Many different situations may arise where there is a need to borrow some money. It may be an unforeseen expense that can completely topple your budget. However, there may also be happy circumstances, for example if there is a family increase on the way and a larger housing is needed. This will typically require a loan as well.
Whatever situation you are in, from time to time you may need to borrow some money. However, if you are in the unfortunate situation that you are registered in RKI, it can become very difficult to borrow money. It is a requirement of the vast majority of loan providers that you are not registered in RKI. In this post, you can read everything you need to know when you want to take out a loan but are registered in RKI.
RKI stands for Riber’s Credit Information. This is where bad payers are registered. Many companies use RKI when they need new customers. Therefore, if you are in RKI, you may be rejected by companies where you want credit, installment, a loan or similar. RKI is therefore a place you do not want to end for everything in the world. RKI is just one register in Denmark of poor payers. There is also the Debtor Register, which works in the same way as RKI.
It’s no coincidence how you end up in the RKI or Debtor Registry for that matter. There are clear rules for when you end up in RKI. Only people over the age of 18 can end up in RKI. This is related to the fact that you often have to be 18 to enter into an agreement that deals with credit, installments and loans. It may also be subscription agreements where a monthly payment is required. In this case, alternatively, the consent of the parents must be given or registered in the name of the parent.
To end up in the RKI, there must be some bills that you have not paid. This is what defines a poor payer. However, reminders must be sent to you that you have not paid your bill. There are very specific rules on how many reminders you should have and how much space they must send to you. Three reminders must be sent to you before you can be registered in RKI and these must be in writing. A jerk is a reminder from the company that you haven’t paid your bill, which you should do as soon as possible – typically within ten days. There must be a minimum of 10 days in between for reminders to be sent to you.
In the first two reminders, the company must not notify that they report you to RKI if you do not pay. It is only in the third reminder that they must notify that they report you to RKI as a poor payer. When you receive a reminder, you should also be aware that in most cases, a reminder fee will be charged, which you will have to pay. When you get three reminders, you have to pay three reminder fees. The remuneration fee depends on the individual company and whether it is a private or public company.
When you are registered in the RKI (or the Debtor Register), you are listed as a poor payer. It gives an indication that you are not paying your bills. From a company’s point of view, you are not immediately a particularly attractive customer. You can become an expensive acquaintance if you receive a product or service that you ultimately do not pay for. Companies want to avoid that.
If you need a loan, the loan provider will in most cases check if you are registered with RKI. If you are registered in RKI, the loan providers have the right to reject you, since you are listed as a poor payer. It can have major consequences for your finances if you really need a loan but you do not have the opportunity because of your registration in RKI.
On the other hand, it can also allow you to get out of the debt spiral if there is no one who will lend you money or give you credit. It can force you to control your finances. However, it can be a bit demanding.
Do you really need to borrow money, and if you continue to register with RKI, it will be difficult to find a loan provider that will provide you with a loan. However, that does not mean that it is impossible. There are few options for you even if you are registered in RKI. However, you need to be careful when moving into the loan market.
Several online loan providers have started offering loans even if you are registered in RKI. However, it can mean that it will be a really expensive loan. The loan providers run a greater risk by offering you a loan compared to one that is not registered in RKI. It often involves a significant high interest rate, which helps to give you a very expensive loan. It is therefore important that you carefully consider where you would like to borrow the money and the costs associated with the loan.
The banks typically will not lend you money because there is no assurance that they will get the money again. However, there are other options. One option might be to take out a guarantor loan. Loan and Credit Loans may be an option here as they offer guarantor loans where a registration in RKI or the Debtor Register is not an obstacle.
When selecting a guarantor loan, you must have a guarantor under your arm in order to get the loan. A guarantor is someone who provides collateral for the loan. That is, they say yes to pay if you are unable to. Just as your finances will be checked, your guarantor’s finances will also be checked. This is to ensure that the guarantor is actually able to step in with the payments, if you suddenly should not. In addition, your guarantor must not be registered in the RKI or similar register.
When you need to find a guarantor, it will typically be someone you know fairly well. It could be someone in the family, a good friend or colleague who trusts you to pay the money back so they don’t suddenly hang on the bill. In addition to the financial aspect that must be met for the guarantor, there are also other conditions for him or her to be approved as your guarantor. The guarantor must be a homeowner. This is a way to ensure that the guarantor has some assets that can be a guarantee that the money will be paid if you do not pay the benefits on the loan. Another condition is that the guarantor must be 18 to 75 years old when the loan is taken out.
Although there are loan options when you are in RKI, there is a better and more advantageous solution for you. Of course, the very best thing will be that you get out of RKI. Now you may think it sounds complicated and difficult. However, it does not have to be. If you want to delete your registration in RKI, there are several options. The first and most obvious option is that you pay off your debt. If you want to get out of RKI by paying off your debt, you must first find out which company you owe money to.
The RKI register does not state how much you actually owe to the company or any. for several companies. You can easily be registered in RKI several times if you owe money to different companies or in connection with different cases within the same company. Once you have control of which company or companies you owe money to, contact them. They can tell you how much you owe them. If you pay that amount, you will be deleted from RKI and you will no longer be registered as a poor payer.
If you owe a larger sum to one or more companies, it can be difficult to pay it all at once. Here it may be an idea to try to negotiate with the companies. This does not necessarily mean that they have to write down the debt, but you can try to find a repayment scheme together. With this solution, your finances will still be able to go along without you having to re-register with RKI, because there are some other bills that you do not pay because you have spent the money on old debt.
It is strongly advised that you incur new debt in order to pay off the debt that you ended up in RKI. It will just create a vicious circle that you cannot get out of. You will never benefit from paying off old debt with newly created debt. If you do this, you will be likely to end up in RKI again. Of course, you want to avoid this, as it can affect your ability to get a loan in the bank for eg house or car. Typically, if you incur new debt to pay off your old debt, it will typically be at extremely unfavorable interest rates and additional costs and fees. Everything else will just be an expensive solution for you.