Borrow money despite Schufa entry
In most cases, as a loan seeker, you cannot get a loan if you have a negative Schufa entry. Borrowing money despite Schufa entry is not completely excluded, because there are various loan offers, some of which are particularly aimed at people with negative information. However, there are a few things to watch out for in this context.
Where you can borrow money despite negative Schufa
Borrow money despite a negative Schufa-Entry is possible in principle, but there are not many providers who carry out such lending.
- With the "normal" Banks you will usually not be successful if you have listed a negative characteristic in your information and want to apply for a loan. The banks only grant loans to customers who have a sufficient credit rating, and creditworthiness is again largely determined by the Schufa characteristics.
- You can borrow money despite a negative Schufa entry, for example through special credit brokers. These intermediaries have mostly even specialized in customers with a poor credit rating and cooperate with banks, who, on the one hand, are mostly abroad and, on the other hand, are willing to give money to people with poor credit ratings Rent.
- Another way how you can get capital borrowed even with a negative Schufa information is the loan from private individuals. This loan is granted by private individuals and can be obtained via the so-called loan portals. These portals work like other virtual marketplaces and bring loan seekers and lenders together.
What to Know Before Borrowing
- If you decide on a loan that is made available through a credit broker, then you should definitely pay attention to the amount of the finder's fee to be paid. It is also important that you only pay the commission after you have actually received the loan.
Perhaps you too know the problem of not getting a loan from the bank because ...
- You should also pay more attention to the interest rate for a loan despite negative Schufa, which, by the way, is often also referred to as a Swiss loan. Some lenders pay particularly well when they are willing to lend money to people with poor credit ratings.
- Even if you have the option of obtaining a Swiss loan, you should still not forget that the installments also have to be affordable. It is therefore important to know your own regular income and expenses and, on this basis, to calculate which monthly loan installment you can even afford.
Free at the Schufa credit So there are various special features to consider that do not play a role in a "normal" loan, which is why it is important to be sufficiently informed.
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