I applied for a loan registry amnesty when the credit rating gets better

Due to the increasing number of unpaid debts and SMEs becoming unable to do business, the amnesty was issued by millions of applicants at the beginning of last year. Within the scope of this regulation, it was announced that people who paid or structured their debts would be able to use loans as if they had not been blacklisted, but there were some important points separating 2017 amnesty from previous registers.

For example, consumers do not go out of the blacklist even if they benefit from registry amnesty. Unfortunately, we can say that the registration amnesty is not at the desired level. Let’s continue now.

Consumers who owed money to the bank

Consumers who owed money to the bank

Or a different financing institution and were blacklisted due to their failure to pay this debt were allowed to use loans as if they were not on the blacklist if they paid or configured their debts between January 27, 2017, and July 27, 2017. As of 2019, the situation of those who benefit from this amnesty continues.

In this context, there is no application to be made, or a petition to be prepared based on the payment of the debts of the persons. Giving loans to consumers from the moment the debts followed up through TBB is closed, which means any legal sanction for banks.

As it is known, it is not possible for the consumers who are on the blacklist to benefit from bank credits or banking products for 5 years. However, with the 2017 registration amnesty, the way for consumers who pay or configure their debt is treated by banks as if they were not on the blacklist. Before the registry amnesty law, the fact that banks gave credit or banking products to a blacklisted person caused serious sanctions.

It was precisely at this point that confusion arose because consumers realized that it would be treated as if it was not on the blacklist when they thought they would be out of the blacklist. Namely, even if the debts are closed or structured within the scope of the amnesty, 5 years must be waited to get out of the blacklist. In other words, it is still on the blacklist, but it is possible to use banking products such as credit or credit cards in this process.

When will the records be cleared?

When will the records be cleared?

As mentioned above, registry amnesty does not open a new page for consumers and SMEs like previous registry amnesties. Therefore, consumers who have paid or structured their credit debt in the past are not required to make an application or write a petition to get out of the blacklist.

When a person on the blacklist sends a loan application to the bank, it is checked if he is the debtor and it is determined that he has benefited from the amnesty. After this point, it is entirely at the discretion of the bank to give credit. It is necessary to wait 5 years before leaving the blacklist.

Does Credit Rating Increase After Registration?

Does Credit Rating Increase After Registration?

Registry amnesty is a temporary arrangement that allows the use of banking products such as credit or credit cards, even if the registry is blacklisted, not cleared.

Therefore, even if the credit rating is likely to increase due to the payment or structuring of the debt, it is not possible to increase the credit rating since the registry amnesty is used.

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