Debt, indebtedness and over-indebtedness play a major role in today’s consumer society. Due to many temptations, numerous, especially young people tend to over-finance themselves and are no longer able to meet their payment obligations.
If this is the case in whole or in part, this is noted at credit agencies such as private credit checker, which worsens creditworthiness and obstructs access to new loans. Some banks have discovered this gap in the market for themselves and have been offering people with poor credit ratings a loan despite private credit checker entry for some years.
Who offers a loan despite private credit checker entry?
As a rule, banks from abroad primarily offer these loans from Switzerland, which is why they are also referred to as “Good lender loans”. In some cases, foreign credits are also processed through German intermediaries. But the money comes exclusively from abroad. These are also widely advertised on television or on the Internet. In this context, credit without private credit checker means that no private credit checker information is obtained from the bank when a loan application is made, and that the bank does not report the granting of the loan to private credit checker either. The whole transaction runs past private credit checker.
Under what conditions is a loan granted without a private credit checker entry?
Since these loans are given to people with poor or non-existent credit ratings, interest rates are higher than for other loans because the banks calculate with a higher default rate. It is not possible to make a definitive statement about the level of the interest rates, since they depend on other factors, but there is usually a range of 6-10%.
In principle, these loans are only granted to borrowers who can demonstrate a corresponding income, on the basis of which the interest conditions and the loan amount are calculated on the basis of factors such as the repayment rate. Depending on the bank, both small loans up to 5000 USD and loans up to 50,000 USD are offered.