Debt rescheduling – What are the requirements?

 

Many married couples who have taken out joint loans and are now planning to separate and then divorce are wondering what legal consequences this will have for them. As different as the individual types of credit and personal circumstances may be, it is important to note that the person who signed the loan agreement can also be held liable for them. If both spouses signed it, this would mean that they are jointly responsible for paying the installments.

Debt rescheduling – the requirements

If a loan agreement only bears the signature of a spouse, rescheduling in the event of separation is very easy. Neither the spouse’s consent nor any other person would need to be obtained for this. If the borrower has found a suitable offer with which he would like to replace one or more old loans from the time of his marriage, he would have to make a corresponding application and provide the bank with the necessary papers and evidence of its creditworthiness.

If the spouse willing to credit achieves a regular income and has a positive credit bureau information, there is usually nothing to prevent a debt rescheduling in the event of separation. It becomes a little more difficult if the spouse in question has not previously worked. In that case, however, he may not have been solely responsible for the loan agreement in marriage.

Unemployed, Hartz IV recipients, low earners or housewives are generally only creditworthy if the spouse signs the loan agreement or if they can find a solvent guarantor. If both spouses have signed the loan agreement, debt rescheduling is much more complicated. A clear legal regulation would have to be made as to who will take over the loan installments and to what extent.

Debt rescheduling – the conditions

Debt rescheduling - the conditions

Once the responsibilities have been clarified, a decision for or against rescheduling could be made. Similar to any other debt restructuring, the borrower should take his time and compare the offers from several banks. Only in this way will he find an optimal solution for the redemption of a loan, the combination of several loans or the settlement of the overdraft facility in the checking account. In the event of debt rescheduling or early repayment of a loan, the bank could charge prepayment penalties. However, more and more banks are foregoing this today.

If the debt rescheduling is approved, the outstanding loan amount of the old loan is immediately settled. From this point in time, the customer would have to service the new loan agreement and pay the monthly installments in the agreed amount and until the loan is fully repaid. The term is specified in the loan agreement.

Loan without guarantor and without credit bureau

Sometimes situations occur in everyday life that could not have been foreseen. You can quickly get into a bottleneck, especially in the financial area. The car has given up on the ghost, although you need it every day to drive to work. The washing machine, refrigerator and tumble dryer failed at the same time and the tax office sent a high bill.

There is a hurry, money has to be raised quickly so that normal life can continue. The overdraft on the checking account is not sufficient to cover all expenses, an inheritance or a lottery win is not in sight and savings are not available? There is only the possibility of a loan that covers the total of the bills and can be repaid in acceptable installments.

Before the loan is compared to the provider

Before the loan is compared to the provider

You make an appointment with the house bank, but this does not go as desired. Some time ago there was an incident that led to a negative Credit Bureau entry and nullifies the chance of a loan from the bank. You also cannot show a guarantor who guarantees the repayment of the installments. How do you find a loan without guarantor and without Credit Bureau? Numerous dubious providers are on the move in this area. If you want to be on the safe side that the loan without guarantor and without Credit Bureau is cheap and reliable, it is best to start a provider comparison on the Internet.

This provides detailed information and statements about the individual lenders. The effective annual interest rate, the fees for processing and brokering, the amount of the loan, the term, the installment amount and the speed of payment are compared. Remember that even with a loan without a guarantor and without a Credit Bureau, as in most cases: everything sounds too good, there is usually a catch.

Serious or untrustworthy?

Serious or untrustworthy?

A credit offer is dubious if no collateral is required, if additional insurance is required to pay out the loan, if salary transfers or blank transfers are required or an upfront fee is due. Normally, a proof of income is sufficient as security, the fees are added to the loan amount and repaid by the installments. A positive assessment of the online lender by an independent institution or organization is a good sign and speaks for the lender. So definitely start a thorough comparison for the providers in terms of credit without guarantor and without Credit Bureau.

There are also private credit brokers who offer themselves as lenders. The rules are usually similar to those of banks, but mostly an unconditional and permanent employment with a fixed income is required. Another option is a personal loan, in which a private person provides the money. It can be a stranger or someone from your personal environment. For the loan without guarantor and without Credit Bureau, financing partners from all over Germany and abroad can be won through a comparison.

Advantages and disadvantages

Advantages and disadvantages

A loan without guarantor and without Credit Bureau is the only way for many people to get money. Most providers handle this quickly, there is no demand for the exact purpose. The entire process is also anonymous if requested by the customer. The disadvantage of a loan without a guarantor and without a Credit Bureau is the usually high interest and fees. Also be careful not to overdo the amount of the installments to be paid back. Your negative Credit Bureau entry has a reason and the financial burden can quickly become too high.

In the worst case, if you can no longer pay the installments, your salary or the specified collateral will be attached. It is usually not possible for the unemployed to obtain a loan without a guarantor and without a Credit Bureau. Providers who offer special loans for the unemployed usually charge very high fees and interest to absorb their risk. The guarantee of an additional person is also required. An alternative for inactive people is a loan from private individuals or the loan of valuables in the pawnshop.

Credit without Credit Bureau in Berlin

Residents of the city of Berlin have a hard time if they need a loan without Credit Bureau. In the debt compass of the Capital Lender e. V. places the city on the Spree in last place and the anonymity of a metropolis does not make it easier to take out a loan.

It is different in the countryside and in small towns. The clerks at the banks and savings banks know their customers there personally, so that a loan application can be processed quite quickly.

Often there is even a friendly relationship, because you meet in the local rifle club or with the volunteer fire brigade. People in Berlin can only dream of such conditions.

Instant loan from private investors

Instant loan from private investors

A new financing model can help – the instant loan from private investors. People with additional capital requirements advertise on special internet platforms. On the display, they provide information on the amount of the desired loan and the monthly repayment rates. They also state the interest rate they are willing to pay and the purpose of use. In many cases, this information decides whether the instant loan is made. While some investors are only interested in a high return, other investors are concerned about the security of their money. There are even investors who value that the borrower comes from the same city, in this case Berlin.

Is the credit legal without Credit Bureau?

Is the credit legal without Credit Bureau?

In contrast to banks and savings banks, private lenders are not bound by strict legal regulations in the case of a loan contract. Loans without Credit Bureau and credit checks are generally allowed between private individuals. Banks and savings banks do not have a statutory monopoly right to grant loans. However, the agreements must be in the context of § 138 BGB (immoral legal transaction; usury). In the event of an infringement, the investor may face a fine or imprisonment of up to three years in accordance with Section 291 (1) No. 2 of the Criminal Code. It does not matter whether the loan agreement is concluded in Berlin or elsewhere in Germany.

Credit with online instant approval

It should be easy to apply for a loan, and it should also be inexpensive and quickly available. The search for the optimal consumer credit almost automatically results in a loan that is offered online with an instant confirmation. But how can the loan application be made? Which formalities have to be followed and how fast is the procedure. The article provides answers to these questions.

Applying for a loan online with instant approval is as easy as this:

Applying for a loan online with instant approval is as easy as this:

Applying for a loan from branch banks is often very time-consuming. The responsible clerks struggle with busy schedules. Without an early registration, customers can hardly get to their loan officer. Appointments after the regular closing time are in short supply. Not infrequently, therefore, even a vacation day has to be sacrificed, this is the only way to get a timely appointment. At the end of the preliminary discussion there is the provisional loan approval and the request to submit a few more documents.

Anyone who applies for their loan online and with an immediate approval goes into the fast lane when it comes to lending. There are no opening times or face-to-face meetings with online loans. The “branch on the Internet” has time when the customer wants to do his credit transactions. The online loan application can be made at any time of the day or night. Nobody can go wrong when entering data. Online loan applications are simple and understandable, and they have been tried and tested millions of times. There are no ambiguities in the questions.

Which regulations must the applicant observe?

Which regulations must the applicant observe?

Before submitting the application, it is advisable to provide the current figures on your own financial status. The monthly income can be read from the pay slip. Existing credit obligations can be precisely transferred to the application using the account statements. This brief preparation is sufficient for most loan applications. The remaining questions of a normal online application can be answered truthfully and without preparation.

Data entry can be completed within a few minutes. The online bank replies in real time with a preliminary loan approval or loan refusal. If a legally binding application is then to be made, the forms that have already been completed online can only be printed out. The signature must not be forgotten. In addition, as the checklist explains, the supporting documents must also be enclosed. As a final step, a personal visit to the post office counter is required by law. The counter clerk carries out the free Post-ID check and forwards the documents.

How long does it take for the loan to be paid out?

How long does it take for the loan to be paid out?

Applying for the loan online and with immediate approval not only avoids waiting times for the clerk. The loan payment is also very quick. Until the money is available, it only takes about five working days after receipt of the documents by the lender. If you choose the classic alternative to credit – online with immediate approval – you can often not even count on your preliminary appointment within this time.

Loan without Credit Bureau in Stuttgart

 

The example of Stuttgart shows how the situation on the credit market has shifted since the collapse of Lehman Brother Holdings Inc. Before the financial crisis, the state capital of Baden-Württemberg was considered the place in Germany where banks and savings banks campaigned massively for credit customers.

Anyone who applied for a loan from his house bank as a high-earning employee had to fear neither the credit check nor the Credit Bureau information. Loan approvals by credit institutions were the norm.

Crisis-related adverse effects on lending

Crisis-related adverse effects on lending

A lot has happened since then. Bank insiders speak of slight crisis-related impairments when they want to express that a loan without Credit Bureau in Stuttgart is no longer possible. At least not from the established banks and savings banks. They adhere to the guidelines of the top European monetary authorities, the Best Bank. As a result, the tightened lending guidelines continue to apply to the entire eurozone. It doesn’t matter that Stuttgart is one of the highest-income cities in Europe. After all, several global groups have settled here over the past few decades. Over 1,500 flourishing medium-sized companies ensure that the economic landscape flourishes. But that leaves the banks and savings banks untouched.

Lending is shrinking less

Lending is shrinking less

After all, Best Bank chief Mario Draghi stated that lending shrank less in the second half of 2014. The attentive reader does not fail to notice that this statement is a cleverly hidden request to maintain the status quo. What does this mean for employees, freelancers and self-employed from Stuttgart who have additional financing requirements and want to take out a loan without Credit Bureau?

This group of people has no choice but to look around for alternatives. These are manageable, basically only private loans are possible. If the future borrower does not want to rely on good friends or relatives, he turns to an appropriate internet platform. Here, they have specialized in arranging loans without Credit Bureau, regardless of whether the applicant comes from Stuttgart or not.