Feeling a debt collection company in the slipstream is not only uncomfortable, it is a real problem. A credit despite debt collection could break through the Gordian knot if it were approved.
We will guide you through the successful application process with information. Our debt collection guide explains when you don’t have to worry about lending problems. If the “worst case” has already occurred, we will help you with our tips to smooth the waves.
Credit despite debt collection – problem
The desire for a loan despite debt collection is not necessarily easy to fulfill. Collection agencies specialize in managing their customers’ receivables management. Your task is to collect outstanding claims using all legal means. If this does not work as desired, the collection agency immediately initiates all legal steps and tries to pledge.
Collection companies acknowledge any setback in enforcement by taking a further step to destroy their personal creditworthiness. It all starts with a pretty harmless-sounding payment request. Those who do not respond to this will dig their own (financial) grave. Because debt collection companies do not give up.
Credit in spite of collection and in a relevant amount is realistic until an entry is made in the public debt register. The sooner the debtor moves, settles the claim through payment or at least agrees to partial payment, the better the credit opportunities. At the very beginning of the debt collection process, the “tiger” is still toothless.
Simple credit procedure despite debt collection – quick action is rewarded
The debt collection company is toothless in most cases, since it has nothing but the untitled claim in hand. Most companies engage a debt collection agency as soon as they have gone through their own dunning levels. This can happen very quickly in the mail order business, since own claims management is too expensive for the mail order company.
There is still a long way to go before enforceability if debtors defend themselves through willingness to act. If nothing comes from the debtor, it is a matter of a few weeks until enforceability and a negative Schufa entry. In the first phase, the credit rating did not suffer from the score. The best prospects now exist for problem-free credit despite debt collection.
With (still) normal creditworthiness, an online loan application is usually sufficient to obtain the required low-interest loan. The reason for this is the simplified credit check procedure. The bank only checks the (still untouched) score and proof of income. If requested through Videoident, the money could be in the account within two working days.
Difficult creditworthiness – despite debt collection?
If the personal creditworthiness is “weak” before the collection process is initiated, then it becomes a little more difficult with the loan approval. In this context, it is important to reassure the debt collection company immediately. The company must grant the appropriate partial payment. This at least frees up the time to find a serious loan offer.
Loans despite bad credit collection could come from “risk-taking” banks. It can be expected that the bank will request extensive documents and, above all, the bank statements for the credit check by hand. Despite debt collection, of course, she does not want to grant a loan. It is therefore helpful if the payments to the collection company come from a current account other than the applicant’s salary account.
The auditor also does not want to see that chargebacks appear on the statements during the audit period due to insufficient cover. The tests are usually carried out retrospectively for a maximum of three months. The examiner is not interested in what was before.
Credit for debt collection – emergency loan to maintain liquidity
It is often not the large sums that require a quick loan despite collection. There are situations in which fast liquidity is urgently needed to pay the electricity bill or make the partial payment. If the checking account fails as a credit option, a microcredit could eliminate the liquidity squeeze despite debt collection or bad credit.
More and more providers are now granting microcredit. Lite Bank or the Cream Bank are examples of this. The loan amount can be between 100 USD and 1,000 USD. The providers specify between 30 days and a maximum of 90 days. The useful thing about microcredit is that it is possible to lend with bad credit, despite debt collection and even with low income.
Despite the debt collection, no applicant has to wait long for the microcredit. Cream Bank grants your customers the credit emergency call for 100 USD practically automatically and in real time. Lite Bank could apply for up to 500 USD with 30 days as a first-time loan despite collection. The money can be in the account within 2 days after receipt of the application. Existing customers have the option of a 30-minute loan.
Debt collection compensation – installment loan from private
Constantly feeling the breath of the “collectors” of a debt collection company behind is not a nice feeling. Debt rescheduling could bring a clear line to finances again.
Despite debt collection, a loan would not only be conceivable from commercial providers, but mostly more uncomplicated from private donors. By applying for a loan on Good Finance or Best Lender, investors would be approachable in a reputable manner.
We recommend that you apply for the loan through Good Finance despite collection. The portal not only offers access to personal loans, but also loans from banks willing to take risks.