The Things to Do to Have a Credit While Being Stuck
The non-reimbursement of a loan for a certain time leads to the registration of the household with the National Bank of Belgium or BNB. If you are in this situation, it will be difficult for you to apply for a new loan, unless you adopt one of the following solutions.
A FEW WORDS ON FILING AT THE BNB
The Central Individual Credit Register, a branch of the BNB, registers each loan, regardless of the payment institution requested. It will be immediately informed by the financial institution concerned if the customer fails to repay his monthly payments for 2 months or more. It will register the name of the latter in the blacklist of individuals on file. The person concerned will therefore find it difficult to obtain a loan given that the other organizations in the country already know that he is a “bad payer”. Fortunately, there are solutions for applying for a National Bank loan .
HOW TO HAVE A LOAN WHILE BEING STUCK?
The registration of a person at the BNB can last up to 10 years. However, it is possible to interrupt it at any time by regularizing its situation with the National Bank of Belgium. All you have to do is repay the entire loan. The banking ban is immediately lifted, once the problem has been resolved.
If you don’t have the money to repay the bank, you can always bank on the mortgage. In practice, you can apply for a loan by offering your apartment or other real estate as collateral . If your application is accepted, you will receive the amount requested, even if you are still registered with the BNB. Of course, you have to expect to pay the notary fees.
It is also possible to contact a credit institution for stuck persons. This alternative still requires some precautions. Concretely, you must rely on an experienced broker in the field to avoid scams. He will carefully analyze your financial situation before proposing a solution adapted to your needs.