No loan for difficult cases is the same. It is always important to work out the right individual solution. The article provides a small guide for orientation.
Credit for difficult cases – return debit
The most common reason to seek credit for difficult cases is the applicant’s lack of creditworthiness. Of course, there is no one-size-fits-all solution to the credit problem. It is therefore important to analyze why there are difficulties with the desired lending.
If the house bank has not accepted the loan application, it is easy to find out the reason. With regard to the checking account, the clerk often assesses the credit situation as difficult.
A chargeback is often the problem due to a lack of coverage. No overdraft facility is designed to be constantly exhausted to the limits. The solution to the problem then lies in the order of the relationships. The overdraft facility must be returned. Until then, hard savings are the only sensible way to make the account “hopeful” again.
The budget bill as a stumbling block to credit
You only get a loan if you can repay it. The garnishment exemption limits and the household bill serve as a yardstick. The current seizure exemption limits are published on the debt counseling website. If the family income is above the exemption limit, an excessively high expenditure ratio is probably responsible for the refusal of credit.
The solution to the problem is again iron saving. Unnecessary contracts, such as expensive cell phone contracts, should be canceled. The same applies to membership in the fitness club and many other actually unnecessary payment obligations. If the budget bill goes up again, income and expenditure are in harmony with each other, then nothing stands in the way of lending. Loans for difficult cases are then no longer necessary.
Problem case scoring or negative private credit checker
If you have not been guilty of anything and still get a bad info score, there is not much you can do about it. It is only possible to call up your own score and look at any errors. A negative private credit checker entry cannot be deleted, even after it has been paid for.
If you do not want to wait three years for the automatic deletion, you can only contact a specialist provider. Credit without private credit checker is granted by a few direct providers in Germany. The majority of the offers for Swiss loans come from credit brokerage companies.
A debt rescheduling or restructuring loan is not granted
Anyone who has to service many different loan obligations quickly loses the overview. A debit date must be kept in mind almost all the time. It is usually a matter of time before a debit cannot be made. A debt rescheduling or restructuring loan could solve the problem, but commercial lenders are not interested in funding.
The loan for difficult cases as a restructuring loan could be privately financed without the established credit system. Various personal loan portals offer the opportunity for extremely long-term installment loans for debt restructuring. One of the two market leaders for private lending, allows loans for difficult cases up to USD 75,000. The maximum term is 120 months and thus ensures an affordable rate.