Credit Bureau-free in the full sense is a loan if there is no credit request from Credit Bureau and the lender does not send a message about the borrowing to it. While it makes sense to forego an inquiry in the case of bad Credit Bureau, the non-registration of the loan grant has a positive effect on the creditworthiness if the consumer plans a second financing within six months.
For organizational and tax reasons, the self-employed separate their credit transactions between business and private causes. Before submitting a loan application, they also ensure that individual banks generally only accept employees as credit customers.
Credit Bureau-free credit for business purposes
When borrowing for business purposes, the financial key figures of the company are more important than the personal Credit Bureau data. An operationally arranged Credit Bureau-free loan for the self-employed is possible if the profit to be expected thanks to the investment to be financed can be sufficiently documented. If Best Bank is entitled to promotional loans, it does a Credit Bureau request, but only refuses to grant loans in the event of registered bankruptcies.
Credit Bureau-free credit for private purposes
A privately arranged Credit Bureau-free loan is more difficult to obtain for self-employed people at Swiss and Liechtenstein banks than for employees. The possibility of direct borrowing without Credit Bureau through a Swiss or bank exists at a few financial institutions that have expanded their customer base to self-employed. Self-employed persons can get a Credit Bureau-free loan from other foreign credit banks if they submit the application through a credit intermediary.
The self-employed loan seeker recognizes the seriousness of a credit broker by the fact that he or she only charges an appropriately high success commission and in no case preliminary costs. Alternatively, a Credit Bureau-free loan for the self-employed can be taken out through an existing life insurance or private pension insurance.
This option does not exist for contracts for the Rürup pension, since their loaning leads to an immediate recovery of the state subsidy granted. In the case of insurance contracts that are not funded, mortgage lending is possible without Credit Bureau, since the self-employed person borrows his own payment claims against the insurer and uses his own assets as collateral.