A loan despite a negative Credit bureau is advertised in many newspapers, magazines and on the Internet. But what is really behind these offers? Are you serious or should you stay away from it? And where else can you find help?
There’s another way
If finance gets into a mess and a major investment is planned despite all of this, a loan must usually help out. But usually that’s easier said than done. Because if the creditworthiness is not correct and if Credit bureau has noted a negative entry, it will be tight with a loan. If there is also the fact that the employment relationship is temporary or even unemployment is current, the chances of getting a loan are even worse.
The house bank will no longer give a surcharge because it lacks collateral such as regular income and thus also the creditworthiness. But above all on the Internet you can always read about offers that, despite everything, promise a loan despite a negative Credit bureau.
Most of these are private lenders who are brought together with the seeker through a credit intermediary. The intermediary checks the requirements of the borrower and will present the evaluation to the potential lenders. If one of them agrees to agree to a loan, the borrower is lucky and can make the investment.
Loan under the given conditions
If no one is found, the search must continue. In this context, however, it should not be forgotten that despite a negative Credit bureau, a loan is always associated with higher costs and fees. It is therefore strongly recommended that you check the need for a loan carefully.
If there is no loan under the given conditions, other ways must be tested. Sometimes a guarantor or another borrower can help out of the misery. While the guarantor can only secure the loan with his name and be used in the event of default, another borrower would take out the desired loan in full and would also be fully liable for it.
A corresponding agreement between the borrower and the actual seeker must then ensure that the installments are paid on a regular basis and that the helper does not end up sitting at the expense. But also here you should think very carefully about who you want to impose this burden on. Because a negative Credit bureau always means that you have not met your payment obligations in the past. If you do not do this in the future, the “stepped in” borrower will have to bear all the costs himself. And that would not be really fair.