No Credit bureau entry nonetheless no credit.Uncategorized
Credit despite Credit bureau entry
A Credit bureau report is required for every borrower in Germany if they want to make a financing request. If this Credit bureau information points to the negative postings, the credit application is usually rejected. Defective Credit bureau entries, for example, unpaid and reminded telephone bills, open credit from the closure of an account and even more serious incidents such as a legally binding reminder or enforcement order or an affidavit can be recorded in the Credit bureau.
An existing loan despite Credit bureau is consequently not listed. Such negative registrations are usually a clear indication that the person in question is in economic distress that no longer enables them to meet all of their payment obligations under the contract. Such negative registrations are a clear indication of this. As a rule, such an applicant does not receive a loan from a house bank based in Germany, since the risk of loss is too great that the loan contract will not be met.
It is then spoken of a debtor with relatively low creditworthiness, the repayment ability of the funds seems limited. A loan can be a reasonable option, despite the fact that it is a banking company. For borrowers who either do not want their financing to be registered with Credit bureau or for applicants who would not receive a loan from a German bank due to negative registration in Credit bureau, a loan is suitable despite Credit bureau.
A Swiss loan is often the best way for these customers to have cheap financing. But it doesn’t even have to be the entry rejected by Credit bureau that leads to a Swiss loan. Such a loan does not even have to be excessive and can be returned within a few weeks.
Even in this constellation, it makes sense to take out a loan despite Credit bureau. This funding is not recorded in Credit bureau; despite the Credit bureau, the applicant’s creditworthiness and Credit bureau score are not affected by the new loan.
Why am I not getting a credit despite the positive Credit bureau?
Consultation with Credit bureau is an important, but not the only good thing for granting a loan. The loan application can be rejected despite a good Credit bureau rating. If the applicant does not have a regular salary or the salary is so low that there is no free salary after deducting all costs and living expenses, a rejection can be expected.
There may be other reasons for refusal: in the case of a loan rejected by the bank, the causes can be more complicated. There is an increased risk of default for the commercial bank: Outgoing maintenance payments or the age of the applicant can also be negative features. For the evaluation, the bank has more information with a long customer history available.