The instant-approved loan with no credit rating often appears in the advertisements of online credit brokers. This article wants to explain how great the chance of such a loan is, who receives it and what needs to be considered.
Credit with an instant confirmation without creditworthiness is almost never granted by German institutions.
The reasons for this are understandable, the domestic credit system is based on the good creditworthiness of the borrowers. Before issuing loans, the institutions check the applicant’s creditworthiness, thereby assessing the ability of the borrower to properly repay the borrowed money and interest. Therefore, the Credit bureau query belongs to every loan application, with it stands and falls the prospect of every loan. For the lenders, good creditworthiness is expressed above all in perfect Credit bureau information. An increasing number of borrowers have gambled these, often due to minor details and negligence, and they have insufficient credit ratings due to negative Credit bureau entries.
In the protection association for general credit protection, even small forgetfulnesses, such as a sweaty bill, are assigned negative entries. The mishap may have been settled and forgotten long ago, the associated Credit bureau entry will continue to exist for many years and reduce the prospect of credit approval. The only thing left for fast loans is neighboring countries, where the Credit bureau institution has no chance of reducing the chances.
Credit with immediate approval without creditworthiness is granted in Switzerland
In these countries, negative Credit bureau information has no effect on the loan approval. There, however, emphasis is placed on permanent work by the applicant and sufficient income. The instant loan without credit rating from these countries has a number of requirements and offers several advantages:
1.) If the borrower meets the criteria, processing is easy, fast and discreet.
2.) The loan from abroad does not result in another Credit bureau entry.
3.) Not even your own bank receives a message about the new loan.
The loan with immediate approval without creditworthiness is tied to these requirements:
1.) Loans are only given to employees, white-collar workers and civil servants.
2.) The lending is based on at least twelve months of permanent employment with the current employer.
3.) The net income must be at least 1130 USD and must not be encumbered by garnishments.
4.) The applicant should be at least 18 years old and be of German nationality.