Swiss loan without upfront costs

What should you watch out for with Swiss credit at no extra cost? Who grants these loans directly, what does the foreign bank’s credit bureau-free loan solution cost? The article provides you with detailed information on Swiss credit without credit bureau.

Swiss loan with no upfront costs – advertising

Swiss loan with no upfront costs - advertising

A Swiss loan is advertised almost without exception by the credit brokerage industry. By promising not to charge upfront costs, the seriousness of the loan offer should be underlined. The media often and vigorously warn against dubious providers who want to enrich themselves in a variety of ways with prospective customers. Reputable credit brokers only charge a performance fee, payable only if the credit brokerage is successful.

Anyone who turns to a credit agency with their loan request should still not be too blue-eyed. Prepayment is by no means the only way to let prospective creditors streak. It is no less dubious to put a prospect of debt restructuring on the loan prospect instead of a mere loan brokerage order. If you are really crushed by your debts, you should go to a debt counseling service and ask for help there free of charge.

The trick is no less unfair to ask prospective creditors to call you back on a service number. Apart from a high telephone bill, the prospective customer usually has nothing in their hands later. So roughly the last thing anyone who is in a credit crunch needs is a savings contract or insurance. Any additional capital commitment reduces the chances of getting a loan.

Without credit intermediaries directly to the credit bureau-free loan

Without credit intermediaries directly to the credit bureau-free loan

Not every credit broker who offers a Swiss loan with no upfront costs has bad things in mind. It is also much more convenient to hire a reputable broker, such as best bank, than to apply directly. On average, a credit intermediary charges about three percent commission for its performance. With a classic loan without credit bureau, just over 100 USD. However, if you really need a loan, every USD counts.

As far as is known, there is only one foreign bank that can legally offer credit bureau-free loans in Germany. That is best credit company from Liechtenstein. The range of offers of earlier times has disappeared, as have credit providers for credit bureau-free loans based in Switzerland. As far as is understandable, the last “real” Swiss lender was Fidium Finanz AG. After a long legal dispute, she had to stop working for borrowers residing in Germany.

A Swiss loan is not a credit without a credit check, as it could be derived in part from advertising. The creditworthiness is only not checked by the credit bureau information. The credit efforts can immediately stop who is entered in the public debt register. Querying the local debtor register is part of the standard check. The promotion of a Swiss loan with no upfront costs despite EV or arrest warrant is therefore completely exaggerated. There is also no credit bureau-free loan from the foreign bank with guarantors, for the unemployed or the self-employed. Income from dependent employment even plays a special role.

Swiss loan without credit bureau loan terms

Swiss loan without credit bureau loan terms

An open-ended, unconditional employment contract that has existed for at least 12 months is required. (Exception time soldier). In addition, no garnishment of wages may exist or the wages may already have been assigned. A net income is expected to be well above the individual garnishment exemption limit. All of the following figures relate to the direct application for the loan. The stated annual percentage rate includes all costs for non-cash payments. Only third-party costs cannot be recorded (certification, broker, cash payment).

The specified reference income relates to a single applicant without maintenance obligations (as of October 21, 2013).

A Swiss loan with no upfront costs can only be applied for in two loan amounts. Credit variant one comprises a net loan amount of 3,500 USD. An effective annual interest rate of 11.62 percent is calculated. A total of 4,238 USD must be repaid in 40 equal monthly installments of 105.95 USD. The minimum net working income is USD 1,130 a month.

Credit option two comprises a net credit volume of USD 5,000. In this case, 11.61 percent effective annual interest is calculated. The loan can also only be repaid in 40 equal monthly installments. Each monthly installment is $ 151.35. A total of 6,054 USD will be paid off. This credit opportunity only exists if a net work income of at least 1,600 USD can be proven.

People who cannot meet these criteria have practically no prospect of a Swiss loan with no upfront costs. If the loan request is rejected, it does not help to make a new application – under the same sign – through an intermediary.

Credit without credit bureau query comparison.

Comparing a loan without a Credit Bureau query makes it difficult for loan comparison portals. There seem to be no neutral comparison offers. The article will inform you about the comparison options available for Credit Bureau-free loan offers.

Credit without Credit Bureau query – comparison of offers

Credit without Credit Bureau query - comparison of offers

The possibilities for a loan without Credit Bureau request are widely advertised. Neither direct credit providers nor neutral comparison portals are hidden behind the advertisements. The question arises why nobody – neutral – puts a loan online without a Credit Bureau query – comparison or comparison calculator. People who are looking for a loan without Credit Bureau query are almost always dependent on any savings option. A direct comparison of Credit Bureau-free loans would specifically lead to the bank that offers a suitable offer for the individual creditworthiness situation.

The help through real comparison options, such as a credit comparison calculator that lists all eligible credit institutions, is still sought in vain. Ranking lists can be found, which then declare a credit broker as the cheapest provider. Unfortunately, these lists also do not provide any comprehensible information about serious alternatives or even real credit institutions.

The reason for the secrecy is very simple. The market for Credit Bureau-free loans was rendered practically provider-free in 2009 by a judge’s decision. The court prohibited the largest loan provider for Credit Bureau-free loans from doing business in Germany. As far as is understandable, the competition was also affected by the judgment. All credit providers for Swiss loans without Credit Bureau ceased operations in Germany. Only since 2010 has there been a credit bank again, as far as is known, the only one that can legally offer Credit Bureau-free credit solutions for Germans.

In the case of a legal provider, to which all reputable credit intermediaries relate as far as possible, the possibility of comparing providers is excluded.

Credit without Credit Bureau query – Sigma credit bank or intermediary?

Credit without Credit Bureau query - Sigma credit bank or intermediary?

A loan without Credit Bureau query in the comparison of offers could only be serious between the direct offer and a credit broker. The winner of this price comparison would be determined from the start. It doesn’t get any cheaper or faster than applying directly to the credit bank. According to Fine Bank from Liechtenstein, all credit inquiries are treated equally. There are no special conditions for submitting an application through a specific credit broker. (Source telephone service).

The only reason that can be applied for a legal Liechtenstein loan through an intermediary is convenience. Credit brokers can score with numerous service options, such as an online loan application or a preliminary credit check. Only the loan application and information material can be downloaded from the bank’s homepage.

Credit check for Credit Bureau-free loans

Credit check for Credit Bureau-free loans

Is a loan without a Credit Bureau query, compared to a normal loan, a loan without a credit check? Many prospective creditors ask themselves this question. No, there is no loan without a credit check. In the case of a loan without Credit Bureau, the creditworthiness is only checked differently. The Credit Bureau remains completely excluded. The employment relationship is first checked. Only employees subject to social security can qualify for a Credit Bureau-free loan solution. In addition, the employment relationship must exist for at least 12 months. The contract must not be limited. 

The amount of the net working income for 3,500 USD credit without Credit Bureau must exceed the individual garnishment exemption limit by at least 80 USD. Labor income may not be attached or ceded. It serves as the only credit protection for the loan. In addition, the public debt register is viewed to check the creditworthiness. Entries, such as the taking of the affidavit, are a knockout criterion for lending.

Credit conditions – without Credit Bureau direct loan application

Credit conditions - without Credit Bureau direct loan application

In principle, a legal loan without Credit Bureau from Liechtenstein is only offered in two loan amounts. It is possible to pay 3,500 USD at the APR of 11.62 percent or 5,000 USD at the APR of 11.61 percent. Repayment is always made in 40 equal monthly installments. The monthly installment for a 3,500 USD loan is 105.95 USD, for the larger loan amount it is 151.35 USD.

Conclusion: comparison of credit without Credit Bureau query

A real loan comparison, as offered by a loan comparison calculator, is not possible with a loan without Credit Bureau. As far as all research proves, currently only one provider may legally grant loans to Germany.

Ranking lists that come closest to a loan without a Credit Bureau query compare, if at all, only the conditions of the credit intermediaries. Those interested in credit who are concerned not with convenience but with price are better off with the direct provider. On average, direct application for a loan from Fine Bank can save about USD 100 in agency fees.

33,000 Dollar credit for self-employed – from 287 Dollar installment

If you are self- employed and need a 33,000 USD loan for the self-employed , you should prepare yourself for a difficult credit check. The self-employed cannot prove a secure income. That is why they are often rejected by banks.

What does that say?

What does that say?

This makes it clear how the interest rate and the term affect the credit rate. If you want a cheap 33000 USD loan for the self-employed, you should therefore make a loan comparison. If he chooses the appropriate term, the loan installment remains affordable. A long term brings a low credit rate but a higher interest rate.

A short term has a higher credit rate and a lower interest rate. In general, credit rates should be adjusted to income. If the self-employed expects a larger sum in a short period of time, he could choose a short term and then redeem the loan for the self-employed 33,000 USD. He can then expect a better interest rate.

Self-employed credit difficulties – reasons

Self-employed credit difficulties - reasons

If employees can justify their creditworthiness with proof of income, the self-employed have to submit significantly more documents for a 33,000 USD loan for the self-employed. The period of time for which the documents are extended is regulated differently from bank to bank. This can be evidence of the past three years, while others are satisfied with the last income tax assessment.

This makes it clear that banks cannot expect medium to long-term payment security. Many self-employed people may have experienced this first-hand. But is that the end of the loan for self-employed 33,000 USD. No, because there are also banks that specifically approve a 33,000 USD loan for the self-employed.

However, the term can also be increased for loans for self-employed 33,000 USD. Many borrowers often choose a term that is too short to keep costs down. It makes general sense, but it can also be an obstacle. Because a short term increases the credit rates, which in turn does not match the income.

Requirements – 33,000 USD for self-employed

A good point of contact is the Centi loan credit portal, which unlike many other providers, provides a 33,000 USD loan for the self-employed. The borrower must be of legal age and resident in Germany. A German reference account is also important. It is an advantage if you are self-employed for at least one year. The income should level off at 600 USD per month. At Centi loan, the self-employed receive immediate feedback based on the entered data as to whether the loan is being taken or not.

A tip for the self-employed:

Many self-employed people are well connected to the house bank. This may have accompanied the company for many years. Therefore, the house bank should be the first point of contact, even though they offer worse conditions. But the credit opportunities could be higher.

Use credit collateral to increase opportunities

Use credit collateral to increase opportunities

Anyone who has found a provider for his 33,000 USD loan for the self-employed can increase his credit chances if he can name a second borrower (spouse?) Or a guarantor. However, both persons must be solvent, ie have a secure income from a self-employed activity. They also need to be aware that in the event of a loan default, they will have to pay the loan. Other loan collateral would be real estate, endowment insurance or time deposits.

The loan was declined – and now?

The loan was declined - and now?

One of the most reasons for a loan refusal is the bad Credit bureau.If the loan for self-employed persons was refused USD 33000, the Credit bureau should obtain self-disclosure directly. Ideally before the loan application.

With this self-disclosure it can be seen exactly whether all entries belong to it rightly. Self-disclosure is free once a year. If there are outdated entries, they could be deleted. After that, the prospects could rise to a 33,000 USD loan for the self-employed.

However, the reason for rejection is not always a bad Credit bureau. It can also happen that loan applications with a good Credit bureau are rejected. Usually the credit request is too high and does not match the income. If the loan amount is reduced, the monthly charge decreases, so that the credit opportunities increase.

Alternatives to credit for self-employed 33,000 USD

Alternatives to credit for self-employed 33,000 USD

If the credit inquiries did not lead to a 33,000 USD loan for the self-employed, there is still the option of P2P – credit from private to private. There are credit platforms like Centi loan that bring private investors together with loan seekers.

With this type of loan, which Trucredit also offers, it is not the bank that decides, but the private investor. But of course not every loan request is fulfilled. However, if the loan seeker offers a pleasant rate of return to be selected by private donors, a loan for the self-employed could work out at 33,000 USD.