How to get a loan with bad credit history

More and more people are suffering from bad credit history, not having the opportunity to obtain a Bank loan. However, the bad KEY problem to solve. Below we will explain how history is negative and in this case to take the credit, and will also provide the list of banks issuing it.

Why credit history is bad

Late payments

Imagine you took out a loan for 1 year, but paid only 1 year and 1 month old. In addition, the Bank will debit you with extra interest, and are unlikely to give credit next time. Some banks are so strict about overdue payments, even 1 day delay spoils the credit history.

Some banks sometimes give enough time to manage to repay the loan for the previous month (e.g. 15 days). Even with bad history some banks give you cash or credit card, if you can convince them in their integrity and desire further time to repay the loans.

The inability to repay the loan

If you have had difficulties that prevent the repayment of the loan in full or delayed, you will have a very bad credit history.

The Bank is still, for some reason, you do not pay the loan. Most likely, the Bank will give debt collectors who love calling, nerves, and it is unpleasant.

The delay in payments

If you periodically make payments, but with a delay of a few days, you have not the bad KI (aka spoiled). Banks rarely forgive small mistakes, provided that you can convince them that it was not intentional and you tried to make a payment on time.

Mistakenly bad credit history

This situation occurs when you regularly repay the loan without delay and in full, but then suddenly it turns out that the Bank has considered your credit history is bad. It is the fault of the Bank because of an error in data or due to the delay of the service on transfers of Finance.

For example, you make the last payment on time at the end of the month, and he comes to the Bank only a few days. So you think paid off the loan in time and the Bank will consider the last payment is overdue. In this case, if the Bank will make sure that you are not involved in the delay in the repayment of the loan, the story will remain good.

As another Bank learns about the status of your story

Banks are working with Bureau of credit histories (BKI). They are required to provide information about the credit agreement in accordance with the law “On credit histories”. However, subject to written consent of the client. This consent is issued at the conclusion of the contract with the Bank on a separate sheet.

However, there is one trick: some (maybe even many) banks manage to obtain the consent of the borrower at the stage of completing the questionnaire (application) for a loan. For example, for show, in front of which will be the text that you consent to providing your credit history in the KJV, and so on. If you don’t put the box in 99.9% of cases the Bank will refuse to lend.

Therefore, when you already a negative story turn to another Bank hoping to get a loan in cash or card, they carefully check your KEY (and there is enough data) and make a decision — to give or not to give credit.

Now banks have the same attitude to credit histories came customers. If you have a tainted credit history (delays in payments, especially not your fault), some banks can go forward. If bad credit history, the Bank may or may not issue credit, or issue in harsh conditions (e.g., excessive interest on late payments, or short term maturity of the loan, or a small amount). In response, the Bank affects the type of loan that you want to take, for how long and so on. If for a Bank the risk is great, you most likely will be denied. But remember: each Bank has its own system of “rating quality” borrowers. So one Bank may refuse, and the other quietly to give credit.

For mortgage and car loans, banks occasionally still give credit, if you have a negative credit history. In fact, if the collateral is property, the Bank is less worried.

If the credit history is ruined, the credit may give, but will carefully monitor its repayment.

With a very bad credit history (unpaid debts) respecting the Bank will not give loan.

What to do to get a loan with bad credit history

To begin, we note that the data on your financial history is not always unreliable. So all is not lost. Information on your KEY you can get each of BCI 1 time per year for free.

If you see obvious errors in the data (for example, do you remember in such and such a time made the payment, and the data of the CRB there’s a delay), then immediately take a reference on the quality of execution of the debt under the credit agreement in the Bank where you paid the loan. This reference apply to the application for the loan when applying to another Bank. Also send a certificate in the Bureau where it got the information.

The certificate allows you to “get away”, giving reliable data from the Bank. Any Bank will believe such help.

If the KJV is reliable information, and you know that your credit history is bad for a reason, there are two ways to solve:

If overdue payments was not your fault and you can prove it in the attached comments to the application, the Bank will make a positive decision about you. Some banks appreciate the honesty of customers even at the stage of submission of the application.
If the delay is long, and in one Bank you are denied, you can appeal to a newly emerging banks. Some of these banks to attract new customers can close your eyes to serious problems with payment of loans. Young banks do not cooperate with all the credit Bureau, and it is likely that information about your KEY may not be among those bureaus with which the Bank cooperates.
Banks are hiding, what credit Bureau they work, therefore, to apply to the new Bank will also have a chance.

To obtain a loan is not necessary to contact the Bank. Many shops of home appliances, cars and even property offers the possibility of buying on credit. Typically, these stores do not purchase information from credit Bureau, so you can contact them directly.

Microloans

Loans to microfinance organizations is available (in most cases just a passport) method of funding. Some companies can give up to 200,000 rubles, which is an alternative small consumer loans. Compare offers and apply for a loan online.

Mortgage broker

For help in obtaining a loan with negative credit history can apply for credit broker. Some of these brokers know the confidential information of banks about what the KJV does it work, how to relate to overdue customers and so forth. Mortgage brokers earn, so can help in obtaining a loan. But there is a risk that you will be charged in advance for the help, and the Bank will eventually refuse to lend.

Refer to those brokers that charge a fee only if could help to get a loan.

Private investor

There are individuals that offer assistance in obtaining a loan with bad credit history. But be careful in working with them: they can help with money and cheat. But if they helped you, their Commission will not be small — can reach up to 50% of the loan amount