Avail loan even without evidence.

Reputable lenders always ask for evidence from the applicant,

Reputable lenders always ask for evidence from the applicant,

The only way to make a comprehensible statement about the creditworthiness of the prospective borrower. For this reason, the candidate must of course first check his identity, but also his own stated income must be proven.

The identity can be conveniently confirmed using the post-identity procedure, and income is confirmed to the bank using a pay slip or bank statement. In addition, the Credit Bureau is frequently queried, although the necessary evidence does not have to be provided by the borrower in this case, even if it relates to its financial history. The Credit Bureau is queried independently by the lender, the borrower only has to obtain consent, which is usually also a fulfillment of obligations in the course of the loan agreement.

There is under no circumstances a credit without evidence via the classic banking route, and even banks that advertise a loan without any evidence are usually not to be regarded as reputable. A “real” loan without evidence can only be found in the private environment, where a loan from friends or relatives often dispenses with both the written loan agreement and the issuing of an interest burden or a credit check. The financial circumstances of the prospective borrower are usually already known to close friends and relatives.

Without proof, there is only a private loan

Without proof, there is only a private loan

The credit without proof can only be obtained, at least to a limited extent, in the private environment. Even against unknown lenders, the borrower has to provide at least part of the evidence, although handling here is often handled via an intermediary, usually an internet portal. However, evidence is simply part of the lending business, which is why prospective borrowers usually have even better chances of issuing a loan if they actually provide evidence, even if they were in no way of a positive economic nature.

In this way, he can at least show transparency towards the bank or the private lender and then work together on a solution. The solution usually provides that the borrower significantly increases his own credit rating or at least provides collateral for the loan agreement. A credit without evidence is as little as possible as a credit without collateral, whereby the collateral is always included in the loan agreement based on its resale value.

An ancient car that no longer drives does not bring any security, but an already paid property with high rental occupancy does. A guarantor, the classic variant of security, can also be included in the loan agreement at any time, provided the borrower actually finds a person who is willing to vouch for him.

The possibility of getting loan despite of attachment.

Anyone who is looking for a loan despite attachment is certain to have one of the strongest negative features in their Credit Bureau, which means that a loan application is rejected. Whose wages are seized must create a separate account, the so-called P-account. This means that a person affected can dispose of their wages in the amount of the exemption limit.

All that remains is the sum that is taken into account as the cost of living. Normally, with a garnishment of wages there is only the amount of money that is below the garnishment exemption limit and this is intended for living expenses. The possibility of getting a loan despite attachment is only possible with a little trick that is actually not allowed. Anyone who takes on the risk must decide for themselves.

The loan despite attachment

The loan despite attachment

It is about the Credit Bureau-free loans granted by foreign banks. They are offered by online loan agencies. Since these banks are not a contractual partner of the German Credit Bureau, they cannot see whether there is a negative feature. This form of credit is secured solely from income. The creditworthiness documents to be presented also show a wage / salary statement in which the garnishment is noted.

Usually these banks also refuse a loan because the award is only approved if the wages are not pledged. What is missing is a certificate of earnings that does not have this note. The employer can ask his employee for an additional wage certificate. Since the usual monthly statement is not issued for salaried employees, an annual earnings certificate can be presented, in which the attachment is often not entered.

However, it must be said that this procedure can turn out to be a fraud, namely when there is a credit default and the Cream banks want to seize the wages. The approval rule for Cream banks is that wages are not pledged. If a credit broker gets involved in this deal, he can also be legally sued. It is a very delicate matter that everyone has to decide for themselves.  But it is the only credit option that arises with a loan despite attachment.

The loan despite attachment via private loan

The loan despite attachment via private loan

A loan from the pawnshop can be viewed as a loan despite attachment. If the customer has high-quality items such as electronics or jewelry that he can lend, the pawnbroker will estimate these values ​​and pay the amount in cash. The pawnbroker is not interested in garnishment or income. Only the objects to be used must be valuable.

Another solution could be the loan despite attachment via the private loan platform. The operators of these pages carry out a Credit Bureau query and see the seized wage garnishment, which results in a rejection.

There are providers on the Internet that grant especially Credit Bureau-free loans. You offer this loan with interest based on creditworthiness. Since the creditworthiness looks very bad due to the attachment, loans with high interest rates are granted, if at all. The cost of borrowing will be immense, with the question of whether it is necessary to pay such borrowing costs just so that the loan can be granted despite the attachment.

Another possibility

Another possibility

If the Credit Bureau has saved a negative payment behavior, the income can be however high and the employer is known, for many banks this is no longer sufficient as security. The garnishment has been carried out and that could happen again, so the bank sees a rather solvent customer.

The last option is a guarantor who signs the loan agreement. If you find a trustworthy surety who vouches for the loan despite the attachment, he should be made aware of the risks of the guarantee. Only if he has a high and regular income, a clean Credit Bureau and a permanent job is he predestined to act as a guarantor. However, he should be aware that the guarantee is entered in his Credit Bureau and the creditworthiness suffers.

If he needs a loan himself in the period in which the guarantee exists, he may not be creditworthy and needs a guarantor himself. In summary, it should be mentioned that if someone is in such a precarious situation, he should pay attention to his payment behavior in the future so that there is no longer a garnishment of wages. Then he does not have to burden others with financial difficulties.

Get a loan quickly and easily without problems.

To get a loan without any problems, a loan seeker must have an excellent credit rating. What does it mean? The income must be sufficient, the Credit Bureau without negative entries and the permanent position must be available. If a loan seeker can meet all of these conditions, which are the same at all banks, nothing stands in the way of a loan. The better the income situation, the easier the loan is approved. The applicant must therefore be able to cover a loan from his financial means.

The outlook

The outlook

There are many reasons to refuse a loan. Just think of a fixed-term contract, a trial period, unemployment, ongoing training or simply income is not enough. In addition, the negative entries in Credit Bureau are troublesome for some consumers. However, since banks want collateral when lending, the banking regulations are set up. There are certain groups of people who get a loan under difficult conditions.

These include the unemployed, the self-employed, freelancers, welfare recipients and often also pensioners. Especially the pensioner, who has a bombproof income in the form of his monthly pension, can expect rejections. The reason is not the pension, but simply the age of the loan seeker. Many banks have limited their loan commitments to 70 years. Large loans are no longer granted at this age.

The advertising promises a loan to all loan seekers, even if there is no income. The loan seeker can imagine that this will be completely ignored by reality. If customers then approach such a lurid advertising, they experience a disappointment. Who has not even received a so-called winning letter under his post by promising 5,000 USD, the loan is already waiting for the customer,

Such advertisements are of course nothing but hot air and belong in the trash. Generally, a loan seeker must be creditworthy for a loan to be approved. Since most banks nowadays work with special software, where a loan is processed within a few minutes, a good credit rating is one of the first approval criteria. If the customer has a negative entry and is even void, it is filtered out of the bank grid.

Only if all the conditional characteristics are present will there be a loan without problems. If a customer has top creditworthiness, he can also expect particularly low interest rates, and higher loan amounts and longer loan terms are approved. Banks do not rate the default risk as very high for a solvent customer. Think of an official or civil servant. This clientele has a good credit rating right from the start. This includes the fact that they cannot be terminated and their income, which is quite considerable.

When evaluating creditworthiness, a bank clerk is not only based on his own experience, Credit Bureau provides valuable information, the bank can use the Credit Bureau Score to estimate a customer’s solvency. The bank statements that the employee can see clear up the last doubts.

Upgrade your credit rating

Upgrade your credit rating

The period of the audited finances is narrow. Only the last three months are checked. It is good if the account is in the plus, even if an overdraft facility has been granted. Chargebacks or payments to a debt collection company paint a bad picture of the customer’s creditworthiness. Whoever manages his account signals to the bank that he has his finances under control.

If there are major gaps in creditworthiness such as insufficient income, these can be secured by valuable property security, and the naming of a co-applicant or a guarantor is also welcome with the loan without problems. The vehicle letter of a paid car, a property, a loanable life insurance or a savings contract would be conceivable as security. The loan without problems has a wide range of approvals.

Observe the conditions

Observe the conditions

Even if the customer is not creditworthy with his house bank, he does not have to do without a loan without problems. Many banks offer a loan without problems. Ultimately, of course, the loan amount is decisive. Small loans up to 5,000 USD can be checked and paid out in a simplified test procedure. The approval chances are higher with these banks than with the house bank.

In order to find a suitable provider, the loan seeker can use the loan comparison. It can be used easily and free of charge on the Internet. After entering the loan amount, the term and possibly an installment amount, the customer is shown a list of the best providers with their terms and conditions. If the suitable loan offer was found, the loan application can be made directly via the comparison.

However, only the cheapest interest rate is shown with these providers. Not all customers get this interest on a loan without problems. Since interest rates are calculated depending on the creditworthiness, he receives a favorable interest rate that has a good credit rating. Here too, it is important to pay attention to the credit terms. This would not result in many loan declines. The procurement guidelines often show who falls outside the bank’s grid.

For example, the unemployed, the self-employed, freelancers and social welfare recipients must not hope for a loan. Likewise, employees who are identified as contract workers or employees who have fixed-term contracts usually only get a loan without problems under difficult conditions.

There are quite a few customers who see the overdraft facility as a loan without any problems and make constant use of it. It should also be mentioned that the overdraft facility is the most expensive loan. With an interest rate calculated by some banks of up to 15%, it is significantly higher than the interest rate of an installment loan.

Can a loan broker easily arrange a loan?

Can a loan broker easily arrange a loan?

Credit brokers advertise that they can still arrange a loan even in the most difficult cases. In particular, the cases where banks have already rejected are highlighted in the advertising. Credit intermediaries are at home in the credit market and also know which bank will still grant a loan with acceptable interest rates if it has poor creditworthiness.

The comparison that credit intermediaries perform shows that the loan seeker receives a cheap loan offer. However, when looking for a mediator, care should be taken to ensure that they work properly. You can see that no preliminary costs are calculated and no insurance contracts have to be signed. If a loan has been approved, it only receives its commission.