Borrow money without BKR registrationUncategorized
The Credit Registration Office (BKR) in Tiel registers almost all loans and other financial obligations that private individuals enter into. In principle, every loan, credit card or long-term obligation such as a private lease contract for a car is registered with the BKR. There are agencies that do not register their loans with the BKR. These are mainly financial institutions that provide short-term loans. People often use the services of such companies if they cannot get a loan elsewhere.
Borrow money without BKR registration
You will receive a BKR registration when you have a loan or other credit facility. This can be a credit card or the option to be red on your checking account. In addition, long-term obligations are registered such as a mobile calling plan above a certain amount. A lender can request a so-called BKR test from the BKR to see what financial obligations you already have. On this basis, the lender can assess whether it is justified to provide you with an additional loan.
The Credit Registration Office
The Credit Registration Office (BKR) in Tiel registers almost all loans and other financial obligations that individuals enter into. Lenders can check in the register of the BKR whether someone is creditworthy and whether it is justified to provide a loan or issue a credit card. If you do not meet your repayment obligations, you provide a so-called A report. An A is then placed behind the relevant loan, so that the person consulting the register can see that you have not or not timely met your payment obligation. Based on your BKR test, lenders assess whether or not they want to grant you a loan, revolving credit or mortgage.
When will you receive a BKR registration?
You will be registered with the BKR as soon as you take out a loan. This can be a personal loan, a revolving credit, or an installment purchase. In addition, it is registered at the BKR that you have a credit card or a private lease car. Even if you have the option of being in the red on your checking account at your bank, this will also be registered with the BKR. Finally, from 2017 mobile phone subscriptions above a certain amount will also be registered. If you just meet your financial obligations, there is not much going on. However, as soon as you incur a payment arrears, an A is added after the relevant financial obligation. For other lenders, this means that you have not met your financial obligations at any time, or at least not on time. Such a registration generally lasts quite a long time, even if you have already made up a backlog and there is no default.
View your BKR registration
You can also see for yourself which financial obligations are registered in your name at the BKR in Tiel. This way you can see if the information is correct. If you have ever had payment arrears, this will also be registered. It can sometimes take years for this registration to be deleted, even if you have always met your obligations promptly. This can sometimes have unpleasant consequences when applying for new credits. It can of course also happen that an incorrect registration is mentioned. If you can prove that an error has been made, the BKR will of course correct this error.
What is a BKR assessment?
A lender such as a bank or a mortgage institution can request a BKR test to assess your creditworthiness. This also sometimes happens if you want to privately lease a car or apply for a credit card. After all, the lender wants to be sure that you can meet your financial obligations. Applying for a loan without a BKR test is possible in some cases. You must then realize that it often concerns companies that charge hefty interest rates on the loan amount. In addition, a short period usually applies within which you must repay the amount. This concerns so-called mini loans or flash credits.
Delete BKR registration
A BKR registration remains valid for several years. If a loan has been fully repaid, it will of course be removed. But suppose you have a revolving credit, this will remain registered with the BKR even if you no longer use it. Because you have the option to withdraw the money. The same applies to your credit card. If you have a spending limit, the credit card for this amount is registered with the BKR. Even if you rarely or never use the card and only for smaller amounts that you pay off immediately. Borrowing money with BKR can be a problem if you have such registrations. You can then choose, for example, to have your revolving credit closed or to cancel a credit card. If there are no financial obligations, you may be eligible for a loan or mortgage. A once registered backlog of a financial obligation generally lasts for five years. Even if there is no longer a backlog at that time.
Types of loans without BKR
The best known loan without BKR registration is with family or friends. If you can borrow money from a known person, this is of course not registered with the BKR. It is important to make proper agreements about this. Borrowing money from acquaintances is only an option if you can actually meet your obligation to repay. If not then this can lead to enormous problems.
Furthermore, you can often take out a loan without BKR from lenders that you can find via the internet. Searching for “loan without BKR” often yields dozens of results. Make sure you work with a lender who sets reasonable conditions. A towering interest rate or a repayment schedule that you are unable to meet will only make the problems worse. A third option is a so-called flash credit or a mini loan. These are also usually not registered with the BKR. You borrow a relatively small amount up to a maximum of 1500 euros, which you must then repay within a week to two months.
Where can you borrow money without BKR testing?
You can borrow money without checking your creditworthiness with the BKR or registering this loan with various online lenders. Many regular banks do not provide loans if you already have several debts or other obligations. It is only possible to take out a loan without a BKR test with a mini loan. You will usually find this on the internet. Or on informative websites about borrowing money and borrowing money without bkr.
Mini loan without BKR check
If you want to take out a short-term loan because you need money quickly, but you can also repay it quickly, a mini loan may be an option. This is a loan that must generally be repaid within 1 or 2 months. You pay a fixed amount in interest, even if you repay the loan earlier than agreed. You usually take out a mini loan for an amount between 500 and 1500 euros. In most cases, you must provide a guarantee from a person who is willing to repay the loan if it appears that you cannot meet your obligations or do not meet them on time.
Take a BKR registration seriously
You don’t have a BKR registration for nothing. In some cases, borrowing money without BKR is therefore not wise at all. Especially if, for example, you already have debts that for some reason you were unable to pay on time. Then it is not advisable to borrow more money, as you will not be able to pay this, or with great difficulty. It is advisable to pay off your debts before you apply for a new loan. If this is the case, you can of course borrow again at your own discretion.