The installment loan is the most used loan in Germany. Every bank and every credit broker actively offers installment loans. As long as customers have a correspondingly good credit rating, it is no problem to take out an installment loan. However, if Credit Bureau entries are available, it is often difficult to obtain an installment loan.
Even in difficult cases, consumers can get an installment loan despite negative Credit Bureau entries. But the way to installment loans without Credit Bureau often leads to a loan application that is rejected by the house bank. It is only at this point that many consumers realize that their creditworthiness has suffered. Even Credit Bureau entries that are already marked as completed remain visible in the Credit Bureau for 3 years and result in the creditworthiness being rated as poor.
Loans by Best Banks with a negative credit rating
The first way leads many consumers who need credit to their house bank or choose one of the numerous online offers of banks based in Germany that appears to be cheap. But with a negative credit rating, it is almost impossible to obtain a loan from a Best Bank. Only the possibility of a solvent co-applicant or a solvent guarantor remains.
However, this is often neither desired nor possible and in many cases the loan is refused. With the rejection by a bank based in Germany, many consumers see their skins swimming there and see their credit concerns as futile. But there is a solution, because German credit intermediaries work with banks abroad and can therefore provide a cheap loan even in difficult cases.
Cheap loans with bad credit
Credit brokers offer the solution for consumers who have already had a rejection from a Best Bank. For example, special loans are offered for customers with negative credit ratings, such as the installment loan without Credit Bureau query. This is possible because credit intermediaries work with banks from all over Europe and Switzerland, so there is no need to ask for Credit Bureau. Of course, an installment loan without Credit Bureau with a corresponding income is easier to obtain, but even if there is income, such as social benefits, such as parental benefit, this is also evaluated as income, unlike banks based in Germany.
Installment loans without Credit Bureau without Credit Bureau in comparison
An online loan comparison should always be carried out before applying for a loan, but especially when it comes to installment loans without Credit Bureau. Installment loans without Credit Bureau query in particular are being offered by more and more intermediaries, but it is important to ensure that these are serious offers. Offers with prepayment should be avoided, however, if the placement is successful, a placement fee is quite common when it comes to installment loans without Credit Bureau.
With so many offers, it is not always easy to choose the cheapest one for your personal needs. Here is an online loan comparison. With a clear list of all reputable offers, it is easy to choose the cheapest offer and existing offers for installment loans without correctly assessing Credit Bureau.