At the house bank, a request for a loan for debt restructuring for the self-employed is usually rejected. The self-employed person does not have the creditworthiness required by the house bank and state credit institutions for the allocation of funds due to his non-fixed salary and the lack of confirmation from an employer regarding the fixed income.
However, since debt restructuring is also necessary for the self-employed and can protect it from excessive costs, one should focus here on the free financial market and choose offers in which the creditworthiness and financial background play a minor, if any, role. Other values count here and create the possibility of securing debt restructuring for the self-employed at the lender with existing collateral in real assets or with a surety, making it ideal for approval.
Prefer fair terms
Of course, even if there is an urgent need or the desire to reschedule the self-employed, one should not forget that only a suitable loan with low interest rates and a fair framework is really suitable. It is best to choose a contractually agreed flexibility and thus prevent problems that can always arise in self-employment due to irregular income.
By overwriting a property, a car or a financial product for retirement provision, you can secure the loan and ensure that the lender grants the approval based on the collateral provided and the amount is quickly paid out.
There are no long waiting times for loans from private donors or foreign banks. You will receive a notification within 24 hours for approval and can benefit from receiving the payment promptly and thus tackling the debt change for the self-employed.
You can fall back on cheap offers with low fees and choose a loan that does not become expensive despite flexible conditions, you can not service a rate in sufficient amount or not meet a payment term. The loan should be chosen just as flexibly as the income is presented in the self-employed activity and cause no additional costs.
Suitable options for all requirements
On the free credit market, prospective buyers will find the right models for all requirements and can use a free online comparison to exclude loans that are too expensive and therefore not very suitable for their own criteria. Even in difficult cases and without being secured by property, you can get a loan and reschedule.
If a guarantor is liable for the amount requested, the lender grants the loan and only then approaches the guarantor, acts contrary to the contract are carried out or the lender is unable to adhere to the repayment installments and to provide the agreed amount. Otherwise, the collateral deposited and the liability of the guarantor remain unaffected by the lender throughout the term.