A Loan without private credit information and proof of income is a difficult loan request. The negative private credit prevents a loan in this country. Banks view this loan as having an increased credit default and reject it. With this constellation, it is often self-employed who seek the loan without private credit information in income proof.
The reason for the bank’s negative attitude is to be found in the non-constant income of the self-employed.
Loan without private credit information and proof of income – Facts
Loan without private credit information and proof of income – certainly check opportunities
Who has a negative private credit and also can prove no income, is the perfect victim for rogue lenders. There are providers who charge 20% interest.
If a customer is unable to pay the rate only once, they use harsh methods. Therefore, the Loan without private credit information and proof of income, if it is urgent, should be selected with great caution.
It is therefore advisable to look for serious credit agencies that can help in such a difficult credit case. Reputable providers recognize credit seekers, for example, that the loan amount is manageable. In no case should customers fall for it when credit sums of up to 100,000 euros are promised. This loan amount even receives customers with good credit only with deductions.
How do you recognize reputable providers?
As mentioned above, reputable providers only offer small loans for this difficult loan. Offers up to 100,000 euros should not even be considered. Just because the credit rating is poor, only small amounts of credit are offered. The amount of interest also draws attention to a frivolous working provider.
Significantly high interest rates are displayed, but they are not yet in the range of usurious interest rates. If there is a high risk then the lending rates rise. High risk premiums are then not uncommon, and these are hard to escape. Loan seekers are therefore advised to seek a loan with a loan comparison.
Especially with these loans, the interest rate differentials are very noticeable. In addition, it can be determined which provider is actually given such a difficult credit. Other conditions such as special payments and installment breaks should be possible. Those in urgent need of a quick payout should look for lenders who pay off the money quickly. If you do not have a current account, you must search for a provider who offers a cash payment.
Loan without private credit information and proof of income – in an emergency
The Loan without private credit information and proof of income should only be sought if no other option is found. As a just cause for a loan, the purchase of a car or repair such, as otherwise the way to work can not be done. If open invoices have to be paid and a dunning procedure has already been initiated. For such problems, applying for a smaller loan amount might be useful.
But if you want to buy luxury goods with the credit, you should refrain from doing so. If you are in a bad financial situation, you should not accumulate any further liabilities.
But even borrowers who already have some liabilities to pay often look for a loan to pay some debts. But you have to look carefully, because otherwise there will be more debts and no noticeable monthly relief at the end. Then the way to debt counseling would be the better alternative. With heavy debts, a personal bankruptcy might be considered.
Loan without private credit information and proof of income – self-employment
There are, inter alia, self-employed who can provide no proof of income in a loan request. Banks are very covered when a self-employed person asks for a loan. If then the private credit bad, a loan seems hopeless. Self-employed persons have to prove their creditworthiness on the basis of income tax assessments or a profit and loss account. The self-employed can not provide proof of income because their income looks different every month. This gives the bank a plan security and does not forgive a loan.
One possibility would be if the self-employed can submit account statements from which the revenue can be seen. The self-employed should try once at the credit marketplaces of Smava or Auxmoney. There private investors make bids that finance a loan. However, these investors also want to know if and how the loan should be repaid. The negative private credit should not be kept secret, because investors will also check this.
Loan without private credit information and proof of income – unemployment
If you are unemployed, you can not provide income proof either. The prospects are bad to get a loan.
However, the bank statements documenting the revenue can then have a reverse effect, as it only shows the income from the unemployment benefit. Anyone who receives unemployment benefits is not a customer for banks, because there must be an income that has an attachable portion.
Unemployment benefit is a social benefit that can not be seized. If the unemployed person is looking for a loan, he should do so with caution. Because there are certainly offers on a loan despite unemployment. However stuck behind it mostly dubious offers. In addition, the burdened private credit is added, which in turn prevents regular borrowing.
Without creditworthiness equal creditworthy?
There are consumers who can not provide proof of income but still have sufficient income. In such a case, collateral could substantiate the loan without private credit information and proof of income.
This could be a real estate or a life insurance loan. It would be better, however, if a solvent guarantor could be mentioned. The guarantor secures the loan by paying the installments in the event of a credit default. But for the guarantor this can be a risky thing.
A guarantee should generally only be concluded if, in an emergency, another loan installment can be paid easily. The guarantor should also know that the guarantee is registered in his private credit, which can reduce his credit rating.
Although many guarantors are reluctant to look into the borrower’s finances, this should still happen. So the guarantor has immediate insight if a rate is not paid. The best control would be to debit from the guarantor’s account. The borrower then pays to the guarantor.