A loan despite credit bureau entry without guarantor is basically, but not always possible. This requires that you contact a lender who refrains from obtaining credit bureau information. In some cases, a loan from a German bank, a Volksbank-Raiffeisenbank or a savings bank is possible. However, you should be aware that this is only possible if the existing credit bureau entries are minor.
Debt and credit bureau
Debts can very quickly lead to a negative credit bureau entry. This applies regardless of whether these debts are in the form of unpaid invoices, non-adherence to contractual obligations or other arrears of any kind. Some negative credit bureau entries are more serious, others less serious. For this reason, it is necessary to differentiate very precisely. The creditworthiness of the borrower depends to a significant degree on the nature of the negative credit bureau entries. Another very important factor is the amount of income.
Employees basically have the best chance of getting a loan despite credit bureau’s entry without guarantors. This applies both in the event that they submit the loan application to a foreign bank and in the event that they submit the loan application in Germany. For the self-employed and freelancers it can be very difficult to find a suitable lender at all. Negative credit bureau entries further complicate the search for a loan. In other countries, lending to the self-employed is often completely excluded. This also applies in the event that these individuals target a high income.
A loan despite credit bureau entry without guarantor is excluded as a rule, if in addition to the credit bureau entries is still an entry in the debtor register at the district court. This is always the case when a person is in private insolvency proceedings or in standard bankruptcy proceedings. Even a sworn affidavit leads regularly to an entry in the official debtor directory. It can be viewed by anyone and has not only extremely negative effects on the creditworthiness, but also on other contractual relationships. For example, with an entry in the debtor directory it is almost impossible to rent an apartment. This can be difficult even with serious negative entries in the credit bureau.
Basically, it is recommended that you do not borrow new credit when you have high debts, but that you have to go other ways. If there is no prospect of repaying the debts in the near future, it would be strongly recommended to seek out a state-approved debt counseling service. If she is serious, there are no costs for it.
Basically, a distinction must be made as to whether a loan should be taken despite credit bureau entry without guarantor in Germany or abroad. If you have tried unsuccessfully to obtain credit from your house bank or another bank, you can, for example, contact Soulcredit Bank in Liechtenstein. This bank is responsible for the lending of such loans, which have become known as Swiss credit. For some years, however, these loans no longer come directly from Switzerland.
If you have a fixed income of at least 1150 euros net per month and have been employed by your current employer for at least one year, you already meet the basic requirements for lending to Soulcredit Bank. To apply for credit, you should have your current proof of income and a copy of your current employment contract. You must send these documents together with your loan application to the bank in Liechtenstein. A personal appearance in Liechtenstein is not required. This not only saves costs, but also saves considerable time. The examination of the loan application is usually very fast. This is especially true if you have submitted all the documents in full and if there are no further questions. After the approval, you will immediately receive a message and the loan despite credit bureau entry without guarantor can be transferred to your account, cash paid by postal order or delivered by courier. You choose yourself which variant you prefer. Once the money has been received, you can dispose of the loan despite credit bureau entry without guarantor in the desired manner.
A loan despite credit bureau’s entry without guarantors can be differentiated into a free-to-use installment or consumer credit and a car loan. Both loan options are available to Deutsche at Soulcredit Bank. They differ in their purpose. While there is no restriction on the use of an installment loan, this is completely different for a car loan. It is intended only for the financing of a new car or a used car.
The possible loan amounts vary with a loan despite credit bureau’s entry without guarantors. Soulcredit Bank generally offers either 3500 Euro, 5000 Euro or 7500 Euro. For a loan with a loan amount of 7500 euros, the requirements are slightly higher than for all other loans. For example, it may take you not just one year but four years to work for your current employer and not to be dismissed. Only if you have ever received a loan despite credit bureau entry without guarantors in this way, may be sufficient for an employment relationship that has existed for a year.
The repayment of a loan despite credit bureau’s entry without guarantor has to be made in even monthly installments. On the one hand, these installments consist of a repayment amount and, on the other hand, of the debit interest. You have to expect that Soulcredit Bank will charge higher lending rates than most German banks. The risk of lending and eventual default is always higher for a non-credit bureau loan than a credit bureau-rated loan. In the latter case, the bank can get a much better picture of the creditworthiness of its client. For this reason, the interest rates are sometimes much lower.
For a loan without credit bureau from Liechtenstein you have to expect a borrowing rate of around 11%. It may also be slightly higher than that. The term of a loan without credit bureau from Liechtenstein is usually 42 months. However, you only have to pay repayment installments for 40 months as the bank grants you two grace-free months immediately after disbursement of a loan despite credit bureau’s entry without guarantors.