Anyone who wants to take out a loan is screened at most banks on the credit bureau. A bad scoring at the credit bureau, then blocks the loan application. A bad credit bureau is an absolute exclusion criterion for all normal installment loans. The only way is to take out a loan without credit bureau. Unpaid bills, bankrupt loans – the way to the credit bureau entry is short and hard to undo.
If a loan is denied, caution is advised, perhaps the way to the debt counselor is the right and not the bank to take another loan. Of course, entries in the credit bureau may also have been created by mistake. Insist on a correction of the data here. It can also be an option to obtain a loan without credit bureau from abroad. Foreign banks do not check German credit bureaus. However, if you are looking abroad, you have to expect high interest rates, because the banks can think of the motives. In addition, the banks abroad require a credit check, the effort to get a loan is great.
Our loan calculator
We have a loan calculator that is specially designed for borrowers with difficult financial history. There are quite offers that offer. However, it is important not to get hold of dubious credit intermediaries. These often demand horrendous fees before even a credit agreement comes about. Mediators know that the water is often up to the neck when looking for a loan without credit bureau. Many credit intermediaries use this predicament to make false promises.
In our calculator, there are only offers that can be obtained without processing fees. Of course, we can not guarantee a successful application. Even lenders who give up information on credit bureau only grant credit if they believe in repayment. For the loan without credit bureau and the greater risk, the lenders can be paid accordingly. If you are looking for a loan outside the credit bureaus, you have to adjust to higher interest rates.
To act with caution!
As already mentioned, there are many black sheep around non-credit bureau loans. The loan seeker is often under great financial pressure and a loan is often the last resort. This situation is used by credit intermediaries. The hope lets the borrower forget all caution and the credit intermediary takes advantage of this. The following factors should be taken care of:
Credz receiver: Hardly a provider will get involved without extreme security on a Credz recipient as a borrower. Quite apart from the credit bureau scoring, the disposable income is simply too low to realize a repayment. If you are a Credz recipient and get a loan offered without credit bureau review, you should be careful.
Charges for speeding up: People often have problems with credit bureau, but a loan is also looking for time pressure. Thus, credit providers advertise with an accelerated processing time if an additional fee is paid for it. These offers do not stand for serious financial trading.
Fees in advance: Often require brokers for a loan without credit bureau in advance of fees for processing. The fees apply regardless of the payment of the loan. In many cases there will never be a confirmation or payment, but the fees have already been paid.
Compulsory insurance: If you are obligated to take out insurance policies around the loan agreement, you should exercise caution. At the brokerage of insurance, the credit intermediary always earns. There is a risk that the intermediary can not convey credit at all, but simply wants to earn the insurance.