Unpaid bills or late payments for a loan or a hire purchase are the most common negative features at Credit Bureau, and that’s the end of a loan. The banks check the Credit Bureau before a loan approval to avoid defaults. What remains for those affected is a Credit Bureau-free loan. There are many portals on the Internet that advertise with a quick loan even in difficult cases. In order not to fall for wrong providers, one should pay attention to the warning signs.
What are the warning signs?
If advance payment is required in the offers, insurance is to be taken out or even a representative visit is announced, then caution is advised. These are the typical warning signs that this quick loan is not right, even in difficult cases. The providers are less concerned with the well-being of the customers, but rather do business in their own pockets.
Almost all roads lead to Liechtenstein
Cancellations by banks from Germany do not have to mean the end of the credit request. Rather, there is a real alternative that is also serious. Anyone looking for a quick loan even in difficult cases will inevitably be presented with offers from the Cream Bank in Liechtenstein. It is currently the only foreign bank that has a license to do so. If you want to take out a loan there, you can save yourself long waiting times that would otherwise arise with an intermediary.
The bank has a website where a loan can be applied for online. In this way, the customer can also save the comparison portals on which dubious providers can also be found. This bank also grants loans if the German banks’ Credit Bureau check has been negative. However, the consumer has to be prepared for high interest rates.
The following loans are available:
Loans with 3,500 USD and 5,000 USD (depending on income). The annual percentage rate for both loans is just over eleven percent. The term of 40 months is fixed. For the borrower, this means that he has to expect monthly installments of USD 105.20 or USD 150.30. This is the status of May 2016. You can get the latest information on the bank’s website.
Fundamentals of a bad Credit Bureau loan
The use of debt counseling is much more sensible than a new loan. It is of little use to those affected if a new loan is taken out, especially since it is not certain that Cream Bank will grant one at all. Debt counseling helps to get order into the financial chaos and also contacts creditors to make payments in installments.