More than 300,000 inhabitants of Good Finance are in the throes of debt and blockage. The situation is one of which many Croats share only the loss of one salary. Costs of living are on the rise, and wages, despite their great promises, do not experience the same fate.
Debts pile up and people often do not see a way out of this situation, but what financial experts warn that the situation should be viewed objectively no matter how difficult it may be. If you do not admit that you have a problem, your debts could only multiply uncontrollably.
How to get a loan if you are indebted? Get a financial picture of your home budget
The first step if you are wondering how to get a loan if you are indebted is to compile a home budget, which involves listing both income and expenses. It is advisable to put it all on paper because often we are not even aware of what we are spending and where all the money is leaking from our wallet.
The next step is to pay with cash, not cards. In this way, control over finances is gained. Using credit cards gives us the illusion that we can spend money we don’t really have. Money doesn’t physically disappear out of pocket, so it doesn’t seem to cost us either.
Banks have tightened conditions for debtors
Once finances are somewhat under control, the search for credit can begin. If it comes to you how to get a loan if you are indebted – know that it will not be easy. At the beginning of the year, banks tightened conditions and reduced the possibility of raising larger loans in fear that they would not be able to collect their claims.
This is a consequence of the directive which allows one quarter of the salary to be enforced, while until recently, one third of the salary was valid. The banks find the risk too great and simply do not want to take it, which has greatly complicated things for the average citizen.
How to Merge Existing Debts into One Credit |
What banks have to offer is the ability to refinance loans. The answer to that is how to get credit if you are over indebted. There is an option under which you can reduce all existing debts under one new loan. In translation, this means that instead of several fees and expenses, the client pays only one. This is an advantage for all those who are in debt anyway, but this way at least their budget does not go to waste.
How to get a loan if you are over-indebted in credit houses
The negative trend and the inability to obtain credit have been recognized by non-banking financial institutions, primarily lending companies, which are looking for a part of the financial market in Croatia. They have non-purpose loans of smaller amounts that can be claimed by over-indebted clients. Smaller amounts of money also mean less risk that credit institutions, unlike banks, are prepared to take on.
Most often, it is a short repayment period that clients can repay after several salaries. The only thing that matters is that they have regular incomes and regularly settle their debts. This option is also open to pensioners who are unable to live on their own retirement.
The advantage of this type of business is that it is easy and quick to apply for a loan. Business is conducted exclusively through the Internet which means you can forget about waiting in long lines. In addition, the documentation is kept to a minimum, which is a copy of the ID card and current account card.