Even people who have entered RKI, a register of bad payers, sometimes need a loan and financial respite. Why you have come into RKI can be rooted in many different things and causes – in many cases the cause was a little stupid and unfortunate mistake. But unfortunate mistake or not, once you get into RKI, your loan options are significantly impaired.
Here, the banks find it difficult to understand the people who are registered in RKI, are often also people who are financially depressed, and are not at all willing to lend you money. Because in the end, it’s in the bank’s best interest to get their money back. Therefore, many Danes find solutions through online loans, as the banks do not lend money to RKI persons.
Online loan market offers various loan types and loan providers who prefer to lend money despite being registered in RKI. However, you need to be aware, as being RKI registered signals that being poor to repay money entails even greater costs when you need to lend and borrow money.
Loans despite RKI
Yes, it is correct – you can borrow money even if you are registered in RKI. There are some loan providers who would like to lend you a loan, but this is usually incredibly expensive loan offers. However, the positive side is that in most cases you do not have to provide collateral for the loan.
But even if there is an opportunity to take out a loan even though you are registered with RKI, it is always a good idea to first focus on getting out of RKI before throwing yourself into a new loan. It is also not a good idea to become even more indebted than you already are.
It can quickly turn into a vicious cycle where you continue to take out loans that will end in a very bad financial crisis, and so much debt that it will take many years to become debt free.
Disadvantages of borrowing as RKI registered
Therefore, start by charting your debt, make a budget, and thereby form an overview of how much you need to repay to get out of debt. If you borrow money from providers who are willing to lend you money despite being RKI registered, you are disadvantaged as a borrower.
In other words, this means that people who are RKI-registered also get worse loan terms, which are reflected in higher interest rates, increased fees and installments, security requirements (mortgages on your belongings) and deposits.
It is and always will be wise to take out a loan
Only after removing yourself from the RKI register, and get a better financial situation than take a new loan. If you are in a situation where you lack money – it is better if you ask your family or friends for some financial help before you get an overview and manage your current joy.
Of course, even if you borrow money from your loved ones, this money must be repaid, but the positive is that you at least avoid paying interest on the borrowed money.