Are you looking for a loan in your account despite a direct debit? A bank has already rejected your loan request because of the direct debit? We cannot give you high hopes. Especially when you need a loan quickly, it looks bleak in most cases. On the other hand, there are certain case groups in which chargebacks are not an obstacle to lending.
Read the conditions under which a loan is in principle possible despite a direct debit.
- 1 Sufficient income as a prerequisite
- 2 credits after chargeback – unauthorized debits
- 3 Return debit due to carelessness
- 4 Conclusion and requirements for a loan despite a direct debit
- 5 Who grants credit despite a direct debit?
- 6 Credit without credit check despite return debit
Sufficient income as a requirement
Before each loan, the bank checks the income and assets of its credit customers. Whether the income is sufficient for lending depends on the bank’s individual lending guidelines. Basically, the following applies: The net income must be above the garnishment-free limit so that a garnishment-free salary component can be assigned to the bank for security. The borrower must also be able to afford the monthly installment.
After deducting all living expenses, there must be an amount left to pay the monthly loan installment. Why are banks so suspicious when they use the bank statements they provide to identify direct debits? The reason is obvious. Return debits signal payment problems, if not over-indebtedness. The bank believes that the required economic capacity to service the loan is lacking.
Return debits are an indication of an excessive credit risk for credit institutions. By no means wrong. As a rule, there are no direct debits if the overdraft facility granted has not yet been exhausted. Banks carry out the direct debit. Problems only that lead to a direct debit are only if the disposition framework is exhausted or overdrawn or if the bank has not granted overdraft facilities. Both facts do not necessarily speak for the reliability of the applicant’s payment.
From the borrower’s point of view, return debits are also a warning signal if they indicate excessive debt. If liabilities can no longer be covered with current income, there is overindebtedness. In such cases, further borrowing is dangerous. Paying off loans with credit leads directly into the debt trap. So if you are in such a situation, a loan is the wrong way despite a direct debit. Rather, comprehensive advice with debt settlement is necessary. It is offered by debt advice centers, consumer advice centers and specialist lawyers.
Loans despite return debits should only be applied for if the return debit was unjustified or was caused by carelessness and not due to continued inefficiency.
Credit after post-debit – unauthorized debits
Anyone who gives a power of attorney risks direct debits even though they are not authorized. There can be a number of reasons for unauthorized debits. Unauthorized direct debits due to criminal acts happen, but are rare. There are often disputes about the justification of the claim. The dispute can be pre-judicial or judicial. In such cases, the account holder will want to cancel the debit.
The technical term for this is “credits after chargeback”. Account movements that are connected with these processes may not be interpreted during the credit check at the expense of the borrower. If this does happen, a clarifying discussion with the lending bank is recommended. The bank will then no longer see any hurdles for lending. The situation is somewhat more complicated if the outstanding claim already appears as a negative feature at credit check and other credit agencies.
Disputed outstanding claims may not be entered. Registration is only permitted if the creditor has issued two reminders and announced a credit check entry in a letter of formal notice. In addition, the debtor must have accepted the claim or at least not disputed it. If you find that an open but contested claim has been entered in the creation file, the correction process must be started.
This requires not only a correction request from credit check, but also the participation of the person who arranged for credit check to be registered. This can also be a collection agency. Correction requests for outstanding receivables are not straightforward. If you discover unauthorized credit check entries in connection with a loan despite a direct debit, you should seek advice from a consumer advice center or from a specialist lawyer.
Return debit due to carelessness
Return debits can occur due to unforeseen events or carelessness. The creditor, for example a telecommunications company, collects the monthly amount one to two days early. The employer transfers the salary late, perhaps because he himself is struggling with liquidity problems. An invoice was forgotten that only leads to a direct debit twice a year. Because of this, there was not enough cover on the account. A larger amount of money, for example from a securities transaction, is delayed. The account holder had expected to receive the payment earlier, so there is not enough money in the account to pay a certain invoice.
There are many such examples. In principle, such misfortunes can happen to anyone. They are explainable and should not actually lead to a loan refusal. However, there are two things the account holder needs to look out for. The payment must be made up immediately, unless there is a dispute about the legality of the claim. If this happens to you, contact the creditor immediately. Acknowledge the claim and promise immediate payment.
If you have already received two reminders that you have not responded to, you will also contact the creditor and make the payment. In this case, credit check could come into play if the creditor has already notified credit check outstanding claim. If the claim is not yet titled up to 2,000 dollars, you can have a credit check entry deleted by payment within six weeks. To do this, however, you need the participation of the creditor, which he is obliged to do.