MatarĂ³ approves a large credit operation of 31.5 million

Image result for mataro spainMataró (Drafting) .- The high level of indebtedness that must be borne by the Mataró City Council has forced the imposition of a 2012-2016 Sanitation Plan whose viability can only be carried out through credit operations , which in the first instance amount to 31.5 million of euros . An entrance of liquidity that the local government has achieved after renegotiating with the financial entities the debt held by the Maresme capital.

The sanitation plan approved yesterday by the municipal plenary – without political controversy included – by 17 votes in favor (CiU, PSC and IC-V), eight abstentions (PP and PxC) and the negative vote of the councilor of the CUP, comes motivated, as explained by the Councilor for Administration, Carolina Soler, for the negative budget settlement of the year 2011, which resulted in a treasury surplus of 11.5 million and the arrogation of 23.9 million of a part of the debt generated by the company municipal planning

The credit operation that yesterday approved the plenary involves a modification of the 2012 budget to assume 18.5 million of the debt of PUMSA that the company could not pay and 5.5 million to pay invoices of the plan of suppliers and of the two municipal companies . Finally, the third credit operation will cover the negative balance of 11.5 million to allow also assume a greater indebtedness, which the law does not allow with the municipal cash in negative.

“Brutal negligence”

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The mayor of Mataró, Joan Mora (CiU) despite showing his satisfaction for having dislodged the finances with a credit interest of 3.5%, did not hesitate to warn that not everything is healthy and regretted that the state of municipal finances prevent for three years “the consistory can not make new investments without the help of external subsidies.” In the same line, the mayor warned that “everything is not finished, pending a credit operation of 7.5 million to clean up the remaining treasury.”

With the agreement of the main opposition municipal group, the PSC, the plenary debate only rose when the PP spokesman, José Manuel López, whose group abstained, demanded responsibilities from the previous executive (PSC-ERC and IC-V) whom he accused of the current financial situation, caused said “by a brutal negligence that has led us to where we are today.” Lopez recalled that his party, like CiU, warned in his day about “the bottomless well that was PUMSA” and that the credit operation will mean “the payment of 50,000 euros a month in interest.”

The PSC, which yesterday did not occur for alluded to the criticism of the PP, through the councilor MontserratLópez – the ex-mayor Joan Antoni Baron did not intervene – announced his favorable vote since the economic plan “will allow the viability of the group PUMSA” to resolve the “Cash problems”. The exconcejal of Finance stressed that the credit operations are “a test of solvency of the municipality” and as for the municipal company, betting on a new orientation that focuses on “doing business and manage their assets.”

Municipal companies or “taifa kingdoms”

While in the plenary, the councilor of the CiU avoided demanding responsibility for the sorry state of municipal finances, as she said “we must not enter into the paternity of responsibility, but to seek solutions”, the mayor, Joan Mora, in a press conference, supported the criticism of the popular council referred to the lack of control and oversight of municipal companies. “It is clear that if they had been controlled beforehand, we would not have gotten here, we can not feel responsible for that,” he said.

In other plenary talks, the representative of Plataforma per Catalunya, Mónica Lora, opened the criticism by accusing when insisting that “the previous government will be remembered as bad administrators”. The spokesman of IC-V, Esteve Martinez, based his change of vote with respect to the first plan of sanitation in which “the plan shows that adjustments can be made without cuts”. Xavier Safont-Tria, of the CUP, regretted that “there was no guarantee of good management” in local finances and that the municipal companies had acted “like kingdoms of taifas, without anyone controlling them”.

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Loans without endorsement or payroll or property

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  • What are loans without endorsement or payroll or property?
  • To whom are credits without payroll or property offered?
  • Requirements to get loans without payroll or endorsement
  • Documents necessary to contract loans without endorsement
  • Calculate the cost of loans without endorsement or payroll
  • Credits without endorsement or properties for clients in ASNEF?
  • Questions and doubts of the financial forum
  • Latest blog posts

What are loans without endorsement or payroll or property?

As the name suggests, loans without endorsement or payroll or property are a type of credit that does not require the presentation of a guarantor or a payroll for approval, that is, allow people who receive an alternative benefit to The payroll get loans without the need to present any good as collateral for payment.

But there is still one more characteristic to mention: these products do not require to provide a property as collateral. In other words, they are not loans that have a mortgage guarantee. In these cases, therefore, the guarantee is personal, which means that the owner of the credit responds with all of his present and future assets.

Currently, there are many companies that grant this type of financing products and most of them operate through the Internet and process requests very quickly . However, it is important to note that, although they do not require the presentation of a payroll, these companies do ask that the client demonstrate that they have sufficient income to satisfy the debt, such as a pension or unemployment benefit.

To whom are credits without payroll or property offered?

Not having a payroll is no longer a problem to obtain financing without having to present a guarantee or a guarantee. To access this type of loans, our alternative income must meet certain characteristics. Among the most common types of alternative income are the following:

  1. Autonomous : people who work on their own and receive income as self-employed that are sufficient, regular and justifiable, can access these loans. They are the group of people who do not receive a payroll as income that will be easier to obtain quick loans without payroll or endorsement, since they usually have incomes that meet the characteristics required by the entities.

  2. Pensioners : if we receive a monthly pension and an amount that exceeds the limit established by the lender, we will get the financing we are looking for, since the pensions are considered eligible income to obtain loans without payroll.

  3. Persons with unemployment benefit : if we receive a benefit that allows us to meet the payment of fees and the rest of our monthly obligations and we will know that we will receive it for a minimum period of time, the entities will validate our income. Although in this specific case, we can only access small loans because our level of indebtedness is limited.

Although the name of these products makes us think that they can only be hired by clients who do not receive a salary and do not have a guarantor or a property, the credits without endorsement or properties are not exclusive for applicants who have this profile.

Requirements to get loans without payroll or endorsement

Image result for requirementsThe entity will ask us to comply with a minimum of requirements that allow the entity to verify that we have a suitable profile so that they can leave us the money and we can refund it without problems. Normally entities will request that we comply with the following requirements:

  • Count on income that is sufficient, justifiable and regular . This means that, although it does not have to be a payroll, we must have a salary that allows us to face the repayment of the credits without problems such as the income of a self-employed person or a pensioner.

  • Being of legal age or over 25 years of age, depending on the entity, the minimum age required to obtain the loan will vary.

  • Reside in Spain and have a valid DNI or NIE to be able to certify it.

  • Not be registered in files of defaulters as ASNEF. If we are, the only way to obtain financing will be through the quick mini-credits with ASNEF and fulfilling two additional conditions on the debt for which we were enrolled.

To know if we comply with the requirements, the entity will analyze the data that we detail in the application form as well as the documentation sent and different databases such as ASNEF.

Documents necessary to contract loans without endorsement

Each lender may need a greater or lesser amount of documentation depending on the information used to analyze the profile of applicants. With these documents you can verify our solvency and verify that all the information entered in the application form is authentic. Let’s see what papers we will have to deliver in the vast majority of cases:

  • Identity document A DNI, a passport or an NIE that will serve to verify that we live in Spain, we are of legal age and that we are the same ones who have filled in the application form to avoid the use of our data without our permission.

  • Proof of income . A document such as payroll, VAT declaration and income tax, pension or unemployment benefit that allows the entity to know that we receive regular and sufficient income.

  • Bank statement . It will serve to verify that the holder of the account is the same person who requests them, the account where to deposit the money and our financial movements to know our capacity of indebtedness.

With these papers the entity will verify that the data of the online form is true and will approve our request without problems. To send them we can do so either in the application form or through an email or online identification applications that include the lenders.

Calculate the cost of loans without endorsement or payroll

One of the most important characteristics that we must take into account when looking for financing is the cost of it. In fact, when looking for different types of credits, the cost is usually one of the main reasons why we opt for one or another offer.

But looking at the TIN and the APR of the product is not always enough , since there are other factors that also influence its final cost. For this reason, from we have created a useful free loan calculator so that we can discover how much we would pay for a particular loan. To use it we only have to indicate the amount of the product, its term and all the expenses indicated in its offer:


Credits without endorsement or properties for clients in ASNEF?

Image result for asnefPeople who have one or more unpaid debts recorded in files of defaulters can also access this type of loans, since there are a few companies that offer loans with ASNEF without payroll or endorsement that can be contracted without having to provide a property as collateral. But to obtain these products it is necessary, in certain occasions, to fulfill several additional requirements:

  • That the debt does not exceed 200 euros , although each entity may limit the maximum debt that they will accept in accordance with their risk policies. Thus, we find entities that accept up to 1,000 euros and others that only accept amounts less than 100 euros.

  • That the non-payment has not occurred with another financial institution , that is, can not come from defaults on loans, credit cards or overdrafts. On the other hand, they will accept defaults to supply companies such as electricity or the Internet.

As we see, we have more options to obtain loans with ASNEF without endorsement if we are registered in this file because of a debt with a telephone company or with any other service or supply company. On the other hand, if the inscribed debt does not meet the aforementioned characteristics, few entities will grant us financing, so the best option may be to settle it in order to leave ASNEF.

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