Anyone looking for a loan in Germany has to meet several conditions. On the one hand, a regular salary must be proven, which is in the attachment-free range and sufficient to feed the borrower and his possible family.
Furthermore, Credit Bureau must not have saved any negative entries about the person concerned. If this is the case, you can easily apply for a loan from any bank. However, if one of the aspects cannot be met, it will be very difficult to find financial support.
Especially when the Credit Bureau doesn’t fit. Because where you can still improve your salary through a second borrower, this is only possible to a limited extent with a negative Credit Bureau. An immediate loan with bad Credit Bureau is therefore necessary.
Where to find an instant loan in the best of cases with bad Credit Bureau
The offers for an instant loan with bad Credit Bureau roll over on the Internet almost every day. On many pages you can read here that such a loan is not a problem and that it can be applied for in a simple and uncomplicated manner. But is that really the case?
As is well known, you can apply for a lot. It is another matter whether you receive the application. And so it looks with this type of loan. Especially when the word “immediately” is included, many consumers think that the credit is paid out in hand. Immediately after applying.
An immediate loan with bad Credit Bureau is a loan that comes from abroad. And if you do not speak to the bank directly, but have the loan processed through an intermediary, then the loan cannot be paid out immediately, but is transferred to a checking account.
Loan with low interest rates
Despite this, these loans are very popular and bring money to people who would not get any other way. When applying, however, you should always make sure that there are no upfront costs and that the interest and any processing fees are not too high.
All interest rates above 20% are considered usury. With Credit Bureau-free loans, you have to expect an interest rate between 10 and 15%. That is more than a conventional installment loan. But the banks have to protect themselves because of the bad Credit Bureau on others and do so through the higher interest rates.