Swiss credit without Credit Bureau entry

With conventional bank loans, not only is a Credit Bureau request made before the loan amount is paid out, but also the borrowing is entered in the credit protection record. Both can be avoided by the customer taking out the desired loan in Switzerland. Loans without Credit Bureau granted by federal banks are referred to and advertised as Swiss loans.

The omission of the Credit Bureau entry is useful

The omission of the Credit Bureau entry is useful

Consumers often combine federal banks’ Credit Bureau-free credit with a waiver of the Credit Bureau request. That is true, but the failure to report the loan to the credit protection association is also advantageous in many cases. If borrowers plan to build a house or buy a property within the next six months, a Swiss loan without Credit Bureau entry is an option.

The reason for this is that many financial institutions have considered borrowing within the past six months when evaluating their creditworthiness and this obviously also leads to a reduction in the score at Credit Bureau. This means that Swiss credit without Credit Bureau makes sense for all borrowers who are planning to borrow further in the foreseeable future.

The practical loan processing

The practical loan processing

In the case of a Swiss loan without Credit Bureau entry, the borrower does not bear any additional currency risk since the loan contract is processed entirely in the currency of the dollar. No additional bank charges are incurred thanks to a German bank account maintained by the Swiss financial institution. In the case of a Swiss loan without Credit Bureau entry applied for directly through the credit bank, the maximum possible loan amount is usually $ 3,500; few institutions have meanwhile increased the amount to $ 5000.

At the same time, the loans are only available to employees with fixed earnings, while freelancers and the self-employed can submit a corresponding loan application through an intermediary. This procedure also enables large amounts to be borrowed in Switzerland. When choosing their intermediary, bank customers make sure that they only charge an appropriate commission after the loan has been paid out and no upfront costs in accordance with the applicable legal situation.

The fact that Swiss credit is granted without Credit Bureau entry does not mean that the loan is not registered. Rather, a report is sent to the Swiss credit protection agency, to whose data German financial institutions have no access. This prevents the simultaneous borrowing of several Credit Bureau-free loans in Switzerland, but does not affect later borrowing in Germany.

Loan despite negative Credit Bureau with immediate approval

German banks do not grant a loan despite the negative Credit Bureau with immediate approval, the loan commitment fails because of the negative Credit Bureau.This form of credit is processed by reputable financial intermediaries who check a loan application without any upfront costs. There are two to three major finance portals that mediate this type of loan. You can quickly apply for this loan online.

Can be planned with an immediate approval

Can be planned with an immediate approval

In order to get a loan with an immediate approval despite a negative Credit Bureau, the loan seeker fills out an online form from the relevant credit broker. The information to be provided includes income and monthly charges. State-of-the-art technology, which rests on web-based computers, uses this information to determine an immediate acceptance or rejection. If the income is too low, there is a high level of debt or if the Credit Bureau contains hard negative characteristics, then even with a negative Credit Bureau, a loan cannot be approved by a credit intermediary despite the negative Credit Bureau.

The loan seeker must provide this information voluntarily when making a loan request. The immediate confirmation is given promptly, cancellations are usually given immediately. Immediate commitments can take up to 24 hours, but are usually delivered in a five to three hour period.

The serious credit brokerage can convince

The serious credit brokerage can convince

A loan despite a negative Credit Bureau is somewhat higher in interest rate than a normal loan, in the best case it is even granted with identical interest rates. The most favorable case is that the loan seeker shows a top credit rating, but insists on a loan for some reason despite a negative Credit Bureau with immediate approval, for example if the loan wants to be used as a side loan. A credit despite a negative Credit Bureau already says that no Credit Bureau information is obtained and no entry is made in the same. In this way, financing projects that can be planned may remain unaffected in the future.

The well-known financial service providers advertise in their loan offers with favorable and credit-dependent interest, but with poor creditworthiness, the interest rate for a loan rises despite a negative Credit Bureau with immediate approval.
On the subject of credit intermediaries, it should also be mentioned that one should pay attention to the seriousness of the financial service provider. There are a few black sheep on the internet who take a loan seeker with unfair methods, without providing a service. Nevertheless, a serious loan broker can solve a financial bottleneck in no time.

Debit card as a special credit card variant

Many millions of consumers use a credit card, but they are often unaware of the exact functions and that there are different types of credit cards. The various credit cards that are on the market can be divided according to different criteria. One criterion is, for example, which services the respective credit card contains. On this basis, the numerous credit cards that customers use today are primarily divided into the three groups of standard, prepaid and premium credit cards. Another possible form of deposit is based on the fact that there are different settlement methods. In this area, the credit cards can be divided into four groups, namely prepaid, credit, debit and charge cards.

Charge card – what is it

Charge card - what is it

 

The most commonly used credit card variant in Germany is known as a charge card. The charge card essentially means that the dispositions made using the credit card are settled once a month. Up until the time of billing, the customer has the option of using a credit limit and thus a delay in payment. In contrast to this, for example with a real credit card, the customer is given a one-time credit line that he can use as he wishes.

There is no fixed repayment agreement or monthly statement, however, it is often agreed that the open balance must be repaid, for example five percent of the target balance. Another billing variant, which is not particularly common, is the debit card. The debit card works in principle exactly as many customers know from their normal bank card as a MaestroCard. With the debit card, it is so that any disposition made using the credit card is debited to the customer’s checking account just a few days later. Settlement takes place immediately, as is the case with a normal bank card.

Wha is debit cards?

Wha is debit cards?

 

Debit cards are primarily issued to customers who, from the bank’s point of view, do not have a particularly good credit rating, but can still receive a credit card with a limit function. The immediate debiting of the amounts available ensures, above all, that the customer keeps an overview of his expenses and there is a lower risk that payments will accumulate that may not ultimately be balanced can be. The main disadvantage for the customer of the debit card is that there is no delay in payment, as is the case with the charge card described above, for example.