The loan, despite the debt relief, is no longer a problem until three years after the debt relief. Until then, there is either no credit or interest on the credit risk, which will increase significantly. If you cannot avoid borrowing, there are still solution options.
The loan despite debt relief is problem financing.
The signs for a loan application can hardly be worse than for a loan despite debt relief. Any reputable credit institution from the Federal Republic of Germany will probably reject the loan application. The reason for this is understandable. Those who have been released from debt relief have not paid their debts. Rather, he made sure that the creditors lost part of their money. The exemption from residual debt should therefore be better described as permanent creditor protection. The debts have remained, but no creditor can collect them anymore.
More than ever, credit institutions are asked not to take any risks for savers’ money. From 2013, risk loans will even have a massive negative impact on banks. Basel III is the name of the agreement between the European finance ministers, which is the basis for these effects. Banks that do risky money transactions will have to demonstrate significantly more equity in the future. As a bank, anyone who issues venture loans will have massive problems in the future to prove sufficient capital.
The end of risk finance or are there still opportunities?
In principle, risky financing will continue to be possible in the future. The conditions will probably worsen due to the ever smaller offer. Even today, it is not uncommon for a loan to be more expensive than an overdraft facility, despite the fact that it is free from residual debt. Nevertheless, there can always be situations that make a loan inevitable. In difficult cases, the help of credit professionals should be trusted.
The services of a reputable credit broker are only paid in the event of success. Credit intermediaries, who can still often obtain risk loans through foreign banks, will still have to rely on private investors. The precursors to the Basel decisions have been noticeable on the international credit market for several years. Even from abroad, the loan is no longer granted as often, despite the fact that the debt is released.