When it comes to taking out a loan, many consumers are particularly afraid of one thing: the credit check. This decides whether the desired loan can be taken up or whether you have to look for another financing option.
In particular, all those consumers with a low income and a negative Credit bureau fear the question of creditworthiness, which usually all classic banks carry out. Read here how to avoid them and what you should know and consider.
The credit without a credit check – fantasy or reality?
The credit rating hangs like an ax over lending. If it is good, you are welcome as a customer at every bank. If, on the other hand, the credit rating weakens a little, you will be mercilessly rejected and even with good words and many promises you will not be able to trade out a loan. But there are always ways and means that make a loan possible without a credit check.
This is how you can take out a private loan where a private donor or investor provides the money you need. For this you have to go to a website on this topic and describe the project that is planned with the money. Potential donors can read this through and decide whether they want to invest in the project and on what terms. If a private lender is found, he will contact the prospect and negotiate the details of the loan without a credit check.
Another option is a loan that is taken out abroad. It is usually Switzerland and its banks that provide some suitable offers for German customers. Since a foreign bank cannot call Credit bureau, the credit check for lending is no longer necessary. However, this does not mean that you do not have to offer collateral. The Swiss banks require a decent income for a loan, which must be attached to the bank in the event of a bankruptcy in the event of a bankruptcy. The loan can be taken out on the Internet or when visiting Switzerland.
That should be noted
A loan without a credit check is generally more expensive than a loan from a bank that carries out a credit check. Interest rates are higher and processing fees and the like may also apply. It is therefore worth considering very carefully whether it really needs to be a loan without a credit check or whether you should first try to get a loan with a credit check. In addition, Swiss credit is very limited in the credit line.
This usually only goes up to 3,500 USD. And even private donors do not make unlimited amounts of money available. In addition, you have to be able to come up with a very interesting and worthwhile project so that an investor and thus financier can be found at all.