Take a microloan with open current arrears on the card


It is well known that it is difficult for people with damaged CI and active debts to get a microloan without failure with delays, because organizations are afraid of potentially problematic customers. The second point – whether the borrower has enough money to repay a new loan – depends solely on the level of income.

In this article we will figure out where to get a microloan with bad credit history and open arrears in the country.

Where they give a microloan without failure with delays?

Where they give a microloan without failure with delays

You can get a loan with delays:

  • In banks, in the online lending section. But you need to be prepared for high interest rates, requirements to provide certificates of employment income;
  • Microfinance organizations give a microloan on a card with arrears, but the amounts usually do not exceed 10 thousand. This method is chosen by those who decide not to waste time on endless failures and paper running around;
  • Private lenders. The main thing here is not to run into scammers and illegal immigrants. Therefore, it is necessary to check the availability of a license, real reviews and draw up a legal contract with clear conditions.

What documents are needed to receive money

What documents are needed to receive money

To take a microloan with arrears online to the card urgently, you need to provide the data:

  • Civil passport;
  • Identification code.

Usually this list is enough for most of the current online MFIs. Some of them ask for high-quality scanned copies, the second half is satisfied with the information entered, because the information provided is thoroughly checked through the BKI and other information databases.

In large financial and credit institutions require in addition:

  • About employment;
  • About salary;
  • About the presence of property in the property.

Why lender gives a microloan with bad credit history and open arrears?

Lender gives a microloan with open current arrears on the card to all vulnerable categories of people (students, pensioners, unemployed, debtors) for a number of reasons:

  • Simple requirements that are easy for borrowers to follow;
  • An adequate interest rate that allows you to make payments painlessly;
  • The first loan at 0.01%;
  • Three-day period without imposing fines;
  • Affordable extension.

Lender provides assistance to people in cases where others refuse and become a reliable financial aid at the very moment when it is most needed.

Types of debt collection – what are the options?

What should an effective debt collection consist of? See how to legally carry it out step by step to get your money back!

If the debtor does not contact you and does not use traditional methods of fighting debt, you should start debt recovery. What is meant by this term? It is a set of legal and procedural actions aimed at motivating the debtor to pay the obligation, which he contracted with the creditor. How exactly does this process work? You will find the explanation later in the article!

Types of debt collection – what are the options?

Types of debt collection - what are the options?

Taking into account the manner of dealing with the debtor, there are two basic types of debt recovery:

  • soft debt collection – the very name indicates that this group of activities is considered to be the mildest form of debt collection, although, in the long run, it can be quite insistent. Most often it involves calling the debtor, sending him an SMS with a reminder to pay the debts and requests for payment – for more information on the latter form, see our article.
  • hard debt collection – it starts when the soft debt recovery did not bring the desired results. In this situation, it is already known that the debtor is not willing to cooperate, or does not have the funds to repay debts. The process begins with entering it on the list of debtors and ends with court proceedings. The exact course of such debt recovery is presented later in the article.

Debt collection in 5 steps – see how it looks!

Debt collection in 5 steps - see how it looks!

1. The incurrence of an obligation – it is a situation in which the debtor is late with paying the debts to the creditor. The first debt collection steps are taken 60 days after the repayment deadline has expired.

2. Arbitration – this is the first stage of applying for debt repayment. What’s more, this is a stage that cannot be missed. To file an application in court, you need to document your attempt to reach an amicable resolution of the conflict with the debtor – otherwise, the judge will reject it. As part of it, you can send payment requests or even create a new repayment schedule – as long as the debtor contacts you.

Amicable debt collection is the most advantageous solution for both parties because:

  • avoids lengthy court proceedings,
  • is the best way to slowly and effectively exit the spiral of debt – of course, if the creditor understands the debtor’s difficult situation,
  • does not expose both sides of the conflict to unnecessary costs of debt collection and court proceedings. This should especially be avoided by the debtor, for whom it will be another commitment to repay,
  • will allow the debtor to avoid entering into the National Register of Debtors, which could be difficult to obtain a loan in the future.

3. Court proceedings – if the debtor refuses to resolve the matter amicably, you have nothing else to do but to bring it to court. Importantly, if you prove to the court that the debtor is avoiding contact with you, it will work against him.

4. Clause proceedings – its purpose is considered to be an enforcement clause, i.e. a court order for payment, which is needed to commence bailiff proceedings.

5. Enforcement proceeding – begins when the bailiff receives an application to start enforcement along with a detailed description of the actions that should be taken.

Effective debt collection – with the company or alone?

Effective debt collection - with the company or alone?

If despite your efforts, the debtor still ignores prompts and does not make a contact attempt, you can use the services of a debt collection company. Such an institution has quite broad powers. This means that it can use all of the previously mentioned methods – from sending requests for payment to entering on the list of debtors.


A debt collection company may also be independently interested in your debtors’ obligations and buy them on the debt exchange. In this way, you will receive money in principle, although usually in a slightly lower amount. Negotiations with the debtor, however, take over the company, and you will not have to worry about anything. So if you care about time more than recovering the full amount, this is a good way out of the situation.

As you can see, effective debt collection is a process that can take a while. That is why it is worth starting it as soon as possible – thanks to this you will also avoid any possible time-barring of the debt. What should you know about this? More details on this topic can be found here: “Do the debts expire” – check it out!

Loans – on what terms is it granted?



According to data from the Central Statistical Office, at the end of 2018, there were 10,000 emigrants. A thriving labor market giving the opportunity to negotiate employment conditions, lower unemployment rates and higher median wages are just a few reasons why persons are emigrating to the country.

For those who have recently earned in crowns, the place of debt is becoming unknown. Can you take a loan? Where is the best way to apply for a cash loan – in the country of residence or in the country of origin?

Can a person who lives and works get a mortgage there to buy an apartment or build a house? There is also a question mark that you can get a loan. Let’s find out whether credit for persons is a reality or just a pipe dream.

Loan – who can apply for it?

Loan - who can apply for it?

Every person applying for a loan for working must meet the following requirements:

  • be at least 18 years old (this age may vary depending on the bank),
  • have permanent registration,
  • have an indefinite employment contract (some banks respect the work contract / mandate contract),
  • have a positive credit history at the – Banking Credit Bureau – the equivalent of the (Credit Information Bureau),
  • have an account with a bank,
  • have an active telephone number.

Sometimes a loan for a person can be difficult to obtain due to the fact that some banks only serve clients with citizenship.

What are the loan costs?

What are the loan costs?

The requirements for loans are very similar to those in force on the market, at least when it comes to mortgage loans. The minimum own contribution in mortgage loans is 20 percent., some banks, however, go hand in hand and, like those in the country, lower it to 10 percent.

In addition, the ratio of the monthly installment to the income of the household taking a loan cannot be greater than 45% Moreover, the maximum amount of mortgage cannot exceed 9 times the borrower’s annual income.

As for the cost of the loan, as already mentioned, it consists of the cost of repaying the liability and additional charges. The basic costs of a loan are:

  • preparation fee,
  • commission for granting a loan,
  • interest,
  • insurance.

However, when you take a loan, you can count on various promotions. Some banks have attractive offers for new customers in their offers, while in others regular customers can count on more favorable credit terms.

How to apply for a loan?

How to apply for a loan?

A loan from a non-bank company is an alternative to a loan. To get a loan from a bank, you need to show a really good creditworthiness and credit history, while meeting a number of institutions depending on the institution, more or less excessive requirements.

All this means that some simply do not have a chance for a loan in the bank. Loans come to the rescue.