It is universally argued that a person with bad Schufa values can simply forget the undertaking of borrowing. The reason given for this view is always the importance of the Schufa, which as a protection community for general credit protection represents the economic memory of man. Certainly, the importance of this private company Schufa in relation to the large number of financial institutions that act as a partner of Schufa may well be undisputed, but this circumstance does not mean that the person with bad Schufa values can not get credit for it anymore.
The Schufa value is in the basement, what now?
It is a situation in which truly no one would like to volunteer. It is urgently needed a loan and the bank, in which the loan seeker has made a loan application, rejects the request due to the lack of creditworthiness. Not infrequently, this situation raises questions for the person concerned. These questions usually focus on the cause of the bad credit rating and usually end with the question: getting money without SCHUFA – how can it work? One thing is said directly for reassurance, both questions are basically very simple and relatively quickly answered.
– Loan search away from the traditional market
– Use the medium Internet
– search specifically for loans to the individual situation
The Schufa values of humans are basically a single interplay of several factors. Since the Schufa stores every single contract business, which entails obligations for humans, for a certain minimum period of time, the overall picture in a complicated procedure is used to calculate the so-called Schufa score on the part of the company. From this score, ultimately, the creditworthiness of humans derives. The well-known branch banks have their own system of lending, according to which they either approve the loan application in a positive or negative way. Schufa values play a very important role here, as creditworthiness is one of the most important arguments in terms of credit default risk. This credit default risk is a deciding factor for banks as to whether or not a borrower gets the loan they want. However, there are also solutions in the case of a credit rejection for humans.
Rejected and now?
Certainly it may be a bit superficial to claim that a rejection of well-known branch bank symbolically stands for all well-known branch banks. In current practice, however, the loan seeker with bad Schufa values can assume that he – if he gets no credit at his house bank – will not get a loan from any reputable branch bank. For this reason, the loan seeker should look to the Internet and translate their credit into reality on this alternative financial market. The targeted search is, however, due to the size of the market, a mandatory must.
Fortunately, on the Internet, the huge financial market can be compressed very easily by the loan seeker visiting the right pages. There are portals in the worldwide online network that only want to help them to understand the question: “Get credit without SCHUFA – how can it work?” And support the searcher in his search. Anyone visiting such a portal will only find providers who do not function as partners of the Schufa. This circumstance ultimately increases the likelihood of a successful borrowing immense, since the Schufa examination completely eliminated. The providers, who offer a loan without Schufa, examine the Kreditansinnen completely according to own criteria.
How can the loan be taken without Schufa?
Although for many people it may be an unusual way to obtain a loan over the Internet, the process of borrowing money online is in many ways similar to the usual one. Through the online path, the loan seeker can perform in advance the effective credit comparison on the basis credit criteria, term and monthly repayment installment and opt for a corresponding provider with good conditions. This is even easier on the online path than in the conventional way, as many providers are clearly listed. Subsequently, the contact with the provider.
– user-friendly credit comparison
– direct contact with the provider
– anytime possible
With a simple click of the mouse, the person searching for a loan gets directly to the internet presence of the provider, on which usually a suitably prepared contact form can be found in common practice. In this contact form, the loan seeker enters his personal data as well as the amount of the desired credit capital along with the purpose of the credit application and transmits it to the provider. The provider receives the contact form without significant delay and can make the first check of the credit. Thus, the first hurdle on the way to credit would already be taken without Schufa. After the feedback from the provider, the loan seeker can now take the second hurdle and submit his proof of income and on the existing charges by mail or fax. With this step, the actual testing of the provider for the loan begins.
If the test is successful, the last hurdle is reached. Usually there are very few problems with a loan without Schufa, because the providers set completely different standards for the calculation of credit default risk. The loan agreement is sent by mail or by post to the borrower, who signs the contract and returns it to the original provider. Regrettably, this step can not be done by mail, as a valid credit agreement naturally requires an original signature from all parties involved. However, if this step is done, then the payment of the desired credit capital takes place.
– fast processing through simplified procedure
– numerous loan options available
– low rejection rate
The credit without Schufa on the Internet is enormously popular and over time, a real competition has emerged for the providers. However, this circumstance is a huge advantage for the loan seeker, since he can also contact several providers and thus benefits from better terms. Of course, the so-called lightning loans or personal loans are available on the Internet, so that ultimately any short-term liquidity problem can be bridged with a loan without Schufa from the Internet. In some rare cases, additional security may be required from the provider, but this is considered an absolute exception. Credit protection can be both property objects and sureties, which ultimately gives the borrower good flexibility. Unlike conventional loans, however, the schufa situation of the loan seeker does not deteriorate due to a loan without Schufa.