Non-Banks Credit Institutions

January 14, 2020 by No Comments

Banks are institutions that provide loans to legal and natural persons who demand debt money if they meet certain criteria. Documents requested by banks from loan applicants are generally based on the income statement. It requires a large-scale inquiry, from whether you are working or not to whether you have assets.

The main target is your relationship with banks rather than your desired income. How many successes you have had in past transactions such as the loans you received from banks and your credit card usage are among the factors that have more impact on banks’ approval of your loan. If your credit score is not at the desired levels, it will compel you to search for institutions that give credit outside the banks.

Why Do Banks Look at the Registry?

Banks cannot get a definitive result when they measure your instant payment power as of the time of loan request. Whether you are an employee or the presence of your other income will not affect whether you will pay the loan.

If you have enough cash and the ability to pay, your payments with the banks in the past will be a better reference in terms of getting the money backed by the bank, since you will not want to take out a loan anyway. In the light of reasons, banks will evaluate your loan request according to your registration note. If your bank registration score is low, it would be best to act to upgrade.

Upgrading the Registration Grade

Since the credit rating evaluated by the banks in the light of different factors does not consist of a short period of time, its correction will not be a short term operation. As a result of the bank’s trust in you again, and your relations are strengthened, a positive grade can be raised.

As a matter of banking practices, it is not possible to delete the person who was blacklisted before 5 years from the list. If you urgently need credit, trying to upgrade your credit rating will not be beneficial in the short term.

Can I Get Credits From Another Bank From The Bank?

Can I Get Credits From Another Bank From The Bank?

According to the new regulations, besides banks, holdings with certain financial powers also provide credit services. Similarly, car loans can be obtained from these companies where certain documents will be requested and criteria will be evaluated.

Since maturity is short but the amount will be low, it is easy to get credit from these holding companies in order to avoid problems on the legal level. There will be no security gaps because they are legally audited.

Alternative Loans

Another way for consumers who want to withdraw loans from banks and subsequent conglomerates, but still fail, is to request loans from small companies. In general, there is no legal supervision for these people who work locally and operate with small capitals. It will be more logical in every sense to stay away from this system, which proceeds in the form of debt of the consumer by signing promissory notes, due to high-interest rates and trust problems.

Firms such as jewelry can give credit according to the method of adding interest and maturity differently over gold. It would be a more realistic remedy to choose the chance to obtain loans in small amounts and from different institutions before resorting to these ways. In a legal sense, you will not be faced with a headache in this way. In any other way, you are considered to have accepted all the negativities in all respects.