The economic crisis is certainly a reason that more and more people have a negative entry in the private credit. Many bills that have remained unpaid, or have been paid by court order, have caused a negative entry for the private credit. The private credit company is the agency that stores the information on the payment obligations of all Germans. What only a few know: such a negative note is the reason that a credit request is rejected. Banks in Germany must use private credit’s information to avoid defaulting on the loan. Payment difficulties, which can be a good reason to borrow, are more of a problem!
The opportunity to get a loan without private credit!
A loan without private credit is a possibility when credit institutions from Germany have declined the loan request. In fact, loans without Lorry are forgiven without the private credit information being consulted. Since, as already mentioned in Germany, this process is a duty, it is banks from abroad who lend these loans. Banks from Switzerland, Austria or Liechtenstein also offer German citizens a loan. However, the way must be gone through a credit intermediary, since it is also a legal requirement that the banks themselves are not allowed to approach the German citizens. In the post, you will learn more about the loan requirements.
Requirements to get a loan without private credit!
Without soliciting the private credit information, the security that banks have against default on credit is already gone. The banks from abroad therefore rely on the high security of income when it comes to the loan request. On the one hand, the income must be a secure income, so that the loan repayment is secured. For this reason, loans without private credit are always excluded from people who have no earned income. Those who live alone on social benefits, maintenance, etc. will find it difficult to get a credit approval. Part of the safe income is that the job is secure. Anyone who is in the probationary period, has a temporary or fixed-term contract, will not easily get a loan without private credit.
In addition to the secure income, the amount of income is just as important. After all, it must be possible to repay the loan installments from income. Most lending institutions have therefore come to a lump sum when it comes to explaining what the income must be. Everyone who has to be housed in the household is added to the package. An income rate must be reached for each household member. With this lump sum, the livelihood should be denied and the loan repayment be possible. It is therefore recognizable that the respective sentence is always a little above that which is considered a seizure exemption limit. With the money from the attachment exemption limit, it is statistically quite possible to make a living. The plus is then just scheduled for the loan repayment.
As for income, foreign banks are also adding more points that need to be met to get a loan without private credit:
- older than 18 years,
- have a permanent residence,
- no insolvency proceedings.