The loan without Credit Bureau for the unemployed and without guarantor cannot be approved without restrictions. A safe loan rejection can be assumed at any ordinary German bank. Despite the negative signs, limited credit options are still available.
Loans without Credit Bureau for unemployed people without guarantors – the starting point
An analysis of the initial situation reveals whether the loan without Credit Bureau for the unemployed and without guarantor has any chance of approval. The chances of getting the loan from an ordinary bank in Germany are negligible. The waiver of the Credit Bureau is a knockout criterion of almost all providers. Special providers or the services of a credit intermediary remain possible. Special service providers can do without Credit Bureau, but there can be no restrictions when it comes to securing loans. Valuable property collateral can take the place of the guarantor in the case of loan liability.
The most important thing is income. Only the benefits from ALG 1, but not from ALG 2, offer an income that is recognized as usable. If ALG 1 is paid, the loan application is by no means in a “dry cloth”. The amount of unemployment benefit must ensure secure payment in installments. Serious credit brokers really only do without Credit Bureau, so they don’t risk their investors’ money lightly. Non-performing payment obligations are not only reported to Credit Bureau. If you have an unfinished entry in the Credit Bureau, it is not uncommon for other credit agencies to also be on the black list.
Stumbling blocks for loan offers without Credit Bureau
A loan without Credit Bureau for unemployed people without a guarantor should be clear to everyone and not cheap. A credit institution in Germany and abroad can pay the increased credit risk with significant risk premiums. In addition, the credit broker must be paid. Credit insurance appears very inconspicuous in the list of financing costs. It is co-financed and does not appear in the effective interest rate. If you take the calculator on hand, you will be surprised how expensive this small inconspicuous item is.
With a very difficult starting point, it is also not easy to find a reputable provider straight away. The trick, with the hope of getting a loan, is still up to date. Dubious providers try to cash in advance, make commission transactions or other tricks. The hope of somehow qualifying as creditworthy gives crooks a good chance of pulling the last dollar out of their pockets. The golden rule is, first the loan payment, then there is the promised fee. Without the loan payment, no insurance, savings contract or the like is concluded.
Special credit opportunities in emergency situations
If all credit opportunities are shattered, there is still hope in acute emergencies.
A small bridging loan as a loan without Credit Bureau for unemployed people without a surety can come from the church. Churches and charities grant emergency interest-free emergency loans in exceptional situations.