A credit with a negative Credit Bureau entry is almost not available from traditional banks in Germany. The banks view the Credit Bureau data as security and use this data to determine the applicant’s creditworthiness. If the creditworthiness is good, the bank will grant the application. However, if it is bad, there will be a rejection. But even a negative Credit Bureau can lead to a loan. Namely, when you can convert the negative properties into positive properties.
This is how you can take out a loan with a negative Credit Bureau entry
Even if the initial situation can be classified as difficult, a loan with a negative Credit Bureau entry is not entirely excluded. If you add a co-applicant to the application, for example, the starting position for borrowing is significantly better. Above all when the co-applicant has a positive Credit Bureau and a good income.
The bank could also be offered collateral outside of Credit Bureau. Here it would be possible to offer any existing real estate, insurance or valuables. The bank evaluates these securities and classifies them according to their usefulness. If they can be helpful for borrowing, they are used as collateral. Otherwise you have to look further how you can still make the loan possible.
Another variant is borrowing from a loan from abroad. Credit Bureau is not relevant here because it cannot be queried by a foreign bank. If you can prove a good income and, if possible, a surety, you are a welcome customer at many foreign banks. Under these conditions, you are happy to grant a small loan that can roughly close the financial hole and sometimes is enough for one or the other investment. As in Germany, repayment is made in small installments.
And even if the interest on a foreign loan is a little higher than on a conventional installment loan from Germany, it is worthwhile to take a closer look at these offers in the case of a negative Credit Bureau. Because they can deliver the credit that you might otherwise not get.
Offers a loan with negative Credit Bureau
Applying for loans through capital lender is easy. An online loan application is sufficient to address both banks and private investors at a serious level. Of course, the borrower decides who gets the loan.
Our customer support team is fast and efficient to clear all your doubts regarding personal loan eligibility, procedures, offers, documentation and repayment options. We even contact with the respective lender on behalf of you.