It’s worth remembering that once the bank issues a payment notice, you will lose your ability to take out new credit whether it be a mortgage, car loan, consumer loan or a new credit card. This is tantamount to a loss of creditworthiness. If you have outstanding payments on your credit, it is often difficult to get your loan application approved. There are many situations where you may be credit checked, and a history of non-payment will be an issue, such as if you intend to
- apply for a mortgage or other loan
- start a subscription, such as for a cell phone or electricity
- shop for credit
- purchase insurance
In addition, some employers check creditworthiness when hiring new employees. In this case, a record of non-payment may prevent you from getting a job.
If you have your own property that can be used as collateral for the obligation, we are able to help you even if the bank has issued a payment default notice to you. Send us a simple application and together we will find the best solution for you. You will have the opportunity to take advantage of debt refinancing, i.e. the possibility of combining all your loans into one convenient installment. The product also allows you to consolidate debt collection and debts to other creditors. By taking advantage of refinancing, you will regain your creditworthiness and will only have to remember one installment to repay.