A credit is possible despite a negative Credit bureau entry of a negative characteristic in the Credit bureau. Two different credit options are available. The article provides more information on the loan offers despite the negative Credit bureau entry.
Credit despite negative Credit bureau entry in Credit bureau
It is impossible to find a loan in the normal credit system despite a negative Credit bureau. The entry of a payment irregularity is considered a KO criterion. A whole series of popular credit options are no longer available. An example would be an ordinary bank loan or the credit from the mail order company. Under certain circumstances, the negative entry can even lead to online orders only being delivered in advance. The long arm of the Credit bureau can bring with it many restrictions in daily life.
Anyone looking for a loan in this situation has two serious loan alternatives. A loan without Credit bureau would be possible, which is legal lending by a foreign bank. The second option, a loan despite Credit bureau, can come from private donors.
Credit despite Credit bureau from private
It is privately possible for a loan to be despite a negative Credit bureau, but the entry must not completely “ruin” the Credit bureau score. The two market leaders for private lending – Best bank and Good credit company – do not set a uniform standard for when a loan request is published. Best bank sets the clearer rule. A loan despite a negative Credit bureau may only be requested via the portal if there is at least a scoring value of H. This is possible, for example, when a Credit bureau entry has been completed.
Good credit company is very cautious with a clear definition of the limit. From a mediocre Credit bureau score, the credit attempt would be advisable. Good credit company is silent about exactly what is mediocre. For both portals, a loan without Credit bureau is fundamentally excluded. The same applies to applying for credit in the event of an acute attachment situation or in the context of bankruptcy.
If you move more frequently on both platforms, you will quickly recognize basic relationships. Investors find a loan request where the negative Credit bureau entry was caused by a cell phone bill paid too late. Very small loans are primarily approved. All other credit inquiries despite Credit bureau, large loan amounts or serious entries have very little credit prospects.
Foreign loan despite negative Credit bureau advertising
Loans without Credit bureau play a major role in the advertising of credit intermediaries. You will be advertised with any keyword. Even with the payment speed, much more is promised than is possible online even with a pure Credit bureau.
The different advertising messages are partly in stark contrast to reality. Until 2009 there were various credit institutions that offered such a loan as a foreign loan. The financial crisis and the Bafin (banking supervision) have dried up the market. Only since the end of 2010 has there been a single loan provider that legally grants loans without Credit bureau for Germany. It is Nice bank from Liechtenstein.
Employees who are employed are eligible for credit despite a negative Credit bureau, but the entry may not be linked to an ongoing garnishment of wages. In addition, a net work income of at least 1,130 USD for single applicants, for 3,500 USD credit is required.