Unfortunately, many banks are very strict on lending and demand a faultless credit bureau score, without taking a closer look at the person’s finances. For some situations, a loan without credit bureau is the best solution. Of course, the borrower can not go to a big bank. Banks always ask credit bureau before lending. Continue to How can I get a loan without credit bureau?
Requirements for a loan without credit bureau
Where can you get an instant loan without credit bureau? The decisive factor is that a negative credit bureau result has no impact on lending. Rather, it focuses on returns that the investor uses as collateral if the buyer defaults on his payment obligations. Conversely, this means that without a regular and sufficiently large salary no immediate loan without credit information arises.
Ultimately, it is a conditional quadrilateral that needs to be met for every non-credit bureau loan in order to have a chance of being granted. Because only fully compliant customers can claim and lock up a loan, the age limit is a basic requirement. For some lenders, however, it is not enough to be 18 years old.
If it was a so-called “Swiss loan” or a loan from Swiss credit institutions, the age limit is in some cases 23 years. The conditions are very different, so it is advisable to get a precise overview of the credit conditions of the respective provider. But the real obstacles on the way to instant credit without credit bureau information are the work and the income.
After all, it is crucial that a secured result can be achieved. It can also be difficult for temporary employment customers. The wage must be sufficient for the maintenance and payment of the loan installments. For Swiss loans, individuals have to earn at least 1,070 USD net. For a four-person household, an attachable income of around $ 2,350 is required.
These are without guarantee.
How is creative-free? But what is it, if a loan is advertised as “creator-free”, “without credit bureau” or “without credit bureau-Information”? But you have to make your own picture about the credit bureau. credit bureau is the credit bureau Group, formerly a general loan insurance company, acting as a credit intermediary. It stores information from banks, financial services companies and trading companies.
This begins with the current account, goes over credit and installment purchase contracts up to the portable radio contract. In return, the member companies can access the database and get their own picture of the payment behavior of the client or applicant. This means that they never have all the information. The inputs are divided into positive and negative features.
For example, a loan that has been properly repaid is a plus. In order to save any annoyances, therefore, applications from customers with negative credit bureaus are rejected in principle. In the case of a loan without credit bureau, the companies do not cooperate with the credit bureau. They are not concerned with what was in history, but with current and current revenues.
The credit bureau file is completely ignored. The lender does not check what information has been provided and does not report the loan to the credit bureau The credit bureau did not play a major role, so the loans are considered “creator free”.