A loan is legitimate if the lender does not charge improper fees or excessive interest. Difficult cases in lending arise not only from bad Credit Bureau information, but also from a rather low or irregular income.
The bank loan for difficult cases
A serious loan granted in difficult cases without Credit Bureau information is useful if the difficulty of borrowing is caused by bad Credit Bureau information. Sums of up to 3,500 dollars can be borrowed directly from Swiss banks, with a maximum of 5,000 dollars at some financial institutions. Higher loan amounts have to apply for a loan-free loan through a broker. A reputable broker does not charge his customers any upfront costs, but only an appropriate commission.
If an irregular or multi-part income makes it difficult to borrow, an immediate loan approved without proof of salary can be applied for as a serious loan in difficult cases. Deliberately untrue statements regarding the amount of earnings are of course not permitted, but the applicant may add up all income components and form an average for irregular earnings.
Regardless of the reason for the difficult borrowing, the application made together with a co-borrower increases the chances of getting a serious loan even in difficult cases. The co-borrower does not have to be related to the main applicant nor necessarily live in a common household. However, he should have a regular income and a secure job.
The personal loan in difficult cases
In difficult cases, a serious loan can often be taken out more easily via an internet platform for private loan brokerage than at a traditional commercial bank. On the corresponding platforms, a detailed description of the financial situation is just as common as the exact indication of the purpose for which a loan is requested. Both pieces of information serve as a basis for private lenders to decide which request to draw.
In contrast to traditional banks, they are not based on conventional creditworthiness criteria, but consciously promote loan seekers who find it difficult to take out a loan from a bank. Data protection is guaranteed regardless of the extensive communication of the personal financial situation, since the platform operator is the only one who knows the address and bank details of the members and the practical loan processing takes place via a bank account of the platform. Formally, a licensed full bank grants the loans for financial reasons, but the decisions are made only by the registered private lenders.