More and more direct Credit bureau and credit intermediaries have discovered the need for online loans without Credit bureau as a gap in the market. But it is not always easy for the consumer to distinguish which online loan is reliable without Credit bureau. With these loans in particular, in addition to the reputable providers, there are also many dubious credit intermediaries.
Important clues that apply to dubious providers
For example, many people who have lost their creditworthiness due to youthful sin or sudden unemployment with a negative Credit bureau entry are looking for other ways to get a loan. This is not only known to reputable providers.
However, it is easy to see from some features whether an online loan without Credit bureau is serious. If fees are requested in advance when a loan is requested, it can be assumed that these offers are purely credit rip-offs. In addition, an immediate loan approval is promised after payment of the alleged processing fee. Caution should also be exercised when advertising with unlimited loan amounts or very low interest rates.
When is an online loan without Credit bureau reliable?
Certain requirements must also be met for a loan without Credit bureau. Reputable providers usually only offer such loans up to an amount of $ 3,500. If the credit request is higher, more collateral is also required. For example, this can be a certain minimum income.
If the credit check is not carried out by Credit bureau – a current certificate of income and possibly the last account statement must be submitted. Often, job seekers only get a loan without Credit bureau if they can show a liquid guarantor. You can also tell whether a loan without a Credit bureau is serious by processing a loan request free of charge and without obligation.
Loans from foreign Credit bureau
A loan without Credit bureau is often referred to as a Lite lender because it is mostly a Best Credit bureau that issues loans without a Credit bureau request. However, if an online loan without Credit bureau is serious, the applicant must always count on a precise examination of his financial and personal life situation.