8 Facts – This is how a credit bureau-free loan can be applied for
A credit bureau credit is a loan made without a query of the credit bureau score. Also known as Credit Without credit bureau, credit bureau rates (as does other credit) your credit rating. This rating often results in a problem with a loan request. How to solve this problem and how to apply for a “true” non-fictitious credit – all this can be found here in just 5 minutes.
If you have taken out a bank loan in the past, or ordered directly from the mail order company a mobile phone on account, then this is usually entered in the credit bureau. This also makes it clear that this loan was not a credit bureau free loan.
In addition, the request is increasingly made to make loans without credit bureau and proof of income. Also, I report in detail. But read on here. Is there actually a possibility to apply for a loan without credit bureau information and credit check? And if so, how should that work?
Facts about the credit bureau-free loan
This means that all outstanding debts and credits are recorded in the credit bureau. And not only that. Of course you will also notice if you have repaid your debts in due time. Or if outstanding claims are still outstanding.
If this is the case, then it has a negative effect on your so-called credit bureau score. This is a points system, with which your credit rating is evaluated. The lower your score, the worse your credit rating.
If it has now been established that the house bank does not want to lend money, and even a credit line is no longer suitable, then one can assume that your creditworthiness is no longer sufficient.
If this is the case, more and more borrowers are trying to apply for a loan without credit bureau. In this case, the credit seeker understands finding a lender who refrains from asking the credit rating of credit bureau. Other term for this is also a credit bureau free loan.
The question to answer here is clear. Which online banks or private lenders offer a loan without credit bureau query? That is, a credit bureau-free loan, in which, regardless of a credit bureau entry, the lender is still able to lend money!
Who Offers Debt Free Loans? And how can a credit bureau-free loan be applied for?
1. Commercial banks do not grant credit without credit bureau
Facts, facts and nothing but facts. First of all, we should be completely clear about one thing. Conventional commercial banks in Germany, Austria, Switzerland, Luxenburg, Lichtenstein, etc. never grant credit without a credit check.
Commercial banks in Germany are required to make an inquiry about creditworthiness when applying for a loan. It becomes clear that any conventional bank can only grant a loan with credit bureau query. If the credit rating is too low, the application for a loan will be rejected immediately.
2. credit bureau-free credit with direct banks / online banks
The good news. There are direct banks and online banks which also advertise a loan without credit bureau query. But attention. Even though these banks advertise a loan without a credit check, this is only partially true.
Why? Direct banks also need collateral. And even online banks will check your credit rating. It may be that some banks interpret the valuation of credit bureau differently, or completely ignore it.
But there are also a lot of other sources of information where the online bank can obtain information about your creditworthiness.
Nevertheless, direct banks have a big advantage over conventional banks. As a rule, the acceptance criteria are to get a loan “relaxed”. This means that the chances of getting a loan despite credit bureau’s entry are considerably better than with commercial banks.
Note: As you can see from these facts, it is now clear that even with online banks operating in Germany is not a “pure” credit bureau-free loan.
Because even here, your credit rating plays an essential role in lending. Well. Which alternatives are there? Private financiers, let’s talk about it very clearly.
3. credit bureau Free Credit and Private Lenders
If one has so far tried all the banks to get money and one was nevertheless rejected with his loan request, then private lenders often form a good alternative. Here, too, I often receive requests about not being able to get a private loan from a private lender – a private non-lending loan, so to speak.
Now I want to put all facts on the table. It is obvious that there are private lenders trying to make money from the lending business.
And yes, it is also true that it is very often the case that private financiers do not work with the credit bureau. This means that the chances compared to traditional banks, are much higher, to obtain a debt-free loan by means of private lenders.
However, it is also obvious that private lenders will also do a credit check. Even private investors want to know how high the default risk is and what collateral is given. In turn, if there is an audit of your creditworthiness, it will be difficult to get money. And so it is just as clear that even a private credit without credit check is hard to obtain! Nevertheless, one often has a much higher chance with private lenders to get a loan with credit bureau entry, because in this case too, the financial situation is dealt with individually.
4. Foreign loans without credit bureau query
Now we put something on top again. What do foreign loans without credit bureau query have to offer? And which providers and banks are there? And can a Swiss credit without a credit check be applied for?
What is behind these questions? Again, I researched for you. And here too I let the pants down. Facts, facts and nothing but facts.
As you should already know from the first points, there are actually no banks in the world that are given a credit without a credit check. This means that even if the bank is abroad, usually your creditworthiness is checked.
If banks have their headquarters outside Germany, then it is true that there must be no cooperation with the credit bureau. And yes, there are also banks abroad that advertise in Germany to give a loan without credit bureau query.
But attention. This is the same as with online banks or direct banks. The mere statement that a loan without credit bureau query is offered, this does not mean that no credit check is made.
One of the most well-known banks abroad, which also grants foreign loans to borrowers in Germany, is Sigma Bank, headquartered in Lichtenstein. There, loans are given up to a maximum of 7,500 euros. With today’s state of affairs. The amount and terms of the loan may change at any time.
Despite the fact that it is advertised that you can apply for a loan without credit bureau query, but also for foreign loans is not a real credit without credit check.
But still the good news in advance. Read more, because there is actually the possibility to get a real loan without credit bureau query. Yes, you have read completely correctly. I am talking about a real credit without credit check. That really exists.
But now continue with all my research, in the jungle of credit madness!
5. Credit card without credit bureau
Next we find the credit card without credit bureau. Again, banks as well as credit card operators have probably wondered how one could win customers with it, if one offers a credit card without credit bureau query.
I also did my homework in this regard and did a lot of research. And what did I find? Here is my result.
If you search on the internet or on google for a credit card without credit bureau, then you will find a number of providers who repeatedly speak of a real credit card without credit bureau query to forgive.
However, if you look more closely, you will find only so-called prepaid credit cards. So, these are not real credit cards where you get money through a loan. But these are credit cards where you have to have money in advance. Because the prepaid credit cards have to be charged with money. Especially useful if you have no money! Grrr .. That is, prepaid cards make no sense in this case. I found a real credit card without credit bureau in Germany anywhere.
However, my research has revealed a find. A credit card without credit bureau from abroad. Again, it is advertised that no credit bureau check is made because the lender is abroad.
The credit card is also advertised as a Golden Mastercard without credit bureau. The desired loan can be applied for up to a maximum of 7,500 euros.
It is made clear that this credit card can only be applied for with an issue fee of € 98.90. That means, in this case, costs will be charged without having a guarantee that you will actually get your preferred loan!
The account-holding and card-issuing financial institution is located outside the EU. Online banking and communication is usually in English. These fees are payable to the intermediary immediately and before card issue. The starter package will be sent by cash on delivery – and the customer pays his delivery fee by cash on delivery
The company that mediates this card is based in the Netherlands and is called VeriPay. As far as there are very polarizing opinions on this card.
Here it goes directly to the provider of this credit card
6. Borrowing money from friends – Credit-free credit
If you really want to apply for a “real” credit without a credit check, then you have the opportunity to contact your friends or your family. You have to estimate yourself whom you can give the confidence to disclose your finances!
It is also important to set up a private money lending agreement. Because even if you want to borrow money from friends, it is important to document this in writing. The most important components in a private loan agreement are.
- loan amount
- running time
- repayment rates
- Due date
You can download here for free our private lending contract. So a sample contract for private money lending or private loan agreement free template and pattern you can find here!
7. The mortgage loan as a genuine credit bureau-free loan
But now it is getting hotter. The Pfandkredit is a “genuine” credit bureau free loan. Yes. Absolutely correct, finally we have landed a hit.
If you have movable valuables, then these can be deposited as a hedge for a loan amount with a Pfandleihaus. This means that you bring the pawnbroker a certain valuable object. The pawnbroker estimates your item and offers you money for it.
The advantage of a mortgage loan is obvious. This is actually a loan without credit bureau query and credit check. Because the pawnbroker is interested only in the valuable item, but not your credit rating or any credit bureau entries.
So you can say that the mortgage loan an instant loan without a credit check and without any credit bureau query will take place.
How high the mortgage credit can be depends on the actual value of the goods and the estimate of the pawnbroker. As a rule, you can get from 25% to a maximum of 50% of the estimated value as mortgage.
The pawn shop gives you a deadline in which you can trigger the pledge again. And as with any loan, so is a mortgage loan. The good news. Pledges are regulated by law, so that it can come here to no interest-usury, provided one turns to publicly admissible Pfandleihäuser.
For pledging almost all items can be used. Cars, electrical appliances, jewelry, etc. etc. The list is almost infinite.
8. Policy Loan – Life insurance loan
Another “real” instant loan without credit bureau query forms a capital-forming life insurance. This means that if you have a life insurance with capital paid in over a few years, then the policy with the so-called repurchase value forms a magnificent object of value.
This also applies to unit-linked capital-forming life insurance policies. If you need money but you do not want to part with your life insurance, you can lend your policy. The policy loan usually offers significantly better conditions than the own insurer. In addition, no regular repayments during the term must be made.
Selling or lending life insurance can be a good option if you want to borrow quickly without a credit check.
The philanthropy loan is indeed a genuine credit bureau free loan. The sale secures further advantages over a termination. A death protection is received, the sale or the loan is not only possible to the payment due date of the policy.
A policy loan means that you can keep the life insurance and so “relatively” günsitg can get a loan – without a credit bureau query.
Schafafreerier credit – all further information
A credit bureau free loan is a type of loan that brings a great advantage. As a rule, the lender does not take a credit bureau query. In addition, the payout speed is particularly fast. For most providers, this is far above that of commercial banks.
Reasons for a credit bureau-free loan
Basically, there are two reasons why you are looking for a credit bureau-free loan. The first reason is because you already have credit bureau entries and you have received a rejection from a conventional bank when making the loan request.
The second reason may be that you want to apply for a loan, which is not entered in any information. That means you would like to borrow money without an entry in the credit bureau.
Whatever the reason. A credit bureau-free loan can be requested immediately and directly from suitable private lenders.
Immediately Ask for a credit bureau free loan request
A debt-free loan can quickly help pay, especially if the account has already been overdrawn.
How can a credit bureaufreier credit despite overdrawn account be possible?
For the first time, it could be possible for borrowers to overdraw their current account due to tied financial investments. E.g. If you have a fixed passbook, or a savings account with a good deposit interest rate agreed and you do not want to attack this savings.
There is no question that actually more money is available, and you are in no financial distress.
A debt-free loan can help with short-term money problems
It is also worth noting the interest of lenders, who tend to put more emphasis on borrower income than minor debt. In addition, the creditworthiness of such loans is hardly deteriorated, as the overdraft framework is generally not that high.
The lender is only one thing: can the borrower pay back the loan?
But he looks at the creditworthiness of the borrower to get the exact financial situation in experience. If it turns out that the financial distress of the borrower is only temporary, the applicant need not worry about whether the loan will be accepted.
Under good conditions, a non-lending loan can even help save money, for example, by being cheaper than the overdraft rate of an existing loan. So he can help to get back on track in case of a financial emergency.
Note: Over-indebtedness should definitely be avoided. A financial recovery is important to improve the credit rating and avoid long-term money problems.
Especially if the overdrawn account results from an unforeseen situation, such as a car repair, an accident, or other circumstances. An emergency can finally happen to anyone! Even better are the chances of a debt-free loan, if the account had to post positive numbers to date. Your last two bank statements are very helpful, especially if you can also prove his payroll.
It is clear that every bank as well as a private lender will ask for your payroll. If you can prove your income, then you increase the chances of getting a quick loan without credit bureau.
However, a loan without credit bureau is not recommended, especially if the interest rates are higher than the overdraft interest rate. In such a case, it would be better to simply save at every turn until the next payroll comes. Especially if the lender does not make a serious picture.
Quick loans without credit bureau, are they really there?
The clear answer is yes! A debt-free loan is one of the standard offer of credit intermediaries. Especially with those who specialize in foreign loans. Even the processing is relatively quick compared to traditional bank loans.
As a rule, this type of loan can be requested directly by the borrower. That works there between the borrower and donor only one mediator is interposed.
No credit intermediary is switched between. The online bank or a private lender informs the customer directly which documents are required for the application.
There is also the possibility to add an agent. The credit intermediary usually receives a separate service fee. Of course, there are also many cost traps in the money area that can be easily drawn into. Among others, costs are often charged without the guarantee of obtaining a loan.
Therefore, it is important to know about all costs before applying for the loan. Unfortunately, due to time pressure and hurry important warning signals are easily overlooked.
Although a reputable partner is important for all loans, this is particularly important when it comes to a quick loan without credit bureau. That’s why borrowers should take their time and read each offer carefully.
What do I have to prepare for a credit bureau?
The processing time can increase significantly if the prospective borrower does not submit his documents in full.
So, if you need fast, debt-free loans, be sure to provide all the necessary documentation.
The most important documents include:
- A valid badge, or a copy of it
- Your payroll, payroll or salary statement for the last three months
- An existing employment contract
- Two bank statements for wage receipt
- Other loan agreements with other companies
- A self-report, truthful and complete
Of course, additional documents such as payslips, surety bonds, credit insurance, etc. may be necessary. In most cases, post identification is necessary. Faster and easier with a video ident method.
loans … how long do I have to wait for a withdrawal?
Direct banks are usually usually the fastest providers. And even online banks also offer the opportunity to apply for a quick loan despite credit bureau entry.
In addition, there are also foreign loans, such. the Swiss loan. Or the Soulcredit Bank in Lichtenstein. These providers take two to five business days from the application to the arrival of the money.
But if you have the chance to get a quick loan from direct banks in Germany, Austria or Switzerland, this is usually a better choice. Above all, the processing fees for direct banks are usually cheaper. That in turn helps to save money.
Which negative aspects need to be taken into account for a quick loan without a credit bureau query?
Due to the large number of offers and the limited time of the mediator, it can easily be possible that some offers are overlooked. In addition, you should always make comparisons yourself, as a credit intermediary may have a tendency to want to sell the loan that brings him the most money.
Thus it could happen that the borrower is denied the chance of a favorable credit. If you want to work with an intermediary, you should make sure that the credit comparison and credit offers are serious.
In addition, there may be additional costs for the borrower. Quick loans are also often considered problematic as they may indicate that the borrower may have money problems.