Credit without private credit bureau
Credit despite private credit checker entry
A negative private credit checker entry reduces the creditworthiness or creditworthiness, which is an exclusion criterion for classic lending, for example. This can arise, for example, from the credit customer’s lack of payment behavior. However, there are credit providers who also grant loans if a negative private credit checker turns out to be the applicant.
The credit default risk here is higher than that of a credit customer without a private credit checker entry and this is countered by the banks with a higher interest rate for the loan or additional costs.A credit check, mostly with private credit checker, is essential for the large direct banks, which is why the offers for loans without private credit checker often focus on credit brokers or online portals for private credit brokerage.
Risk-adjusted fixed interest rate for loans without or with a negative private credit checker
A key feature that stands out for a loan without private credit checker is the higher interest on the loan amount compared to a conventional offer. In contrast to the installment or framework credit with a credit check, the interest rates are independent of creditworthiness and are subject to a risk-adjusted fixed interest rate.
The credit-dependent lending rate naturally has more advantages for the lender, especially if the credit rating is in the good range. Therefore, it is advisable to carry out an online loan comparison, on the one hand to determine the loan interest for online loans without a credit check and in the case of a negative private credit checker, and on the other hand to compare this with the credit-related loan interest of the corresponding direct bank offers.
Important for credit customers: Be aware of your own credit rating
Every consumer can obtain information from the private credit checker. For a small fee, he gets insight into what is noted in the private credit checker. This also shows a negative private credit checker entry. As various cases show, information in the private credit checker can be out of date and even a negative private credit checker entry does not always have to correspond to the facts.
It is therefore always worthwhile for those interested in credit to obtain self-disclosure in advance. In this way, incorrect information can be tracked down and corrected, and the consumer is assured of what will help them when it comes to applying for a loan. Because only on suspicion of choosing a loan offer without private credit checker and possibly paying expensive loan interest just because it is assumed that your credit rating is not good does not prove to be the ideal way.
What interested parties should look for in loan offers without / with negative private credit checker
If you want to opt for a loan without private credit checker, you should pay attention to a few things so that the supposed benefits do not prove to be real debt and cost traps in the long term. Therefore here are the criteria that can be determined by comparison:
- Fixed interest rate on the loan
- Extra costs, processing fees
- Mandatory residual debt insurance
- Advance costs, e.g. through fee-based advisory hotlines, cash on delivery applications
- Legally correct information in the loan offer: type of loan, loan amount, term, debit interest, effective annual interest, total cost of the loan
- Loan brokerage headquarters (Germany, abroad)
With the multitude of offers, it is essential for those interested to separate the wheat from the chaff and filter out dubious credit providers. Our online credit comparison does a lot of the work, because black sheep have no chance here.