The loan without proof of salary and Credit Bureau can only be possible with restrictions. The contribution deals with how it is possible to put this difficult credit wish into practice.
Loan without proof of salary and Credit Bureau – starting point
The starting point for the desire for a loan without proof of salary and Credit Bureau could not be more difficult. People who have a negative Credit Bureau entry are looking for a loan without Credit Bureau. Under these conditions, no ordinary financial institution from Germany is willing to grant a loan. How difficult the situation is can often be seen in online shopping.
Problems can even arise when ordering on account. Credit Bureau and Infoscore carry out a data comparison. If you have a negative Credit Bureau entry, you will have a problem with your Infoscore in the foreseeable future. There is only the option to use a Swiss loan.
In the case of foreign loans, there is the option to do without Credit Bureau entirely. It is not requested and the lending to Credit Bureau is not reported. The problem is, a loan without Credit Bureau is usually based on proof of above-average income. Without the proof of salary, this income is very difficult to prove. The way out of this dilemma can only be found through loan collateral.
Credit protection without proof of salary and without Credit Bureau
Loan security via the assignment of income is the usual loan without Credit Bureau, but there are alternatives to securing the loan in order not to exclude self-employed persons from the outset. A loan without proof of salary and Credit Bureau could be made possible by the entry of a solvent guarantor or co-applicant. In this case, the guarantor or co-applicant practically bears the risk for the loan alone. The interest for a loan without Credit Bureau, about 11.62 percent APR, is still charged, but remains high.
In view of this situation, the question arises whether the co-applicant would rather not apply for a loan from a normal direct bank alone. He could lend the money on a private contract on the same terms. It would not be an additional risk. Only the annual percentage rate would decrease significantly. A small loan up to 3,000 USD, which could be found for 2.89 percent APR in the loan comparison.
An alternative could be to find a loan without Credit Bureau, without proof of income and without guarantor. In the case of self-employment, a long-term paid-up life insurance may have been in the background. The mortgage could also make the loan possible. At least one of the above conditions must be met so that a Swiss loan without Credit Bureau is possible.
Loan alternatives without intermediaries
Is “only” a completed Credit Bureau entry the problem. An approved loan can be entered in the Credit Bureau, then there is another alternative. If a credit rating of H is achieved with Credit Bureau scoring, private donors offer a loan option.
Under these conditions, the loan request may be carried forward on the large platforms for private lending. The bidding process determines whether the request for a loan without proof of salary and Credit Bureau is fulfilled.