Debt is a very uncomfortable thing. Above all, if you have not brought them about on purpose and they still have a negative impact on life. Because, as the popular saying goes, they are not a “trivial offense” and must therefore be cleaned up.
While one consumer completely relies on the state and goes into consumer bankruptcy to simply shake off the debt after six years, the other consumer invests a little more power. He doesn’t just want to give up and try to save what can be saved. Alone to show the creditors that he doesn’t care whether they have to give up their money or not.
In order to be able to reduce the debt in some way, it is important that it is not only determined, but also summarized. The best way to do this, of course, is with a loan that turns many creditors into one. But is a loan actually feasible despite debt?
The type of debt decides
Whether a loan can be taken out easily despite debt or whether there are detours that need to be taken depends entirely on what debt is burdensome to the borrower. If it is small liabilities that have not yet had a negative impact on Credit Bureau, but could do so in the near future, it should not be a big problem to find a good loan offer. Because as long as the Credit Bureau is positive and the income is good, almost all doors are open to the borrower. Even when looking for a loan with debt. In such a case, we always recommend an installment loan, in which it is not necessary to state what the money is needed for. The lending bank therefore does not have to be informed that there are debts and that these are to be repaid with the help of the loan.
However, if the debt has been known for some time and has already arrived in Credit Bureau, this naturally makes it difficult to borrow. Because then you can’t just take out a loan from any bank. In Germany, banks do not grant credit to consumers who have negative credit.
In the case of a loan despite debts that have already left their mark on the Credit Bureau, it must therefore be ensured that a second borrower accompanies the borrowing. If this cannot be found, you must look for a foreign loan. This is available from various banks in Liechtenstein, which can be easily reached via the Internet. A stay abroad is therefore not necessary.
What should be considered when looking for a loan despite debt?
A loan in spite of debt is only worthwhile if it can really make a difference. It is not worth taking out a loan if there are only more debts in the end. It is also important that the money is used for debt settlement and is not used up otherwise. Those who are in debt should always live very sparingly and reduce personal needs as much as possible. If the bank notices that the loan has been taken out, although it was known that there are debts that cannot be regulated, this could be regarded as fraud and reported. And probably nobody wants this.
By the way: Even credit intermediaries or so-called financial experts cannot do magic and cannot obtain credit if the debt situation has been completely resolved. It is better to go to a debt counselor in such a situation than to believe dubious statements from even more dubious intermediaries who end up producing no credit and only cost money.