Payday Loans

Payday Loan: Check Out 4 Facts


Given the current economic scenario, it is not surprising that an increasing number of people apply for the famous payday loan. Well known for its speed and ease, this type of credit is one of the most sought by those who want to pay off debts and clear the name in the square. However, it can also be used to pay taxes on time, buy appliances, take a trip, invest in studies, among other reasons.

Check Out 4 Truths About Payday loan

Check Out 4 Truths About Personal Loan

Now yes! Once you know some of the major personal credit rumors, it’s time to learn a little more about how it works and can help you organize your accounts.

1. Every payday loan depends on a credit analysis.

1. Every personal loan depends on a credit analysis.

Do not confuse the practicality of payday loan with lack of discretion when releasing credit! Before the money falls into your account, the financial institution needs to calculate the risks of lending you money. This requires some documents, such as CPF, RG, proof of residence and proof of income.

Along with your credit score, this data is used in credit analysis to determine approval and, if so, what your interest rates will be. But do not worry! Especially for those with a clean name, the procedure is very quick and within minutes you get pre-approved offers.

2. Even those who are negative can get a loan

2. Even those who are negative can get a loan

Contrary to popular belief, anyone with a dirty name can also be approved for a payday loan . In this case, credit analysis is usually a little more careful, taking into account factors such as already committed income, past debt repayment history, among others.

In addition to the response time being slightly longer for negative people, banks and financiers often work with higher interest rates. After all, in their assessment, the risk of default is also higher. Anyway, it is worth doing a simulation and see the options available. This is because, even in these situations, the interest rates on a payday loan still tend to be much lower than those on overdraft or revolving card interest.

3. No Guarantees Required in Contract

3. No Guarantees Required in Contract

As said before, some loan arrangements, such as home or vehicle refinancing, work at very attractive rates. However, in order to apply, it is essential to have one or more of these assets settled in your name. In the payday loan , no. Just give your word and pass the credit review. Thus, it is a good option for renters who do not have or are still paying for a vehicle.

4. I can use the loan money to do anything I want

4. I can use the loan money to do anything I want

Another advantage of personal credit is that in order to hire you do not have to give any justification or right destination for using the money. Once released, the loan money can be used to repay debt to travel. However, before placing the order, it is worth thinking about how you plan to spend the money and ask for only the amount strictly necessary. After all, you will be paying interest for it.


10000 USD credit – safely paid in 48 hours

A 10,000 loan is one of the common types of credit, which are in demand at our latitudes again and again. The reason for this is the loan amount, which on the one hand is quite manageable, but on the other hand can also be used very diversely.

For what a 10000 USD loan?

For what a 10000 USD loan?

Many credit seekers have no problems letting money out of their 10,000 USD loan. In many cases, investments are made that would not be possible by other means.

For example, the purchase of a modern new kitchen or the renovation of your own home. The purchase of a used car, the equipment of their own wedding or the purchase of new technical equipment would be possible. In addition, many other uses, all of which have one goal: to improve the personal life situation and to give life a new direction. In addition, each consumer will be able to name their own reasons for accepting a $ 10000 loan. Maybe debts have to be paid.

Or the money should be invested in securities or other forms of investment, so that a hedge for the future can be made. The brave ones also invest in self-employment and hope for a better future in this way. But no matter in which direction the path may lead. It is always important that the desired credit can be properly secured.

Even if it is “only” about 10000 USD, which should be included.

Who makes the loan available?

Who makes the loan available?

Finding a loan over 10000 USD is relatively easy. Because most banks provide the loan very happy, if the borrower for the appropriate conditions with it brings. This means that you must have a good credit rating. This presupposed a positive Credit Bureau and at least a fixed income. On top of that, it has to be seen that the income is above the expenses so that the loan can also be repaid. It is worth using our loan calculator to find a suitable loan offer.

This shows exactly where there is the desired 10000 $ loan and what conditions are offered. It is important not only to keep an eye on the effective interest rate. The repayment modalities also play an important role. Because they determine how easy the loan can be repaid to the lender.

The collateral

The collateral

Many credit seekers have problems with the Credit Bureau and therefore have to raise additional collateral for the borrowing. If this were not done, the bank can reject the application for a loan. In such a case, it is always advisable to think of a guarantor or a second borrower. If this is solvent, other collateral can usually be eliminated because the second person provides sufficient security.

But it would also be possible to hedge the loan with a residual debt insurance or term life insurance. But beware: Both insurance costs additional money. Therefore, they should only be considered when this is really necessary. It would also be conceivable to provide the desired or required collateral on the material path.

The car, an existing property or other valuables could be considered for it. However, only if their value has survived and the duration of the loan survives.


Credit with 180 months term – low – small rate

If you take out a loan with a term of 180 months , you usually have big plans. A term of 15 years presupposes that there is a corresponding loan amount that can be repaid over such a long period of time.

Special features – Credit with 180 months duration

The special feature of a loan with 180 months duration is undoubtedly the long term. 180 months equals 15 years. A term that many banks do not offer. Usually it’s over at 10 years. Who wants to finance longer, should not only think of a debt restructuring and various facilitation in the repayment of money.

He must also remember to be able to provide sufficient collateral throughout the period. In addition, once a bank has to be found, which provides such funding.

What can be financed?

What can be financed?

Of course, with a loan with a term of 180 months, one always thinks of a large loan amount. Small sums would make no sense. If you repay them over a long period of time, you would have to pay too much interest. There would be additional costs, which are in the worst case over the actual loan amount.

A fact that nobody likes to look in the eye. Because loans should be cheap and equipped with low interest rates. Therefore, the term is always based on the loan amount. The shorter the term is held, the less interest must be paid in total.

For a 180-month loan, it can therefore be expected that large projects will be financed. In the first place is always the purchase of real estate. But even costly renovations could well be the reason for borrowing. Likewise an investment in a company.

The self-employed often need large loans to move their own business forward. 100,000 USD and more are not uncommon. Ultimately, however, it is always the borrower who decides in which project to invest. In the interest of the bank, however, this should always be within reach, as no bank invests in projects that have no added value.Credit with 180 months maturity – hedge

15 years is a long time, in which a lot can happen. Therefore, it is important that the loan is properly secured. The collateral must take effect over the entire term. It therefore brings nothing to offer that own vehicle as security, as this loses value with the years and after 15 years is usually worth nothing.

It is better to always present your own credit rating as good as possible. The better the credit rating, the higher the chances of a good credit offer. It is also advisable to involve a guarantor or a second applicant for borrowing. This is usually required by the banks as well.

Another security is a residual debt insurance or term life insurance. Which option is chosen depends on the loan. The family life insurance is also covered by term life insurance. The residual debt insurance, on the other hand, starts when the job has been lost.

Credit with 180 months term – admission

Technologies and rest. Delighted pretty young woman using smartphone and laptop while lying in bed and relaxing.

A 180-month loan should not be taken lightly. The search for suitable offers can be carried out conveniently with the help of a comparison computer. The suitably found loan offer should definitely have the opportunity to reschedule.

Likewise, free special repayments should be possible. If payment pauses can also be agreed, the loan offer is so flexible that no serious problems with repayment should occur even in stormy times.

Credit for soldiers without Credit Bureau – up to 7500 USD Credit Bureau

A loan for soldiers without Credit Bureau can certainly become an issue. Anyone who decides on a career with the German Armed Forces usually does so in a targeted manner. But despite a secure job and a good pay it is not always easy to cover the costs for the private sector on your own.

Special job status

Special job status

As a soldier you enjoy a special professional status. You are a public servant and can be sure of a particularly secure employment relationship. For many banks a reason to submit particularly favorable credit offers. However, these favorable offers are submitted only if the soldier has committed himself to the Bundeswehr for a fixed period of time.

The repayment of the loan must take place within the period of the commitment. No one can predict exactly whether the commitment will be extended. The soldier can decide that freely. For a loan for soldiers without Credit Bureau, it is therefore important to know exactly what loan amount and what term are needed, so that this can be compared with the period of commitment at the federal government exactly.

Why without Credit Bureau

Why without Credit Bureau

However, there is an obstacle to a loan for soldiers without Shufa, which should not be ignored. The negative Credit Bureau. It ensures that the soldier despite his employment in the state has a bad credit rating. For the Credit Bureau points to debts that the soldier can not pay.

For most banks this means that they assume a high risk of repayment default and thus refrain from lending. It does not matter how the negative Credit Bureau was created and how high the sum of the debt is.

It is much more important for the soldier to make up for this blemish so that a suitable loan can be found for soldiers without Credit Bureau.

Credit for soldiers without Credit Bureau – no easy task

Credit for soldiers without Credit Bureau - no easy task

The task is therefore to balance the Credit Bureau as well as possible in the first step. With a solvent sponsor this is easily possible. A person who has no negative Credit Bureau can accompany and facilitate the borrowing of the soldier. If you succeed in recruiting a guarantor, the loan can be requested from any bank.

Since the selection is quite large, we recommend for the search our loan calculator, which limits the offer and so facilitates searchers the choice.

Our tip:

Loans without Credit Bureau, as we know them from abroad or from loan portals, will probably not work for a loan for soldiers without Credit Bureau. Although a permanent job is available.

However, the borrower can be transferred while working or to foreign assignments. That does not like the lenders abroad and the loan portals too much, so that the loan application is sometimes rejected.

Credit for soldiers without Credit Bureau – that should be considered

Credit for soldiers without Credit Bureau - that should be considered

The occupation of the soldier is a profession full of dangers. Even if foreign missions do not have to be completed permanently.

In general, a loan for soldiers without Credit Bureau for these and the reasons already mentioned should only be taken if it is really needed. The cost of such a loan is higher than with regular loan offers unless you work with a guarantor.

In addition, the repayment of foreign missions can hardly be monitored, because you can not quickly get the account statements at the bank. It is therefore important that the supervision of payments can always be ensured by other persons.

Furthermore, it can sometimes make sense, because first request credit directly to the Bundeswehr. Small loans for very important purchases are given there interest-free and without the examination of Credit Bureau.

However, only if information on the purchase is made and this is really important.


Loan despite Credit Bureau – With banks that can really help.

When asked for a loan, each bank carries out a credit check. This includes an examination of income, job security and a query to the Credit Bureau If the Credit Bureau shows conspicuous, then a loan will be rejected despite Credit Bureau. The risk of default is simply too high for the banks. Nevertheless, there are opportunities for borrowing even under difficult conditions that represents the credit despite Credit Bureau.

The customer thinks about a loan rejection via a Credit Bureau-free loan

German banks have their rules and regulations and usually do not deviate from it. If, for example, the Credit Bureau shows bad and the income is not sufficiently high, then there is no favorable starting position for a loan despite Credit Bureau.The customer will then look around the Internet for Credit Bureau-free loans. At first glance, such a loan seems like a good alternative. After all, neither a bank nor a credit intermediary need basically any information on the credit rating, if the customer is looking specifically for Credit Bureaufreien loans.

Credit despite Credit Bureau – what meaning in the Internet search?

One should consider who is looking for a loan despite Credit Bureau. Mostly the consumer with a weak credit rating. Often there are hard negative features such as a bankruptcy or bankruptcy as an entry into the Credit Bureau, which means for a lender that he has a risky group of people who are even more risky than a self-employed person. The credit seekers notice that he receives much worse conditions than “normal” borrowers agree that the Credit Bureau is queried. In addition, these customers are often even “unpleasant” cost traps “offered”. He can assume that he will be penalized even with a manageable loan amount.

A bank is obliged by law to check the repayment ability and willingness to pay of the customer before agreeing to a loan despite Credit Bureau. But not only for the bank is crucial, the customer also has its advantages, because after all, the customer should be able to afford a loan. If the monthly loan installments can not be paid, the risk of over-indebtedness arises. Therefore, the bank also checks the other liabilities of the customer. The loan seeker should know who is already over-indebted and would like to replace other liabilities with this loan despite Credit Bureau, so this is not a recommendable way. Because one hole is torn open and another stuffed. Here, no new loan would be necessary, but the customer should go to a debt counseling. There are experts who can set up a debt repayment plan for the customer. This will gradually reduce the debt mountain.

German banks have three approval features, all of which must be met. These are the sufficient income, the clean Credit Bureau and the permanent employment. If the customer can meet these conditions, he will receive a loan from each bank despite Credit Bureau. However, if only one characteristic is missing, it will be rejected in over 90% of the cases. If there is an urgent need for money, the customer can look around the Internet for the Credit Bureau-free loans. The money comes in most cases from abroad and are often more expensive than a normal loan due to the missing Credit Bureau query. Foreign banks generally do not use the Credit Bureau data as a basis for assessing creditworthiness.

But what is the Credit Bureau that can be so crucial to a loan request?

But what is the Credit Bureau that can be so crucial to a loan request?

To the Credit Bureau information, the lender can also learn the score of the customer. Even if customers should show no abnormalities, so the creditworthiness of the customer can be doubted. The reason is the forecasting method which is determined on the basis of a percentage value of 1 to 100. This forecast shows a percentage probability of loan default or default. For example, a high value of 90 or even 100 indicates that repayment of the loan is very secure. Anyone wishing to take out a loan to buy a new car or purchase a new mobile phone from Credit Bureau will be presented with a form that includes the Credit Bureau clause and that the customer agrees that his data may be shared.

The customer does not have to agree to this clause and can cancel it. However, this can lead to no credit agreement. Who wants to delete the Credit Bureau clause in the account opening application, can be achieved by excluding services of the account such as an overdraft, debit card. The data that Credit Bureau stores about a consumer are personal details (name, first name, date of birth, address, as well as initials). Other data such as bank accounts, credit cards, reading agreements, mobile phone accounts, installments and guarantees are also noted. Data about the repayment term, payment history or termination. It also saves when a credit card has been withdrawn or when an account has been canceled by the bank.

Data on the hard negative features such as enforcement measures, an affidavit (disclosure), an arrest warrant for enforcing the EV, consumer insolvency proceedings.

Many customers wonder what it’s like to have a loan despite Credit Bureau. Care should be taken here that the customer does not fall for loan sharks. Even when looking for a place to landlord can demand a self-assessment. The customer should not beautify the information that the landlord does not need to know, such as account or credit card number. The Credit Bureau stores no data on the marital status, by the employer, for income or generally to the assets.

The Credit Bureau entries remain visible in the Credit Bureau for a certain period of time. Data of transactions of transactions are deleted after three years. The data from the debtor register of the district court will also be deleted after three years. If the customer can prove that the entries have been deleted from the directory, this data can be deleted prematurely at Credit Bureau. The Credit Bureau must delete the data after the deadline, but the customer should check this. Often obsolete entries remain in the inventory. Before applying for a loan despite Credit Bureau, the customer should therefore request a self-assessment from Credit Bureau. From this, the customer will then see if the entries are rightly still registered. Once a year, the customer can do this for free. If the data is no longer correct, the customer can have it deleted after submitting the evidence.

Generally, information about people will be deleted after a certain period of time.

information type:

  • Credit Bureau requests – after 12 months
  • Loans – three years after repayment
  • Accounts on current contracts such as the current account or telecommunications costs – immediately after account resolution
  • Credit card accounts – at the latest 3 years after contract termination
  • Information about non-contractual behavior – for example, in the event of improper repayment of a loan – usually after 3 full years from settlement, with exceptions being possible

The customer should know in a loan, despite Credit Bureau that due to payment difficulties in the Credit Bureau the credit despite Credit Bureau is more expensive than a conventional loan, then possibly the interest rates are higher. A loan in spite of Credit Bureau can therefore not be granted in Germany, since banks can not assess the risk of lending.

The reputable credit broker

The reputable credit broker

The reasons for a loan despite Credit Bureau are varied and manageable. Often, a rescheduling is envisaged, an urgent renovation, a hasty bill that does not tolerate any delay, the utility bill is higher than expected and … and … and .. To his house bank, the customer does not need to go, these banks are strictly to their specifications and will refuse the credit despite Credit Bureau. In search of a loan despite Credit Bureau the customer comes across many offers. However, the customer has to pay attention to a few things. Clients looking for a Credit Bureau-free loan will inevitably end up on the pages of credit agencies. These financial service providers, as they are also called, have a special feature, because not all work seriously.

Thus, home visits are often made that the customer did not want. Not only are these visits often subject to a charge, customers are then also forced to sign insurance contracts. Often, documents are also sent by cash on delivery, supposedly it should be important to loan documents, which is also associated with costs and cash on delivery should not be accepted. Additional insurance such as a life insurance or a home savings contract allegedly increase the credit opportunities, which is not true. Additional fees the broker does not disclose. The completeness of the loan agreement is also important. Thus, all legal information should be in it, such as duration, loan amount, borrowing rate, type of loan. If the broker demands advance or advance payment, the customer should not engage that broker.

A serious credit broker can be helpful. Above all, the credit check is to be considered, because there are no unnecessary additional demands of documents. The loan seeker only has to teach the necessary credit documentation, everything else will be done by the mediation. A reputable credit intermediary can advise its clients well and also assist with the compilation of application documents. The contacts to small lesser known banks are the area next to a loan despite Credit Bureau from abroad. This results in the constellation that the agent can negotiate favorable terms. Even in difficult cases if the mediator can explain a negative Credit Bureau entry in the credit due to his contacts despite Credit Bureau entry.

There are two well-known and reputable credit agencies such as Cream Bank and Best Bank. These negotiations have long been active in the financial market and are considered serious.

Advantages and disadvantages of a mediation

  • Advice before the application
  • Support compilation of the loan documents
  • Contacts with lesser-known banks
  • Argumentation assistance in difficult circumstances or a high loan amount
  • Opportunities for good conditions
  • Loan brokerage even with difficult creditworthiness

Disadvantages of a mediation

  • Dubious offers can often not be recognized immediately
  • Risk of transferring overpriced loans
  • Cost of the credit agencies

Facts of a serious mediation

  • There are no fees charged for arranging a loan
  • The company has a website with imprint, address and contact information
  • In a so-called test call should actually be reached an employee who also reflects a serious impression
  • Contacts Details of the loan amount, debit interest, effective interest rates and terms

Facts of a dubious mediation

  • Costs already in the consultation, regardless of the conclusion of a loan despite Credit Bureau
  • Calculation of additional costs
  • Offers of financial restructuring
  • Documents are sent by cash on delivery
  • No desired home visit
  • The loan commitment is made dependent on the conclusion of a residual debt insurance
  • Encouraging customers to sign a brokerage order
  • Promise of “100%” loan commitment.

The credit despite Credit Bureau – the prospects

The credit despite Credit Bureau - the prospects

Credit even with bad information, credit even with current loans, loan for unemployed, self-employed and so on and so forth. All these promises have nothing in common with the serious credit despite Credit Bureau. Advertised often in the print media of yesteryear. At that time, the credit in spite of Credit Bureau by dubious credit agencies was brought into disrepute. However, the present time shows that there can be quite a serious credit despite Credit Bureau. There are many providers of this type of credit. To name two reputable exchanges, like Cream Bank and Best Bank. Both agencies have been working in this business for many years and require no pre-payment or advance payment for a request. It is also important to make a loan comparison with the credit despite Credit Bureau. Because even this type of loan shows significant differences in terms.

As described above, Credit Bureau is well represented, whether it is a payment by installment in the electronics market or the mail-order business, or a loan in spite of Credit Bureau.The Credit Bureau information is an important part of the credit check. A weak Credit Bureau is awarded with a loan despite Credit Bureau with higher interest rates a negative Credit Bureau with hard features learns whether a rejection. Swiss credit, as this type of loan is called, originated in Switzerland. At that time, all loans came from this region. But after an in-house audit, a major broker at that time was forbidden to broker German loans, the reason being a missing banking license. With this mediator, all other agencies then withdrew, creating a veritable gap. In 2010, the time had finally come and a bank from Liechtenstein accepted these credit models and adopted the successful credit model identically.

The name of the bank is Lite Lender and has its registered office in Liechtenstein. The bank is serious and works transparently. Thus, the bank has not only taken over the conditions and condition, but it also adheres to the standardized rules. This means for the loan seeker who can not meet these conditions that a loan will not be approved despite Credit Bureau.

These requirements must be fulfilled:

  • The applicant must be of legal age and of legal capacity
  • The domicile and his account must be in Germany
  • The income must be sufficiently high and may only come from a job requiring social security contributions
  • The customer must prove this on the basis of evidence
  • Self-employed workers must be able to prove collateral

The credit despite Credit Bureau which comes mostly from Liechtenstein is modeled after a standardized loan after the predecessor Swiss credit. The bank will not allow deviations in the loan despite Credit Bureau. The loan can thus be made directly via Lite Lender from Liechtenstein or via a credit intermediary (further information on a mediation can be found above). Atter is a no-hagatterity, and no credits. However, the customer has a lot to consider. So there are only three loan amounts provided by the bank. Contrary to other promises, 3,500 USD, 5,000 USD and 7,500 USD are offered. Although the bank will not query the Credit Bureau, it will look into the public debtor directory. If there are serious features such as a bankruptcy, enforcement measures, seizure or bankruptcy, these features mean credit for the loan despite Credit Bureau.

Just as important is the permanent employment. The employment contract may not have a time limit and may not include a probationary period. Depending on which loan amount is requested, then the duration of employment will depend. For example, the 3,500-USD loan requires a one-year employment period. The $ 5,000 loan requires a 36-month employment period and the $ 7,500 loan has a four-year employment period. The great value is placed on the permanent position, yes that this is an important part of the credit check, remain self-employed or unemployed in the credit despite Credit Bureau. In addition, there will be no quick or instant loan on credit despite Credit Bureau. The rules are the same for all credit checks, no matter where the loan application is made. The appointment of a loan broker removes some work from the loan seeker, but this also incurs additional commissions.

Since the loan, despite Credit Bureau on the income is hedged, it is necessary that it is sufficiently high. That means it must be above the garnishment release. The attachable net income must meet the following requirements:

Minimum income for the loan despite Credit Bureau

Loan amount over 3,500 USD | As of: 07/2016
a single person 1.150,00 USD net
a dependent person 1,600.00 USD net
two dependent persons 1,850.00 USD net
three dependent persons 2.130,00 USD net
four dependent persons 2,500.00 USD net
five dependent persons 3.200,00 USD net
Loan amount over 5,000 USD | As of: 07/2016
a single person 1,600.00 USD net
a dependent person 1,900.00 USD net
two dependent persons 2,250.00 USD net
three dependent persons 2,550.00 USD net
four dependent persons 3.200,00 USD net
five dependent persons – not possible –
Loan amount over 7,500 USD | As of: 07/2016
a single person 1,800.00 USD net
a dependent person 2,100.00 USD net
two dependent persons 2,500.00 USD net
three dependent persons 2,900.00 USD net
four dependent persons 3,400.00 USD net
five dependent persons – not possible –

The terms of the loan despite Credit Bureau

Loan amount 3,500 USD
As of 01.07.2016
Net loan 3,500 USD
Refundable in 40 installments á 105.15 USD (total loan amount 4.206,00 USD)
annual percentage rate 11.12%
Bonded borrowing rate pa 8.84% fixed over the term

Loan amount 5,000 USD

As of 01.07.2016
Net loan 5,000 USD
Refundable in 40 installments à 150,20 USD (total credit amount 6,008,00 USD)
annual percentage rate 11.11%
Bonded borrowing rate pa 8.83% fixed over the term

Loan amount 7,500 USD

As of 01.07.2016
Net loan 7,500 USD
Refundable in 40 installments á 225,30 USD (total credit amount 9,012.00 USD)
annual percentage rate 11.11%
Bonded borrowing rate pa 8.83% fixed over the term

In addition to these requirements is demanded by the loan seeker for a loan despite Credit Bureau of age. In addition, he must have German citizenship and his place of residence must be in Germany. In addition to 18 years of age, the loan seeker may not be older than 61 years to obtain a loan despite Credit Bureau. It is also important that the salary or salary goes into a checking account.


Anyone looking for a loan despite Credit Bureau, since some credit inquiries have been rejected, should know that it depends on the severity of the negative contribution.

Here is an overview of the entries that are saved:

  • Collection of the credit card for misuse
  • Affidavit (Revelation)
  • Fruitless garnishment – for the creditor was nothing to get
  • Termination of a current account
  • Arrest warrant for enforcing a disclosure oath
  • Termination of loan after default – Credit was not paid on time
  • Garnishment due to seizure and transfer orders
  • Labor segregation due to assignment of pay
  • Claimed reminder
  • Backlog after coercive measures
  • writ
  • Foreclosure on the basis of a judicial title

Features contained in the database:

  • Granting a loan
  • Request for the assumption of a guarantee
  • Opening a checking account
  • Conclusion of a movables leasing contract
  • Installment loans with amount, installment, installment
  • credit Lines
  • Disposable loans
  • Guarantee with amount, duration and installment
  • Completion of a total claim
  • Recovery claims
  • Issue of a credit card

Characteristics of judicial measures:

  • Termination of a loan
  • Termination of a current account
  • Check returned due to lack of cover
  • Credit card abuse
  • Enacted writ of execution
  • Recovery of a credit card for abuse

Characteristics of judicial enforcement measures:

  • foreclosure
  • wage garnishment
  • Arrears after compulsory measures
  • Fruitless attachment

Based on the Credit Bureau communication, 90% of all consumers registered with Credit Bureau have explicitly positive entries, so that only 10% of consumers have negative characteristics. If one calculates that about 6.6 million data are stored, then there are still 6.6 million citizens who have a bad Credit Bureau. A small example: who constantly constantly covers his current account and the bank terminates the current account, so pulls a negative entry.

An open balance in the Credit Bureau is always updated, so that you can always see how far the consumer with his payments backward. It is interesting for minors, that at the earliest an account is led, if a current account, a credit card or a Handyvertrag is requested.

It is important for the customer to know that banks are obliged to withdraw reports to the Credit Bureau and negative entries if they are wrong in their content. For example, if the bank informed Credit Bureau that a loan had been terminated, but in reality it was paid prematurely in the context of special repayments, it must immediately correct that. Therefore the Credit Bureau data should be checked by the customer. Because he may expect that the contract company in the update service negative features to all contractors. This can lead to the termination of possible business relations with the customer due to a possible threat of financial collapse. Once a year, the customer has the right to see his Credit Bureau free of charge and to have his own information sent to him.

Before a loan is taken despite Credit Bureau, a loan seeker should check his financial position. In addition, all revenues and expenses are compared, in the best case results in a balance of which a part as a credit rate for credit despite Credit Bureau apply. Also in terms of installment, income should always serve as a basis, also in view of a changing financial situation leading to a reduction in income.


Savings Banks Credit without Credit Bureau – real credit offers

The desire of many consumers is to take advantage of a savings bank loan without Credit Bureau. Not because the savings bank offers particularly good loan offers. Rather, it is because many consumers have been with the Sparkasse for a very long time and therefore have a special relationship with the bank.

Savings Bank Loan without Credit Bureau – is it?

Savings Bank Loan without Credit Bureau - is it?

The Sparkasse is not necessarily known for lending money lightly. It presents itself more conservatively. And that also with the granting of loans. You should not expect a savings bank loan without Credit Bureau.

Such loan applications are rejected or provided with the comment that an optimization must urgently take place in advance so that the loan can be met. The behavior of the Sparkasse on this issue is not unusual.

A negative Credit Bureau always means that there are debts or receipts that can not or could not be settled in a regular way. The economic situation of the prospect is therefore not optimal enough to allow lending.

Too high would be the risk of default on the loan, as it always has to be expected that the loan is not served on time. The bank does not want to take this risk and therefore always rejects lending.

Savings Banks Credit without Credit Bureau – optimizations

But this rejection does not automatically mean that no savings bank loan can be used at all. The financial institution is so accommodating and grants the savings banks credit without Credit Bureau, if the conditions for it are optimized. Since the creditor can change little of his negative Credit Bureau, he should get a solvent partner to his side. A solvent partner is characterized by a positive Credit Bureau and in the best case by a decent credit rating.

For this, the income would have to fit. He should also be close to the actual borrower. Because he vouches for him. For married borrowers, the Sparkasse will always ask for the spouse first. This has practical as well as safety-related reasons. If no spouse is available, another family member or friend may act as a credit partner.

It is important that the affected person is aware of which task they are taking on. The partner should therefore only be called in if the loan is really necessary and can be repaid under the given conditions.



The inclusion of a savings bank loan without Credit Bureau is relatively easy. Since one most likely wants to take up the loan with the own savings bank and not with a savings bank in another city, one can choose between an admission on the Internet or locally.

On site, a personal conversation can be held. This may be important for those who are not so familiar with the borrowing process. Everything may seem more comfortable on the internet. In addition, the loan can also be applied for on a weekend.

It is therefore not dependent on the opening hours of the bank and also requires no date for consultation. Concerning the cost and the conditions for the savings bank credit without Credit Bureau it makes no difference where this is taken up. Because the conditions are the same on the internet as on the ground.


Loan for caravan purchase – paperless from the net

Be mobile and reach your desired destination with a caravan on vacation. A wish that can be fulfilled with the help of a loan for caravan purchase.

Because financing for the purchase of a caravan are offered by many banks. Even if they are not advertised that way.

Loan for caravan purchase – put on credit with free use

Anyone looking without exception for a loan for caravan purchase will probably only get a few good offers displayed. Because a caravan is not what many consumers have in mind when borrowing.

Rather, it is looking for more succinct acquisitions, which should be implemented with the help of a loan in the act. Therefore, when looking for a caravan loan, it is recommended that you do not explicitly look for a dedicated loan.

Look for a loan that is not suitable for caravan purchase, but a loan whose use has not been committed. Thus, any investment can be invested and the loan can meet all the requirements that the borrower puts into it.

Credit from the dealer

Credit from the dealer

Many caravan dealers are happy to offer a suitable loan for purchase. The financing is handled by a partner bank, so that for the dealer and ultimately for the buyer, no great effort.

The disadvantage of such offers, however, is the fact that only one offer is made. The buyer and at the same time borrower can not therefore compare the offer with other offers and does not see whether this is a good or a less good offer.

It is advisable to use the loan through the dealer only if no other means of financing is possible.

Credit for caravan purchase via a free bank

Borrowing is much more flexible if the loan can be borrowed from any bank at any bank. With the help of a loan calculator different offers can be compared comfortably.

It’s not just about finding the cheapest loan. Above all, it is about finding the loan that best suits the project.

For example, a good selected loan offers flexible repayment options. It also allows for additional purchases to be made to the caravan.

Maybe a bicycle trailer will be needed right away, or the car will need a trailer hitch for transporting the caravan. All these things should be included in the credit, so that not a second loan must be taken.

Comparing helps save money

A well-conducted comparison helps to find the best possible caravan loan. But it also helps to save money. Because the interest margin on the loan offers can vary quite a bit. But if you look carefully, which costs can arise around the credit, unnecessary expenses are avoided from the beginning.

Our tip: Online banks are usually equipped with lower interest rates than traditional local banks. If you do not want to do without them, you should check that their online offers can be used. Ordering a loan online is no longer a big deal nowadays. It goes fast and the credit is available within a few days.


Loan rescheduling – what is it

In the case of installment loans, in particular, these are taken up by the borrower and, as agreed, repaid over the term. Sometimes, however, it may make sense to prematurely replace an existing loan and convert it into another loan. In this case, debt rescheduling or loan debt restructuring is used, which may also mean that a regularly repaid loan is replaced or extended by a new loan.

What is a loan rescheduling?

Portrait of young man chilling at home and shopping online. Holding a credit card in his hand.

In general, it is then spoken of a loan debt, when an existing loan is replaced by a new loan. Debt repayments are very common in practice and mainly affect the three loan rates disposition credit, installment loan and real estate loan. In principle, there are several reasons why loan remubbing can be useful in practice. Especially the following situations are the ones that make a retraining sensible:

  • Disposition credit is used regularly
  • Various smaller loans are available
  • Current real estate loan expires
  • Construction loans should be replaced prematurely due to high interest rates

In these and other situations, it is definitely worth considering whether a loan reminder can make sense. However, it should always be calculated beforehand whether the rescheduling of the loan to date in a new loan actually saves the borrower or whether the rescheduling brings other benefits.

Credit debt from the credit line in installment loan mostly makes sense

A loan remubbing, which is still used by clearly too few consumers in practice, but almost always makes sense, is the rescheduling of the discretionary loan in a installment loan or in another loan variant, such as in a framework or call-off loan. Since the discretionary credit is by far the most expensive private customer loan, it is almost always possible to save interest costs in the future by means of a targeted loan remittance. The rescheduling of a disposition credit is particularly useful under the condition that the discretionary credit is not used as intended. This is the case, for example, under the following conditions:

  • Disposition credit has been used for many months or years
  • Account is being overdrawn to a relatively large extent
  • Customer should reduce balance on the current account, but there is no discipline
  • There are relatively high disbursement fees paid

In all these cases, it is very probable that the loan repayment from the repayment credit to a installment loan would in future lead to a significant saving of interest. If one compares that the discretionary interest rates still average about ten percent, but installment loans are often already available at interest rates of four or five percent, the significant savings potential already shows. The future savings in interest rates are even greater if one compares the extremes of both types of credit. Quite a few banks and savings banks still estimate overdraft rates of 12 or 13 percent, while the cheapest installment loans are already available for below three percent. In some cases, customers could save ten percent in interest annually if they make a debt restructuring from disposition credit to installment credit.

The loan remittance as such is straightforward, if a discretionary loan is to be converted into a installment loan, relatively simply and transparently. In the first step, you should compare the banks’ offers in the area of ​​installment loans, which we offer you, for example, free of charge and individually through our credit comparison. If you have decided on a new lender, you will receive a installment loan, which should at least equal the amount of the currently used credit line. The loan amount will then be credited to your checking account, so that the debit balance is balanced out almost automatically. Now you should just tell your bank that you no longer have a dispositional framework on the checking account, so that you do not fall into the old “rut” and gradually out of habit gradually overdraw the account again.

Worth knowing: Credit debt from disposition in installment loan often makes sense

Worth knowing: Credit debt from disposition in installment loan often makes sense

In the vast majority of cases, it makes sense to reclassify a discretionary loan into a installment loan. This is especially true if the credit line has already been used for a longer period of time and to a greater extent.

Combining loans as another reason for a loan remission

While the rescheduling of discretionary loans in installment loans or call or framework loans is mainly about paying less interest in the future and therefore cutting costs, there is another reason that is also more often the cause of debt restructuring. And it is more and more consumers in Germany, the pay off not one, but three or even more different loans. The reason is in particular that more and more spending and the purchase of consumer goods are financed as a matter of course through a loan. It is not even extraordinary that families and households today serve three to five different loans, because the funding is relatively quick, for example, by the following common expenses:

  • Buying a new car
  • Financing a larger vacation trip
  • Buying new furniture
  • Purchase of media and household appliances

The problem, however, is for quite a few borrowers who are paying off three or more loans at the same time that sometimes the overview is lost. At times, this can even be a precursor to over-indebtedness, with some consumers losing track of the monthly burden of existing loan installments. So maybe another loan will be taken, even though the available income is already barely enough or not at all enough to cover all monthly expenses.

In particular, in such cases, it may make sense to undertake a debt rescheduling, rather than accepting a new larger installment loan, which at the same time replaces all existing loans. With the loan installment loan this is usually straightforward possible, since only a few banks refuse premature replacement or in this context require a prepayment penalty. So, if you want to have a better idea of ​​what loans you are currently servicing and how much the monthly charge is in the aggregate, you may well want to make a debt repayment as described above.

Our tip: Credit debt for arranging payment obligations

Our tip: Credit debt for arranging payment obligations

If you serve several loans and sometimes have the impression that you are not aware of the total monthly debit and also the respective terms of the loans, then a debt repayment or a rescheduling without Credit Bureau can be the solution. In this case, you simply take out a new and larger loan to replace all existing smaller loans and get back to a very good overview.

Loan debt in real estate financing on the agenda

Debt repayment is not only used in the area of ​​overdraft facilities and installment loans, but also in the context of real estate financing, it is almost on the agenda. This is particularly evident in the low-interest phase, as many borrowers, who have been repaying a construction loan for several years, for example, wish to repay the loan prematurely and take out a new real estate loan with significantly lower interest rates. This is also the main reason for debt rescheduling in the area of ​​mortgage lending, namely to be able to save interest on the new loan in comparison to the previous loan.

In contrast to the area of ​​installment loans, however, in the case of real estate loans, it is usually the case that the bank will agree to a premature redemption, but almost always calculates a prepayment penalty. For this reason, it is extremely important for a planned loan debt restructuring in the area of ​​real estate loans to know the amount of the prepayment penalty and then to calculate precisely whether, under this condition, interest savings can actually be realized in the future. How such a calculation could be done, we would like to illustrate with a short example:

  • Remaining debt of the current real estate loan: 120,000 USD
  • Previous interest rate: 4.6 percent
  • Remaining term of fixed interest: 4 years
  • Interest rate on any new loan: 2.2 percent
  • Prepayment Compensation to be paid: 8,000 USD
  • Savings on interest without prepayment penalty: 11,520 USD
  • Savings on interest after deduction of prepayment penalty: 3,520 USD

In the calculation, it becomes clear that the possible interest savings are, of course, always calculated only for the period in which the previous real estate loan or fixed interest rate would still have residual maturity. In this case, there are four years, because after this time, the borrower could already carry out follow-up financing without paying a prepayment penalty. However, the example shows that despite the inclusion of the prepayment penalty to be paid by the loan debt restructuring in the sum of an interest savings can be achieved. However, if the prepayment penalty were higher, or if the interest differential between the old loan and the new loan were not quite as large, it could well happen that after taking into account the prepayment penalty, only a very small or no interest savings will be shown. For this reason, it is important to calculate exactly whether the rescheduling actually pays off in the case of a planned rescheduling in the area of ​​real estate financing during the fixed interest period.

In addition to the early redemption of real estate loans, debt rescheduling is also discussed if follow-on financing is to be carried out at the time at which the fixed interest rate expires. In this case, there are two possible forms of debt rescheduling, namely, that the previous loan is extended at the same bank, then, of course, on the current terms. On the other hand, it is of course also possible after the expiry of the loan to compare the offers available on the market and ultimately decide on the real estate loan with another bank.

Conclusion on credit debt

Conclusion on credit debt

A loan reminder is useful in many areas nowadays and has two main reasons. On the one hand, in particular the rescheduling of discretionary loans in installment loans and in the area of ​​real estate financing usually focuses on future savings in interest costs. If, on the other hand, installment loans are rescheduled and the borrower remains in the same type of loan, the better clarity is often due to the elimination of smaller loans. Regardless of which form of rescheduling you choose, you should always compare all the costs of possible savings, because only then can you determine whether the rescheduling of the loans is financially worthwhile at all.