Alternative forms of borrowing

Alternative forms of borrowing

Lending money is an integral part of our society. This can be interpreted both positively and negatively. Consider how many debts people have, which is negative. The other side of the story, however, is that this stimulates consumption, so that more people (can) buy more products. In other words: with borrowing you keep the economy going.

A form of borrowing is buying an installment product. After all, you still owe money to the company where you buy the product. There is a lot to buy on installment. For example, consider a laptop or a scooter. To prevent non-payment, a special agency was established quite a few years ago to record the number of loans (read: loans).

This is the credit registration agency, simply the BKR. It is very difficult to find a loan from a company that is not affiliated with the BKR. Yet many people seek this. This is because, for example, they were registered negatively with this BKR a few years ago. Now they want to borrow some money again, and suddenly it appears to be no longer possible.

Loan with or without BKR

Loan with or without BKR

These people often look for something where they can borrow without BKR testing. For example, they are looking for an installment laptop with BKR or an installment scooter without BKR. This all means the same thing: borrowing money from a lender who is not affiliated with the Credit Registration Office. But where do you find these types of authorities?

All banks in the Netherlands are certainly not part of this, because if you want a banking license, you are required by law to test all customers at the BKR. We can look further, for example mini loans. These so-called flash loans offer the possibility to borrow a certain amount of money for a month without BKR testing! Ideal for people who are registered negatively with the BKR. But the duration is limited, and the amount that can be borrowed here is often a maximum of $ 750.

Of course you can also borrow money from family or friends. This is called privately borrowing money. It is always outside the BKR. You can also borrow this private money from people other than family or friends. You only have to find the right person who trusts you (and vice versa) and who does not charge ridiculously high interest rates. It is nevertheless advisable to try to find someone who you know and who is reliable. You will not be the first to be scammed.

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