It is becoming increasingly common to be faced with the refusal of requests for funding, especially from 2008 onwards, due to the economic crisis, the lending institutions are increasingly “defensive” in the granting of credit, it can therefore happen to receive waste even if not it appears in the list of bad payers. What are the causes of this waste?
Loans despite bad payers
The first reason, of course, is to be included in the list of bad payers because previous delinquencies. In this case, it is really difficult to think that another lender can grant you the loan, because your loan history is not shown. As a result, no one bothers to take the risk, as long as the previous insolvency is not cleared. If you are on the list of bad payers, the only possibility to get a loan is that of the salary assignment, because in this way 20% of the monthly net salary will be withdrawn directly from the account, but the possibility only applies to state employees or individuals employed for at least three months and for retirees, not for atypical workers.
As mentioned, it stumbles then more easily in waste which may also seem “strange.” The reasons arise due to the combination of the economic crisis with the type of work contract of the applicant (atypical or specific) which does not guarantee enough compared to the total sum requested. This guarantee perception is then further lowered by the current difficult economic situation, so we prefer not to trust rather than trust and even risk a minimum possibility of not repaying the credit. In the case of numerous insolvencies, in fact, the banks themselves are at extreme risk. The most easily refused formula is that of personal loan, because it is not tied to any well-defined purchase and therefore it is impossible to retaliate on material goods.
Applying for a loan
Take into account two conditions in particular for not seeing you refused a loan: the installment must be around 20% maximum salary (in the absence of other funding) and a salary of at least 600-650 USD is needed to hope for a good end since salaries up to $ 460 per month are considered bare subsistence. If you have other active loans, even if they are regularly paid, these can affect the valuation because if you add up to the previous ones, the risks of insolvency increase. It is better to wait, then, for an end to the substantial funding before moving on to others.
Be careful with these factors before applying for a loan to any credit institution, because any refusal is registered and the other financial parties you contact will see the previous loan application rejected and be automatically made to do the same. In the case of new requests after a refusal, let the refusal pass at least 45 days, to be sure that in the meantime the report is canceled .
Finally, the possibility of also bringing guarantors for the loan request increases the chances that the loan will be accepted, always keeping in mind the valuations previously exposed.