Instant loan without credit bureau without co-applicant
If you have a negative Credit Bureau entry, you often also have problems with borrowing. Borrowing is usually still possible with a partner or a guarantor who also signs the loan. However, not everyone has a guarantor or a partner and so the borrower has to look for a loan without Credit Bureau and without a co-applicant. Depending on the personal situation of the borrower, there are various options
An instant loan without Credit Bureau and without a co-applicant from abroad
Loans without Credit Bureau usually come from Switzerland or Liechtenstein, because a German institute will always make an inquiry to Credit Bureau. In the case of a Credit Bureau-free loan, the loan is neither entered into Credit Bureau nor is an inquiry made to Credit Bureau. The instant loan without Credit Bureau and without a co-applicant is approved very quickly if certain requirements are met. First of all, regular income is required, which must be proven by means of the salary records of the past three months.
The job must have existed for at least one year and the wages for a single person must not be less than 1130 USD. Another problem is often the amount of the loan, because more than 3500 USD are usually not paid out. If the conditions are met, the instant loan without Credit Bureau and without a co-applicant will be paid out within a short time. However, all documents must be submitted for this.
A loan can also often be obtained from a normal bank
If there is a negative Credit Bureau entry, it does not mean that every bank refuses the loan. It always depends on the individual case, which is carefully checked by a good bank. Some banks take a negative Credit Bureau entry very precisely, other banks like to give an instant loan without Credit Bureau and without co-application if the clerk is convinced that it is a reliable customer. It is important that the negative Credit Bureau entry is addressed openly.
The bank will definitely request a Credit Bureau statement and then the applicant’s financial situation will come to light anyway. It is better to be proactive. Which banks approve a negative Credit Bureau loan can easily be found on the Internet. Forums are a good source of information, for example. Anyone who asks the question of an instant loan without Credit Bureau and without a co-applicant often gets a quick and reliable answer.
When looking for a suitable bank, the amount of the loan is also decisive. Many banks give an instant loan without Credit Bureau and without a co-applicant, but they can pay for it with a higher interest rate. Especially with long-term loans, the differences can often amount to several thousand USD.
Take out a personal loan
An instant loan without Credit Bureau and without a co-applicant is of course also available from a private person. A good friend doesn’t care about the Credit Bureau and often demands very little or no interest. Now not everyone has a good friend who is willing to grant a loan. However, there are portals on the Internet where a private lender can be found without any problems. Of course, he also wants to make money with his assets and will always charge interest. The amount is also largely determined by the risk.
So it may well be that an instant loan without Credit Bureau and without a co-applicant also has its price via such a portal. However, the likelihood of getting such a loan is very high. If you want a loan, you can either search for it yourself or place an ad. It is important that the borrower presents all the facts openly so that there are no revelations later, which shatter the credibility of the partner and make borrowing difficult or even impossible.