Whether rescheduling is possible despite attachment depends on various factors. The type and scope of the attachment play a particularly important role. A seizure of wages or salaries is visible to every potential lender, as it is not only noted on the current proof of earnings, but also in the private credit checker.
Garnishments of wages or salaries
A garnishment of wages or salaries presupposes not only that the debtor has not responded to several reminders, but also that there is a current enforcement order. For the employer, the attachment is always associated with considerable additional effort, since he has to transfer part of the salary to the creditor.
Only the other, unencountable portion is transferred to the defaulter. In this situation, it is all too understandable for the employee to express a wish to pay off the debt and to take out a new loan. If at all, this project can only be realized if the employee turns to a private lender or a private credit broker.
Property or account attachments
If there is no possibility of seizing the wages or salaries, the creditor will be happy to take further drastic measures. This can include, for example, the attachment of valuable items or the current account. In the latter case in particular, it will be very difficult to reschedule debt despite attachment. A seizure of property also results in a negative private credit checker entry, which should at least inform the German banks or savings banks. The situation may be a little easier for a foreign bank.
If a good income is available, which is paid regularly and is not seized, there should be nothing to prevent debt rescheduling despite the attachment. A loan without private credit checker can be paid out either by post or to the borrower’s checking account. In the former case, there is a guarantee that the lending will be handled particularly discreetly and anonymously. The same applies to the payment of the monthly credit installments, which can also be made by post.