The trend to apply for a loan online is constantly increasing. It is simple and straightforward and can be done from home. Statistics have also found that online loans, even though they are processed through a credit intermediary who receives a commission, are still cheaper than traditional banks.
The reason for this is a large reduction in personnel, but also the elimination of administration and rental costs. Discretion is very important when granting an online loan, especially if it is supposed to be a loan despite a Credit Bureau comparison. Not every borrower has an excellent credit rating and therefore loans are available despite a Credit Bureau comparison. An online loan is a good alternative, especially when the financial budget has become tight and cash is urgently needed.
A special loan also needs a comparison
No conventional bank issues a loan if an entry is noted in the Credit Bureau. But at this point it should be mentioned that a customer whose creditworthiness has been downgraded, for whatever reason, can of course apply for a loan. There are even several examples to be mentioned. There is a foreign loan, the so-called Swiss loan.
The name comes from the fact that the money comes from Swiss donors and banks. In Switzerland there is no Credit Bureau like for example in Germany. Therefore, no entry in the Credit Bureau in Germany is noted, since there is no transmission. However, these loans are usually limited to up to $ 3,500. To be regarded as a special loan, so to speak, the interest level is often in the double-digit range, the term is approximately 40 months.
Credit despite Credit Bureau comparison makes sense
Of course, the foreign loan also requires collateral for the loan despite the Credit Bureau settlement. Proof of wages, an unlimited employment contract, the 18th year of life must be completed, the place of residence should be in Germany. If the modalities are not rosy here, too, a solvent citizen can be included in the loan agreement.
What many do not know, even a spouse who has a sufficient income, can go into the loan despite the Credit Bureau comparison. These loans are processed through a credit intermediary, who, it should be emphasized again, receives his commission only after approval of the loan application. Those interested in credit should also take the trouble to compare the individual providers. Many offers are so differently high or low that a few hundred dollars can be saved.
Good intermediary bank contacts are also an advantage because it can separate the wheat from the chaff. It should also be mentioned that a customer registered in the Credit Bureau who is actually able to pay off a loan correctly cannot get a conventional and cheap loan through this entry. The entry does not have to be serious, a forgotten invoice or reminder that you paid too late are often the reasons.