Mortgage

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Privatkredit Schweiz – There are many offers for private loans in Switzerland.

These loans are only granted to private individuals and what is really important, with these loans the Schufa is not queried.

Personal loan in Switzerland

For many years, these loans were considered dubious. Because unserious credit brokers horrendous fees demanded and nonsensical insurance imposed. Today it is different, you can take out a Swiss loan with complete peace of mind

What is a financial crash?

A financial crash is a sudden and severe crisis in the financial system of a country or region. Such crises could lead to a massive loss of securities and assets and plunge the entire economy into a deep recession. There have been many such crises in the past, some of which have been very devastating. Some of the most famous financial crashes were the Great Stock Market Crash of 1929, the Asian Financial Crisis of 1997, and the Subprime Mortgage Crash of 2008.

Possible causes of a financial crash

Many people fear a financial crash. But what are the causes of such a crash? Most observers see two main causes: The rise in interest rates and the trade war between the U.S. and China.

The increase in interest rates could trigger a financial crash because many companies are in debt. If interest rates rise, they will have to spend more money on their debts. This could put them in financial trouble and cause them to seek bankruptcy or cease operations. Some observers believe that the increase in interest rates has already had an impact and that it is no wonder that the stock market has performed so poorly.

Despite all the fear, pain and uncertainty they bring, recessions are a natural part of the economic cycle. In the following we will explain what they are, what causes them, how they hurt – and how they help.

What is a recession?

Let's start with recessions. Broadly, a recession is defined as two or more consecutive quarters of negative economic growth, most often measured by real gross domestic product (GDP). The National Bureau of Economic Research (NBER) criteria are more nuanced and include employment levels, real incomes, retail sales and industrial production.

Recessions can occur for a variety of reasons, including exogenous shocks such as wars or sudden declines in the supply of key goods. They often arise due to the cyclical nature of the economy, but without input from the outside. For example, when the economy is growing, businesses have an incentive to produce more and increase profits. This trend can lead to oversupply, which can hurt profits and lead to layoffs, falling stock prices and a recession. Alternatively, competition among firms over labor can drive up household incomes, causing firms to raise prices and cause inflation. If the inflation rate gets out of control, households will begin to cut back on spending, resulting in oversupply. In each case, the expansion of the economy contains the seeds of the next recession.

Depending on the respective canton, different regulations apply in Switzerland for self-employed persons with regard to taxes. Every year, you will be requested to submit a tax return by the competent cantonal tax administration. Depending on the canton, different deadlines and tax rates apply. If you are self-employed, you must observe additional regulations.

Who is required to file a tax return in Switzerland?

In principle, everyone who has reached the age of 18. If you are over the age of 18 and have your main residence in Switzerland, you must submit a tax return. It does not matter whether he receives income or not. On the basis of the tax return, the cantonal tax administration decides whether you have to pay income tax and how much it will be. The tax return must always be prepared for the previous year. Complete your 18 years of age in 2022. If you are over 30 years old, you must file a tax return for the first time in 2023. Read more about who has to file a tax return?"

Self-employed persons are requested to file a tax return

At the beginning of each year, you will be asked by the competent cantonal tax administration to file a tax return. The request sets a deadline by which you must submit your tax return. Different deadlines apply depending on the canton. In most cantons, the tax return must be submitted by 31 December of the following year. March or 30. April must be submitted. You always submit the tax return for the previous year.

Manufactured homes account for 6% of all occupied homes, but a much smaller percentage of home loans, according to a Consumer Financial Protection Bureau (CFPB) report. Many people still refer to this type of housing as a mobile home, a term that refers to structures built before HUD code standards were established in 1976.

But whatever you call them, Living in manufactured homes tends to be "financially vulnerable," as the CFPB puts it – older people or low-income families who tend to be offered less favorable terms and conditions for any kind of loan.

According to the CFPB, about 32% of households in a manufactured home are headed by a retiree. Their median income is half that of other families, and they have about a quarter of the median net worth of other households. Also, manufactured homes are not always eligible for a traditional mortgage on any terms because the future homeowner does not own the land on which they are located.

Sensible insurances for seniors – The most important insurances for the retirement age

Most people deal with the topic of insurance after the conclusion of a contract as good as no more. At most, the annual debit from the bank account reminds the policyholder that he or she has household, liability or other insurance coverage. As long as you maintain your status as an employee, there is little reason to change your insurance coverage. At most, the comparison and possible change to cheaper providers can be carried out regularly.

The change from employment to retirement means a big change in almost all areas of life. When it comes to insurance, it may be worthwhile for you to review the contracts you have taken out to see if they are worthwhile for you. Not all insurance policies that are important for working people make sense in retirement.

Savings potential – time to clean up

If retirement is not far off, you should gather your records of all the insurance policies you have taken out and check each insurance company for added value with regard to the upcoming retirement. Due to cancellation periods or minimum terms, early action can reflect positively on your account.
Occupational disability or daily sickness allowance insurances are no longer necessary after retirement. As an employee certainly a good investment, you can now do without it altogether. The continuation of a life insurance is likewise to be reconsidered, a disbursement and renewed investment can offer a substantially higher increase in value.

You want to start your own business, but you have hardly any equity capital? Here's how it works anyway!

Setting up your own business without money – is that possible at all??

As a prospective self-employed person you are of course aware that WITH money everything is a bit easier than without. But even if you don't have the big financial means, you don't have to bury your dream of self-employment.

Whether starting a business without capital is feasible and makes sense depends largely on your business idea. Logically, you need money for personnel and purchases such as computers, machines, equipment or company cars. So it's absolutely unrealistic to launch a giant business without capital.

Opponents of the Berlin rent cap consider the planned rent cap to be socialist devilry that only an investor-hostile government could come up with. But rent regulation is by no means a special case in Berlin. Rents are rising so sharply everywhere in the world's major cities that many people can no longer afford their homes. More and more city governments are realizing that rents cannot be left to the free market and are resorting to state rent caps. Thinking outside the box.

But even in Germany, there were state rent controls until the 1980s: From the "black circle" to the rent cap

Through the debate about the rent cap, the Swiss city of Geneva is haunted as a bogeyman. The daily newspaper "Die Welt" reported on the "most comprehensive rent cap in a free Western market economy", which has led to the decay of buildings: "On many houses in the Rhône city, the masonry is crumbling, the colors of several shutters have faded to a light gray."There are also complaints that tenants with old leases are no longer moving.

Many people don't realize that they have the credit protection that would be enough to start even a small business: their own car. The reason why many are not yet aware of this: banks do not recognize a vehicle as collateral. The problem is as old as credit itself: If you have standard bank collateral, you basically don't need a loan. Those who need a loan often do not have the usual bank collateral. Escaping this vicious cycle is not easy. But there is a remedy.

Those who cannot get a loan from the bank because their credit rating is not sufficient for it, in most cases turn to their private environment. And that's where the next vicious circle opens up: People who have friends or family members so wealthy that they could help them out with a personal loan usually have enough money themselves or bank-standard credit ratings. Unfortunately, it turns out in most cases that the financial possibilities in the circle of acquaintances or in the family are more or less the same as your own. Therefore, no help can usually be expected from this side either.

An alternative that has developed recently are credit portals. On them, loan seekers register their needs, and many small lenders collectively provide the desired amount – if all goes well. The problem with this is that lending platforms also usually carry out a credit check, and this is roughly similar to that of banks. Even if you make it through the credit check, the loan is not yet in the bag. The lenders evaluate the credit request often very subjectively. In other words: The loan request must "please" them, so that they support it. This often turns the loan application into a game of chance.