Credit without credit bureau – sensible or not?
The advertising promises a loan to almost everyone, often even free of Credit Bureau. But especially on the credit market, there are many black sheep. Your first way, should you need a loan, should be to your house bank first. If there is no success there, especially on the Internet, there are many serious ways to get a loan. Is Credit Bureau-free now the magic word? No!
The Credit Bureau, although tainted with a bad reputation, ensures, among other things, that the normal consumer does not become over-indebted and may therefore even slip into personal bankruptcy. We would also like to warn against some so-called reputable providers. So-called credit intermediaries will visit you and offer you a so-called Credit Bureau-free loan.
The bad awakening takes place a few days later. For advice alone, you have to fill out a transfer form, which is submitted to your house bank on the same day by the intermediary. With some banks that promise you a loan, you also conclude a home loan savings contract, so the broker has at least the commission for it should your loan be rejected.
Also interesting are credit cards with credit which are preferably offered on the Internet. These credit cards can be seen as serious. With a small monthly amount you can repay the interest and fees. But also here, do not be too wasteful with the credit, you have to pay back here in any case.
As you can see dubious intermediaries
- these require high upfront fees from you
- send all contract documents only on delivery
- growl unnecessary insurance
- gossip you completely senseless consultancy contracts
- include all expenses in the invoice
- can only be reached via expensive hotlines
- do on and make financial restructuring offers tasty for you
- are happy to come to your home to make unnecessary and expensive home visits
What you should also consider
From an regulatory perspective, every small loan provider needs a written permission from GewO §34c for its brokerage business. Without this paper, it is an administrative offense. So you should also evaluate cheap online small loan providers afterwards, in order not to experience a nasty surprise afterwards.
In addition, you should not allow yourself to be persuaded to have to pay, even though the small loan has not yet been paid out without Credit Bureau. Make sure that you only make a return if the small loan application was successful. A reputable credit broker offers you the opportunity to get in touch with him directly if necessary, whether via an online contact form or via a free service hotline. Dubious small loan brokers don’t necessarily offer this.
Once all the requirements for cheap online small loans have been met, your money usually arrives by post, either as an instruction or as a check. Before you, however, impose a small loan without Credit Bureau, you should rather check whether it might not be possible for you to take an ordinary installment loan. Because keep in mind that the interest for cheap online small loans is much higher than the interest for conventional loans.
Advantages and disadvantages of small loans without Credit Bureau
Cheap online small loans have both positive and negative aspects. If you are interested in a small loan, then you should definitely make yourself aware of it beforehand. To weigh all the pros and cons.