No doubt that many debtors who had credit loans and who had successfully canceled them have a good credit history that is of no small importance. But this fact does not eliminate the need to collect papers and to confirm you paying capacity.

The “longer” the credit, the more papers and guarantees are required from a debtor. Banks want to cut down their risks and check the debtor’s solvency while giving a fast loan to avoid problems with repayment in the future. As a rule, long-term loans are called hypothec. Subject to mortgage may be an object of a mortgage itself. In case of your inability to cancel the loan the mortgage object will be sold by auction and the loan will be canceled.

However alienation of the mortgage and its disposal is very difficult and it takes much time. That’s why banks try to eliminate insolvent and poor debtors. While debtor’s evaluation every factor plays very important role: has he earlier had any other loans? What is his salary? What is his profession? The higher demands are made of creative personalities (artists, designers, musicians, etc.) and of those who get some profit from sales (managers, salesmen). As their earnings are not stable, and banks need regular loan payments.

Those people who receive salary in the envelope have particular complexity while credit opening. As their official income is trivial, sometimes it is impossible to confirm it. To take a loan on a guarantee of such income is also impossible. The only thing to do is to get a loan on a security of one’s property (movables and immovables) or to find a loan guarantor. Lots of people change their place of work in order to get a hypothec loan without any problem on the official income reference.