Comment obtenir un prĂȘt lorsque la banque vous refuse ?October 16, 2015

How to Get a Loan When the Banks Turn You Down?

You recently applied for a bank loan and it was denied. Financial institutions are occasionally reluctant to advance money to people with a bad credit rating or because of the excessive financial risk to which loaning the money might expose them.

Fortunately, there are simple solutions that allow those whose credit has been tainted to get money quickly. Here are a few:

Borrowing Money from Somebody Close to You

Whether it's your mother, father, sibling, or any other family member, borrowing from a person you trust and who trusts you can be an opportune solution because often these people will not charge you interest on the loan.

This is advantageous compared to banks and other financial institutions that often charge high interest rates. The loan might also come from a friend or colleague. Before borrowing from a bank, look around you – maybe there is someone with the financial means who is willing to help you.

Repay the Loan on Time

However, when borrowing money from somebody close to you, make sure to repay it on time so as to not compromise your relationship. The danger of borrowing money from relatives and friends is that you risk jeopardizing your relationship if ever you are unable to repay the loan as agreed. Negotiate the terms of the agreement clearly at the outset to avoid unpleasant surprises and don't make promises you can't keep. As the saying goes: “Good accounts make good friends!”

Quick Loan Solutions

It has never been easier than it is today to get money fast. Many companies now offer loan services to individuals who do not have a good credit rating. They lend various amounts of money without performing a credit check, thereby allowing people refused by the banks to access funding quickly so that they can realize personal projects.

These solutions are practical, since they are quick and easy – you simply fill out a form online, wait for the answer, and ... presto, you've got your money. Meanwhile, the loan agents have not carried out an investigation. On the other hand, you need to meet certain requirements to qualify for the loan, such as being at least 18 years old and securely employed.

These requirements are, nevertheless, less demanding than those of banks and, therefore, for essentially the same interest rate, it may be better to opt for these solutions. In addition, loans are renewable, meaning that you can borrow money as easily as you want. The repayment schedules are also flexible, allowing each person to repay the loan at their own pace.

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