The loan without credit check is becoming increasingly popular. But this should not be a miracle, because more and more people are in debt and carry their negative credit check entries on their backs. Negative marks in the credit agency can complicate life many times over. Mobile phone contracts, internet contracts, landline connections, not even bill or installment purchases via mail order are possible. All companies check their creditworthiness with credit check before concluding a contract with a customer.Only a small negative entry can result in a certain contract or the like not being awarded. Negative credit check entries in lending are viewed even more critically. But there are also ways to get a loan without credit check, but there should be two different variants.
Credit mediation without credit check for all those who do not want to jeopardize their creditworthiness
Normally, borrowings are recorded in the credit check, regardless of whether the repayment is made on time or not. As soon as borrowing has taken place, an entry is made in the credit agency. If the loan has been properly repaid, this is also noted as a positive entry. On the other hand, if there was no ordinary repayment, a negative note will be made.
However, many people want to bypass the first entry of lending and are therefore looking for a loan agency without credit check, because each entry, regardless of whether positive, negative or just for information, reduces a person’s creditworthiness. Further borrowing is usually not possible if the borrowing has already taken place, at least not as long as the first loan has not been paid off. However, anyone who plans to take out another loan in the near future, perhaps only to reschedule due to possible interest savings, is well advised to arrange a loan without credit check registration. In this way, later business partners will not find out about the loan taken out and still to be paid off.
Credit mediation without credit check for all those who already show negative entries
In addition to the people who do not want to have their borrowing entered in the credit check, there are also those who already have negative entries and run the risk of a loan refusal. For such groups of people, it is again advisable to arrange credit without a credit check examination. Normally, every loan application involves a credit check examination. Negative entries indicate a lack of creditworthiness and mostly lead to rejections. A credit agency without a credit check exam, on the other hand, can also procure cash for people with high debts.
However, the brokerage is less about banks than about foreign banks that cannot see the credit reporting agency. In this way, the lenders are not aware of negative entries and can agree to a loan brokerage without credit check. However, such loans are linked to a number of requirements. In particular, the monthly income, which of course must be regular, is particularly important. This must be sufficient to cover your own livelihood, running costs and the monthly repayment rate. Furthermore, it can happen that an intermediary requests the conclusion of a so-called residual debt insurance, which is nothing more than life insurance. This should also be considered by borrowers. However, it is important not to take out more than one insurance policy.