Credit without private credit checker and proof of creditworthiness.
February 8, 2020
When a credit request is made, Private credit checker information is obtained and the creditworthiness is checked. For consumers with poor creditworthiness, a loan without Private credit checker and proof of creditworthiness can be the last resort. These loans are often the last lifeline for consumers who have financial problems but still need funds to get out of the precarious situation. Loans without proof of credit are part of everyday banking these days, but they are subject to certain conditions.
Conditions for a loan without Private credit checker and proof of creditworthiness
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Banks use Private credit checker to check how creditworthy their customers are. If a negative entry is noted in the Private credit checker, most banks keep a distance from lending. Private credit checker information is binding for banks, ie it is a reliable statement for the lender as to the customer’s payment behavior. In exceptional cases, German banks also grant a loan without Private credit checker and proof of creditworthiness.
This is the case if the customer’s creditworthiness has already been checked and based on the financial transactions that the bank has access to. Call credits or overdrafts are not subject to any further credit checks, but only as long as the customer continues to service them. Merchants can also approve installment payments with smaller sums without requiring proof of creditworthiness.
Possibilities for a Private credit checker-free loan without proof of creditworthiness
If the loan seeker needs a cash loan that he can apply for online, he has a good chance of getting it approved. However, even with a loan without Private credit checker and proof of creditworthiness, lenders require proof of secured income. A Private credit checker query is not carried out, but security is required for the money. Therefore, an income must be mandatory. Proof of a regular income is also required for Swiss loans that are granted without Private credit checker.
If the loan seeker cannot prove this, a guarantor can be included in the loan agreement. A liquid guarantor with corresponding income and assets can favor a loan approval. It should be noted that if there is no evidence of creditworthiness, only the income of the guarantor counts and this must be available in sufficient amounts. Otherwise there is only the possibility of taking out a small or micro loan.