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The credit history is a file on the borrower that is brought to the moment of his first credit. All further actions with the loan, and also the subsequent loans will be reflected in this file. The document is got from the written consent credited person and is stored for 15 years.
It often happens that the financial problems are caught by surprise: money is needed for education, home appliances, business development– but the bad credit history doesn't allow to take the credit. And even then the smallest mistake in the past payments becomes fatal.
Banks will hardly issue the loan to the client with such problem, and it presents a question: what to do?
First, perhaps, it is worth addressing the intermediary. The person who is engaged in it is the loan broker – will help to find such product that can be also taken with insufficiently good payment history. The only thing is required from the borrower – to fill out an application, and the broker will consider the proposals of various financial institutions to provide customers with a list of available products. Most often, the list will be broader than the one that chose to address itself, because in addition to relationships with various organizations, the intermediary has has an agreement with the owners.
Secondly, to try to get a credit card. Usually the card with the necessary sum it is easier to get, than traditionally to address bank and to take the credit with bad credit history. By the way, at issue of maps the history isn't checked, and the necessary product is given in a short time. The decision is made on the basis of questionnaires submitted by the borrower, and the risk is offset by high interest rates.
Thirdly, to address for an urgent loan that is made out not only in bank, but also in trade institutions. The decision is made in a short time, so it is considered impossible in such a short period of time to analyze the customer's credit history. The proof of a possibility of delivery of a microloan with bad history is sufficient solvency of the borrower. The application can be seen on the reliability of contact information, and for some time a person can wait for a call to a mobile or home phone number with leading questions.
In case if there is no wish to overpay, satisfying bank on a risk case and the sum needed is big enough, you can take the credit with providing, and it is the fourth way.
This point is most protected according to the creditor so he is worth of collecting necessary documents. In fact, even banks with bigger hunting give loans with the guarantee, pledge of property or life insurance and pledge. Even with problems in the history of the credits, at observance of all rules, there is an opportunity to take such loan with insignificant percent.