A loan debt for self-employed was rejected
The bank often rejects a debt restructuring loan for the self-employed, if currently other loans have not been fully paid off. In this case, the best way to merge existing loans into a new loan is called loan debt. In the case of a loan debt restructuring, the existing liabilities are terminated and rescheduled with a new loan. If you have a low monthly income then you should provide collateral in the form of real estate or assets when applying for a loan. For a loan commitment from the bank, it is beneficial to have a second borrower with a good credit rating.
If all this is not there, then we help with a consultation. For self-employed persons can apply for a guarantee from the Bürgschaftsbank if the collateral is insufficient. Talk to us, we will gladly help you with a debt loan, then you can save money most of the time!
Contents Debt rescheduling Credit for self-employed rejecteda
- A loan debt for self-employed was rejected
- The most common reasons why a debt restructuring loan for the self-employed is rejected
- Repurposing expensive loans while saving money
- Remortgage loan for self-employed
The most common reasons why a debt restructuring loan for the self-employed is rejected
A loan remission for self-employed was rejected, this can have many reasons. Here are the most common reasons:
- Monthly income too low, not attachable
- Current account is overdrawn, return debits are available, bookings by collection agencies
- Negative Schufa entry
- Employment is temporary, self-employment
- The age of the borrower
A negative Schufa entry is the most common reason for a credit rejection.
Repurposing expensive loans while saving money
By rescheduling loans, you can save money every month with a loan repayment and low interest rates. With a rescheduling you can additionally increase the loan with a follow-up financing. A credit summary, also called rescheduling, can significantly reduce monthly loan rates. Longer loan periods make the monthly burden more bearable. In a credit summary, you should make sure that this is only done when a loan repayment, the monthly burden is reduced and you still save costs. For some loans, the notice period must be observed, because if a loan is terminated, the notice period should be considered.
Remortgage loan for self-employed
Is debt restructuring an alternative to a credit rejection? Yes, if the loan application is rejected because of several existing loan agreements. With a rescheduling of several loans in a loan, the borrower benefits from lower monthly loan installments through cheaper interest rates and longer repayment terms. When rescheduling, it is important to specify the exact repurchase amounts, terms and monthly installments. In addition, rescheduling requires the account numbers and bank codes of the loans to be rescheduled. If you also need additional cash, the debt rescheduling amount may be greater than the total of the existing loans.