Anyone who has ever been in arrears with the repayment of loans or perhaps has not yet settled an outstanding claim from a mobile phone contract is often afraid to ask for a new loan. Even if he urgently needed the money for a repair or for a car to go to work.
Nevertheless, there are actually many ways to get a negative Credit bureau loan. The transparency of the internet has contributed to a multiple improvement of the situation: Due to the lower transaction costs, banks and financing partners are now also granting loans with an incomplete credit rating. In addition, serious, approved platforms for credit from private to private have emerged. Read more about the different ways to get a negative Credit bureau loan.
The decision for the classic bank loan
Anyone who has a negative Credit bureau entry does not have to do without all bank loans. The main reason for this is that Credit bureau also stores information that can have a positive impact on creditworthiness and credit decisions. For example, if you have a credit card connection for years and settle its monthly statements on time, you have a pleasant “credit history”, so to speak. The situation is similar with term contracts in the field of mobile radio: These indicate a reliable customer if they are managed without problems for years.
Therefore, a single negative Credit bureau entry does not mean the unconditional “credit off”, but is only one facet of the decision. It becomes critical when the customer is in arrears with several different contracts and the then “new” lender would have to reckon with a considerable effort for the realization of the claim. At banks in Germany, which attach great importance to the Credit bureau data, the credit opportunities decrease. That is why the so-called Swiss loan has been established on the market, which Swiss banks give to customers in Germany. Here, the submission of proof of income and the experience of the lender play a greater role.
The new loan platforms for loans from private to private
A comparatively new way of lending puts the focus more on the object to be purchased or the projects to be realized – than on the Credit bureau entry alone. The borrower specifies in detail what amount he would like to borrow and in what period the repayment should take place. For this purpose, the platform provides further information from the registrations confirmed by examinations, such as an abstract repayment probability from very good to lower credit ratings.
The interesting thing about this loan with a negative Credit bureau is the possibility to set an interest rate yourself. So if you are not very sure of your own creditworthiness, you can try it with a comparatively high interest rate. In most cases, he will quickly receive a financing commitment from many different small lenders, whose funds will then be bundled via the placement platform and subsequently paid out.