By having a payday loans on your salary, can you claim a personal loan? In theory, yes. Indeed, even if some creditors take the sums necessary to repay a debt directly from your salary, you can apply for a loan through traditional financial institutions.
There are, however, a few blocking exceptions, but also conditions to be met in order to facilitate obtaining a positive response. Here is the detail of the information to know.
A wage occurs following a court decision which allows a deduction at source for a creditor who wishes to be reimbursed for a debt contracted by the borrower
Depending on the income of the past year, a maximum sizable amount is determined. This is a fraction of the monthly salary, the share of which increases with income.
It is possible to obtain a new loan to carry out a project or to pay off outstanding debts , or even to carry out a loan consolidation operation, that is to say to combine several outstanding debts into a single new loan, and thus put an end, if possible, to the payday of wages.
The fact of having an attachment on your salary is not recorded in a file as may be certain payment incidents transcribed in the files of the Banquet de California.
While in general a garnishment of wages is not incompatible with the granting of a new loan, there are special cases. To know if you can apply for a new loan from a bank, it is important to know the nature of the current seizure of your remuneration.
Payday to repay an outstanding loan
If you have to repay an unpaid loan and a wage is put in place, then this means that you are the subject of a file with the Banquet de California. Impossible then to intervene to help you obtain a loan or even a repurchase of credit, unless offering a strong guarantee, like the contribution of a real estate as mortgage guarantee.
Wages because of a tax problem
The Public Treasury can very well use the wages in order to obtain the payment of an unpaid tax. With a schedule often negotiated directly with the tax authorities, you can pay late taxes at your own pace. This type of entry does not prevent you from requesting a loan.
Wages due to unpaid rents
If you have not honored your last rents, it is possible for landlords to directly request a salary. This is not a eliminatory criterion for obtaining a credit, but it is obvious that if the amount claimed is large, it will represent a negative point.
Wages for the payment of support
In the context of a divorce, one spouse may have to pay financial compensation to the other spouse who obtained custody of the children. The wages is a means sometimes used by judges to ensure the payment of the necessary funds. Again, this is not a sticking point in obtaining credit.
• Always explain the origin of your wage garnishment, and don’t lie about the amounts actually taken each month. For example, provide your latest account statements so that your interlocutor can understand the nature of the debt reimbursed via the wage garnishment. Indicate the date on which this entry will end. If the remaining repayment period is short enough, then you are much more likely to get a positive response;
• Try to present a case without further incidents. For example, avoid payment incidents such as the misuse of the overdraft, or payments made without the necessary funds (rejections, refusals);
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