Anyone who is on the black list of Schufa has a hard time getting credit in the established banking system. It’s a vicious circle: negative features stored on the Schufa lead to the rejection of a loan application, and every denied loan signifies a new negative entry. In addition to the Schufa information, insecure or inadequate income and assets can be the reason for refusing fresh money. But there are serious alternatives, about which www.sos-kredit.com informs:
The fairy tale of credit
The popular comparison platforms on the Internet only work with good credit ratings. Behind it are credit intermediaries who get their commission from the lender, that is from the bank. As soon as the business’s earnings outlook becomes dubious – and this is the case with low credit ratings – they are no longer interested or at least unwilling to pay for the brokerage. One option for the prospect is to hire a broker yourself, and then pay the commission or fee. Reputable agents are relatively easy to identify.
They provide a loan without any pre-charge and are paid success-oriented, ie only if a loan contract actually comes about. Therefore, they make no untenable promises such as the credit without Schufa from Switzerland. Of course, there are such foreign loans, but instead of Schufa another credit agency takes over the credit check. In Switzerland, for example, it is the Central Office for Credit Information (ZEK). And if the ZEK does not know anything about a German claimant, the Bank’s requirements for a solid income from work will be all the more stringent.
Loans outside the German banking system
Loans with sums of a few hundred euros and durations of thirty or sixty days – for example, to bridge bottlenecks to the next or the next salary payment – can actually buy cheap abroad, if you pay attention and renounced overpriced additional options. For larger sums of the private loan is an increasingly used alternative. Internet lending brings together loan seekers and private lenders. At best, banks are involved for legal reasons and for the technical handling of the transaction. The interested party presents his project, ie the reason for the loan request. Investors usually invest small sums of money to spread their risk over many loans.
Therefore, it is uncertain whether a complete drawing of the loan request is made at all – only then a loan agreement is closed. In any case, lenders expect a return that is commensurate with the risk. Cheap so called peer-to-peer loans are not, and they are not a social institution. Although the platforms in their advertising suggest a business among friends at eye level, but the interest rates are market high and thus often in the double-digit percentage range. And in the case of defaults, personal loans also stop friendship and foreclosure.