There are ups and downs in life. While we love the highs, we’d like to ignore the lows and the inconvenience this entails. Unfortunately, it is not as easy as we imagine it to be. Because if you simply ignore financial inconveniences, you will be confronted with it at some point. And this is even more unpleasant than in the run-up.
Because debts cannot simply be forgotten. They are always present and are first reminded and then carried out. For enforcement, an enforcement notice is required, which is usually the end of a long phase of warnings and threats. With the enforcement notice, the creditor has secured his claims and can still enforce them many years later. In addition, an enforcement order leaves negative traces in the Credit Bureau, which make it impossible, for example, to take out a loan easily despite an enforcement order.
There is no credit rating
Anyone wishing to take out a loan in our country must have a good credit rating. However, this is only available if the Credit Bureau has not saved any negative entries. In the case of a loan despite an enforcement order, these negative entries are present through the enforcement order. A disadvantage that ensures that no Cream bank is granted a loan in such circumstances. Only an additional borrower can ensure that a reasonably moderate loan offer can be used.
However, not every borrower wants to take out the loan with another person despite the enforcement order. Especially not when the financial situation is very tight and you are not sure whether you can repay the loan at all. After all, the second borrower is fully liable for the loan despite the enforcement order, so that in the end you may also put the “helper in need” in financial distress.
A foreign loan is needed
In such a case, it can always make sense to think about a foreign loan. This works even without asking Credit Bureau, since foreign banks have no access to the data. The loan offers from Lite bank are particularly popular. It has its headquarters in Liechtenstein and offers small loans up to 5,000 USD. A modest sum that can move a lot despite everything.
To take advantage of such a loan offer, all you have to do is visit the bank’s website. There you can find not only all the documents for the application, but also the general conditions that this loan offer brings with it. This makes it possible for every borrower to consider in advance whether the loan offer fits and whether you want to get involved.
Incidentally, you cannot get a loan abroad without consideration. A properly high and above all fixed income is therefore essential.