Does the tax office charge you half a percent interest per month? Do you need a credit for tax debts, because with the treasury is not “eating good cherries”? Are you an employee or do you work on an independent basis?
Below you will find authentic information on financing options to offset the tax debt. To wait too long for the goodwill of the tax authorities is not advisable.
Otherwise, there will be additional costs and negative credit quality added to the lending rate. The longer the taxpayer waits, the worse the credit opportunities.
Credit for tax debts – no pardon for taxpayers
It is undeniable that nobody takes credit for tax debts because he is so looking forward to finally making his “contribution to the common good”. The majority of taxpayers are even annoyed about how and for what the money is spent. To refuse in principle does not help. In the vast majority of cases, state power ultimately enforces its demands.
Every taxable citizen can be affected. Salaried employees as well as self-employed and freelancers. Just no time for the tax return, lack of knowledge or lack of money to pay the tax does not apply. The instrumentation to force defaulting taxpayers to action is gigantic. After expiry of a prescribed period, the instruments will start up.
The late filing of the tax declaration can result in a tax assessment. It is estimated that in all probability, a tax debt arises. Late payments are subject to interest at 0.5% per month. In addition, usually fines. It is relatively irrelevant to the tax office as to whether a debtor can currently afford his tax payment or not.
Credit tip – operate damage control
To mitigate damage usually serves the credit for tax debts. The sooner the application is made, the greater the real financing prospects, and the lower the amount of credit required.
If the tax office secures, it will be really difficult to take advantage of offers to finance the backward tax burden.
Loan offers – Employees with tax liabilities
Tax debts can arise equally among employees and the self-employed. The risk for employees is only more moderate because the employer deducts the income tax directly from the gross income and remits it to the tax office. Banned is the danger to become a defaulting tax debtor, but still not.
It is much easier for employees subject to social insurance to easily accept appropriate credit for tax debts. Facilitators expect creditors, since the legally required credit check for employees is much easier to exist than for self-employed, solo entrepreneurs or freelancers.
The best approach to easy credit search is provided by loan comparisons. Consumer credit for employees is offered in large numbers. The interest level is even well below the level of the tax office settled. For very small loan amounts, if luck comes along, the annual percentage rate is even below one percent. With good credit ratings, around four percent would have to be paid throughout.
Credit for the tax – self-employed
In the credit comparison with a credit for tax debts can find also self-employed and solo entrepreneur. However, it is somewhat more difficult to obtain the conclusive, recognized credit assessment. In this case, the resulting debt in income tax even have a positive effect on the loan opportunities. A tax debt on income tax arises from profits.
Even if the profit itself is already spent again, nevertheless the money was earned. Securing a profit on a regular basis lays the foundation for repaying a loan. Some credit institutions, such as barclaycard, use recent recent tax assessments for credit checks. The loan approval comes when the profit appears sufficiently safe and high.
He must bear all the usual household costs and also enable the borrower to pay the installment on time. Under these conditions, the interest rate, for loans for tax debts self-employed and freelancers, is at a comparable level to the employee credit. It would be more difficult to obtain the loan approval if the trade only runs for a short time or if little profit is made.
Credit for the tax arrears – problem for difficult cases
Especially at the income level of solo self-employed people can unfortunately be seldom talk about adequate profit. The income is just enough to cover the urgent costs and livelihoods. Solo workers often “toiled” around the clock. The tax office is not interested in whether the hourly wage is only € 2 or corresponds to a manager’s salary.
It only counts how high the arithmetical tax debt is. If you have 10,000 euros to pay tax, they can be earned in just a few days, as well as throughout the year. The tax debt is the same if there is no one-off transaction. Against this background, a sufficient creditworthiness, according to the legal requirements for bank credit to prove, is extremely difficult.
Problem solving the bank loan:
A viable option would be to prove personal creditworthiness by lending additional credit. It would be possible to pledge a valuable security of security, for example, a paid property. Another simpler alternative would be the loan for the tax debt with solvent guarantor. In this case, the credit institution assesses the mutual creditworthiness of both borrowers together.
Credit for tax debts – take private credit offers
An alternative to loans from banks is creating credit portals through the serious mediation of money from private lenders. The credit portals Smava and Auxmoney enjoy a particularly good reputation. The granting of credit for tax debts of private investors is not tied to the strict requirements of bank lending for the self-employed.
For private lenders, the legislator grants the self-responsibility to decide freely to whom to grant credit. Each investor sets their own yardsticks according to which criteria he submits his bids. Each bid finances only a portion of the desired loan amount. The credit for tax liabilities would be approved as soon as sufficient bids have been received and accepted.
For creditors to make the credit approval a little more palatable, to offer credit privately on these credit portals various options. Firstly, it is important to unlock the free certificates. They create risk transparency at a professional level and at the same time trust. In addition, the required credit for tax liabilities could be additionally secured. The additional security would be possible through the deposit of the car letter.