Obtain credit when one is banned.Is it possible to borrow money when one is banned? This is a question that often arises. A priori, nothing opposes it and the file at the RY Bank is prepared for information purposes, to prevent lenders and avoid them unpaid. They remain free to grant credit or not, even if a person is stuck. However, access to credit in such a situation is not an easy task and still need to know how to go about it.
What is banking prohibition?
There are two types of bank bans at the Banque de France, excluding debt overhangs. The FICP file includes all those who have experienced shortages or delays in the repayment of their loan maturities. At the same time, we have the FCC file which lists people who have abused the facilities granted by their bank card or who have made a blank check. There are not many solutions to be unpicked. In such a case, repayment of the debts that created the banking prohibition is the first step to follow. Once this is done, all you have to do is wait for the end of the FCC file. This involves five years of prohibition if no action is taken to remedy it.
Solutions to obtain credit when you are banned
Although banks and credit institutions are free to lend loans to people, it is still difficult to obtain credit when one is in such a situation. However, it is not impossible. For starters, there are organizations that specialize in this type of credit. However, the rates offered by this type of agency are often high and it is essential to be well informed before any subscription.
You can also try to apply for credit with a conventional lender, although this will be a more difficult task. At that time, the amount you want to borrow as well as your employment situation will be taken into account and will be decisive for the lender.
Real Estate as a guarantee for easier access to the loan
It is also possible to offer real estate as a guarantee for easier access to the loan.In the case of non-reimbursement, the property will be put up for sale so that the amount due can be recovered.
Similarly, you can use the services of a broker. Since he is a professional in the field of bank credits, he will have the opportunity to optimize your chances of accessing credit by offering you the most suitable solutions. This can be a very useful intermediary in the case of a banking ban.
Finally, if you ever found yourself in a situation of bank prohibition because of too many consumer loans (personal loan, earmarked, revolving credit …) and / or a mortgage, you can also consider a credit redemption by turning to lending institutions that offer this type of solution. A credit redemption will allow you to consolidate all your loans by making you pay a single monthly payment. You will also be able to request a certain amount of money, which will be added to your credit.