Those who are in debt are not only plagued by a guilty conscience, but not infrequently by the worry that the amount of debt will increase. Because if bills cannot be paid and reminders land in the mailbox, the total increases with every further reminder. In fact, it often happens that the fees for lawyers, bailiffs, reminders and processing fees exceed the original amount.
A permanently overdrawn checking account also contributes to further indebtedness, because the interest on the overdraft facility is often 15 percent or more. Overdraft interest is even added. Anyone who cannot manage such debts on their own within a short period of time or the creditor does not accept payment in installments needs rescheduling with a Credit Bureau entry. Because the Credit Bureau entry should already exist for permanent liabilities.
Check Credit Bureau yourself
However, it can also be worthwhile to simply request your own Credit Bureau information directly from Credit Bureau. This has even recently become free of charge and can also be applied for online. If there is actually no Credit Bureau entry at all, it is advisable to negotiate a normal loan with the house bank or to search for a normal loan in the online loan comparison.
Because a debt rescheduling with Credit Bureau entry is usually somewhat more expensive than taking out a loan with the normal Credit Bureau procedure. This is because banks at home and abroad, as well as credit intermediaries who offer a Credit Bureau-free loan, have to compensate for a higher risk with slightly higher lending rates. Nevertheless, it can be worthwhile for you if you only consider the example with the 15 percent interest pa of the overdraft facility, which is offset by a debt restructuring of 5-8 percent pa with a Credit Bureau entry. You save money from the first day of debt restructuring.
Debt restructuring creates an overview
Another advantage of debt restructuring is that many claims are bundled into one. It can be very stressful not to have a good overview of the creditors. Many creditors also pose a higher risk of encountering a bailiff at the front door, because with a large number of reminders and sometimes incomprehensible letters and requests, it is difficult to set priorities.
However, if you risk a debt rescheduling with a Credit Bureau entry, you can settle all claims at once and unforeseen debits from your account no longer occur. You then only have to pay one installment each month. This again leaves you room for maneuver and planning security.
Use credit comparison
If you should now decide to reschedule with a Credit Bureau entry, you can use the free and non-binding online loan comparison. This program enables you to get a quick overview of the best schufa-free loans on the net. Large and smaller credit institutions, direct and foreign banks and credit intermediaries are listed. Almost everyone accepts your request for a loan of 1000 – 25 000 USD even if your Credit Bureau information is negative. However, the other requirements of your credit rating should be correct.
A bank or credit broker will only give you a loan if you are able to repay it on time in monthly installments. A debt rescheduling with a Credit Bureau entry is only possible if your monthly income exceeds the monthly expenses. You should have a permanent job, be of legal age and reside permanently in Germany.