Help for those in debt

One loan and one low installment. If we were able to fund our home budget in such an easy way and we practically do not feel the consequences at all because of this, why not repeat it? In this easy way, not one person has fallen into debt, to get rid of it is not so easy.

Since we have no problem with paying the installment, the second one cannot harm us. We forget, however, that now we will have to pay not one, but two installments, which together constitute a slightly higher amount. But what have we done there and this time. At some point we fall into the so-called a vicious circle and we come to the point where our home budget doesn’t want to stretch any more and we can’t afford to pay all installments according to the repayment schedule. We are beginning to extend the due dates, which is associated with further costs. However, this does not help anyway.

 

Further payment delays

Further payment delays

We are starting to choose which debts we pay this month and which debts next. In this way, we are in arrears with payments more and more. For late repayment, banks and lenders begin to impose interest on us. These are not small, but especially in non-bank institutions. We are threatened with a negative entry in BIK and KRD, or even, we are already in these databases. All this makes our creditworthiness equal to zero. Thus, we have no chance for additional financing in the bank. Is this the end of our possibilities? Fortunately not. There is also a way out of this situation.

 

Help for those in debt

Help for those in debt

We took the appropriate steps – we began to thoroughly analyze our expenses, save money, undertook additional work and increased our revenues. Still, we can only dream of paying off all installments on time. The bank again refused us additional funding.

A loan for those in debt may be the only way to solve our problems. This is a product offered to us by institutions outside of Harry Belmond. They determine what conditions must be met to obtain a loan for those in debt and do not have guidelines imposed in advance. Besides, this is not always talked about, but the non-bank product market is intended for people who banks refuse funding for some reason. That is why loan companies approach our creditworthiness much more liberally, opening the way for loans to a wider range of clients.

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