Bank overdraft is an uncomfortable situation, in the same way as a delay of taxes, this delay can be resorbed by the recourse to a personal loan, under certain conditions.
Credit consumption and bank overdraft
The bank overdraft may be the result of a temporary situation, for example a one-off expense linked to a financial contingency, which requires a large sum to be paid urgently, resulting in a negative account balance in the bank. The overdraft can thus be resorbed quickly and in this framework, obtaining the loan for consumption can be relatively easy to obtain since the situation will be explained to the bank advisor.
However, some bank overdrafts are sometimes linked to an accumulation of debts and credits, which simply reflect a profound imbalance in the finances and an inability to restore the situation by its own means. In this case, obtaining the loan for consumption will be very difficult because the bank will have identified the possible repayment deficiencies of the borrower. Granting him a new loan would only worsen the situation and plunge him into overindebtedness.
How to obtain a credit conso with a discovery?
The first step is to apply for a loan using a comparator because some banks will not linger to study these types of requests while others will go to the end of the process. It is necessary to specify the desired amount but also the amount of overdraft because during the study, the bank accounts will be requested by the financial institution, so be transparent from the start and not omit information.
If the overdraft is not very important and the borrower’s situation can be rebalanced quickly, the bank will be able to provide consumer loan financing that obviously does not take into account the borrower’s debt ratio and its borrowing ratio. ability to repay. If the household has too many credits in progress and one that is difficult to recover, we will have to consider another operation, loan consolidation.
Group credits with overdraft and finance a project
The credit consolidation is an operation cut to propose reinstatements of situations, such as the possibility of absorbing a bank overdraft by buying back the debt at the same time as the various credits of the home. The idea is to buy the various loans to extend the duration and reduce the amount of monthly payments, it allows to readjust the debt repayments to the situation of the borrower, to avoid him to find new in the open.
As for a conventional credit, you have to apply for financing, and it is even possible to go through an online simulator to compare the different offers and rates offered. Finally, it is also possible to add to the credit pool an amount dedicated to the financing of any project, thus taking the place of the consumption credit initially envisaged. Any credit or credit redemption process is free and without obligation.