Financing from a gift and renovation

  • Erstellt am 2017-11-29 12:01:05

Kimi190

2017-11-29 14:06:24
  • #1
As I said, I would prefer an amount of 5,000 euros for free use
 

cschiko

2017-11-29 14:19:52
  • #2
So whether it is allowed or forbidden I can't say like that, but to my knowledge the loan is earmarked for purchase and conversion and consequently you shouldn’t buy a PC with it. If you repay it in time, in the end it doesn’t matter, for everything else it depends on how exactly the bank wants it to be documented and that depends on the respective bank. You also don’t have unlimited time to use the money accordingly! I personally would advise you to go to a financial advisor and get advice from him. He can tell you better and more precisely what is allowed and what is not. Of course, any bank can do that too!
 

Kimi190

2017-11-29 16:46:23
  • #3
Thank you! I may get in touch again.

The best would be to have the money now and only start the installments in a year.
 

Hausbauer1

2017-12-04 09:59:11
  • #4
All my warning sirens go off when I read something like this.

What is supposed to be a junk property worth 80,000 euros? That sounds like a bottomless pit to me.



5,000 euros for free use to buy computers and TVs. That is paid for from disposable income. Anyone who starts like this has already laid the foundation for over-indebtedness.



You ensure enough cash in the account by putting aside a little money every month. That is called saving. And temporarily using it elsewhere and balancing it later... you often hear that from people who later file for bankruptcy.



Exactly... so at the latest after a month... or after several... or never...

You should first learn the proper handling of money. It is also incomprehensible to me how anyone with a decent income cannot manage to build up at least some equity. That shows complete lack of discipline. You should postpone the loan for a few months and prove to yourself during that time that you are able to put aside at least a few hundred euros per month. That would be a valuable exercise.



Sure. Then save 100 euros every month for over 50 months, then you will have 5,000 euros for free use.



Exactly. It would be best to have the money now for a new TV and computer and then only start repaying in a year. That is exactly how many people stumble into the consumer credit trap, with that mindset... and eventually they are hopelessly over-indebted.

I apologize for my harsh words, but here they seem more than appropriate to me. And if someone can be saved from over-indebtedness because of this, then it was worth it.
 

HilfeHilfe

2017-12-04 10:22:43
  • #5
0% financing :)))
 

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