Those who suffer from high interest rates and already paid installment or consumer credit, often thinks intensively about both a reduction in monthly burdens, as well as an increase in revenue. If the monthly burdens are reduced, in addition to the change in one’s own consumer behavior, a targeted reduction in the interest burden can also be considered. A rescheduling makes sense here both in a low-interest phase, as well as replacing expensive previously used disposition or credit card overdrafts by cheaper credit. But whether a rescheduling with credit bureau entry works at all, also depends on the own good preparation.
Dunning and arguing causes effort
When rescheduling with credit bureau entry, it depends on exactly what it says. Basically, it can be said that each negative entry both reduces the likelihood of getting high credit but also sends a signal to each lender that this new loan may not be risk-free and stress-free for the bank. Therefore, anyone who wants to repost should look closely at a credit bureau entry. Are there, for example, ancient, not yet settled claims from mail-order purchases or disputes with a telephone provider, then you should approach this targeted. Before one carries out the rescheduling, one can thus eliminate the grossest nicks and, in particular, after negotiating a compromise and payment of an agreed sum, have the outstanding amount erased.
This looks the credit bureau information already cleaner. For example, if you go to your house bank, you can negotiate a lower interest surcharge. In any case, you should not set a symbol that you are a time-consuming and contentious customer who employs the dunning department for months. This can also be seen in the context that the interest margins of a loan are only a few percentage points and even the average and “normal” default rates of loans can significantly reduce the contribution margin.
A rescheduling can be viewed positively or negatively by the lender
Anyone planning a rescheduling with credit bureau entry should inform the new lender exactly about the intended use. Because it makes a difference for the lender, whether it is an accumulation of further debt, or whether it is a rescheduling of the summary and consolidation with the aim of interest rate cut and load reduction. Anyone who then ensures that he does not debit his credit line to the full amount, can successfully tackle his rescheduling with credit bureau’s entry.