If money is urgently needed and Credit Bureau does not actually allow a loan to be taken out, then many consumers try to get a suitable loan via detours. Often these detours lead through dubious credit intermediaries who unfortunately are sometimes of little interest in serious help and therefore make offers that are not worthwhile. It is relatively easy to take out a serious small loan without Credit Bureau. At this point we would like to explain how this works.
Take care of a guarantor
If you want a regular installment loan as a small loan without Credit Bureau, then you should look for a guarantor or maybe even a second borrower from the start. Due to your negative Credit Bureau, you are not an interesting loan partner for traditional banks. However, if you involve a second person in borrowing and if this second person can offer a good Credit Bureau, you have created a starting position from which very good negotiations about a loan can be conducted with any bank.
Because the banks see the second person as security that significantly reduces the risk of default. Suddenly you are again an attractive loan partner to whom you are happy to make a good offer. In the best case scenario, you should call in a guarantor or a second borrower right from the start and symbolize the bank in such a way that you are aware of your personal situation and therefore have “made provisions”. In this way you avoid a credit cancellation, which might also have a negative impact on your credit rating.
Use a loan from abroad
If only the Credit Bureau is your problem and you can show a good and above all a fixed income, you can also take out your small loan without a Credit Bureau from a foreign bank. Most of these loans come from the small Principality of Liechtenstein. The banks there are very pleased if they can offer German customers a small loan of up to 5,000 USD.
A prerequisite is a fixed income that is above the garnishment allowance. In addition, you must be at least 18 years old and have a permanent residence in Germany. You can apply for the loan conveniently over the Internet. Simply go to the websites of the relevant banks and print out the application forms there. Fill it out and send it back with the rest of the documents to the bank of your choice. She will get back to you quickly and submit a corresponding offer.
What do credit intermediaries offer?
Credit brokers do not necessarily have the best reputation in our latitudes. Even if this does not apply to everyone, there are still some black sheep among the self-employed intermediaries. However, there are also serious intermediaries who can also help with a small loan without Credit Bureau. They mediate a loan offer that is provided by private individuals.
In order to receive such an offer, you not only need to have a good income, you also have to describe exactly what you need the money for. The intermediary then checks whether he can find a suitable lender. The latter will then submit an offer with an effective interest rate, which will in any case be higher than for loans that are taken out directly from a bank. Because the private lender is not bound by any interest requirements and can therefore design his offer as he likes it.
We therefore recommend that you only consider loans from private individuals without a fixed interest rate as the last option. It is better to try out the other options first, which will surely bring you the desired loan. And on better terms.
Tips for small loans without Credit Bureau
Even if your financial hardship is quite large, you should always be careful not to fall for dubious offers. Do not pay a brokerage fee or similar in advance to a credit broker. Do not let insurance companies gossip to increase the prospect of a small loan without Credit Bureau.
Check all documents very carefully before signing them. Above all, pay attention to the effective interest rate and the repayment agreements that are offered in it. Remember that only the conditions that have been agreed in writing apply; verbal agreements are not binding.
Only take up the loan amount that is really necessary. Because every cent that is taken in must somehow be repaid again. Since the interest rate for a small loan without Credit Bureau can be slightly higher than for a comparable installment loan from one of the traditional banking houses, every USD that is borrowed should be carefully considered. So that the credit really has a benefit in the end and not only puts an additional burden on your financial situation.