Peer-to-peer credit, what is it?

How can a loan be funded through the peer-to-peer platform? At least P2P points. 50 likes – 4 talk about it. The bank is itself: grant loans and collect up to 30% interest. Whether leasing or a small loan, if the conditions are right, a loan is worthwhile from a tax perspective. for a critique

While sleeping

While sleeping

One of these is P2P loans, a simple alternative form, but also a risky form of investment. What are P2P points? If this is now combined with “loans”, the result is an allocation of money from individual to individual. That is, in this case you can finally use the house bank and grant other private loans and participate in the interest of your customers.

The platform on which the lender (you) and the borrower meet is different. However, a loan is not granted by a single lender here, but each contributes only a small part. For example, if a borrower needs 1,000 dollars, they usually don’t get it from one lender, but from many others.

In our example, each lender contributes 10 so that the loan is divided among 100 different lenders. P2P loans have little interaction with the stock market. This means that if the exchanges plunge into the basement, your P2P loans won’t be affected as well. The second reason for investing in P2P is of course the return on investment.

Which platforms are there?

Which platforms are there?

There are well-known platforms Fine Credit and Agree Bank in Germany, but the experiences of other blogs are not very pleasant. In the Baltic States there are platforms Across Lender, Lite lender, Binary Lender, Best Lender and many more. I am currently involved in Across Lender and Lite lender. First you need an account on one of the platforms listed above.

Almost all platforms now have an auto investment, meaning you define your desired criteria once and your capital is automatically invested. When opening an account with Lite lender, you will receive 5 transferred to your account immediately after registration and can start without any risk.

If you want to register with Across Lender, you will receive 1% of the paid amount via my link. Save 1% on Across Lender now. Want to know more about P2P loans? The volume by Kolja Barhoorn and Lars Wrobbel, the ultimate leader in P2P loans. If you want to know everything about P2P points, you cannot avoid this work.


Loans without UC – Your guide through the alternatives

You’ve probably heard of the concept of borrowing without UC. What UC stands for in this context, however, is not everyone is aware of. Many people think it is synonymous with credit reporting, but that is not the case. Regardless of whether you apply for a loan with or without UC, the lender will request a credit report on you. However, when you apply for a loan without UC, the lender instead requests credit information from other credit reporting companies – companies such as Cream Credits and Fine Bank

There are benefits to applying for a fast loan without UC, but there are also some differences between whether it is done with Cream Credits or Fine Bank Here we go over what these are so that you can make an informed decision when applying for a loan.


Why apply for a loan without UC?

apply loans

UC stands for Upplysningscentralen and is the largest credit information company in Sweden. The company is largely owned by the Swedish major banks, which is why they turn to UC just when they are going to process an application. All information is recorded in UC’s register for up to 1 year and can be viewed by other lenders whenever a new information is requested.

To clarify:

  1. You apply for a loan from a fast loan company and a credit report via UC is made on you.
  2. Some time later, you apply for a loan from another loan company that also uses UC. This company can then see that the first lender has made a credit report on you, which “reveals” that you previously applied for a fast loan.

The more credit requests made, the more reluctant lenders may be to grant you a new loan. Using UC can therefore reduce your chances of getting a loan in the future, but also affect your housing situation when landlords also request credit information. A history of quick loans can discourage them from renting out to you despite the payments being made.


Different valuation models


On behalf of the lender, the information company collects information about you from actors such as enforcement authority. The company then analyzes this information to find connections and patterns that can be used to determine your credit rating, which is the same as your future ability to pay.

To obtain a credit rating, the companies use different valuation models, or scoring models. In these models, all factors that are considered to be significant are scored, such as age, income, marital status and payment notes.


Which option is best?

loan option is best?

On the whole, all credit reporting agencies work the same. They analyze information about you that may affect your ability to pay and then give the lender a rating that represents your credit rating. However, one important difference is that Fine Bank does not base its rating on how many applications you have made. In their system, only the credit information for the lender or bank that has ordered it is visible, which means that the number of loans will not reduce your credit rating.

Cream Credits acts as UC and registers all inquiries, but since most companies use UC, it can still be advantageous to take out loans with Cream Credits The credit requests that are registered there will not affect your UC rating in the event that, for example, a landlord would request a credit report from you via UC.


The quick way to your loan offer

Would you like to know as quickly as possible the conditions under which you can get an instant loan ? Then it is best to ask Good lender loan immediately for a cheap loan. Because here it often takes just 24 hours to get a concrete loan offer. You can send your request free of charge at any time of the day or night.

The fastest way to get a loan

The fastest way to get a loan

The experts immediately search for the optimal financing for you and present you with a corresponding proposal. In the offer you will find all the important data about your credit in a very clear form.

If you take a look at how much there is in Good lender loan free offer, you may sometimes be a little surprised at the speed at which it is created.

The best loan offer from up to 20 banks

The best loan offer from up to 20 banks

Good lender loan actually asks up to 20 different banks and other lenders for cheap financing for you. And in many cases, you will still have your individual offer in your hands the day after your request. This is only possible because with Good lender loan everything is geared towards the fastest and most effective processing possible. The experts take care of cheap instant loans every day and are in constant contact with very different banking partners. That is why they always know where the best conditions can be found. And they know where, for example, prospects with a difficult Credit bureau or self-employed are currently particularly easy to get a loan.

Good lender loan makes his extensive knowledge available to you at no extra cost. You benefit from attractive conditions with very low interest rates and save money every month. You will also quickly find out how much you can get a loan. Because you don’t have to make an appointment first, you can submit your request online at any time. And then you will immediately receive an assessment of your credit opportunities and your individual offer.


So you don’t pay a cent for your loan offer

Why pay for some money that you can get completely free of charge? While elsewhere you will first be asked to checkout for loan offers, Good lender loan always works for you at no extra cost. This means: You don’t pay a cent for your offer, which the loan experts create for you individually.

Your loan offer doesn’t cost a dime

Your loan offer doesn

You secure the chance for really cheap loans and at the same time remain completely free in your decision: You are not obliged to use the proposed loan. Rather, only call it up if you are really convinced of the conditions. And if you decide against the loan for whatever reason, there are no fees either.

What costs nothing, some may think, cannot be really good, can it? With its free loan offers, Good lender loan impressively demonstrates the opposite: each individual offer is put together individually for each loan seeker.

There is a lot of work in their loan offering

There is a lot of work in their loan offering

So the experts look at your financial situation and carefully examine which solution is the best for you. And even though Good lender loan is pushing your pace a lot in the search for an instant loan, the experts are by no means satisfied with the first best solution. If necessary, ask 5, 10 or even up to 20 different lenders for a loan for you. After all, you should be sure that Good lender loan always offers you the best possible loan.

Get an online offer for top credit

Get an online offer for top credit

Since you don’t have to pay a cent in advance and make no commitments, you can now send your credit request completely risk-free. Just find out how cheap an instant loan can be for you and which conditions credit coupons can negotiate for you. By the way, a bad Credit bureau is explicitly not a problem: Even if other banks have already rejected your loan request, Good lender loan can often offer you an attractive loan despite Credit bureau. Alternatively, loans without Credit bureau are also available. Here you can go directly to the online loan request.

Swedes continue to save – mortgage loans are increasing

Ever since the IT crash at the turn of the millennium, the saving of the Swedes has moved in an upward curve. This shows statistics from Statistics Sweden about Sweden’s saving and borrowing. Savings consist mainly of investments in funds and shares, but ordinary savings in bank accounts are also popular. The third quarter of 2018 was the quarter that the Swedes saved most since 2000.

When it comes to Swedes’ lending habits, the statistics show different pictures depending on the type of loan. The number of student loans and unsecured loans has not seen any significant increase or decrease over the past 10 years. By contrast, loans from banks and housing institutions have increased significantly. Of these loans, mortgages go out of the game despite two rounds of rules regarding repayment requirements. Worth noting is that housing prices have also risen, which may explain the Swedes’ increased borrowing needs.


Increased repo rate

Increased repo rate

The question is whether the trend of increased savings and more mortgage loans will continue in the coming years. A major influencing factor is the repo rate, which the Riksbank raised in January from -0.50% to -0.25%. The interest rate has been negative since 2015, but the forecast is that it will continue to increase in small stages in the coming years. This may in turn raise interest rates on mortgages and partly reduce the number of new mortgages, but also cause the Swedes to receive less money for savings.


Fixed or variable mortgage rates?

mortgage loan

Since mortgages involve large amounts of money, a small increase in interest rates can lead to large differences in monthly costs, which can be difficult to manage financially. One way to find the most advantageous loan is to compare different mortgages. By having a lower interest rate on the loan, you have a more stable basis if the interest rate goes up.

However, you can choose to have a fixed mortgage rate. The advantage of this is that during the binding period you can be absolutely sure what your monthly cost will be, regardless of any repo rate increases. If you have a variable interest rate, the cost may be higher, but the advantage is that the cost can also be lower in case of any interest rate cuts.

It is constantly speculated as to whether the repo rate will go up or down. None of us can for sure predict what will happen in the future and it simply has to be as informed as possible about the various alternatives. What we can note, however, is that Swedes continue to save to a large extent, while at the same time taking more and more mortgage loans.


Loans without a permanent job? – Smaller players create loan opportunities for freelancers

The gig economy continues to expand in Sweden and challenges what we have learned about what an employment should look like. An increasing number of Swedes choose to take temporary assignments, or “gig”, instead of having a permanent job. According to a survey by GoldStep, just over every other Swedish wants a more flexible form of employment and among the 18-29 year olds, 61% can think of gigging.

With the freedom to be able to control yourself also comes some problems, not least when it comes to applying for loans. Not all players have succeeded in adapting to the change and many of the traditional banks still have permanent employment as a requirement. Today, however, there are many smaller and more flexible lenders in the market who place less emphasis on employment.


The right giggle in the right place

freelancer loan

As a result of the gig economy, loyalty and long-term competence become less important and focus is instead placed on flexibility and excellence. An employer can hire a lender for an assignment that requires some competence – maybe it is important that the economist in a certain project understands the automotive industry? It is therefore about the right person in the right place.

According to GoldStep’s survey, 42 percent of Swedes believe that half of the population, within a ten-year period, will have other forms of employment than permanent employment. Although the movement towards a more flexible labor market has been going on for some time, it is still more difficult for those without permanent employment to get a loan granted – in some cases, even impossible.


The banks favor permanent employees

employee loan

Nearly half of Swedes believe that traditional banks are more favorably disposed to borrowers who are permanently employed than those with other forms of employment. It includes not only freelancers, but also project employees and temporary workers. According to GoldStep’s report, 8 out of 10 Swedes believe that the banks should place greater emphasis on the applicant’s overall financial opportunities.

It is no wonder that banks prefer that borrowers have worked in one place for a long time. This probably means that the person is permanently employed and cannot be terminated anyway. In this way, the borrower’s income is secured and the risk is less that the loan cannot be repaid. With self-employed, however, the income is more uncertain and can vary by month.

Obviously, even smaller lenders want to take as little risk as possible when lending money. However, due to high competition in the market, these players have been forced to adapt based on customers’ conditions. Therefore, they often have a more flexible approach to employment and are better at making an overall assessment of the borrower’s financial situation.


Increase the chances of loans without permanent employment

money loan

Although there is no requirement for permanent employment, there is always some form of income requirement. The amount required varies between different lenders, but is at least USD100,000 per year. If your annual income exceeds the requirement and you meet the other conditions that the lender has, you should have no problem getting a loan granted even though you are a giggler.

However, it should be said that without a permanent employment, a good credit rating becomes even more important if possible to get a loan, and at a low interest rate. The ones that can reduce creditworthiness are current liabilities, current credits and payment remarks.

Another way to increase the chances of a loan without permanent employment is to compare different lenders, as the conditions may vary widely. However, applying for a whole range of lenders can be counterproductive as many credit information in the registry lowers your credit rating. One possibility then is to apply to a loan broker who collects offers for you.

Warning for scam SMS on loan application – How to avoid being cheated

Bluff sms about re-activating Spotify account, paying import VAT to Postnord or verifying their bank account at Nordea…
These are just a few of the fraud attempts that have occurred where fake text messages were sent to thousands of Swedes with well-known companies as senders. The fake sms are a form of phishing and unfortunately it is a common fraud method today.


What is phishing with fake sms?

What is phishing with fake sms?

Phishing through fake sms is a criminal activity that involves deceiving confidential information such as passwords, usernames and debit card details. The information in sms: is usually of an urgent nature and usually the recipient is asked to act in some way. For example, by clicking on a link, making a payment or calling a number.

The purpose of an urgent message is that you should be stressed and act impulsively. Therefore, if you receive a scam text, it is important that you chase all the impulses and not click on anything until you have verified the authenticity of the message.


Example of bluff text message

Example of bluff text message

One company that has been severely affected by SMS fraud is Postnord. In the fake sms, recipients have been asked to click on a link to pay import VAT or postage for a delivery, whereupon the recipient is locked into a fake but credible website.

An extra set time for this type of scam SMS is around Christmas. Then there are extra people waiting for deliveries, which increases the likelihood that the SMS scammers will send in people who fall for the fake sms.


Astro Finance did not send sms

Astro Finance did not send sms

This week, another wave of bluff-sms reached Sweden’s mobile phones, with us at Astro Finance as the sender. “ We have now approved your application and are handling your case. Payment is usually made within 2-4 business days. If you have any questions, you can call us, ”it says in the text message, followed by a telephone number that has no connection whatsoever to our website.

The messages have caused concern for those who have received the SMS and have not applied for a loan. Many, of course, are afraid that their identity has been stolen and that a fraudster has managed to take out loans in their name. If you have been affected, you should not call the number in the text message but firstly you should contact our email if you have any questions and we will answer as soon as we can.

We at Astro Finance want to emphasize that we do not save any phone numbers and have not sent any sms. No loan application has been made through us. If you are concerned about identity theft, we urge you to make a police report.


Our advice – So you avoid being fooled

Our advice - So you avoid being fooled

  • If you receive a text message, regardless of who the sender claims to be, be skeptical and question the content.
  • Do not act impulsively but think for an extra time and do not do what the sender asks you to.
  • Google is your friend – search the sender and the text, most likely others have found the same thing.
  • Act immediately if you accidentally leave sensitive information – block bank card / change password / report to the police.

How to get your instant loan

The fastest way to get your instant loan is often to apply for a loan online. Online processing is much quicker than with many branch banks. You can also save money in many cases with your instant credit online. Here you can enjoy particularly low interest rates.

 This instant loan offers many advantages

This instant loan offers many advantages

If you ask for an instant loan at Good lender loan, you will benefit in several ways: First, you will basically receive your personal loan offer free of charge. Second, the experts compare the loan terms of up to 20 different banks in order to really find the optimal loan for you. And thirdly, you can check your offer at home in peace. You can accept it if you are convinced – but you can also simply delete it. In the event of a rejection, you also incur no costs. This guarantees you credit vouchers.

Get instant credit online

Get instant credit online

So that you can receive your instant credit particularly quickly, Good lender loan provides a form for your quick online inquiry on its website. It takes just two minutes to fill out the loan application and send it over the Internet. Of course, unlike your house bank or one of the other local banks, you do not need to pay attention to opening hours here. You do not have to make an appointment and do not accept any other restrictions. You simply send your credit request at any time, transmit your credit request in this way and then let Good lender loan work for you. Because for the sometimes very extensive research of the credit experts, you don’t have to pay a cent in advance.

Although Good lender loan often involves a dozen or more banks in finding the best instant loan for you, you don’t have to wait long for your offer. It often takes just 24 hours between your inquiry and the specific loan proposal in your mailbox. Your advantage: You know very quickly whether and to what extent a loan is possible for you. Ask here now for an instant loan and see for yourself how favorable the conditions for this loan can be.


With the right financing credit, your renovation will be child’s play

Sometimes a bucket of fresh paint on the wall is enough to make you feel comfortable in your apartment again. If a few beauty measures are not enough, but a more extensive renovation is pending, it quickly costs a lot of money.

Financing for your renovation

Financing for your renovation

If you just do not have in the account the required amount or do not want to touch your savings, you do not give up the implementation of your plans anyway: Get easy at Across lender financing that suits your project. With Across lender you can get cheap small loans from 2,000 USD and also loans without Credit bureau.

Determine funding needs

Determine funding needs

To determine your financial needs, it is best to first create a rough cost calculation.

  • Take a look at what work is going on in the apartment and what materials you need from the hardware store.
  • Also check whether there are certain tasks that a professional should take care of.
  • Sanitary and electrical work, for example, is usually a thing for experienced craftsmen. Get the appropriate cost estimates and add the sums mentioned to your own costs.

The bottom line is the total amount that you have to plan for the comprehensive renovation of your apartment. Now maybe you open a little buffer so that you are protected from unpleasant surprises – and you can submit your request for financing with Across lender.

Funding request with no upfront costs

Funding request with no upfront costs

Enter the previously calculated amount in the online form for the instant loan, add your personal details and send the application. Important: You are guaranteed not to take any risks because you will always receive your personal loan offer with Across lender without any upfront costs. You do not have to pay a cent fee even if you are rejected. And of course you are not obliged to accept a proposed loan. You can get the money, but you don’t have to. So if your apartment could use a renovation or you need financing for another reason, please submit your free request here.


Not entirely satisfied with the credit rating? – 5 steps for better creditworthiness at UC

The credit rating can be described as a measure of the borrower’s ability to pay and is used, among other things, by credit institutions and banks when assessing loan applications. Someone with a good credit rating can easily be granted a loan at a low interest rate, while the person with less good grades may need to have a co-applicant in order not to be denied. A weaker rating also means a higher interest rate.

The most common is that lenders use the credit information company UC to obtain the applicant’s credit rating. There the grading system reads – the lower the number the better, and can be anything between 0.1 and 100.0. You can easily and easily see your rating in the CredLets app. Do not despair if you are not completely satisfied with what the app shows. There are steps you can take!


Five ways to improve your credit rating

credit rating

The first step when it comes to improving his credit rating at UC is to find out what the starting position is. You can do this easily by downloading the CredLets app for iOS or Android and logging in with BankID. The app is free and developed in collaboration with UC. It does not affect the rating to check its credit rating in the app and the rating is displayed in real time.

The grade scale at UC is:

  • Excellent (0.1)
  • Very good (0.2 – 0.9)
  • Good (1.0 – 4.0)
  • Less good (4.1 – 25.0)
  • Weak (25.1 – 100.0)

1. Pay all bills on time

bills payment

Payment remarks and debts at Kronofogden are a major reason for a poor credit rating at UC. According to statistics from CredLets, 82 percent of everyone with the credit rating “weak” (25.1 – 100.0) has at least one payment note. It can be compared to those who have the top grade “excellent” (0.1) where only 1 percent have a mark.

Exactly how much impact it has on your rating depends on the number of payment notes, the amount involved and how new or old the notes are. Of course, if you have already received notes, it is difficult to trace them, but it may be good to know that older notes have less impact and keep track of when the old ones disappear.

In addition, it is of course important that from now on all payments and commitments be handled in order not to receive any further remarks. So this step is not something that will change your credit rating overnight, but over time you can see the number in the app fall.


2. Collect several smaller loans for a private loan

2. Collect several smaller loans for a private loan

Another thing that weighs in when the grade is obtained is how many loans you have with the credit institutions. Therefore, if you know that you are on many smaller loans, it might be good to add them to a larger private loan. You do this by applying for a larger loan that covers all smaller loans and then using the new loan to redeem all the old ones.

Not only does it have a positive impact on your credit rating, a pooling of the loans also makes it easier not to miss any payments. Instead of having to pay several invoices each month, you only have to keep track of one. In addition, it can be considerably cheaper with a private loan instead of several smaller loans with high interest rates.


3. Get rid of credits you don’t use

3. Get rid of credits you don

Just as many smaller loans affect the credit rating, it is also affected if you have many credit cards. Quit any credit cards you do not use and save one that you can use if needed. It is also important to continually pay down your credit card debt so as not to impair your credit score. Fully utilized credit is a big factor to a poor rating.


4. Reduce the number of credit requests

4. Reduce the number of credit requests

Many credit requests at UC degrade your credit rating. Among those who have the grade “less good”, the average number of requests is 3.1. It can be compared with those in the group “excellent” where the corresponding figure is 0.5 pieces per person. Many new inquiries in a short period of time can mean that you are applying for multiple loans, which is a risk factor for the lender.

You should therefore avoid making it a habit to buy on an invoice or subscribe to different subscriptions. Namely, each operator will make a credit report to determine your ability to pay. These are then left for 12 months, so if you already have many inquiries, you should wait to apply for loans until they disappear and your grade improves.


5. Steady income and living situation

5. Steady income and living situation

The credit rating is thus a measure of your ability to pay, both today and in the future. It is therefore very good for the grade that you have a steady income. It simply makes it easier for you to repay the loan. The grade also takes into account how much your income is and the development of it. So it’s not just about what it looks like today.

In addition to income, a stable life situation can play a role in creditworthiness. Therefore, trying to stay longer at the same address is preferred. It is not always easy to control neither income nor housing situation, but if you want to improve your credit rating you should try to create as stable a life as possible for yourself.