Credit in hopeless cases – secure solutions
Taking a loan in hopeless cases is a task that is difficult to face. Because the banks are very critical in the selection of their borrowers.
Therefore, it may well be that the desired credit in the worst case in the end turns out quite different than was thought in advance.
When is talked about a losing case?
As a rule, potential borrowers rate their borrowing requirements much less critically than lenders. They are of the opinion that despite negative schufa, lack of work or a big mountain debt quite a loan can be taken.
Somehow this works with the repayment – if necessary, in many very small installments. Because the credit is urgently needed. Banks, on the other hand, are more rational about making a credit decision. They assess the default risk when lending and then decide whether or not it is a credit in a losing case.
If so, they will not agree to lending. No matter how urgently the borrower needs the money too. If you see a chance for a loan, they will communicate accordingly and give suggestions for the reduction of the default risk.
When is a loan not possible?
As a hopeless case, one is not classified on a whim. If the banks do this, then they want to protect not only themselves, but also the borrower. Because they deny the lending, they ensure that the prospect does not accumulate more debt, for example, than he already calls his own.
But first and foremost, it’s all about protecting the bank itself. A loan in hopeless cases is therefore not awarded if the person concerned wants to take the loan despite all the difficulties alone. Likewise not if he has very high debts that he does not control.
Insolvency or affidavit signed. And if there is no income that would even allow a partial repayment of the loan.
When is there a chance of a loan?
But there are also situations in which a loan in hopeless cases would be conceivable. Even though this may not seem like it at first glance. For example, if you name a co-applicant who is solvent and has excellent prerequisites for borrowing, the mood at the bank can also tip and a loan becomes possible.
However, it is important that a serious co-applicant is found who is aware of his task. In addition, the loan should only be taken if it really brings benefits and significantly improves the situation of the actual borrower. Anything else would be unfair to the co-applicant.
If the actual borrower can not service the loan, all costs will be left to the helper. With a bit of bad luck he ends up in debt and has to answer for things he did not actually cause.
Credit in hopeless cases – tip
Especially on the Internet can be found again and again offers that promise a loan in hopeless cases. Most are dubious credit intermediaries who offer their services and pay for it properly. But common sense alone should signal that there is certainly no credit in this way.
Therefore, such offers should be strictly ignored. The best way to borrow is always the straightforward way. So directly through a bank. If this does not give credit, then you should accept this and work on your own situation.
Then maybe someday a normal borrowing is possible again.