You may be wondering if solving money problems with loans offers a solution.
You hear more and more about it: solving money problems with the help of taking out a loan. With the new loan you can pay off old debts so that you do not have too many debts at the same time and so that you can avoid high interest costs or reminders. In this respect, a debt repayment loan seems very interesting: you save time and avoid costs in some cases. However, it is also very important to be careful, because you can accidentally work yourself deeper into debt. This is obviously not the intention. Moreover, taking out a loan in many cases is difficult with a negative BKR registration. We will discuss how to best deal with borrowing for debts in this article.
Where can I solve money problems with a loan?
If you want to individually look for a loan to solve your debts, then it is best to look for providers who do not perform BKR checks when providing a loan. In general you end up with lenders on the internet. These providers often provide accessible loans of small amounts, with few conditions attached. You do not have to justify yourself on why you want to borrow exactly and can therefore quickly get money for whatever reason. For example for paying off debts. However, you have to take into account that it often involves loans of small amounts, with a short maturity. Inform yourself well in advance and keep in mind that the costs are not correct, because you are unable to repay the loan on time.
Solve money problems at the GKB with a loan
The national body for assistance with debts and money problems is. If you have debts, you can go here for advice and in some cases an accessible loan in the form of a rehabilitation loan. Sanitation credit is also a new loan to pay off old debts, but under the supervision of the GKB and with more favorable conditions. For example, the interest rate on these loans is generally lower and the situation is estimated to determine whether it makes sense to conclude a rehabilitation credit, or whether your money problems need to be dealt with in a different way. An appointment at the GKB is free, without obligation and is possible without an appointment.
When is money problems with loans no solution?
If your debts are too serious or too comprehensive, or you just will not receive any money in the long run, it is sometimes necessary to divert to other solutions. In that case, you can request permission from the GKB to join the WSNP. This is the Debt Rehabilitation Natural Persons Act and is mainly awarded when a financial situation is really bad enough that no other solutions are possible. If you are allowed to join, you will have to keep your budget and a payment plan for three years and everything will be monitored. After these three years you will be declared debt-free if you have complied with the rules.
Solving money problems with loans is sometimes a solution and sometimes not, varying and depending on the situation. The best you can obtain independent advice, for example at of your municipality to determine the best way to deal with your debts.