One or more payment notes can put a spanner in a variety of financial matters. It can be anything from mobile subscriptions to renting an apartment and of course also borrowing money.
In the eyes of a lender, simply a person with a payment note is at greater risk of lending money to another when he has not previously repaid his debts. Here we will take a closer look at this particular problem and see if there are any solutions.
Are there opportunities to borrow?
You should never say that it is impossible to get a private loan even though there are active payment notes, however, you should know that it will probably be very difficult. If you want to borrow from one of the larger banks, you will probably need to visit them in person and then be able to show a very good economy so that they even consider lending money.
This means a stable income and all old debts are repaid. Even if you have this and make a good impression, there is nothing to say that they will approve you as a borrower. But there is a possibility.
The best chance to get a loan from a regular bank is to talk to the bank you are a customer of or any of the other major banks in your city. You must then be able to explain your situation, why you have problems and why you feel that you can manage a loan despite having payment remarks.
If you can show a strong economy or other good reasons why you are able to borrow the money, it can go the way, but there are no guarantees. The more arguments you have for getting a loan, the better it is. It will be easier if it is an old payment note that has long been resolved.
Loan institutions that target people with remarks
It is a bit different how it looks on the loan market between opportunity and opportunity but if you are lucky there may sometimes be lenders who have chosen to specialize in lending money to people with payment complaints.
They will also do a credit check only that they automatically do not say no if there is a payment note, but they include this as a negative part of the overall rating. Positive things like capital and income can be big enough to weigh up the overall rating.
Loan with the guarantor
Another option for those who want to borrow money but have payment notes is to try to find a person who enters as guarantor for the loan. However, this is something to be careful of as the person going to the guarantor will be liable for repayment if the borrower does not pay his repayments.
For this reason, you should only use a guarantor if you are really sure of being able to repay the loan. It is often a family member or friend who enters as guarantor and it is important not to ruin the friendship for a loan.
If you feel confident about the repayments, a guarantor is a good option as it gives the lender a greater security to lend money. They will then do a credit check on the guarantor also to see that that person has a sufficiently good finances.