A negative Credit Bureau entry happened quickly. If the cell phone bill is not paid, the incident is reported to Credit Bureau and there is already a negative entry. Sometimes those affected don’t know anything about it. Only when you apply for a loan does the evil come to life. The loan is rejected because of a negative Credit Bureau entry.
Banks rate a Credit Bureau entry differently
There are many offers for an instant loan in spite of Credit Bureau on the Internet, but the borrower needs to know that these loans are a little more expensive than conventional loans. If a bank has rejected the loan, it does not mean that the next bank will do the same. It is always the clerk who makes the decision.
The Internet makes it easy to compare many offers, and there are banks that are not quite as careful with Credit Bureau. If you look around the forums a little, you will find out about such banks easily and can start a specific request here. If you can wait a few more days, you should first try to get a normal loan.
Compare the offers with an instant loan despite Credit Bureau
If you believe from the start that you will not receive a normal instant loan, you can also look for banks that offer an instant loan despite Credit Bureau. As a rule, these are banks that are based in Switzerland or in Lichtenstein.
Since Credit Bureau is an institution that looks after German banks, these banks naturally do not provide any data to Credit Bureau, so the loan is neither recorded with Credit Bureau nor can it be refused. However, the amount of the loan is limited. The amount is usually 3500 dollars.
The prerequisite is that the applicant has a permanent job and has been employed there for at least one month and the income must not be less than a certain amount (1130 dollars for single people). When filling out the loan application, it is essential to ensure that all the required fields have been filled in and that the latest salary slips have been enclosed. Then the loan will be paid out within a short time.