There are consumers who have received a payment order from the responsible central dunning court. If the debtor does not file an objection on time, the order for payment will be enforced. Then a creditor can enforce his claim. A payment order not only has an impact on the consumer’s Credit Bureau, the notification also brings the consumer a negative entry and thus a restriction of his creditworthiness.
The negative entry in the Credit Bureau marks the debtor as a delinquent payer, which ultimately has a negative effect on a loan decision. If the consumer needs a loan, he has to face considerable difficulties.
Even if the consumer takes care of the dunning notice through financial compensation, he remains in Credit Bureau. He receives the note “done” but entry will still be visible for three years. However, many banks fundamentally reject a loan in spite of a payment order due to the rules they have created themselves. Even if the entry is seen as “done” or not, that doesn’t matter to the banks. The consumer was noticed negatively as a payer. Banks then remain suspicious of a loan despite a payment order.
In general, the consumer should know who wants a loan in Germany, whose credit rating must be sufficient. This means that he must have a regular income that is manageable in relation to the loan amount. If the payment behavior of the consumer is noticeable, the creditworthiness can be significantly reduced, with the result that there is no credit despite a payment order.
Nevertheless, the consumer can count on a loan despite a payment order if he observes a few things. The easiest way to get a loan despite a payment order is to name a solvent guarantor who has a sufficiently high income and a clean Credit Bureau. Anyone who submits the loan application directly with the guarantor increases their credit chances. The guarantor must not have pledged his or her income and must show a garnishable portion. The income must also come from a self-employed activity.
In addition to a guarantor, a property, a loanable life insurance, a saved building society contract or a new high-quality car are also considered security. The bank will take these items as a pledge and the owner will get them back when the loan is paid.
The Credit Bureau-free loan with a credit broker
Basically, with a loan, despite a dunning notice, the following should be noted: if the loan seeker has no permanent position and therefore only a low income and then the dunning notice, it should be considered whether a loan is the solution. However, if the loan is a must, the customer can commission a credit broker. This professional group specializes in difficult lending. They also know banks that still grant a loan in a particularly difficult situation.
The credit intermediaries have loans from abroad in their portfolio, loans that do not require Credit Bureau. This means that the bank will not inspect Credit Bureau, and the loan will not be entered. The customer thus receives an anonymous loan. Nevertheless, in the case of a loan in spite of a payment order, care should be taken to ensure that the credit broker works properly. With regard to the seriousness of the situation, many credit intermediaries take advantage of this and rip their customers off with advance costs and prepayment. Then there is no credit but many other costs that further worsen the financial situation of the customer.
The customer should know that foreign banks do not query Credit Bureau, but still take a look at the public debt register. If the order for payment is already noted there, there is no simple loan from abroad either. The extent to which these banks recognize a guarantee under German law remains to be seen or should be questioned.
The Credit Bureau-free loans, as this type of loan is called, already have higher interest rates than a regular loan. Loan with a guarantor or other collateral should then be somewhat cheaper. Since the foreign loans are mostly only given as small loans of $ 3,500 and $ 5,000, one could assume that the effort involved in providing a guarantee and the provision of real estate are too much work. The credit intermediary should also know that.
However, if the customer has no permanent position and his income comes from a state benefit such as unemployment benefit or Hartz IV, this type of loan should not be an option for the consumer either.
The bank search
In order to still get a loan despite a payment order, you should pay the payment order before applying for a loan and, if possible, in full. The entry remains in the Credit Bureau but the note “done”. This is how some banks recognize the creditworthiness. However, the majority of the banks will refuse the loan despite a payment order, and they see a loan approval as an increased risk of default. Here the consumer has to do preparatory work by looking for a provider who will grant him a loan, but this is associated with the risks of credit fraud and he should take care of his order for payment.
The commissioning of a credit broker who works seriously could be successful here. The customer does not have to go to different banks himself, but the agent does it for him. It also damages Credit Bureau again if some loan requests have been rejected.
The personal interview can be useful
Another situation for the customer arises when he can plausibly confirm to a bank that the order for payment was not lawful. He should know that claims that are not paid will persist for 30 years. The bank knows that too, but a face-to-face meeting could help. Here again the sentence applies, whoever sells well also receives something.
The opportunity to get a loan despite a payment order is made at the house bank. The customer is known there, they know their finances. If the order for payment had been wrongly issued and the customer has clarified this, the bank could agree to grant a loan with a smaller loan amount. With an online bank, the customer has no chance. An automated test procedure is usually used there, which already confirms a rejection when the Credit Bureau query is made.