Many people mistakenly believe that a loan with Credit Bureau entry done is easily possible. However, this is by no means the case. Negative Credit Bureau entries remain stored for three years after they have been dealt with and are only then deleted. For this reason, there is often no other option than to resort to a foreign loan or to ask a loan broker for help.
Loans without Credit Bureau
Foreign loans, regardless of whether they come from Switzerland or another country, are provided without Credit Bureau. If the other requirements are correct, a loan with Credit Bureau entry completed should be possible in this way. A regular income would be essential for a foreign loan. For this reason, the self-employed, unemployed or trainees cannot receive a foreign loan. Every loan applicant must be able to demonstrate a permanent employment contract or an official job. In addition, he must be over the age of 18 and have a main residence in Germany.
Credit intermediaries and personal loans
Those who do not have the chance to obtain a loan in the conventional way often turn to a private credit broker. Although this approach is to be welcomed, it must be said that not every credit broker works seriously. A dubious way of working can be determined by various factors. This includes unrealistic promises as well as high fees that are calculated in advance. In these cases, there will most likely never be a loan.
A loan with a completed Credit Bureau entry can be issued not only by a bank or a credit intermediary, but also by a private individual. If you have no way to ask someone from your own circle of friends for financial support, you can register on an Internet portal. As a rule, the lender and the borrower do not know each other personally.
Anyone looking for a loan with Credit Bureau entry completed can set their credit request and wait for a private lender to be found who is ready to grant a loan with Credit Bureau entry completed. If it is a larger loan amount, it could well happen that several people agree to pay a partial amount. It is the responsibility of the borrower to individually negotiate with each lender.