Sometimes it can happen that for some reason the loan installments can no longer be serviced. An entry in the private credit checker card index, collection of the claim by debt collection companies and the bailiffs in the house are the result. If you then agree to a repayment with each creditor, you may only work to pay the installments. These add up and in the end are higher than your own income.
Foreign loan as debt rescheduling despite poor creditworthiness
It is possible to pool the liabilities and pay only one installment to one creditor. In this case, taking out a loan for debt rescheduling is an enormous relief. With this it is possible to repay the debt and then repay this loan in installments. If a debt rescheduling is requested without consulting private credit checker, then only foreign credit companies are eligible for the said loan. However, it must be noted that loans are only granted to employees who have been in a job subject to social security contributions for more than 12 months and are employed for an unlimited period.
Personal loan as a way of debt restructuring
Debt restructuring in Germany is not possible without a private credit checker query because the score plays an important role. If a good score can be proven, a loan application at portals that mediate personal loans is recommended. However, you have to be prepared for the fact that the matter can drag on, as this is done in the bidding process. However, it is still advisable to try it, since the lending guidelines and conditions are usually better than those of a credit bank.
Credit from a credit bank as a way of rescheduling
If you decide to reschedule a credit bank, it is advisable to get a reputable credit broker to help you. Many German credit banks offer a debt rescheduling loan despite poor creditworthiness, but unfortunately this is not easily recognizable. The credit intermediary knows the credit banks and can help you find the right loan.