Installment payments for Internet purchases, in mail order companies or in the branches of the large supermarkets are not uncommon. As a rule, it is sufficient for the buyer to present his EC card. Most traders do not require a pay slip or employment contract. Only the creditworthiness is checked. If there are no complaints, the goods will be delivered or the customer can take them home with them. Payment is made in monthly installments. Installment purchases are always reported to Credit Bureau.
Loan despite payment in installments
However, the situation may arise that a loan is needed. An inquiry to a bank now of course shows through the Credit Bureau query that one or more installment contracts already exist. A loan despite payment in installments is still possible, because these are not negative entries, but only a message about the purchase in installments. A negative entry would only come about if the installments were no longer paid.
Include the rates
If you want to take out a loan despite payment in installments, you should consider adding this installment purchase to the loan amount. So everything can be paid in one place and traders do not charge early repayment if an installment purchase is replaced prematurely.
Can the bank say no?
Basically, there is no obligation on the part of the banks to grant a loan to a customer. However, the legitimate question arises why she should refuse a loan if Credit Bureau has no negative entries about the customer. Should a rejection nevertheless occur, it can only be due to the salary and the bank fears that there will not be enough left to pay the installments to the bank.
A clarifying discussion would certainly help, because rescheduling, i.e. including the hire purchase at the same time, would reduce the risk. Basically, however, you should think about when and what a loan is actually necessary for. There are always risk factors that are all too easily overlooked.