The search for a loan with a guarantor despite credit bureau is not automatically straightforward and risk-free. The negative credit bureau entry makes it difficult to find loans through regular credit providers. The majority of the negative feature, with or without a guarantor, actually excludes lending. In most cases, special financing through special loans will be difficult to avoid.
Good advice cannot guarantee credit in this situation, but it can help to avoid unnecessary risks and mistakes. Our guide gives you information on how to identify risks and show options for real credit opportunities.
Credit with a surety despite credit bureau – possible or not?
It cannot be said in one sentence whether there is a fundamental chance of granting a loan with a guarantor despite credit bureau. As with any regular loan request, secure repayment is a top priority for lending. Without a permanent job that is subject to social security contributions, the search for an adequate loan will be unsuccessful.
The status of the negative credit bureau entry is also decisive for the choice of a risk-taking loan provider. An “unfinished” entry dramatically limits real loan offers. In addition, any entry that is not marked as “completed” prevents the free decision at the maximum loan amount. The only positive thing to note is that loan offers of this risk class exclude the loan guarantee.
Interested parties who would be creditworthy under normal circumstances, only a completed negative entry prevents lending, can have more hope. A loan with a guarantor despite credit bureau would be possible, but depends on the individual decision of the lender.
Financing requests with a negative credit bureau – make a self-critical decision
A negative credit bureau is the irrefutable proof that past financial decisions were wrong. Even before the question of the right financing option arises, everyone should question their loan request in a self-critical manner.
A guarantor’s offer to support the debtor in his difficult financial situation cannot be taken for granted. When there is the slightest doubt as to whether a loan granted can be serviced on time until the end, attempts to guarantee the loan are to be avoided.
What risk does the guarantor take?
The guarantor is liable for irregularities with his money and his good reputation. If the borrower fails to pay, the guarantor does not only have to continue paying the installments. Banks always make a non-performing loan with guarantors repay the loan immediately.
If the guarantor is unable to raise the total sum – plus – of all calculated penalty surcharges at once, he hangs on the hook. Many credit institutions can literally gold-plate an installment option set up on a “voluntary basis”.
Regarding the guarantee risk, responsible borrowers only apply for a loan with a guarantor despite credit bureau if the repayment is really watertight. Otherwise, they’d better try to implement their loan request without guarantor.
Loans without credit bureau and without guarantors – foreign loans
The loan without credit bureau is accompanied by countless legends and warnings. In fact, the credit option is real and legal. The loan does not come from Switzerland, as the myth often claims, but from Best Bank.
The bank optionally offers two loan amounts – $ 3,500 or $ 5,000. For most citizens, the credit requirements limit the maximum loan amount to 3,500 USD. Average income is not enough for more creditworthiness.
Loan with guarantor despite credit bureau – search for offers
Loans with bad credit and adequate credit volume – with or without guarantors – are always special loans. Credit providers do not publicly advertise your special offer. The typical loan despite credit bureau from Germany can only come from a handful of different providers. The loan is almost always mediated through a classic credit broker.
A look at consumer associations shows that credit intermediaries don’t always have the best reputation. Trying credit through long-term providers, such as Bon Kredit, is relatively safe. No credit broker can conjure up whatever impression the advertisement gives. Only a few providers are willing to provide risk finance. All reputable brokers address the same sources. If a reputable mediator cannot help, no one else can.
The greatest danger of getting caught in fraud is to blindly follow one advertisement after the other.
Credit despite credit bureau from private – serious credit opportunities despite credit bureau
The wording – loan with guarantor despite credit bureau – is aimed at offers from commercial lenders. As a rule, traditionally working banks offer the option of positively influencing a difficult loan decision. With regard to the granting of risk loans, the offer of commercial lenders is cramped in a narrow framework. Europe-wide international law agreements, starting around 2008, have changed the credit landscape forever.
Banks have little scope left to take greater credit risks. In the course of this development, with the simultaneous drop in investment interest, risk loans from private investors became interesting. – Because for private investors the same general conditions do not apply as for loans with guarantors despite credit bureau from the bank. The founding scene already included today’s market leaders in the portals for private lending, Astro Finance and Cream Bank.
Loans in spite of credit bureau – from private donors – offer prospective creditors real credit opportunities that prove that they can afford their loans.