How to buy back credit after a banking incident?
It is not impossible to apply for a loan buy-back after a banking incident . Your file can be completely successful if you have already had several banking incidents, whether these be problems following a payment by check or by bank card. Credit consolidation, like other solutions, can be an answer before the situation becomes even more complex, and payment rejections multiply.
How to request this help? What are the steps to take? Reply.
Credit redemption and banking incidents
Bank incidents refer to problems that arise in a transaction carried out via a bank account with insufficient funds . Thus, if you do not have enough money on your account, then the holder bank may refuse to make the desired payment.
- If you have issued a check, it will be refused, and the person to whom you have made the payment will not receive the money.
- If you make a payment by card, it will not be successful due to lack of funds. You may find yourself unable to pay at a store.
Banking incidents generally result in fees charged by your bank. If these multiply, and you have difficulties in having a balanced budget, then you can request a loan buy-back request.
Indeed, banking incidents are not blocking to make a request for loan consolidation . What matters is to do everything to prevent the situation from getting out of hand:
- If you have had banking incidents in the past few months to which you have provided a solution, then this will be taken into account in the study of your file.
- If you settle these banking incidents quickly, you show your will to find a solution!
What about banking bans?
If banking incidents multiply, and your financial situation becomes no longer tenable, then this can lead to a banking ban. You then switch to over-indebtedness, and you can even be registered in the Central Check File (FCC) of the Lender Bank or the Personal Loan Repayment Incident File. The problem is that once the filing is done, it is no longer possible to request a traditional credit buy-back.
The duration of the registration is 5 years for characterized repayment incidents, and blocks any procedure for requesting loan consolidation … It is therefore important to act quickly if your situation becomes complex and presents some banking incidents, in order to avoid the ban, which is more blocking and penalizing for your finances.
What response to financial difficulties?
In case of banking incidents, do not wait until it is too late before asking for a solution. It is important to communicate your financial difficulties, and not to be alone with your problems. Do not persist in a frozen financial situation. Your financial difficulties may be temporary or more lasting, linked to your personal or professional situation … the important thing is to speak with an advisor to find an answer adapted to your profile.
Do not wait for your file at the Lender Bank to ask for help.
You can ask a loan buy-back specialist before your situation turns into over-indebtedness. The repurchase of credits can be an adapted response , just like the renegotiation of the conditions of certain current loans, but also the request of the delay of certain monthly payments of your loans.
Apply for a loan repurchase after a banking incident
The request for a loan buy-back in the event that you have already had to deal with banking incidents is no different from a usual request. You will have to communicate personal information, but also details related to the state of your finances, by including documents that refer to the famous banking incidents.
Bring proof of your good faith and your willingness to get out of this situation, and your file can then be defended, which will solicit the various partner organizations with which we work to offer you a solution.