There are numerous creditworthiness verification steps between a loan and the borrower. One of the most important of these steps is checking your own credit entry. The abbreviation stands for the private data collection organization which, in particular in its entry (its scoring), which it creates about private individuals, provides information about their previous indebtedness and late payments, but not about their creditworthiness.
If the credit entry is bad, a loan is often no longer possible: However, the viable alternative is to simply look for a loan despite without the credit entry. This works in in the country, abroad or with help.
The credit despite without credit entry in in the country
The weakness of credit is the hope of the borrower, which also makes a loan possible despite without credit entry in in the country. Since credit does not provide any information about the creditworthiness, this can become an argument to grant a loan despite a weak entry. As is well known, creditworthiness stands for credit repayment ability.
This is measured by income. If things are going very well for them, why shouldn’t a bank give a loan? It doesn’t make sense to cheat an actually solvent customer. However, “despite without the credit entry” means that the bank will probably still report the loan to the protection community afterwards. The creditworthiness is therefore still affected.
The loan despite without credit entry abroad
It is different if you look abroad for a loan despite without credit entry, because many banks offer a loan entirely without credit. Their creditworthiness is also much more important to them than the data they get from the credit entry. Most foreign providers who want to become active in the credit market have over the years founded internet banks that offer their services in the country. It is therefore easy to apply for such a loan online.
The credit despite without credit’s entry through a credit broker
However, if you are unable to find a loan yourself, it is time to call on the services of an expert. Such people are professional credit intermediaries whose role can be compared to that of a real estate agent. They bring lenders and borrowers together. But since it is easy in the financial market to take out a loan if you have a good credit rating, you do not need the intermediaries in such cases. That is why they have become experts in particularly difficult cases and can therefore also help “despite without credit”.