If different banks keep rejecting your loan application, that’s not a good sign. Often there is a negative Credit check entry and you have no chance to get a loan. If you are not sure whether you are in the Credit check, you can also ask the Credit check for information. If you still need a loan without Credit check , you have a few options.
Why Credit check entry?
Are you wondering why you are in Credit check and cannot get a loan? This can be caused by very different causes. In the rarest of cases, Credit check sometimes even has an error and incorrect data was transmitted. Mostly, however, it is due to things such as late installments or unpaid bills. A negative entry in the Credit check will make it more difficult to obtain a loan, but not impossible. There are several ways to get a loan without Credit check.
3 tips for a loan without Credit check
1. Foreign banks
If you only ever get rejections from German banks, you can also take out a loan from a foreign bank. The big advantage for you is that many foreign banks do not request Credit check information at all. So it is very likely that you will get a loan without Credit check from a foreign bank. The disadvantage, however, would be that foreign banks often have a very high interest rate and also carry out a credit check. If you do not pass this credit check, it will also be difficult for you to get a loan without Credit check.
2. Recognize dubious providers
Some credit intermediaries that can meet consumers should be treated with great caution. Often, some claims are made that later apply at all. An example would be if someone promises a loan at very low interest rates and that Credit check and income do not matter at all. A reputable lender always wants to have some kind of security and cannot promise anything that he cannot keep. Dubious lenders often ask for upfront fees, quick home visits, various fees, and no flat fee.
3. Personal loan without Credit check
Do you urgently need a loan without Credit check? Then you can also take out a personal loan. A private loan can be granted by anyone of legal age, regardless of whether it is someone from the family or a foreign lender. If you know someone and have a rich uncle, for example, you may be able to get a personal loan from your uncle. In any case, you should always write everything down so that you can always present something in the event of a dispute. There are also some portals on the Internet where you can meet private lenders. You can of course also place an advertisement yourself and look for a private lender.