Apply for car loan online without credit bureau – without riskOn March 1, 2020 by admin
Really ” without credit bureau” comes more real – car loan online without credit bureau – always from Liechtenstein. It is a small loan that is at most sufficient to buy an older used car.
In the loan comparison, you will find safe, adequate alternatives despite a negative credit bureau. Now make your loan application guaranteed to be risk-free and completely non-binding for you.
Car loan online without credit bureau – the facts
Anyone applying for a loan in Germany must give the lender the consent to query credit bureau. However, if there are negative entries in it, most lenders reject it. The risk of default seems too high to them. The burdened credit bureau shows that there had been payment difficulties in the past.
Despite the negative entries, the house bank could provide a loan, for example. However, the entries may not be serious. Anyone who does not pay a cell phone bill on time and has already received a reminder in their mailbox before the bill is settled will receive a slight negative entry in the credit bureau. Generally speaking, the burdened credit bureau prevents any loan. If the house bank refuses, the car dealer could also be asked.
Especially if the car buyer is a good customer of the dealer and has always met his liabilities, he could approve a car loan. However, this option affects the “old darling” rather than the brisk new car.
Car loan online without credit bureau prospects
If the house bank and the car dealer refuse the car loan, a guarantor or co-applicant could increase the chance. The second borrower must be solvent, ie he has a sufficient income from a permanent job, plus a clean credit bureau.
But such a guarantor has to be found first. Not everyone agrees to provide a guarantee. The partner or a close relative could step in here. Nevertheless, the joint application always means a risk for the co-applicant. Because, his help is entered in his credit bureau and treated like an independent loan. This means that if he needs a loan himself, he won’t get one because the liability lowers his credit rating.
In addition, many refuse a guarantee, although it is often the last means of financing for the loan seeker. After all, nobody wants to be liable for other people’s loans.
Especially not if the payment security is on unsafe ground.
Car loan online without credit bureau – credit bureau-free loans
The negatively burdened credit bureau is usually a reason for exclusion when requesting a loan. Loan seekers who then look for a loan without credit bureau will quickly find that the advertising is overwhelming. The advertising messages promise exactly what the borrower wants. A car loan without credit bureau and as quickly as possible and without much effort.
The advertising promises a loan to all loan seekers. Regardless of whether credit bureau is encumbered or not, whether an oath of disclosure or garnishment. High loan amounts are also offered, not infrequently up to 100,000 USD. Of course, all of this is nothing but hot air. What is promised here is used to sell the so-called “by-products”. Insurance is sold through advertising, preliminary costs are raised and savings are even offered.
In most cases, this is due to dubious credit brokers. The real car loan online without credit bureau looks very different.
Car loan online without credit bureau offer
Anyone who doesn’t get a car loan anywhere is desperately looking for lenders on the Internet. As mentioned before, caution should be exercised when overly windy brokers want to sell their products.
Reell is a small loan and comes from Liechtenstein. It is offered by Best Bank from Liechtenstein and is not a real car loan. Also, no higher amount can be achieved by depositing the vehicle registration document. The bank provides three loan amounts. One time 3500 USD, 5000 USD or 7500 USD. The credit is at your free disposal, so it should flow into your car purchase.
There is no new car for this, but there is a used one. However, the advertising also promises that this loan is accessible to everyone. This is also not true because the bank applies strict standards. Unemployed persons who receive Harzt IV are generally excluded from credit without credit bureau.
The self-employed also have problems. Employees and civil servants are preferred.
The car loan online without credit bureau – only one provider?
The credit bureau-free loan is known to many under the name “Swiss loan”. This form of credit has been around for decades. In previous years it was also known as “housewife’s credit”. At that time, housewives who had no income could get a small loan without the spouse’s signature.
Of course, this is no longer possible today. Nevertheless, this successful credit model still has many customers today.
However, the funds almost no longer come from Switzerland, but from Liechtenstein. In 2009 it was found that foreign lending banks did not have the necessary license to grant German loans. According to a ruling by the Federal Administrative Court on April 22, 2009, practically all foreign banks were banned from credit bureau-free credit. As far as is known, Best Bank is the only bank that has this permission.
Another alternative would be a credit bureau-free loan from close relatives or friends. A car loan in this country would otherwise only be considered “despite credit bureau”. This means that the credit bureau nevertheless viewed and approved credit entered.
Car loan online without credit bureau conditions
The advertising likes to draw the credit bureau-free loan as a car loan without any credit check, often also as a housewife loan without income. But this is all just advertising.
If you are looking for a credit bureau-free loan, you have to prove that you have a permanent job, which, depending on the loan amount, requires a different period of employment. The appointment is not limited and outside the trial period. For example, if you want the 3500 USD loan, you have to prove that you have been employed for one year. With a loan of 5000 USD, the bank requires 36 months of employment.
For 7500 USD credit 48 months proof of activity. The income must be above the garnishment exemption limit. For a single person, that would be about 1150 USD net. As the amount of the loan increases, the net income to be shown also increases.
In the case of a single person applying for the 5000 USD loan, they would already have to earn 1600 USD net. credit bureau-free credit can be applied for through a reputable credit broker, but also directly from Best Bank.
The preliminary credit check speaks for car loan online without credit bureau via credit intermediaries.