People who in the past have not met their installment or other payment obligations, for example with the telecommunications provider, have to reckon with the fact that the companies have notified Credit bureau accordingly. As a result, it may be the case that banks are no longer willing to lend more.
This means that the credit rating is temporarily gone and the creditworthiness is not given. If you have a negative Credit bureau, you must then switch to the possibility of getting Credit bureau-free loans. Unfortunately, this is not possible in Germany.
Where there are no Credit bureau-free loans
Now not everyone can go abroad with a negative Credit bureau to apply for a loan. But there are approaches that loan brokers like Good Credit offer. A number of credit brokers have set themselves the task of brokering Credit bureau-free loans. For this purpose, they explicitly use the loan offers from Swiss banks that have launched the product Swiss loan especially for German consumers. These are Credit bureau-free loans – mind you, small loans that are given to German borrowers who have appropriate income from which the loan can be serviced.
As a rule, the maximum loan amount for these loans is USD 3,500. These must then be repaid within 40 months. But it is important to know in this context that the Swiss banks also have no money to give away. They do not catch up with the applicant’s Credit bureau and grant loans without Credit bureau, but they do impose conditions on the borrower that are not without and exclude a large proportion of the loan seekers.
Who are Credit bureaufree loans suitable for?
The advantage that Credit bureau-free loans from Switzerland offer is not only that no Credit bureau is obtained, but also that the loan is not reported to Credit bureau as a current loan. This means that the possibility to apply for a Credit bureau-free loan is not only used by borrowers with negative Credit bureau, but also borrowers who do not want their Credit bureau to be burdened with a small loan because, for example, they intend to take out a mortgage loan. Such a Credit bureau-free Swiss loan can run wonderfully as a side loan that no outsider needs to know about.