If you are looking for a loan in Germany and can only show a negative Credit Bureau, you have little chance of putting this loan into practice. Because the banks and savings banks will consistently reject such a loan application. The repayment is too uncertain, since a negative Credit Bureau actually always indicates existing debts.
Most borrowers then try their own way to take out a loan. Most of these routes lead to dubious loan brokers who promise a lot and do little. Also in combination with a prepayment and the conclusion of unnecessary insurance. What remains in the end are disappointed prospective creditors who have no credit but additional debt.
It is actually not that difficult to take out a fair loan even with a negative Credit Bureau. The magic word is foreign banks. You handle the “problem” with the Credit Bureau completely differently. Since they have no access to Credit Bureau’s data, they cannot query it and the data cannot be used in the credit decision. The focus is therefore on other collateral that the borrower must fulfill. Such loans are popularly referred to as “Swiss loans”. The loans do not come from Switzerland, but from a small bank from the Principality of Liechtenstein, Best Bank.
Why creditworthiness is so important
A negative entry is quickly created in the Credit Bureau. Here is a forgotten phone bill, because an additional electricity payment that was not followed up on time. The reasons for the negative entry can be so diverse and do not always have to refer to debts with a bank or serious offenses with other payment obligations. Unfortunately, such entries, regardless of their quality, remain in the Credit Bureau for up to three years. So even if all liabilities have been paid, this does not mean that the Credit Bureau is clean again.
Credit Bureau is known to cause the greatest problems when it comes to borrowing. But not only there. Even a new telephone contract cannot be concluded with a negative Credit Bureau. In many cases, even a purchase on account cannot take place. And if you want to apply for a new credit card, you will have to accept a prepaid card with a negative entry, because a regular credit card with a negative entry in the Credit Bureau is unfortunately not possible.
Many consumers do not understand why the banks insist so much on the Credit Bureau and rely on their entries. After all, they say nothing about the person behind it. Just something about his financial situation. And that is exactly what the banks are interested in when lending. How does the consumer meet his financial obligations? Is it reliable or does it handle it lightly?
The conditions of Best Bank for a loan without Credit Bureau from Liechtenstein
If you don’t want to worry about such things, you should simply take out a loan without Credit Bureau from Liechtenstein. The Best Bank is highly recommended in this regard and has proven to be a reliable and competent bank.
Should a loan without Credit Bureau from Liechtenstein be taken out via the Best Bank. For this, a permanent and permanent employment relationship must be proven. This employment relationship must have existed for at least one year. In addition, the income must be above the garnishment allowance.
Loans up to 5,000 USD are offered. With the repayment you can take two months. After that, however, the loan has to be serviced every month. For forty months. Depending on the amount of the loan, the installments are between one hundred and one hundred and fifty USD per month. A maximum of ten days pass from the application for the loan without Credit Bureau from Liechtenstein to the payment.
How can I apply for a loan without Credit Bureau from Liechtenstein?
The loan from Best Bank can easily be taken out over the Internet. The bank provides all the necessary forms on its website. In addition, the conditions are described in detail again, so that everyone can find out in advance exactly what advantages or disadvantages such a loan entails.
Once the forms have been completed and sent to the bank, the bank will review the application immediately. If a loan is granted, the borrower also has to sign the contract and have it authenticated. This is done via PostIdent. The bank will then transfer the money from the loan without Credit Bureau from Liechtenstein to the previously specified reference account. A cash payment is unfortunately not possible.