How to take a loan so that nobody finds out?

 

From a formal point of view, the loan agreement concluded by one of the spouses without the consent of the other is valid. From January 20, 2005, banks can grant credit to one of the partners without the need for consent by another spouse. Banks, or credit unions, in the case of loans for higher sums or mortgages need the consent of their spouse. The issue is different with cash loans for smaller amounts up to several thousand dollars. If the person applying for a loan or credit will have creditworthiness, then usually the finance company does not need the consent of the spouse to grant such a loan or credit. In addition, due to banking secrecy, the debtor’s spouse will not be notified via the bank of a loan or loan taken out.

The easiest way is with property separation

The easiest way is with property separation

The easiest thing is when we deal with the so-called property separation. In order for separation to be established, it is necessary to conclude a proper agreement in the form of a notary deed. Getting married causes a joint property, so the property is half owned by each spouse – when you want separation, go to a notary’s office. With property separation, the spouses’ estates are personal and they are not responsible for each other’s debts. This is the best solution, although it does not suit every spouse and may argue for the individual with the thought of marriage.

Approval for large loans only

Approval for large loans only

Usually, the consent of the spouse is requested by the lending company when the consumer applies for a large amount of credit, including a mortgage that will be paid for many years. Consent must be given with matrimonial property, which is mechanically established with the conclusion of a civil marriage.

In summary, in the case of small rates there is a chance to get a loan or credit without the consent of your spouse. However, you should know that if the commitment is not paid, the financial company (usually the bank) will be able to demand payment from the other spouse. All because marriage results in the fact that we are dealing with a community property and all benefits as well as debts are covered by the spouses together. Unless they undoubtedly sign the intercommission, ie property separation. Property separation will allow you to run finances independently of another spouse.

Joint credit, joint responsibility

Joint credit, joint responsibility

There is no doubt as to the joint responsibility for the debt when another party has also signed a loan agreement. Often, even a wife or husband does not have to provide evidence about their own income, while a bank offering a loan can, for example, completely relying on the creditworthiness of one spouse. However, if the primary borrower is unable to pay the liability, the bank will seek payment from another, even if it had not previously been interested in its financial capacity.

Can you take a loan with a guarantor?

Often, due to a random situation, we are forced to make a financial commitment – credit or loan. Not always because of our creditworthiness, we have the opportunity to get the amount that would be satisfactory for us. There are ways to quickly pick it up. One of them and probably the most practiced is the use of a guarantor. Who can the guarantor be and what are his responsibilities and what do we really need to know about it?

Who can become a guarantor?

In fact, any working person of legal age who has the creditworthiness required for a given financial institution can become a guarantor. When applying for a loan, this person is also checked in various databases, such as the Credit Information Bureau or the National Register of Debtors. She must meet the same criteria as if she had applied for a loan herself. A person who, from the bank’s perspective, will be able to repay the liability if the main borrower stops paying. The guarantor is an additional security for the bank. It is thanks to him that credit is associated with significantly less risk. From this information it is clear that the guarantor must be checked in the same way as the borrower, so what are the obligations towards the debt?

What obligations does the credit guarantor have?

What obligations does the credit guarantor have?

The mere guarantee of a claim is a legal regulation. All provisions related to sureties can be found in the Civil Code. The document that describes exactly the obligations of the girrant is the contract that is signed with the bank. If the borrower defaults, the guarantor will have to do so. In the event that the guarantor does not pay the bailiff can seize the salary or property to settle the claim. That is why it is so important if we trust the person whom we want to devour the loan. A colleague or friend whom we do not know well can count on our naivety in this matter. It is also worth remembering that the loan guarantee we will grant will be visible in the Credit Information Bureau and due to this fact our creditworthiness will be significantly reduced. If we plan to take out a loan in the future, it is worth considering the issue of gyration.

Can the guarantor be responsible only for part of the debt?

Can the guarantor be responsible only for part of the debt?

There are sometimes such situations that for a person to be able to make a commitment on their own, little is missing. It has the capacity, for example, for a USD 20,000 cash loan, and would like to receive USD 25,000. In such cases, the resident may impose a condition that he will guarantee only USD 5,000. That is the amount for which the borrower would normally no longer have capacity. You can also specify for one of the conditions that we guarantee the amount, without interest and no additional fees. It is also important to review the loan agreement in detail. The bank should inform immediately about the full repayment of the liability. The contract should also contain information that before the guarantor is obliged to pay the liability, all other possibilities of collecting the liability from the borrower should be used.

Do loans without verification exist?

Loans without bases do not exist. Banks must check creditworthiness of potential customer in BIK. On the other hand, it loan companies do it voluntarily. Scoring does not play a significant role in loans against collateral. The main criterion for awarding money is a pawn car.

How do lenders check your credit history?

How do lenders check your credit history?

BIK, BIG InfoMonitor, ERIF, KRD – in these databases, financial institutions verify the credit history of their clients. Banks have a statutory obligation to check the borrower in the Credit Information Bureau. Loan companies do this voluntarily.

Financial institutions most often use BIK resources. It is the largest base of this type . Based on the information collected, ie the type of loan, the repayment amount, timeliness, etc., the so-called scoring. Scoring plays a key role in determining creditworthiness.

Important – loan companies attach less importance to BIK assessment than banks. Financial institutions check the bases because they want to be sure that the potential borrower will be able to settle the liability.

BIK has data on 23 million borrowers

BIK has data on 23 million borrowers

The Credit Information Bureau collects data from customers of banks, credit unions and loan companies. This is both positive and negative information. Financial institutions systematically share with BIK whether the borrower repays his liability in a timely manner. Interestingly, over 90 percent. the information collected is positive.

Information about the repaid loan disappears with the last commitment installment. On the other hand, negative data appears in BIK for 5 years from the settlement of the problematic loan.

Who grants loans without BIK?

Who grants loans without BIK?

Lite lender can check potential clients in BIK and KRD. However, it does not attach much importance to scoring. Therefore, people with negative credit history can apply for a loan. What’s more, the money will be given to people who have other financial obligations, eg a mortgage.

The most important condition for receiving a secured loan is to have a car or van (up to 3.5 tons). The vehicle at the time of application may not exceed 12 years. Interestingly, the borrower can use the car for the entire repayment period.

Important – in this type of loans the collateral is a secured car. Failure to settle the claim results in the car being taken over to the lender.

Who can apply for a loan?

Who can apply for a loan?

Lite lender addresses its loan offer to self-employed, entrepreneurs and natural persons. The lender should be between 21 and 70 years of age. In addition, he must be the sole owner of the pledged car.

The institution provides loans to those in debt without creditworthiness. In addition, applications are made without income certificates. What is more, in the case of loans for Lite lender companies, it does not require presentation of revenues.

How do you take out a loan?

How do you take out a loan?

The procedure for applying for a secured loan is not complicated. At the very beginning you must complete a loan application. In the form, first of all, you need to answer questions about the car (age, model, date of first registration, etc.)

After the application is approved, the car is priced. To this end, the borrower must meet an appraiser hired by Lite lender. It is worth noting that the company in this aspect cooperates with professionals, therefore the estimated value of the car will be market.