More and more people in Germany have problems with Credit Bureau, and sometimes a little carelessness is enough to cause a negative Credit Bureau entry. The consequences of this are so serious that you can suffer from it for several years. Not a nice thought – especially not when you want to take out a loan. Because an instant loan with a negative Credit Bureau entry is only available in very rare cases. And then only on terms that are not always good.
Why a negative Credit Bureau entry makes borrowing so difficult
The Credit Bureau is the last instance that decides on a loan. If only positive entries are noted there, a loan is easily possible. However, a small negative entry is sufficient to make an instant loan with a negative Credit Bureau entry impossible. Even with this small entry, the credit rating slips so much that the big banks no longer want to grant credit. But what to do if you have such an entry?
Use other options
If the negative entry exists, you have to make the best of this situation. So in the first step you should look for alternatives for an instant loan with a negative Credit Bureau entry. It is not uncommon to find what you are looking for at foreign banks that cannot obtain Credit Bureau information and therefore do not have an overview of the data stored there. In addition, it is always possible to take out an instant loan with a negative Credit Bureau entry directly in Germany through a credit intermediary.
However, good income must be demonstrated for both variants. In addition, the employment contract should be unlimited. In addition, a guarantor is often required. The interest rate for such offers is higher than for conventional installment loans. You should therefore calculate exactly whether the loan is still worth it or whether you would rather not postpone it until the negative Credit Bureau entry has been deleted and normal borrowing is possible again.
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.