Payday loan despite bad remark- now with immediate approval
In the case of a small loan despite remark, it can be assumed that the creditworthiness of the person looking for a loan has been somewhat depressed.
Before banks approve a loan, they check not only the income but also the remark of the customer.
If there are negative entries, this leads in most cases to a credit rejection. What remains is then the small loan despite remark or a loan despite remark .
The problem of bad remark and its consequences
The protection association for general credit protection – remark for short – presents itself as a credit agency that has contractual partners.
In addition to banks, these are insurance companies, mail order companies, telephone companies. remark receives information about customers from these partners. Thus, every current account opening, every new mobile phone contract but also a loan application of remark is reported. These entries are initially considered neutral.
But if there are payment defaults such as a forgotten and already reminded invoice, a reminder from the mail order company and already these neutral entries become negative entries. The consequences of this are that a loan request is rejected.
The reason, the negative entries signal a higher likelihood that it could lead to a loan default. The entries are subdivided as a soft feature and as a hard feature.
The negative entry as a credit basis
A soft feature is unpaid bills from a mail order company or a forgotten mobile phone bill.
Thus, credit seekers then often have the chances of a regular loan, often even from the house bank. There will be no credit for harsh traits, such as a disclosure oath, a garnishment or bankruptcy. The customer is no longer creditworthy.
Equally important is the loan without remark and the credit despite remark.A credit without remark query will not give it from German banks. A loan despite remark, however, is provided by some lenders. Here then the remark is viewed.
As I said, this is a soft feature or a completed negative entry, so the credit opportunities in this country are better than without remark., However, the credit line will move in the segment of a small loan.
The small loan despite bad remark – the credit rating
The loan seeker always reads in a loan application, the credit rating must be correct. In general, the credit rating says something about the creditworthiness and solvency of the loan seeker.
But what do lenders understand about it? Banks want collateral before they agree to a loan. Thus, a sufficient and regularly incoming income is required. As far as the amount is concerned, the income is above the attachment exemption limit. The tables of distinguisals are updated every two years.
If a loan default occurs, the bank may incur the income that is above this exemption limit. In this case, the livelihood and the family must be ensured in a wage garnishment. In addition to the income, the permanent employment is also examined. D
he employment contract may not be limited in time and may not include a probationary period. Very important is a clean remark who has negative entries in his remark, who will have problems with a loan request.
The small loan despite bad remark – the credit comparison
Especially with a small loan despite remark, it is important to find a cheap provider. Therefore, a loan comparison can be made on the internet. Simply enter the loan amount and the desired term.
With one click, the customer sees the amount of the loan installment and the interest rate. There are always customers who misjudge their creditworthiness. Therefore, it is advised to seek self-assessment from the remark once a year. This can be used to check whether the entries are rightly noted or whether they could be deleted long ago.
For a credit comparison, therefore, customers should always proceed in a neutral manner. Loan seekers can then determine with the credit comparison also immediately which providers give a loan “despite” remark. If there is no provider, the customer can search for an alternative to remarkfreien loans.
It is also recommended to submit a loan request or a condition request first. Several rejected loan applications can lead to another negative entry in the remark.
The small loan despite bad remark – the credit intermediation
If loan seekers find a lender at a German bank, a lending-free loan can be used to search for a loan free of debt.
Especially with this form of credit, there are many offers. The credit seeker should not be blinded by this because a non-scholarly loan has very clear requirements.
In addition to the decent income, it is important to have a permanent position, whereby the duration of employment depends on the loan amount.