A loan for a costly project is usually taken out for a long time, but the interest rate situation often changes after some time. If the interest rate level becomes cheaper for the investor, sooner or later the question of retraining arises. It usually becomes problematic when at some point there have been problems with the payment of loans or other liabilities. Here you have to look for debt restructuring with negative Credit Bureau.
Take out a loan abroad without Credit Bureau
If the debt burden is not so large, it is advisable to reschedule a negative Credit Bureau with a loan from Switzerland or Lichtenstein. However, these loans are only granted up to a certain amount, and the borrower must also prove a secure income. The loan amount is limited to 3500 or 5000 dollars. Which amount comes into question depends on the disposable income, because a single person who earns up to 1110 dollars net only gets the smaller sum, only from a net income of 1,600 dollars the higher sum can be paid out.
Other prerequisites are a permanent job that must have existed for at least one year and the age of the borrower must be between 18 and 58 years. However, the loans are more expensive than a normal bank loan because there is a higher risk and the banks also have this risk paid for.
Borrowing from a normal bank
If higher sums are needed, the prospect should try to apply for a loan from a bank. They will always ask for Credit Bureau information, so debt restructuring with negative Credit Bureau is not always possible here. However, the lending is at the discretion of the clerk and if you explain the exact situation to him, a loan can still be approved.
Another option is to look for a guarantor who guarantees the repayment of the money. Should problems arise, of course, this debt rescheduling can easily lead to problems with negative Credit Bureau and often destroy long-term friendships. You should only consider this type of financing if you are sure that you can repay the borrowed money on time.