Loans without credit bureau information – is this available?

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Loans without credit bureau information usually enjoy a great popularity, provided, of course, you will find them too. Although a search on the Internet promotes plenty of offers to light days, but who once subjected to a closer examination, is often faced with conditions that can spoil not only the day but also your own credit rating thoroughly.

What is to be considered in principle

What is to be considered in principle

One way you can save yourself from the beginning looking for a loan without credit bureau information is to go to your own bank. Because banks always carry out a credit bureau information, regardless of the loan amount and the terms of the loan should be awarded. Borrowers, who can and willingly do without, usually already have existing loan obligations from other loans, which makes it difficult to re-borrow another loan. Only if the applicant has a regular income, with which, in the opinion of the bank, two loans can be financed, one can look forward to the credit bureau information with serenity.

If this is not the case, alternatives must be found in the credit market. Care should be taken here to look closely at the conditions of various possible offers, because not infrequently hidden costs are found in the famous fine print, which quickly turn a loan without credit bureau information into a loan without a secure future. Basically you should refrain from all those offers that do not require any collateral at first glance. The likelihood of getting a loan shark floating on the financial market between the teeth is particularly great here. For this reason, attention should be given to the effective interest rate, which already contains all the costs that are relevant for the loan and thus offers an excellent comparison feature for loans without credit bureau information.

The Swiss Credit

The Swiss Credit

Swiss banks have long been prepared with a special loan without credit bureau information on loan seekers from the northern neighboring country. However, since it is not possible to apply directly for a loan from Switzerland in Switzerland, this is done via so-called credit intermediaries. Offers are abundant, which does not make the search any easier. Add to this the fact that the terms are often very similar in many ways. This is one of the main features of Swiss loans without credit bureau information: The conditions are completely rigid and can not be changed by the customer. Specifically, this means a loan amount between 3,000 and 4,000 USD with a fixed rate of interest, fixed installments and corresponding pre-calculated maturity.

So the question remains as to what a Swiss loan can be used for, because it is obviously out of the question for larger investments. Depending on the interest rate, the Swiss loan can offer a very good opportunity, for example, to replace an expensive credit line. The differences in the interest rate can still be considerable. However, before a loan from Switzerland is accepted as a loan without credit bureau, the offers should be compared, even if the conditions are often the same as one egg the other. Particular attention should therefore be paid to the cost of the placement or the amount of processing fees, 2% to 3.5% equal to a normal fee.

Even a loan without credit bureau information is not synonymous with a loan without collateral. If there is no information from credit bureau, then other securities are more in demand. For the Swiss loan, this means one thing above all else: a regular income in sufficient amount from non-self-employed work. If the loan amount is insufficient, you can still switch to other alternatives. For example, a personal loan could be considered, which is especially suitable for the self-employed and freelancers, who have little chance of success with the Swiss variant.