When creditworthiness is insufficient for borrowing, many consumers start frantically looking for alternatives. Most of the time she does her first search on the Internet, where a large number of websites also make corresponding offers. Loans are promised, which should get along completely without creditworthiness and also without a guarantor. Or also loans that are suitable for unemployed and insolvent people.
How honest are these offers really meant? Can you rely on it or are it just tempting offers that actually have a completely different purpose? What is the experience of different consumers with an online loan without Credit Bureau?
Online credit with no Credit Bureau experience
If you take a look at the relevant websites, you can see that it is actually very easy to take out an online loan without Credit Bureau. But if you then ask consumers about their online credit without Credit Bureau experience, this impression is quickly refuted. You can apply for a loan at any time.
But that doesn’t mean that you can get it. Tests by independent institutes have shown that only around 5% of these applications lead to a loan. The other consumers are turned away. And that’s not enough. Since these loans are usually offered through intermediaries, a commission is due, which must be paid in any case. It doesn’t matter whether a loan is made or not. That means the consumer is even losing money instead of getting something.
Reason for banks to reject your loan
For loan seekers, this means that such offers should always be viewed with some skepticism. There is a good reason for banks to refuse a loan application. This is mostly due to the fact that the risk of non-payment of the debt is very high. Then why should another lender not see this danger and still agree to a loan?
If you are looking for a loan with a clear mind in such a situation, you will sometimes find one. However, it should always be ensured that this is not possible through an intermediary, but that you can contact the lenders yourself. This is the only way to check exactly what is behind the offers and whether they are worthwhile or not.