From hell through purgatory to heaven – Loan problems are also solved
In free fall: Peter and Carine tell
They are hard-working self-employed, each with their own business. Everything runs smoothly . They build a family home. They can pay 20% themselves in addition to the notary fees. They borrow the balance from a major bank at a favorable rate.
After five years, fate strikes: Peter causes a car accident. He has been unemployed for 6 months and must also pay for a substantial compensation. Just before the accident, Peter leased a new van. Carine also bought a new company car, financed through the car dealer.
The costs are accumulating and Peter and Carine are no longer able to pay off their home loans, leasing and car financing. They are reported as bad payers . Their bank starts the procedure of public sale of the property . Panic!
Difficult also succeeds!
Sally Bowles succeeds in avoiding the public sale of the property.
We find a lender that gives Peter and Carine a bridging loan. Given the situation they are in, this credit is at a high interest rate. Peter’s father is also willing to pledge his home.
They keep their heads above water .
Peter is now working again, now as a salaried worker. The self-employed activity of Carine is doing pretty well in the meantime. Their monthly payment is heavy. But they manage to meet their obligations and payments.
12 months later the report disappeared as a bad payer.
Still no further with this high interest rate?
Preferably not! But the problems of the past play in their disadvantage. Their former banker no longer wishes to grant a loan. Sally Bowles manages to find a solution, because the work situation of Peter and Carine again generates sufficient income. We find a bank willing to grant a new loan at an acceptable interest rate. We derive the notary fees and the reinvestment fee.
What do we remember from the story of Peter and Carine?
- If you have setbacks, do not wait until you are reported as a bad payer. Go talk to your bank in time . Banks are often open for temporary suspension of repayment, or for a rescheduling of your home loan. This can allow you to bridge difficult periods.
- You were reported as a bad payer, and your bank claimed your credit? In many cases there are still solutions to avoid the sale of your home.
- You are no longer reported and you have sufficient repayment capacity? Then you will again be eligible for a home loan within the regular circuit. Not all banks sweep the sponge over the past. Here, too, we can find solutions through our market knowledge.
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