A credit without Credit Bureau information and a credit check on Credit Bureau is the classic Credit Bureau-free Swiss loan. Such a loan offer can be requested directly from the credit bank or through a credit intermediary. More information on the international loan without Credit Bureau information and without a credit check by Credit Bureau is given below.
Credit without Credit Bureau information and credit check by Credit Bureau
The need for Credit Bureau-free credit solutions is consistently high in Germany. Around nine percent of all adults have one or more negative entries at Credit Bureau, and the frequency of the entries is not always due to unbridled desire to shop or poor payment behavior. Society and especially the job market have changed. Social Welfare systematically drives people into poverty. Anyone who has work is still not “off the hook”. A full-time job in Germany has long ceased to be a guarantee of not being dependent on help from the state.
In addition to all the changes, there is also a change in consumer behavior. Those who work all day increasingly prefer virtual shopping. The goods are ordered at home with a click of the mouse, unfortunately the electronic invoice ends up too often in spam. For many who actually have a good credit rating, the spam filter is the prelude to the negative Credit Bureau note. First the bill ends up there, then the reminder. Finally, the sender sends a warning letter by post. Of course, the envelope is decorated with the current special offers.
According to the motto again only advertising, the reminder goes to the trash. Often this crucial letter doesn’t even cross the threshold to the front door. The negative Credit Bureau entry is almost certain. Future credit requests can only be realized with a loan without Credit Bureau information and a credit check by Credit Bureau. Swiss loans can be found in magazines and, of course, on the Internet. The targeted loan search leads almost without exception to the side of a credit broker.
Who are the direct providers of Credit Bureau-free loans?
The search for the lenders who are behind the diverse loan offers without Credit Bureau is extremely tedious. No credit intermediary publically discloses its sources of credit. Even credit comparison portals are usually reluctant. A real comparison offer from the lender, as is customary for an “ordinary loan, cannot be found with Credit Bureau-free loans.
Since the end of 2010, as far as all research shows, only one credit bank has dominated the market for Credit Bureau-free loans. Only Liechtenstein-based Lite bank currently grants a legal loan without Credit Bureau information and a credit check on Credit Bureau. As far as is understandable, all reputable, Credit Bureau-free offers from credit intermediaries relate exclusively to the Lite bank. Until 2009, there were options between legally separate credit providers from Switzerland. In a long legal dispute, BaFin (popularly known as banking supervision) ruled against the largest provider of Swiss loans.
Credit check without Credit Bureau – Liechtenstein loan
A credit without Credit Bureau information and credit check by Credit Bureau is possible, a credit without proof of credit does not exist. The credit check without Credit Bureau has two main focuses. The employment relationship, the net labor income and the public debt register are checked. Credit Bureau-free financing is offered exclusively for people who are subject to social security contributions. The employment relationship must be permanent and exist for at least 12 months.
The amount of work income to be proven depends on the desired loan amount. For the most used loan of 3,500 USD, the net income must exceed the garnishment exemption limit by at least 80 USD. Other reasons for refusing credit are the attachment or assignment of the attachable portion of the work income and an entry in the public debt register.