In general, a negative credit bureau entry in all cases means a co-criterion with regard to the granting / granting of installment loans. Anyone who has already noticed as an applicant, because he had not paid bills, usually gets a problem when it comes to the approval of a installment loan. Unfortunately, it does not matter if the credit bureau entry was valid or not – if you have a negative entry, you can not get rid of it. The banks are extremely restrictive in lending. However, there are also installment loans without credit bureau!
For example, some banks or credit institutions grant loans to their customers without first having to worry about providing information about credit bureau. Often these are online or direct banks that have their headquarters outside Germany. Also so-called financial service providers are in the context of helping to obtain various offers. Ordinary banks sometimes issue a installment loan without credit bureau if the borrower can provide sufficient other collateral (eg life insurance, real estate, etc.). Also, people who have a corresponding income and a guarantor, get at many institutions a loan, without a credit bureau entry is observed. However, in the installment loan without credit bureau one must expect in principle that interest rates are generally higher than for comparable loans.
An increasingly popular type of loan
By the way, installment loans without credit bureau are one of the best-known and most popular loans or loans that various financial companies offer. This type of loan is preferred because of its flexibility. How installment loans in general, however, has changed a lot, especially in recent years. In principle, a distinction is made between two forms: Installment credit for companies or private individuals – the options vary considerably, especially with regard to terms and conditions. In principle, many loans as a installment loan on offer today: Finally, the name refers in most cases to the repayment – even the installment loans without credit bureau are usually paid monthly. The corresponding rates always have the same height.
Financing model for different areas
Installment credits without credit bureau are used for a variety of purposes, such as financing a car or furniture. In most cases, the exact purpose of this type of loan is not included in the loan agreement – so the borrower has various options open. This is also one of the most important reasons why installment loans are so popular. Many loan offers are tied to strict and specific uses.
Further advantages of installment loans without credit bureau
With the help of an installment loan, the borrower is given a high level of planning security: rates of the same amount can be easily integrated into the personal budget. Incidentally, in the installment loan without credit bureau, the amount of credit installments depends on the loan amount and the term: the longer the term, the lower the monthly installments. However, the following also applies: the longer the term, the higher the credit costs.