What you need to know to quickly repay an installment loan!


For many people an installment loan is the solution to buy a car or to acquire a house. Large amounts of money are involved and this can often not be solved with the savings account. In the event that there is some savings, people would rather keep it for emergencies. For example, you can easily buy a car through an installment loan. Then you pay a small monthly amount and you can already use the car. Handy for many people, but what should you look out for when looking for a loan?

Not so expensive installment loan

Not so expensive installment loan

The costs are of course important for a loan. They sometimes make the payment a lot more expensive. How can you easily avoid that? By comparing as many banks as possible and looking closely at the costs they charge. You pay the costs on a loan together with the monthly installments. Together with the capital that you have to repay, you have one amount that is withdrawn from the account every month. keep that amount as low as possible by simulating loans. And that is now also possible via the internet. So you don’t have to go to a bank for it. This saves you a lot of time and the result is the same.

Enter an amount that you wish to borrow and choose the number of months or years for the payment. With this data you already have a result in front of you. You can also see the costs separately, take a good look at the APR or annual costs percentage. Banks are also required to provide this information with a simulation. So you are immediately aware of the costs and you know where you stand if you apply for the loan. If you now also perform this operation at other banks, you will quickly see where the best conditions can be found. And that is always the offer with the lowest costs, so you have to pay less.

Amount to pay from your income

Amount to pay from your income

There are lots of costs to pay for everyone every month. Maintaining a good budget is therefore necessary so that you do not spend too much money. Banks also pay close attention to this by letting customers spend only 1 / 3rd of their income on loans. This way, they do not get into trouble and banks have the certainty that the installment will continue to run smoothly. You can count all your income together and deduct fixed expenses such as loans and alimony. You can then spend what remains on loans. Banks will always make this calculation before granting you a loan. If you get the green light then the money will be in your account or go directly to the seller. For example, for a car, the money usually goes directly to the car trade. You can then immediately start using the car.

How do you get a loan without collateral?

For banks, loans are basically nothing but a business. They invest a certain amount and receive a profit called interest in the financial language. However, there is a degree of risk to the business of financial institutions, as the repayment of a loan could fail, so banks in principle do not lend without collateral.

A loan without collateral: what is suitable as collateral?

A loan without collateral: what is suitable as collateral?

The exciting question for any person who wants to have a loan is: So what are the appropriate collateral that you can give when making a loan application to get the loan? In general, a distinction is made between assets and assets that can be used as collateral. Assets include salaries, savings accounts, pension funds and other investments.

Real assets are real estate, land, household appliances or vehicles. However, certain assets may not be used as collateral because they may be seized in an emergency. This applies to all devices that are necessary for survival. For example, a stove or a bed can not be seized. But what do you do if you can not teach any of these things and therefore actually need a loan without collateral?

A loan without collateral: the two common variants

A loan without collateral: the two common variants

If you want a loan without collateral, you have to deal with a variety of problems. Because he has no collateral, he most likely has a negative credit bureau entry, this also means his general credit standing is in great doubt.

In such situations, there are really only two ways to get a loan: Either you bring in a guarantor. He signs the loan application with one and insures the bank in this way so that they will definitely get their money. Or you turn to a private person and try to replace the lack of collateral by trust.

Occasionally, banks on the Internet do not check whether collateral exists and rely on the information provided by the borrowers on the applications. This would be a third variant, but there are two things to note: Firstly, one should not make false statements and second, these financial institutions usually take substantially higher interest rates on their loans. The rule is that interest charges increase as less collateral is required.

Freelancer taxes – so you can massively save on taxes | Loan for the self-employed

What you can do today to reduce it to the maximum!

Freelancers taxes and how you can minimize them with your income tax. I worked as a freelancer for over 20 years. In this post I want to give you my experiences what you can do to save as a freelancer taxes.

Freelance work brings freedoms as well as duties. The freelancer must also once a year to throw his income tax calculator and submit his tax return.

Of course, it is advisable to know how you can effectively save taxes. A simple and good tax return calculator helps you to master this very bureaucratic task in a simple way.

If it tries for the first time to calculate your income tax, then that can be quite frustrating if you do not know how and where you should start with it. But do not worry. It’s not as difficult as you might think.

Also helpful is a simple income tax table which facilitates the freelance tax return. So you can see at a glance how the progressive tax rate behaves and where you can classify yourself with your annual income.

Before you think about taking out a loan from home to pay back a possible tax bill, you should think about whether you can reduce your tax debt yourself.

Tax freelancer

Tax freelancer

The tax declaration for the self-employed can already be a very elaborate work. That’s why it’s always wise to work as efficiently and easily as possible.

It may also be completely new for you to pay taxes in your independence. But in the long run you will have to get used to it. Even though I still prefer to go to the dentist until today and that means something.

Yes, the freelance tax is a very boring job. But also damn important to do this right to reduce your taxes.

And just when you have a self-employment you are usually busy with many other things. And then also the trouble with the tax office. And in the end, you can pay a lot of money to the state for your hard work.

It can not be any more unpleasant. But what do you want to do? A tax evasion does not pay off. And what needs to be done has to be done. Being able to work freelance sometimes is not fun when it comes to such things. If you can afford it, then it is also advisable to hire a tax consultant who will gladly accept this very annoying work for a fee.

If you also want to save money here or prefer it for personal reasons by your self-employment also your freelancers to take taxes into their own hands. Then I hope that I can help you with this information.

You have decided to become a freelancer and some tasks can not be excluded. No motions and no grumbling help.

The taxes of freelancers and how you can reduce them. I have been working as a freelancer for over 20 years. In this post I want to give you my experiences what you can do to save as a freelancer taxes.

So what about taxes as freelancers? Let’s get started. At first it’s nice to get an overview. And with an income tax calculator.

This always helps to work up the tax return for the self-employed. One thing in advance. Please make sure that you have already registered as a freelancer before. So, yes … You have to register with the tax office as a freelancer so that you will be evaluated as such financial technically.

Thus you fall into the category of income tax for the self-employed to freelance. Anyway. If you are still in the dark about whether you are actually freelancing on the road, you should also be sure that you are also doing freelance work.

Paying taxes independently may also have its pitfalls and traps. Because if you have very little to do with this topic you can pay too much tax at the end of the year. Deshlab I always suggest to think about it, rather to consult a tax consultant with whom you should strive for a long-term cooperation.

The tax consultant can be very helpful and make the calculation of income tax right from the start. He can also help you to show some gaps. E.g. how you should make your calculation as a freelancer.

First let’s start with the basics. Generally, the tax system is a progressive tax system. This means that each year a certain percentage of a certain amount is taxed.

So, first think about whether you want to do yourself all this work or if it is not easier and cheaper to hire a tax accountant freelancer which can most likely help you to minimize your taxes,

Freelancers minimize taxes

Freelancers minimize taxes

First let’s start with the basics. Generally, the tax system is a progressive tax system. This means that each year a certain percentage of a certain amount is to be given as tax.

So it should be clear that for example 20% of 10000 € are more than 10% of 10000 € and again 10% of 10000 €. That’s the principle of a so-called progressive tax system.

Taxes for freelancers are basically the same as all other types of income. In Austria there are 7 types of income according to the income tax law. In Germany, the system is issued very equal, although of course there are different tax regulations for tax-exempt and deduction amounts.

But the fact is that you as a freelancer in Germany Austria or Switzerland, of course, want to make sure that you want to keep your taxes as low as possible. Who wants to pay many taxes? Each of us wants to minimize his tax debt.

It is very easy with the taxes as a freelancer. What counts and what is used to calculate taxes is your income.

The higher your income, the more taxes you will have to pay at the end of the year. So if you know the basics of taxation as a freelancer then you realize that it is important to keep your income at the end of the year as low as possible.

Now, of course, the question arises how can you do that? How can you reduce your taxes, how can you save taxes and pay as little tax as possible?

If you make a simple revenue-spending bill, then at the end of the year, you’ll realize what you need to keep your revenue as low as possible. Namely juicy expenses. That may sound very silly now. But business expenses are the biggest antagonist to your income.

A simple revenue spending bill can show you clearly how you can save taxes. Especially if you are a freelancer you will not have complicated accounting. But you will be able to save as a freelancer tax if you can determine with a simple revenue-spending bill at the end of the year how high your income actually is.

So what will become clear to us at the beginning of this journey if we want to save taxes. You must try to keep your expenses as high as possible or try all the expenses you have spent on your freelance work in your expenses.

In turn, you should invest in sales and profits in your company to get at the end of the year, no tax sent.

This means that it is important that you can account for all operating expenses for your business activities and also identify. Of course you need for the expenditure also corresponding invoices or documents and if necessary you should also be able to prove a payment transaction!

It’s important to understand that as a freelancer, you can normally hand in taxes with your income tax return at the end of the year.

As a freelancer, you have no corporation and therefore you are not a legal entity. This means that all the income you have earned at the end of the financial year will be used to calculate taxes.

The taxes as a freelancer as such are therefore correspondingly simple.

If you need a loan to cover your taxes as well, you will find a loan from private companies in the following list which can lend you money even under difficult circumstances.