TAKE OUT BRIDGE CREDIT - 6 ways to bridge your shortages

THESE OPTIONS ARE WELL SUITED FOR BRIDGING THE GAP

If you need money to bridge the gap, short-term financing is more suitable:

1. Defer (suspend) payments such as rent or loan installments

2. pawn loan

3. Car loan

4. Small loan

5. Advance salary payment

6. Switch credit card to installment payment

1. DEFER PAYMENTS

As an alternative to a bridging loan, you can often defer installments - in other words, simply suspend them. Simply contact your landlord, bank or insurance company to ask about this option.

2. TAKE OUT A PAWN LOAN

You can simply use your collateral as security to borrow money at short notice. This saves you a lot of paperwork, because you get your money immediately and without having to check your financial situation.

This is how it works:

1. Offer: Here you will immediately receive an online offer for your collateral. You can also make an individual request and receive your offer within a few minutes on the same working day.

2. Handover: Use either shipping or collection or come to a store in Vienna, Linz, Graz or Innsbruck to deposit your item for the duration of the credit period.

3. Pay out: Get your money either immediately in cash or as a payout to your PayPal or bank account.

4. Extension: In your account, you can extend, repay or make a partial repayment of the pawn loan from the comfort of your own home.

3. TAKE OUT A CAR LOAN

If your car is neither leased nor financed, you can also use it as collateral for a loan. You even have the option of simply continuing to drive it during the term of the loan.

This is how it works:

1. Enter your vehicle details and the desired conditions here to get your offer displayed immediately.

2. The next step is to arrange an appointment with you for an inspection. Then drop by with your car in Vienna, Linz or Graz.

3. After successful verification, you will receive your money in cash, via PayPal or by bank transfer.

4. An extension or reduction is possible at any time after the desired term.

You will need these documents for the check:

• Type certificate

• Registration certificate part I + II

• §57a expert opinion (Pickerl)

• Duplicate key

• Purchase contract

• Confirmation of registration

• Official photo ID

4. TAKE OUT A SMALL LOAN

You have several options for a small loan:

1. Bank loan: If you receive regular income from employment and have a good credit rating, you can take out a bridging loan from the bank at any time - provided that the installment can be reconciled with your household bills. Simply get in touch with your bank advisor and they will arrange everything, as they already have all the information they need from you.

2. Small loan via private lenders: Platforms such as Giromatch can put you in touch with private lenders who, like banks, require certain collateral from you. However, even if you have a medium credit rating and are self-employed, you have the chance to obtain financing of up to €50,000.

5. ADVANCE SALARY PAYMENT

If you know that you will soon be receiving a bonus payment, vacation or Christmas bonus - or if you are planning to work paid overtime, you can also ask your employer for an advance salary payment. In this case, the money will be advanced to you and withheld later. It is also often possible to pay your salary in installments.

6. CHANGE CREDIT CARD TO INSTALLMENT PAYMENT

If you have a credit card, you can usually convert it to installment payments relatively easily. Simply contact your credit card provider directly to find out what conditions are possible. You usually have the choice between a fixed monthly installment payment or a payment of 10% of the total balance (all the money you have spent on the credit card) plus fees.