A payment note is obviously a major handicap in your financial life, but it is far from a death sentence. For example, it is quite possible to be granted a quick loan even though you have previously neglected your payment obligations to the extent that you have received a payment note.
Between the thumb and forefinger, half of the leading players in quick loans approve applications from people with payment remarks, which can be seen as uplifting for you who have this burden but are in need of borrowing money quickly. However, the different lenders’ policies on payment complaints differ to a considerable extent and there are differences in both how many notes you can borrow and how fresh they may be.
It goes without saying that a person with a handful of remarks should be considered less inclined to repay a quick loan on time than a person who has only one. There is always an upper limit with the lenders who offer the opportunity for loans despite payment objections. Some accept only one or possibly two, while others may accept applications from people who have a much more extensive history of missed payments.
The bank is probably the most “generous” of all lenders in this niche of consumer credit as they can approve up to six payment notes. If your finances are otherwise considered to be sufficiently strong, you can thus have substantially neglected payment obligations in recent years and still be granted a loan. To note, lenders charges a premium – a higher price – for its generosity.
This is because there are a maximum of two payment notes that apply and these must not be related to unpaid or delayed loans or other credits.
A payment note that was added almost two years ago is normally given less weight than one that has been added in recent months. It is something that is clear if we do a review of the terms of a number of the lenders who have a policy of not automatically denying applications from borrowers with payment notes.
In order to continue with the two lenders we presented in the first point, we can note that the bank demands that none of the total up to six remarks may have been made during the past six months. As for other lenders, the time aspect is a full 24 months.