MonthMay 2019

Proof of payday loan online

The borrower who applies for a payday loan online must provide supporting documentation to enable the lender to verify that the borrower’s situation is in accordance with the information entered.

Online payday loan: Why must we provide supporting materials?

Online personal loan: Why must we provide supporting materials?

The law requires the lender to verify that the person applying for a payday loan is solvent. These checks protect the borrower against any risk of over-indebtedness. They also protect the lending institution against non-repayment of the borrower.

When applying for a payday loan online, the lending institution also checks the national file of the Fancia bank. This file makes it possible to know if the borrower has experienced payment incidents during previous credits.

Online payday loan:  Identity supporters

Online personal loan:  Identity supporters

The borrower must provide a photocopy front and back of the identity card or passport. This is to ensure that he is the person he claims to be, this to avoid possible identity theft. If there is a co-borrower (in the case of a couple for example), photocopying of the co-signer’s identity card or passport is also necessary. If the borrower is not a French citizen, a residence card or a residence permit can serve as proof of identity.

Online payday loan:  Domestic rationale

Online personal loan:  Domestic rationale

Several documents can be used as proof of address:

  • a copy of a recent landline bill (less than 6 months)
  • a receipt of electricity or gas
  • The mobile phone bill is also accepted if it is a subscription.

This proof allows the lender to verify that the borrower lives in the address he provided when applying for an online loan. In case of accommodation by a third party, a declaration on the honor of the person hosting the borrower and a proof of address will be requested. In addition, a tenant must provide the last 3 rent receipts of less than 3 months. For the owner, it is the title deed and / or the property tax that must be inserted in the file.

Online payday loan: Banking supporting materials

Online personal loan: Banking supporting materials

The borrower must compile his last 3 bank statements. These elements provide the lending institution with a view of the management of its accounts. The bank account statement (RIB) is essential to the lending institution. It allows to set up the automatic deductions linked to the deadlines of the payday loan. The canceled check is not always requested. This is an uncompleted bank check on which the borrower is marked “canceled”. The lender must ensure the lender’s history: if it is not prohibited banking for example. Providing a canceled check proves that he has a means of payment.

Online payday loan: Revenue rationale

Online personal loan: Revenue rationale

Employees will provide their last three payslips, retirees their latest retirement bulletin, the liberal professions and tradesmen craftsmen their latest package sedra. All borrowers must also attach their latest tax notice. If applicable, the pension and / or family benefits slips are also to be attached. If there is a co-borrower, he will also have to send the elements of the latter to the lending institution. When applying for an online loan, these proofs are essential for the lender to measure the creditworthiness of the borrower: they serve to verify that the announced income is real.

Assigned payday loan: The rationale for the utility of the funds

For a car loan: the applicant must provide the purchase order for the new vehicle. In the case of a second-hand vehicle, it will be sufficient to send a photocopy of the unmarked certificate of registration.

For a credit works: the estimate of the craftsman dated and signed.

For other projects: an estimate and / or purchase order mentioning the product or service.

Other supporting matters when requesting an online loan

Other supporting matters when requesting an online loan

Following a request for a payday loan online, the lender may need additional supporting documents. Most often he will ask:

  • A copy of the employment contract (if the borrower has recently changed jobs);
  • A copy of the amortization plan for an on-going consumer credit;
  • A judgment of divorce (to ensure that there is no spouse).

You can also send any proof that seems relevant to your situation.

Credit with payroll seizure

A seizure on pay follows a court decision. Whatever the reason, it does not constitute an obstacle to obtaining credit, except in certain particular situations. A seizure on salary is indeed not recorded on a file at the FinaBank, like a payment incident.

It is thus possible to concretize a project by subscribing a personal loan with seizure on salary, or to leave the rut by a credit redemption with seizure on salary. The borrower’s file must however be solid: how to prepare it?

Causes of a seizure on payday

Causes of a seizure on payday

Multiple situations can lead to a payroll seizure:

  • a delay in the settlement of the tax: in this case, ask for a schedule to spread the debt over time;
  • unpaid rents: if the amount is large, it is better to borrow the money from a relative and repay it gradually, because the amount of the amount due could cause a refusal of credit with seizure on pay from the lender
  • irregular or occasional maintenance payments: this gives rise to a decision by the pay seizure judge, which in no way affects the granting of a loan;
  • the non-payment of the maturities of a credit in progress: the payment incident will be reported to the FinaBank; It will be very difficult to get a new loan, unless you offer a solid guarantee, such as real estate.

Preparation of the credit application file with payroll seizure

Preparation of the credit application file with payroll seizure

Transparency is by far the best attitude to adopt to put all the chances on one’s side:

  • by explaining, with supporting evidence, the reasons for the seizure of pay, the amount and the duration, the file will be studied with a rather positive a priori.
  • The bank profile of the borrower is another asset: an overflow authorized or discharges of samples are ominous. The bank statements provided must therefore be irreproachable.
  • Stable and long-term employment, on permanent employment for some time with the same employer or, failing that, no period of inactivity between two employers are all good points. The pay slips will testify.
  • A co-borrower or real estate are likely to reassure the banking organization, if the file is not solid.

Finance an air conditioning project with the personal loan

The thermal comfort at home is an important element, both for the well-being in your home, to limit your energy bills and for the environment. In addition to improving the thermal qualities of the house (insulation, waterproofing …) you can choose a heating and air conditioning economical and efficient.

Air conditioning

Air conditioning

To cool your interior several degrees, when the outside temperature rises too high, you can install an air conditioner at home. There are different models:

  • the monobloc:
    a mobile device, used for the occasional cooling of a room.

  • the split:
    the device is fixed and divides into two parts. One outside that captures and cools the air and the other inside that pulsates the fresh air. It is a more expensive system but also more complete than the previous one, which makes it possible to cool a larger volume.

  • The multisplit:
    the most complex system, consisting of an outdoor unit and several inside, which can therefore air-conditioning several rooms, as in an office building for example.

Namely : Some models of air conditioning are reversible, that is to say they can produce both fresh air and hot air.

To choose your air conditioner, rely on the price, of course, but not only. His power is an important criterion. It is generally considered that a power of 100W can air-condition a living room and 80W, a room the size of a room. The size of the room, but also its level of insulation and its sunshine are to be taken into account. Do not forget to consider its average consumption, as well as the size of equipment.

Heating

Heating

The thermal comfort in your home passes by the choice of your heating. The possibilities are many and depend on your use, the configuration of your home and its connections, and the fuel you want to use. As always, specify the contours of your project: auxiliary or general heating? Fossil or renewable energy? What is your annual heating budget? What is your budget for the purchase and installation? How much are you to occupy the house? What is its surface, its level of insulation …?

You can choose between:

  • electric heating:
    the convectors are distributed in each room and fed by the electrical network of the house. There are different types of convectors, more or less efficient. The starting price is slightly lower, but its daily use is expensive.

  • fuel heating:
    fuel less and less used, fuel being increasingly expensive and polluting. However, its ability to heat quickly makes it a heating mode suitable for large areas.

  • Wood heating:
    it uses renewable energy, wood and can be declined because of the number of existing appliances (fireplace, closed hearth, insert, various types of stoves, stove, boiler, pellet stove). Use of heating, wood consumption, aesthetics … it all depends on the type of wood heating.

  • The heat pump:
    this system makes it possible to take advantage of a natural and renewable resource (air, water or earth) to recover calories. The heat is then transmitted into the house either as hot air or via convectors. So there are different types of heat pumps, the choice will depend on your budget, the house and your use. Some are also reversible.

Finance your air conditioning and heating

Finance your air conditioning and heating

Of course to install a new heating or air conditioning at your home represents a higher or lower budget depending on the model. Calculate the budget precisely, including the purchase price of the equipment, the cost of installation and connections if necessary, and the labor. Thanks to this information, you will be able to use the credit simulator which will inform you of the terms of the loan by completing your choice of loan amount, repayment period and amount of the monthly payment. By finalizing your loan application works, you will get a first answer in principle.