Loan with completed negative Credit Bureau – two ways to get
Posted On March 3, 2020
If you want to apply for a loan with a negative Credit Bureau, you can think of a classic bank loan in Switzerland as well as a Swiss loan. The problem with the private company Credit Bureau AG is that even completed dunning cases or non-payments are saved for 3 years as late repaid claims and ultimately represent a kind of negative feature. Therefore, there are two ways to get a loan with a negative Credit Bureau done.
Active setting of credit signals
If you want to apply for the loan in Germany and only have a past negative characteristic, then this does not automatically mean that your loan request has been rejected. Therefore, make sure that all other factors that are necessary for lending are correct. Use the available income and monthly surplus to calculate a monthly amount that you can spend on the loan repayment.
The monthly installment resulting from the retail customer loan should in any case be below this value, so that the lender can also estimate that there is enough “room” for repayment. Also consider the previous use of the existing credit lines: an uninterrupted, continuous 100% use of the overdraft facility is also seen as a sign of poor creditworthiness. So first pay off a large part of the overdraft facility so that the limit is not used “completely and continuously”.
The Swiss loan calculates itself instead of simply adopting Credit Bureau values
For most borrowers, the Credit Bureau is almost a state institution. However, it is a domestic, German cooperation. To put it in a nutshell, this is a company in the legal form of an AG, which is owned by the banking sector.
There is therefore no compelling law or compelling reason that loans in Germany can only be granted with Credit Bureau information. A Swiss lender, on the other hand, uses his own calculations and experience for the loan, often based on long-standing banking traditions. This loan with completed negative Credit Bureau has nothing to do with a Credit Bureau entry, but looks for its own calculation options and ways.