Credit during separation year.
If a marriage fails, the two parties begin a completely new phase of life after the official separation. Because within the year of separation, not only life and all the facets associated with it have to be realigned. It is also important to arrange the finances. And the latter in particular is sometimes not so easy.
Because in the case of a separation, it is not only the household that must be cleverly divided between the two partners. The assets that were collected within the partnership must also be divided. Added to this are the debts that have arisen from any existing loans or from debts in the account.
In such a situation, many consumers have to take out a loan during the separation year. On the one hand, to be able to start a new life with your own apartment, furniture and various other things. On the other hand, but also to be able to pay off any debts. Because usually there is no partner who wants to take over the accumulated debts alone. This means that these have to be split and each partner then has to take care to pay off as much of the debt as possible.
What needs to be considered with a loan during the separation year?
Loans are like sand by the sea. Finding a suitable loan that either absorbs the debt or enables a new start should not be too difficult. However, what can be problematic is the fact that the loan should be taken out during the separation year. Above all for all those who have to pay maintenance to the ex or who may also have a maintenance obligation towards children.
In such cases, the available money shrinks to a minimum quite quickly and the conditions for borrowing are not as optimal as the banks might want. For this reason, it is always necessary to look very closely at a loan during the separation year, where it is taken up and what personal requirements can be brought into play.
The income must be higher than the expenses
It is always very important that the income is significantly higher than the monthly expenses. This is the only way to have sufficient scope for borrowing. In addition, the type of loan should be carefully considered. If you do not urgently need the money at your disposal because you only want to buy furniture or technical equipment with it anyway, you should take out the loan directly from a dealer. Such consumer loans, for example, do not require a fixed income. And the level of income is also rather secondary. Such a loan is therefore much easier to take up than an installment loan, which is applied for directly from a bank.
In addition, the repayment agreement should be made so that it fits the current life situation. At best, the rates are kept as low as possible so that there is enough money left over for other things. Because if you overextend yourself financially during the separation year, you can quickly end up in a debt trap and sometimes even get into trouble with your ex-partner. Namely, when its maintenance claims or similar things cannot be met.