Whoever has a negative Credit Bureau entry is usually not alone. Many households have it, it is enough not to have paid an invoice on time. However, such an entry can have negative consequences, because the banks check the creditworthiness before a loan approval and inevitably come across the negative entry in Credit Bureau.
A rejection of the loan request is therefore preprogrammed in most cases. Nevertheless, despite a negative Credit Bureau, a loan is advertised again and again without any upfront costs. What is it about such offers?
Credit despite negative Credit Bureau without upfront costs
There are plenty of intermediaries on the market who, despite a negative Credit Bureau, offer a loan without any upfront costs. It is not decisive that something is in the Credit Bureau, but something. The entry is important. A forgotten bill is rather harmless for financial service providers. However, a garnishment of wages is serious and leads to a rejection. There are households that use such offers. Few people are bothered by the fact that these are associated with higher interest rates.
It is only important to find the right provider, because there are some black sheep in this area in particular. You should be sensitive to noise when preliminary costs are required. In principle, a loan request is never associated with upfront costs. These only arise when a credit agreement is successfully concluded. If costs are nevertheless asked in advance, you can be sure that these offers are dubious.
Apply for credit online without Credit Bureau
You can apply for a Credit Bureau-free loan online. However, there is not always a loan approval. It is important to have a fixed income from a self-employed activity and a place of residence in Germany. It is not always negative Credit Bureau entries that prompt customers to choose a Credit Bureau-free loan. In many cases, the people concerned simply do not want Credit Bureau to be notified, because there is actually no notification for these loans. So the house bank does not learn anything about it.