20 Year Credit Purchase

Sometimes the credits reach a significant amount, to the point of stifling the finances of a household. With home loans and other ongoing repayments the family budget may experience a severe deficit. Faced with these problems, the 20-year credit buy-out promises to be an effective long-term solution.


What does a 20-year credit buyback include?


A 20-year consumer credit buyback includes all outstanding debts. This combination of liabilities includes different types of receivables. There is real estate credit for those who are still paying their house. Then, the offer also includes consumption credits.

These loans granted by the bank, for various expenses, without request for justification, are cumulative. The set of multiple consumption credits can become important. Then, the duration of their reimbursement does not exceed 7 years. However, when they are grouped, their payment spans two decades.


The conditions for a consolidation of credits 240 months

consolidation of credits

All profiles are practically eligible for a 20-year credit redemption. The offer is aimed at owners, employees and retirees with adequate financial resources. In general, the maximum amount of a monthly payment follows the quota rule.

The debts of a natural person should not exceed one third of his income. With regard to the different credits, the mortgage loan should normally remain below 60% of the repurchase of credit.

To take advantage of this financial offer The 20-year credit buy-back is a financial boon for families with a high debt ratio. This offer has the particularity of being able to include up to 59% of mortgage loan in the course of repayment. This is an alternative to classic offers whose maximum duration is 7 years. The APR rate is between 1.60% and 1.80%.

The amount of the contract easily exceeds 150,000 euros. The monthly payment for this sum is about 780 euros with credit insurance amounting to 45 euros.

SMS loan immediately on account and on postal order

SMS loans to the bank account immediately provide money quickly and reliably. The applicant can have the necessary amount in just a few minutes after the application has been approved. But what are the tricks of these loans and what to watch out for?

These loans fall into the category of loans up to CZK 10,000. To get a quick SMS loan, you must complete the registration form and wait for approval or disapproval. As a rule, the client chooses how much he or she wants to borrow on the website of a given company, for how long and immediately sees the expected amount of the installment.

“Frequently Asked Questions” and APR

In the Frequently Asked Questions section, the customer usually knows whether a given company is looking into the debtors register, whether a paper receipt is required or if a guarantor is required. Another important indicator that the candidate should follow for each loan is the APR. It means – simply put – how much a year a person pays extra on the amount he borrowed. SMS loans “immediately” usually have a significantly higher APR than other loans.

On the other hand, it is not a problem to borrow even a lower amount – for example, a few hundred crowns – and the excess is not so high in absolute amounts. The maturity of these products is 30 days. This is undoubtedly an advantage because the client does not have to pay too long and only borrows what he really needs.

Loan via SMS – money to bank account

Loan via SMS - money to bank account

Money is usually sent to the client’s bank account after sending an SMS message. Bank transfer is cheap and does not require too much administration from the creditor company.

SMS loans without registry check

SMS loans without registry check

Some companies operating in this area are tolerant of possible negative entries in debtors’ registers. There is also a chance for applicants to have a chance to get funds, who had a “foul” in paying their liabilities and looking for a “loan without registers”.

SMS loans for postal order

Some non-bank companies realize that not all clients are willing to send money to a bank account. They therefore offer the possibility of sending a loan for a postal order. The disadvantage over “loan on account” is the longer delay between the approval of applications and the receipt of money. Money for a postal order usually goes to the applicant for 2-3 working days.

Getting money is simple, but beware of the risks

Getting money

Get a loan via SMS is quick and easy. However, it should be noted that it is not entirely risk-free. Before submitting an online application, the candidate should think carefully about whether he really needs the money and if there is no other way to get the money (for example, ask a family member). He should also count on the fact that he will have to pay a part of his next paycheck in installments, leaving him with less money for next month.

Health Insurance


The majority of the population is provided by the State health insurance. Only a few people have a private health insurance . It offers better services than the GKV. Cash patients can, however, extend their insurance coverage by supplementary health insurance.


Private health insurance

Private health insurance

Students, civil servants and self-employed people can take private health insurance regardless of their income. Employees can choose between statutory and private insurance if they have an income above the mandatory insurance limit (€ 57,600 gross per year). The PKV provides high-quality services and is cheaper for many customers.


Statutory health insurance

Statutory health insurance

The statutory health insurance companies offer a largely uniform insurance protection. Special services at the doctor and in the hospital are not part of the legal standard care. Also applies a uniform general sentence for the calculation of the insured contributions. Nevertheless, there are sometimes significant differences in terms of benefits and costs.


health insurance

health insurance

With additional health insurance insured persons can significantly expand the benefits of their health insurance. Among other things, they provide comprehensive insurance coverage for doctors, dentists, non-medical practitioners, hospitals and nursing staff. They offer many options that are otherwise reserved for private patients


Tailored health insurance

Tailored health insurance

Self-employed persons, civil servants, students and employees can opt for private health insurance and use individually tailored tariffs. Employees must have an annual gross income of at least € 57,600 in 2017 in order to be allowed to switch to private health insurance. Self-employed, students and civil servants can insure themselves privately independently of income. The private health insurance offers many benefits compared to the statutory health insurance. Often it is even possible to save on the contributions.


Super Saver

In the case of private health insurance, the premiums to be paid depend, among other things, on the exact scope of benefits. Generally, the more extensive it is, the more you have to spend on insurance premiums. Therefore, before you look for a private insurance rate, it makes sense to think carefully about which services are particularly important to you.


Tips for changing the statutory health insurance

Tips for changing the statutory health insurance

Statutory health insurance companies that keep their promises benefit in the long term from a high number of satisfied members. First-class service and additional services round off the offer of trustworthy health insurances. The change to exactly such a statutory health insurance is very easy. A written notice with a period of two months to the end of the month is sufficient. Only if you have already changed your statutory health insurance in the last 18 months, a proper termination is not readily possible. As soon as you have changed, you will not feel any difference at your next visit to the doctor’s office, including a new health card.

The more members have statutory health insurance, the lower the risk that the company will make an additional contribution. With enough paying insured the enterprise is financially secured and can offer you particularly attractive achievements. However, from 2015, there will be a new income-related additional contribution. These can then raise the health insurance companies independently. Experts believe that almost all funds will access such an additional contribution. The only question is how high this will be.

If you want to switch to the statutory health insurance, it is like all rates: If you pay too much or receive only poor benefits, you should use a better deal. How about health insurance that offers you free anti-stress programs or back exercises? 


Complete your insurance cover

Complete your insurance cover

Whether you are in the private or statutory health insurance: Often there are benefits that you want to take advantage of, but their costs are not reimbursed by your health insurance. In addition, if other health insurance companies do not reimburse the appropriate treatment, a supplementary health insurance can help you. Depending on the tariff you will be reimbursed, for example, for the costs of dentures, for non-medical practitioner treatments or for inpatient special services such as the chief physician treatment or a daily sickness allowance or hospital daily allowance. Since the tariffs are very different in price and performance, a detailed consultation by an expert is recommended.