A credit without private credit checker information is a loan that the applicant is granted by a credit institution without the bank obtaining information from a private credit checker about the applicant’s private credit checker entries. private credit checker stands for “Protection Association for General Loan Protection”.
In addition to the name, date of birth and address, the personal private credit checker’s basic score of a person is stored in it. This serves as security, for example for banks or mail-order companies, if you want a loan or want to buy something in installments.
Why a loan at all without private credit checker information?
People find themselves in situations where they are already over-indebted. In these difficult cases, a normal loan, which always requires information on creation, is out of the question, as this would result in a rejection of the loan application. For this reason, mostly foreign banks have specialized in granting credit to German citizens without prior private credit checker information.
A credit without private credit checker information is made without an entry in the private credit checker file so that third-party banks or private credit checker partners are not aware of this loan. The credit without private credit checker does not change the so-called private credit checker base score.
Which providers are there and who makes the money available?
There are a lot of providers on the Internet who arrange a loan without private credit checker information. There are reputable and less reputable providers. The most important thing when making an application is to make sure that the placement commission is only due when the placement is successful and the loan is paid out.
Some providers charge the applicant a commission even if a loan could not be successfully brokered. Well-known reputable providers are, for example, “tax credit”, “Von credit”. In most cases, the money comes from banks in Switzerland or Liechtenstein that specialize in granting such loans to applicants from Germany.
Conditions such as interest, term & collateral
The loan amount for a loan without a private credit checker is fixed and currently is, in principle, a maximum of $ 3,500. The term of the loan is usually 40 months, so that the rate, depending on the interest rate, is on average a little over $ 100 per month. This consists of the interest and the agency fee for the successfully brokered loan.
Who can apply for a loan without a private credit checker?
Anyone who is German has a German bank account and is at least 18 years old can apply for a loan without private credit checker information. Of course, it would be an advantage for the loan interest rate if you were employed on a permanent basis. But often that is not the case.
However, the self-employed, pensioners, unemployed and students can also get a loan without a private credit checker request. The offers differ, however, depending on the bank or credit intermediary.
Advantages and disadvantages of a loan without private credit checker information
The most important advantage is that you can get a loan even with a bad private credit checker base score if there is a credit rating. In addition, there is no entry in the private credit checker, so that the credit does not affect the current score. The credit without private credit checker information can be transferred to the current account or given by post.
In this case, the loan amount does not appear as an incoming payment on the personal checking account. However, the providers charge an additional fee for this. The disadvantage of a loan without private credit checker information is the higher costs since an agency fee is added to the interest. In addition, the loan amount, terms and installments are not variable but are specified by the lending institution.