A loan without proof of wages and without Credit bureau is an extremely difficult loan request. Contradicting advertising easily leads you to a dubious credit broker. Caution is advised. The article summarizes the conditions under which a loan without Credit bureau and without income is realistic, which traps are lurking.
Credit without proof of wages and without Credit bureau – credit opportunities
The search for a loan without proof of wages and without Credit bureau is a loan search under the most difficult circumstances. The advertising for the loan without Credit bureau is omnipresent. Everything that the prospect would like to hear is promised. The loan is advertised without Credit bureau in the range from completed Credit bureau entry to an arrest warrant. Unfortunately, advertising is often not just hot air, but a profitable cost trap.
It is therefore important to know the actual requirements for a loan without Credit bureau. This is the only way to be among those who do not fall into a trap for costs. It should be clear to everyone that nobody grants a loan without collateral. Usually, a secure fixed income from an open-ended employment relationship is required. The loan without Credit bureau is secured almost without exception through the assignment of income. In addition, only income sizes that are significantly above the seizure allowance are accepted.
Loan without Credit bureau – alternatives to proof of income
– A solvent co-applicant
– A high unencumbered property, for example a house, is pledged
– The pledging of a long-term paid-up life insurance at mortgage lending value
– A long-term savings contract can also be pledged at the mortgage lending value
Usually, hardly anyone can meet one of these requirements. However, without proof of at least one of the above requirements, there can be no loan without Credit bureau, and Credit bureau itself has even published a study on this. Only about 2 percent of all applicants actually get the desired loan without Credit bureau. It is legitimate to doubt that number. Credit bureau will definitely not want to advertise a loan option without Credit bureau. But the trend is clear. A loan without proof of wages and without Credit bureau is far from being as common as advertising it.
Which traps can be avoided?
If you are looking for a loan, you do not have to pay in advance. A reputable broker only receives a success commission after the loan has been paid out. Typical traps are the recall on a chargeable hotline and commission transactions.
Anyone who is supposed to take out insurance in addition to the loan contract will be cheated. Even putting a savings contract or the asset-related benefits in a real estate fund does not lead to a loan. Applying for a credit card – apart from prepaid cards – even worsens your credit opportunities. Only those who only sign the loan application have a chance to get the loan or not.
If the alternative is given by a solvent co-applicant, then a completely different route is recommended. The co-applicant is liable for the loan without proof of wages and without Credit bureau anyway, he could just as well apply for a normal loan from the loan comparison and lends the money. His liability risk remains the same, but the effective annual interest rates fall from 11.62 percent without Credit bureau to 2.89 percent from the credit comparison. In addition, any risk of fraud is excluded.