For the granting of a loan, the banks create a so-called Credit Bureau Score, which should show the applicant’s creditworthiness. If this score is positive, then the path is paved for the loan. But if it is negative, you have to reckon with not only not receiving the loan, but also losing your credit card and overdraft facility, for example.
To prevent this from happening, many consumers are looking for a loan without a Credit Bureau Score. Unfortunately, this is not so easy to find, because the banks in Germany do not want to do without Credit Bureau. But with a little patience and the right partner at your side, the loan can be implemented without the Credit Bureau Score.
The possibilities of a loan without a Credit Bureau Score
The Credit Bureau query can only be avoided if you take out the loan abroad or if you are looking for a co-applicant to take out the loan and provide your Credit Bureau data for it. Otherwise you will have no chance of a good loan offer.
The loan without a Credit Bureau Score from abroad
If the loan is to come from abroad, you have to contact Capital Lender. This is based in Liechtenstein and has for years been offering serious credit without asking Credit Bureau. Capital Lender offers the loan with a loan amount of $ 3,500 or $ 5,000. Unfortunately, no other sums are possible.
The Credit Bureau is generally not queried for the loan. In addition, the credit is not entered in the Credit Bureau, as this is not possible from abroad. As a guarantee you have to have a steady and high income. The loan without a Credit Bureau Score from abroad can be applied for directly on the bank’s website. A credit broker is not necessary for this. As a rule, the money is available about a week after the application and can be used freely.
The loan without a Credit Bureau Score through a co-applicant
If you use a co-applicant, you make yourself dependent on another person. This takes out the loan on behalf of the actual borrower and then passes the money on. The actual borrower does not risk asking Credit Bureau, but with this variant it must be borne in mind that the co-applicant is liable for the full credit. And that until it has been paid off in full. If there are payment difficulties, this also brings the co-applicant into trouble.
The loan should therefore only be taken out if you are sure that you can do it. Otherwise, you should carefully consider borrowing again and maybe postpone it until your own economic and financial situation has improved. Because there has to be a reason if you don’t want the Credit Bureau Score. And this reason should be removed before the loan is requested.