Being in a situation of banking prohibition is not obvious. It is really difficult to take advantage of a favorable response for granting credit in traditional banking institutions. However, there are solutions to receive funding. Being ‘banking forbidden’ means being registered at the National Bank of Belgium. When you see a request for credit, the lending group is forced to make an appointment with this characteristic database, if you are registered, you will feel used as a risky client. Even if legally speaking, be banned bank n is not equivalent to being banned from the credit, the decision is at the goodwill of the financial body. Euro Lend works with financial ferments in credit for banned banking.
You thought it was unrealistic to find a credit agency for anyone?
Be proves you different with the help of its loan not closed to litigation you are not mistaken, to present arrears of payment or to be the object of a report with the file of the Central of Credits to individuals to the National Bank of Belgium, constitutes a brake to the obtaining of new credit. However, it is not inconceivable to find a credit agency for anyone stuck. As a broker, at, we are authorized to offer you this type of loan, whether you have a long-term registration, or that it is current and recent. For you a new financial start, developed on sound bases, to invest in a project for the future and provider of income, but especially to turn the page of your past worries, choose the repurchase of the credits at the base of your change and in some cases the loss of your payment system.
Have I, despite my census on the obscure listing, to take a new credit?
If you are practically certain the black recap and you have no real estate (house, land), you can not apply for new credit. This applies to all types of loans. As much as the lender has the legal compulsion to make an appointment with the blacklist before granting you this credit. Your old loans must, of course, still be repaid to the lender. If you still want to borrow money, you will have to adopt alternative means. For example, you can ask people living under your roof or friends to make a loan. However, it may be better to postpone your plans and try to save some money.
How to survive an over-indebtedness?
Over-indebtedness is reached when your words are beyond your means. You are appreciated as over-indebted as soon as your debt ratio exceeds the legal level of 33%. The cause of over-indebtedness is often the excessive collection of loans that inevitably lead to insolvency. This suggests that you are no longer able to repay your loans, at least in the terms agreed upon in the contracts. To overcome your over-indebtedness, you have several options. The first is to enter into negotiations with your creditors to take advantage of a development that allows you to repay your credit in better conditions. This implies having additional time or debt reduction.
You can satisfy them by submitting a recovery plan ideally prepared with the help of a mediator of the Public Center for Social Assistance. Of course, the last word goes to your creditors. When your creditors reject your proposal, you have only one last solution: create and file an over-indebtedness file.
This is a legal proceeding, kind of an amicable agreement with creditors. A loan mediator is mandated by the courts to study your case and propose its solution to the creditor and the judge. The solution may consist of a redeemed repayment schedule, debt forgiveness, or simply the cancellation of your credit. It is the judge who will finally decide on the final solution to adopt, on the advice of the mediator. Whether you have landed on the blacklisting of the Bank or you have all the creditors on your heels, you now know that there is a possibility to leave the over-indebtedness, provided you put yours.