The credit refusal despite good Credit Bureau can be due to a too low salary

Private consumption is also financed by loans. Are these real offers, or should I not take these loans seriously? Do you still have questions about lending despite good Credit Bureau? The rejection of a creditworthiness despite good Credit Bureau is not only annoying, but also avoidable.

Credit refusal despite good Credit Bureau

Credit refusal despite good Credit Bureau

A loan was requested and rejected. The Credit Bureau request was perfect, no entries nothing. Borrowers should know that the good Credit Bureau is the tip on the scale of creditworthiness, but is not quite crucial for lending. In most cases, however, this is not the reason for a credit refusal despite a good Credit Bureau.

Before the credit approval, the credit institutions check not only the Credit Bureau, but also the income of the client. In addition to the salary, the permanent position is put to the test. The borrower must have sufficient and regular income to be creditworthy. Unemployment benefits or Social Welfare benefits do not belong to this system, these funds are state-owned, they are not seizable and the credit institutions do not record them as income.

Not just about repaying the loan

Not just about repaying the loan

Also the credit refusal despite good Credit Bureau can be due to a too low salary. It is not just about repaying the loan, the consumer must also be able to make a living for a living. To this end, the EIB will prepare a budget showing the state of budget revenue and expenditure.

With good relationship between the two positions, a loan can be granted. A credit exclusion despite good Credit Bureau can take place even if the client has an appropriate salary, but still has to process other loans. This alone does not necessarily lead to rejection, but the loan amount, the installment amount and the duration of these loans plays an important role.

After all, a house bank wants her borrowed capital back. If the lifestyle of the consumer is limited by existing loans, the loan is co-condemned despite the good Credit Bureau. If a loan is left out, not only remain unemployed or Social Welfare recipients. The self-employed and freelancers are difficult to get a loan.

It’s too dangerous for the subway. If, on the other hand, you take a self-employed medical professional with a solid circle of regular customers, the credit situation is different. A loan is approved solely on the basis of its job profile. Even a rejection of the creditworthiness despite good Credit Bureau can occur if the customer receives sickness benefit.

From the sick pay off the house bank goes out that the borrower is not a simple rhinitis, but already has a serious illness. It then raises the legitimate concern of whether the customer can resume work after expiry of the sick pay or if he becomes unemployed. In the case of a credit denial despite good Credit Bureau, some borrowers often help in eliminating a funding shortage.

If the house bank has not yet set it up, the customer can apply. If his account looks good, ie there are no payment irregularities, the house bank could approve a disposition. However, current account credit is one of the most expensive to date. In the case of a low return, the appointment of a guarantor in the case of a credit denial despite creditworthiness may be an option.

Creditor should still know whether he can pay off the amounts due

Creditor should still know whether he can pay off the amounts due

However, the creditor should still know whether he can pay off the amounts due. It is not enough to name a guarantor and then continue to repay the loan. The borrower can not pay anymore, she does not have to take any legal action, the guarantor has to repay the loan.

It is not necessary that the house bank carries out a time-consuming dunning process. Both the Borrower and the Guarantor will pay for the loan. The guarantor must also be financially in a position to continue paying in the event of a loan default. If a loan is rejected despite a good credit rating, a competitor can also relax the situation. He is also responsible for the repayment of the loan.

If the client no longer pays, the competitor must do so. Often, the spouse also signs here, but he must also have his own income. The credit refusal despite good Credit Bureau can take place even if the borrower has a temporary employment contract, is working in a professional practice or as a temporary worker.

The borrower should know that banks have internal rules in addition to their obvious terms. This can be, for example, another loan that was paid at the same house bank. If this credit reduces the creditworthiness of the buyer, this can also be a reason for rejection. The amount of sufficient income depends on the ability to confiscate.

Reduced by the current balance

Reduced by the current balance

If the result is reduced by the current balance, the balance will be rejected. In addition, we see no security for our capital in temporary employment contracts. The customers do not know what comes after the deadline and the banks do not know it. This also gives a credit refusal despite good Credit Bureau.The borrower needs to know that if the overall credit structure is in order, the banks will approve a loan.

If the commercial bank refuses the loan, the customer can also see the direct banks in the network. Often the credit conditions are not so fix there. When a customer finds a provider, his attention should not be focused on the beneficial interest. He could put that on his loan, and he would be paid earlier.

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