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1st Time Car Buyer Program

Are you looking for an inexpensive newbie vehicle purchaser program? The majority of individuals can concur that purchasing their very first automobile is a difficulty. We provide vehicle loans for bad credit.

Due to the fact that they understand the significance of an excellent credit rating, individuals who do not have a credit score usually stress the most. With an excellent credit score, you can look for good deals and work out much better rates permitting you to get a vehicle.

Since you may not be able to pay for the regular monthly and in advance payments, you’ll be sure to pay on time. It can assist you rapidly develop your trustworthiness and credit ranking.

For a lot of, a cars and truck is not just a need however, a fantastic method to get a credit score. As a novice cars and truck purchaser, you may be asking yourself: where do I begin?

This is where this guide can be found in. At Auto Loan Money Now, our objective is to make it much easier for you to pick a novice vehicle purchaser program. Let’s take a look at some helpful suggestions that might assist you with your search.

For a lot of novice cars and truck purchasers, a loan is the only method to get their very first cars and truck. It spreads out the threats and payments throughout a longer time period. Typically, getting an auto loan is much better than conserving up the cash.

Lots of individuals require a vehicle for company, school, or work. You require an automobile that is dependable. In this case, it is more useful to get a vehicle loan that is appropriate to a novice cars and truck purchaser.

Looking for a newbie automobile purchaser program can be tough. You need to handle documents, buy bargains, compare the rates of interest, look after your financial resources, and the list goes on. It’s made more demanding and complex by the costs that keep building up with time.

The majority of individuals believe they must construct a great credit score prior to they can get a cars and truck loan with sensible interest rates. This is one of the primary factors interest rates and regular monthly payments are high for a novice automobile purchaser.

You Can Still Get Budget Friendly Month-to-month Payments
There are loads of programs out there for novice automobile purchasers at affordable rates. Lots of novice vehicle purchaser programs use lower interest rates and budget friendly month-to-month payments.

Prior to we go over the very best method to get your newbie automobile purchaser program, let’s take a look at the very best vehicle choices for you. In this manner you’ll prevent the typical error most novice vehicle purchasers make which is to pick a vehicle that they can’t pay for.

How To Purchase Your First Vehicle

Inspect out some of the recommendations we have actually made listed below if you are a newbie automobile purchaser and desire to understand how to conserve loan for an automobile. These will likewise assist you prevent the typical errors numerous novice vehicle purchasers make.

Work out your spending plan and stick to it! The sensation of having your own vehicle and being able to declare your self-reliance is terrific.

Read: 10 Basic Tips to Assist You Conserve Cash on a Trip

With all the enjoyment it’s simple to forget that dull thing we call a budget plan. Yes, a newbie vehicle purchaser can secure a loan however, you still need to consider the deposits, regular monthly payments, and rate of interest that feature it. These are simply a few of the expenses you’ll sustain.

There is another set of figures that will approach along the method such as, taxes, fuel, insurance coverage, upkeep, and repair work. As a newbie automobile purchaser, you will be strained with more monetary obligation however, it will deserve it!

Aside from understanding your budget plan, you need to likewise prepare your monetary info and credit history information. Make sure to fill in the loan application kind in complete.

Find out more: 6 Things You Ought To Never Ever Inform A Vehicle Salesperson When Purchasing A Vehicle

Budgeting as a Very first time vehicle purchaser
We likewise went over the things you ought to think about as a novice cars and truck purchaser. We will talk about some of the most typical novice cars and truck purchasers issues such as the month-to-month and in advance payments.

Read: Smart Factors to Purchase an Utilized Vehicle with a Tax Refund

The Deposit
Let’s begin with the deposits. Economists advise paying a minimum of 20% of the overall quantity of the vehicle loan. One factor for this is that a larger deposit can equate to lower rates of interest and more economical month-to-month payments.

Lenders choose a larger down payment. It is your very first loan.

This is due to the fact that you have actually currently invested a big quantity of cash into purchasing your vehicle. As far as they are worried, there is no other alternative however to continue making your month-to-month payments.

As an outcome, the lending institution might want to offer you more beneficial rates of interest. You have actually gotten their trust and you will in fact conserve more cash in the long term- another factor to pay a minimum of 20% of the price tag.

Other expenditures and month-to-month payments

Aside from the deposit, you must likewise remember the other expenditures and month-to-month payments. A great way to make certain you can manage the regular monthly payments is to select a newbie cars and truck purchasing program that is less than 20% of your earnings. If you make $5,000 a month, you must just select a program that needs a $1,000 payment or less.

Take note: emergency situations do happen. Keep in mind, life is unforeseeable so make sure you have enough to one side for a rainy day, and keep in mind your everyday travel expenditures.

Consider this when you are you are putting aside your month-to-month spending plan. Novice vehicle purchasers frequently neglect insurance coverage when they are working out their spending plan.

If somebody takes it, include security gadgets so that your cars and truck is immediately tracked
Just purchase the protection you require
Keep your automobile in a garage when not in usage if you can
How to Discover an Inexpensive Cars And Truck Insurance Coverage

Routine Repair And Maintenance Costs
Whether it is a used or brand-new vehicle, repair work and upkeep are unavoidable. It can be difficult if your cars and truck breaks down and you have no loan conserved up to repair it.

Now you have some concept on how to budget plan for your novice automobile purchaser program. Next, we’ll take a look at methods to conserve loan and prevent the typical risks novice automobile purchasers make.

Find out more: 7 Things Your Automobile Car Dealership Will Not Inform You About an Auto loan

Tips for Very First Time Cars And Truck Purchasers
Purchasing your very first cars and truck can be demanding. Do not stress, Cars and truck Loan Money Now is here to assist.

Take Your Time
Salesmens acknowledge when somebody desires an automobile rapidly. Yes, you have actually got your vehicle, however the interest rates and month-to-month payments are greater.

Prevent making that error. With that additional time, you’ll conserve yourself loan and distress in the long run.

You may be fretted due to the fact that you are a very first time cars and truck purchaser without any history or, you may have some arrearages or a bad credit ranking. The very best piece of recommendations we can offer you is: do not take the very first deal that comes your method. Some unethical business are quick to make the most of the reality you are not 100% sure you understand what you’re doing.

Conquer temptation. Require time to discover a newbie cars and truck purchaser program that fits your requirements and spending plan. Keep in mind, there is an automobile out there that is best for you and you may be shocked at how simple it is to get a newbie automobile purchaser program no matter your credit score.

Are you an university student? Read this post on Purchasing an Automobile for an University Student

The Vehicle Loan Money Now Application
At Vehicle Loan Money Now we have actually put all your requirements in one easy application kind. By filling in our type you can discover the finest very first cars and truck purchaser program for you that fits your budget plan.

Automobile Loan Money Now makes it simple for clients to discover a newbie cars and truck purchaser program. Other services we provide consist of absolutely no down vehicle loans and novice vehicle purchasers who have no credit history e.g. trainees.

Time Cars And Truck Purchaser Program– Conclusion
We can assist you discover the option to all your issues if you are a novice vehicle purchaser. At Vehicle Loan Money Now we will assist you prevent the typical errors novice automobile purchasers make. Preventing the typical errors will assist you conserve loan and prevent unneeded headaches in the future.

Keep in mind to put 20% of the sticker label expense of the automobile to one side for your down payment. When it comes to your regular monthly payment, you need to consider your house spending plan.

If you desire benefit and speed, Automobile Loan Money Now is the best location for you. We can assist you discover an ideal newbie cars and truck purchaser program with low-interest rates within minutes.

We also Provide:

Car Loans for People with Bad CreditNo Credit CheckSubprimeZero Money Down
Buy Now Pay LaterBankruptcyClassic CarFirst Time Car Buyer Program
Tote the NoteHigh RiskStudentSecond Chance
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How to repay your debts and save at the same time

Is it better to pay off debts or save money? Small tip: you can do both!

We have composed a step-by-step list to help you get started:

Step 1: Establish a budget

It is almost impossible to pay off debts and save without establishing a budget. Indeed, this budget allows you to make the best use of your money and to target the places where you can reduce your expenses. First, make a list of all your sources of income; do not forget, for example, government benefits. Then make a list of your expenses. Lastly, eliminate all unnecessary expenses and divide the remaining money between the repayment of your debts and your savings.

Are you ready to start? See our detailed guide on payday loan with no easy approval.

Step 2: Learn how to save money

While a budget can help you save money, you need good financial habits to make progress. Since you are reading this article, it is likely that you have some work to do. For your convenience, here are three tips that can help you save now:

  • Lifestyle: The ability to save money depends on your lifestyle. While it may be tempting to eat regularly at the restaurant, travel annually or buy designer clothes, the average worker can not do all that. Choose only one or two elements or hobbies per month that justify the expense (and stick to your budget).
  • Keep track of your expenses – time flies at lightning speed so it’s easy to spend days or weeks without checking your bank account balance. Set a weekly alert on your phone to check your expenses, or download a mobile app that will do it for you. Then compare monthly expenses with your budget and make the necessary adjustments.
  • Find more room for savings in your budget: either by reducing your expenses or by earning more money. Then devote to your savings the money thus released.

Step 3: Create an emergency fund

An emergency fund:

1) prevents you from accumulating even more debt by guaranteeing you a cushion of security that will allow you to meet unforeseen expenses;

2) helps you establish good savings habits by giving you a small goal to achieve.

People often wonder how much money they should save. The amount of your emergency fund depends on your lifestyle. Start by setting aside $ 1,000 a year for emergencies; this amount should be sufficient to cover most routine unplanned expenses (home renovations or minor car repairs, or unplanned travel).

Step 4: Do you need help with a debt? Consider a consolidation loan to simplify your repayment schedule.

A consolidation loan facilitates the management of your debt repayment by consolidating multiple bills into one single monthly payment. You will be able to count on an established payment schedule, which will allow you to make fixed payments for the duration of your loan. At the end of the term of your loan, your debt will be repaid.

As a bonus: you could save hundreds or even thousands of dollars in interest if the interest rate of your consolidation loan is lower overall than all your other debts (which will free up even more money for your savings) . Our suggestion? If you are a homeowner, try to consolidate your debts with a secured loan in order to get a lower interest rate.

Check out our debt consolidation and secured loan pages to learn more.

Step 5: Put your money in the right kinds of investments (hint: go for high yield investments)

If you pay a credit card at 29% interest, and you get a return of 1% or 2% in your savings account, it’s not worth putting your money aside. If it is really important for you to save while paying off your debts, make sure you find a savings account or an investment that gives you the best return possible. If you can not find a high yield investment, focus first on repaying your highest interest debts. Then catch up on savings and get the most flexibility in your budget.

Step 6: Give priority to saving for your retirement

Most pension funds offer you a good return. Not to mention that contributions to an RRSP make you eligible for an annual tax refund. You therefore benefit from an additional amount to dedicate to the repayment of your debts! So if you do not have a lot of money to put aside while you pay down your debts, limit yourself to retirement savings.

Put a brake on these types of savings until you pay off your debt:

  • funds for the holidays;
  • home renovations (note that your emergency fund can help cover home renovations, however);
  • amount for the purchase of a vehicle (unless you absolutely need a new vehicle to continue working).

Once you get rid of your debts, you can take back these types of savings.

Step 7: Automatic Transfers to Save and Refund

Savings and debt repayment have one thing in common: it is easier to stick to when adopting the automated way. Match automated transfers and payments with your payday. This way, you will not be able to spend the money before it leaves your account and, over time, you will get used to having less in your account on your pay day.

Do not forget to keep track of your progress. It may be difficult to change your lifestyle and lifestyle to match your financial goals, but regular checking of your progress will help motivate you.

Want more advice to pay off your debts faster? These articles might interest you:

Interested in a loan? Try our free loan submission! In just a few minutes, you will receive an online loan quote that will tell you how much you are entitled to and the amount of your potential payments. No obligation and no impact on your credit score.

Apply For The Car Loan!

What is the difference between a registered credit survey and an unregistered credit inquiry?

When you apply for a loan, credit card or even rental housing, businesses will get your credit report so you can understand your borrowing habits (also known as credit check or solvency investigation). Did you know that there is more than one type of credit check?

Recorded credit survey and unregistered credit survey: what’s the difference?

An unregistered survey will not affect your credit score and will not appear on your credit report. As for a recorded survey, it can slightly affect your credit score and will appear in your credit report (which means other lenders will be able to see it). Is there another difference? A lender must obtain your authorization before proceeding with a registered credit inquiry, but not for an unregistered credit inquiry.

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Unregistered credit inquiry or registered credit inquiry conducted by a business:

  • What is an unregistered credit inquiry?

Most unsaved surveys allow you to verify your eligibility for any offer. If you receive a credit card offer by mail, the credit card company has probably already conducted an unregistered survey that has confirmed that you meet its credit criteria. Other types of unregistered surveys include credit monitoring services and loan or insurance quotes.

  • What is a credit check?

Businesses carry out a registered survey when they have to decide whether to grant you a loan or credit. If your eligibility has been confirmed for a credit card offer, you will need to authorize the credit card company to conduct a recorded survey so that it can close your application and give you the credit card.

Examples of registered and unregistered credit inquiries:

Unsaved credit inquiriesRegistered credit surveys
  • Most credit monitoring services (Equifax or TransUnion)
  • Loan or insurance quotes
  • Receipt of a credit card promotion by mail for which your eligibility has been previously verified
  • Obtaining a personal loan
  • Opening a bank account
  • Demand for rental housing

Protect your credit score by minimizing the number of surveys recorded

It is normal to see a decrease in your credit score after one or two surveys are recorded. With the exception of this, the impact on your credit is very minimal. However, a large number of credit inquiries done in a short time can affect your credit score.

Since other lenders can see the recorded credit surveys, it may be more difficult for you to obtain credit since this activity in your credit report may indicate that you are looking for credit.

Here’s why :

Lenders study various factors to decide if they are giving you a loan. The most important factor is the debt ratio.

Debt  ratio: The debt ratio is the monthly amount you use to pay your debts in relation to your income. It is usually more difficult to obtain credit if your debt ratio is higher than 36%.

Even if you only evaluate the options to find the best rate, the lenders might think that you will respond to each request. If you take all the loans you have requested, your debt ratio will increase and a lender could consider you an at-risk borrower.

Does applying for a loan affect my credit score?

Want to evaluate all options to find the best rate? At Fairstone Financial, our online loan submission is based on a non-registered credit survey that lets you know how much you could borrow and what your payments might be. Since we use an unregistered survey, the loan submission will not be recorded in your credit report and other lenders will not be able to view it. We will conduct a registered survey only if your loan submission is suitable for you and you wish to apply for a loan.

The best thing about our loan submission is that it is easy, safe and only takes a few minutes. Try it today to see if a Fairstone Financial loan is right for you.

Apply For The Car Loan!

All you need to know about TFSAs

A tax-free savings account is a great tool that can help you save money for short-term or long-term goals. Keep reading this document to understand the nature of a TFSA and how you can use one in an advantageous way.

What is a tax-free savings account?

A Tax-Free Savings Account (TFSA) allows Canadians to protect their investments from income taxes. The Government of Canada launched the TFSA in 2009 to help Canadians get rich. You can have various investments in a TFSA: GICs, bonds, mutual funds and more. 

How does a TFSA help you save more money? You do not have to pay taxes on interest, dividends (except dividends from the United States) and capital gains earned in a TFSA. So we can say that all the money earned inside a TFSA stays in your pockets.  
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How does a TFSA work?

Here is some basic information about TFSAs that gives an overview of how they work: 
  • 𝗖𝗿𝗶𝘁𝗖𝗿𝗶𝘁𝗿𝗲𝘀 𝗱’𝗮𝗱𝗺𝗶𝘀𝘀𝗶𝗯𝗶𝗹𝗶𝘁é at 𝗹’𝗼𝘂𝘃𝗲𝗿𝘁𝘂𝗿𝗲 𝗱’𝘂𝗻 𝗖𝗘𝗟𝗜
You must be a permanent resident of Canada, at least 18 years of age and have a valid Social Insurance Number to open a TFSA. 
  • 𝗥𝗲𝘁𝗿𝗮𝗶𝘁𝘀
You can make as many withdrawals as you want and withdraw all the funds you want. In addition, any amounts you withdraw from a TFSA will not be taxed, making the TFSA a great option for a short-term goal, such as earning money for a car purchase. or home renovations. 
  • 𝗟𝗶𝗺𝗶𝘁𝗲𝘀 𝗱𝗲 𝗰𝗼𝘁𝗶𝘀𝗮𝘁𝗶𝗼𝗻 at 𝘂𝗻 𝗖𝗘𝗟𝗜
In 2019, the contribution limit for a TFSA is $ 6,000 a year. Remember that if you contribute $ 5,000 that you withdraw during the same year, your contribution limit will be $ 1,000 for the rest of the year (no withdrawal increases the contribution limit).
Tip: You can hold more than one TFSA, as long as your contributions for all accounts do not exceed the contribution limit. 
  • 𝗟𝗲𝘀 𝗱𝗿𝗼𝗶𝘁𝘀 𝗱𝗲 𝗰𝗼𝘁𝗶𝘀𝗮𝘁𝗶𝗼𝗻 𝗶𝗻𝘂𝘁𝗶𝗹𝗶𝘀 𝘀 𝗿𝗲𝗽𝗼𝗿𝘁 𝗿𝗲𝗽𝗼𝗿𝘁 𝗿𝗲𝗽𝗼𝗿𝘁 𝗿𝗲𝗽𝗼𝗿𝘁 𝗿𝗲𝗽𝗼𝗿𝘁 𝗿𝗲𝗽𝗼𝗿𝘁 𝗿𝗲𝗽𝗼𝗿𝘁 𝗿𝗲𝗽𝗼𝗿𝘁
If you do not have a TFSA right now, you can take advantage of unused contribution room from previous years. The contribution limit has been changed a few times since the TFSA was launched, which you can see in the table below, which helps you assess the contribution room you have accumulated. You can also view your contribution room on the CRA website. 

What is the most expensive bank?

This year 2017 will be marked by a new rise in rates for traditional bankers. In fact, new services are billed to customers, including account maintenance fees. However, with the arrival of a new offer on the market, Orange Bank, new turmoil is waiting for this sector.

Bank charges

If bankers get paid for the many products they offer, be they savings or credit, bank charges are part of their range of income. There are many bank charges; account maintenance fees, intervention fees, interest charges, billing of means of payment, charges for payment incidents …

As a general rule, when opening a current account, the banker offers you a formula that allows you to benefit from a number of services including means of payment, an overdraft authorized, withdrawals from distributors …

However, when your needs are outside the formula, the banks charge you these additional services at a high price. Thus, when you exceed the number of authorized withdrawals in the branches of your bank, you will have to pay a lump sum for each withdrawal made.

The poor always more marginalized

The poor are particularly affected by these additional services. In fact, bankers charge a high price for transactions carried out outside the overdraft facility. It must be said, that the consumer will be charged a lump sum for each transaction; although it is capped. Thus, the more operations there will be, the higher the cost will be, in addition to that, the cost of interest charges must also be taken into account.

Most favored households rarely exceed their overdraft fees. As a result, the most disadvantaged households are the most exposed to these additional costs.

A difference in ranking

Below, the ranking of banks according to their prices:

Through this ranking, we can see that in order to reduce bank charges, a household must choose their banker according to their financial situation. Thus, a customer who presents a conventional financial situation will have every interest to subscribe an account at the Caisse d’Epargne. In this way, these bank charges will only amount to € 5. However, if he is having financial difficulties, he would do better to choose La Banque Postale, because by remaining at the Caisse d’Epargne his bank charges will be multiplied by two.

How to avoid bank charges?

Finally, the best solution for a household in difficulty is to try as much as possible to limit bank charges. However, the only way to get there is to know your banking agreement. In fact, you must know how many withdrawals you can make in other banks.

If possible, avoid intervention fees, especially for small amounts. It is better to have an intervention commission for a high sum, than to multiply small purchases. When you know that your difficulties will be limited in time, consider taking out a loan. In this way, you can meet your obligations, while controlling your bank charges.

Finally, when you think there is an abuse on the part of your banker, do not hesitate to contact the mediator. Indeed, each bank has a mediator who can intervene in a possible conflict.

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Bank Prohibition: How to get a credit?

Bank forbidden?

Being banned is a scary word. To become a banking prohibition, it suffices that your bank rejects a check you have issued without funds. As a result, you become banned from banking and you are unable to issue new checks. It is therefore the bank that makes the decision to categorize a banned consumer bank and reports its decision to the FCC (Central File Checks). Held by the Banque de France, the FCC lists all banking prohibitions. This prohibition is general and obviously applies to all accounts, even those opened in another bank. It also applies to co-owners in case of joint account, except those who have previously designated only one of the two holders as responsible in case of incident.

What are the consequences ?

Except in case of regularization, the banking ban is recorded in the Central Check File for five years. The direct consequence of the banking ban is the non-issuance of new checks. Bank bans are forced to return all the checkbooks they have. Sometimes this also leads to a ban on overdraft.

How to obtain a consumer credit in these conditions?

Obviously, this situation does not favor the contraction of a consumer credit. It is however advisable to go around the banks and discuss with them the situation. Some may be more understanding. Applying to a broker can also provide a consumer credit without wasting time. This professional in the banking sector knows the system perfectly and will maximize your chances of getting credit in the best conditions.

Bank loan for homeowners

If the banking prohibition is fortunate to be owner, it will be easier to obtain a personal loan , provided that the housing is put in bail of the loan. A solution of last resort, which should only be considered as a last resort. Indeed, in case of difficulty to repay the loan, the property of the borrower can be seized.

Bank loan for tenants

For tenants, the situation is more complex. However, the financial institution may offer a buyout of personal loans with additional cash. This type of credit allows the borrower to obtain a supplementary amount to repay outstanding credits or finance a project. As a general rule, it is not the bank but a specialized credit buy-back organization that will manage the file.

Social micro-credit

Lastly, the last resort for the most destitute who find themselves in the impasse, to appeal to an association that offers micro-creditsocial. Among these, the local mission, the CAF or the Red Cross agree to lend money to people without resources. The Red Cross benefits each year from a small budget loan for the poor. To set up a file, contact the local Red Cross or a social worker. Establishments that prove that hope is allowed, even for the most in need.

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Online banking: an increasingly popular trend

Online banking: an increasingly popular trend

Online banking has been around for ten years now. This trend, which is rapidly becoming popular, has had a difficult start. Where is the concept of online banking really? Who are the market players?   

Ten years ago, the online banking market was beginning to point the tip of its nose. At first rather popular with urban men, online banking seems to attract more and more customers of all ages. According to a survey by Research Now, about 10% of customers say they have an account in an online bank today. Increasingly, Internet users who are used to using the web are turning to online banks, as shown in this infographic by Statista in 2016.

 

Less expensive banks

Online banks often cost customers less than networked banks. Less expensive, but not less qualitative. According to a study by the banking comparator betterbank, customers of online banks would be more satisfied with their bank than those who have an account in a bank network. As customers become more and more self-reliant, they do not physically go to banks and this opportunity brings less added value than a few years ago. The proportion of customers going to their bank at least once a year is decreasing. Price is one of the primary motivations of online banking users. Indeed, since all banks charge a maintenance fee,

According to a study by Nextbanque, the fact that the credit card is free is also part of the main motivations of customers. 40% of online banking users take advantage of a promotional offer when opening an account. Finally, 35% prefer online banking to save money compared to a traditional bank. Beyond the pricing dimension, practical aspects, ease of account opening and responsiveness are now to be taken into account.

Who are the market players?

Six institutions have the name of online banking: Boursorama Banque, ING Direct, Monabank, Hello Bank !, BforBank and Fortuneo Bank.

According to a Nextbanq study, Boursorama Banque would be the most popular online bank. However, if we stick to the customer base, it is ING Direct which trustees the top of the ranking by reaching 1 000 000 of customers. By 2015, the King of Online Banking would have opened nearly 60,000 accounts.

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What you need to know about online social micro credit

What you need to know about online social micro credit

Reserved for people most in financial difficulty, social micro credit allows the borrower to finance property in order to improve his daily life and his situation. How to learn about social micro credit? Where to apply?

If the micro credit professional is granted to create or develop a professional activity, the micro credit social, it, aims to improve the situation of the borrower through a personal project. It allows the buyer to borrow between 300 and 5,000 euros. It is mainly intended for people who can not get a bank loan. It is a loan obtained at a reduced rate and guaranteed jointly by the State and the lending institution. The repayment period for this type of loan is five years maximum.

Created in 2005, the Social Cohesion Fund has promoted the development of personal microcredit by providing the Caisse des Dépôts et Consignations with a budget to guarantee these loans up to 50%. For institutions, personal microcredit serves to combat both bank exclusion and household over-indebtedness. In 2016, an estimated 5 million people can not qualify for a conventional bank loan.

Who can benefit from social micro credit online?

Social micro-credit is rather reserved for people who can not obtain a conventional bank loan. Among these people, those with too low incomes whose debt ratio of a conventional loan, about 33%, would be too important. People with no job stability, such as permanent workers, often have difficulty borrowing money. Young people, job seekers or beneficiaries of the RSA can apply for social micro credit. Finally, prohibited bankers in the central check file can also claim a micro credit online.

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What can a social micro credit fund?

If the basic loan is between 300 and 5,000 euros, this amount can be revised depending on the situation of the borrower. In many cases, microcredit can be used to purchase or repair a vehicle for the purpose of getting to work or getting a job. This is the case for more than 74% of loans granted in 2014, according to Caisse des Dépôts et Consignations , for an average loan amount of € 2,266. Nevertheless, the borrower is entitled to use this money to finance another type of property, to the extent that it relates to employment or professional mobility.

How to apply for a social micro credit online?

First of all, you should know that it is not possible to directly apply for a social micro credit online. However, it may be worthwhile to start some online approaches to the future social micro-credit application to find out which organizations might lend on more flexible terms.

Micro credit social online: where to inquire?

If you can not apply for a social micro credit online, you can find out which organizations lend money easily. Among them, the local missions or associations such as the Restos du coeur or the Red Cross. These associations can act as intermediaries with the bank or even sometimes act as guarantors of a bank loan. They will support the beneficiary in his efforts and guide him towards the most appropriate financial institution. A simple search on the internet will make an appointment with these various associations near your place of residence. If all banks do not offer the micro credit social option, some are partners. Among the best known, Crédit Agricole, BNP, the Postal Bank or Crédit Mutuel.

And if you prefer to apply for a social micro credit online, it is possible to proceed by mail, filling carefully some boxes. It is essential to explain the reason for the use of social micro- credit : in particular, what kind of property will it finance? It will also explain the cause of the refusal of conventional bank loan: income too low? Searching for a job ? Finally, do not forget to indicate your availability and time slots to which you can be attached. You will be contacted to arrange an appointment and finalize the funding project.

This preliminary request will allow the organization to study the solutions before contacting you. Be careful, do not neglect this step, which can be decisive on the sequence of events and allow you to get a social credit or not .

How is the average price of the car changing in France?

How is the average price of the car changing in France?

By observing instant auto loan approval for bad credit the sales prices by brand in France, the Argus offers an interesting light on this very active market and in perpetual evolution. In France, in 2016, the average purchase price per brand was 26146 euros. This price is increasing compared to the previous year: + 804 €, an increase of 4%. Over a longer period, the trend is confirmed. Between 2007 and 2016, the average purchase price of a new car in France increased by 3693 euros, or + 16%, which is relatively high.

Porsche at the top, Dacia at the bottom

In detail, the ranking established by the Argus place Porsche largely in the lead. This is the brand whose average purchase price is the highest: 85710 euros. Nothing surprising on this point: the Porsche Cayman, the cheapest model of the range, is marketed from 55 000 euros approximately. On the other side of this ranking is Dacia, the low cost brand of the Renault group. His position is not surprising either. The evolution of the positioning of the brand is on the other hand a little more. Indeed, between 2007 and 2016, Dacia sees the average price of its vehicles increase from 11346 € to 13511 € (+ 19%). Behind the low cost side, Dacia ensures and manages very well its rise in range, in particular thanks to its Duster.

Lower prices to gain market share

The study points to the strategy of some brands . Thus, Lexus and Jeep see their average price decrease between 2007 and 2016: -6% for the first, -12% for the second. Both brands have chosen to offer cheaper vehicles for sale. But the strategy is paying because in terms of sales, Jeep and Lexus show a significant increase: + 104% for Jeep between 2007 and 2016, + 94% at Lexus.

The French in all this?

On the side of French brands, Peugeot has an average price of 24,923 euros which should increase in the coming year because of the enthusiasm for the new Peugeot 3008 (the third best-selling car in France in 2017). Renault is also up (+ 5%) and this is explained by the renewal of its high range (Renault Espace, Talisman and Kadjar). On this ranking, Citroen is in trouble. Its sales are down 30% for 10 years and the average price also down against inflation (+ 9%).