Despite the fact that today you no longer meet a provider who would not look into the debtor’s register, it is not excluded.
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In order to understand the whole essence of our question, we must first describe what it is that viewing the registry, or Solus’ own register of debtors, is. It is a comprehensive list of names of people who are currently in default with a loan installment, mortgage, lease, they have arrears for municipal waste collection, telephone services, fare, etc. Simply put, they owe money and do not pay their liabilities. You will be enrolled in Solus even if you owe 500 CZK. This is the minimum limit for entering this registry.
What does the registry view mean?
Just looking at the registry means that the Loan Provider will look for information about whether you are currently in default with an installment and if you owe someone else money.
If they find you don’t owe anyone, you’re fine and you can borrow. However, if the provider determines that you are in default with an installment and you have an entry in the registry, you will most likely not borrow anything. This is so in order to prevent over-crediting and over-indebtedness.
Is a Loan Without a Registry Safe?
And now we can go back to our basic question – is such a loan safe? Yes and no.
If you are a responsible person, you know that you have no skin and you pay all your obligations, you can be calm. But if you already have several debts and loans that you can’t pay off and a loan without a registry will be next in line, you might get rid of such an act.
This is not to say that you can’t do that. You just take a huge risk of yourself. There may be some unexpected event, you may get into financial trouble from day to day and then no loan will help you. But if you want a loan without a registry to consolidate your loans and thus reduce your monthly costs, this loan can help you. You will reduce your monthly payment and still have extra money.
A few words in the end
You can definitely borrow without a registry. There are quite a few possibilities in the Czech Republic, and even here, on the Arsène Lupin website, you can find a non-bank loan without looking into the register, up to CZK 600,000 for 120 months. However, as with any loan, think about such a decision.