Being in a prohibited banking situation closes a lot of doors, especially those of consumer credit. In these difficult conditions to claim a car loan , but not impossible however: solutions exist!
What is it to be prohibited banking?
According to the law, in most cases, the banking ban is declared after the issue by an individual of bad checks. Its consequences are serious: it is prohibited to issue checks, regardless of your account, including if you have accounts in other banks. Naturally, the seriousness of this incident leads the bank to question your general risk situation. And generally, this banking ban prevents applying for a car loan. It is planned for a maximum period of 5 years. It ends, unless the judge decides otherwise, as soon as the individual discharges the accumulated debts towards the beneficiaries of checks issued without funds.
Auto credit and banking ban
According to the legal texts, nothing prohibits an individual registered as a “banking prohibition” from applying for a car loan from a bank or a consumer credit organization. A car loan for banking prohibition will then be left to the free appreciation of the establishment contacted by the borrower. It is then up to the latter to prove his good intentions, for example by justifying the fact that he has stable income to cover the amount of the car loan.
Bank prohibited: call a broker for a car loan
To get out of the bank ban file, and finally be able to use a car loan to finance the purchase of your car, there are a few suitable solutions. Like that of using a nearby auto credit broker company. This one has a perfect knowledge of the car credit sector and can therefore optimize the loan application file, try to obtain for the borrower a sum of money, and help him to get out of the file of the Agree bank.