So, you took the loan.Having been refused in one bank, you're headed in the other, but there have failed.What's the problem?It would seem that an income statement you have, and the required amount of discharge is not exorbitant.Similar problems often experienced by people who have a bad credit history.What does it mean?Quite simply, at some point in their lives, you have refused to repay the loan, or routinely detained contributions.
For banks, the credit history of the client is one of the most important criteria.And if you have proved as irresponsible borrower correct negative reputation will be difficult.Because the bank is not interested in co-operation with those people who are prone to breach of contract.In fact, your life circumstances for them have little or no value.Much more importantly, how reliable borrower you are showing yourself.
How is the bad credit history?There are several disorders that can contribute to this:
- Full non-return of credit (this is the most serious violation, and in the future, do not count on a positive credit decision).
- Multiple overdue payments for the period from 5 to 35 days or more (the average in severity violation).
- Single failure to pay at least 5 days.
On the latter point, it is as such is not considered a violation.It is quite common situation where the borrower makes money up against the deadline of payment, and they just do not have time for the right time to get to the bank.Attention to such trifles almost no one pays.If a delay of less than 5 days of regular, a perfect credit history can not be named.However, most banks will not see good reasons for the refusal.
If the overstay fees for a period of five days to 35 - it is a bad credit history.However, if the debt somehow been paid, the bank can then approve your application for registration of the new loan.
Customers also that in the past have not paid the loan funds in general, are not even considered by banks - they instantly receive a waiver.
However, a bad credit history can be a person who is always in good faith to pay debts to the bank.The obstacles to obtaining funds may be litigation, alimony, or even such a trifle as the debt neighbor.
How to rectify the situation?
Many people wonder where you can get a loan with bad credit history.Opportunities are found, of course, possible.However, it is unlikely you will be able to cooperate with official agencies.And it will have to pay.Therefore it is better to think about how to fix your credit history (or rather, to improve it).
- visit a bank branch and show proof that at the moment you change your attitude to credit, became responsible.For example, you can show a statement confirming the payment of various contemporary accounts, (utilities, and so on. N.) The last few years.The big plus is the presence of the documents confirming the solvency of a high and regular income.
- Explain the reasons for non-debt on the loan (if the causes are not dependent on you and have been associated with the disease, reduction of work, unpaid wages, and so on. N.).
- Another proof of your loyalty may become open in the bank deposit accounts (1 year).
Cash loan with bad credit history can be taken in the special services, but, as a rule, such a pleasure to pay exorbitant interest payments.
