What can you do if you receive an enforcement order? Is it even possible to get a loan despite an enforcement order? If you receive an enforcement order, then it is usually already too late to act. It would be better to meet with the creditor at the right time and agree on installment payments. Because by a installment you could have avoided a negative credit entry. A credit despite an enforcement order is very difficult to get.
But can you still get a loan despite an enforcement order?
If you yourself are affected by an enforcement order, then there is still a chance of a loan despite an enforcement order. For example, you can get a loan without a credit check from a bank. The advantage here is that no data about the credit be queried and the loan is also not registered with the credit. Nevertheless, one must meet one or the other requirement with this variant and in the maximum case, one can receive a maximum of 3,500 euros.
What are the requirements for a loan despite an enforcement order?
On the one hand, if you want to apply for a loan despite an enforcement order, you have to be of legal age and have German citizenship. Furthermore, you should have a regular income, which you can also seize in an emergency. You also have to be in this employment relationship for about twelve months and you can not be temporary. If some income always goes into a German checking account, then you can try to get a loan despite an enforcement order on the Internet.
In principle, you can not apply for a credit-free loan directly from a bank, because the application must be made through a credit intermediary.
Therefore, it is important to find a reputable and favorable credit intermediary.
Because on the Internet there are a variety of providers and not always are all serious. That’s why you have to compare exactly the terms of the contract. For example, it is rather dubious if the credit intermediary requires a commission in advance. Because this provider only wants to collect the fee and the credit intermediation will never take place. But interest rates can vary from one credit to another. Therefore, one must pay close attention when comparing that one compares the so-called APR with each other. Because this contains all important costs but without the agency fee.
If you have decided then for a credit intermediary, then you just have to fill in the application form and submit it online, then you will then get the loan documents sent by mail. All you have to do is sign it, enclose the necessary documents and send it back. Usually you have to settle the last three pay slips and a copy of your ID card. As soon as all documents are with the bank and were checked, the disbursement can already take place and either cash or on the aforementioned account.
All in all, you have to be well informed and compare all offers so that you can find the right offer and not get into a scam. Because even if one is affected by an enforcement order, that does not mean that you can not get a loan.