Taking out of a loan with a bank
All relevant financial transactions are recorded in the Credit bureau. This applies to the opening of a checking account, the conclusion of a cell phone contract, the taking out of a loan with a bank or the conclusion of an installment contract with a dealer.
If the bills are always paid on time, everything is fine. However, if there are payment difficulties and thus payment defaults, this is also noted in the Credit bureau. These are negative entries. They remain saved until they are paid for. Then there is a settlement note, but for three years everyone can see that there have been difficulties in the past. Although a settlement note is positive, some banks still refuse a loan despite the Credit bureau entry being paid for.
Are there other possibilities
The first way in this case is the house bank. This is where the consultant knows his customers and the situation can be clarified in a personal conversation. There are real chances for a loan despite the paid Credit bureau entry. However, if the advisor refuses a loan, the search remains with another branch bank or the possibility of finding a suitable bank over the Internet. If the desired loan amount is not high, a try at Centiloan & Co can be worthwhile.
This portal is not an association of banks, but private individuals. Their goal is to invest the money profitably by lending it at a higher interest rate than the banks. The special thing about it is that the borrower can determine the amount of the interest.
The members only have to agree to this, then it will work with a loan despite the Credit bureau entry being paid for. Alternatively, a loan from abroad could be applied for. Foreign banks have no insight into Credit bureau, and many consumers have already been able to implement a loan request.