Borrowing money quickly means having a four-digit, four-digit amount within twenty-four or forty-eight hours. This is usually only possible with an instant loan without private credit. Only German and foreign online banks are eligible as lenders.
Self-report instead of private credit score
The creditworthiness of the loan seeker, ie his economic ability to repay the loan on time and in full, is checked by all banks and savings banks. The branch companies with their main branches, branch offices and local branches as well as the direct banks largely rely on the private credit information and the associated private credit score. Already with the slightest negative entry in the private credit database, a risk in the reliability of the loan seeker is seen therein, and the loan application is rejected. Online banks that offer their fast, express or lightning loans without private credit take a detailed self-disclosure of the loan seeker as the basis for their credit rating. The private credit score only evaluates the contractual spending behavior; The self-report also asks for the revenue of the applicant. It is, in fact, more comprehensive than the private credit information, and it must be completed both completely and truthfully; otherwise, the loan agreement will be retroactively redeemed.
Fast is often called higher interest rates
If you need money quickly and urgently, you are not paying close attention to the lowest interest rate. In this respect, the applicant is not choosy, because he would rather today than tomorrow have the money in the account or in the hands. The loan without private credit is granted by the online banks up to the amount of a middle four-digit euro amount. Loan amount and credit risk remain so manageable. The repayment term is usually limited to four to a maximum of five years. These benefits and the associated fast processing paid the loan seeker with a mostly higher interest rate. In return, he has achieved his goal, namely the fast and discreet credit without private credit .
Credit without private credit does not appear anywhere
Apart from the two involved lenders and borrowers, nobody learns anything about the instant loan without private credit, which is paid on request in cash, so that the current account remains unaffected. Since nobody knows about the credit, the private credit score is not affected. The calculates only what is entered in the private credit database of positive or negative information. The loan without private credit is not one of them. He literally stays out and does not burden the private credit score. If everything is right on both sides, then the loan without private credit can be available within two to three days. If one or the other document is missing, it quickly becomes an entire week.