It is not uncommon for Credit Bureau to decide on the granting of a loan. It is the tip of the scales because it can provide precise information about the creditworthiness of the applicant. If Credit Bureau is positive, the loan application will usually also be assessed positively. On the other hand, if it is negative, alternatives for borrowing must be looked for. One of these options would be a bad Credit Bureau loan, which is not easy to obtain, but can still be put into practice.
The bad Credit Bureau loan from abroad
The easiest way to take out a bad Credit Bureau loan is to go abroad. In Switzerland, in particular, there are many banks that grant bad credit to German citizens. The banks in Switzerland are unable to access Credit Bureau data. They therefore also know nothing of the bad entries and base their decision for the loan on other collateral. This can be achieved with a fixed employment contract, a good income and a surety.
The loan from abroad is therefore a good opportunity for a loan with a negative Credit Bureau.
Loans from intermediaries
Credit brokers also repeatedly offer forms of credit that are granted despite a negative Credit Bureau. Here too, many other types of collateral must be able to be provided in order for such a loan to be drawn on. As a rule, the loans are made possible by private donors, who decide individually about the loan application and, depending on the collateral, set the interest rate. If you opt for such a loan, you should make sure that the interest rate does not exceed 15%.
You should also take a close look at which intermediary you are working with. If the operator requests a prepayment for the payment of his services, you should pay attention. Because usually the offers are not serious and there is no credit agreement in the end. So you only had costs. However, if the intermediary offsets his services against the loan, you can be sure that he is working properly and is really trying to find a loan.