If you have a poor credit rating, you know from the start that you won’t have a chance to get a loan from one of the traditional banks and savings banks. After all, they always check the creditworthiness and align their credit decision accordingly.
For this reason, many of those affected are looking for a loan without a credit report from the outset, which does not reveal the weaknesses in their own financial structure and nevertheless provides the desired loan amount. Finding such a loan without a credit report is not easy, however. Especially not if he is to be serious.
The credit intermediary
Many credit intermediaries offer exactly such a loan. A credit without a credit report that closes the financial hole and does not ask how the previous financial liabilities have been serviced. But what sounds so good and practical often has a catch. Because there is actually no such loan.
And if you get it through a detour through an intermediary, then you can be sure that you will have a lot of costs and very high interest rates. In addition, you have to expect that you have to take out insurance for the loan that you don’t actually need. All in all, quite opaque offers that no one really needs and that only cost unnecessarily.
The loan from Switzerland
It can be different if you contact a bank in Switzerland for a loan without credit information. You can do this either directly or via the Internet. The banks in Switzerland do not receive any data from Credit Bureau and therefore cannot carry out such an extensive credit check as the German banks do. All that is required here is proof of a steady and well-paid job in order to be eligible for a loan.
If you can prove this, you get a small loan, which also has slightly higher interest rates, but has a serious character compared to many offers from various brokers. The loan is then repaid in small monthly installments as usual. If there are problems with the repayment, the bank in Switzerland can seize the borrower’s income. A security that the bank will demand and that it will not do without.