The demand for a loan without Credit Bureau is high. When looking for a loan, many do not know that it can also be done without a credit intermediary. If you want to make it easy to find a loan, you can of course use the help of an intermediary. Nevertheless, the conditions of a direct offer should at least be known so as not to fall into a cost trap.
Credit without Credit Bureau, the demand is high
Almost nine percent of all adult Germans have at least one negative Credit Bureau entry. You are cut off from normal credit supply. Even a goods order on account, which becomes a game of chance with a bad Credit Bureau. It is not uncommon for the data from the Infoscore to decide whether to send the goods on account and to link the Credit Bureau data. The network of credit bureaus is growing ever closer to people who have not always met their payment obligations on time.
A forgotten reminder can lead to negative Credit Bureau information. For a loan without Credit Bureau, the demand is therefore constantly high. Countless advertising offers in newspapers and the Internet promise a way out of the credit crunch. A look behind the scenes shows that advertising for the loan without Credit Bureau often promises more than is kept. In addition, not only reputable credit placement companies advertise the possibility of a Swiss loan, in which the Credit Bureau is excluded. They try shamelessly to exploit the credit crunch with various tricks.
It is helpful to better assess the credit opportunities and to know the credit terms of the direct provider to whom serious offers refer.
Credit conditions for loans without Credit Bureau
The usual loan without Credit Bureau comes from Liechtenstein. Only two different loan amounts are offered. You can apply for 3,500 USD or 5,000 USD. A fixed term of 40 months applies to both loan offers. Special repayments are only possible against payment of an additional fee. The effective annual interest rate, which includes all credit costs when taking advantage of the direct offer, corresponds to the level of an overdraft facility. For the small loan amount, 11.62 percent effective annual interest is calculated; for the large amount, it is 11.61 percent.
The loan application is very simple. Personal data is required, income, possible attachments and existing credit obligations are requested. Neither a guarantor nor a co-applicant are required in the loan application. In addition, there is no rubric in which property collateral could be entered. The loan without Credit Bureau is secured only through extensive assignment of future income.
Mercilessly sort out dubious loan offers
The demand for loans without Credit Bureau is high, but serious credit brokers generally only charge a success fee. Neither in the fine print nor in the terms and conditions may costs be hidden that are not exclusively linked to successful loan brokerage.
Anyone who is asked to save funds, take out life insurance or something similar is not dealing with a reputable credit broker. The SMS with the request to call a service hotline is also a fake. The documents of the consumer associations clearly prove that no matter how the prospective customer behaves, there is no loan. Every euro already paid is irrevocably gone.
A loan without Credit Bureau or demand from Credit Bureau can only come from a reputable credit broker or from a direct provider.