Credit with negative Credit Bureau without prepayment
Consumers forfeit negative Credit Bureau entries through grossly non-contractual behavior in financial matters. A negative Credit Bureau already exists with a single negative entry, but when it comes to lending, a distinction must be made between soft and hard negative characteristics.
Credit protection itself rates entries marked as done as neutral, but many banks and consumers still see them as negative. Prepayment means that the applicant must pay a fee for processing his loan application, regardless of the credit approval. It is fundamentally prohibited to apply for credit applications.
Borrowing with negative Credit Bureau in Germany
Some financial institutions approve a negative Credit Bureau loan without prepayment, provided that there is only a soft negative characteristic. If there is a claim to a promotional loan from Best Bank, most programs even exclude the application for personal bankruptcy. Consumers are most likely to receive a credit with a negative Credit Bureau without prepayment from German financial institutions if they have to submit all banking documents such as pay slips and the employment contract for the application.
Another option for borrowing with a negative Credit Bureau is the joint loan application with a co-applicant whose Credit Bureau is in order. As a rule, credit lines that have already been granted can still be used if their holder has forfeited a Credit Bureau negative entry in the meantime, since the lender will only make a new request in exceptional cases. This also applies to renewed orders from existing customers for payment in installments by mail order. You can also apply for a loan with a negative Credit Bureau and without prepayment via platforms for personal loan brokerage.
Borrowing through a Capital Lender
Consumers receive a credit with a negative Credit Bureau without prepayment from a Capital Lender, since the Swiss financial institution does not make any inquiries to the German credit protection agency. These loans are not paid out and redeemed as foreign currency loans, but in USD, so that there is no exchange rate risk for the credit customer. Most Swiss financial institutions award the maximum amount for loans directly applied for 3500 USD, some institutions have increased the maximum amount to 5000 USD.
Larger loan amounts are possible if the applicant uses a credit agency. In this case, he makes sure that the credit with a negative Credit Bureau is granted without advance payment and that the agent only charges an appropriate commission in the event of success.