A loan despite a chargeback is not automatically a problem for everyone interested in a loan. Most people simply go through the loan application.
We want you to be able to finance at low interest rates and to be able to choose the appropriate alternative financing if you have approval problems. Our lender will give you practical advice on what is important for credit institutions to make a loan decision.
Loan despite chargeback – why was the chargeback carried out?
If a loan were flat-rate and undifferentiated impossible despite the chargeback, many people would rightfully go on the barricades. Not every chargeback automatically means that the account holder was actually insolvent. Examples, such as the double debiting of card payments at Aldi, show that not every debit is justified. (In the headlines in May 2016).
Unjustifiably withdrawn money and getting it back within the stipulated time limits is everyone’s right. Objection to an unjustified payment in no way deteriorates the personal creditworthiness. If a private credit checker notification is made and actually entered, it will be deleted from the private credit checker immediately upon request. private credit checker may only take account of demonstrably justified claims.
For the loan, despite the chargeback, a chargeback could be a problem due to insufficient cover. The most affected are people who live at the credit limit and occasionally lose an accurate overview of their account balance. In this case, the chargeback is proof of temporary insolvency. If the requested credit institution becomes aware of this, it becomes problematic for the loan approval.
Fund without problems despite the chargeback – Score decides
Not every credit request is decided by the hand-picked review of submitted receipts. For the majority of all credit decisions, only the proof of income and the sufficiently good score for credit approval count. In fact, no one decides on the loan application despite the chargeback, but a computer program based on the personal score.
A regular loan despite a direct debit due to a lack of cover goes smoothly with a good score. – Because the bank does not usually check the bank statements for the requested regular loan. The chargeback itself does not affect the score. As a rule, it is not reported to private credit checker if the debtor acts promptly.
Delinquent payers pull themselves perfectly out of the affair if they immediately report to the creditor. If possible, a clarifying call should be made before the chargeback appears on the creditor’s account statement. Afterwards, the invoice is immediately settled by payment. The problem is gone. The score definitely remains untouched.
A loan despite rescheduling to reschedule the dispo would be strongly advised so that liquidity is ensured again in the long term.
Apply for problem loan – check the bank statements
Difficult credit requests are not decided automatically. The credit check can only be successful if the credit rating is poor, if evidence proves the creditworthiness beyond doubt. Account statements are a particular focus of manual credit checks. They reveal every detail of the account holder’s financial situation and buying habits.
Both together give an insightful picture. It can be seen whether a loan application degenerates into an unmanageable credit risk or whether lending is secure despite a restricted credit rating. Incoming payments are just as interesting as outgoing payments. The receipt of payment of the salary shows whether there is an attachment of income without being visible on the statement. The salary receipt and the settlement amount match if there is no attachment.
It is also observed who receives all payments from the salary account. The credit auditor does not want to see that a collection agency is being served. Card payments and debits also clearly show what money is spent on. Overall, spending should be proportionate to revenue. Refunds due to insufficient cover are a no-go for lending.
Loan despite chargeback – approve as problem loan
For a bank’s risk loan, the submission of account statements can hardly be avoided. In order for there to be a real loan opportunity despite the chargeback, three months must be proven without a direct debit or collection payments. Should collection payments have to be made during this time, the cash transfer or the payment from another account remains a way out.
Return debits are avoidable. Ensuring sufficient cover on the current account for a total of three months should be possible for serious, solvent borrowers. If this does not work, there is actually a real risk of the loan being repayable. Surviving this period of time should create a loan prospect to protect against real over-indebtedness.
Another alternative for bank loans despite limited creditworthiness would be to submit the loan application together with a solvent co-applicant. In this case, the good creditworthiness of the co-partner would be the decisive factor for the loan approval. Another alternative for the loan despite the chargeback – without guarantor or co-applicant – would be a private loan.