Once compromised themselves, it is difficult to further interact with banks.When there is a need to take a loan with bad credit history, efforts will have to make much more than the presence of the positive experience of borrowing.
For several years, all transactions with financial institutions are recorded in a single national database - credit bureaus, so if you are the debtor and prevent the occurrence of delay on the loan at a bank in the country, it is easy to be able to learn the rest of the organization.However, to get money with bad credit history is still possible.
There are three main ways to get around the problem situation:
- find a lender who does not care about your past, and he does not ask for credit file;
- find such a lender who is willing to close their eyes to your sins;
- convince a potential lender that this time you will not fail will not violate the terms of the loan agreement.
Indifferent lender
easiest way to find an option when your credit history is irrelevant.Loans with bad credit history issue numerous microfinance institutions, because they are not interested in your past experience of borrowing in other institutions.These creditors include the company "Home money" or "MigKredit", "Nano-Finance" or "Coin".
Of course, the cost of borrowing from such indifferent to your past financiers will be significantly higher than at the reference in the bank, but at its own risk, they justifiably ask for an extra fee.The interest rate on such affordable microloans can reach 1-2% per day.
Understanding lender
There are loyal to the banking industry, providing loans with bad credit history, to which refers the banks "Tinkoff", "OTP", "Discovery", "Home Credit", "Renaissance Credit", "Russian Standard".All of them admit the presence in the past delinquency and minor problems with repayment obligations.However, if you have committed a serious crime in the financial sector, and the doors will be closed to you.Interest rates on loans from these banks exceed 30-50% per annum, but it is still more acceptable.
prudent lender
loan with bad credit history can take to the bank in providing additional guarantees a refund.When applying for a loan of any bank, you put it
voluminous documents and certificates confirming your current ability to pay, and also offers software - pledge, guarantee, insurance, or other ways to protect the bank from losing money.
preferable to reassure the bank of real estate as collateral, then it will be possible to borrow a large sum for a long period, and a minimum percentage of 15-20% per year, and overpay for such a loan would be minimal.Less favorable loans with a guarantee, but the attraction of solvent relative or friend would allow use of borrowed funds under the 20-25% per annum, even if you do not inspire confidence in the bank.The main thing - the infallibility of the guarantor.
Thus, the ability to take loans with bad credit history exists, and only depends on you whether it would be profitable for you.Choose the most convenient option and take the required amount in debt.
