Credit despite completed credit entry
Anyone applying for a loan must expect that the bank will query the corresponding credit entries. In contrast to some other advertisement in Germany there is no credit without credit.The credit (protection association for general credit protection) collects data about all citizens of this country over the payment morality, covers checking account, notes credits, gives information about the payment behavior of the borrower and also saves negative entries such as a reminder or an open invoice. But what impact do negative credit entries have on a loan request?
Credit despite the completed credit entry
With negative credit characteristics, a loan request from German banks is almost hopeless. Some banks even refuse a credit on the current account, if an invoice was not paid on time. However, if the due invoice is paid, credit is obliged to place a notice of execution behind the negative entry. Before the complete entry is deleted, it remains for three years for all visible in the credit. It is now up to the bank to approve a loan despite the completed credit entry.
Normally, a completed credit entry basically means something positive. However, the bank sees that there have been problems in paying bills or installments in the past. Although the entry is considered done, such an entry does not provide a good relationship of trust. It can therefore happen that the bank does not approve a loan despite the completed credit entry.
Credit despite completed credit entry at foreign banks
If the possibility with German banks fails, there is still hope for a loan from abroad. The loans known under swiss credit are debt-free and are issued by banks from Switzerland. These are not interested in the credit, but the bar for the awarding of a loan is very high. A loan is only granted if there is a permanent employment relationship, the employment relationship is not temporary and the loan seeker has a certain income.