Anyone who can prove a bad Credit Bureau knows the problem: They are rejected by banks because the creditworthiness has dropped sharply and often there is a loan rejection. Banks do not accept any exceptions, because after all, the aim is to keep the credit default risk as low as possible.
Banks earn money with every loan they give, but lose it when a customer is unable to pay. So there are countless rejections. Customers must bear in mind that binding inquiries for a loan are already noted in the Credit Bureau. So you should try to find another solution.
Which solutions can be used?
If you have a fixed salary, are of legal age and also have an unlimited employment relationship, you can easily choose a Credit Bureau-free loan without any upfront costs. This is not granted by German banks, but is instead granted abroad. Now nobody has to think that they have to go abroad to apply for a loan.
It is much easier! The customer looks for a credit broker, either on the Internet or through a newspaper advertisement. He is familiar with a Credit Bureau-free loan without any upfront costs and works exclusively with banks that also grant this loan.
What does a Credit Bureau-free loan include without upfront costs?
A Credit Bureau-free loan with no upfront costs is granted on fairly good terms. For example, the applicant often does not have to specify a purpose and the credit amount is freely available. As in Germany, the loan installments are repaid in monthly installments. It is often even possible that a special repayment can be agreed. In this way, the customer can increase the loan amount up to a certain percentage a year or two months and can therefore pay off the loan amount more quickly.
The main advantage of this is that it saves interest that is paid out at the end of the term. The credit is neither noted in the Credit Bureau, nor does the customer have to fear that it will be checked when the application is made. So the Credit Bureau can be kept clean. No bank will see the old loan in Credit Bureau for later loans that can be taken out in Germany if the creditworthiness has been improved.