If you have debts then you can also borrow money. In fact, there are even special loans for borrowing money with debts or borrowing money for debts. For example, there are special municipal banks that can help you get a loan for debts so that you can pay off your debts immediately. This is also called a debt restructuring loan. If you want a loan for debt repayment without debt restructuring, then it may also be possible through crowdfunding. See everything about BKR leningen, for more information on this Dutch site for the ways for borrowing money to pay off debts.
Crowdfunding for debts
Borrowing money with debts through crowdfunding is not done overnight. It also involves the type of debt. For example, you may have a debt because you cannot repay a loan, or you may have a debt because of other payments you are behind on. For example, you may have rent arrears and you need a 500 euro lening fast.
Loan for debts
If you want to borrow money because you are in the red with the bank, you can often apply for a loan to get rid of your debt. You may not be in the red for more than three months, otherwise you will get a negative BKR registration. Also, the interest rate for being in the red is very high. If you cannot repay this debt immediately, you can apply for a loan. You can do this, for example, with the providers Lendico or Crosslend. This is debt repayment with crowdfunding for individuals, or crowdlending.
- The latter is also advisable if you are in arrears with your credit card. If you are at your limit, you can no longer use the card. Moreover, the interest rate is also high for a credit card loan. It is better to pay off this debt quickly by applying for another cheaper loan. You can do this well at Crosslend. They have special loans for this purpose.
If you have more or long-term debts, or even already have a negative BKR registration, you should visit the Social Credit Banks. These are connected to the municipality and can also be found in your municipality. These banks help people with low income or with debts. They help you to pay off debts and also give loans to let people pay off debts directly.
Social Banks offer peace of mind to people in debt because they pay off all creditors at once. Usually this is a percentage of the original debt. From 10,000 euros, for example, 2,000 euros remains. That is what the Social Bank pays. Then the bank makes agreements with the person in debt to pay that 2,000 euros back to the Social Bank.