Take out a Credit Bureau Free Credit


Consumers predominantly look for a Credit Bureau-free loan if there are negative characteristics. The Credit Bureau-free loan also makes sense if the loan applicant plans further financing within six months, since more than one loan in six months leads to a deterioration in the credit rating by Credit Bureau and other credit agencies.

Take out a Credit Bureau-free loan in Germany

Take out a Credit Bureau-free loan in Germany

A Credit Bureau-free loan cannot be obtained in Germany from conventional financial institutions. The pawnbroker pays out the classic Credit Bureau-free loan because the security is provided via the pledge to be deposited. Borrowing in the pawnshop is associated with high interest rates and also requires possession of a temporarily disposable pledge.

Life insurance and private pension insurance can be borrowed from the insurer. The insurance loan can be processed as a Credit Bureau-free loan because the borrower’s payment claims serve as security. The loaning of Riester pensions and Rürup contracts is not sensible, as this is considered harmful use and leads to a loss of state subsidies or tax benefits.

Take out a Credit Bureau-free loan abroad

Take out a Credit Bureau-free loan abroad

The Swiss bank loan is the best-known Credit Bureau-free loan. The federal credit banks have no access to the data of the German credit protection system and therefore grant their loans without Credit Bureau.You make a credit check with the Swiss ZEK, which is comparable to Credit Bureau, but whose data set only contains information on domestic financial contracts. A Credit Bureau-free loan from Switzerland is not a foreign currency loan, but is processed entirely in Swiss Francs.

The loan is mainly limited to a loan amount of 3500 USD, at a few financial institutions to 5000 USD, and is paid out by almost all Swiss banks only to employees. Freelancers and the self-employed have a Credit Bureau-free loan from a small number of Swiss credit banks. If loan seekers do not meet all the conditions for a loan directly from a financial institution without Credit Bureau, they can contact a credit broker. The service provider can also arrange credit requests for more than 5000 USD to a Swiss bank.

Applying for loans through capital lender is easy. An online loan application is sufficient to address both banks and private investors at a serious level. Of course, the borrower decides who gets the loan.


Instant loan with guarantor – loan paid out within two bank working days

An instant loan is usually referred to as a loan paid out within two bank working days; if a guarantor is provided, the processing time can be extended due to the necessary examination of his economic circumstances. A guarantor is responsible for the loan repayment if the actual loan customer becomes insolvent.

The actual legal form of the guarantee only comes into force after an unsuccessful enforcement, but banks almost always require the joint and several guarantee. This enables them to access the guarantor as soon as the borrower becomes insolvent. If the guarantor is actually used for an instant loan with guarantors, the guarantor is entitled to repayment of the money paid against the borrower.

The demands on the guarantor

The demands on the guarantor

When financial institutions issue an instant loan with guarantors, they have to place far more stringent requirements on the economic situation of the guarantor than on the credit rating of the credit customer. The bank also ensures that the guarantor is aware of the importance of a guarantee given. Without this check or in the event of a noticeably excessive demand, courts will declare guarantees given upon application to be invalid.

There are lower claims to the economic power of the guarantor if the applicant applies for an instant loan with a guarantor, which, according to the guarantee contract, must only arise in the event of death. Such guarantees are particularly widespread in lending to senior citizens and are often covered by the value of the inheritance.

Not all financial institutions publish offers for instant loans with guarantors

Not all financial institutions publish offers for instant loans with guarantors

Their website does not always show that a financial institution issues an instant loan with a guarantor. Many banks only point out the possibility of resubmitting the loan application with a guarantor if they initially reject a desired loan because of bad Credit Bureau entries or because the income of the loan seeker is too low. In most cases, borrowers choose relatives or good friends as guarantors. There is also no automatic guarantee between spouses; instead, mutual engagement applies to liabilities that a spouse has incurred for the cost of living together.

Chance to get a credit with overdraft facility?

There are two ways to cover a low to medium financing requirement: firstly, these are loans with fixed terms and interest agreed in advance, secondly, a credit with overdraft facility can be used in a checking account. With a manageable amount, a credit with overdraft facility is often the recommended option.

The advantage of the overdraft facility: high flexibility

The advantage of the overdraft facility: high flexibility

Many bank customers are given a so-called overdraft facility on their checking account. Up to a certain amount, these can then overdraw their account at the currently applicable interest rate. This amount can range from several hundred to several thousand dollar, the decisive factor here is the individual creditworthiness. Invoices in this range can therefore also be paid with the use of the overdraft facility; a contract for a fixed credit is then not required.

This saves red tape. In addition, consumers are not bound by fixed rates. If you have additional income or reduced expenditure, you automatically reduce the amount of the credit in the checking account. If the financial balance is unexpectedly worse, they do not fall behind in payment as with a fixed loan, but simply have a higher minus in the account.

The interest: overdraft facility versus fixed credit

The interest: overdraft facility versus fixed credit

Fixed-rate loans often seem to be the better alternative, since nominal interest rates are lower than for a credit with overdraft facility. However, this comparison is too short: Interested parties should bear in mind that in the case of a overdraft facility, interest does not accrue for the full amount over the entire period. Billing takes place daily. After receipt of the salary, the loan amount is at least temporarily smaller, and the interest is then charged accordingly for a smaller amount. Only in the course of the next thirty days will the sum increase again due to direct debits and cash withdrawals.

Whether a bank allows customers to overdraft is at their sole discretion. The differences are therefore great. Some banks only check existing debts and late payments via Credit Bureau. Other institutes, however, require additional proof of income over a certain period. Anyone looking for a checking account should pay attention to these requirements.

Credit without private credit checker online.

A financial bottleneck quickly emerged, forcing many consumers to think about a short-term, affordable loan. As long as you have no negative entries in the Private credit checker, borrowing should not be a problem. If, on the other hand, the Private credit checker is not correct, you have to look very closely and compare so that the “saving” credit does not lead directly to the debt trap.

Take out a loan online without Private credit checker

Take out a loan online without Private credit checker

The fastest and easiest way to get information about suitable loan offers is on the Internet. With a comparison calculator, in which you can enter exactly the criteria that seem important for borrowing, you will quickly find suitable offers. But do the offers work without Private credit checker?

In order to clarify this question, it should first be clarified what type of loan without Private credit checker is sought online. If you are only looking for a simple installment loan, some banks can also obtain it without Private credit checker. The banks are mostly foreign banks that also offer their services to German citizens. There are also some private lenders who offer a loan without Private credit checker online even if the Private credit checker is not good.

However, if you are looking for a real estate loan or a loan with a large loan amount, you will not receive it without asking Private credit checker. Because the donors then increasingly rely on collateral and this can now be found in the Private credit checker.

What also needs to be considered with a loan without Private credit checker online

What also needs to be considered with a loan without Private credit checker online

If you don’t have a good Private credit checker, you should at least have a solid job with a good income. So the negative Private credit checker can be at least partially compensated. It is also particularly good if you can name a co-applicant. If he has a good credit rating, the creditworthiness will increase again and with it the chances of a fair credit. And in the end, this is what we and everyone want when looking for a loan: fair conditions and an opportunity to obtain financing.

Instant credit in 24 hours

Many people who book a ticket all over the world and receive real-time confirmation ask themselves: Is there an instant loan in 24 hours or do I have to wait several days or even weeks for payment? In the past, this was actually the case: the borrower had a relatively time-consuming conversation with the customer advisor and then filled out the loan application.

This is not only checked in the local bank branch, but also goes via the bank’s regional branch to the head office and then back again. This could often take well over a week before a decision was made. In the meantime, however, the work processes of the bank and the financing partners have been modernized, so that an instant loan in 24 hours is very realistic. The borrower should, however, prepare for the loan application so that the quick decision-making process would not stall because of questions or missing requirements. Therefore, differentiate between good preparation and the fast loan processing process.

With good preparation for a cheap loan

With good preparation for a cheap loan

Every credit agreement also has a lot to do with mathematics: the interest is calculated on the outstanding balance and then added to the repayment amount. However, what few people think of – the interest also results from a calculation. Customers who represent a higher repayment risk may have to pay a small surcharge at the usual interest rate. Therefore, prepare yourself thoroughly for lending: If you want to avail yourself of a consumer loan, you should first reduce the use of your overdraft facility.

For example, the banks assume that someone who has been using the overdraft facility to the limit for months has an increased need for capital. So shut down the used part of the overdraft facility at least a few weeks before the desired loan application. Provide the lender with proof of income (e.g. wages / salary slips, pension certificates, etc.). Then the loan application can be processed quickly.

Flying numbers and quick calculations

Flying numbers and quick calculations

The instant loan in 24 hours is something like the sports car among the loans. With the same driving safety or security of the credit calculation, it is available more quickly. This is possible because most loan amounts are largely automated in calculating the credit limit, interest rates and rates. The employee in the branch or in the credits shop enters the application and sends it for the automated creation of the offer. In most cases, the customer gets a green light for the loan payment.

The credit contract then only has to be signed and an ID card shown in the PostIdent procedure at a post office. If you have already had a loan from the same bank or financing partner, the loan will be available even faster. The instant credit in 24 hours has therefore long been a reality in the banking industry.

What consumer loans does Money Generation want?

Money Generation includes those born between 1980 and 1995. These digital natives are known for questioning the traditional and turning the world of work upside down. The target group is also forcing banks and savings banks to rethink the issue of consumer loans.

Simple, individual, without classic credit card debts – the digital natives pose new challenges in the area of ​​consumer loans

In a trend study carried out jointly by the Starkssen Innovation Hub and the trend office in 2019, we found that Money Generation is very open to digital products and services in the banking sector, but not unconditionally. A concrete added value must be evident, and there must also be confidence in the security of the offer and the provider.


Loans must offer security, trust and simplicity

Loans must offer security, trust and simplicity

When it came to security, we found that threats such as hacking and phishing attacks are also well known among young generations. The security of digital financial offers is correspondingly essential. A bank branch nearby increases the sense of security – also within Money Generation. In an environment of eroding trust in the security of established banks, the following also applies: Consumers are becoming increasingly attractive to online banks and fintechs.

Banks and savings banks should not rely solely on the advantage of trust. Digital channels are becoming more and more important, Money Generation expects quick responses on all channels and is ready to take personal advice digitally. Consultants are supported by artificial intelligence and communicate independently of the channel. Fintechs in particular are building closeness to consumers by initially concentrating on niche markets in the credit business and using alternative and more transparent data models for credit scoring. However, our study also showed that a personal contact is still important to the respondents, even if they are used less at the same time.

Simplicity is the third important factor in the success of loan offerings among young generations. A modular structure of products, ideally with the possibility of an individual configuration, ensures simplification, at the same time this supports the trend towards individualization.


Money Generation demands radical agility and time savings

Money Generation demands radical agility and time savings

So what will suitable consumer loans look like tomorrow? A distinction should be made between two areas: the “stand-alone” installment loan and the sale of credit products at the point of sale (PoS). With stand-alone loans, comparison portals are becoming increasingly important – if you want to play a role as a bank or savings bank, you have to expect high customer acquisition costs. Appropriate, optimized processes are required to make money at all. The second major pillar in the sale of credit products is integration in the point of sale. In the meantime, this primarily means online PoS – for example, the purchase in installments when ordering from an online electronics retailer.

In the course of the digitalization of banking transactions, loans made directly online are becoming increasingly important. The time until the loan is paid out is crucial for the users. Fintechs therefore create products in which the partially automated approval takes place within minutes. In addition, credit services are becoming more closely interlinked with e-commerce and payment, and consumers no longer perceive the loan as a loan. Amazon’s monthly payment offer is nothing more than a hidden microcredit. Fintech offers, such as spontaneous financing when paying at the checkout through Best Bank or the cooperation of Astro Finance and Agree Bank, also follow this path. 

Focus on customer needs – Money Generation mostly focuses on product idea development in the Starkssen Innovation Hub


This is how Money Generation’s credit needs are met

This is how Money Generation

Money Generation wants to consume, but is afraid of classic debts. The digital path to credit and accompanying services are becoming increasingly important for consumers compared to credit products. Here, banks and savings banks have to invest more to meet expectations, but they can also connect the online and offline worlds with services. The openness towards partners leads to innovations and better products. At Starkssen Innovation Hub, the focus when developing product ideas is clearly on customer needs.

A good example is our MOVE tester platform, which has been available to interested savings banks since the beginning of the year. Products and services can be quickly tested and developed together with users here. Of course, this also applies to the area of ​​consumer loans. Our trend study has shown that built trust is an excellent basis for banks and savings banks, but not a guarantee for satisfied customers. For this, products have to be developed and tested together with customers right from the start.

Getting a Loan – Tips and Tricks

Whether buying a house, traveling around the world or planning a wedding – there are many reasons to take out a loan. However, the application and its approval is not always as easy as it appears at first glance. With a few tips and tricks, everyone can still get the desired loan amount and realize all of their dreams.


The dreaded Credit Bureau information

apply loans

For many borrowers, Credit Bureau Holding AG is an absolute “fear opponent”. A negative Credit Bureau entry and the desired loan amount is no longer available. But in general, most Credit Bureau entries are positive in nature. Because even positive things, such as fully paid loans, are saved as a Credit Bureau entry. And these then have a positive effect on the loan request. Most banks actually grant loans less if Credit Bureau information is negative. In these cases, they no longer consider customers’ creditworthiness to be a given and classify the risk of insolvency as too high.

For customers who do not receive a credit from the house bank due to a negative Credit Bureau information, there is the option of a loan without Credit Bureau information. A so-called “Swiss loan” makes sense if the customer urgently needs money but the bank does not approve the loan due to the negative entry. Of course, these providers, who are usually based in Switzerland, do not blindly grant the loans. Here too there are certain criteria for lending. These include:

  • Age of the applicant
  • residence
  • Regulated income to be able to repay the installments

Attention: With this type of lending, consumers are required to pay close attention to the seriousness of the provider! Financial service providers who charge fees in advance should be avoided, for example.

A popular goal that can be achieved with a loan: the dream of owning your own home. Construction loans are one of the most common bank loans.


Have accurate information ready

Have accurate information ready

Regardless of where a loan is ultimately applied for, the applicant should have some important information ready. Banks in particular continue to expect a personal interview in which the applicant should explain what he needs the loan for. In recent years, more and more people have bought or even bought condominiums or homes. This was particularly worthwhile due to low interest rates. In the meantime, mortgage lending rates are rising again, which means that loan requests are once again devoted to other areas. But here, too, it is helpful to provide clear information about what the money is used for. To apply for a loan, the applicant must be able to answer the following questions:

  1. How much should the loan amount be?
  2. How long should the term be?
  3. What is the sum needed for?
  4. What guarantees are there to be able to repay the money in the agreed time?

It is immaterial whether the applicant applies for the loan privately or for his company. In most cases, only the conditions differ.


Compare lenders

get loans

Whether online or stationary: It is worth comparing different providers. From time to time, banks offer offers where borrowers can benefit from particularly low interest rates. There are also many different offers online that are profitable. It is of course just as important to pay attention to seriousness here. Some banks expect the borrower to have an account with the credit institution. This is not a problem either, because banks have had to help their customers switch accounts since 2016. In this way, standing orders switch banks in a few simple steps and customers can take advantage of the new bank’s loan offer.

Suddenly the pockets are empty. People who are over indebted suffer a lot. Personal bankruptcy is only one consequence. Overindebtedness should therefore always be avoided!


Caution should be exercised with loans

Basically, borrowers are cautioned. It is all too easy for them to lose track of their finances and get into debt. Then a loan is replaced with a new one and, thanks to various options without Credit Bureau information, a new loan is taken out. In the end, the consumer no longer knows how much money he actually pays back to which bank every month and can no longer raise the sometimes horrendous sums. One possible consequence is personal bankruptcy. 

In any case, consumers should carefully consider whether a loan is necessary to achieve the goals set or whether there are other ways to implement the wishes