Personal loan with a negative BCR?

Borrow with BCR registration

Borrow with BCR registration

Can you take out a money loan with a negative BCR? Many people have a BCR registration, but how do you get that registration? And more importantly how do you get rid of it again? And what if you want to borrow with a negative BCR. Where can you go then?

Borrow money with BCR coding

Whether you take out a personal loan or a revolving credit, each loan is registered with the BCR. Because if you are going to apply for a personal loan with BCR, then your application will be assessed by the Credit Registration Office (BCR). At the BCR a file is kept of every person who has a loan. Based on your BCR data, among other things, the lender will decide whether your new personal loan application will be approved.

What does the BCR register?

What does the BCR register?

The Credit Registration Office not only records all loans that have been granted. Even when the loan has already been repaid, the data remains visible at the BCR for a certain period. In addition to the credit details, the BCR also displays name, address and place of residence. Some time ago, loans also included cell phone subscriptions and other similar subscriptions. However, large telecom providers, such as KPN and Vodafone, have stopped registering the quotations of its customers. Borrowing money with BCR registration does not have to be a problem, because almost everyone is listed at the BCR.

Why people fear the BCR registration system

Why people fear the BCR registration system

So far, nothing is wrong. Most Dutch people have a credit, mortgage or loan and therefore have a BCR registration. Standing in red at the bank is a loan with BCR registration.
But why is the Credit Registration Office so feared by so many people who have taken out a personal loan or want to take out a personal loan in the future? If there are payment problems for several consecutive months, a negative BCR coding is added to the data. This means that you have already missed a few installments of the loan or mortgage.

The BCR has various codes.

The BCR has various codes.

It starts with an ‘ A coding ‘ type. If the payment arrears have been made up, a recovery code will be placed. This is done in the form of the letter ‘H’. Most lenders no longer provide a new loan if there are current payment arrears. It is difficult to take out a new loan with negative BCR coding. This will prevent you from getting deeper and deeper into the financial problems.

Even if payment arrears have been repaired and you want to take out a new loan, you will be asked for a good explanation and reason.

Types of BCR codes

Types of BCR codes

In addition to the ‘A coding’ and the ‘H coding’, the BCR also has five special types of BCR coding. Namely the ‘A1 coding’, ‘A2 coding’, ‘A3 coding’, ‘A4 coding’ and finally the ‘A5 coding’. For more information about this and for the meaning of these codes, we refer you to the website of the BCR itself.
Remember that payment arrears and recovery codes remain visible for 5 years.

Take out a personal loan with a negative BCR?

Take out a personal loan with a negative BCR?

Do you have a negative BCR registration but do you want to apply for a personal loan with a negative BCR? Then you probably cannot go to the regular lenders. Unless there are certain mitigating circumstances.

For example, a substantial surplus value on your owner-occupied home can be a way to borrow money with a negative BCR. The home is then used as collateral by the bank or lender, which means that it is certain that the new loan will be repaid.

But even with surplus value in the home it becomes difficult to borrow money with negative BCR and through our website this is not possible with most lenders.
The only option you could try is to borrow a small amount and therefore apply for a small loan.

Borrow up to $ 800 with a negative BCR

Borrow up to $ 800 with a negative BCR

Taking out a loan with a negative BCR can therefore amount to 800 USD. Of course, borrowing 100 USD or borrowing 500 USD is also possible. So there are only a few lenders who can help you with a personal loan with a negative BCR rating. In the past this was possible with more providers, but then the interest rate was much higher or additional conditions were set with respect to the regular providers. Ferratum is a good option to try because they have developed their own method and give everyone a second chance.

Borrow money without BCR review

Borrow money without BCR review

Borrowing money without BCR testing is still possible if you want to borrow a small amount. Amounts up to 800 USD, as we mentioned above, can still be included today. Look for this in the menu of our website for all providers or click on the button below. Please note: these small money loans cannot of course be taken out for free. You always pay more than the amount that you get paid into the account.

Update: Borrow extra money with the mini loan today

Update: Borrow extra money with the mini loan today

Since a few years it has been possible to have money in your account within 24 hours if you choose to borrow a small amount. For example, you can borrow a little money with a mini loan from Ferratum. For more explanation and information, we recommend that you visit the provider’s website or visit the Credit Registration Office.

Option: Borrow with a negative BCR

Option: Borrow with a negative BCR

If you really can’t get out and want to borrow money with a negative BCR, take a look at the municipal credit bank. They specialize in problem cases and may be able to help you further if all other providers say “No”.

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