When it comes to borrowing money, registration with the BKR is often very important. It is often the determining factor whether or not a loan can be taken out. People who have a negative registration often come up with this. They will then no longer be able to take out loans. Even if they have long since been upset. Borrowing with BKR is simply impossible. Yet there are a number of options for people who end up in this situation. After all, in some cases borrowing money is the only option.
Banks and other lenders
If you have had problems with debts or poor payments in the past, you may be registered negatively with the Credit Registration Office, also known as the BKR. This means that most well-known large organizations rely on this and therefore no longer wish to provide loans to you. On the one hand this is understandable, but on the other hand it can also cause you problems. After all, you can no longer make investments because you always have a block on your leg. Nowadays, however, some lenders use it differently.
There are different ways to look at a negative registration at the BKR. First of all because there are different types of registrations. For example, there is a registration H. This indicates that you have recovered. For many banks, this is a reason to drop out. Therefore, even if you have corrected your past error, they do not intend to help you. Other institutions see this as a bit wider. Someone who has overcome their problems can therefore take out various types of loans there. This depends, among other things, on the type of institution, which all focus on different target groups.
A mini loan
One form of borrowing offered by a number of these new lenders is the mini loan. These are small loans that run for a short time. Consider, for example, borrowing a hundred euros for a duration of fifteen days. If you need an amount quickly, then this is of course an attractive solution. For example, to have an important repair done to your home immediately. Your BKR registration is not taken into account for these mini loans. The amounts are small and the duration is short, so that the risk for the provider is limited. A comprehensive check is only counterproductive in such cases.
There are also a number of institutions that work with you to find the right options. Not only with regard to mini loans and flash loans, but also with regard to other types of loans. This way there are even more options than you might think at first. Keep in mind that there are also costs associated with all options. This is an important factor when it comes to borrowing money. It is therefore important that you always include this in your considerations. So you always know exactly where you stand when you are going to borrow money from a providing party.