Consumers are entered in the Credit Bureau if, for example, they conclude a loan agreement, go into bankruptcy or do not make payments. Then when a loan is needed, it will be difficult to get a loan from the bank. German banks always work with Credit Bureau because they use it to check whether the applicant also meets his payment obligations.
If there are too many entries, loan contracts are not awarded. So many opt for a loan without Credit Bureau demand. This cannot be applied for in Germany, because banks never forego Credit Bureau demand.
Where and how can I apply for a loan?
In order to apply for a loan without Credit Bureau demand, the applicant must look for a loan broker on the Internet. This works with banks in Switzerland and Belgium that do not require Credit Bureau information. The credit intermediary receives all the necessary data from the applicant, who then sits down with the banks. The banks check the documents and then issue different loan offers.
The credit broker will then filter out a suitable offer with the applicant, who will then sign a loan agreement. The borrower does not have to go abroad to get a loan, but can do it online. As soon as an offer has been signed, the offer is binding.
What conditions does the bank expect?
In order to be able to apply for a loan without Credit Bureau demand, conditions must be met so that the request is positive. The applicant must be of legal age and be able to prove his place of residence in Germany. In addition, he has to prove a fixed income, preferably with the pay slips. This income must be attachable and may not be from a self-employed activity.
Self-employed people have a different salary each month, so it is not certain whether the loan can be repaid in time. The loan can either be transferred to the account or sent by post by check. The advantage of this loan is that neither the Credit Bureau is checked, nor that the loan is entered in the Credit Bureau. This keeps it clean and can be helpful for later loan applications in Germany.
If you have a good credit rating, you can easily apply for a loan abroad without Credit Bureau demand. The application is made on the computer with the help of a credit intermediary. This requires a fee that only has to be paid after the contract is signed. The loans are not recorded in the Credit Bureau, so that later loan applications in Germany are not a problem.