Imagine the situation: you come to the bank to get a loan to pay for the long-awaited purchase or other unforeseen expenses.And suddenly you receive rejection.Of course, you were surprised and upset you.Such emotions are understandable, because it is unpleasant to be denied a loan.To do this, there are certain specific reasons.Let's see whether there are loans without failure, why the bank refuses to loan and it can be somehow avoid a negative response?
In some cases, the bank makes a positive decision on the loan?
- credit history.If you previously have been loans in the same or another bank, you have made the necessary payments on time, you will get the approval of a snap.Otherwise, the chances of approval will be very small.
- scoring.With this procedure, the Bank assess creditworthiness of the client.As practice shows, it automatically makes a decision on granting a loan to a person based on the amount of data that are specified in the questionnaire.To get a loan without failure, requires an approach under the conditions of the bank.A significant influence on the decision of the bank has your age, marital status, residence, financial stability and so on.
What are the reasons the bank may refuse a loan?
- Small wages.It all depends not only on the amount of wages, but also your ability to documentary evidence of all amounts.This requires to get a job with the official income.Of course, there are some banks that provided loans without any reference.But in the case of a positive decision, you will have increased the interest rate and, accordingly, the overpayment will be more.But there is also an advantage.You can get emergency loans without giving only a passport.
- invalid data in the questionnaire.After receiving a negative decision on the loan can be if you are trying to hide some of the data from the bank.For example, the availability of loans and debts with other banks.Some people are sometimes false information and documents.Such actions often can not simply minimize the chances of loan approval, but fall under the criminal liability for violation of the law.
- age of the borrower.The greatest chances of getting a loan, there are people in middle age.Most of all, young people and pensioners will be denied a loan.While some banks are eager to lend to people of retirement age.
- lack of registration.Most banks very seriously to provide loans with mandatory registration.It is desirable in general, that it is the place of actual location of the bank branch.But this fact does not regard to each financial institution.Therefore, with a strong desire, you can get a loan instantly without failure and without a permanent place of residence.
So, if some of these items you come under a few, then to get approval for the loan will be very difficult.But do not forget that nothing is impossible does not exist.The main thing - to examine all the requirements of the bank before you apply.If you are refused in one bank, it is not necessary that all the others you also receive a negative decision.
How does the failure of a credit history?
First, review the details your credit history.If you feel that you have previously with the bank not in conflict, then the financial institution to that effect can be quite a different opinion.For example, it may be mistakenly listed funds, which you generally have kept silent, or similar situations.
Most problems have the potential borrower there because of credit history.You can not ever know in advance, as it may affect casual fine or a one-time delay.For this reason, it is sure to have the information on your credit history.
no secret that the majority of borrowers confident that wholly owns information about their history.But people may forget some of the little things, all of the delay or penalties which they consider insignificant.But banks will consider even the smallest delay of a material breach.
For example, clients sometimes make mistakes and make the penultimate payment for the past, which is why the delay in beginning to emerge.Even with the correction of such errors in the future it may not be entirely positive impact on the credit history and the loan can be denied.
What could be denied credit?
to obtain loans without failure, should be aware of how the refusal is based on information from credit history.It is of two kinds:
- Objective - it happens in the case where the credit history is not actually meets the requirements.
- Subjective - is when the credit history is in good condition, but for some reason it is not satisfied with the bank employee.
Can I get a loan without asking for a credit history?
Today get a loan on the card without failure without prompting credit history staff is almost impossible.Such information is studied by managers in the first place.Even in high-income countries, the availability of real estate in the property could still reach a negative decision from the bank.
What are some ways you can get a credit history?
Everyone wants to get a loan instantly around the clock without failure, but before doing so, be sure to find out where you can get your credit history.Learn it can by sending a request to the central catalog of credit histories.To receive these reports can be an unlimited number of times.The report comes within ten days.It can be provided in electronic form or on paper.Bank of Russia website when entering a personal code allows you to view your credit history.This code can be obtained when you first enter into a loan agreement.But not all managers say that he may need in the future, and for that reason alone will find it very difficult.
credit cards as a loan to the card without failure
Everyone wants to come to the bank and immediately become the owner of a credit card with a sufficient limit for the implementation of conceived acquisitions.Banks loans are no failures are not available to everyone.But there are credit organizations, which demands much more loyal than others.One of the fastest methods of getting a loan is to study the requirements of financial institutions.On their official website, you can fill out an online application form and do not waste time going to banks.So one can respond, and sometimes several institutions.
Microfinance institutions
more loans without failure provided by companies issuing small amounts for short periods.As a rule, are small financial institutions, funds, consisting of deposit of their respective owners.In these institutions you are unlikely to get a waiver, but must be prepared to the fact that interest will be slightly higher than in the bank.This is understandable, since the company thus insured against possible losses.Agree that it is logical: to make the cost of services more expensive, since it dispenses with the collection of different documents and time of the application.
Also, do not rely on large amounts of loans, since the main advantage of such organizations is the speed and simplicity of money.They are usually issued on the day of filing.You do not need to collect a large package of documents held various interviews and wait for a few days.For this reason, if the funds are required quickly, this is the best way out.
