Today, more and more people are taking loans. First of all, it is very convenient and tempting. You do not need to save money for furniture and household appliances for a long time, travel becomes available to you, moreover, not ever, but today, now. Needless to say, common sense in this case is silent, and we, not even thinking about overpayment, turn to bank employees. And here sometimes difficulties arise. One by one, banks refuse to give you cash. Moreover, the determination to receive the desired amount does not decrease, but, on the contrary, increases over and over again. Where to get a loan if they refuse everywhere? Let's talk about this in a bit more detail.
What are the causes of failure
Of course, this is a question that you need to ask yourself first. It should be borne in mind that a bank employee who accepts documents from you will not be able to provide such information. In other words, the reason is either not communicated to him, or he simply will not divulge it. He will not be able to inform you about where to get a loan, if they refuse everywhere. However, with the loyalty of the modern banking system, the reasons for refusing even microcredit should be very compelling. Today we will consider the main ones so that you can assume what exactly served such a decision of the bank and what methods of receiving money you still have.
Credit history
In fact, this is the very first reason that you may be refused to issue money. Therefore, it is extremely important to show responsibility and pay your debts on time. Today there is a single borrower base that all bank employees can use. Therefore, if you have loan overdue in one financial institution, the other, most likely, will not risk lending to you. But it is expected. Agree, if in your team there is a person who does not repay debts, then you most likely will not want to lend him even a trifle to travel, not to mention large sums. However, today our goal is to figure out where to get a loan, if they refuse everywhere. Therefore, after we analyze the reasons for the refusal, we will deal closely with this issue.
Availability of active loans
This can also cause a failure. Despite the positive story, the bank will not give money to the person if his earnings are not enough to pay off the debt. Therefore, having analyzed your income and existing debts, a loan officer may refuse you. This usually happens if you have three or more unsecured loans. Many companies simply do not provide further work with such clients, so you have to look for other options.
In principle, when there were no delays, you don’t have to rack your brains thinking where to get a loan if they refuse everywhere. It is enough to consult a bank employee about refinancing. That is, all your debts will be collected in one big loan, they will add to it the amount that you want to take, and if the income does not allow you to get a loan in this form, they will increase the repayment period by reducing the monthly payment. Of course, if your income is commensurate with the amount you need to pay.
Past conviction
This is a very serious moment. Despite the fact that a person who has served a term is released clean before the law, every time he goes to the bank or gets a job, it will pop up again. Of course, a lot depends on the article. First of all, these are “heavy” articles or fraud.In this case, when talking about how to get a loan, if they refused everywhere, you should pay attention to microcredit organizations, as well as to those banks that issue money for the purchase of household appliances and other consumer purposes. The rate will be quite high, but banks with a high reputation and rating will most likely be closed to you.
Problems with bailiffs
If there has been a trial in your history, especially when it ended with a court decision on which you owed a certain amount, then in some cases you will be refused in any banking system. However, if it was an administrative fine, and the amount is small, then the decision may be in your favor. So in this case, the question of how to get a loan, if they refused everywhere, remains open. Most likely, you will have to look for other ways, borrow from relatives or look for people who agree to act as your representative in the bank, that is, to document obligations for yourself.
Insufficient salary
This is the most common reason, because money is most often needed for those who have a small income and lack of cash. However, it is in this category that it is most difficult to repay debts later, which means it is a risk group. In each city, there are banks that give money, regardless of indicators such as the ratio of income to the monthly amount paid. More precisely, they may take note of the unofficial income you have indicated. Of course, the interest rate will be very high, it can reach 30%, but if the money is needed very urgently and the amount required is not too big, then you can well get it.
Other reasons for rejection
In fact, if all of the above does not apply to you, this does not mean that you will receive the declared amount. The bank will definitely check the credit history of your relatives. If someone has problems with payments, the institution may refuse, as it will perceive it as an attempt to solve the problem through financial manipulation. Thus, thinking about how and where to get a loan, if they refused everywhere, talk to your family and find out if they have late payments.
The presence of dependents - children, legally incompetent relatives, parents of retirement age - may cause a refusal. Therefore, if you have more than three dependents, you will not receive a loan at a good interest rate. Can play a role age (under 25 and over 55), disability, lack of seniority or any property, net credit history, a large number of applications (3 or more for different banks over the past few days).
If they still refused
First of all, check all the documents that you provided to the bank. We have listed far from all the reasons that could lead to a negative decision. You may have recently changed your passport or ID. Some banking institutions refuse people with fresh documents. They wait until at least three months have passed since they were received. This reduces the risk that you decide to change documents in order to clear your story. We will give a number of points. They also need to be observed when you want to know how to get a loan, if they refuse everywhere.
Calculate your financial opportunities yourself
The bank loves to communicate with literate and educated people who know why they need money, how they are going to spend and give it back. Therefore, even before you get to the bank, be sure to take certificates of your official income. It is very important that the papers are genuine, experts will calculate the fake very quickly. You can give away no more than 40% of your income every month, so calculate the amount and term of payment based on these data.
Be sure to enter only reliable data about yourself and your work.Be sure to indicate the work and home landlines, notify relatives who can confirm the information you provided, and take their contact numbers. In this case, you will most likely be asked for what purposes you needed such an amount. Do not talk about paying debts or treatment, renting an apartment. Better indicate the repair of an apartment or car.
Making a loan for the first time
Sometimes it’s very upsetting: you have a normal job, official income, you never took loans, which means you could not ruin your credit history, but you are refused. How to get a loan if they refuse everywhere, if you never took it before? First of all, you need to find the most loyal banking system on the market. Often these are new financial institutions that are just entering the market. They are not too demanding on the borrower, but compensate for this due to high interest rates. Therefore, try not to take too much.
Having repaid the loan on time, you can ask the bank for a printout of your credit history and apply to another one that offers milder conditions with this document. However, the option to get a loan and immediately return the money, closing the payment ahead of schedule, will not work. In this case, the bank loses profit, and, therefore, may refuse subsequent lending. At least 6 months must pass before the usual prepayment.
Credit brokers
Today, in every city there are many organizations that promise to help in obtaining loans. Therefore, when a person wants to know where to get a loan if they refuse everywhere and what to count on, he will certainly stumble upon such announcements. In fact, these companies are not trying to help you, they just make money. Their job is to try to trick scoring. This is an automatic system that analyzes all the information that it receives from you. Age and education, career progress and the presence of children, family ties with other borrowers and their credit history, gender and health, as well as many other data are analyzed by the system within minutes. As a result, a decision is made: to issue money or refuse.
How do credit brokers work? For a lot of money, they will provide you with fake certificates of your income, issue “employers” phones that can confirm these data, sell credit history statements in their own organization, and also act as guarantors. As a result, you will lose a lot of time and money, because every time you apply for a loan, the broker will charge you a commission. Having been refused, he offers to buy one of the certificates and submit documents to another bank, and so on ad infinitum. Needless to say, the analytical system perfectly recognizes the actions of brokers. Therefore, when you are looking for where to get a loan, if everywhere all banks refuse, then bypass them.
Small banks with not the most favorable conditions
This option may be the way out if a bad credit history does not allow you to get money on more favorable terms. Do not know how and where to get a loan if they refuse everywhere? Try contacting small banks. These are organizations such as Mig-Credit, Bystrofinans and others. Usually a passport is enough to get money, but for such loyalty you pay a large overpayment. You can use the services of such companies only in a situation where you need a small amount before your salary. In some cases, the overpayment will be colossal. In addition, you can ask a large bank if it is possible to get a consumer loan at high interest rates without collateral. It can also help correct your credit history and get a loan in the future on favorable terms.
Finally, the third option is to open a deposit at the bank and begin to transfer to the account monthly the amount that you plan to pay for the loan.After 6-8 months of regular replenishment of the account, you can apply for a loan and, most likely, get approval. Thus, we can summarize that you should not try to outwit the banking system and find intermediaries that will help. The question of where to get a loan, if banks refuse everywhere, is solved simply. It is necessary to convince bankers of their solvency.
