Is there a loan without Credit Bureau information and without a credit check? Anyone looking for a loan without Credit Bureau will be surprised at what is advertised. The article provides a look behind the brisk advertising slogans.
Credit without Credit Bureau information without credit check – serious?
Competition between credit intermediaries is tough. Only those who advertise with pithy sayings, at least hint at the impossible, have the chance to submit their offer. The promotion of a loan without Credit Bureau information – without a credit check or without proof of creditworthiness is one of these typical advertising offers. The loan is advertised without Credit Bureau as a way out of every conceivable financial crunch. Even a loan without Credit Bureau despite an arrest warrant is advertised.
It becomes really amusing when a loan comparison of the credit providers for Credit Bureau-free loans is advertised. A spark of truth cannot be denied to any of the potential test winners. In the present there is exactly one approved credit provider who can grant the loan without Credit Bureau in Germany. Any serious loan offer since December 2010 can only relate to Lite bank from Liechtenstein.
All previous credit providers that existed without a doubt until 2009 have disappeared. Either the Bafin (banking regulator) or the financial crisis have literally swept them off the market.
Credit requirements for credit without Credit Bureau information
A loan without Credit Bureau information – without a credit check by Credit Bureau, you can only apply for two loan amounts. A loan of USD 3,500 could be taken out at the annual percentage rate of 11.62 percent. The second option is a loan of 5,000 USD at an annual percentage rate of 11.61 percent. Both loan offers have a term of 40 months. (As of 03.10.2013)
Only those who are in permanent, permanent employment contracts are qualified to use one of the loan offers. The creditworthiness is proven by the last salary slips and the bank statements of the last three months. The net income from work must also reach a certain level. For single people, a net monthly income of 1,100 USD or more is required to qualify for the loan option with a loan amount of 3,500 USD. For the USD 5,000 loan, the net income should reach around USD 1,600.
The loan is secured only through a declaration of income transfer. The declaration can only be made valid, it is authenticated. It would be possible to go to the notary. Authentication in citizen advice is cheaper.
Credit without Credit Bureau and credit check – risks
The loan without Credit Bureau can be applied for through a credit intermediary or directly at the bank. Regardless of the way in which the loan was applied for, the loan is rejected, then any further loan search is meaningless. Anyone who continues to strive for a loan will sooner or later come across a dubious provider. Loan advertising is often misused to make money elsewhere.
It is possible to get to an address retailer. He is happy to include all the data in an online loan application. The sale of the data is approved by agreeing to the terms and conditions. Possible interested parties would be the large scoring providers.
A loan without Credit Bureau information and without a credit check is only available from the pawnshop. The deposit replaces the credit check.