Consumers who have a negative Credit Bureau will find it difficult to obtain a loan. Many have one or more entries that can cause the bank to reject a loan application. A negative Credit Bureau deteriorates the creditworthiness and the credit default risk is greater than with other people who have no entries.
The solution here is to apply for a Swiss loan without Credit Bureau and without any upfront costs. However, this is not possible in Germany, because German banks work with Credit Bureau on every loan and make no exceptions here. So the applicant has to try his luck abroad.
Applying for a loan abroad – steps
In order to be able to apply for a Swiss loan abroad without Credit Bureau and without upfront costs, various steps must be taken. The first step is to contact a credit broker who is connected to foreign banks. This not only takes over the formalities, but also deals with many different banks. In this way, the customer receives offers from several banks, so that the offers can be very different. As soon as a credit broker is found, various documents must be sent to him.
This includes account statements, pay slips, a confirmation of registration and a copy of the ID card. Since foreign banks do not check Credit Bureau, they minimize the credit default risk by demanding a fixed salary. This must be attachable and may not come from a self-employed activity or from a mini-job. Social benefits, such as unemployment benefit, are not accepted as income, so unemployed people cannot apply for Swiss credit without Credit Bureau and without upfront costs.
Credit requirements cannot be met – what to do?
Even with foreign banks, the customer may not be able to meet the credit requirements. It often fails because of the salary, which is not available in sufficient amounts. If this is the case, the only way is often to get a private loan. This can either be recorded in your own environment or the loan seeker can look it up on the Internet. There are many private individuals here who lend their wealth. Unfortunately, these private loans are subject to high interest rates and it should be carefully considered whether this Swiss loan without Credit Bureau and without upfront costs is really worthwhile.