Anyone who has ever applied for a loan from his bank and this has been rejected, knows how important it is that the Private Credit is fine. Many consumers wonder why Private Credit plays such a significant role in lending. You have to know that each person in this country has entries in the Private Credit. However, these entries are neutral, they are only negative entries when it comes to payment difficulties.
Think of a reminder that was not paid, a garnishment, a forgotten rate from the mail order company. There are many reasons why a negative entry can arise. Banks conclude from the information provided by a Private Credit inquiry that in the future further payments can occur and reject the loan with negative Private Credit.
The bad Private Credit and its consequences
A bad Private Credit often brings the affected people financial problems. Especially up-to-date they are noticed, if the person concerned has applied for an emergency loan with negative Private Credit and was rejected. But it’s not just the credit denials. The affected can not conclude a cheap mobile phone contract, even the new apartment fails because of the bad Private Credit, because even landlords take a look there.
In general, the normal ways are blocked in a Eilkredit negative Private Credit, the bad Private Credit pushes a stop here. If there is an urgent need for money because a hasty bill that can not be paid could mean another entry, only the debt-free loan remains. Better it is not good luck to apply for an urgent loan with negative Private Credit, but to carefully compare the loan offers. Here, a loan calculator can be used, which is available on the Internet for free.
However, in the case of negative Private Credit, the express credit is almost exclusively offered by credit agencies or financial service providers. The customer should note that he finds a reputable provider. It is this type of loan that has attracted many black sheep, who are only looking for the money of credit seekers. The people who really need money urgently need the right “victims”. The customer should under no circumstances pay pre-payment or advance payment. Also, the credit opportunities will not increase when insurance contracts are signed.
Expensive hotlines and overpriced CODs are also part of the practices of frivolous work placements. Even if the loan request is extremely urgent, the customer should under no circumstances pay or sign. He will not see his money again and no credit. A serious credit brokerage can promise success if there is a difficult financial situation.
A reputable credit intermediary will first check the creditworthiness of the client and only then give a preliminary credit decision. Often also the conditions are already determined. Basically, the customer should know, the information of Private Credit is obtained with every credit request. If the data is positive, the loan seeker can choose the best from a variety of offers.
Many customers do not even know what their Private Credit score is or how low and they do not know what entries are in it. Therefore, it is recommended if a self-assessment is requested. Once a year it can be done for free. If the Private Credit shows negative entries from the last three years and also which payment defaults led to the negative entries, the customer often only receives the express credit with negative Private Credit from abroad.
But if entries are found that have already been done, they could be deleted, but only after three years. During this time, however, these entries have the note “done”, which often can lead to a loan from a German bank.
Important is the credit rating but also the conditions
A cheap loan has several parameters, such as a favorable interest rate. The credit intermediary determines the interest rate that corresponds to the creditworthiness of the customer. That is, the customer has a good credit rating, so a high income, he will receive a good interest rate. The customer can find out his interest rate on the website of the credit intermediary.
There, the interest margin can be seen that can show from 2.5 to 16%, which is quite a respectable interest rate for the express loan with negative Private Credit. There are not so rare providers who make an interest of up to 20%. However, as urgent as the loan request may be, the customer does not accept it, because this interest rate is a usurious interest and may be expelled by a frivolous credit intermediary.
If you are looking for an urgent loan with negative Private Credit, you want to see the loan amount credited to your account as soon as possible. However, he does not have to accept every loan offer. Because the interest rate is also for a credit with bad Private Credit on the creditworthiness of the customer. For example, customers who have a very high income and the negative entry simply came about because an invoice was not paid. That may have little to do with the credit rating, but the customer may not be happy with the bill and simply did not pay it.
Of course, a service provider will not make a difference between a high-income customer and a low-income customer. The claim was not paid and was reported to the Private Credit. Therefore, it is quite possible that even with an urgent loan with negative Private Credit still a good interest rate is possible. If a customer is unemployed, an intermediary counts among the risk group and sets higher interest rates.
So if you are looking for an urgent loan with negative Private Credit, you must have sufficient and regularly incoming income that can be found above the seizure clearance limit. Especially important is a permanent job that should last at least a year. The employment contract may not be limited in time and there may be no probationary period. The loan seeker must also specify other liabilities such as further loans and installment payments. They should move within a manageable framework.
If the income does not show enough, the credit chances of a second borrower increases. Whether a guarantee is recognized under German law seems more questionable. The Private Credit does not play a central role, the urgent loan with negative Private Credit is not registered there. However, the bank will look into the public debtor directory. If there are serious features such as an oath of disclosure, an enforcement order, a bankruptcy or a seizure of wages, then the credit is also for the Private Creditfreien credit. The customer is then no longer creditworthy.
The loan amount
If one looks at the advertisements of this form of credit, these promises can not be kept. According to research, it was found that in the case of a short-term loan with negative Private Credit only three loan sums are provided. That’s 3,500 euros, 5,000 euros and 7,500 euros. The 3,500 euro loan is the most approved loan amount. For the other loan amounts, the foreign bank also requires a good credit rating.
This does not mean that the Private Credit is queried, but these banks attach importance to a secure income and a secure employment. As for the duration of the loans, they are the same for all loan amounts, namely 40 months. The interest rate is usually in the double-digit range. Nevertheless, the customer should pay no usurious interest of 20%.