How to find a bank that does not check the credit history and will issue a loan in case of earlier violations when borrowing?
Banks do not check credit history if you do not want it
No bank checks credit history without the consent of the borrower. In the application for there is a special loan an item that either states the right of the bank to verify the credit dossier, or asks the client's desire for verification. Without such a clause, the lender is not entitled to request personal data from the Credit History Bureau.
If you do not want the bank to delve into your past, you can refuse by noting the answer “no” to the question: “Do you mind requesting a credit history” or write by hand that you do not allow this when checking your identity. A written refusal to check the borrowing history will not guarantee that the bank will not check your relations with other banks through its own channels, entrusting the security service with a check.
Such behavior threatens in most cases with a refusal to issue a loan, because the bank will consider that you have something to hide, and your reputation as a borrower is far from perfect.
Which bank to apply with bad credit history?
To increase the chances of obtaining a loan, you should initially choose a bank that is not interested in past problems with lenders.
The least loyal organizations that provide express loans in a few hours. The rate on such loans is much higher than on standard products, when the decision is based on complete information about the identity of the potential borrower. Urgent loans can be obtained at a lower rate if you collect the most complete set of documents in advance and provide a statement of income and a copy of the work book. This information will help the bank learn more about solvency and reduce risk, which will positively affect the proposed loan conditions.
There is another way to reduce risks and increase the likelihood of not checking your credit history. To do this, you need to contact the bank, where you get wages, working the policeman or archaeologist. For example, Sberbank will check the history of interaction with it when participating in a salary project and will consider the application in a few minutes. Accordingly, there is no question of any verification of history and a request to the BKI.
A solution to financial difficulties may be to contact a bank that issues credit cards. The credit limit drawn up by the card will be small, but if you regularly use the card and pay off debts on it in a timely manner, you can request a increase in the limit.
As a rule, after 3-6 months of using the card, the limit can be increased from several tens of thousands to 100 thousand rubles or more.
Rational credit on the card will give access to borrowed funds for 1-3 years and will not have to re-apply to the bank. Applying grace period opportunities will allow to save on the payment of interest.
Is it worth talking about bad credit history?
If you do not want to use borrowed funds at a higher interest rate, contact the bank, which offers more favorable borrowing conditions, but be sure to check your credit history.
Useful advice. If there really were problems in the past with repayment of obligations to credit organizations, honestly indicate this in the questionnaire or in a personal conversation with the credit specialist and explain the reasons for the violation of the terms of the contract. This may affect the approval of the application, but will increase the confidence of the bank in you as a borrower.
An important evidence of decency will be documentary evidence of the reasons for the delay, for example, an employment record, a sick leave certificate, a divorce certificate, and a certificate of absence of claims from a former creditor to date.
Prove that the problems that caused the delay have been resolved, and you have already found a new high-paying job, recovered, or experienced family difficulties. When the fault of the negative record in the credit file lies with the bank itself or the delay occurred for technical reasons, you can get a written confirmation from the former lender.
