If in the past you took out a loan and repaid it with serious delays, or did not pay at all until the end, your credit history is damaged. In this case, the chances of getting a loan from a large bank are practically reduced to zero.
Instructions
Step 1
Today, every major bank checks the credit history. Even if a loan is issued without confirmation of income and in the shortest possible time, this does not mean that an express check of the borrower is not performed. Thus, banks provide themselves with protection from fraudsters and non-payment of loans. It is worth noting that not a single bank discloses its secrets regarding the procedure for checking borrowers, therefore it is impossible to unequivocally indicate a bank that does not check its credit history.
Step 2
There are a number of banks that are more loyal to clients with bad credit history and are ready to provide them with a loan. But this does not mean that they do not check the financial background of the borrower. These banks simply set higher interest rates on loans for such clients. Tinkoff, Home Credit Finance Bank, Russian Standard, Moscow Credit Bank, Avangard, Zapsibkombank are among the banks loyal to borrowers with a bad credit history. Overpayments on loans in these banks are much higher than in large financial institutions. Thus, responsible borrowers pay for unscrupulous clients.
Step 3
Perhaps, only small regional banks, as well as young credit organizations, do not check credit history today. They are pursuing an aggressive policy to expand the loan portfolio and enter new regions of presence. Therefore, they resort to attracting borrowers with high risks. It is possible to indirectly determine which banks are less thoroughly analyzing their clients based on the dynamics of the loan portfolio growth.
Step 4
Please note that each bank has its own idea of what credit history should be classified as bad. For the majority, one-time delays are not grounds for refusing credit. Some do not take into account delays up to a month. Of course, the credit history of a borrower who has an outstanding loan in his hands can be called unambiguously bad.
Step 5
If all banks refuse a client with bad credit history, you can contact a microfinance organization. They don't do credit checks. Therefore, it is quite possible to get a loan here. But there is a significant disadvantage - loans are issued at a much higher interest rate than in banks. The interest rate in them sometimes exceeds 700% per annum.
