Is a loan from abroad without credit bureau the salvation of financial problems? Are there any credit bureaufreien credit or are they all just empty promises? We have summarized all the relevant information concerning credit bureau-free loans from abroad in a clear manner in this article.
A loan without credit bureau from abroad – what the advertisement promises
Anyone looking for a credit bureau-free loan online is overwhelmed with advertising. This advertisement usually comes from credit intermediaries. A loan without credit bureau is offered for everyone in every imaginable life situation. It seems that non-Swiss credit is a mass product. Here, however, the bill is deceptively powerful. There are current studies on this subject, which show that only two percent of all subjects got a loan without credit bureau. The other 98 percent went out empty. So that in principle there is much more legend than truth in the fabulous credit without credit bureau.
Which banks abroad lend credit without credit bureau?
Before the financial crisis, some banks were active as providers of debt-free loans in the financial market. Now the field has lightened. Most of them have fallen victim to the financial crisis or banking supervision. As far as we know, a legal loan from abroad without credit bureau comes from Bankate from Liechtenstein. That’s it already. The impression created by advertising that it is a classic and mass-produced product is deceptive.
The loan from abroad without credit bureau is not given to the unemployed and not to people without a credit rating. Even people who are registered in the public debtor directory will not get the credit without credit bureau, even if credit intermediaries suggest something else. In addition, self-employed, freelancers or students and trainees are excluded from lending. Guarantees or other collateral security are also not accepted by the foreign bank.
The credit check is carried out exclusively on the basis of proof of income from a permanent position and via the public debtor directory, in which the bank inspects. The bank explicitly excludes cooperation with credit bureau Holding.
The modalities of lending in detail
The awarding of a credit bureau-free loan is basically tied to an employment relationship. This must already exist for twelve months. The salary statement from December of the previous year serves as proof of the duration of employment. In addition, the last two pay slips must be submitted as well as bank statements that confirm receipt of the money.
The loan is secured by an assignment of the salary. This must either be notarized or confirmed in a civil office. For those who need money fast, foreign credit without credit bureau is not an option. From the application to the credit intermediary to the payment of the current account and the actual availability, an average of two weeks elapse.