A credit with poor creditworthiness can be approved, only the course has to be set correctly. It is possible to improve credit opportunities. The article reveals more about the “screws that lead from an apparent credit crunch”. See clevefilmfest.org for an example
Loan with poor creditworthiness – proceed strategically
A bad credit loan is a loan that goes beyond the scope of personal creditworthiness. The potential reactions of potential lenders range from a risk premium on interest rates to refusal to borrow. Every loan refusal is entered in the credit bureau and further worsens the initial situation. A strategy must therefore be developed that makes a loan rejection unlikely.
At ordinary credit institutions, the credit approval depends on the safe income and clean credit bureau. The budgetary statement and the garnishment exemption limits are further reference values. The only starting point that can improve credit opportunities is the budget account. She has to prove a clear surplus of income.
The maximum rate possible for payment in installments is determined from the budget surplus.
For example, the budget surplus is 200 USD per month. The lowest possible monthly rate is 250 USD. It is therefore clear for the credit assessment that the budget surplus is not sufficient to be able to pay the installments permanently. The credit request is rejected due to insufficient creditworthiness or subject to conditions. A guarantor or property security could be required.
Measures to increase creditworthiness
Personal creditworthiness – creditworthiness determines the reaction of the lender.
The loan refusal or a loan with poor creditworthiness and high interest rates can be avoidable. Flat-rate costs and inflexible costs – for example, ongoing credit installments – are not only recorded in the household account.
Mobile phone contracts, insurance or regular membership fees also play a role. The leverage can be applied to these costs. If you are looking for a cheap loan, do not want to pay risk interest or want to risk a loan refusal, you have to reorient yourself elsewhere. He must have the will to terminate unnecessary contracts.
Another “sticking point” is the current account. Of course, the clerk should not find any return debits due to insufficient funds or the collection of a debt collection agency. In addition, the current account must not always fall into the red. Due to the constantly increasing overdraft facility, negative evidence is again provided that the applicant cannot pay the installments. The current account should also have a surplus to the extent planned as the installment amount.
In many cases, these measures are sufficient to be creditworthy again everywhere. There is no need to switch to expensive alternatives, such as loan brokerage or private loans.
Establish creditworthiness by changing providers
Not all lenders follow the same guidelines. Each credit institution draws up its own rule for the credit rating. Only in-house evaluation criteria or a more or less strong reference to the Infoscore are possible. The result of the credit rating can therefore be completely different.
A good indicator can be an online loan application from the affiliated loan comparison calculator. Another option is the Nice bank. A free online program shows everyone the personal credit rating limits. Those who act within their individual credit rating framework are responsible with their credit requests. He is also granted the loan with poor creditworthiness, but within the scope of his personal repayment scope.