How To Get A Loan If You’re Blocked
How many nights have you spent thinking about whether you can manage to push through this month? All those whose debts are hanging on behind know this feeling. In Croatia alone, there are more than 300,000 who have been blocked for defaulting on their debts.
The most common bailiffs are banks and tele-operators. It is not surprising at all because the average Croatian net salary of five and a half thousand kunas is not enough to cover even a consumer basket, let alone some additional things. For this reason, many citizens find themselves in debt arrays, which is not easy to get out of. Every day, new bills arrive and old ones are still outstanding. It is hard to not ask yourself in such a situation how to get a loan if you are blocked?
How to get credit if you are blocked
When you find yourself in such a situation, you should first make it clear and acknowledge that there is a problem. The first step to solving a financial problem is to deal with it. Make a table listing monthly income and expenses to help you figure out how much money you have and how much you need to spend to pay your debts. When you have everything on paper, you will be able to clearly see the financial situation and start solving it.
After analyzing your income, expenses, and debts, check out your options. If it turns out that you can save money during the month, by eliminating certain membership fees, supplies and groceries, try to divert the saved amount of money to repay some of your debt. That way you could gradually get out of the blockage.
If, however, the situation proves that costs are higher than monthly earnings, the debts could continue to accumulate and interest would rise. Debts in the amount of several thousand kuna can easily rise to several hundred thousand kuna. It is important to respond on time, but what complicates the whole situation is the fact that banks do not look favorably on people in the blockade. The question of how to get a loan if you are blocked is a drag on its own, but banks do not offer an answer.
How to get a loan if you are blocked: What is the attitude of the bank?
Such citizens are blacklisted, which means that banks do not consider them to be desirable clients. They simply pose too much risk for them because they cannot repay their existing debts, let alone new loans, loans and loans. Banks look at such customers through the prism of credit, and blocked citizens do not. They rely on the HROK report. The Croatian Register of Credit Obligations works by entering at the end of each month all its information on the debits of individuals and legal entities on loans, credit cards, overdrafts, leasing and liabilities as a co-debtor or guarantor. The purpose of HROK is to make it easier and more detailed to evaluate the current credit standing for each client individually so that their current financial obligations are not above the ability to repay monthly annuities.
Since it was founded in 2011, HROK has become the basis for all banks and without it it is almost impossible to get a loan. Especially if you are blacklisted.
How To Get A Loan If You Are Blocked: What Solutions Do Credit Companies Offer?
Credit institutions, unlike banks, do not rely on HROK reports and have adapted their product portfolio to a country with more than 300,000 blocked citizens. They offer a range of loans and loans designed for blockchain citizens. Maybe the debts are just the result of unpaid parking fines or a forgotten war.
Even a minimal amount of debt of just a few kunas prevents clients from getting loans from banks. How to get credit if you are blocked – is a question that arises in itself at that moment. For those on the blacklist of non-payers, credit houses allow you to borrow money. By legal means, through credit institutions approved for work in Croatia by the Croatian National Bank, they can take out loans for debtors and solve their financial difficulties. You should be aware of the various ads that offer cash. The source from which the money is intended to be borrowed should first be checked. An entire gray market of credit institutions not licensed by the Croatian National Bank has developed.
Such credit houses do not operate by the rules, but borrow money without signing a contract and paying it off in hand. While this may sound really good at first, especially when you are in urgent need of money, it should be remembered that this can have negative consequences. If the loan agreement does not exist, there is a greater potential for fraud on the amount to be repaid and the deadline for repayment.