Credit despite a reminder – act before a title destroys your credit rating. Our lifestyle can be described as very casual.
We live in a rich country where there are plenty of consumer goods, where there is no war and equality has made very good progress. No wonder that we spend a lot of money on spending money and have little trouble living on our own conditions.
Credit – when the money is scarce
For if your own money is not enough, then we can be sure that the banks and savings banks like to lend something. And most dealers offer us a purchase on account or installment. Actually too good to be true. But all this freedom also brings disadvantages. Many consumers no longer have an overview of their finances. They spend more money than they spend, which can lead to over-indebtedness over time.
Anyone who is not careful here has to deal very quickly with a collection agency. And if this can not be satisfied, then the dunning notice threatens. Often, the consumers concerned wake up only when the order for payment is already in the mailbox. They realize that action must now be taken quickly, so that the bailiff is not at the door or in the last instance, the bankruptcy threatens.
A large part of those affected try to save the situation with the help of a loan despite a reminder. This can be successful, but should always be well thought out.
What does a reminder actually mean?
Claims against debtors expire over time unless they are set out in court. For the debtors a fine thing, because they can get rid of the debt. For the creditors but a loss of millions, which of course they do not voluntarily accept. You order a dunning notice from the local court, which secures the liabilities.
If the debtor pays, the procedure is closed and everything is fine. If he does not pay and the obligations under the order for payment are justified, an enforcement order will be issued, which will allow the creditor to obtain the claim within the next 30 years. It does not expire. A credit despite a reminder is usually possible only under difficult conditions.
The reminder will leave its negative mark on the Credit Bureau. The credit rating slips into the basement and the traditional banks are not willing to give a loan despite dunning.
Anyone seeking a loan despite a reminder despite all this, must therefore take alternative ways to get the desired money.
The loan despite a reminder from abroad
In most cases, the route leads abroad, where a loan despite reminder in certain circumstances is possible. Banks abroad do not have the possibility to query the data of the Credit Bureau. However, as a loan seeker you should make sure that you decide on a bank that does not have a branch in Germany. Otherwise, the data of Credit Bureau could be obtained from the branch. The foreign credits are mainly known under the term “Swiss loans”. The main provider is not based in Switzerland but in Liechtenstein.
Offered are only small loans that bring fixed repayment agreements. In order to be able to take out a loan despite a reminder from abroad, the loan applicant must be able to demonstrate a permanent employment.
The self-employed, unemployed or pensioners are not entitled to such a loan. You should seek help elsewhere or, at best, seek the services of a debt counseling service.
Because loan offers that address these population groups, are usually dubious nature and therefore only conditionally recommendable.
How long is there no credit in Germany?
Since the dunning notice is entered in the Credit Bureau, a credit despite reminder in Germany is hardly possible. Because the negative Credit Bureau, which clearly shows that there are major financial problems, deter the banks.
The Credit Bureau remains negative even after the repayment of the debt. Usually for two years to the end of the year.
A long time, which can bring great restrictions, but also many opportunities. Anyone who can no longer easily take out loans or make installment payments can not make any debts.
A negative Credit Bureau can therefore also be seen as a protection and an opportunity for a carefree life.