“Hello I have the following question. I have a bad credit history. What should I do to clear my credit record? No bank gives a credit to a pеrson like me. Please give me an advice what I can do.”
Here's the answer from a banking specialistInformation on credit indebtedness for the client includes data both on the current state of loans and on defaults on active and repaid loans for a 6-year historical period, which is a prerequisite for refusal of financing or to be granted. Apart from the way in which the debtor's debts are served in the past, it is the amount of monthly income earned from employment and other legal relationships, the presence of other active loans, the presence of continuous employment, etc.
You have several options:
- Look for funding from non-bank sources - not particularly recommended, because conditions are unfavorable.
- Go to the bank where you have accumulated the negatives in your dossier and be as honest as possible with them. Try to convince them that the proverbs have remained in the past, that you now have better incomes, and you will be a good payer in the future.
- Look for a loan from relatives or friends.
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