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Update: According to the amendment to the Consumer Credit Act, all banking and non-bank companies are obliged to verify the registers of loan applicants.
According to statistics, there is a growing number of indebted people and many of them have several different debts on their necks. Many people do not know how to manage money well, or they have got into a difficult financial situation for a variety of reasons, which they have tried to solve with a loan.
However, if someone fails to pay their obligations on time, they may find themselves in the debtors’ register of which there are several, the most famous of which is Solus (Wikipedia).
However, the entry in the debtor’s register does not arise solely on the basis of defaults on the bank or non-bank loans. You can also get into it by not paying a fee for cable TV, internet, phone, or any other service that you are billed every month. As a result, new and new borrowers are constantly being added to the registers, which have considerably more difficult conditions when choosing a loan.
For example, a telecommunications operator or cable TV provider may not contract with you based on a registry entry. As far as loans are concerned, people in the banking sector have no chance at any bank, but the situation is much more favorable for non-bank loans. Non-bank loans without a register are offered by a large number of credit companies, which also accommodate people who are among the so-called risky clients. A low credit loan is one of the most desirable financial products in recent years and is very easy to obtain.
Advantages of Loan Without Registry
- Loans can also be obtained by people who have several different debts
- negotiating a loan is quick, easy, and usually, no personal meeting is required
- you can choose from a very wide range of loans, which is still expanding
- Early repayment of the loan is not a problem and nothing extra has to be paid for it
- A loan without a registry can also be free, with zero interest and free of charge
Disadvantages of a loan without a registry
- it is provided only by non-bank entities;
- you can borrow only small amounts;
- a loan without a register and pledge is usually only a short-term loan, usually a maturity of about 30 days
- if this is not the first free loan, higher charges are required
- the payout is usually just a transfer, few companies make a cash-to-hand (cash loan) or postal order loan
Frequently asked questions about loans without a registry
Why can’t I take a loan without a register with any bank?
Banking institutions have much stricter conditions and more clients are checking their clients – so people with a registry entry are at risk. On the other hand, non-bank companies focus on so-called risk clients and thus lend to people with debts.
Why are interest rates so much higher than bank loans?
It is precise because of the greater risk that the client will not properly repay the debt. Non-bank short-term loans are also provided to unemployed people, with debts or too low income, and therefore interest must be higher than that of a classic bank loan.
I already flew once, paid a high fee and didn’t get the loan. What should I do to prevent it from happening again?
All you have to do is choose carefully and verify your provider on the Internet. For example, if you want to be sure, use one of the sites that focus on independent loan comparison, including loans without a registry.
I have a registry entry, but I need to borrow 500,000 CZK. What should I do?
In this case, the only option for you is a loan with property pledge. If you have a suitable property that you can provide as a guarantee, there should be no problem getting a non-bank loan for such a high amount.
I was interested in loans without a register immediately and for free. Isn’t it a scam again?
There is no fraud – some companies actually offer the first free loan to new clients. But be careful to pay it on time, otherwise, the fee would be charged to you.
How is it that I have a registry entry when I never have a loan?
In the register of debtors, there are not only those who did not repay the loan but also people who, for example, did not pay for telephone, internet, television or other services. Certainly, contact the registry operator to know what the debt is.
Loans without registry with collateral
For those who have an entry in the register of debtors but also need to borrow a high sum of money (eg in the order of hundreds of thousands of crowns), a non-bank loan with a pledge of the property may be the solution. To acquire it, you must have a suitable property (such as an apartment, house, recreational object or land) and, based on its value, you can be granted a loan. It will be secured by real estate, so if you do not pay it properly, you can lose the property.
Comparison of non-bank loans without registry
Choosing the best loan without a registry is no fun – there are so many providers that few people know. Fortunately, there are specialized websites that offer an independent and detailed comparison of all non-bank loans available to us without a registry. On these professional financial portals you will find:
- a clear comparison of individual loans by loan amount, maturity and interest rate
- detailed reviews to find out all the important information about the loan
- basic contact information such as operator’s address, phone, e-mail, etc.
- experience of clients who have already used the loan in the past
- installment tables to help you create a better loan picture and know if it suits you or not
- answers to frequently asked questions that loan applicants have
Interest rates and fees for a loan without a registry
For fast loans without a register, there is generally a high APR (annual percentage rate of charge) and high interest – but this is not worth the deal because most loans are only short-lived and the annual loan is not so relevant. The more important is the amount of fees – always look at how much you pay for the loan. If you have an option, be sure to use the first free loan – there are zero fees and you will not find a better loan anywhere.