When a marriage breaks up, at least one spouse usually needs to set up a new home. A loan during the year of separation can help in a financially difficult situation.
If the applicant has a good credit rating, many banks are willing to finance. Even with worse credit conditions, consumers can apply for a installment loan.
The most important thing – for fast readers
- Lending in the year of separation is not completely risk-free for banks
- Nevertheless, credit can be quite straightforward during the year of separation
- First apply without obligation online for your desired loan
- The software checks immediately and identifies problem solutions
Credit during separation year – financial help from the house bank
If married couples live in isolation, the partners have to take care of their own finances. If it comes to a financially difficult situation, in many cases the first way leads to the house bank.
Many consumers are a customer of a bank or savings bank for years. For a loan to be possible during the year of separation, the bank customer must make an appointment with his client advisor. As the customer is known to his bank, basically a valid ID is sufficient. Before a loan is approved at the house bank, the finances of the applicant must be checked.
For this purpose, a Private Credit information is obtained and there is a credit check. If the bank customer can meet the credit requirements, an installment loan is possible. If the credit requirements are limited, the bank customer must be able to offer additional collateral. For example, a guarantor may be named for a loan. This guarantor is checked by the bank for its liquidity. As a rule, the guarantor is liable on his own account throughout the loan term.
Online and direct banks – Credit requirements must be right
More and more consumers ask for installment loans on the Internet. This is already the case with every fourth loan.
This is often because the loans of the online and direct banks are much cheaper than the offers of conventional branch banks. In addition, the loan can be applied for from the comfort of your own home. The loan application is always put online at the banks. An easy-to-understand online form is available to consumers.
After entering your personal details, the bank collects Private Credit information. A credit check also takes place. A loan during separation year is of course possible at any time if the applicant meets the credit requirements. If everything is in order, the applicant receives a provisional loan commitment.
The verification of the identity takes place either with the postident or the videoident method. When all required credit documents have been received by the bank, a final check is made. Once the loan has been approved, the payment will be made to the specified checking account.
Credit Comparison on Creditend – Find Cheap Loans
Before a loan can be applied for during the year of separation, a bank must first be found. Due to the large number of banks that offer a loan on the Internet, a manual loan comparison is very difficult. Help get consumers on a credit portal. Creditend also belongs to these portals.
At Creditend, installment loans ranging from 500 to 120,000 euros can be compared. Credit periods of up to 12 years are possible. The loans are offered for various uses. The selection is made easier for consumers with a loan calculator.
Immediately after entering the desired loan amount, the repayment term and the purpose of use, different credit offers are displayed on the comparison page. By extending or shortening the terms of the loan offer can be changed or adjusted. The offers of the banks can be compared on the basis of the clearly arranged credit information. Once the consumer has decided on a loan offer, it will be forwarded to the application.
Credit marketplaces on the Internet – credit from private investors
Not every separation takes place without contaminated sites. With a limited credit rating, a loan can also be declined by a bank during the year of separation.
Rejected consumers can turn to private investors from a credit marketplace. Credit marketplaces are so-called peer-to-peer networks where private lenders offer installment loans to individuals. The operators of the credit marketplace act as intermediaries. These installment credits are also available from Creditend.
If you want to apply for a personal loan with Creditend, you can choose loan amounts of 1,000 to 50,000 euros. Lending periods of up to 12 years are also possible on the credit marketplace.
It is important that the information of the Private Credit contains no hard negative features. If the information includes, for example, arrest warrants, affidavits or judicial dunning procedures, it is not possible to obtain a loan during the year of separation. For light features, the loan application is made online. If the requested loan is financed, a bank takes over the contract matters.
Loans with and without Private Credit – money from reputable credit intermediaries
In the case of poor credit conditions, consumers also have the option of applying for a loan with a loan request. Credit intermediaries have a license according to § 34 c GewO and practice a brokerage activity. For every brokerage of a loan, the financial service providers receive a commission. Through cooperation with numerous banks in Germany and abroad different loan models are possible.
The intermediaries offer loans with and without Private Credit. A loan with Private Credit is interesting for consumers who have a lower credit rating. This may well be the case in the year of separation. In this case, a consumer must offer a guarantor who meets the credit requirements.
With a negative Private Credit and a good credit rating, a loan without Private Credit is interesting. For this loan to be possible during the year of separation, the applicant must meet numerous credit requirements. These include, for example, the age of majority, a residence in Germany and a fixed employment contract. Furthermore, the net salary must be above the respective seizure exemption limit.
Compare loan offers – save money
Those who have separated from their partner can apply for a loan from numerous lenders. The loan during separation year is offered to consumers with the appropriate credit requirements of branch, online and direct banks. If the credit requirements are not so good, credit agencies or even credit marketplaces often help. Due to the very large loan offer, a credit comparison for consumers definitely pays off. Just a few percentage points behind the decimal point can save a lot of money on a long loan term.