If the debt is so broad that it is spread over several creditors, then it is high time to consolidate them through a debt restructuring and to apply with the help of a single loan.
Because that not only saves a lot of money on interest. It also creates an overview of the debt and lowers the monthly burden, since then only one creditor needs to be serviced at a single rate. But how do you go about getting a loan for debt restructuring despite Credit Bureau?
Credit Bureau as a problem factor
When taking out a loan for debt restructuring despite Credit Bureau, it is the negative Credit Bureau that can cause a problem. The first thing to clarify here is why the Credit Bureau is negative and whether anything can be changed about it. Is it negative because previous payment obligations could not be met? Or is it perhaps negative because it lists several loans?
If the latter is the case, then despite the negative Credit Bureau, a loan may be possible, since the old loan will disappear due to the new loan and the Credit Bureau will no longer be so negative. If this is not the case, a co-applicant must be sought who supports the borrowing with his positive Credit Bureau.
How to proceed
In order to be able to make optimal use of the loan for debt restructuring despite Credit Bureau, a list of debts and liabilities should be made in the first step. Once these have been recorded, a suitable loan offer can be searched for. The search should be carried out on the Internet, since there you have the best overview of all offers. As a rule, you will opt for an installment loan that is flexible in terms of both the loan amount and the repayment.
The loan can then be taken out at the institute with the best offer. The offer and the bank behind it determine whether this is done via the Internet or directly on site. While direct banks can only be reached via the Internet, traditional banks work with branches on site.
Note: A loan for debt restructuring despite Credit Bureau should only be taken out if the debt is still manageable and can also be repaid by the new loan. If this is no longer possible, it is worth going to the debt counselor.