Those who have to pay several loans do not necessarily have to reduce the customer’s creditworthiness. If the installments due were always paid on time and there were never any abnormalities in payment behavior, the bank will also approve a loan, in spite of the creditworthiness, despite ongoing loans.
The credit landscape in Germany suggests that consumers can buy and pay in installments. This is advertised with 0% financing and with particularly low interest rates. Many consumers buy and lose track of their finances. At the latest when the rates are postponed by a few days or by a month, a loan should clarify the situation despite ongoing loans.
The loan despite current loans – the prospects
Life on pump has become socially acceptable. Even the well-heeled buy on pumps and have a good time. The difference between a normal worker and a well-heeled man is huge. The worker can squeeze the many installments, the well-heeled simply transfers the outstanding loan amount from his well-filled account.
There are many banks offering debt rescheduling for a loan despite ongoing loans. This is how the process of bundling several loans is called. Generally speaking, rescheduling only makes sense if the customer can count on savings in the month. If debt rescheduling is more expensive than total loans, then no loan should be taken out despite ongoing loans. That would be a way into the downward spiral.
What is also striking in the credit landscape is that there is talk of existing loans and liabilities in a sociable group. You used to cover up a loan, you were ashamed of having debts. Fortunately, that has changed today, because debtors are bringing a lot of money into their coffers.
Banks, however, only grant loans if the customer’s creditworthiness is correct. His income is under scrutiny and the Credit bureau, the Credit bureau the specter of the loan seekers. If the customer has negative entries in it, banks are very reluctant to make a loan despite ongoing loans. In many cases, no credit is approved at all.
But even with a debt restructuring, the income / expenditure plan should be made. Not only to get the financial leeway but also to get the real loan amount. The customer should add up all liabilities from loans, installment payments at department stores, mail order. This then results in the loan amount needed for the debt restructuring to be successful.
The customer should first contact the bank where the old loans are to be serviced. With his information, the bank can then create a loan offer for a loan despite ongoing loans. If this is the customer’s house bank and it offers acceptable conditions, the loan can be taken out there. The customer can save additional costs if the individual loans are repaid.
However, the customer does not have to go to the bank where the other loans are running, but can look for a bank of his choice. The direct banks with good conditions are recommended. However, the creditworthiness, the income and the clean Credit bureau must be correct.Areas such as the interest rate, processing fees, early repayment fees and residual debt insurance may apply to a loan despite ongoing loans.
Even if the loans to be paid are depressed, the customer should choose his debt rescheduling with care. A loan is quickly concluded and unnecessarily high costs have to be paid for a long time. An expensive loan can be recognized by the fact that the interest rate is high and no special repayments are included. In the worst case, prepayment fees include special repayments. A bank can calculate this if the loan is repaid before the end of its term.
Loans are not only granted by banks, but also by electronics stores, local dealers and mail order companies. Credit bureau is an important point for all installment payments and loan installments.
With debt rescheduling, not only income plays a role, but also Credit bureau, which shows how the customer’s solvency was in the past. If the Credit bureau is negative, most donors assume that there will be a loan default. The consequence of this is a credit cancellation. However, the customer still has an opportunity to get a loan.
If his income is correct and only the Credit bureau is the exclusion criterion for his loan request, he can look around for the Credit bureau-free loans. Credit bureau does not matter there, the credit is not entered. Neither bank nor employer learn about this loan. However, these banks also impose conditions.
In addition to the sufficient income, which must be above the garnishment exemption limit, the borrower must prove a permanent position. This should have existed for at least six months. The garnishment exemption limit plays an important role in these loans. If the customer can no longer pay his loan, the bank will immediately seize the wages. As a small guide: for a single person, the net labor income must be 1,160 USD, which results in a attachable share of 80.00 USD.
The unemployed and self-employed do not receive this loan. The unemployed receive state benefits that cannot be seized. The self-employed have no stable income. These professional groups can only get a loan from German banks under difficult conditions.
The advantage that can arise with a loan despite ongoing loans is a reduction in the monthly charge. If only one creditor is left to serve, a better overview of the finances is created. The customer has a good chance of getting a loan despite ongoing loans, as soon as the loan request is made, he signals that he doesn’t want another loan, just a debt rescheduling. The lender sees that the customer does not want to accumulate any more debts, but that he is striving for debt rescheduling.
If the budget provides the financial scope and monthly savings can be made, rescheduling makes sense. The customer can visit his house bank or find a loan on the Internet.