More and more people are forced to get their financial problems under control with the help of personal bankruptcy. Excessive debts that can no longer be paid off in installments force them to do so. Private bankruptcy is accompanied by six years of abstinence and thrift. Only when this phase of good behavior is over can you look back in the future and plan and reorganize life. But what happens if you want to take out a loan after this time? Is there a loan after the debt relief? And where?
The Credit Bureau creates problems
Even if personal bankruptcy is a good way to effectively and consistently eliminate debt, it does have some disadvantages. The exemption from residual debt relieves the debtor of their debts. But only on one level. Because in the Credit Bureau exactly this residual debt relief is noted and rated as a negative entry. If you go to a bank and ask for a loan, the bank will make a Credit Bureau query.
Since the debt relief is noted as a negative entry, you will hardly have a chance to get a loan after a debt relief. Rather, the request and the rejection associated with it will provide another negative entry. So you have to go other ways to get a loan after the debt relief.
You will find it abroad or at a credit broker
In such a case you will usually find what you are looking for abroad. A Swiss loan is also possible if you have already completed personal bankruptcy. Because Credit Bureau is not asked for a foreign loan. Rather, a steady job and a good income count when it comes to credit approval. You can also try to obtain a loan through a credit broker.
These brokers work with independent lenders who are significantly more flexible and accommodating in lending. However, this “lightness” usually has to be paid with higher interest rates and a processing fee. So you have to think carefully beforehand and calculate whether you want such a loan through an intermediary in these circumstances.