Loan without credit report
Those who don’t want the bank to check their creditworthiness usually have something to hide. Actually, this is not a good start for a loan. Because if you want to hide something from the bank, you seem to have problems. And this, in turn, should not go hand in hand with a loan.
A credit only works if the trust is right if the bank and the customer have found a basis on which they can meet and work together. A bad credit rating is not a good basis. It says that the borrower is not taking his payment obligations as seriously or maybe making too little money to take out a loan at all. So what to do if a loan without credit information is required and the house bank does not want to or cannot approve it.
A look over the fence helps
On the Internet as well as in the relevant newspapers, you can always read about loan offers that should work without a credit check. Often hidden behind it are credit intermediaries who want to earn one or two dollars from the concerns of those concerned. These brokers work on an independent basis and promise their customers everything they want to hear. After all, these have been rejected by the banks and are now so frustrated that they cling to the thinnest straw.
But if you take off your pink glasses and take a close look at the offers of the intermediaries, you know that credit cannot really work without a credit report. As well as. The banks need collateral. And no matter how innovative, modern or creative a bank maybe. She will have no money to give away. And certainly not to consumers who are not creditworthy. Therefore, you should always keep your hands off these offers and prefer to see for yourself how best to solve the problem.
When is the second loan required?
In order for a loan to be possible without a credit report, a second loan applicant is required. However, the latter should not oppose a credit check and agree to it. If the credit rating is good and the income matches the loan amount, a loan is quite possible. And without intermediaries and with a bank that you trust and that you may have known for a long time.