Credit despite chargeback
Return debits are more than just costly and annoying for the account holder. They can have extremely negative effects on lending. The loan despite return debit is often much more expensive, in the worst case, the return debit even cause a credit rejection. Learn more about the background and suggestions on how those affected should act in the article.
The credit despite return debit – why are chargebacks a credit?
Applying for a loan despite a return debit note is not always successful. Already a return debit “lack of account coverage” may be sufficient to be reported. A negative credit entry counts as a knockout reason for every lending in Germany. In the worst case, access to the German credit market is therefore closed for at least three years. Even in cases where the credit has not been included, a return debit quickly has a major impact on interest rates. If the clerk sees the return debit note “in the absence of cover” in the account statement, this has a negative effect on personal creditworthiness.
The credit rating is determined by two completely different procedures. On the one hand, revenue and expenditure are compared. The bottom line should be – above the subsistence level – to calculate an amount sufficient to installment. The second method is the rating. Personal factors play a big role here. Particular attention is paid to job security and payment practices. A chargeback on the account is proof of the unreliability of the debtor in fulfilling its obligations. More negative rating points automatically mean higher interest rates on the loan.
What are the ways out of this situation?
The best advice that can be given in this situation is to talk to the case officer. If it is possible to declare the return debit note – without a credit entry – as a one-time slip-up, then it can be decided in the sense of the applicant. Anyone who has some time while applying for the loan despite return debit, should, however, take a different path. The memory of the Shufa is long. The memory of the account is extremely short for that. The bank statements to be submitted when lending are a maximum of three months old. Older data are no longer considered. Anyone who manages the current account within the framework for this short period will also receive a better rating. Return debits should not appear within this period, as well as account stocking.
Quick help in problematic financial situations can also be possible by changing the loan provider.
In Germany, the provisions for lending are extremely tightly regulated. Dodge on loans is much more expensive. There is at least a reasonable prospect of getting the loan approved more easily despite a return debit.