What are the advantages of a loan without creation? A credit without creation is serious? How does one non-creative loan differ from the other? Anyone applying for a loan from a German bank must provide numerous documents and proof of monthly income. Trust can only be built by someone who is serious.

Credit bureau credit – Can I be serious?

Anyone seeking credit from a domestic bank must provide a variety of documents and a monthly income. In addition, a credit bureau information is obtained. The information provided by the Foundation covers both credit transactions with credit institutions and contracts with telecommunications companies or loans from commercial companies. Registered negative features can lead to the default of the requested credit transaction. When applying for a creative-free loan by a credit broker, the details of the credit bureau are not collected.

A credit without creation is a so-called micro-loan with a small payout. The lenders are mainly Swiss banks. Therefore, the loan is often classified as a Swiss loan without the Foundation’s submission. Because Swiss citizens can not claim loans from banks as private persons due to the legal situation, a credit intermediary is active.

The loan agency makes the loan application to the foreign bank and settles the disbursed amount with its commission. In order to be able to approve a loan without creation, a proof of income must be provided, as with domestic credit institutions. Credits without creation are paid either in cash by letter or by bank transfer to the specified account. Under German law, credit brokers can claim commissions, even if there is no concluded business.

The loan without education is suitable for short-term passive bridging.

It is usually required by credit-seeking persons in accordance with the negative characteristics noted in the credit bureau information and is not accepted by domestic credit institutions. The credit without creation is backed by the income of the borrower. The loan application must be truthful. Anyone who conceals serious negative features or even a private bankruptcy is prosecutorial.

If the payments can not be made and the credit transaction explodes, any unpublished information can lead to a fraud report. Especially in the banking industry, the misery of people earns money again and again. In hopeless times, some donors promise quick and easy help. In most cases, these offers are not serious.

The credit brokers are involved in the sale of insurance policies to secure the loan and also demand a lot of commission. The non-creative loan is not paid to companies that do not cooperate seriously. Similar to a micro-loan, a loan comparison can help different non-credit deals. The reputable credit brokers have an excellent reputation and have been there for several years.

Lending, with or without credit bureau information, always creates another financial burden. If a loan transaction is concluded, the borrower only has a small loan amount available after deduction of all commissions. Because the Swiss lender also wants to earn money with this loan transaction, the interest rates are often a bit more expensive than with a small loan in Germany.

Similar to a loan through a German-based bank, borrowers should therefore calculate exactly whether a loan without creation is profitable through a loan broker.