Anyone who is planning a major purchase or wants to bridge a financial bottleneck often borrows the necessary money from the bank if the current account is insufficient. Consumers who have sufficient income and are permanently employed usually have no problem getting the bank’s financing request approved.
However, the situation is very different for consumers who have had a little debt in their financial past – be it an unpaid invoice or an overdrafted checking account. As soon as a bank or company provides negative information about a consumer to the general credit protection community, better known as private credit checker, most banks turn off the credit tap.
These requirements apply to the loan without private credit checker
When money is tight and reputable banks refuse to lend, many consumers search the Internet for a solution. Via various portals and online comparisons, more or less reputable providers offer these consumers the option to take out a loan without having to ask private credit checker. These loan brokers promise consumers a particularly unbureaucratic lending policy – but what consumers should consider when taking out a private credit checker-free loan is the extremely high interest rates that are due on such loans. On average, loan interest of between 12 and 30 percent is due for the loan without private credit checker – making the loan even more expensive than the notorious overdraft facility.
Consumers often forget in connection
However, what many consumers often forget in connection with the private credit checker-free loan: The granting of a loan without private credit checker is also subject to certain conditions. As a rule, intermediaries for private credit checker-free loans assume that the borrowers are in permanent employment and earn a certain minimum income. Consumers usually have to be able to prove to the mediators an average net income of at least 1,300 USD.
Even when the apparently particularly unbureaucratic loan is granted, the intermediary wants to protect himself against a possible loan default – if the customer cannot repay the loan without private credit checker, part of the consumer’s income can also be seized with this type of loan