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
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.