Borrowers know that, usually nothing works without an insight and above all an entry in the. However, loans from breweries or beverage wholesalers are, in the rules, subject to the obligation of the restaurant operator to purchase drinks exclusively from the brewery or wholesaler.
When looking for a German account without Credit bureau, the interested party should first know that it is at best a pure credit account without overdraft and with relatively high account maintenance fees. A knowledge database is today also called Internet forum for humans. With a loan comparison, you can search and compare for free and without obligation the cheapest loan offer for your project.
The advantages and disadvantages of a loan scheme without Credit bureau
Does a loan without Credit bureau make sense? Debtors know that, as a rule, nothing works without a glance and, above all, an introduction to Credit bureau. But if you already have multiple submissions, you can not wait for a new loan, especially not from the major banking institutions. Everything is included in the Credit bureau.
For example, financial institutions report loans and home loans completed here, and court titles are also reported for payment. It can very quickly happen that a borrower with a loan and two pending and, for whatever reason, unpaid bills are deprived of a new loan. But now there are also many credit institutions that offer a loan without Credit bureau, especially micro-loans up to 5.000,00 USD are often to get in this way quickly.
But is a loan without Credit bureau always as cheap as you think? In the Credit bureau, banks and credit institutions receive comprehensive information on the payment and creditworthiness behavior of potential debtors through the various entries. Here, the institutions can understand whether the borrowed loans are serviced and repaid on a monthly basis and whether there can be other demands such as court titles and reminders.
In this way, the supervisor can see directly from the house bank what the payment behavior of his new buyer. Who knows that there are few and especially good entries in his Credit bureau information, which are ideal for a Credit bureau loan, because then the interest and the interest payable on it will be far lower.
Borrowers with good payment habits are thus always better supplied with a loan at Credit bureau. Those who lend without Credit bureau still have a right to receive funds and not to lose the borrowed capital. That is why loans without Credit bureau are always more expensive than at Credit bureau.
The interest rates are increased and the prices increase.
Because the lender takes a much bigger risk if he did not know the payment moral of the client. Those who do not want to have access to their Credit bureau usually have something to keep secret and would probably not be able to grant any further credit in the usual way.
For example, loan conditions are generally less variable than traditional Credit bureau loans. It is not a party to the German Borrowers Agreement and does not require any information from Credit bureau from its customers, as it is a purely German institution. If a German borrower applies for a loan, it will be promptly approved without this information.
Foreign loans, however, were only microcredits up to an amount of USD 5,000. The Swiss institutions do not want to assume any risks for customers who are not domiciled in Switzerland either, and the interest rates are accordingly much higher than for domestic ones.
Loans without Credit bureau in the Federal Republic and in Switzerland are promising, but usually too costly, especially for those borrowers who actually need them. Career starters, the unemployed or company founders want to be tempted by these loans, as they do not demand a look into the Credit bureau. But if you need a loan, you should do better with a Credit bureau request and a start, because the conditions as well as the interest and costs are a lot better.