An instant loan without Credit Bureau in 24 hours is always in demand when loan seekers need the quick money. The only question is, which bank will issue an instant loan without Credit Bureau in 24 hours? German banks are certainly not, because they automatically obtain Credit Bureau from every loan applicant. It is always foreign banks that grant loans without obtaining the Credit Bureau information from the loan applicants.
These banks only check the creditworthiness of customers via the permanent position and the income of the applicants. However, this also means that Credit Bureau-free credit is only something for consumers who can prove that the bank has a regular income that can be attached. In addition, these loans are also about relatively small sums. The instant loan without Credit Bureau in 24 hours is a small loan of either 3,500 or 5,000 dollars. The loan is therefore only for consumers who need money at very short notice, for example to pay an important bill, to replace the defective television or to replace the overdraft facility.
How to get the instant loan without Credit Bureau in 24 hours
Loans of this type, which are only granted by foreign banks, can usually not be applied for directly from the bank. If you want to use a loan without Credit Bureau, you should contact a credit broker with your request. The intermediary is in contact with banks abroad that also offer Credit Bureau-free loans. The said loan is then always more expensive than a comparable loan from German banks. This can be explained by the fact that the bank can pay the higher risk through correspondingly high interest rates. In addition, in the case of loans without Credit Bureau, there is an agency fee that borrowers have to pay to the credit intermediary. Overall, consumers who take out an instant loan without Credit Bureau in 24 hours pay significantly more. Therefore, these small, Credit Bureau-free small loans are only conditionally recommended. They are useful when, for certain reasons, there are no other consumer options.
What to consider when choosing a credit intermediary
When it comes to an instant loan without Credit Bureau in 24 hours, consumers should inform themselves beforehand about various credit brokerage companies. There are many credit intermediaries on the market. Some of them do not work seriously and thus discredit the industry. This can be seen, among other things, from the fact that intermediaries charge the customer advance costs. This means that a loan seeker already pays money without receiving anything in return. Consumers should stay away from such providers, even if the loans promise in difficult cases. There are many reputable credit brokerage companies such as Bon Kredit or Auxmoney, which can arrange an instant loan without Credit Bureau in 24 hours on request, but only charge a commission if the loan is actually paid out.
The placement rate of reputable credit brokers is high, but is far from 100 percent. Many consumers with negative Credit Bureau request a Credit Bureau-free loan, even though they are not creditworthy. Unemployed people, Hartz 4 recipients, the self-employed, freelancers or students and trainees cannot prove any attachable income from a permanent position. But that is the basic requirement for lending.
Those who cannot meet the requirements for should not make every effort to find a credit broker who can still arrange the loan. There are many such promises on the Internet. The advertisement says “We provide credit even in difficult or hopeless cases”. These are often just empty phrases and empty promises. Credit brokers who advertise in this way usually do not really intend to broker a loan to customers. They want to make money with the hardship and despair of consumers and try to sell insurance or home loan contracts to loan seekers. These are intended to serve as security for the loan. However, there is no credit brokerage.