A serious small loan without Credit Bureau is not offered by German banks. Anyone interested in the loan without Credit Bureau should contact a credit broker. Loans without Credit Bureau are the alternative if loan applicants cannot get credit from German banks due to their negative Credit Bureau. In addition, a serious small loan without Credit Bureau information is also intended for consumers who do not want the current small loan to be in their Credit Bureau.
The Credit Bureau-free loan can be particularly helpful if a larger loan is planned for the financing of a property in the foreseeable future. Some credit brokers advertise on the Internet and in the print media that they can help loan seekers even in difficult and actually hopeless cases. In doing so, they attract customers with no credit rating who apply for credit and believe that it is a serious small loan without Credit Bureau.
What the Credit Bureaufree credit is really about
It is true that a serious small loan without Credit Bureau can usually be obtained through a credit agency. It is a foreign bank based in Liechtenstein that grants small loans to German consumers without overtaking Credit Bureau. However, even serious credit without Credit Bureau is not granted blank. The borrowers must also prove their creditworthiness to Sigma Kreditbank AG. Credit Bureau-free credit is not a credit that everyone can get.
In addition, this loan offer is really a small loan. Either 3,500 dollars or 5,000 dollars are awarded. Loan seekers with poor Credit Bureau who need more money will also remain unsuccessful through a credit broker – at least when it comes to a Credit Bureau-free loan. It is not possible for several of these loans to be taken out at the same time. If you need 10,000 dollars, you can’t just take two for 5,000 dollars each.
The loan without Credit Bureau is the appropriate small loan if a secondary loan is needed that should not appear in the Credit Bureau. For example, if you want to finance a property in the foreseeable future or have planned a civil servant loan, you need a clean Credit Bureau Solution.
What a serious small loan without Credit Bureau costs
Normally, the interest for the Credit Bureau-free loan is higher than the interest for a comparable loan from German banks. This has something to do with the greater risk that the Liechtensteiner Bank takes if it lends without having seen the customers Credit Bureau. In addition to the usual credit costs, the commission that the credit broker demands is added to the Credit Bureau-free loan. There is no binding information from the credit intermediaries in advance about their amount. However, this agency fee is not to be paid in one sum. It is apportioned to the monthly installments.
Who can get a small loan without Credit Bureau
Because the foreign bank waives the Credit Bureau, it needs other collateral from the borrower. German customers must always be able to present a permanent employment contract that has existed for a year. They may no longer be in the trial period and their income must be attachable.
The offers are not aimed at the self-employed, freelancers, students, trainees, unemployed and Hartz IV recipients. That comes with the advertising that credit intermediaries do, mostly not so much.
Choose the right credit broker
When choosing a credit intermediary, loan seekers should always consider that they are choosing a reputable intermediary. Only then can you get a serious small loan without Credit Bureau. You can tell whether a company is legitimate or not by the fact that there are no upfront costs for processing the request and creating an offer. It is very dubious if loan seekers have to call expensive hotlines or have dubious letters sent as cash on delivery.