Sometimes when repaying a loan or paying in installments, things don’t always go smoothly. What follows are installments that are paid too late or not paid at all. This inevitably leads to reminders. In the worst case, the order for payment and the enforcement order are threatened. These processes influence the creditworthiness, which in most cases leads to the refusal of a credit request. But there is also a loan for difficult cases.
Financial service providers are the solution
Most banks refuse to request a loan if their credit rating has already suffered. An unpaid invoice is often sufficient as a reason. But not every Credit Bureau entry is so serious that the refusal of credit is justified. That is why financial service providers have existed for several decades, who have set themselves the task of arranging a loan for difficult cases.
These financial service providers were able to build a special relationship of trust with the banks due to their many years of activity. This benefits the customers to whom the conventional banks refuse to lend. However, it should be pointed out at this point that a request is useless if there are already garnishment of wages or salaries.
What can financial service providers bring?
For the reasons already mentioned, financial service providers have the option of arranging a loan in less difficult cases. This is certainly associated with higher interest rates, because the banks can pay the risk well. But if you have debts and otherwise don’t get any money from any bank, you are happy to accept them. There is an agency fee, but only if a loan has actually been obtained for difficult cases.
Unfortunately, there are dubious providers in this area that require prepayment. Here it can only mean: stay away from these offers! There is no money here, but these providers only look for the debtor’s money and take advantage of their financial hardship. A credit request is basically free of charge, regardless of who you make it with.