A negative Credit Bureau contains at least one negative characteristic. Serious loans are characterized by a fair interest rate, the proper calculation of the annual percentage rate and the waiver of the calculation of inadmissible fees.
A negative Credit Bureau does not absolutely exclude borrowing in Germany
At various banks, a serious loan can be taken out after a case-by-case assessment despite a negative Credit Bureau. The prerequisite for this is that it is a soft negative feature and the loan seeker believably demonstrates the meantime improvement in his overall financial situation. For owners of private pension insurance or life insurance, a serious loan is available from the insurance company despite a negative Credit Bureau. In this case, the insurance customer gives his own payment claims, so that a Credit Bureau request is not necessary thanks to the clear credit protection.
The procedure is not suitable for Riester pensions and Rürup contracts, the loaning of which immediately leads to the recovery of the state allowances or the tax benefits granted. Existing credit lines can usually be reused at any time even if Credit Bureau has become negative in the meantime. With rare exceptions, a new credit rating request is only made if your owner wishes to increase the amount available.
A similar procedure applies to follow-up orders in retail, because if you want to pay in installments again, the internal creditworthiness is more meaningful than the Credit Bureau information. As a further domestic solution, a serious loan is possible despite the negative Credit Bureau from private individuals. Appropriate loans are brokered online via various platforms.
The potential lender receives extensive information about the overall financial situation and the creditworthiness of the inquirer, whereby the mutual contact details and bank details are only known to the platform operator. To a large extent, private lenders deliberately draw inquiries from applicants with a negative Credit Bureau and thus support loan seekers to whom banks are reluctant to offer a loan.
Borrowing with negative Credit Bureau in Switzerland
A serious loan often comes from a bank in Switzerland or Liechtenstein despite a negative Credit Bureau. These financial institutions do not have access to the Credit Bureau data and only evaluate the creditworthiness of a credit customer on the basis of their current earnings. Swiss loans over $ 3500 must always be applied for through a credit agency. This works seriously by only charging an appropriate success commission and no upfront costs. The serious Swiss loan is not a foreign currency loan, but is paid in dollars.