Credit without Credit bureau information at no extra cost.
A credit without Credit bureau information and without upfront costs is becoming increasingly popular and has many advantages. Consumers who already have entries in the Credit bureau and do not want to burden them with a loan benefit from this loan.
But even those who want to keep their Credit bureau clean are increasingly using this loan. The loan is also known as a Good lender loan that can be taken out abroad. Before applying, the borrower should inform himself sufficiently so that he can receive a cheap offer.
Where and how is the loan excluded?
Borrowers who are interested in a loan without Credit bureau information and without any upfront costs should look for a credit broker on the Internet. The loans can also be applied for directly from the bank, but the bank would have to go abroad to do so. That would only be worthwhile if he plans to stay in the country in question. The credit broker deals with banks abroad and then forwards the offers to the borrower.
He is an intermediary who works with a fee. This only has to be paid after the contract has been concluded, so that there are no upfront costs. The applicant must send a copy of his ID and all necessary documents to the credit intermediary. This includes proof of salary and proof that he lives in Germany. The bank then examines the documents and decides for or against a loan.
What are the requirements?
In order to obtain the loan without Credit bureau information and without any upfront costs, the bank requires that certain conditions be met. Loans to minors will not be granted! It’s like with Agree banks, because here too, no loans are granted if the applicant is not yet of legal age. In addition, the income must be high enough for the bank to seize it.
A garnishment is carried out when the borrower no longer meets his payment obligations. The income must not come from social benefits and not from self-employed activities. The credit default risk is too high for these people.
Advantages and disadvantages of credit
The loan can be applied for quickly and easily from the computer. The loans are not entered in the Credit bureau and the borrower is not checked against them. So the borrower can take out a loan in Germany and the German bank will not find out whether a loan is already running. A disadvantage of this loan is that there is no direct contact person. Everything runs over the Internet or over the phone. If that doesn’t bother you, a negative Credit bureau can apply for a loan without Credit bureau information and without any upfront costs.