Are you banned from banking and would like to take out a car loan for the purchase of your new car? It is quite possible.
There are indeed financial organizations that accept credit to people in a situation of bank bans and other difficult situations. But how to do it concretely?
Bank Prohibition: What is it?
To be banned from the bank means that you are stuck at the central bank of the Banque de France. Your bank is surely responsible for removing your checkbook and other means of payment.
This proves that you issued one or more NSF checks. The bank where the check was presented may decide the bank ban, as well as a judge.
This measurement is recorded for 5 years in the Central Check File (FCC). It applies to all your accounts held in all banks and not only in the bank where the incident occurred.
As a result, you no longer have an overdraft authorization on your account. All banks and credit structures have access to Banque de France files. They can check your status and you refuse any credit. This situation will stop when you have settled the difference and paid off your debt.
Forbidden bank: how to get a car loan?
Even if your regularization file is being processed, it may take some time. It all depends on the benevolence of your bank. In the meantime, you still have the option of taking out a car loan.
Several charities can act as intermediaries with a financial structure and vouch for a person in a banking ban. In this case, contact the association of your choice and not the financial institution.
Following an interview that will clarify your situation and your need, a member of the association will be appointed to support your application for funding from the bank.
There are also municipal credits introduced by some municipalities to help people in financial difficulty. A banking ban may apply for the purpose of financing the purchase of a new car.
CAF’s social microcredit is also a funding opportunity that the family allowance funds provide to certain beneficiaries. To find out if you are eligible for this type of loan, contact the CAF office in your area.
Other auto credit solutions for a banking ban
– Mortgage credit : If you own your home, some credit organizations will agree to give you a car loan by making a mortgage on your home. Your property will therefore serve as security in the event of payment default. This type of credit can be dangerous in case you can not repay the credit. You risk losing your home which will be seized by the creditor.
– Pawnshops : If you do not own a home, or if you do not want to take the risk of a mortgage loan, you still have the possibility to apply for a loan from a pawnbroker. Your valuable property (jewelry, paintings, paintings, gold …) will be used to secure the loan.
– Loans between individuals : organizations and websites that offer loans between individuals do not rely on your status of banking prohibition but rather on your ability to repay. Crowdfunding platforms can also help you get a car loan.
What are the conditions to fulfill?
As a general rule, it is considered that the purchase of a vehicle may allow a banking ban to find a job if it does not have one and thus be able to meet its financial commitments. It is therefore necessary to prove that the purchase of the car is essential to the improvement of your situation.