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Instant loan with credit bureau – how does it work?

The instant loan credit bureaufrei is often in advertising to discover. If you do not constantly deal with loans, you’ll probably have wondered what’s behind it. Who gives out these loans and what advantage does a borrower personally have from applying for a credit bureau-free loan. An overview of these questions will follow. It will be discussed who uses these loans and what are the advantages and disadvantages.

An instant loan credit bureaufrei- what is it?

An instant loan credit bureaufrei- what is it?

The instant loan credit bureaufrei is a loan that is processed and paid as instant loan very quickly. The term “credit bureaufrei” indicates two possible circumstances. The credit bureau involvement is not required as a binding requirement for lending. It can be dispensed with both the credit bureau information as well as the credit bureau registration of a granted loan. Clearly, the term “credit bureaufrei” also means that it is a foreign loan. Only Swiss loans are awarded under these conditions. For German banks, the integration of credit bureau is a fundamental prerequisite for all lending. Without credit bureau there is no credit from German banks.

Who uses these loans and what sense is behind it?

Who uses these loans and what sense is behind it?

The instant loan is used free of charge mainly by people who have problems with their credit bureau information. Even small “offenses” against the agreed payment terms can cause a negative entry. You will not be notified of this automatically, even deletion is not always possible. A German loan is automatically denied at each negative credit bureau entry. Thus, people who are no longer creditworthy in Germany, specifically looking for loans in which the credit bureau is excluded.

Furthermore, people use loans without credit bureau, who do not want their credit rating to suffer from credit. Every credit registered in the credit bureau also reduces the credit rating. This makes more loans often more expensive. It is especially worthwhile to “personalize” your personal credit rating if a large loan is planned. A mortgage loan for home construction to give an example. A checking account that is permanently in the red or a small loan would reduce the credit rating. The instant loan credit bureau-free, without credit entry, makes the checking account balance or realize wishes, without affecting the credit rating.

Who offers these loans?

Who offers these loans?

An instant loan credit bureaufrei is usually offered via credit intermediaries on the Internet, but also in the print media. The credit intermediary is merely the link to a respected foreign bank. It handles the actual lending and also checks the repayment ability of the applicant. The processing time and the payout speed are hardly different from another online instant loan. The disadvantage is often only the interest rates, they are no-frills at the instant loan.

 

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