Credit application even with existing loan
Ultimately, the calculation did not work out and you urgently need fresh money. The problem of what gets in the way of this project: Actually, you already have a loan. One wonders if a loan despite existing credit is probably a problem and the dream of a new loan is already over.
Is a loan a problem despite existing credit?
Basically, a loan makes no particular difficulties despite an existing loan – at least as long as the debt is not too high. The keyword in this context is credit. An example should make this clearer and explain: You can theoretically have overdrawn his checking account for 1000 euros, because you have fulfilled the dream of the new TV. If the current account is overdrawn, then one takes up virtually a credit, which is called bank loan. But now you have a steady job and earns 2100 euros net monthly. Even the disposition limit could be extended in this case up to 5000 euros. So you are still absolutely creditworthy and can easily get a loan despite existing Kreidt.
What is important, however, is that you only use your maximum credit limit, but not more. The banks use the credit rating and the credit bureau entry to calculate the total amount of loans you can get. This sum is called a credit line. It does not matter if you use it in a loan or in five loans. If you want to cover the credit line, you need extra collateral in the form of a guarantor or in the form of possessions, such as land or real estate.
The rescheduling as a special case of a loan despite existing credit
A special loan despite existing credit is a loan that serves to reschedule. This is the desire to replace a more expensive loan with a cheaper one. The rescheduling works usually without any problems, if you communicate to the bank that you want to use the money just for it. The legal lever for a rescheduling is the special repayment right, which is in the republic in all installment loan agreements. Important in a rescheduling is that you actually have a financial advantage. This means you have to include all fees and other charges in your calculations. If you do not do that, then the rescheduling, which should actually lead to more money and your own creditworthiness, quickly becomes a boomerang. You have to pay more and the credit rating goes down even further. However, the bank that wants to get the new loan helps you with this calculation.