loan,
  • a small loan.

By opting for short-term and / or small loans, you generally also save on administrative effort and time.

Different types of loans and lenders

Different types of loans and lenders

In our country, the best-known loan form is a loan from a regular bank. In addition, you can also choose another borrowing method, such as:

  • apply for a mini credit with an online lender,
  • opt for microfinance,
  • take out a revolving credit,
  • apply for a credit card,
  • collect money through crowdfunding,
  • borrow from a credit bank.

However, you must always take into account the fact that every lender uses different loan conditions and that every loan also entails different conditions. With a low income you choose the best option for an online lender because they often want to lend you money if you are registered with the CKP. You also prefer to opt for a small loan amount because you will be confronted with less strict loan conditions.

Legal conditions and risks lend low income

Legal conditions and risks lend low income

A low income does not necessarily mean that you cannot borrow money. To be able to take out a loan, you only need to be 21 years of age or older and have an income of your own. Although borrowing money with a low income is therefore possible, the question remains whether this is really sensible.

Borrow money for the end-of-year period

Borrow money for the end-of-year period

So if you want to borrow money to finance the end-of-year period, it is wise to check in advance whether you really need this money. You must also calculate how much money you could possibly release in the short term. Taking out a loan always costs money and also entails certain risks. After all, with a low income you are not waiting for even more financial worries.

In many cases it is not even necessary to take out a loan to finance the end-of-year period. For example, you can use your savings to cover the costs or take out a small loan with family or friends. In all cases, you must of course check whether you cannot reduce the costs of the end-of-year period, for example by:

  • purchase less expensive gifts,
  • spend the holidays at home or with loved ones instead of eating out,
  • skip the purchase of new Christmas outfits for a year,
  • reduce the costs for fireworks, champagne and other superfluous luxury, or even eliminate them altogether.