How do you get a loan without credit bureau information and credit check? And is that even possible, or is it all just a fairytale if you find such ads on the Internet?
Here is my review and the most important facts in a nutshell how to actually get a loan without credit bureau information and credit check!
In addition, the explanation why most borrowers are rejected in their request for a loan without credit bureau. As well as explaining the best and easiest options when you are in financial distress and desperately want to borrow money.
The biggest problem is the fact that most borrowers on an ad claim to receive online credit without credit bureau make the assumption that it is a loan without credit bureau information and credit checks.
This assumption is wrong. Correct, however, is the fact that in an online loan without credit bureau the lender advertises that a loan application can be made without having a negative impact on the credit bureau!
This very significant difference clarifies exactly this point. So if you search the internet for an online loan without credit bureau, then it means only that a loan can be applied for from the lender without affecting the credit bureauscore!
This, however, also makes it clear that the online credit without credit bureau is clearly obtained a credit bureau information. That is, the credit check takes place by querying the credit bureau data.
However, most borrowers appear to have not. Because the term loan without credit bureau can also be understood by the borrower so that a loan without credit bureau information and credit check can be applied for!
Due to this different interpretation and the wrong assumption of the borrower that the credit without credit bureau the creditworthiness is not evaluated by the credit bureau itself, there is often a dispute between the borrower and the lender!
Consumers are in most cases very frustrated and do not understand why your loan request was denied. The damage to the image of the financial industry is thus steadily rising. From my point of view, it is also hard to understand why banks, direct banks and online platforms make no major effort to avoid a different interpretation of this type of credit!
The sole term credit without credit bureau gives the false impression that in this type of credit no data query is made at the credit bureau.
Clearly delimit, however, is the exact term. So if you look for a loan without credit bureau information and credit check then it is completely clear what the borrower would like.
Unfortunately, the term names of many lenders are not sufficient and are usually limited exclusively to a loan without credit bureau to forgive!
So how can you actually get a loan without credit bureau query? And does this mean that there is no credit check at the same time?
Again, you have to pay attention to two different points. First, the query of credit bureau. And second, a credit check.
Here is the further detailed explanation how you can get a real credit without credit bureau and credit check.
Often the consumer is in the belief that if there is no question check, there is simply no credit check. So that would mean that, if no credit bureau information takes place, then lenders direct banks as well as financial online platforms do not ask about the credit standing.
This assumption is completely wrong. And for this reason, I would like to emphasize once again quite clearly that if no cooperation with the credit bureau takes place, the lender still wants to check the creditworthiness. This is no different with an instant loan without credit bureau or mini loan without credit bureau.
There are several information centers in Germany which store data on the creditworthiness. In addition to the credit bureau, there are also the Arvato, Crifbürgel, or Boniversum in Germany.
That is, if a lender does not cooperate with the credit bureau, this does not mean that no credit check will be made on other sources of information.
And so it is clear that so a credit check is made. Although not directly by means of credit bureau, but with the other information.
However, this is different, in fact, for a real loan without credit bureau information and credit check. Because as the name and the term description clearly describe, the credit without credit bureau information and credit check no credit check takes place.
But how is that possible? How can it be that lenders may not be interested in finding out what the default risk of a potential borrower can be?
So the good news in advance. There is actually the possibility to apply for a loan without credit bureau information and credit check. So, there is actually this type of loan. And it is not only possible to obtain a small loan without credit bureau, but also to obtain a larger loan without credit bureau query and credit check.
But who offers this form of credit? Are these foreign loans? And how is it possible to find these lenders? Are these online banks or peer to peer loans? Or, in this case, do we speak of a loan shark or private lenders who lend without any credit check and risk assessment?
Provider for an urgent loan without credit bureau with immediate payment and no credit check can be found in our free premium list. Our partners are direct banks, traditional banks as well as private lenders where you can apply relatively quickly.
Here now closer to the actual offers of these types of credit.
The mortgage loan is completely overlooked by most people in this context. But the mortgage loan is actually a loan without credit bureau information and credit check.
This is due to the fact that, at the time of the pledge, a movable good is given to the Pfandleihaus for an appraisal of the material value. So the Pfandleihaus makes an estimate and then spends a certain loan amount.
The pawn shop has no interest in cooperation with credit bureau. And for that reason there is no credit check.
In addition, the mortgage loan in Germany is very strict gereget. This protects the consumer against usury, advance costs or other lavish expenses.
Another advantage of the mortgage loan is the speed. Settlement takes place immediately and the money can also be paid out immediately as cash. So you can actually lend money very quickly, provided you have a movable object of value that you can pledge.
This can be the car, a musical instrument, electronic devices, from the Playstation, to the TV set, mobile phone, vacuum cleaner, etc. The list is almost unlimited.
The pawnbroking is thus characterized in many ways. Above all, this case is actually a loan without credit bureau information and credit check.
The next alternative if you want to have a loan without credit bureau information and credit check is the so-called Policy loan!
If one owns a capital-forming life insurance then one can receive a certain part as loan for the premiums paid in addition to the accumulated capital of the life insurances.
The insurance company calculates a so-called Rückkuafswert on the value of life insurance. And the lender is thus able to cover the default risk. Thus, the policy loan is a real loan without credit bureau information and credit check.
And even this form of credit falls under the loans without credit bureau and income proof to be able to borrow money! The provider AstroFinance offers the possibility directly on the website immediately online to calculate!
An essential advantage of the policy loan. The rejection rate is zero, provided that all data are given correctly and completely! Thus, an instant loan without credit bureau query can be obtained in 24 hours, if the surrender value of the insurance company has already been calculated!