Loans with a bailiff at your home – what requirements, formalities, collateral are required?Uncategorized
Life on credit has become synonymous with our time. Unfortunately, not always and not everyone manages to pay debts, and this often leads to court and later bailiff execution. People with a bailiff will not get a loan from a bank or from most loan companies. Having a bailiff and wanting to take out another loan, there are still companies that offer this type of loan. Nothing, however, is free, because such a loan not only costs, but requires additional security.
Although the loan offer with the bailiff is poor, there are companies that offer formalities at the client’s home. Is it worth it? Is it worth adding additional costs, with already considerable debts? And should a person with a bailiff think about another loan at all?
What affects getting a loan from a bailiff?
Companies offering loans with a bailiff at the client’s home and online check clients thoroughly, especially for loans that are not additionally secured. Therefore, you should prepare documents confirming your income, type of employment, related to the collateral, eg real estate, as well as the current financial situation. Each application is considered individually. Some factors have a positive impact on customer rating.
Permanent employment – some of the companies offering loans with a bailiff require a permanent employment contract. For people working on a temporary contract, the promise of employment is the way out. Other acceptable sources are: retirement, less often activities. And it is definitely harder to get a loan, having a bailiff, with a junk contract (for specific work / commission).
Good earnings – they are one of the key elements in assessing the creditworthiness of a client with a bailiff. Therefore, before submitting your application, you should think about additional work that will increase your monthly income.
Permanent registration – the address is no longer necessary in the proof, but it definitely makes it easier when you want to get a loan from the bailiff.
No arrears in rent, utilities – above all, this is important for loans with a debt collector.
Owning a property – increases the chance of getting a loan from a bailiff.
Real estate loans without income verification?
Looking through the offer of loans against real estate, land, one gets the impression that they are available to anyone who has a flat, house or plot. And even in principle does not have to be the owner, because the property can be owned by another person, it is enough that he agrees that the property was a collateral.
The offer of real estate loans is very tempting, because many of them, as you can read on the websites of lenders:
Does not check BIK,
Does not look in BIGs,
Does not verify income (without certificates),
The amount of debt is not important,
For persons with bailiff’s execution,
Without the need to submit certificates of non-arrears to ZUS and US,
When deciding on a non-bank loan against real estate, you should be aware that the lack of repayment is tantamount to losing your roof over your head.
Are non-bank secured loans secured?
While such a loan will be repaid on time, it is safe. Stairs start when the installment is missing, then the next and the next. Unfortunately, in the event of default, the lender will take over the property without much trouble.
When taking out a loan against collateral, you must also be aware of what percentage it will represent of the value of your property. In most loan companies it is from 50 to 60% of the property value. Which, in the event of non-repayment and takeover of the property, means that the apartment is for half free. Therefore, if there are doubts about repayment, then a loan with a bailiff against real estate is not a good idea.
Other types of collateral for loans with bailiffs
The most common collateral is real estate, but it can also be a car, securities, bonds, life insurance. Some require a resident who is financially sound, has property, and a borrower’s handrail.
Loans with unsecured bailiffs
It is difficult to get a loan with a bailiff in the amount of a few or several thousand dollars. Finding a payday loan while taking a bailiff is a challenge. Most loan companies, regardless of whether they offer installment loans up to several thousand dollars or payday loans up to several thousand dollars, check clients in BIK, and all in BIGs. Information on debts arising from outstanding loans discredits at the start, the chances of a positive response are small.
A loan with a bailiff at home or online?
A loan at the client’s home has many advantages, but there are also darker sides. It is not necessarily a good choice for people with bailiffs.
Advantages of the loan agreement signed at the client’s home:
· You do not need to have a bank account – money paid to your hand (which is important when the bailiff seizes a bank account),
· Forms are completed by an adviser,
· Convenient date of the visit, adapted to working hours,
· Saving time.
All you need to do is be prepared, ie have your ID card or earnings certificate handy. And in the case of a loan against collateral, necessary documents regarding the property.
But people with bailiffs should keep in mind the less-favorable side of home service loans:
· Higher costs than loans via the Internet (you often have to pay extra for a consultant’s trouble),
· The need to inform the household members about this fact, and not everyone, especially those with a bailiff, want to brag about making another commitment.
Loans with a bailiff at the client’s home are convenient, because the client does not have to do anything except prepare the documents and sign the contract. However, home service costs are quite high, so it’s not always profitable. Especially if you have a bailiff and a difficult financial situation, choose the cheapest solutions.
Before you sign the contract
With a debt collector and debts of thousands, it is difficult to think and behave rationally. And only by acting cool and calculating what pays off and what does not, you can get out of the debt loop. People in financial difficulties looking for a loan are an easy target for scammers.
Therefore, if you are looking for a loan with a bailiff:
· Consider the offer of known companies only,
· Read the opinions of the company’s clients (search the forums),
· Check the costs carefully,
· Do not pay anything before signing the contract or after (self-respecting companies do not charge high initial fees for processing the application),
· Do not borrow from private individuals, from online advertisements,
· Read the contract carefully
· For loans against collateral, think twice.
With a bailiff, another loan can be the proverbial nail in the casket. Before you enlist it, consider all other options. The next commitment does not reduce the debt, on the contrary, it will not only increase it, but will extend the recovery period.