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How many credits can you have? Two, three or more?

How many loans do you get? From the banks’ perspective, the answer is simple. As many credits as there are credit ratings. Banks want to sell loans as much as possible.

If the freely disposable income determined according to the guidelines of the bank is still sufficient for a new loan despite payment in installments for the existing loans and if the credit score is in order, banks have in principle no problems with lending.

But from your point of view as a borrower, what is it like when there are two, three or even more loans at the same time?

Is it really advisable to have many loans next to each other? If not, how can you prevent multiple loans from being serviced at the same time?

Multiple loans side by side: practical examples

If you have read our introduction, you already suspect that we do not consider many loans to be particularly recommended at the same time. But in some cases, another solution is not possible at all or is very impractical. And then there are exceptions.

Imagine you want to build a house and of course, you need a real estate loan. A house loan of 250,000 dollars is actually sufficient. But your creditworthiness and your freely disposable income are good for 300,000 dollars.

Before you plan to borrow, you understand that you will be spending more soon. At least they need a new kitchen and they urgently need a new car.

Since your own funds are to be used for the new house except for the famous nest egg, only credit financing remains. Isn’t it a good idea to finance both together with the house and to raise 300,000 dollars instead of 250,000 dollars?

Your bank will likely go along with this, especially when it comes to financing the kitchen. But is a credit increase really cheap from your point of view? It depends on it.

First of all, you benefit from low building interest. They are cheaper than purchase or car loans. But the terms are longer. You carry the additional financing with you over the entire term and thus increase the entire interest burden.

And above all: The interest rate for the real estate loan can increase due to the additional charges because a higher percentage of the mortgage lending value has to be financed with debt.

Including the kitchen and new car in real estate financing can be worthwhile, though the nominal interest rate does not increase due to the higher loan amount and You are able to reduce the additional loan amount by special repayment within a reasonable period of time to the extent necessary for real estate financing.

A prerequisite for special repayments is that they are contractually agreed upon. Free special repayments are now standard for real estate financing.

It will regularly make sense to include the new kitchen or furnishings in real estate financing, while other purchases, such as a car, should be financed through normal installment loans.

In our initial case, you will really have two loans side by side. The real estate loan and separate car financing.

This means that you are in good company with many consumers and it makes sense to separate the two types of financing.

A loan is often taken out for a specific purpose and later during the term of the loan, it turns out that money is needed for another purpose.

Credit increase: what to consider?

A credit increase is a debt rescheduling that is carried out with the lender of the existing residual loan.

In the actual sense, it is always a new loan in the amount of the new amount required plus the remaining amount from the old loan. The remaining loan is paid off and the excess amount goes to the borrower. A new credit check is regularly carried out before a credit increase. In addition, the current interest rates apply.

The annual percentage rate may be higher or lower depending on the customer’s current credit rating and the interest rates the bank offers at the time the loan is increased. Since this is a new loan, not only the amount of the loan can be changed. It is also possible to adjust the runtime.

The term of the top-up loan can be as long as the remaining term of the original loan. The term can also be shorter or longer. Anyone looking for a top-up loan is negotiating a completely new loan. Therefore, he has to prepare well beforehand.

Good preparation, including the compilation of all documents, is particularly important if the negotiating partner is the house bank.

Once the borrower has compiled all the documents relating to his income and liabilities, has a clear idea of ​​his financial options and can specify the terms it takes to pay off the increased credit, he leaves the house bank clerk with the impression of a reputable customer. The bank will then be more willing to grant a top-up loan.

Debt rescheduling

A debt rescheduling loan is used to summarize and redeem one or more loans.

The desire to redeem expensive old loans is often the reason for debt restructuring. In addition, debt rescheduling can also make sense to combine an unnecessarily large number of small loans into a single loan.

It is, therefore, optimal to make one out of many loans and also to save interest. The debt rescheduling can be carried out together with a bank that has issued one of the remaining loans.

It is also possible to take out a debt rescheduling loan from a bank that has not previously participated. This solution is sometimes cheaper because they are new customers. Existing customers who want to implement a refinancing request are sometimes not treated as well by banks.

If you opt for a debt rescheduling loan from a third party bank, you can contact a number of branch banks or look around on the Internet to find a cheaper solution for your refinancing.

1000 Dollar credit without Credit Checker

Taking out loans in the amount of 1,000 dollars is no big deal for banks. With small amounts, credit institutions cannot lose much. Then why turn on the Credit Checker? Borrow 1000 dollars without a Credit Checker, that should be possible without any problems. Unfortunately, things are not that simple.

To put it in advance: Strictly speaking, there is no 1000 dollar loan without a Credit Checker. All German banks are legally obliged to obtain information from a credit agency before issuing a loan.

Loans without Credit Checker are only available in Germany from a single bank in Liechtenstein. And this bank does not offer loans over 1000 dollars.

The lowest loan amount is 3500 dollars

The lowest loan amount is 3500 dollars

In addition, Credit Checker-free loans over 5000 and 7500 dollars are possible. However, loans over these amounts are not what you are looking for. Taking out a loan that is not needed and paying unnecessary interest would also be a mistake.

Especially since in most cases there is absolutely no need for an excessive loan without the involvement of Credit Checker.

Suppose you are looking for a 1000 dollar loan without Credit Checker to overcome a short-term financial shortage. Or you would like to use it to finance a vacation or a small purchase.

You may be looking for a small loan without Credit Checker because you assume that the Credit Checker information will delay the application process. You have a good credit rating and want the loan immediately.

Or you believe that your credit rating leaves something to be desired and are therefore looking for a Credit Checker-free loan of over 1000 dollars.

Rent 1000 dollars quickly with Good Credit

Rent 1000 dollars quickly with Good Credit

In both cases, a Good Credit loan comparison offers you alternatives. The loan comparison portal does not provide Credit Checker-free loans from Liechtenstein. But the credit inquiry at Good Credit is always neutral. If you have a good credit rating, we recommend Good Finance, a fully digitized credit with immediate payment on the same day.

As long as the low interest rate phase continues, this loan is even offered at times with effective negative interest rates (as of August 2018).

If your creditworthiness is weak, you also have a credit chance with Good Credit. The loan calculator works with partner banks that grant loans even if their credit rating is not so good.

For example, you can find the range of auxmoney and KreditPrivat in the loan calculator. These are P2P portals that provide loans from private investors.

Of course, the portals check the creditworthiness of their customers. But especially with relatively small amounts, there are usually investors who also invest in moderate credit ratings. A 1000 dollar loan can be financed in 24 hours or 48 hours.

Using the loan calculator is very easy

Using the loan calculator is very easy

First select the desired amount. In your case it is 1000 dollars. Then decide on a suitable term. You can control the amount of the total interest and the monthly rate over the term. Click on “continue” and fill in the online form for the credit request.

Information about your personal circumstances (age, place of residence, civil status, employment relationship) and your income situation are required.

After submitting the form, you will receive a preliminary loan decision in a few moments.

Only one credit request is required. Good Credit will then automatically select the best loan offer for you.

Almost all partner banks of the comparison calculator meanwhile offer at least video ident and documents upload.

If you have a computer (smartphone, laptop, tablet) and accept the offer to accelerate the processing of the credit request, the money will be in your account in a few days.

5000 USD credit without Credit bureau online: solid interest conditions.

You need a loan for an urgent purchase. Or you just want to make a wish come true, but you don’t have the money to do it. Loan amounts of 5000 USD are often ideal for this.

Actually, a normal installment loan would not be a problem for them. You earn enough money to be able to afford a 5000 USD loan.

But there is a small problem: Credit bureau has saved a negative entry about you. Because of this or for other reasons, your bank score is bad.

Perhaps you are looking for a loan of up to 5000 USD without Credit bureau for completely different reasons.

You are planning a larger borrowing, for example to buy a house. A small advance loan in the Credit bureau file would be more of a hindrance and would not look so good in the credit rating.

Credit bureau-free 5000 USD credit: where to apply?

Credit bureau-free 5000 USD credit: where to apply?

That is why the loan conditions are the same everywhere. The conditions under which a loan is granted without Credit bureau are always the same.

You can fill out an online form and apply for the Credit bureau-free loan directly from Cream Bank.

This way is recommended if you have already decided on a loan without Credit bureau and no other loan solution is suitable for you.

If you have not yet been determined and would like advice on alternatives to a Credit bureau-free loan, credit intermediaries are the right contacts.

It also makes sense to use a credit broker if you want to avoid mistakes in completing the somewhat complicated loan application from the Agree Bank from the outset.

The bank checks each loan application manually. Even the smallest misunderstanding can lead to loan refusal and thus delays in lending.

Creditolo is a lesser-known loan broker for loans without Credit bureau. For this purpose, the advice is comprehensive and targeted towards the credit requests of the customers.

If you have informed yourself beforehand about Credit bureau-free loans, you will have come across the name Max Credit. The loan broker aggressively advertises loans without Credit bureau in the media.

5000 USD loan without Credit bureau: how much interest do I have to pay?

5000 USD loan without Credit bureau: how much interest do I have to pay?

The conditions for a Credit bureau-free 5000 USD loan are precisely defined and are fixed from the start. The loan is repaid in 40 equal monthly installments.

The first installment is payable in the month after next after the contract is signed. The total term can therefore be up to 42 months.

The loan can be repaid early. No prepayment penalties will be charged.

A credit increase (follow-up loan) is possible. The prerequisite is that approximately 40% of the original loan has already been repaid.

For a 5,000 USD loan without Credit bureau, the remaining amount may not exceed 2,500 USD.

Award requirements and documents

Award requirements and documents

The 5000 USD loan without Credit bureau is not a loan without a credit check. Solely obtaining information from Credit bureau and other German credit bureaus is no longer necessary.

Instead, relatively strict requirements apply to the required net income and to the proof of the applicant’s income and financial situation:

The current values ​​from the current garnishment table (as of August 2019) are taken into account.

The other requirements for lending have some special features compared to normal installment loans:

The applicant has a checking account with a Agree Bank (no cash payment).

Lending only in the case of regular, permanent employment as an employee or civil servant.

The employment relationship must have been terminated and have existed for 36 months.

No attachments or assignments.

No requested or ongoing bankruptcy proceedings.

No entries in official directories (no affidavit and no arrest warrant).

Full ability to work (no more than ten days of sick leave in the last year).

In the case of a credit increase, the same lending requirements apply, apart from privileges for the minimum period of employment.

To top up a 5,000 USD loan or for a follow-up loan, the minimum period of employment only has to be seven months.

The bank will inform you of the required documents in the application form:

4000 USD or 4500 USD credit without Credit bureau?

4000 USD or 4500 USD credit without Credit bureau?

Loans without Credit bureau are only granted at amounts of 3500 USD, 5000 USD or 7500 USD. Interim amounts are not possible.

So you do not have the option to choose the loan amount freely. You have to choose one of the loans.

The rigid conditions ensure the greatest possible transparency. The downside is that Credit bureau-free loans are completely inflexible.

However, there is a way to make loans a little more flexible without Credit bureau. The free special repayments offer an opportunity to do so.

Here is an excerpt from Cream Bank’s standard USDpean consumer credit information:

Assume that you only need a loan of more than 4,000 USD and not more than 5,000 USD.

In this case, you can take out a 5000 USD loan without Credit bureau and repay the superfluous 1000 USD as quickly as possible.

Of course, this procedure is somewhat complicated and also costs money. As long as your repayment is not credited to the bank, you must pay interest on the total amount of 5000 USD.

5000 USD credit despite negative Credit bureau as an alternative

5000 USD credit despite negative Credit bureau as an alternative

Many credit customers are of the opinion that an online loan without Credit bureau is the only option because their creditworthiness is not sufficient for a regular installment loan.

However, this is often a mistake. With insignificant negative characteristics or with completed negative entries, normal installment loans are feasible if you contact the right lender.

If you want to test whether a conventional installment loan is feasible despite your negative Credit bureau, there are two options:

Among other things, credit intermediaries specialize in granting loans in difficult cases. So contact a loan broker with good contacts to banks who will keep an eye on the credit check.

Our recommendation is again Creditolo because of the good advisory service.

Another option is to apply for a loan using a comparison portal such as Centi Loan. With Centi Loan you can also get your loan offer free of charge and without obligation.

Some credit comparison partners also grant loans to people with below-average credit ratings.

You can easily see which bank that is. Pay attention to the specified framework for the effective annual interest rates.

If maximum interest rates are given in the high single-digit or even double-digit range, you can expect these banks to accept customers with below-average score values.

The bank list in the Centi Loan loan calculator provides further interesting information.

In some cases, the effective maximum interest rates are similarly high or even higher than the effective interest of a 5000 USD loan without Credit bureau.

A normal loan despite a negative Credit bureau does not necessarily have to be cheaper than a Credit bureau-free loan.

Immediately borrow money Cash on hand

Borrow money now Take payment directly? With classic banks, you are at the wrong address because even loyal customers are cold-nosed and their loan application is modestly negative.

But what other options do you have if your Credit Checker score is not the best? An increasingly popular option is a car pawn shop, where you use your vehicle as a pledge and receive a loan.

Lend money instantly Get cash in hand

Lend money instantly Get cash in hand

At Good Credit, you can secure an instant credit in the form of cash for a maximum of 3 months and with that short-term liquidity to overcome your financial bottlenecks.

Which vehicles can I lend to Good Credit?

In order to borrow money from Good Credit immediately and benefit from a quick payment, a vehicle must be used as a deposit. We want to give our customers the greatest possible flexibility when choosing this vehicle and therefore basically offer 6 vehicle types that we accept as a deposit. These are the following motor vehicles:

  • cars
  • motorcycles
  • Antique car
  • campers
  • truck
  • boats

In our experience, these are also the most common vehicles that we pledge to accommodate in an insured building. Do you have another vehicle, but feel free to ask us!

In which cities is Good Credit active?

In which cities is Good Credit active?

If you would like to borrow money immediately with immediate payment, you will find us in the federal states of Rhineland-Palatinate, Hesse and Bavaria. Here you will find more information about our car pawn shop in Frankfurt or the car pawn shop in Munich.

Of course we are also there for you in the immediate vicinity of these cities. If you come from another region in Germany, just contact us. We will then see whether we can set up a pawnshop. The chances from neighboring states like Baden-Württemberg are of course better.

Do I have to submit a bureaucratic loan application?

In order to be able to borrow money from Good Credit immediately, including a fixed payment in cash, you do not have to make a laborious application along the lines of your house bank. We are committed to providing you with an unbureaucratic deposit loan that you can hold in your hand as soon as possible in the form of cash.

First give us important information such as the vehicle model, mileage or extras by phone or fax so that we can calculate the deposit value of your vehicle. This then also represents the basis on which we determine the amount of your instant loan. You can of course reject our proposal without any problems. If you agree, the next step is the car pawnshop.

Can I really borrow money right away and get the payout?

Can I really borrow money right away and get the payout?

After you have accepted our mortgage, we will arrange an appointment with you. It is used to hand over your vehicle and to pay off your instant loan and can be arranged on the same day. It goes without saying that you bring the vehicle with you to this date. However, some documents are also part of the handover and are mandatory for a successful completion of the car pawn shop. We need the following documents:

  • Abmeldebescheinigung
  • Vehicle registration
  • Motor vehicle certificate
  • repair evidence
  • Checkbook

as well as documents that prove changes made to the vehicle afterwards. Present your ID card or passport and receive your mortgage loan in cash.

What terms can I choose from for the pledge loan?

bank

Similar to the loanable vehicles, you can count on the greatest possible flexibility in terms of runtime. The starting point is our regular term, which is 3 months. For this duration, you can get an instant loan from Good Credit. If you would like to extend this regular term, you can do so by paying the open costs.

Then another 3 months are conceivable. And the opposite is also realistic: You can pick up your vehicle the next day by calling us and requesting your car to be released early. Finally, a final sale is even possible. Just ask!

Lend money immediately Payment: Is it a loan without a credit check?

A mortgage loan from Good Credit is always free of Credit Checker. This means that your score there or your data at another credit agency are irrelevant to your credit with us. The amount of your income, unpaid mobile phone bills or other factors: All of this is unimportant, since only the vehicle deposit defines the amount of your instant loan. A loan from us is therefore always a loan without a credit check, with the usual costs

  • loan fees
  • lending rates
  • demurrage

connected is. We look forward to your inquiry and the chance to make the payment directly with you to borrow money immediately and to provide you with short-term liquidity with a pledge without a Credit Checker!

Borrow money without a credit: still get cash

Would you like to borrow money without having to use credit or other bank loans? Then a reputable car pawnshop like Good Credit is the ideal alternative to a classic loan like the one you get from your house bank or other credit institution. There are many reasons why consumers want to borrow money without having to make an application.

Above all, more and more people are now struggling with debts that cause poor creditworthiness and make the traditional way across the bank an almost impossible undertaking. At Good Credit, you can avoid such problems by securing a cheap instant loan without a Credit Checker for 3 months through a car pawnshop.

Borrowing money without a credit: how does it work?

Borrowing money without a credit: how does it work?

If you want to borrow money from Good Credit without having to apply for a classic loan, please provide us with vehicle data such as the model, mileage or extras to determine the vehicle deposit value. We calculate the amount of your deposit loan and agree on an appointment with you after your yes.

We are active in many areas of Germany, for example with our car pawn shop in Munich or the car pawn shop in Frankfurt. If you wish, the appointment can take place on the same day.

We need some documents in addition to the vehicle and the key. If everything is complete, you and we sign the mortgage loan agreement and you will receive your money in cash as an instant loan. We call our product credit, but it is not comparable to a classic bank loan.

Which vehicles can I pledge to borrow money without a loan?

Which vehicles can I pledge to borrow money without a loan?

Borrowing money without a credit – that works for us with many vehicles. With us, you can cash different kinds of vehicles and like to combine several vehicles. At Good Credit you loan the following vehicles:

  • car
  • motorcycles
  • truck
  • campers
  • Antique car
  • boats

If you are interested in pledging another vehicle type, feel free to contact us. There is a good chance that we will find a solution for you and that you can refine your vehicle with a cheap instant loan.

How long can I borrow money without a loan?

How long can I borrow money without a loan?

If you borrow money from Good Credit without a loan, you do so as normal for 3 months. However, something can be changed during this period – in both directions. So it may be that you unexpectedly expect a shower of money and can, therefore, pay off your mortgage loan with us in one fell swoop.

In such a case, just call us and pick up your vehicle the next day. In addition to an early release of your vehicle, an extension of the pawnshop is possible. By paying all the costs incurred, you are in a position to receive an instant loan from Good Credit for a maximum of 3 additional months. If you want to finally sell your car, boat or motorcycle, we will make you a fair offer.

Borrowing money without a credit: is that possible without a Credit Checker?

Borrowing money without credit has one advantage in particular: Credit Checker is completely left out. We also guarantee that we will never work with this credit agency from Wiesbaden. Other credit agencies are also not among our cooperation partners. The amount of your mortgage loan is not decided based on your credit rating or your income.

Only the deposit value of your vehicle is decisive. So don’t worry if you have a negative Credit Checker entry and you don’t get a loan from your bank based on your score. With Good Credit, you can secure an instant loan without a Credit Checker and remain independent of your past.

What documents do I need to borrow money without a loan?

What documents do I need to borrow money without a loan?

In order to borrow money without having to take out a loan from the house bank, we need some documents from you. These are, for example, the following documents:

  • registration document
  • vehicle registration
  • deregistration certificates
  • Proof of subsequently installed extras
  • Evidence of repairs

If no extras were installed, this is of course not necessary – also with a view to repairs. You must also identify yourself when you hand over the vehicle. Your ID card or passport is sufficient. Of course, we will prepare a handover protocol in which all the documents you submit to us are recorded.

How much will it cost to borrow money without a loan?

Borrowing money without a loan is associated with certain costs, but at Good Credit, there is one guarantee: fair and transparent. They are made up of 3 components:

  • lending rates
  • loan fees
  • demurrage

The amount of these individual points depends on the amount of your pledge and is always within the legal requirements. You can be sure that we bill all items exactly: the stand fee every day, the other two pillars monthly to the day. Get short-term liquidity by pledging your car at Good Credit and get an instant credit without a Credit Checker for 3 months on-hand!

What does credit rating mean in the context of lending?

If you want to make a loan request, you have to prepare a number of documents beforehand. The banks want information on their financial situation, regular income, and type of employment.

This requires wage slips, pension notices, for self-employed annual accounts as well as business calculations and the account statements of a few months. Of course, information about personal circumstances, marital status, and place of residence must be provided.

In addition, the loan applicant agrees to the collection of information from credit bureaus. Of course, all this information and documents are not only used to identify the borrower as a contractual partner.

They are required to assess the creditworthiness, i.e. H. to be able to assess the creditworthiness in relation to the specific loan request.

What does creditworthiness mean?

What does creditworthiness mean?

Two questions are to be answered with creditworthiness or creditworthiness. Is the borrower objectively able to repay the loan of the desired size in accordance with the contract, taking into account his income and assets, but also his personal circumstances?

In this context, one speaks of objective or economic creditworthiness. The second question is, is the borrower reliable and willing to pay so that banks can be certain that the loan will be repaid?

Willingness to pay is referred to as personal creditworthiness or subjective creditworthiness.

The willingness to pay is determined by the use of credit bureaus. Banks almost always endeavor to do this, but other credit agencies can also be considered.

Most of them are used in addition. So creditworthiness and Credit Checker are by no means the same. The content of the Credit Checker information is only one component of the credit check.

Why is the credit rating checked?

Why is the credit rating checked?

Credit bureaus like Credit Checker are happy to point out that they collect data from consumers in order to protect them from over-indebtedness. The protection concept is a reason for every credit check. But it is by no means in the foreground.

The bank’s interest in protecting itself from loan defaults is essential. Without a credit check, credit banks would be exposed to an incalculable risk of loss.

In the worst case, bankruptcies could result. But banks would always have to set the interest rate high enough to offset unforeseen losses. The consequence for solvent consumers would be disproportionately high lending rates.

Credit checks when granting credit are therefore a prerequisite for a functioning credit market that is spared unnecessary risks.

That is why the legislature has made it mandatory to check personal and economic creditworthiness before each loan.

For Germany, this obligation arises, among other things, from Section 18 KWG. This regulation is supplemented by European guidelines.

According to the laws and guidelines, commercial lenders are obliged to collect the necessary data to determine both moments of creditworthiness and to classify each borrower into a rating system taking this data into account. How the credit banks make this classification and how they weight the individual creditworthiness criteria, however, is essentially up to them. The credit banks are given a relatively large degree of discretion.

Subjective credit rating: Credit Checker

The first step that banks take when checking their creditworthiness is to regularly request information from credit reporting agencies. The most popular is of course the Credit Checker.

Credit Checker provides information on two evaluation criteria, the credit score and whether there are any negative characteristics.

Credit Checker keeps a file for almost all consumers. The file contains neutral, positive and negative characteristics based on generally accessible information and information that Credit Checker receives from its contractual partners.

Here is a summary of the most important features:

Basic data and positive data

These data in themselves have no negative impact on creditworthiness. The emphasis is on “seen in isolation”.

In a certain combination, they can have a negative impact on the willingness to lend.

  • Personal data (name, address, place of birth)
  • Current accounts (applications for opening, opening an account, overdraft facilities and other framework loans, garnishment protection account).
  • Accounts in retail and mail order.
  • Credit inquiries (conditions inquiries).
  • Credit applications, applications for real estate loans, and also revolving credit cards.
  • Borrowed and real estate loans, all types of credit cards issued.
  • Inquiries, applications and taking out loans in connection with commercial and freelance work.
  • Guarantees.
  • Leasing and hire purchase including inquiries.
  • Mobile phone contracts with term.

Of course, these characteristics are only positive as long as all obligations are fulfilled within the scope of the contract.

In addition, too many contracts in one category can have a negative impact. Example: multiple credit cards, multiple checking accounts, some of which remain unused, a large number of credit requests.

negative characteristics

Improper fulfillment of commitments leads to negative Credit Checker entries. In detail:

  • Misuse of accounts and credit cards.
  • Canceled card accounts or current accounts in processing.
  • Termination of consumer loans because the borrower is late with at least two installments.
  • Broken checks due to insufficient funds.
  • Initiated collection and dunning procedures, dunning notices.
  • Claims that cannot be realized.
  • Undisputed claims that have been reminded but have not (yet) been paid.
  • Enforcement of legally established claims, enforcement measures.
  • Applied or opened consumer bankruptcy proceedings.
  • Affidavit and warrant.
  • Applied or opened consumer bankruptcy proceedings.

A distinction is made between soft negative features and hard negative Credit Checker entries. Hard negative characteristics preclude all lending.

Credit despite private credit checker entry online without prepayment

 

Request your free and non-binding loan offer

Request your free and non-binding loan offer

Details according to banker credit: Debit interest rate of 1.93% fixed for the entire term, USD 3,000.00 net loan amount, 1.95% effective annual interest rate, 24 months term, no processing fee, monthly loan installment USD 138.21, total amount USD 3,317.04. Creditworthiness required.

Representative example: With a net loan amount of, for example, USD 5,000 and a term of 72 months, two-thirds of good credit lenders’s customers are likely to receive an effective annual interest rate of 8.45% or cheaper (fixed borrowing rate 7.91%).

Are you looking for a loan on reasonable terms, but grappling with creditworthiness problems?

Perhaps you have already received a negative letter of credit due to a negative private credit checker or weak private credit checker score?

A bad private credit checker does not have to mean the end of your credit wish. Now take the chance of a cheap loan despite private credit checker entry or poor credit rating.

The credit request is guaranteed to be free of charge and non-binding. There are no upfront costs!

Lending process

Lending process

Lending brokered by good credit lenders is carried out in five steps. A contract is only concluded with your signature and countersignature by the bank.

So you are in control of the process and it is up to you whether you really want to close the loan offer.

Step 1: Credit request:

First fill out the credit request and submit the online form. The credit request is neutral. It does not affect your score.

When completing the form, make sure that it is complete and correct. This increases the likelihood of being granted and the loan is paid out more quickly.

If you have additional income, please state this as well.

Step 2: Examination and Advice:

Your loan request will be checked manually by an employee immediately upon receipt. If there is anything unclear, you will receive a query.

On the basis of the credit check, you will receive a preliminary decision about possible lending.

If the requested loan cannot be realized in the form requested, the employee will advise you on possible alternatives.

good credit lenders now carries out a loan comparison tailored to their needs among the banks in the partner network and arranges for the lender with the cheapest offer.

3. Credit agreement and final check:

If the preliminary decision is positive, the credit contract will be sent to you on the same day. Now take the time to rethink everything and check the conditions offered carefully.

If you agree, send the signed contract documents back. good credit lenders finally checks once again that the documents are complete and that the contract has been properly completed.

Young woman on laptop applies for a loan online despite private credit checker

If the test is positive, the credit intermediary submits the contract to the lending bank.

4. Support to the bank:

In individual cases, problems can still arise after the contract documents have been submitted to the lender.

In such cases, the credit intermediary will assist you in negotiating with the bank.

5. Loan payment:

As soon as the bank has signed the loan agreement, payment of the loan is initiated.

Either the agreed amount will be transferred to the account you have specified or, if desired, paid out in cash in a branch of a partner bank.

The entire award process usually takes 5 to 7 working days. However, there may be delays in individual cases. This applies especially to applications from credit customers with serious creditworthiness problems.

Despite private credit checker credit: the special requirements

Despite private credit checker credit: the special requirements

Applicants must be of legal age, reside in Germany and have a current account with a domestic bank.

In addition, the income and financial situation must be right. The bank must be able to assume that its customer has sufficient attachable income to be able to repay the loan.

Banks use their own guidelines, which vary widely from bank to bank, to draw up a type of flat-rate budget statement. This is to determine whether a customer can afford the loan.

Credit customers must have successfully passed this “performance test” before a loan can be granted.

These are roughly outlined the general award requirements that each applicant must meet.

For the granting of a bad private credit checker loan, this means: If the creditworthiness problems are due to insufficient income, financing is excluded from the outset despite private credit checker.

Tip: If a loan is declined, ask exactly why. Was it due to a lack of income, excessive liabilities, return debits, negative entries or score values? Never let yourself be fobbed off with general designs!

In some cases, the obstacles to lending can be removed before a new application is made.

Example: The bank has identified return debits on the last three bank statements. After a waiting period of a few months, they no longer appear in the last three statements provided to the bank.

If the creditworthiness problems lie in low credit scores or if they are caused directly by negative entries in the files of credit reporting agencies, it is possible under certain conditions to obtain a normal loan despite private credit checker:

  • If sufficient income is available, the bank also accepts low scores (for example lower than credit rating level H).
  • The negative private credit checker entries are done.
  • Existing relatively insignificant negative features can be explained.
  • There are no hard negative features such as ongoing foreclosures, affidavits, arrest warrants or bankruptcy.

In certain cases, negative private credit checker entries can be cured by timely action.

Undisputed small debts of up to 1,000 USD must be removed from the file, provided that the liability has been paid no later than one month after the private credit checker entry.

Entries to the affidavit can be deleted prematurely. Confirmation from the creditor is required that there are no more outstanding liabilities.

This letter is submitted to the district court and asked to be deleted from the debtor register. At the same time you inform the private credit checker. private credit checker receives a corresponding notification from the district court.

Tip: Obtain self-assessment from private credit checker to prepare a loan application. In this way, inaccuracies in the file can be eliminated in good time. If necessary, it is possible to improve score values ​​by taking suitable measures.

Additional collateral – better credit opportunities

Additional collateral - better credit opportunities

Financing despite a private credit checker entry is made easier if the applicant has a secure, regular or particularly high income.

A civil servant or civil servant has an advantage over a young worker who has only recently taken up a permanent position.

Freelancers and traders, on the other hand, always find it difficult to obtain a loan if there are negative characteristics.

For employees with good income who have been in permanent employment with the same employer for a few years, the bank will tend to ignore small negative features in the private credit checker file.

The provision of collateral beyond a silent assignment of wages can increase willingness to lend despite private credit checker.

Transfer by way of security or pledging of motor vehicles, securities holdings or life insurance contracts are possible.

Real estate also makes lending easier, especially if the loan can be secured by a prime mortgage despite a negative private credit checker entry.

It is often recommended to sign the contract or to provide a guarantor. Many banks, especially many direct banks, expect a second co-signer for normal loans if a certain loan amount is exceeded, for example, 10,000 USD.

In individual cases, a second signature may persuade certain banks to grant loans for smaller amounts despite a negative private credit checker entry or poor creditworthiness.

From the bank’s point of view, the co-signer is the actual borrower, whose creditworthiness is solely based on.

The main signatory, who has a poor credit rating, is sometimes perceived as “ballast”, which, when viewed together, tends to burden the creditworthiness of both signatories.

The result: the bank demands higher interest rates.

The question is therefore whether the co-signer does not conclude the contract alone and whether the person charged with negative private credit checker entries does not appear to the bank at all.

Internally, the question of who will ultimately settle the loan can be contractually regulated.

Credit despite private credit checker or without private credit checker: the differences

Credit despite private credit checker or without private credit checker: the differences

Credit despite private credit checker stands for lending to people with creditworthiness problems, who therefore ask a loan from many banks for free.

These are normal installment loans. Before credit is granted, information is obtained from credit reporting agencies and evaluated. The applicant gives his consent in the application form. After granting a loan, a corresponding entry is made in the files of the credit bureaus.

Most of them will be loans with interest rates that depend on creditworthiness. People with creditworthiness problems will hardly be able to benefit from loans with standard interest rates. Because such loans require a certain minimum credit rating.

People with creditworthiness problems will never be able to benefit from the best possible interest rates. Banks are paying for the higher credit default risk.

Loans without private credit checker, on the other hand, are issued without private credit checker or any other credit reporting agency being involved. The credit check is carried out solely on the basis of income and assets.

German credit institutions are legally obliged to obtain information about their credit customers and to obtain information about the score values. For this reason, private credit checkerfree loans are only granted by foreign banks, but are brokered by German credit intermediaries.

Loans without private credit checker are often referred to as Swiss loans because in the past such loans were mainly granted by banks from Switzerland. It’s different today. Most “Swiss loans” come from bank.

The conditions for loans without private credit checker are fixed from the start. These are small loans with specific terms. Interest rates are not low. They roughly correspond to the average interest on overdrafts.

 

Credit without a credit check: easy with a car deposit

The subject of credit without a credit check is increasingly in demand with us. Too often, the Credit Checker score is too bad for consumers, which is why both the house bank and direct banks from the Internet negatively modulate a loan request. If they do not do this, the loan usually entails horrendous borrowing costs.

A credit without Credit Checker, in which the applicant’s creditworthiness is not checked, also exists in traditional credit management. However, here too the costs are enormous and the reliability of the offer is not guaranteed.

Consumers, on the other hand, get a serious credit without a credit check in our trustworthy car pawn shop in Munich, the car pawn shop in Frankfurt and other locations. This loan without a Credit Checker has a term of 3 months and is paid out in cash as an instant loan.

What do I have to do to get a loan without a credit check?

What do I have to do to get a loan without a credit check?

A loan without credit checks you get very easily at Good Finance. Start by sending us all the important features of your vehicle by phone or fax. It should be the following data:

  • vehicle type
  • vehicle model
  • mileage
  • Year
  • vehicle condition

as well as extras if necessary. We are now working with this information by calculating the vehicle deposit value using a proven system. This serves as the basis for determining the amount of your pledge. We will inform you of this and you can decide whether you want to accept our loan offer or not . Very easily.

Do I get my credit immediately without a credit check?

Do I get my credit immediately without a credit check?

After you have accepted our offer, we will arrange an appointment with you to hand over the vehicle . If you wish and our schedule allows it, we are very happy to meet on the same day. Of course, you will have the vehicle that you have released for pledging, including the key , but various documents will also be transferred to us for the time of the vehicle pawnshop. We need the following documents , among others:

  • Abmeldebescheinigung
  • Vehicle registration
  • Motor vehicle certificate
  • repair records
  • Vehicle Maintenance Guide

as well as documents with which you can document measures that have changed the value of the vehicle. You will receive your credit without a credit check in cash as an immediate loan after you have identified yourself with an identity document and both contracting parties have signed the mortgage loan agreement.

Which vehicles can I pledge for a loan without a credit check?

Which vehicles can I pledge for a loan without a credit check?

You can get a credit without a credit check if you use one of the following vehicles as a deposit at Good Finance:

  • automobile
  • motorcycle
  • Antique car
  • truck
  • Camper
  • boat

For other vehicles, we are always ready to talk, but the conclusion always depends on the specific case. You can secure a loan without a credit check in Bavaria, Hesse and Rhineland-Palatinate , whereby we cover the cities of Munich, Rosenheim, Darmstadt, Wiesbaden, Frankfurt am Main and Mainz and their surroundings.

How long does the loan run without a credit check at Good Finance?

If you would like to receive a loan without a credit check at Good Finance, this is generally associated with a regular term of 3 months . Of course, you can change something in both directions, because we want to give you the greatest possible flexibility.

If, for example, you unexpectedly receive a large amount of money and would like to use it to pay your mortgage, you can trigger your vehicle early . However, an extension of another 3 months is also conceivable. We will grant you that once you have paid all the borrowing costs incurred to date. We would also be happy to discuss the details of selling your vehicle with you.

What are the costs associated with the credit without a credit check?

As with any loan, our credit without a credit check is associated with certain costs. This does not have to worry them, after all we are within the legal framework with the loan costs . The cost of a loan without Credit Checker at Good Finance consists of only 3 components:

  • loan fees
  • lending rates
  • Parking fee for the vehicle

The stand fee is due because we will of course store your vehicle in an insured building for the duration of the pawnshop. The amount of the daily parking fee depends on the type of vehicle. We bill the fees and interest monthly.

Is it really a loan without a credit check?

We guarantee that with Good Finance you will receive a real loan without a credit check . We do not use a loophole to find out your creditworthiness through detours. The amount of your deposit loan depends solely on the vehicle deposit value, which we calculate based on the information you have communicated.

At no time do we work with Credit Checker or any other credit agency – either in the past since Good Finance was founded or in the future. Your income situation is not important to us and we are never interested in your motives for the vehicle pawnshop. We take great discretion when you receive a 3-month instant loan from Good Finance without a credit check for short-term liquidity.