Credit despite disclosure – how does it work?

An affidavit is more than just an unpleasant affair that hardly anyone likes to do voluntarily or like and that you want to avoid at all costs. In general, a disclosure oath is that one or more payment obligations were not met, either because you could not or did not want to.

Get a loan

Get a loan

Normally an affidavit can only be given if it is a really long period of time during which you have not paid and it is a very high level of indebtedness. But if you are in this situation and still need money, the one question arises: is it even possible to get a loan despite the oath of disclosure?

As already mentioned, it is only a matter of disclosure if you have not complied with a payment obligation even after repeated reminders, judicial dunning proceedings, a notice of default and the subsequent enforcement order. Now the creditor has the possibility and the right, to which the payment is still due, to demand from the debtor that he deposit an affidavit. In this case, the debtor must disclose his financial situation in order to prove that he does not have the financial means to repay the sum.

A negative effect of an affidavit is that the creditworthiness of the debtor is adversely affected and from now on he will have a very hard time, for example, when he wants to sign installment agreements, sign up for a mobile phone contract or get an account with a discretionary credit.
Because an accomplished revelation oath acts like a knockout criterion.

Is it possible to get a loan despite the oath of disclosure?

Is it possible to get a loan despite the oath of disclosure?

In principle, there is no credit despite the oath of disclosure, because once the disclosure has been made, the credit rating has a significantly negative impact. Because this clearly shows that the debtor was once not able to settle his payment obligations. And every bank lends a loan only if the borrower can meet the requirements and the main criterion here is the creditworthiness of the applicant and if this is negative, banks are very rarely involved in the granting of a loan. Above all, a reputable bank will not get involved if the applicant has made a disclosure oath.

Some banks try to mitigate the risk and grant a loan despite disclosure, if the applicant can present a solvent guarantor, who agrees in the event of default of the borrower that he then takes over the payments. But you have to be aware of the dubious offers on the Internet, because here you can quickly get to the wrong offer, so you should before you take out a loan despite the oath of disclosure necessarily check everything.

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