FREQUENTLY ASKED QUESTIONS

At LEGONOMICS, we offer loans with a value of up to 40% of the appraisal of the property that appears inscribed in the guarantee, which can range from €20,000 to €300,000

Likewise, the most requested loans are usually those between €20,000 and €60,000.

The term ranges from about 15 to 30 days from the moment you contacted LEGONOMICS. The money will be available in your bank in this approximate period.

Also, if you are a company, the process is faster, it is reduced to 3 or 5 days.

At LEGONOMICS we offer payment by installments.

In the amount you request we can include some prepayment fees so that later you can spend a while without making the payment.

We can also offer you a grace period that covers 5 years in which you can pay only the interest while you are recovering your economic condition.

In these cases, it is recommended that you call us as soon as possible to find a solution.

Our specialists take all the necessary precautions so that installments can be paid normally, but if a very uncontrollable unforeseen event arises, we will need to assess the case as soon as possible to find an answer to the situation.

The value of the interest rate of our loans is between 10% and 16%.

It is governed by the risk of the loan: value of the property to be mortgaged, income level, amounts requested, among others.

We will contact you within 24 hours after you have completed the contact form, and the following 24 hours, we will offer you a detailed proposal with the interest rate and other relevant information about the requested loan.

Commission expenses are included in all financial transactions. However, at LEGONOMICS we will offer you a detail of each of the amounts that appear and we will explain what each concept consists of.

Yes. You can cancel the debt, whenever you want, through its amortization.

The interests will be marked by the legislation of the moment.

Currently, in case of amortization or partial or total reimbursement during the first 10 years, the compensation cannot exceed the amount of the financial loss of the lending company with a limit of 2% of the capital that is reimbursed.

When 10 years pass, the commission cannot exceed the amount of financial loss with a limit of 1.5% of the capital that is reimbursed.

Yes. The money from the mortgage payment will appear added to the total you request.

For example, if you ask us for €10,000 and you have a mortgage of €20,000 to pay, at LEGONOMICS we offer you a loan of €30,000, so you can pay off the mortgage you have pending.

In these cases, we can only grant a loan with up to 35% of the value of the property.

Yes. In this case, the relative has to agree to the conditions, and the feasibility study of the loan has to be positive.

At LEGONOMICS we have 100% transparency with our clients during all phases of the process.

In the free advisory service, he will accompany you until the moment the contract is signed.

We offer you a personalized guide of the steps that are going to be taken, and we make sure that you can face the new debt in a comfortable way.

You can also choose your own appraiser company or the appraiser that you think is the most professional.

We are aware of the situation and want you to be aware of all points, payments, etc.

Our experts will be at your disposal whenever you need them.

Yes. The money from the mortgage payment will appear added to the total you request.

For example, if you ask us for €20,000 and you have a mortgage of €20,000 to pay, at LEGONOMICS we offer you a loan of €30,000, so you can pay off the outstanding mortgage.

In these cases, we can only grant a loan with up to 35% of the value of the property.

Yes. In this case, the relative has to agree to the conditions, and the feasibility study of the loan has to be positive.

Yes. Despite appearing in the RAI or ASNEF records, if you have a stable income and you also have a property as collateral, that does not entail charges or with an outstanding mortgage that is below 30% of its value, at LEGONOMICS we will be able to study your case and the possible viability of the credit so that you can group said debts and have only one loan payment that is usually easier to pay.

We cannot help you if the property is mortgaged, and you have a sum of charges to pay plus the loan if it exceeds 40% of the value of the home.

When you reunite the debts in a single payment you can organize yourself better, and you also benefit from lower interest rates, such as mini credits or credit cards.

If you have a property that is free of encumbrances or with a pending mortgage of less than 30% of its value, you have a stable income and you are under 65-70 years of age, fill out our form and we will contact you to study your case

When the credit is granted, you have to cancel the debts that you want to group together within a period that will be informed to you before signing the process.

Yes. It is a fairly recurring practice.

When all your debts have been unified, and you no longer appear in the ASNEF or RAI registry, you can now seek bank refinancing.

Yes. If your case is that you need more money, for example, to pay for a home reform or other situations, when you fill out the form or when we contact you, tell us about it.

If feasible, the amount will also be included in the final amount.

Each case is evaluated by our specialists, and if they consider that the new loan would not be beneficial for your peace of mind, they will provide you with clear and well-argued information about it.

The objective of our company is to always help our clients to achieve the economic stability they need, in the specific case that this is not possible, we will inform them carefully and carefully.

LEGONOMICS complies with the commitment to grant our clients only the loans that we know can be repaid comfortably and without economic oppression.

We only work with clients under 65 or 70 years of age, who have a stable income and own a property with a value greater than 40% of the amount requested in the loan.

The analysis of our specialists for each case will determine whether or not it is possible to grant the requested credit.

Yes. It is a fairly recurring practice.

When all your debts have been unified, and you no longer appear in the ASNEF or RAI registry, therefore, your credit profile will be clean, and you will be able to seek bank refinancing.

Yes. But it is necessary that you present a signed budget with the specification of the works that will be carried out.

No. You can put as guarantee or guarantee any property that you want to be your property.

When you accept an inheritance you have to pay taxes in advance.

That is why, at LEGONOMICS, we offer our clients with liquidity problems, a study on which is the financial option that best suits their personal case.

It is common for several people to be involved in inheritances, which makes the process more difficult.

There are waivers, different degrees of involvement, usufructs, among others.

The professionals of our company will offer you the best advice for your specific situation, and you can design a loan that suits you for free.

At LEGONOMICS we work with loans from €20,000 to €300,000.

If your case fits these amounts, and if our advisors consider it optimal, you can include the money you need to renovate the home you inherited, and/or other loans you want to reunify.

At LEGONOMICS we offer you mortgage loans.

For this reason, the guarantee of the debt is a property, including the same one that you have just inherited.

You can fill out our form and we will inform you of your doubts for your personal case.

At LEGONOMICS, we offer loans with a value of up to 40% of the appraisal of the property that appears inscribed in the guarantee, which can range from €20,000 to €300,000

Likewise, the most requested loans are usually those between €20,000 and €60,000.

The term ranges from about 15 to 30 days from the moment you contacted LEGONOMICS. The money will be available in your bank in this approximate period.

Also, if you are a company, the process is faster, it is reduced to 3 or 5 days.

At LEGONOMICS, we offer loans for individuals, the self-employed, companies, and SMEs.

1º Contact LEGONOMICS through our form.

2º Our economists will contact you in a period not exceeding 24 hours from when you send us the completed form.

3º We will study your case, the feasibility path and if it is positive, we will send you a proposal.

4º Once accepted by you, you will have the money in your bank account in less than 7 business days.

At LEGONOMICS we offer payment by installments.

In the amount you request we can include some prepayment fees so that later you can spend a while without making the payment.

We can also offer you a grace period that covers 5 years in which you can pay only the interest while you are recovering your economic condition.

At LEGONOMICS, we offer loans with a value of up to 40% of the appraisal of the property that appears inscribed in the guarantee, which can range from €20,000 to €300,000

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The Second Chance Law is designed for individuals, families and self-employed professionals.

The total estimate of debts cannot exceed five million euros (5,000,000 euros).

Previously, only legal persons or companies could benefit from the privilege of requesting the exoneration or forgiveness of their debts.

This Law allows individuals, families or the self-employed who cannot meet their financial obligations to benefit from the partial or even total forgiveness of their debts in order to start from scratch, without charges.

It is necessary to hire a lawyer specializing in Financial Law to process the entire process.

The Law offers many solutions and privileges to the debtor, but that is of no use if professional advice is not sought in order to take advantage of these aids in the best possible way.

We, as lawyers specialized in Financial Law, take care of everything.

Our role, as lawyers at the debtor’s service, is to ensure that hiring our services is not just another expense, but rather an investment to provide solutions that provide much more benefit than cost.

Initially, the debtor, through his lawyers, must try to reach an amicable agreement with his creditors during a period of 2 months.

In this process, the debtor will be permanently accompanied by professionals who will look after their interests, avoiding situations of abuse.

It will be about reaching a global agreement with all your creditors that is really viable and allows you to live with dignity.

Especially avoid worsening the payment conditions of the debts, applying abusive commissions or interest to the debtor.

This is where the Law provides the main benefits for the debtor.

For this reason, it is in the interest of lenders to reach a fair and viable payment agreement that can involve forgiveness of up to 50% of debts and payment in installments of the rest in up to 10 years.

If an agreement is not reached in these terms, the consequences provided by the Second Chance Law are the possible forgiveness of all personal debt.

You can get all debts forgiven, even those linked to an asset such as a mortgage or a vehicle.

However, in relation to the debt with the Administration (Treasury, Social Security…), the forgiveness is not total but partial.

In these cases, you can get forgiveness of up to 70% of the interest and penalties, which in most cases represents a very large part of the debt, and the debtor can pay the rest in installments.

Starting in mid-2021, the debt with the Administration could be fully forgiven.

The debt related to child support, necessary for their support, cannot be forgiven.

Fundamentally there are two:

The requirements to be considered a debtor in good faith and therefore be able to benefit from debt forgiveness are: