Much of this debt is so-called consumer debt. They come about through an overly succinct way of dealing with the “purchase on pump”. Installment loans and consumer loans, as well as purchase on account or payment of the debt at a later date, are everywhere. In addition, the credit card is being drawn more and more when it comes to paying for purchases. If the billing comes once a month, many are scared of how much money they have spent and what they do not have. The spiral towards debt then turns faster and faster and the insolvency administrator is already rubbing his hands because he will have more to do in the near future.
If you don’t want to let it get that far, then you should not only keep an eye on your income and expenses. You should also quickly collect accumulated debts and pay them off with a debt repayment loan. Because once your debts have made a negative impact on private credit checker, it will be very difficult to get them under control with a loan.
How can a loan for debt repayment be taken out with a good credit rating?
If you have reacted to your debts in good time so that they are not yet reflected in the private credit checker, you can take out any installment loan with a good income. Always use the amount of debt that you should determine in advance. Take only the money you really need and spread the repayment over many small installments. Not that in the end the loan becomes the next financial challenge that you can no longer handle.
How can a loan be taken out for debt repayment if the credit rating is poor?
However, if you have not taken care of your debts for too long and have already arrived at private credit checker, it will be significantly more difficult to take out a loan to repay the debt. Because then you have to accept detours in order to still be able to get a good loan offer.
Again, it is important to determine the exact amount of debt in advance. With the sum determined in this way, it is then possible to look specifically for offers. Since a negative private credit checker cannot take out a loan from a German bank, you either have to find a second co-applicant for the loan or go abroad.
You may be able to get a loan in Germany with a second co-applicant. However, only if your credit partner is solvent and has an excellent credit rating. The banks then see him as the main borrower and base his calculations on the loan on the creditworthiness of the second borrower.
If you cannot show this, you will only have a chance of getting a loan if you use a foreign loan. However, this is usually only available as a small loan and requires a very good income. The private credit checker, on the other hand, is not interesting because it cannot be queried from abroad.
The market leader in foreign loans is the credit bank from Liechtenstein. If you would like to apply for a loan to repay the debt, simply go to the bank’s website and fill out the forms stored there. The bank will then contact you and discuss all other formalities.