To take a loan in spite of the minus in the account
If the account is not balanced, then this is always a very unpleasant situation. Especially if additional money is needed and this can not be found by the existing overdraft on the account. Many sufferers then consider whether they should let the account slip even more into the minuses. It would be better, however, to take a loan in spite of the minus in the account. This not only makes the planned acquisition possible. It can also be offset the minus in the account, so that no unnecessarily high penalty interest must be paid on it.
How should it be done?
So that the minus on the account does not even become a problem, the loan should be applied for as soon as possible. Because the earlier you react, the less pressure makes the house bank regarding the account balance. If you wait too long, the bank can block the account until the settlement has taken place. In such circumstances, however, it is very difficult to take out the loan, despite the fact that the account is down, as each bank will ask why the account is blocked and then no longer lends.
Before a suitable loan offer is sought, it must be considered how high the loan amount should be. Which acquisitions or plans are associated with borrowing? What are the debts on the account? Are there any other outstanding liabilities that should be included in the loan despite a negative balance?
Anyone who can repay all debts with the loan, has in the end only one creditor, with whom he must agree on the repayment. Namely the bank, which provides the desired credit despite a negative on the account.
The credit bureau counts
Many consumers are afraid that the minus leads to the account for the credit rejection. But this is not the case. Because if the minus is well controlled and has not had a negative impact on the credit bureau, there will be no problems with it. Not even when bank statements have to be submitted for borrowing. Because here is usually only seen how the revenue and expenditure over the month distribute. A negative account balance is not interested because once.
Do not take up at the house bank
Despite all this, it is not very smart if the loan is taken despite negative minus in the account directly at the bank, where the minus exists in the account. Moreover, if this is to be compensated with the help of the loan.
The bank usually earns quite well on an overdrawn account. Because the effective interest rate for the Dispo is very high. If this is balanced, the bank drops this source of income. It will therefore have little interest in providing a particularly favorable loan for the settlement and purchase of the planned objects.
It is better to take the loan from an independent bank and look for the right loan offer by means of a comparison on the Internet. A loan calculator helps with this comparison and displays all daily offers that match the search.