How is a loan with bad credit bureau possible?

The reasons to take out a loan are extremely varied. Some want to fulfill their long-cherished wishes, others need money, because the technical equipment in the house must be renewed and still others use a loan to balance the checking account. Whyever you need money to get a loan with bad credit bureau is in most cases not possible at the house banks.

Way out direct bank

Way out direct bank

If the house banks refuse a loan, there are other ways to get a loan with bad credit bureau. A variant are direct banks. For these a loan can be applied for without credit bureau. For these loans, the banks refrain from providing information from credit bureau and focus on other credit criteria of their customers. On the one hand, this includes a fixed income. For the banks, this means that the employment relationship must last for at least six months. On the other hand, the applicant must not have run too much installment credit. If these criteria convince the bank of the applicant’s creditworthiness, there is nothing to prevent a loan with bad credit bureau.

How to apply for such a loan?

How to apply for such a loan?

Loans without credit bureau information are in most cases issued by banks abroad. Often these are Swiss banks. For this reason, these loans are available exclusively online. In order to apply for these loans, the applicant must be over the age of 18, reside in Germany, have a German account and meet the above credit criteria.

A big challenge is the search for the cheapest loan offer, because the variety of loan offers is quite large. If you do not want to spend your time looking for the best deal on a bad credit bureau loan, you can contact an independent credit counselor. He will select the best offers on your behalf and present them to you. So you can look at them and decide. If you can provide a guarantor for the loan, many banks have the opportunity to get a loan with bad credit bureau on better terms.

Beware of black sheep

Beware of black sheep

As in every industry, direct banks are also dubious providers. For this reason, you should never make a loan application to a bank, where you have to pay only for the loan application to be accepted. This is unusual among banks and indicates that this offer is not serious.