Credit despite maternity leave

Having a child is still one of the most beautiful things you can have in your life. Because giving life to someone else who is also part of yourself is an unspeakably beautiful feeling.

Unfortunately, however, the beautiful feelings cease abruptly when the costs of such a new earthly citizen are considered. These do not only apply to the clothing and equipment of the children’s room. A stroller, a car seat and many other things are also required. Purchases that can quickly go into the thousands of USD and therefore either require a good financial cushion or a loan.

Most purchases are made especially in the period shortly before birth. On the one hand, because the expectant mother is then on maternity leave, no longer has to work and has enough time for all errands. On the other hand, however, also because you do not want to start too early in order not to further advance the anticipation by constantly watching the children’s items.

What are the options for a loan despite maternity leave?

What are the options for a loan despite maternity leave?

The financial support that needs to be raised is therefore a loan despite maternity leave. Not really easy to get because the mother is no longer going to work, is only receiving parental allowance after maternity leave and is not sure when she can start working again. However, since the banks require collateral when granting a loan, they are not very pleased if a loan is applied for despite maternity protection.

However, this does not mean that despite maternity protection, a loan is not possible at all. It is only necessary to take up the possibilities that exist despite the unfavorable situation. And these are not a few.

This is how a consumer loan works even when the borrower is on maternity leave. With consumer credit, it is only important that you have good credit and income of at least 450 USD per month. This should also be easily achievable during maternity leave, so that a dedicated consumer credit, as many retailers give it for the purchase of goods, should not be a major problem.

The same applies to an installment loan that is not taken out directly from a local bank, but via the Internet. Since regular income is still received during maternity protection and the direct bank does not see the borrower through the application via the Internet, it also does not know that she is on maternity leave and will be leaving work for a certain period of time. Even if this is perhaps not the most solid way, the online loan brings the desired loan despite maternity protection and helps to be able to implement planned investments on time and in full.

Option for a loan despite maternity

Option for a loan despite maternity

Another option for a loan despite maternity protection is if the loan is taken up not by the pregnant woman but by her partner. If another person takes out the loan, it doesn’t matter whether the mother-to-be is already on maternity leave or still in the work phase. Because it plays no role in borrowing and therefore does not have to be able to provide collateral like a fixed income.

Despite these many possibilities, we would like to point out that the loan should only be taken out when it is really needed. Because the financial uncertainty that already exists when the child is born will continue after the birth. If a loan has to be issued that represents an additional burden, this can quickly lead to major difficulties that should be avoided.

Lite Bank – Loan Consolidation

In practice, consolidation or consolidation of loans means repayment of existing obligations by a new loan. The purpose is to get more favorable repayment terms and also a better overview of regular monthly repayments. Companies that offer this product include Lite Bank. Under what conditions does LB provide the consolidation of loans and what are the advantages and disadvantages expected? More exposition at

Lite Bank consolidates its loans under the so-called Optimal Loan, which may be up to USD 2,500,000. It brings the possibility of reducing repayments and interest, optional repayment amount and zero credit management fees, changes in the contract and early repayment.

It is possible to combine loans, non-bank loans, overdrafts and credit card debt.

Consolidation of LB loans – basic parameters:

  • Consolidation amount: USD 30,000 – 2,500,000
  • Need to prove income: yes
  • Checking the debtor register: yes
  • Application fee: free of charge
  • Loan management fee: free of charge
  • Maturity: 12 – 120 months
  • Early repayment: free
  • APR: max 13.68%

Lite Bank provides consolidation to applicants who have reached the age of 18, have a regular income and have two identity documents.

All information relating to a specific loan is available in the loan agreement or in the Major Bank internet banking and Mobile Banking.

Advantages and disadvantages of LB loan consolidation

Advantages and disadvantages of LB loan consolidation

The merger of loans from Lite Bank has many advantages. These include, for example, the option to choose a repayment date according to your own needs, zero fees or minimal administrative requirements for clients.


  • Lite Bank provides consolidation free of charge for arranging and maintaining a loan
  • The optimal loan can be arranged at branches and online from the comfort of home
  • Advantageous insurance of the ability to repay in case of unexpected situations
  • The client can set the repayment date himself
  • There is no need to cancel existing loans, LB will handle the merger
  • Opportunity to get extra money


  • Lite Bank’s consolidation is intended exclusively for non-business loans
  • The condition is a regular income

The optimal loan is only available to clients with regular income, which must be documented together with all consolidated credit agreements during the application.

Thanks to the consolidation of loans from Lite Bank, you can save on interest and improve your overview of regular monthly payments.

Loan Consolidation Lite Bank – loan calculator, example

Loan Consolidation Lite Bank - loan calculator, example

Applicants for the consolidation of loans can calculate in advance how much they will save through consolidation on the company’s website. It is always true that the more loans are transferred to LB, the better the interest rate will be. You only need to enter credit data and the required repayment period in the calculator.

  • Loan Consolidation Lite Bank – calculator

Example: If the amount of consolidation is USD 100,000 and the maturity is 4 years, the interest rate will be 5.9% pa, APR 6.06% and the monthly installment amount will be USD 2,389. In this case, the client pays the total amount of USD 112,353.

Payment protection insurance

Payment protection insurance

For those interested in consolidation, Lite Bank also offers insurance in the event of problems with timely repayment, which is available in four variants.

  • OPTION A: Insurance of death and full disability (client age 18 to 45 years) – 0.025% monthly of the sum insured
  • OPTION B: Insurance of death and full disability (client age 46 to 60 years) – 0.045% monthly of the sum insured
  • OPTION C: Insurance of death, full disability, and incapacity for work – 0.025% of the sum insured + 0.01% of the insured loan
  • OPTION D: Insurance of death, full disability, incapacity for work and loss of employment – 0.025% of the sum insured + 0.02% of the insured loan

In the event of death or full disability, the Bank will pay the entire debt or its insured part. If the client loses his job, repayment starts from the third month.

Consolidation and repayment insurance can be arranged at Lite Bank branches or by calling. Alternatively, the nearest LB branch can be easily found on the company ‘s website.

Credit without co – applicant | When it can be taken out?

Nowadays, loans are offered on a wide variety of terms. Not only that the loan amount, term and type of loan can be very variable. The question of whether a loan should be taken out without a co-applicant or rather with a co-applicant can also be answered individually. This always depends on the requirements that the borrower brings with it and the type of loan that is to be taken out.

Most consumers prefer a co-applicant loan. In contrast to the lending banks. You like to see it again when the loan is secured by a co-applicant so that the risk of default drops to the lowest possible level. Especially when a married borrower requests a loan, it is urged that it be taken up together with the spouse. However, the banks have no chance of enforcing their desire to borrow together. However, you can refuse the loan if you believe that it is not sufficiently secured without the partner.

When can a loan be taken out without a co-applicant?

When can a loan be taken out without a co-applicant?

Many loans can be taken out without a second co-applicant. Small loans of all kinds and consumer loans would be a very good example of this. And even if the applicant’s creditworthiness is particularly good, there is hardly any reason for the banks to only grant the loan with a co-applicant. However, the decision is ultimately always up to the banks. If this does not work in the borrower’s favor, the borrower must see how he can improve it. Because the banks and savings banks will not deviate from their course and will not reconsider their decision.

If spouses should apply for a loan together, the banks and savings banks will refer to this in advance. Each borrower can then decide whether they want it or not. If he decides to do so, both partners sign the loan. If he decides against this, he must look for loan offers that do not include this clause. Since the selection of loans is very large, it should not pose any problems to find loan offers that can be taken up completely independently and without support.

When will it be difficult to take out a loan without a co-applicant?

When will it be difficult to take out a loan without a co-applicant?

It looks a little different if the creditworthiness is not sufficient to take out a loan without a co-applicant. Then you will bite the bullet and have to accept the additional support. Otherwise, without this, there will be no loan agreement.

The same applies to large loan amounts and loans with very long terms. The banks traditionally only award these if there are two applicants, since the risk of default would be too high for one applicant.

By the way: If you want to take out the loan on your own under all circumstances, you have to ensure that other collateral is available. Material collateral such as real estate, valuable jewelry or antiques could be helpful. On top of that, the credit request can be adjusted so that it is accepted even if there is only one applicant. Such as, for example, for small loan amounts or consumer loans that consider the consumer goods acquired as security.

Credit despite excessive overdraft facility

It is not always easy to keep your checking account in the black. Even if the income is high and regular, there are always unpredictable expenses that have to be paid. Be it a larger bill for a repair, an important new purchase or just a wish that has been cherished for a long time and is now finally to be put into practice.

If your own credit is not sufficient for this, you can use the overdraft facility. It is directly linked to the checking account as an on-demand credit and enables spontaneous purchases that go beyond your own budget without the need for a separate loan.

The disadvantages of the overdraft facility

The disadvantages of the overdraft facility

Unfortunately, this spontaneous availability of money also has a major disadvantage. The banks and savings banks let the use of the overdraft facility be paid very princely. The average effective interest rate for this is 11 to 12 percent. And this interest rate must be paid every month on the amount used from the overdraft facility. No wonder that many consumers find it difficult to compensate for the overdraft facility, since all money is “eaten up” by the interest. A credit in spite of excessive overdraft facilities could therefore be a good choice to get out of the overdraft facility and to steer financial matters back in a regulated manner.

What are the options for a loan despite excessive overdraft facilities?

What are the options for a loan despite excessive overdraft facilities?

It is always important to react quickly in order to keep the costs for the overdraft facility and its overdraft as low as possible. It is also important not to let the overdraft accumulate negatively in Credit Bureau, as this would make it very difficult to take out a loan despite overdrafting.

The easiest way to compensate is to take out an installment loan. It is not earmarked and can therefore be easily adapted. In addition, the interest rate is very low and well below the overdraft interest rate.

A consumer loan or other special loans, however, are not worthwhile. They are all earmarked and therefore not suitable for balancing the overdraft facility. In many cases, they also bring with them very firm repayment requirements that can only be adjusted to a limited extent to the situation of the borrower.

Where should the loan be taken despite excessive overdraft?

Where should the loan be taken despite excessive overdraft?

The “where” around taking out a loan despite an overdraft facility can only be clarified when it is known what traces the overdraft has already left. In general, however, the golden rule is that a loan despite excessive overdraft should never be taken out with the bank that provides the overdraft facility. She knows about the concerns and needs of the loan seeker and could take advantage of them. Mostly in the form of a higher effective interest rate, since the bank should not have an increased interest in the expensive overdraft facility being replaced. After all, the bank earns significantly more money from it than from a cheap installment loan.

Otherwise, you have to look at the requirements for taking out a loan despite excessive overdraft facilities. If the overdraft facility has not yet made itself felt in the Credit Bureau and is otherwise free of negative entries, a simple installment loan can be used, which can be applied for by means of a comparison from almost all banks. With a good credit rating, offers can be found that offer an effective interest rate of less than 3 percent. The amount of money that is really needed should always be included. If there are other financial construction sites in addition to the overdraft facility that need to be processed, these should also be included in the loan amount. The goal must always be that in the end there is only one creditor left, whom you can pay off with the help of small, constant monthly installments.

However, if the overdraft facility has already left its mark on the Credit Bureau, taking out a loan can be a little more difficult despite the overdraft facility. In such a case, we recommend adding a second borrower who can provide a simple installment loan with a good credit rating. If this is not possible, the loan from abroad or the personal loan remains. However, since both loan variants are accompanied by quite high interest rates, it can happen that rescheduling, i.e. replacing the overdraft facility with another loan, is not worthwhile. It is therefore necessary to look and calculate exactly what really makes sense in the end.

Credit despite minus | Help for your financial needs


If things don’t go smoothly, then they do it right. Usually everything comes at once and we think that the whole world must have conspired against us. Often it is financial things that throw us off track very quickly. Because for us they are an important pillar in everyday life and give us the strength and security we need. But if the account has fallen into the red and there is a risk of further adversity due to open bills, then good advice is often expensive or so far away that you would prefer to hide. This does nothing. Because problems of all kinds can only be solved if you tackle them.

The worries are particularly great when the account has fallen into the red. Because the use of the expensive dispo hurts just as much as the information from the bank that you should balance the account to avoid termination. But quick compensation is only possible if there is money. If this could not be saved in advance, a loan could be the solution to the problem despite a minus on the account. However, only under certain conditions.

When can a loan help despite a minus?

When can a loan help despite a minus?

If you react in time and don’t let the minus in the account grow into a major problem, you can easily make up for it with a loan despite the minus in the account. Not infrequently even with the help of the bank that manages the account.

Because this is also interested in that the account is always balanced. Even if you can earn good money with a minus in the account. Because the interest charged for this is very high.

We recommend not taking the loan too lightly, despite the minus in the account, but always carrying out a comparison before taking it on. It guarantees good loan offers with low interest rates, which effectively solve the problem and do not lead to further financial bottlenecks. On top of that you have to look at the amount of the loan. Is only the account debited or is further adversity threatened by open invoices?

In the best case scenario, everything is always added up first and a look is made at how large the total debt is. A generous look into the future is also worthwhile. What money is coming in the next few weeks? Which one has to be spent? If you take out the loan in this way despite a minus in the account, you can be sure that you will not have any major financial problems afterwards.

Small installments for a low financial burden

Small installments for a low financial burden

In order not to let the loan become a financial burden afterwards, the rates around the loan should be kept relatively low. Even if this means that the term will be extended and a few more interest will have to be paid. But those who have not been able to get by with their financial resources before the loan will feel even more pressure with the loan. It is important, therefore, that the rates be kept low so that they do not lead to other things not being paid or the account being overdrawn.

By the way: With the help of a comparison calculator, you can see exactly how the interest relates to the loan amount and the selected installment amount. A comparison therefore not only produces the best loan offers. It also helps with planning around the loan and allows you to experiment with the various options that arise from borrowing.

Looking for a loan despite credit bureau

If you want to take out a loan in Germany, you have to make sure in advance that you are creditworthy. The creditworthiness is always given when the borrower is able to repay the loan in full and on the agreed date. Since the banks and savings banks cannot look into the heads of the borrowers, they measure their creditworthiness based on various conditions that must be met for borrowing. This includes a consistently positive Credit Bureau.

Now, however, there are more than 6.6 million adults in our beautiful country who cannot call such a consistently positive Credit Bureau their own. You have one or more negative Credit Bureau entries, all of which indicate that there were payment defaults. In the best case, these have already been removed and the Credit Bureau entry has not yet been deleted due to a period of two years. If they have not yet been eliminated, this means that the person concerned must currently have major financial problems that do not actually entitle them to take out a loan.

In spite of all this, many of those affected are looking for a loan despite Credit Bureau.They hope that the loan will remove the legacy issues and enable them to make targeted investments in a financially secure future. What sounds good at first glance, however, is not so easy to implement. Because the banks are not willing to grant a loan despite Credit Bureau.

The detour

The detour

Anyone who does not want to be satisfied with this and does not want to put the wish for a loan on hold despite Credit Bureau cannot avoid taking a longer detour to the loan despite Credit Bureau. Because the traditionally oriented banks cannot be changed in their opinion and adhere to their guidelines for lending.

However, if you can show a second co-applicant who takes out the loan together with the debtor despite Credit Bureau, you already have a much better position if you go into negotiations with the bank about the loan. If the second borrower is solvent and has a positive Credit Bureau, this is usually enough to be able to apply for the loan without any problems.

However, it is important that the second borrower is aware of his important task. He is fully liable for the loan and has to step in when the actual borrower can no longer service the loan. We therefore recommend that you select the second borrower or guarantor very carefully and tell him from the start what could be expected.

Take out a loan despite Credit Bureau

Take out a loan despite Credit Bureau

Another option for taking out a loan despite Credit Bureau can be found in a foreign loan. In most cases, this comes from the Lite Lender in Liechtenstein and is offered as a small loan of up to $ 5,000. The advantage lies in the fact that the loan can be taken out with a good income even without a second borrower. In addition, you do not have to travel to Liechtenstein for this, but can apply directly on the bank’s website. The Credit Bureau is not queried.

On the other hand, the loan is always limited to a maximum of 5,000 USD, requires a fixed income and a permanent residence in Germany and therefore comes with a higher interest rate than is the case with most installment loans from Germany. However, if you urgently need a loan, you will certainly be happy to take this hurdle.

Can Bank Credit be transferred?

Recently, it is very common for many people to borrow long-term in order to make purchases such as housing and cars. If the purchased house or vehicle needs to be sold and there is a mortgage application on the back of the loan debt, this raises the question of whether a bank loan can be transferred. Under these circumstances, banks look cold to the transfer of credit debt. But there may be different solutions to this problem. You can do this in a variety of ways, even if you don’t have the option to transfer your debt directly to another person.

Bank Credit Transfer

Bank Credit Transfer


Banks do not approve of decisions such as transferring credit directly to someone else. However, you may be able to use a debt settlement loan through a bank other than the one where you used the loan. In this case, you can close the existing mortgage or auto loan debts and cancel the current mortgage and make the sale.

Accordingly, you also have the opportunity to pay the debt of the loan you have obtained with the sale and the debt closing loan. Another meaning of the loan that you withdraw from another bank is the transfer of debts from bank to bank. The biggest factor that will affect banks’ approval of loan closure loan will be your credit score. The disadvantageous aspect of debt transfer will be an increase in debt with a rate of 20-25% as it increases the interest rate.

Other Transactions That Can Be Applied In Debt Transfer Transactions

Other Transactions That Can Be Applied In Debt Transfer Transactions

The person who will take over the loan must apply for a consumer loan with the same bank. He should make this application by stating that he wants to undertake your debt.

The person who will take over the debt may have the opportunity to close the debt by using credit with higher expenses and interests. However, as can be seen, this is not a complete transfer transaction and only allows the person to take over the loan at higher costs. Of course, in this transaction, research will be carried out regarding the credit score and income level of the person who will take over the debt.

Cancellation of Bank Credit

Cancellation of Bank Credit

If you have used a loan from a bank, you have the chance to cancel this loan as it is covered by the Consumer Laws. Under the law, this cancellation must be made within 14 days. Therefore, if you want a loan withdrawn, you have to make a cancellation request before the 14-day period expires.

If you give up the loan within 14 days using this right, then you may be reimbursed for the loan file costs paid. However, if you have lost the right to process this cancellation application, then you will not be able to reimburse your loan-based interest or file expenses.

If the Bank Credit Is Not Paid

If you are not able to cancel your loan through transactions such as loan transfer from banks or cancellation processes, then you are responsible for paying the debt within the specified installments. Banks are entitled to legal sanctions if these loans are not paid on time. First, if you delay your credit debt, your credit score will decrease. Then, foreclosure cases can be realized with the legal follow-up process.