In Germany, one in ten is over-indebted. Many of them need a loan to pay off their debts. On the better side are those who have a job, earn good money or have collateral such as real estate. Such debtors are the welcome credit customers for the banks. But there are also others who have not been so lucky – and who have no regular income or other guarantees. For them, the search for a loan often becomes a struggle for survival, because banks are very strict about it and reject such requests. And so many have no choice but to look for a loan without credit bureau. But some people are put off by the reports on the Internet: expensive, rip-off, fraudsters are the words that can often be read in various articles. What is true about it, and are there any reputable providers of such loans at all?
Are there dubious providers of loans without credit bureau?
Unfortunately, in addition to the reputable, there are also dubious providers of loans without credit bureau, and it is easy for some to take advantage of the business, the plight and ignorance of customers. Such providers can be recognized, for example, by fees that are charged in advance. Or the 100% promise to grant everyone a loan. However, this does not automatically mean that all credit bureau-free lenders should be viewed with caution.
Who are the reputable providers of credit bureau-free loans?
The good news: There are reputable providers, and they can be easily identified by a few features.
So already at the beginning of the search for a credit bureau-free loan, one can separate wheat from chaff: the reputable credit providers treat every request free of charge, and they also send free offers. Both are non-binding, there are no commitments or payments in the period. These only arise with the acceptance of the offer by the applicant.
Another feature of seriousness is the website of the provider. Quickly crafted websites often look unprofessional, and dubious providers often lack complete contact information or a properly structured imprint.
And last but not least, the most tried and tested, but also the easiest way not to fall into suspicious providers: read reports, reviews and customer experiences on the Internet. If the positive side prevails, you can be sure that it is a trustworthy lender. Mediator acts.
Conclusion: A credit bureau-free loan is not a myth as soon as the certain requirements are met. Nevertheless, as in many industries, there are black sheep who want to make money from the plight of their customers. These can easily be recognized by advance fees, additional contracts or simply by an unprofessional advertising presence. There are also various forums and opinion reports on the Internet, which you can use to get an impression of the provider. If you nevertheless come across a dubious provider and have recognized it in good time, it is good to know that you have a 14-day right of withdrawal.