Borrowing money without BKR seems to be an interesting option in a number of cases, for example because you no longer see any other ways to get money. However, make sure you also know the risks well so that you do not make unwise decisions.
More expensive and risk
Borrowing money without a BKR is generally somewhat more expensive than taking out a regular loan, partly due to the fact that the risk for the lender is greater. You do not have the option to check your creditworthiness, which means that you are, as it were, paying for consumers who ultimately cannot or cannot repay their loan. So keep in mind that the interest on borrowing money without a BKR is usually higher than the interest on a regular loan. Risk of borrowing money without BKR can have somewhat larger consequences because the agreed percentage is often higher.
Borrow money and risk
Borrowing money without a BKR is less easy than applying for a regular loan. This has to do with the fact that a lender is more at risk when he does not use the data from the Credit Registration Office in Tiel. There you keep other loans that you have, which makes it possible to estimate your creditworthiness. Borrowing money without BKR is possible, but keep in mind that you need to use special options.
Borrow money without BKR control
When borrowing money without a BKR, there is no question of a check by the BKR. In general, we as humans are not very fond of controls, but in the case of money they are of course not for nothing. The BKR keeps track of the debts of every Dutch person and also keeps track of it if someone fails to make the payments or pay the interest for 3 months. In this way one keeps an eye on defaulters. This check is not available when borrowing money without a BKR.
Take responsibility yourself
That means that when you borrow money without BKR you have to take the responsibility to take out a loan only when you can actually pay it. So make sure that you can bear the interest costs, but that you are also able to make the repayments at the right times. This way you can borrow money without BKR and you ensure that you can actually get rid of the loan again. In this way you stay out of the financial problems without the need for an audit of the BKR.
Borrow money online without BKR
One of the risks of borrowing money without BKR is hidden in the fact that you can easily take out a loan online. That seems very attractive, but at least make sure that you think carefully about taking out the loan. View your income and compare it with the expenses you currently have. Is there room for a loan? Only when the answer to this is ‘yes’ is it sensible to borrow the money without starting BKR, for example by applying online.