And what if we have a relatively complicated relationship with the creditor or creditors through our fault?
Such negative characteristics may also result from borrower fraudulent activity, fraud, false or false reporting to the bank. Based on such offenses, the creditor has the right to enter you in his / her black list (MS), which is compiled within and used only by one organization. But it is a relatively rigid solution that can only be used in an emergency.
You may have made false statements without intent, you just needed an urgent credit, but unfortunately this is not an argument for the bank. And you will no longer be able to obtain credit with this institution.
A much lighter form of “penalty”
For the borrower is a damaged credit history. Of course, it can only get damaged if you have had or are past due, overdue loans, etc. This situation can be corrected , although it is much broader than the black list, as this debtors register is compiled by the credit history bureau and then provides information. all banks.
From this we can conclude that debtors may have two problems with taking out a new loan: damaged credit history or blacklisting. But this is not the end of the world, both problems are solved, borrowers do not need to disappear and lose confidence in solving financial problems in any case.
What if the credit debtor is MS
It is almost impossible for a debtor to get rid of a blacklisted stamp, but this feature works within a single bank, although often some financial organizations exchange such information to protect themselves from new outstanding loans. Such a characterization is granted for life and simply does not allow a poor quality borrower to obtain a loan at a particular bank (where he is entered in MS).
Each bank organizes its own internal register. Some describe their debtor in some detail, even when describing a person’s appearance or personal qualities. In some cases, the name of the debtor is simply marked ‘debtor’, and that is sufficient.
It is not that easy for an ordinary credit debtor to get into MS. Usually debts or delays – this is not a reason, but if the borrower does not stubbornly come up with the alternatives offered by the bank (loan repayment, debt restructuring, etc.), the bank can certainly put him on this list. Often there are debtors with maximum debt , who have long been unable to cope with the repayment of all existing loans, so the bank does not make sense to give them another loan.
How to get out of there or get a new loan? To obtain money on credit terms at the bank where he is listed in MS, the debtor will not succeed at 99% of 100. This will require you to go to another credit institution that is more loyal to its customers and debtors of other banks.
The way out of the most difficult situation
When you are blacklisted and have a bad credit history, the best way to go is to go to a microfinance organization. Of course, such an institution will charge you a maximum commission on your credit (and not worth the expense here), but after 3-4 repayments, you will switch from “debtors” to “trusted borrowers”, and in all banks. This will significantly increase your future chances of getting credit.
The bad thing is that malicious borrowers cannot get out of the black list this way, there is no way out of it, even in theory. Such extraordinary steps by the bank against some of its customers show all other borrowers that giving false information to obtain a loan is wholly unjustified. As a result of this, you permanently cut yourself off from working with the most advantageous creditors, and you are destined to go for bad and expensive loans in the future.
If you are just exposed to the risk of getting MS due to a long payment delay or a bad credit default, immediately agree to all the bank offers to repay your credit. Arrange credit restructuring, increase repayment term, etc. Especially when it comes to working with the most popular creditors, whose credit terms are much more attractive than those of other creditors.