Loans with bailiffs without certificates: what is worth knowing about it?

Customers of entities from the broadly understood lending sector are often convinced that obtaining any form of loan or credit in the situation of having active or outstanding debts is impossible. All the more so in a situation where the consumer has not only debts but also debt collection.

Is this belief correct? It can be said that to some extent it adequately depicts reality.

Is this belief correct? It can be said that to some extent it adequately depicts reality.

In fact, having bailiff occupation, we don’t even have to count on getting a bank loan. Also, the vast majority of loan institutions will dismiss us without even checking our creditworthiness. This does not mean, however, that loans with bailiffs without certificates are completely unavailable: there is a certain group of loan companies on the market that have a more flexible and more personalized policy on how to verify the creditworthiness of a potential customer.

Loans with bailiffs without certificates: what is worth knowing about it?

Loans with bailiffs without certificates: what is worth knowing about it?

As already mentioned, solutions such as loans with a bailiff without certificates are available only in the offers of a few loan institutions. What is also important, loan companies offering this type of solutions usually do not inform about it directly.

So how can we know if a loan company provides loans to people with bailiff seizure? Please read the regulations and prospectuses carefully. If an entity informs clients that its credit assessment policy is flexible and that the company analyzes each case on an individual basis: this means that in certain situations it will be possible to obtain loans from such a company even if we have bailiff seizure.

However, one should take into account that in this case the loan institution will perform a detailed analysis of our creditworthiness. What will count? A loan company can “turn a blind eye” to our debts, as long as we can show that our real creditworthiness will allow us to repay the loan.

What else is worth knowing?

What else is worth knowing?

First of all, it should be noted that solutions such as loans with a bailiff without certificates are available not only in the offers of loan institutions, but also in the offers of the so-called parabank. In the latter case, however, for obvious reasons, we should be very cautious: parabanks are entities that do not appear in the Register of Loans Institutions at the PFSA and very often act in a manner inconsistent with the Consumer Credit Act.

You should also be prepared for the fact that if you want to get a loan for clients with a bailiff, the loan institution may request additional documentation or additional loan security from us. Also, the terms of the loan in terms of the available loan amount or the duration of the contract may differ significantly from what is available in the underlying offer of the given loan entity.