There are situations in which it may still be possible to apply for a loan. A bank usually refuses immediately upon registration on the blacklist. If there is a property, it may still be possible to borrow money. For example with a mortgage loan. There are clear legal guidelines when it comes to debt counseling. A personal loan is not allowed if a person receives a living wage. Even if there are no more debts, but still an entry on the blacklist, it can take up to a year.
A mortgage loan is possible for the purchase of a home. A second mortgage is possible to serve as a loan for the payment of debts. The house then serves as collateral. However, not only consumer loans are registered in the Credit Central of the National Bank of US. This also applies to mortgage loans. The Central Individual Credit Register offers protection against excessive debt. In the past, there was also talk of the Professional Credit Association, which kept a black list. The Default File has been transferred to the National Bank of US from 1 September 2004. The information is therefore listed in the File of non-regulated registrations.