The bank canceled the loan and now?

Since, according to a recent decision by the Federal Court of Justice, the banks are already allowed to terminate loans if the debtor is unable to service outstanding liabilities to third parties for a short time at the time of the termination, more and more cases arise The question “What to do if the bank has canceled the loan?” As a top priority, the person concerned should remain calm after termination and not take any hasty or ill-considered actions. You should assess your financial situation critically and as objectively as possible. This includes getting an overview of the currently available financial resources, possible outstanding receivables, all upcoming liabilities from past and present and feasible and reasonable possibilities of short and medium-term improvement of the current financial situation (e.g. mortgage lending or early termination of existing life insurance policies, sales, help in a family environment).

What is your financial scope

What is your financial scope

After this has been done and you know what financial scope you have, you should always try to speak to the bank in question and, while disclosing your own financial situation, sound out the possible repayment or settlement modalities. Often, binding repayment installments still have to be negotiated for canceled smaller loan amounts. With larger loan amounts, it is worth trying to compare them. It can be assumed that the bank always faces the risk that the debtor will be driven into private or corporate bankruptcy in the event of a court-enforced measure such as the enforcement order or the attachment.

New bank loan

New bank loan

In these cases, banks often go empty-handed – that is, it is not possible to get back partial amounts of the loan from the debtor’s assets and income, since there are no usable assets and the income is below the garnishment limit. If the bank can be offered the one-off payment of a partial amount under the conditions to be expected, the chances of success are often not bad. One-off amounts in excess of 10% of the canceled loan amount can already prevent some banks from taking legal action. However, a corresponding amount is usually not available through a possibly new loan, because the termination of a loan is usually entered in the Credit Bureau and thus prevents a new one from being taken up.

On the other hand, there is little hope of success due to the limitation, because hardly any bank will let the three-year period (from 01/01 after the termination) pass without taking any measures . If repayment, settlement or limitation offer no way out, then to avoid judicial enforcement with all its not very pleasant circumstances, only the way out to bankruptcy remains. But this should also be seen as a viable option and not as a specter.

Fast credit without payroll accounting

 

Proof of income usually belongs to the documents to be submitted with a loan application. In some cases, banks do not request pay slips, especially when applying for instant loans online. A fast loan payment is often equated by customers with an instant loan that is paid out within two bank working days after the application. In contrast to instant loans, there is no generally accepted definition for quick credit.

Why payroll is waived

Why payroll is waived

A quick credit without pay slip has always been approved when a customer in the department store or at a mail order company wanted to arrange payment in installments. The mostly small amount of the ordered goods does not justify the effort to request proof of earnings. In brick-and-mortar retail, spontaneous installment purchases are made in addition to planned.

This would no longer be possible with the basic obligation to provide proof of income, since consumers usually do not have their last pay slip with them when shopping. When issuing instant loans via the Internet, the waiver of the submission of the pay slip serves to simplify the processing.

Because of the promised fast loan processing, the lender does not have the time to carefully check the submitted proof of income, so he immediately refrains from presenting it. Of course, a quick loan without pay slip is only granted up to a amount to be determined by the respective lender. Depending on the provider, the corresponding limits are between 1,500 and 10,000 dollars.

The declaration of income is required

The declaration of income is required

Even if a quick loan is given without a pay slip, the credit bank has to inquire about the applicant’s income as it is obliged to check the ability to repay. She trusts that her customer provides correct information regarding his income. Small differences in the determination of the wage amount relevant for the loan application between the calculation method of the customer and the standard calculation formula occur frequently and are harmless.

In the event of wage fluctuations, some banks make the lowest income budget statements of the past three months, while customers tend to give the average. Furthermore, in contrast to applicants, most banks do not take into account the regular income they generate. It happens that bank customers deliberately state a significantly excessive income for loans without payroll.

Such behavior is of course forbidden and will lead to a criminal complaint if it is discovered. Even with regular repayments, the bank can terminate a loan that has been obtained under false information without notice if it accidentally learns of the incorrect information, which customers sometimes make possible through their own stories or online publications. Only a few people are aware that a quick loan obtained under false information without a pay slip in the event of personal bankruptcy is an obstacle to the desired debt relief.

Instant loan without Credit Bureau and credit check

Millions of Germans run into the account every month, or you are in financial need through no fault of your own. Perhaps you or your loved ones have a wish that you would like to fulfill but the necessary change is missing?

No matter what you need money for quickly, an instant loan without Credit Bureau and credit check can quickly remedy the situation or fulfill wishes. Because the overdraft facility in the account has an interest rate of up to 15% per month! This quickly makes dreams come true or makes an already desolate financial situation even more difficult.

How can I apply for an instant loan without Credit Bureau and a credit check?

How can I apply for an instant loan without Credit Bureau and a credit check?

The easiest way to find the right loan online is on a comparison portal. As a rule, you fill out an online loan request in advance and send it to the bank directly on its own website. After a short time you will receive an answer as to whether the desired amount can be financed and on what terms. Next, print out the documents and send them to the relevant bank by post.

You legitimize yourself with Postident. You do not have to worry about a negative Credit Bureau or negative creditworthiness, with an immediate loan without Credit Bureau and creditworthiness check, the bank waives the check in your favor. However, your details in the credit agreement must still be true, otherwise the agreement may be null and void.

Only the loan interest can be a little higher, the bank bears a higher risk by doing without the usual checks and this has a little impact on the interest burden of the loan.

Financial situation relaxed or dream fulfilled!

Financial situation relaxed or dream fulfilled!

Financial difficulties are quickly remedied by the instant loan and you can finally sleep peacefully again at night. Your own dreams are fulfilled or your loved one is happy with your wish. No matter what the reason for choosing an instant loan, it contributes to the financial and mental well-being of the borrower.

Check offers carefully and pay particular attention to the additional costs of the loan, and you will continue to live a relaxed life in the future. An instant loan without Credit Bureau and credit check is a safe method of fundraising, use it and don’t be afraid. With the right provider, you won’t regret your decision.