A Credit Bureau-free credit with immediate disbursement is a wish that haunts consumers with financial problems almost every day. A new loan removes old burdens and offers new scope. A comprehensible idea that is heard when properly planned.
The term “instant payment” is a pure advertising phrase
Quite simply: A Credit Bureau-free loan with immediate payment does not really exist. Every loan application requires a processing time defined by the bank itself. Numerous branch and internet banks have specialized in processing urgent loan applications within a period of one to two working days.
This wording has so far been considered the well-known “instant loan”. However, Cream Banks dutifully value access to the Credit Bureau file of the respective applicant, so that if the information is negative, a rejection is possible. With regard to the timely implementation of obtaining a loan, this is rather a hindrance. No other options exist at the current time.
A welcome alternative to credit institutions
Credit Bureau is a “protection association for general credit protection”. This business information file was created by banks for banks to minimize financial risk for credit institutions and debtors in Germany. Based on the data stored there for the respective consumer, a bank uses this information to determine the creditworthiness of an applicant. For example, if there is a negative Credit Bureau entry, in many cases this will result in the loan application being rejected.
Alternatively, consumers who still need Credit Bureau-free loans with immediate disbursement can resort to private credit intermediaries and private individuals. A credit broker raises capital on his behalf and also receives lucrative commissions that he – if he works seriously – reflects on his customers in the form of relatively low interest rates.
In addition, the importance of private donors is becoming increasingly important. There are now numerous credit platforms on the Internet that enable the financial exchange between lenders and borrowers. The general terms and conditions of the respective credit portal should be read carefully.
With patience to the goal
The savings stocking is empty, the household budget is scarce. Banks no longer approve credit. Anyone who finds himself in such a situation, may have to look after children and also have to meet other financial obligations, will inevitably look for “fantastic” solutions.
Despite the great need, patience is an important virtue, which on the one hand saves money and on the other hand directs the overall view in an objective direction with other alternatives. A Credit Bureau-free loan with immediate disbursement is possible, but should only play a secondary role in the reorganization of personal funds. The risk of over-indebtedness is extremely high due to dubious offers and relatively high interest rates.