Loans are reputable if the legal basis is observed. This includes an appropriate interest rate as well as the refusal to grant credit if the applicant is unlikely to be able to pay the installments due. With few exceptions, Credit Bureau information is one of the basics of domestic lending. In addition to any negative characteristics, it contains information on existing liabilities as well as a generalized credit rating in the form of a score.
A frequently used serious credit without Credit Bureau information consists in the approval of the partial payment by a dealer. Most mail order companies only make a Credit Bureau request when they place their first order with a new customer. Even the use of credit lines that have already been granted does not require a further Credit Bureau request, unless the customer actively asks for their expansion.
Furthermore, a serious loan without Credit Bureau information can be taken out with an insurance company by lending customers their existing payment claims from a private life insurance or supplementary pension insurance. However, it is a prerequisite that the insurance contract to be loaned is not a funded Riester pension or Rürup pension, since its loaning is considered harmful use and immediately results in the recovery of the state allowances or tax benefits granted.
A well-known financing offer is a serious loan from Swiss banks without Credit Bureau information. The federal banks are not authorized to request Credit Bureau information because they are not members of the German credit protection system. Instead, they check the creditworthiness of a credit customer solely on the basis of their income and by querying the data that may have been saved from old contractual relationships with Swiss credit banks.
Of course, Swiss credit protection does not have Credit Bureau data registered in Germany, so that possible negative features do not affect credit approval. In the case of loan amounts of more than 3,500 dollars – for a few banks 5,000 dollars – a serious loan without Credit Bureau information from a Swiss bank can only be applied for through a credit intermediary. The central sign of the seriousness of the agent is that the agent does not charge any upfront costs, but only an appropriate success commission.