A loan with a negative Credit Bureau is not impossible. The usual credit institutions are ruled out as sources of credit, but there are still options. The article describes more about the possibilities and costs of a loan despite Credit Bureau.
Loan with completed negative Credit Bureau – problem
For a loan with a completed negative Credit Bureau, the creditworthiness is missing from the usual sources of credit. Despite the payment of the debt, confidence in creditworthiness continues to be impaired. Even on request, the entry in the Credit Bureau cannot be deleted. It takes three years for the Credit Bureau system to operate automatically and the entry to disappear.
Up to this point, neither a bank loan nor a loan from a department store or mail order company is possible. Every negative Credit Bureau entry, whether paid or not, has a knock-out effect on the credit request. Nevertheless, not only the pawnshop remains as an alternative for those affected. Once the financial low point has been overcome, Swiss loans without Credit Bureau offer themselves as a loan option. In addition, private donors can fulfill the loan request.
The more convenient, and above all, faster way is to use the offer of credit intermediaries and direct providers for foreign loans with a good income situation. These credit options are advertised primarily by the credit brokerage industry.
Credit despite Credit Bureau – what does it cost?
First of all, about the agency costs for the loan with a completed negative Credit Bureau. However, many large credit intermediaries have started not to report these costs separately. They are already included in the interest rates offered. Despite Credit Bureau, the loan can come from Germany or abroad.
If only two loan amounts – $ 3,500 and $ 5,000 – are offered with a term of 40 months, it is a foreign loan. This offer for the loan without Credit Bureau comes from a Liechtenstein bank company. The effective interest rate of this loan offer is 11.62 percent for the smaller sum and 11.61 percent for the 5,000 USD variant. Processing costs are also charged. The loan amount of 3,500 USD is 164.00 USD, for the larger amount 224.00 USD are payable.
The monthly installments amount to $ 105.95 each for the loan amount of $ 3,500. For 5,000 USD credit without Credit Bureau, 40 constant monthly installments of ‘151.35 USD are to be paid.
Unfortunately, no such precise information can be given on the credit terms of possible lenders from Germany. None of the local providers has an equally dominant position as the Lite bank.
Credit despite Credit Bureau from private
It is not just commercial loan lenders that offer the loan despite the Credit Bureau entry being paid for. Private investors are more willing to take risks and do not use computer programs to check their credit decisions. If the scoring value H can be reached, all major portals are available for the loan search.
It is important to correctly present the loan request. Private lenders don’t just make their credit decisions rationally. If they succeed in gaining trust, then there is a fair chance of getting the loan approved with a negative Credit Bureau.