MISCONCEPTION ABOUT CREDIT
Fatal mistakes in credit without credit bureau information – the truth & nothing but the truth. Between misbelief & madness! fondazione-blu.org has details
More and more people are desperately looking for a loan without credit bureau information. In the hope that despite your scandalous credit bureauscore you can still find a lender, where you can borrow money quickly and easily!
Very often, consumers are misled when they read about a loan without credit bureau. The simple designation and advertising of loans without credit bureau gives the consumer the impression that you can apply for a loan without credit bureau!
However, this appearance is wrong.
The mere term credit without credit bureau gives the false impression of obtaining a loan without credit bureau! This also applies to a mini loan without credit bureau.
Ie aso. The mere term credit without credit bureau does not mean obtaining a loan without credit bureau!
I repeat. The misconception and the appearance given by advertisements on the Internet that you can borrow money with a loan without credit bureau without doing a credit bureau query will take place is simply wrong and misunderstood and interpreted indiscriminately.
Most lenders (direct banks) as well as online loan portals as well as more and more private lenders mean only that one can apply for a loan without credit bureau impact.
I repeat. Lenders who advertise a loan without credit bureau to forgive mean that you can apply for a loan without negative effects on the credit bureau!
Once you understand this huge difference, you as a consumer realtiv quickly realized that a loan without credit bureau is not what you have actually sought and what you had hoped.
For the majority of people looking for a loan without credit bureau, including a loan without credit bureau information to get. Or to make it even more different and clearer. This means that you can apply for a loan without a credit bureau query!
The principal wish of the borrower is thus to obtain a loan without credit bureau information, because one already knows that one has entries in the credit bureau and conventional banks for this reason the loan request will refuse.
You can clearly see how great the frustration of consumers on the Internet is. Because the importance of applying for a loan without credit bureau can not be clearly differentiated from the point of view of the consumer.
For years, I try to explain this circumstance. The bottom line is, however, that banks, direct banks, online portals as well as private lenders still use this name because it is very often searched for on the internet.
- Credit without credit bureau credit
That is, the advertising parties use this buzzword for marketing reasons. However, this circumstance leads the consumer into a dead end. And the most common reaction from customers is anger and frustration.
A credit without credit bureau can clearly be defined if the additional information is added to the information or query. So a loan without credit bureau information or a loan without credit bureau query.
With the additional formulation of requesting a loan without credit bureau information, it becomes clear that this is a loan without credit bureau query.
This additional note thus gains a high priority. And thus a loan without credit bureau information is clearly delimited from a loan without credit bureau.
So how can you get a loan without credit bureau?
There are actually on the Internet “real” offers and advertisements where it is explicitly stated that in a loan request no credit bureau information is requested.
These direct banks as well as private lenders promise to do no credit bureau query. These providers are either foreign loans or private lenders.
Both of them have no contract with the credit bureau in this case, and inquiries to credit bureau about creditworthiness and / or creditworthiness therefore do not materialize.
Please keep in mind: credit bureau is only a company where data is stored by you. I always point out to perform a free credit bureau self-information and also to carry out all other stored data from all other information.
In my article credit bureau you will find a free template and sample letter as well as a list of all information and email addresses, with the help of which you can make a credit bureau self-disclosure in only 5 minutes completely free of charge!
Also foreign loans as well as private donors are interested before the lending to assess the risk of default or to get evaluated by other sources!
That is, even the mere advertising of a loan without credit bureau information to give, does not mean that no credit check will take place.
This circumstance also often leads to anger and frustration among consumers. Because borrowers who are looking for a loan without a credit bureau query firmly believe that under these circumstances, your credit rating will not matter.
However, this is a misconception and a mistake. A false assumption that in reality suggests massive refusals of credit inquiries.
The frustration and anger of consumers is increasing and the image and reputation of direct banks, online portals, foreign credit and private lenders is declining.
As explained so far, it is therefore possible to apply for a loan without credit bureau information. At the same time, however, one must not misunderstand this and have the mistaken belief that a credit check without credit bureau information is not a credit check.
As a rule, there is no “general” credit without a credit check. However, there are so-called “real” loans without credit bureau and proof of income.
These types of loans fall into the category of exceptional loans and are generally not offered by traditional banks, direct banks and private lenders. Which types of credit are involved?
The mortgage loan
The first loan is the so-called mortgage loan. The Prandkredit is a genuine credit bureau free loan. A movable object of value is brought to the pawn shop. The value is estimated and a loan amount is determined.
The good thing about a pawn shop is the fact that you get cash immediately and without any credit check or proof of income.
In addition, pawnshops are regulated by law. That is, an interest usury is excluded and the rules, laws and provisions on the expiration of a pledge are clear and strictly regulated for the protection of consumers.
A misuse or misconduct of a pawn shop leads to the withdrawal of the state license. For this reason, pawnshops are interested in not passing regulations!
The policy loan
Another possibility and form to obtain a loan without credit bureau information, is the so-called policy loan!
If you have a capital-forming life insurance (can also be a fund-covering life insurance as long as this includes capital-forming experience premiums) then this can be used in the form of a direct loan.
Suppliers comply with the so-called repurchase value of the insurance policy. The surrender value is calculated by the insurance company. The longer the life insurance is active and premiums have been paid, the higher the sum of the revaluation value.
Providers of a policy loan are based on the surrender value of the insurance policy. A certain part is calculated and paid out as a loan amount. Depends also on the form of the life insurance.