If you are in the middle of a distrainment procedure, the loan options are really scarce.
In the Czech Republic annually increasing share of foreclosures and it certainly does not seem that he should turn this trend. If you are going through some execution, we may not be pleased, because you can practically forget about a loan in the banking and non-banking sector. Frozen bank account, close supervision of the executor over all financial flows, execution on salary. Unfortunately, there is no alternative in this case.
Arrange a repayment schedule with an executor
If you want a bank loan, the client’s creditworthiness is crucial. Therefore, you do not come here at all, so it is completely unnecessary to act like this. Moreover, the execution takes quite a long time and the maneuverability is limited. Even the non-banking sector will not help you, you cannot get through this condition. Simply, you can be in the debtors register because of the unpaid bills for the phone, but the execution procedure is already too strong coffee. There is no guarantee that you can repay the loan in good order, so unfortunately every application will be rejected.
First, execution, then non-bank loan
You must have everything resolved and completed before you can start thinking about a non-bank loan. It is simply impossible to get financial help when you are going through a difficult execution – at least by a conventional bank or non-bank form. Forget about lending to a private lender, as a similar step would mean an early fall into a debt trap that you may not get out of at all. You don’t usually know anything about that person, and it’s definitely not wise to put your trust right here. Consider the so-called personal bankruptcy, which will be a long-distance run, but you will see a bright light at the end of the tunnel. You can then easily borrow money if you need it.
The entire procedure can take months
Execution is simply for a long time, it is known to all who have someone around them just about – or go through a similar matter, so to speak, firsthand. It is a huge onslaught on the psyche, even for the rest of the family, who is undergoing a similar process with the debtor. For each provider it would be a very risky investment, so you understand that a similar chance is completely zero. The loan will only be possible when you finally settle your debts, including personal bankruptcy, which will, however, last for several long years. What else should you know about the execution procedure?
- It is governed by the currently valid Civil Code. His novel was published four years ago.
- You are entitled to one-time withdrawals from your account every month, up to 6820 Czech dollars.
- Upon agreement on the repayment schedule of debts, the bailiff can re-unblock your account.
The first free loan will not apply to the execution on your neck, but if you wait a long time and solve all current problems with debt, you can certainly use it in the future. Its charm lies mainly in the fact that you do not have to deal with the interest rate – you simply borrow money as a new client and pay it to the dollar precisely by a specified date. Yes, that’s right, you only pay the principal.
As for the register, we do not address it at all
However, a loan without consulting the registers is possible with us! So if you have an entry in the debtors register for a phone or electricity bill and you’re afraid of not getting a loan, you’re fortunately wrong. Money spent on extracts from the register generally does not pay much to non-banking companies, especially when it comes to a loan of several thousand dollars. It is sufficient to support everything with permanent income, or to submit the last three monthly statements of bank account and everything can soon be confirmed.