More than 8 million people in Germany are overindebted. They can no longer pay their debts in full and therefore have already made acquaintance with a negative Private credit. Often, the debt builds up over many years. They manifest themselves more and more firmly in the lives of those affected and become a major burden. Not infrequently, the load can only be stripped off if insolvency is sought. The last step after a long period of despair and struggle. Because most debtors first try to get their debt under control on their own. They are re-planning their expenditures, agreeing with creditors on various repayment models, and doing everything they can to reduce the debt burden.
If only small debts have accumulated, then this may also work. With somewhat larger debts, however, this usually does not work and insolvency is the last resort. This brings not only a debt relief, but also very narrow-minded procedures and regulations that the debtor must comply with, so that the bankruptcy can be connected after six years. Among other things, no new debts may be accumulated during the period of good conduct.
Often, however, a financial injection is needed despite all this. Because life has to go on and the debtor is obliged to do everything so that as many debts as possible can be settled during the conduct phase. If a loan has to be taken up in such a phase of life, then this must be a loan despite the absence of residual debt.
Who grants a loan despite the release of residual debt?
There will be a lot of rejection in the search for a loan despite the absence of residual debt. Because no bank likes to forgive such a loan. Therefore, it is advisable to take out the loan without asking the Private credit. If the Private credit is not queried, no one notices that there is a residual debt exemption, so that it can not be included in the assessment of the loan application.
Loans without the inquiry of Private credit are given by credit intermediaries or banks from abroad. Large credit brokers such as Crediter have portals on the Internet, over these the loan inquiry and also the admission of the credit can take place despite remaining debt relief. They work with private lenders who can freely decide whether or not to support the loan.
Foreign banks are not allowed to query the Private credit and therefore recommend themselves especially for a loan despite the absence of residual debt. It would be important here that a high income from a permanent position is available, so that the loan request can be met.
Whoever awards the loan in the end does not really matter. With the help of a comparison it can be seen which provider offers the best conditions. When comparing should be paid not only to the interest. Also, the repayment terms and the service around the borrowing should not be lost sight of.
What must be considered for a loan despite the absence of residual debt?
A loan is only possible during this phase of life if the insolvency administrator agrees to it. An additional hurdle, but this must be taken necessarily so that the borrowing does not lead to a rejection of bankruptcy. Anyone who takes out a loan despite the insolvency administrator’s approval despite the absence of residual debt may lose the right to the insolvency proceedings. Then all debts would be present again and a new procedure can only be sought after many years.
The insolvency administrator will agree to the loan, despite the absence of residual debt, only if it is really necessary. Luxury items can not be financed with it. However a vehicle, which is absolutely necessary for the daily way to work.
In addition, no large loan amounts are approved. The insolvency administrator will wave a maximum of a small loan. It is also important to speak to the insolvency administrator in person and authorize the loan in writing. Verbal agreements could not be binding in an emergency.