A negative credit bureau entry blocks your access to regular credit. You urgently need a loan, but are afraid to follow the relevant advertisements? Are credit brokers suspicious of you after all the media warnings?
We do not want to sell you insurance or lead you onto black ice. Our credit advisor, on the subject of credit with credit bureau, explains what is important. Find out what the difference is between despite credit bureau and without credit bureau. How you can get paid quickly and for whom the search for a loan is hopeless.
Credit with credit bureau – distinguish between “despite and without” credit bureau
A loan with credit bureau (with a negative entry in credit bureau) is a special loan. As with all commercial lending providers, the special loan can only be approved if sufficient creditworthiness is shown for the lending. It is a special loan only because neither the score nor the credit bureau credit rating receive the final say on the credit rating. The individual case is checked.
In the case of a foreign loan without credit bureau, credit bureau is not requested and an approved loan is not reported to credit bureau. In the case of a loan despite credit bureau, the loan provider may request credit bureau. It is much more important, however, that he keeps the option of an approved loan, which he is obliged to report to credit bureau. The difference is that without credit bureau, credit bureau remains completely excluded. Despite credit bureau, it remains part of the process.
The entry determines which loan with credit bureau is suitable for the individual case. Despite credit bureau, credit providers mostly exclude lending if the entry is not marked as completed. In this case, with otherwise proven creditworthiness, the foreign loan from Liechtenstein remains as an alternative. The Best Bank secures small loans over 3,500 USD or 5,000 USD exclusively via the attachable portion of the income.
Common to both offers for an installment loan with credit bureau, the credit opportunity when regular credit seems impossible. No provider, neither for the foreign nor for the domestic loan offers a loan without creditworthiness or credit for over-indebted borrowers. Lending is also not a “foregone conclusion”, even though a prospective customer meets the basic requirements. The individual case decides.
Credit without credit bureau – what is important?
Credit without credit bureau is an employee loan, the credit protection of which is based on the attachable portion of income. The loan may be applied for, directly or through intermediaries, to prospective creditors between the ages of 18 and 59. Your permanent employment relationship, which is subject to social security contributions, must have existed for at least 12 months for a credit of $ 3,500. (5,000 USD credit without credit bureau at least 36 months).
The amount of net working income depends on the number of dependents. For 3,500 USD, about 100 USD should be earned beyond the garnishment limit. For a $ 5,000 loan, at least $ 530 above the non-attachable amount. In addition to the amount of income and job security, the local debtor register of the district court is checked. An entry there will destroy every credit opportunity.
Existing debts would be allowed with the loan without credit bureau. However, the amount of the debt must be proportionate to income. There is no urgent loan from Liechtenstein, as some advertising slogans promise. Credit applications are processed in the order in which they are received. The bank does not grant preferential treatment for applications via certain intermediaries.
Urgent loan with credit bureau – advertising duck?
When borrowing with credit bureau, borrowers are burned for lack of alternatives, symbolically often the time under their fingernails. Fast credit with credit bureau is not an advertising duck. Despite credit bureau, quick credit can be granted as a micro loan or mini loan. For example, Vexcash from Berlin specializes in this loan requirement. The provider primarily generates credit security through short terms and low loan amounts.
When applying for the first time, the maximum loan amount is limited to $ 500. The money must be paid back after 30 days. Applications can be made using a video identifier, so that a first-time loan with payment can actually be made within 24 – 48 hours. For follow-up loans, Vexcash offers the optional loan payment within 30 minutes. Assuming sufficient creditworthiness, up to 3,000 USD with a maximum term of 6 months could be applied for.
Credit intermediaries – mostly inevitable with credit bureau
The thought of credit intermediaries for the necessary credit with credit bureau triggers a downward feeling in the stomach area in people. Credit intermediaries are regularly in the negative headlines for brokering their offer despite or without credit bureau credit. The range of media irregularities ranges from insurance sales to real fraud. The impression gained about consumer protection of published articles on the topic is very similar.
Nevertheless, there are mediators whose reputation is beyond any doubt. Astro Finance and Cream Bank would be positive examples of reliable credit intermediation with credit bureau. Despite credit bureau, both portals provide credit primarily from private sources. In 2011, Astro Finance was even the focus of a study by DIW Berlin. The study showed the seriousness of the portal and at the same time proves that lending with a weak or negative credit bureau credit rating is possible.
Our recommendation for reputable credit brokerage with credit bureau is Astro Finance. The portal offers both access to serious personal credit and a chance of bank credit with a poor credit rating.