A seizure on pay follows a court decision. Whatever the reason, it does not constitute an obstacle to obtaining credit, except in certain particular situations. A seizure on salary is indeed not recorded on a file at the FinaBank, like a payment incident.
It is thus possible to concretize a project by subscribing a personal loan with seizure on salary, or to leave the rut by a credit redemption with seizure on salary. The borrower’s file must however be solid: how to prepare it?
Causes of a seizure on payday
Multiple situations can lead to a payroll seizure:
- a delay in the settlement of the tax: in this case, ask for a schedule to spread the debt over time;
- unpaid rents: if the amount is large, it is better to borrow the money from a relative and repay it gradually, because the amount of the amount due could cause a refusal of credit with seizure on pay from the lender
- irregular or occasional maintenance payments: this gives rise to a decision by the pay seizure judge, which in no way affects the granting of a loan;
- the non-payment of the maturities of a credit in progress: the payment incident will be reported to the FinaBank; It will be very difficult to get a new loan, unless you offer a solid guarantee, such as real estate.
Preparation of the credit application file with payroll seizure
Transparency is by far the best attitude to adopt to put all the chances on one’s side:
- by explaining, with supporting evidence, the reasons for the seizure of pay, the amount and the duration, the file will be studied with a rather positive a priori.
- The bank profile of the borrower is another asset: an overflow authorized or discharges of samples are ominous. The bank statements provided must therefore be irreproachable.
- Stable and long-term employment, on permanent employment for some time with the same employer or, failing that, no period of inactivity between two employers are all good points. The pay slips will testify.
- A co-borrower or real estate are likely to reassure the banking organization, if the file is not solid.