Are you one of the people who have an entry in the debtors register? In this case, you may know that every banking and most non-banking companies consult the debtors’ registers to verify the ability to repay clients. However, there are several non-banking entities on the market that provide non-bank loans without a register, which are also available to clients registered in one of the registers.
What is the register of defaulters?
The debtor register is a term that names a list of debtors kept by some private companies. In our particular market there are several such companies that register credit defaults who have a certain debt to a lender. Even a 1-cent debt alone can guarantee anyone a place in one of these registers. The most well-known register of debtors is the Central Register of Debtors, which is used by many banking and non-banking entities, as well as
Common register of banking information. If you find yourself in one of these registers, you can still be kept in the debtors for a full month, even after paying the debt, until your record is completely deleted.
Who are non-bank loans without a register intended for and who specifically provides them?
Non-bank loans without a register are intended by name primarily for people who have an entry in the register of debtors. These loans are provided only by selected non-bank entities, which provide non-bank loans without a register of only a few thousand crowns with a relatively short maturity. We can add to these companies and non-bank entity, which also provides non-bank loans without a register.
Non-bank loans without a register – what specifically are you to watch out for?
Non-bank loans without a register have long been among the most risky types of loans on the market at all, as confirmed by the interest rate and APR, which is on average far above the standard values of current bank and non-bank loans. In addition, it is not unusual for a company to only provide this loan with a maturity of several weeks, which will make it worse for many clients in the long run.
Therefore, be sure to consider in advance whether this loan is a short-term solution to your financial problems, or earlier you prefer a longer-term solution to your financial problems.
Attention: If you decide to apply for a non-bank loan without a register from a non-bank company, be sure to read all the terms and conditions of the company well to avoid any complications that might arise, for example, in the event of an inability to repay the loan.
Benefits of non-bank loans without a register
- Also available for clients registered in the debtors register
- Express application verification process
Disadvantages of non-bank loans without a register
- Higher interest rate and higher APR
- Shorter due date
Other contributions from the section
Where can you borrow safely? Bank refuses to borrow? We have a workaround for you What is a debt trap and how not to fall into it? Even a higher amount can be borrowed without a guarantor End of 100% mortgages?