If you are looking for a loan without Credit Bureau information and without upfront costs, then compare the credit options available for financing without Credit Bureau. The article provides more information on the topic.
Credit without Credit Bureau information, without preliminary costs – offers
Not everything in life always goes according to plan. Carelessness is often enough and the Credit Bureau is ruined for years to come. A negative entry remains registered for at least three more years, even if the claim has already been paid. During this time, there is no credit from the “ordinary” monetary system. Those who maintain open dealings with their Credit Bureau have three different credit options. A loan despite Credit Bureau that could be found through one of the portals for private lending. The Credit Bureau certificate does not have to be activated, but if it remains hidden, investors react cautiously. There are no bids.
The second option offers the loan without Credit Bureau information and without upfront costs, as it is offered by reputable credit brokers. The main advantage of this loan search for Credit Bureau-free loans is convenience. A professional takes on the loan search. The problem with this is that the negative headlines do not stop in the credit brokerage industry.
When is a loan brokerage offer legitimate?
A serious loan brokerage offer offers the loan without Credit Bureau information and without any upfront costs. The work of the mediator is paid solely on the basis of success. If an extra service, for example a home visit, is desired, the costs for this are stated before the appointment. A home visit is always completely unnecessary to apply for a loan without Credit Bureau. Around 200 USD travel costs are an expensive pleasure for a senseless “coffee gossip”.
A reputable credit broker only endeavors to provide the desired loan without Credit Bureau. He does not offer insurance or savings contracts. Every commission transaction, from the expensive credit card to the transfer of the current account has nothing to do with a loan without Credit Bureau. Agents who submit these offers without being asked disqualify themselves.
A reputable credit agency can be reached via an ordinary telephone number. Every type of service number is evidence of an unfair business model.
Use only legal – reputable credit options
A few years ago, many different loan providers offered loans without Credit Bureau. The offers came from Switzerland, Spain, Ireland or Cyprus. None of these offerings survived the financial crisis and regulatory compliance controls. Without Credit Bureau, there is currently (October 2013) only one legal credit provider with approval for Germany. The credit without Credit Bureau information comes legally only from Liechtenstein. Which opens up the third option, direct lending.
Only two loan amounts are offered. You can apply for 3,500 USD at the effective annual interest rate of 11.62 percent and 5,000 USD at the annual effective interest rate of 11.61 percent. A work income from an open-ended employment contract is required for credit approval. A single person needs a net working income of at least 1,130 USD for the loan amount of 3,500 USD. For the loan variant with 5,000 USD, it is a net earned income of 1,600 USD.
If the loan is applied for via an intermediary without Credit Bureau information and without upfront costs, approximately three percent of the loan amount is added as a commission.