The loan for debt restructuring despite credit bureau is an economically sensible loan, as it reduces the long-term costs for the borrower, which increases the creditworthiness and reduces the risk of default. Debt restructuring is a common process in credit, where a new loan is taken out to replace one or more old loans.
The loans to be repaid must still be active
Meaning that their term has not yet expired so that debt restructuring can actually be implemented. In particular, companies regularly use debt rescheduling for loans with very high sums, since depending on the adjustments to the key MCB interest rate, interest rates on the conventional credit market may also change.
A slightly changed interest rate can quickly make a huge difference with a sum totaling millions, which is why debt restructuring is largely indispensable for companies. Nevertheless, private individuals can also benefit significantly from a loan for debt restructuring despite credit bureau, provided that the terms of the newly taken out loan are actually significantly better than those of the existing loans.
What needs to be considered when rescheduling?
The debt rescheduling only makes sense, of course, if the current loan or a single current loan can be paid off in full, without having to adhere to the originally agreed term. While this is the case with most loans, it is by no means a matter of course, which is why this fact should be clarified unequivocally before taking out another loan. After that, the credit market has to be explored in detail for a loan for debt restructuring despite credit bureau.
Not all lenders offer credit bureau-free loans, and of course income also continues to play an important role in borrowing, because this is ultimately used to pay the installments. In addition, the borrower should not have missed an installment or not paid the full amount of the existing loans, otherwise rescheduling could quickly become problematic, as the new lender would lose confidence in the borrower in advance. The bank would then have to calculate with a higher default risk, which not only makes borrowing more difficult overall, but also worsens the conditions.
It’s worth comparing
If the loan for debt restructuring is taken up despite credit bureau, a previous comparison cannot be replaced. After all, rescheduling is supposed to make as much economic sense as possible, which is why the new loan should actually have the best possible interest burden and possibly no fees. The exact details of the repayment, the monthly installments and the total cost of the loan can be found in an independent and non-binding loan comparison.
The use of the comparison calculator is also always free of charge for reputable portals, since these are financed through commissions from the individual banks when the brokerage is successful. The additional acceptance rate supplied by the individual banks is advantageous for taking out the debt for debt restructuring despite credit bureau, since it allows targeted selection of providers who also accept people with a slightly poorer credit rating.