Apply for credit bureau-Free Credit

Would you like to apply for a credit bureau-free loan? Then you have two options. Either directly through the website of the loan provider or through a loan broker. The article provides all the information you need to apply for a credit bureau-free loan.

Apply for credit bureau-free credit – credit intermediary or direct loan?

Apply for credit bureau-free credit - credit intermediary or direct loan?

If you want to apply for a credit bureau-free loan, you are often not sure to choose the right loan provider. The advertising of the credit mediation industry promises credit bureau-free loans in almost every situation. Even the promise of not getting a loan rejection is sometimes given in advertising. A credit broker could pre-screen and reduce the risk of rejection. The justified concern is only to get to a reputable credit broker.

With all advertising promises, everyone should still be clear that a loan that cannot be refused does not exist. credit bureau-free loans only allow the credit check to be bypassed using the credit bureau statement. The creditworthiness is proven by the labor income. Another false impression created by the extensive advertising is the hope of a large number of different loan providers. Again, the impression is not realistic.

Loan provider for the loan without credit bureau

Loan provider for the loan without credit bureau

With the intervention of BaFin (banking supervision) and the consequences of the financial crisis, the number of legal credit providers has shrunk extremely. credit bureau-free loans can only come from two sources. A private donor would be possible. This is not advisable since these loan offers are not subject to any regulatory supervision. The chances of being cheated are high.

The second option would be to be able to apply for a credit bureau-free loan from a foreign bank. In this case, as far as is known, all serious – legal loan offers from the credit brokerage industry can be traced back to just one credit bank. It was only since the end of 2010 that people residing in Germany could apply for a credit bureau-free international loan.

credit bureau-free loans from Liechtenstein

credit bureau-free loans from Liechtenstein

At present (as of October 17, 2013), as far as is known, only bank lenders offers a no-credit bureau-free loan for prospective customers from Germany. You can apply for two different small loans. A loan amount of 3,500 USD and the net loan amount of 5,000 USD are possible. For the 3,500 USD loan, 11.62 percent effective annual interest is calculated, for 5,000 USD it is 11.61 percent.

Who can apply for the credit bureau-free loan?

Who can apply for the credit bureau-free loan?

The credit bank only grants credit opportunities to people who have been employed by the same employer for at least one year. In addition, no garnishment or assignment of wages may exist. Interested parties who are in private bankruptcy or who have submitted the EV are also excluded.

There are also clear requirements for the borrower’s net income. Anyone wishing to apply for a loan of USD 3,500 as a single person must provide evidence of at least USD 1,130 net working income. For the loan variant with 5,000 USD, it is 1,600 USD.

Anyone who would also agree to a loan despite credit bureau has advantages in presenting their concerns through a credit broker. If you only want to apply for a credit bureau-free loan, you save if you make the application directly on the credit bank’s website.

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