Apply for credit despite debt or overdraft facility + online
It is common for consumers to use credit to make their wishes come true.
Once you have the experience that a loan can be taken out quickly and that the installments are affordable, it comes to the conclusion that it is more practical if you do not have to save long in order to buy consumer goods. As long as the creditworthiness of a customer is right, the banks are happy to issue another loan despite the current credit. It is only important that the applicant’s economic capacity is given. This means that he must be able to pay the new loan from his income despite the loan that is already running.
Nevertheless, the latent danger that arises when a loan is taken out for other loans despite payment in installments should not be underestimated. If the financial situation changes suddenly and unexpectedly due to unemployment, separation from the partner or serious illness, the house of cards can collapse very quickly and the loan can no longer be paid despite a loan for the property or the modernization of existing living space. This requires a sense of proportion. Consumers are well advised if they keep an eye on their finances, compare income with expenditure and allow themselves a financial cushion with freely disposable income, at times when income is lower.
The banks grant credit despite overdraft facilities
Most regular income consumers, along with the current account, have been given a credit facility from their bank. Some banks only do this on request, but many banks automatically provide the overdraft facility. The amount of the dispos depends on the monthly income. Usually two or three times the net income. The overdraft facility makes you financially flexible because it allows the money to be spent when the account is not funded. Nevertheless, you should be careful not to slip too deep into the red, because it is often difficult to escape the dispo trap.
Sometimes it is better to take out a loan to compensate for the overdraft facility. If the creditworthiness is correct, the banks easily grant a loan despite minus on the account. Even minor payment disruptions are no problem for a loan, so that a loan is quite possible despite a direct debit. A new loan only gets a little more difficult if there have been chargebacks for previous loan commitments. On the part of the banks, return debits for installment payments are considered negative. So it may be that no credit is granted despite positive Credit Bureau because the customer has not paid properly in the past.
A similar problem arises when a customer tries to get a loan despite having completed the Credit Bureau entry. Credit inquiries are often rejected because the Credit Bureau is negative. A completed Credit Bureau entry remains in Credit Bureau for three years and has a negative impact on creditworthiness.