If the debts become so big that they are no longer manageable, then these often lead to an affidavit. In the levy one reveals his debts and states that one is destitute and therefore bankrupt.
Since the affidavit is also registered in the credit bureau, each bank knows when taking a loan, that there are these problems. The banks will therefore never agree to a loan despite affidavit. If this loan must or must be taken despite all this, it must be looked for a suitable way. And this is not necessarily easy.
The possibilities of a loan despite affidavit
The possibilities of a loan despite affidavit are very limited. For in principle, a loan in Germany with an affidavit is only possible if you have a solvent co-applicant who takes the credit in the best case alone. This is the only way to avoid the bank being aware of the difficulties. If that is the case, it is very likely that she will reject the application for the loan despite co-applicants. Too big is the fear that the money from the loan can not be repaid.
Another option for taking a loan in spite of affidavit can be found abroad. In Switzerland and also in Liechtenstein, there are some banks that lend to foreign customers. These are small loans up to a maximum of 5,000 USD, which are also approved without the inquiry of credit bureau. This means that these banks are unaware of the affidavit. In order to be able to benefit from a loan from abroad, however, one must be able to demonstrate a good and, above all, fixed income.
It must come from a permanent position and be so high that all monthly expenses as well as the loan can be repaid comfortably. This is where the problem can be. Because by the affidavit, one announces that one has its costs under control and outstanding amounts can not settle. This actually means that the income – if one exists – is not high enough. It is therefore important to look carefully and to what extent such a loan or loan would be feasible.
First reduce debt
Anyone who has already sunk so low that he had to submit an affidavit, should not actually take a loan despite affidavit insurance. After all, a loan can in many cases no longer save what has already been bad for many months or even years. If the debts are already so high that they are no longer controllable, then the way to debt counseling is always the better way. There you get help and ways out of debt are shown. Paths that do not lead through a bank but in many cases through bankruptcy. What might sound harsh at first, brings the hoped-for rescue for many consumers.
Because after six years, in which you have to limit yourself a little and live modestly, the debts are all gone and you can start again. With a repayment of debts one is usually not so quickly debt free. In addition, you often have to forego significantly more money with a repayment than with a bankruptcy. Because with this every month a fixed amount is left to life. And this is above the exemption exemption and the benefits of Hartz 4. Who goes to work, will also have some of the earned money and can still clean up the debt.