Even minor offenses, such as an unpaid telephone bill, are recorded in the Credit Bureau. This means that an immediate loan is no longer possible in most cases with the house bank despite Credit Bureau entry. These basically make a Credit Bureau query, because banks want to be sure to get the borrowed money back.
German banks give a loan despite Credit Bureau
Exceptions confirm the rule and so there are also some German banks that approve an instant loan despite Credit Bureau entry. However, it depends on what this entry looks like. If it is just an unpaid phone bill, then this is not a problem. Above all, such a loan is approved by many online banks, which is often cheaper than a house bank. The advantage of these banks is that they manage with little staff and without large banks. These lower costs are passed on to customers in the form of lower interest rates. To get such a loan, simply fill out the form on the Internet. Then the confirmation or the rejection is then sent by e-mail.
Private credit intermediaries can find a bank
Credit Bureau was actually founded to protect consumers from over-indebtedness. But banks also secure themselves with Credit Bureau, if only through the request. A larger loan often prevents another loan from being taken out. Private credit intermediaries can help, because they can often determine an instant loan despite Credit Bureau entry. However, when brokering a loan, a commission must then be paid to the broker. But only after a loan was brokered.
Immediate loan despite Credit Bureau entry at Swiss banks
The Internet makes it possible because Swiss banks give loans without Credit Bureau. In principle, they do not work with Credit Bureau, but in all cases this means only an immediate commitment, because no money can be paid out without certain forms. Because, of course, it must be certain that the person really makes the application. Therefore, a copy of the ID and any pay slips must always be sent by post. Only then can a payment be made.