Refinansiering Med Betalingsanmerkning Uten Sikkerhet: Is It Possible?

Have you recently wound up in a financially difficult situation, and have you realized that it is actually the debt you’re in that is making matters even worse? You may have taken out a personal loan a long time ago, and it may be causing some issues right now, to the point where you are actually unable to make your monthly payments on time. That really is a tricky situation and you would like to get out of it as soon as it is possible.

The only thing is, you may not know how to get out of it. Having struggled for a while with those payments, you may have missed a few, which caused the lender to send you a payment notice, and now you have it attached to your name. Once you have received it, you may have lost all hope of getting out of the financial pickle so easily, assuming that there is no way for you to take out a new loan now that you have the notice. I understand where such an assumption may be coming from, but it is always better to check things instead of assuming them, which is what I advise you to do here as well.

You may have been thinking about refinancing your problematic debt with a brand new loan and under brand new terms that will be to your liking. But, ever since receiving the payment notice, you have given up on that idea, thinking that no lender will be willing to work with you now. This, however, is not exactly true, even though I can understand the logic behind that particular conclusion. Once again, though, checking things before coming to conclusions is the best thing to do.

So, what do you think you will find out when you check this specifically? Let me cut to the chase right away and make things completely clear here. The simple truth is that there are lenders that will be willing to work with you even if you have a payment notice to your name, meaning that you will absolutely be able to take out a new loan. All is not lost, then. You have the option to refinance that problematic debt and get a new loan the terms of which will work for you – the terms of which won’t put a huge burden on your financial situation.

What Is an Unsecured Loan?

There is another thing that you are actually wondering here now that you know you can refinance even with a payment notice. In the simplest words possible, you’ve heard about the option of taking out unsecured loans, and you’re now trying to find out if this is a possibility for people with payment notices. Before I answer that question, though, I need to make it perfectly clear that you understand what unsecured loans are in the first place. Once you get a better understanding of that, you will find logic behind the answer to the actual question posed above.

Read about some benefits of a small unsecured loan: 

Now, what exactly is an unsecured loan? Put simply, it is a loan that you can get uten sikkerhet, that is, without security. Or, to be more precise, without collateral. What does this precisely mean, however? If you’ve never come across this concept before, it may sound a bit confusing to you, but the truth is that it is quite easy to understand, and one quick explanation will do the trick, which is why I will provide it to you right now.

Basically, taking out a loan without security means not offering up your assets as collateral to the lender. On the other end of the pole, there is the secured loan which requires you to provide something as collateral, that is, as security to the lender that you will actually repay the money you borrow on time. With the unsecured option, no such thing is required, which makes it a bit safer for the borrowers, given that there is no risk of losing your personal assets if you default.

While a bit safer for the borrower, it is a bit risker for the lender. After all, they are not getting any kind of security that they will get the money from you back, and they have no assets to fall back on if you default for one reason or another. Given the higher risks, lenders have decided to protect themselves using two methods when giving out unsecured loans.

First and foremost, they perform extensive credit checks in order to stay clear of any borrowers that may not be reliable enough. This means that a lot of people get rejected for this solution if their credit scores aren’t really that great. In addition to that, they also offer higher interest rates on this borrowing option than on the secured ones, which will deter borrowers that aren’t serious, or perhaps encourage some of them to go for the secured option rather than the unsecured one, given the lower rates. So, as you can see, while these can be quite appealing to a lot of borrowers, they are not always a possibility for all of them.

Can You Refinance Without Collateral If You Have a Payment Notice?

Are they a possibility for you if you have a payment notice? That is the big question here. Most usually, the answer is no. While there may be some lenders willing to extend you an unsecured loan even if you have a payment notice, there are very few. The simple fact is that most lenders will want to protect their own interests, and if you have a payment notice, that is a clear indicator to them that you may be struggling with making payments.

Since you are struggling, they know better than to extend you an offer without having it secured with any of your assets. So, in short, this is usually not an option for people that have received a payment notice. Let me, however, make it clear that you may still be able to find some lenders willing to extend you such an offer even if you have received the notice. But, once again, there are most likely very few of them, and the question of whether working with them is actually a smart move is also raised.

After all, you want to work with reputable and reliable lenders so as to get the best terms on your new loan, and to be happy with the overall services. Just like the lenders don’t want to work with just any borrowers without performing credit checks and assessing their financial situations, you don’t want to work with just any lenders without first checking their reputation and the quality of the services they provide. It is a two-way street.

So, refinansiering med betalingsanmerkning uten sikkerhet doesn’t seem to be a possibility, at least not an easy one, which begs another question. Is there anything you can do instead? Or, should you give up on the idea of taking out a loan to get out of that problematic debt altogether and just keep struggling with the payments you can’t make, putting quite a lot of strain on your monthly budget? That is what we are here to find out.

What to Do Instead?

There is a logical answer to the question of what you can do instead, and I suppose you have already thought of it. When you visit this website, you will get a clearer idea on the concept of borrowing without collateral, which is, as explained, quite appealing, but you will also understand another important thing. There is another way. In short, where there is borrowing without security, there is also borrowing with security.

And, that can turn out to be the very best solution for you and for your specific situation. To be more precise, you can use this option in order to refinance the problematic debt and thus take a huge burden off your shoulders and, of course, off your monthly budget. Borrowing with security is often the only option for people that have a payment notice, but even if it isn’t, it can actually turn out to be the best one. If you’re wondering why, let me make that completely clear to you.

Basically, the fact that you’ll be providing your assets as collateral means one specific, and rather important, thing. It means that you will be eligible for better interest rates. And by “better”, I mean lower. High interest rates on your existing debt may have gotten you in trouble already, so the opportunity to get lower ones is definitely appealing.

Since lenders don’t have to assume huge risks by not getting offered any collateral, it is no wonder that they will offer lower rates. So, if you have a payment notice, and you are looking for a way to get out of the debt and stabilize your finances, taking out a secured loan could be your best bet towards doing that safely and easily. It is the option that most people go for, and it is, thus, the one that you should undeniably consider.

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