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Self-employed people do not get a loan from banks easily anyway, but if they do, they pay relatively high interest rates for it. There are three ways to improve terms: Prospects should conduct a rigorous comparison of providers, offer collateral, and ideally provide a guarantor. These options can also be combined.

Basic requirements for a loan for self-employed persons

Some basic requirements must be met so that the bank is at all willing to approve the loan:

• The prospective customer should have been operating their business for some time – ideally as long as possible. But two to three years are a minimum requirement for many banks. Founders to whom this does not apply are best advised to apply for a development loan, for which special conditions apply.
• The development of the last years must have led provably to a sufficient profit.
• There must be no negative Schufa entry.
• All documents required by the bank must be absolutely complete and correct.

Once these conditions are met, it is necessary to look for the best conditions. Let us now check the above possibilities.

From 34,400 to 53,600 Swiss francs for a house: Costs of home ownership in Switzerland rise significantly

From 34,400 to 53,600 Swiss francs for a house: Costs of home ownership in Switzerland rise significantly

Homeownership has increased in price another notch in 2022. Rising mortgage rates have caused the cost of a home to shoot up massively.

31.One house, two localities: When the border divides the building One house, two localities – When the border divides the building The law in the canton of Bern prohibits new buildings on borders.by Daniel Schurter Charging cables also consume electricity when no device is connected.From 11 minutes ago Source: BILANZ The snakeskin-look boots are the first thing that catches the eye, the clack-clack of her heels the first thing that can be heard by Andrea Rytz.

Real estate market / real estate news: People react particularly sensitively when you get too close to them. This also applies to real estate. Often there are bitter disputes in court because a property owner's neighbor has allegedly moved too close with his boundary planting or because the "demarcation line" is too small was violated in any other way.

Trouble at the property line

For its extra edition, LBS's Law and Taxes info service has collected nine rulings by German courts that address these issues. Sometimes it is the wall, sometimes the fence and sometimes the garbage container on the property line that causes trouble.

However, enclosures are not only there to protect those living behind them, but sometimes also to protect outsiders from damage. For example, if a dog is on the property. The Higher Regional Court of Stuttgart (file number 1 U 38/10) had to decide whether the sign "Hier wache ich! Enter at your own risk!" with the image of a dog is sufficient to make it clear to the visitor that he should under no circumstances open the garden door and enter the property. In this case, the doorbell could not be reached any other way. The judges were of the opinion that in the case of particularly aggressive dogs the above warning is not sufficient. Here for example the bite of the animal would have to be particularly stressed.

Credit card debt consolidation advice has become the most accessible option in today's indebted lifestyle. You need help to consolidate your debts caused by sudden unexpected expenses. For example, you need payday loans to pay your medical bills, cell phone bills, renovation costs and school fees for children. It's easy to get these short-term loans, but an inability to pay them back can put you under a lot of financial pressure. This is where the need to consolidate finances arises. To get such a relief, you always need a good consultation. This is where the role of a counseling agency becomes especially important. The agency provides debt consolidation and management counseling to effectively reduce your debts. A good advice from a good agency always helps in managing and controlling your funds.

How it helps?

A credit card counseling agency offers professional help in managing and reducing your credit. The consultant performs an objective assessment of your debt status and accordingly creates a systematic plan to settle your debts in a short period of time. Counseling is important, even more so for those who cannot manage their debts. Counseling agencies or advisors negotiate with your creditors on your behalf. They are experts, so you know how to get the best interest rate on your debt. You will also get a waiver of fees and other charges. More importantly, they will help you settle all outstanding loans and suggest ways to stay debt free.

Reports of mortgage discrimination in the banking system have recently made headlines after it was revealed in December 2016 that Wells Fargo would pay $35 million to settle legal claims arising from racial allegations. In January of this year, the U.S. Department of Housing and Urban Development (HUD) filed charges against Bank of America and two of its employees, alleging that the bank unjustly discriminated against Hispanic homebuyers in South Carolina. (For more, see CFPB Targets Discriminatory Lending Practices. )

Now another major financial institution is in the news about discrimination claims. In mid-January, JP Morgan Chase& declared itself Co. Willing to pay $55 million to the U.S. Department of Justice following allegations that the bank discriminated against minority borrowers by imposing higher mortgage rates on third-party mortgage brokers. African Americans were penalized the most, with these buyers spending an average of more than $1,000 on a loan. For those targeting homeownership, the message is clear: buyer beware.

Mortgage discrimination defined

Mortgage discrimination can take several forms, but generally refers to practices or policies that can penalize homebuyers based on race, religion, gender, ethnicity, or other protected characteristics. .. This type of discrimination is prohibited under federal law by the Equal Credit Opportunity Act (ECOA) and the Fair Housing Act (FHA).

Schufa inquiries by German banks are essential not only for ordinary loans, but also especially for construction financing. If the Schufa is "normal", there will be no problems with the financing. However, the situation is different if the Schufa is negative. While this doesn't mean financing becomes impossible, it can lead to higher requirements from the bank. So how does the Schufa affect the construction financing?

• A negative Schufa does not necessarily mean the rejection of a construction loan.
• The Schufa scoring for construction financing differs from the conventional Schufa scoring.
• A worse Schufa score usually means an interest rate surcharge.
• An increase in the equity ratio required by the bank can be made possible by an employer loan.

Where does a negative Schufa come from?

For many consumers, Schufa represents a data-collecting mystery that should be avoided wherever possible. However, it does not go. As soon as a consumer enters into a contract with ongoing payments, whether for a cell phone or a loan, a Schufa inquiry and a Schufa report are made.

If payment defaults occur during the term of the contract, they are reported to Schufa and worsen the customer's score. Based on personal data, the scoring indicates the probability of repaying a loan, for example. Unlike banks, Schufa scoring does not factor in socioeconomic data, such as where you live in a structurally weak region.

Having two mortgages is not as rare as you think. People who accumulate enough equity in their homes can choose to take out a second mortgage. You could use the money to pay off a debt, send a child to university, start a business or make a big purchase.

Let's look at an example: You took out an equity line of credit ten or more years ago and during the draw period – the time when you "draw" your line of credit You could – You paid a manageable amount: $275 per month on a $100,000 line of credit.

Under the terms of this loan, after ten years, the draw period became the repayment period – the next 15 years during which you must pay off the loan like a mortgage. But you probably didn't expect that $275 payment to turn into a $700 payment, which could even increase if prime rates rise.

Civil law is a broad field and essentially circumscribes the regulations contained in the German Civil Code (BGB). Civil law can most simply be described as regulating claims of citizens against each other – unlike criminal law, where claims of the state are asserted against citizens for compliance with (criminal) laws. This includes u.a.:

Contract law

This is the most general part of civil law, as it regulates the rights when concluding contracts, etc. regulates. Its provisions are also found in other areas of law such as z.B. the tenancy law, the labor law etc. again.

Pyrotechnics. Leuchtspuren. Firecrackers. A part of the fan scene has clearly overstepped the mark – here is a commentary on this.

Photo: Dirk Unschuld

FC president Werner Spinner had leaned out of the window far, very far. "The DFB's maxim is to punish. And if something happens again: higher penalties," Spinner told the "Suddeutsche Zeitung": "That means the spiral goes on and on. That is not a solution to the problem."

Las Vegas is awash in organized crime lore after a second set of human remains emerged within a week from the depths of a drought-stricken Colorado River reservoir, just a 30-minute drive from the notoriously mob-founded Strip.

"There's no telling what we're going to find in Lake Mead," former Las Vegas Mayor Oscar Goodman said Monday. "It's not a bad place to dump a body."

Goodman represented mob figures as a lawyer, including the hapless Anthony "Tony the Ant" Spilotro, before serving three terms as a martini-wearing mayor who made public appearances with a showgirl on each arm.