For those who have a bad credit history, obtaining a new loan can be difficult. Are you wondering how to find fast bad payers loans without guarantor? Loans Even For Bad Payers could be the solution you are looking for.
Each bank or financial company automatically checks each applicant’s credit history, if there are negative elements they are usually less likely to approve new requests.
However, taking advantage of bad paying loans is not impossible and many users apply for fast loans without guarantees. But beware there are some aspects to consider when applying for loans even for bad payers.
First, it is necessary to understand why creditors are so interested in the applicant’s historian. The reason is simple, it is used to determine how reliable the person is in paying off debts. A bad payer is obviously considered more at risk, and if the applicant’s credit history is too negative, the money provider is unwilling to accept this level of risk.
For loans to bad payers not all the reports in the databases, crif, experian etc. they are treated in the same way. For example, a payment made with a small delay will not be considered very risky as a report for a debt with overdue installments still to be paid or for protests.
Some banks or finance companies require the signature of a guarantor or co-obligation. In Loans Even for Bad Payers the purpose of the guarantor’s presence is to reduce the risk associated with the loan, providing additional guarantees. But there are other ways to make the risk lower, for example by decreasing the loan amount. The basic principle at stake is that consumers applying for fast, unsecured loans should reduce the amount to request a smaller loan, and cause the odds of approval to increase because of the lower risk.
It is not said that past debts will prevent the approval of future requests or that the absence of a guarantor makes it impossible to make a new personal loan application online / loans without guarantor. For fast bad payers the credit policies applied are different from institution to institution, therefore, even if the application is rejected, the applicant should investigate the reason for this refusal and fix things before proceeding to a new request to another institution.
An example of this is the refusal of loans for bad payers when the amount requested is too high in relation to their income, in this case it is sufficient to request a letter of release from the company that rejected the request and submit it together with the documentation for the new loan to another society.
The transfer of the fifth of the salary or pension is considered the most appropriate solution to accommodate the request of the user who needs liquidity despite being protested or bad payer. In order to access this type of financing, the user must be an employee and permanent employee or a pensioner. In the presence of these requirements, the loan will be granted easily, because the installment to be repaid will be deducted directly from the salary / pension. Therefore the guarantee is the pension payslip. Getting a loan protested without assignment of the fifth is very difficult, make a free assignment of the fifth, to find out the amount of the installment. The Loans For Bad Payers category is also a good solution for those who want to get financing but are in the position of bad payer.
As described above, for protested and bad payers the solution to obtain financing despite the previous financial problems is the transfer of the fifth.
Compass is among the financial companies that offer this type of financing, therefore they allow the applicant to obtain the required credit. By making an analysis, we found that the Compass offer is among the most convenient.
By connecting to the official Compass website it will be possible to perform multiple simulations, thanks to the calculation tool made available to users.