|Kwota pożyczki||Roczna ocena||Długość||Promo|
|100-5000 zl||0% - 489.7% - lub więcej||1 - 30 dni||0% pierwszy kredyt na 1600 zł za darmo!||NASTĘPNIE|
|50 - 3000 zl||25,89% - 60 dni - Max 1500 zł 222.31% - do 12 miesięcy - do 3000 zł||0 - 12 miesięcy||0% odsetek - max 60 dni i 1500zł - koszt 10 zł||NASTĘPNIE|
|100 - 3000 zl||0% - 800.65 % - Albo więcej||7 - 30 dni||0% odsetek - max 30 dni i 1500zł - koszt 0,01 zł||NASTĘPNIE|
|300 - 3000 zl||1972% - 4849%||7 - 30 dni||super szybkie zatwierdzenie||NASTĘPNIE|
|100 - 4000 zl||0% - 1953.3% (więcej przedniego mniej niż 30 dni)||1 - 30 dni||można pożyczyć do 1000 $ po raz pierwszy||NASTĘPNIE|
|100 - 3600 zl||0% - 1953.3% (więcej przedniego mniej niż 30 dni)||5 - 30 dni||kwota pierwszej pożyczki jest dla maksymalnie 1500 zł - 0% odsetek||NASTĘPNIE|
|300 - 10000 zl||250% - 487%||3 - 24 raty||Szybkie wypłaty - oferta indywidualna - łatwy proces aplikacji||NASTĘPNIE|
|100 - 1800 zl||1972% lub więcej||7 - 30 dni||szybka pożyczka||NASTĘPNIE|
|1000 - 10000 zl||107.1% roczna stopa procentowa||3 - 24 miesięcy||oprocentowanie stałe||NASTĘPNIE|
|100 - 10000 zl||Pierwsze 2000zł pożyczki na 61 dni za darmo!||61 Dni - 24 Miesięcy||super szybkie zatwierdzenie||NASTĘPNIE|
WELCOME TO iFASTCREDIT.com!
We understand that there are a variety of reasons that people take secured or personal (unsecured) loans.
Our aim is to offer customers a comprehensive, quick and easy search when it comes to compare cheap loans from multiple providers.
Here you can review the APR, total amount payable, monthly payments and more, all integrated in a simple table. We understand how difficult can be to compare the pros and cons of different lenders so we are happy to do all the legwork for you and compare personals loans in an intuitive and fast way.
Why compare loans with us?
- Fast and Easy search and comparison of leading loan vendors.
- We offer articles and tips related to loans so our customers can make informed decisions that do not affect their personal credit.
- We list high reputable vendors that have been in the industry for a long time.
How will My Loan be Repaid if I Die?
As Benjamin Franklin once noted, death and taxes are the only certainties in life. Although death is an inevitable fact of life, we can exert some control over how our financial situation will affect our loved ones once we are gone. Many people worry that once they die, their loans and debts will automatically become the legal responsibility of their surviving relatives. To prevent this, they often buy life insurance to take care of any debts they leave behind plus any final expenses.
The reality of whether your family members will be on the hook for your loans and debts or not is a bit more complicated though.
Do your loans and debts die with you?
That depends on a number of factors including the type of loan, if the loan was cosigned for, and where you live. In general, once you die, your debts usually become the responsibility of your estate (any assets and property you owned at the time of your death). Your executor (the person charged with the responsibility for dealing with your will and assets once you pass on) will use your assets to pay off any debts. This frequently involves writing checks from your bank accounts or selling your assets and using the proceeds to pay down debt.
In general, if your assets are unable to cover all your debts, your spouse and family members are off the hook while your creditors are out of luck. Your spouses and other people, however, can become personally responsible for your debts if:
They had co-signed for the loan.
Are spouses in community property states such as California, Arizona, New Mexico, Louisiana, Nevada, Wisconsin, Washington, Idaho, and Texas (community laws apply in Alaska only if the couple opts in). If you live in these states, half of any community property from your marriage could go to paying off your debts.
Are joint account holders.
Student loans are one of the most common types of loans. If you die before paying off your federal student loan, then there is no need to worry since these types of loans are discharged the moment the borrower dies. In effect, the loan will not be passed on to your spouse or relatives.
It's important to note that collection agencies might still decide to call your family to discuss your debts and maybe try to find somebody or an organization that might be authorized to pay them.
If you took out your student loan from a private lender or your loan has a cosigner, things can get tricky. Some private lenders do a death discharge while others might go after your private estate. If your student loan has a cosigner, they become responsible for it when you die. If your cosigner dies before you, that will trigger default status where the entire loan balance becomes due immediately even if you have never defaulted on payments before.
Mortgages and home-equity loans
When it comes to mortgages and home-equity loans, the lender has some form of protection up to the value of the mortgaged property since they can sell off the property and recover the debt. Federal law, however, prevents the lender from forcing the joint owner to pay off the mortgage immediately after you die. The same case applies to any relatives who inherit the home of the deceased and live in it. In practice, this allows the co-owner or relative to take over mortgage payments without losing the property.
If you have a mortgage or home equity loan, it's a good idea to buy life insurance to ensure your loved ones have the means to pay off the loan when you are gone.
Credit card debts are not secured by any assets which effectively means that your credit card company cannot recover the debt once you die and your assets are unable to cover the debt. People who are simply authorized users of your cards (usually your spouse) do not become legally responsible for your credit card debts once you die. But if they are joint account holders, the do become responsible for your credit card debts.
If you live in a community property state listed above, your spouse will become responsible for all your debts, including credit card debts, that were incurred during your marriage.
Auto title loans
Auto title loans are short-term loans that apply in states where they are legal. These types of loans require you to hand over the car as collateral for the loan. In case you die, the lender has the right to repossess the car. In many cases, however, whoever inherits the car simply continues making payments and the lender takes no further action.
What's protected and what's not?
In the event of death, your creditors are not allowed to go after your life insurance proceeds or your retirement accounts since these go to the named beneficiaries and are not involved in the probate process. If, however, your named beneficiaries are no longer living, your benefits might be added to your other estate and become subject to creditors.
Taking out life insurance to help with debt payments
Taking out a life insurance policy can be of immense help to cover your debts in the event of death. To consider whether a life insurance policy is a good idea for you, ask yourself:
Do you have any family members who might become legally responsible for your debts once you die?
Do you have large debts that are likely to eat up your existing debts and might be passed on to your family members once you die?
If you have answered yes to any of these questions, then taking out a life insurance policy to protect your loved ones once you are gone is a good idea. Consult a financial advisor to help you pick the best policy for your needs.
Do I have Adequate Cash Flow to Repay the Loan?
Whenever you want to take out any type of loan, the most important thing is to ask yourself whether you will be able to pay off the loan plus any interest and charges from your existing cash flow when the loan becomes due. The biggest reason why people default on their loans is because they do not practice sound cash flow management. Such people simply earn an incomeand pay their bills, and that's it.
Studies have shown that the delinquency rates on large loans such as real estate loans is usually higher than for personal and consumer (unsecured) loans. The loan default rate for real estate loans across all banks in the U.S. currently stands at 3.03% vs. 1.9% for consumer loans. Default rates on consumer loans spiked and hit a 20-year high of 4.85% in 2009 due to the global economic meltdown and have since fallen quite dramatically. The current default rate for consumer loans is actually the lowest recorded in 30 years.
Payday loans, however, are a different matter altogether. It's quite ironic that although payday loans usually involve small amounts of less than $500 and are mostly repaid when people are most flush with cash, the default rate is typically much higher than for other loan types. The Center for Responsible Lending did a study in North Dakota that analyzed 1,050 payday borrowers. North Dakota allows for payday loans to be rolled over. Within 6 months, 33% of borrowers had defaulted on their repayments, and the default rate rose to 46% two years down the line.
The high default risk for payday loans is largely the reason why payday lenders charge much higher APRs than other lenders.
Sound Cash Flow Management
To avoid defaulting on your loan, you need to practice sound cash flow management. Real cash flow management is an active process that involves accounting for all the sources of your money and understanding when the money flows in, where it's going and the time it's flowing out, and the appropriate choices you can make to improve your situation on a monthly basis.
Sound cash flow management has five main components:
Components of income
Your fixed expenses
Your variable and discretionary expenses
Components of Income
Components of income are all the sources of your income including:
Earned income-- this includes salary, hourly income, bonuses, tips, and commissions.Your earned income usually does not vary a lot from one month to the other, though you can increase it by working longer hours, taking on second job, or taking on additional clients in some instances.
Income from self-employment
Various government benefits e.g. disability allowance, unemployment allowance, welfare, VA benefits etc.
Retirement plan distributions( IRA, 401K, withdrawals)
Fixed expenses, also known as structural expenses, are recurring monthly foundational costs over which you have little control. These include:
Child support /Alimony contributions
Variable and Discretionary Expenses
Variable and discretionary expenses are expenses where you can exert more control and cut back on your spending. For instance, you can choose to shop at a discount store rather than at a higher-priced name brand store or eat a McDonald's instead of eating at a more expensive Chipotle Mexican Grill. Expenses that fall under this category include:
Other discretionary expenses
Many people are uncomfortable with taxes because of their legal implications. If you have ever defaulted on paying your taxes, then you have probably gained first-hand knowledge of the effects of failure to account for your tax liabilities on your cash flow. Tax management is even more critical to your cash flow management. This category includes:
Sales and use tax
Estate and inheritance tax
Savings is the last component of cash flow because some people save on a regular basis whereas others save whenever there's something left over. Savings offers an opportunity for us to secure our wealth. The better choices you make in other expense categories, the more you will have left over for saving.
Calculating Your Net Cash Flow
Once you have determined all your income and expense figures, the next step is to work out your net cash flow. To arrive at this figure:
Add all your monthly income figures
Add your monthly fixed expenses with your monthly variable/discretionary expenses, your taxes and your savings.
Take your income and subtract your total expenses
This is your net cash flow
Your net cash flow can be either positive or negative. A net cash flow means that you have something left out at the end of the month that you can use to invest, pay down debt or build an emergency fund. The monthly loan installment of the loan you intend to take out should not exceed your net cash flow. In fact it's advisable to work with a margin of safety. If all your net cash flow goes to paying off your new loan, then you could very well find yourself in the red zone in case of any emergencies.
If your net cash flow is negative, it's time to right your ship. Avoid taking out any other loans. Cut back on your expenses, especially your discretionary spending, pay off debts that are siphoning off large amounts of interest, and look for ways to grow your income.
Is it likely I will qualify for the Loan?
Any time you approach a lender for a mortgage, personal loan, or payday loan they will try to determine your eligibility by checking a variety of factors. Personal loans usually involve small unsecured fixed-rate installment loans of $3,000-$50,000 and are generally easier to obtain than mortgages while payday loans are the easiest to qualify for.
Ability to Repay
Once you make your loan application the lender will typically look at your credit score, credit history, and your debt-to-income ratio when trying to determine your ability to repay the loan you have applied for, and also to determine the interest rate to charge you.
Over 90% of lenders use a FICO score to gauge your creditworthiness. FICO is an acronym that stands for Fair Isaac Corporation. FICO scores are calculated based solely on consumer credit reports that are maintained by credit reporting agencies. FICO scores range from 350-800, with 350 being poor and 850 excellent. Most lenders use FICO scores from three main credit bureaus: Experian, Equifax, and TransUnion. Each credit bureau is likely to have a different score, though the three scores are usually quite close. Your FICO score changes over time based on your credit report. You can get your credit report from AnnualCreditReport.com which allows you to see your credit scores from the three credit bureaus at a fee. Every lender has a baseline score that they use to determine whether you qualify for a loan or not. The lender will also check your credit history and how many credit lines you have open, your general credit utilization, and your repayment history.
Mortgage lenders usually peg the amount of loan you can borrow at 28%-44% of your gross annual income. If you have a good credit score, the lender might allow you to borrow more than 44% of your gross income. The maximum amount that you can borrow will vary widely according to the lender.
The next step is for the lender to check your debt-to-income ratio by looking at all your current debts that extend beyond 11 months. These include loans such as car loans, installment loans, credit card payments and so on. In general, lenders prefer a debt-to-income ratio of .35 or less.
Many lenders will consider other factors as well. Some lenders will look at data points such as your education level, the college you attended, your grade-point average, and your job title. The idea here is that some jobs are more stable than others, an important consideration if the economy sours and employers start cutting their workforces. Additionally, the lender can use your job title to gauge your risk tolerance and to learn more about your personal characteristics.
Other factors the lender might consider include how you plan to use the funds while others will even check your social media presence.
Once the lender approves your application, you can request for a prequalification letter. The prequalification letter lets you know exactly how much you can borrow and how much money you will require as downpayment.
Although payday loans should not be used to make casual purchases due to their high APRs, they are useful for certain scenarios such as when you receive an unexpectedly high phone bill and you risk defaulting on the payment or when dealing with emergencies such as your car breaking down. As long as you are confident that you can comfortably repay the loan during the next payday, a payday loan is a viable option in such cases.
Many payday lenders are more flexible and not quite as finicky as banks, and can approve loans for people with poor credit scores. Since most payday loans are for small amounts, usually less than $500, the lender is more concerned about your ability to repay the loan during the next payday than your credit history. Although some payday lenders do check your credit scores, many don't. If you do not want the lender to check your credit history or your credit rating to be affected, look for a lender that specifically says they will not conduct a credit search. This information is usually available on the lender's website.
If you already have a good credit score, then borrowing from a payday lender that checks your rating could actually boost your score if you pay promptly. On the flipside failure to pay on time could damage your score.
The lender will look at your income and your financial activity over the past three months. Some payday lenders may call your employer to confirm your employment and income. You can, however, avoid this by providing the lender with enough information. The lender might ask for your W-2, bank statement, and income tax returns. Many lenders are able to retrieve much of your personal information electronically if you give them permission.
Once the lender approves your loan application, they will disburse the funds into your checking account in as little as one hour while some take one business day.
How Do Personal loans works?
How Do Personal loans works?
A personal loan is a short-term or medium-term (2-7 years) loan that is frequently unsecured (not backed by collateral) and given by financial institutions such as banks and credit unions for purposes such as consolidating your debt, making a purchase, paying off an old bill, home improvement, covering educational expenses, and other personal expenses. Many people resort to using credit cards whenever they are strapped for cash but need to make purchases or pay their bills. In many cases, however, a personal loan can be a better option because it's easy to obtain and charges lower fees. Additionally, many personal loans charge a fixed rate of interest, something that credit cards don't. Credit cards frequently jack up your interest rate considerably once your balance becomes more than 60 days past due.
Types of Personal Loans
There are several types of personal loans available in the market today, each with a unique set of features. These include:
Secured loans--although most personal loans are unsecured, a few require collateral to take out. The asset in this case can be a car, caravan, motorbike, equity in a home and so on. In case you default on your repayments, the asset becomes the lender's property. Secured loans usually carry a lower rate of interest than unsecured loans. They are, however, more restricted because the lender usually requires you to use the entire borrowed funds on that particular asset.
Unsecured loans--unsecured loans do not require collateral to take out. They are also less restrictive than secured loans since the lender allows you to use the funds to do other things such as consolidate debt. Unsecured loans generally charge a higher interest rate than secured loans due to the higher implied risk to lenders.
Payday loans--payday loans are small loans (usually less than $2,000) that are payable during the next pay day. Many payday lenders charge $10 to $30 for every $100 loaned. Payday loans are ideal for emergencies such as car repairs since they are approved fast and are in many cases available in less than 24 hours after approval. Additionally, many payday lenders approve loans to people with less-than-stellar credit scores.
Overdrafts and line of credit loans-- if you are not sure about the amount of money you will need for your project, you can request for an overdraft from your lender. The overdraft will allow you to overdraw a certain amount on your account balance. The lender will only charge interest in case you overdraw your account thus giving you better flexibility.
Factors to Consider when Applying for a Personal Loan
When you decide to take out a personal loan, there are a few things that you need to take into consideration including:
Interest rate--this is the interest charged on the loan. Interest rate is expressed as a percentage and can be fixed or variable. A fixed rate remains constant for the entire loan term whereas a variable rate loan will fluctuate depending on market conditions. When you apply for a personal loan, your lender will most likely use risk-based pricing to determine the rate of interest to charge you. This involves looking at your consumer credit score and your credit history.
Repayment flexibility-- the lender will require you to repay your loan weekly, fortnightly, or monthly usually via automatic direct debit. Variable rate personal loans usually offer higher repayment flexibility than fixed rate loans including allowing you to make additional repayments or paying off your loan early without incurring a penalty.
Loan term-- this is the duration or life of the loan. Longer-term loans usually carry a higher interest rate than short-term loans though you end paying back less overall with a short-term loan.
Fees and charges-- you should always take note of any fees and charges that are associated with a personal loan. These include charges such as monthly service fees, early repayment fees, late repayment penalty fees, and application fees.
A personal loan is an ideal way to finance your personal expenses at a reasonably low cost. However, despite all their benefits, you should avoid the temptation to take out a personal loan just because it's available or cheap. For unsecured loans, the lender can decide to sue you in court in case you default on your repayments. Further, you need to be aware of scammers who lure people into fake loan agreements.