Loan with guarantor despite negative credit bureau suitable providers.
A loan with a guarantor is, despite the negative Credit Bureau, neither easy nor inexpensive to get. Such a special loan is not to be expected from the house bank. The article explains more about special loans despite Credit Bureau, with and without guarantors.
Loan with guarantor, despite negative Credit Bureau – the situation
The loan request is extremely unfavorable. Normal credit offers can no longer be used. A negative Credit Bureau entry is a knockout reason for all ordinary credit providers, with or without guarantors. Finding a loan is not entirely hopeless.
The desire for a “loan with guarantor, despite negative Credit Bureau” can be satisfied from different credit sources. The word “despite” indicates that Credit Bureau can be viewed by the lender if so desired. This means that the offers of the credit brokerage are eligible for a foreign loan. In addition, direct loans from specialist providers from Germany and abroad and private donors.
The range of possible loan offers sounds extensive, but the credit opportunities are very limited. Despite Credit Bureau, guarantee loans from within Germany can only be implemented if a Credit Bureau entry has been completed. At least level H of the Credit Bureau credit rating scale should be achieved. A free self-disclosure provides information about the current status.
Foreign credit without Credit Bureau
A loan despite a negative Credit Bureau can be possible as a foreign loan. These loans are often advertised as Swiss loans without Credit Bureau, and credit intermediaries are almost always behind loan advertising. With such a loan, the insight into Credit Bureau can be dispensed with, but the borrower must still be solvent. The following can serve as proof of credit security:
– The solvent guarantor already mentioned in the loan search
– An unencumbered high-quality property security, for example a property
– A high unsecured labor income
– The monetary value of long-term paid-up life insurance
At least one of the criteria mentioned must be met in order for the loan to be possible if the Credit Bureau is bad. Nobody should hold a guarantor responsible for their private credit problems. The negative Credit Bureau entry proves that at least in the past it was difficult to meet the payment obligations.
A guarantee should only be accepted if nothing can go wrong. Everything else is non-solidarity towards the person who trusts and vouches for the ability to repay.
How much is the loan amount despite Credit Bureau?
Without Credit Bureau or despite Credit Bureau, only very small loan amounts are usually offered. The advertising shows a different picture, but the sums mentioned in the advertising are not very realistic. The loan with a guarantor can be applied for directly from a specialist provider from Lichtenstein, despite the negative Credit Bureau. His offer roughly corresponds to all offers with poor Credit Bureau.
Either 3,500 USD or 5,000 USD can be requested. The term of the loan is 40 months. The annual percentage rate is given as 11.62 and 11.61 percent. In addition, processing costs of 164 USD have to be paid for the smaller amount. For the 5,000 USD loan with guarantor, despite a negative Credit Bureau, 224 USD processing fees have to be paid.