Do banks reject your desired loan? Are you looking for information on how to get a loan in difficult cases?
Our credit counselor for difficult cases explains what lenders pay attention to. Our goal is to provide you with the suggestions to make a difficult loan application so that it can be approved. However, there is no credit guarantee for anyone.
Seeing yourself as a difficult case does little to solve the credit problem. The first source of information as to why it is a personal loan in difficult cases is provided by preliminary credit interviews in the past. Credit advisors, regardless of the credit institution, explain why they view credit approval as problematic.
Each of the points mentioned makes it difficult to grant loans, but at the same time opens up options to act yourself or to take advantage of a special offer. There is not a suitable solution for every loan request, but most difficulties can be avoided. The decisive prerequisite, however, would be that the ability to repay is reliably proven.
The most important rule: only those who have sufficient income can borrow money to repay it.
The most common reason for problems with regular loans is a lack of creditworthiness for lending. Weak creditworthiness expresses through a low numerical value in the score that there is an increased credit default risk. Credit check programs, which decide on lending for practically all regular loan offers, recognize the risk and reject it. Credit opportunities for credit in difficult cases could exist through special offers.
Banks have not been taking a noticeably high credit risk for several years. International contracts and national laws have “chained” past risk credit of the past. But, specialist providers do not rely on the score or the Credit bureau as the final decision criterion. Credit becomes possible if the loan assessment confirms that the credit rating is sufficient.
For the credit check, the clerk requests evidence as evidence of personal creditworthiness. In addition to the usual documents, it is primarily the account statements that interest the clerk. He can see in the excerpts what income and expenditure the household actually has. He also recognizes whether the applicant has been permanently solvent in the past few months.
He would like to recognize the structure of the expenditure, the tendency that the account runs permanently in the credit, but at least in the budget. It would be optimal if each month a savings in the amount of the future installment payment remained in the checking account. To prepare a loan appropriately in difficult cases, three months of preparation is sufficient. – No bank currently checks the statements beyond this period.
The examiner definitely does not want to see:
– chargebacks due to insufficient funds
– countless card payments and credit card debits
– a negative trend in account balance
– Debits from or transfers to collection agencies
– Reduced salary payment compared to payroll
For the large installment loan for debt restructuring in difficult cases, it pays to get into the credit process properly prepared.
In difficult cases, a large loan is not always needed to compensate for a liquidity squeeze. Difficult cases arise when an invoice is due for payment with poor creditworthiness and scarce liquidity. In many cases, it is the consumption bills – electricity, water, rent – that trigger an emergency in the household budget.
A quick microcredit can help quickly even in the most difficult cases. Microcredit is a short-term loan with a term of 30 days to 90 days. Depending on the provider, the possible loan amount fluctuates between USD 100 and USD 1,000. For existing customers, an approved loan is usually paid out in real time for new applications in 24 hours.
A microcredit for difficult situations keeps the requirements for applying for a loan low. Existing customers at Great Bank (known from the collaboration with Best Lender) just press the button for money emergency calls. The program credits the current account with 100 USD in real time. For 500 USD mini credit in difficult cases via Vexcash, even the small pension is sufficient as proof of income. About 500 USD to 600 USD net income can lead to credit approval.
The struggle for the euro and other political reforms have dramatically changed the framework for lending and investment. One result of the fall in interest rates for investments and the increasing demands on borrowers was the creation of credit portals in Germany. Best Lender and Good Finance lead the reputable credit market from private to private.
For years you have been the point of contact for the desire for a loan in difficult cases with fair approval prospects. The market leaders are confronted with the high demand for lending under difficult conditions by a large number of private investors. They spread the credit risk of their investments through partial bids and at the same time secure a fair return on their investment.
An approved loan in difficult cases from private is still not a confusing process. A bank takes over the entire process for approved installment loans. You central contact for both sides.