Can you get a microloan with open arrears in Bank X if you apply for a second loan there or in Bank Y? Understanding this will help understanding what credit history is and what it affects.
Only a good credit history gives you the opportunity to get a loan anywhere
Surely those who have dealt with bank loans more than once or twice have heard of the so-called credit history. Each person, even if he never took loans, has his own credit history, data on which can be stored in one of the credit bureaus operating in Ukraine. Those who do not use loans from financial institutions have a zero credit history. And, unfortunately, the lack of data in the credit history for obtaining a bank loan can turn out to be a problem: the fact is that, without knowing anything about you, the bank simply can immediately refuse to grant you a loan, since it is not clear how you will behave in a situation, if there are financial difficulties with repayments of the loan body and interest on it.
Those who always pay all debts on time have a so-called good credit history. If in the past there were delays in repayments of the loan body and interest on it, and also old debts remained outstanding, then such a borrower has a bad credit history. Potentially bad credit histories also include relationships with a financial institution if you currently have current loans (the term they took has not yet expired) and you have late payments on them. Overdue payments data eventually get to the credit bureaus, and this affects yourability to take loans in other places in the future (the exception is the data until 2009: debts on loans taken before this time were not recorded in credit bureaus. So, purely theoretically, it could be “lucky” if your old financial “sins ”Were more than 10 years ago). So, we find out how and where to get a microloan with open arrears?
The bank will not give credit to the owner of a bad or zero credit history
As you already understood, for those who take a loan for the first time, the bank may be refused (but this is not necessary, of course, it may just take more time to work with a potential borrower from the credit commission). If there is no time to wait and risk that the bank still refuses, then look for material assistance is elsewhere. For example, it can be a pawnshop or a credit company. If a pawn is required from you at the pawnshop, then when contacting a microfinance organization, for example, the international credit company we, you can guaranteedly count on a microloan of up to 15 thousand dollars without guarantors and collateral. Moreover, we will give without fail a microloan on a card with an open delay, that is, those borrowers whose credit history for the bank is considered to be deliberately “bad”.
How to take a microloan with open arrears?
If you have loans from banks and MFIs for which you still have to make payments, and also possibly have late payments, do not be afraid to apply for new financial assistance, which, by the way, may close your past-due debts.
Regardless of whether you have arrears and there are one or several such problem loans, there is a way out: contacting the microfinance organization we will give you the opportunity to get a new loan. From you, you only need to provide passport data and TIN. We are loyal and fast – the decision to provide you with a micro loan will not be affected by the presence of past due loans in your credit history. In addition, you have the opportunity to get a new loan, even if you still have an outstanding loan taken earlier in the same MFI.