Consumers sometimes refer to the pre-cost charged by some credit intermediaries as prepayment. This term fits because they must pay the appropriate amounts before forwarding their loan application. The calculation of advance costs is, however, in principle inadmissible, so that reputable agents waive the advance payment and charge their clients only a reasonable agency commission after the actual loan payment.
It is thus possible to apply for the desired loan, despite private credit without advance payment. Loans despite private credit are colloquially loans with a negative private credit entry. According to customary bank accounts, these also include entries marked as completed, although the credit protection classifies these as neutral features.
The loan from a Swiss bank
The most well-known loan despite private credit without advance payment is the private credit Swiss loan. The federal and some Liechtenstein banks will award this amount in the amount of € 3,500 or € 5,000, whereby the entire loan settlement for German customers will take place in the European single currency. Prerequisite for the lending in Switzerland is a regular income, which clearly exceeds the attachment exemption amount. The Swiss banks do not include tax-free salary components or child benefits when they perform their credit check.
Self-employed persons and freelancers can apply for a loan in spite of private credit without advance payment at some Liechtenstein financial institutions, which use the same modalities as the Swiss credit houses when processing the loan.
Even though lending takes place without the participation of private credit, no borrower can simultaneously take out two loans from different Swiss banks. The local financial institutions report the lending to the Swiss credit protection and ask this a routine request. The German private credit entry is irrelevant for this, since there are no data from credit agreements concluded in Germany.
Loans from a German financial institution and through a credit intermediary
Contrary to a widely accepted assumption among bank customers, it is not completely ruled out to successfully apply for a loan from a German financial institution despite private credit and without payment in advance. For most domestic banks, any negative feature in credit reporting is indeed an exclusion criterion for lending. However, individual banks expressly state that they favorably review loan applications for just a soft negative entry. It is worthwhile to apply for a loan despite private credit and without advance payment with these financial institutions, since their interest rates are usually lower than the lending rates of the Swiss federal banks.
Another way to obtain a loan from a bank despite private credit and without advance payment, is the appointment of a reputable credit intermediary dar. This asks for loans from domestic banks as well as foreign financial institutions. In addition to lending without private credit, it is also possible to pay out a loan despite a negative entry in a credit inquiry.
About a credit intermediary are in a Swiss loan despite bad private credit and without prepayment amounts over 5000 € possible. The service provider usually passes on the request not only to federal banks, but also to financial institutions from other states. In contrast to the Swiss financial institutions, British banks carry out the lending predominantly in their own currency, so that it is a foreign currency loan.
As an additional service, the intermediary compares different credit offers available despite negative private credit and proposes a favorable loan to its client. When commissioning a credit service provider, consumers make sure that they do not demand advance payment. A mediator that calculates a fee as required by law in case of success has its own economic interest in the fact that its customer actually receives the desired credit.
The ideal loan despite private credit and without advance payment is not only associated with low interest rates, but also offers the possibility of a partially flexible repayment. In particular, the right to suspend once a year, if necessary, or within two years at a monthly rate, facilitates redemption in the event of unexpected expenditure or lack of revenue, thereby preventing a second private credit entry. Also helpful is a contractual agreement on a possible amortization plan change during the term. Evidence in credit assessments of the currently accommodative behavior of a bank in such cases is common but does not provide assurance that a financial institution will maintain its current business policy in the future. The right to premature repayments is interesting in the case of loans, despite private credit,
The organized personal loan
As an alternative to a bank loan, a private loan is available despite private credit and without advance payment, which can be applied for via various brokerage platforms. The platform operators only charge the borrowers a reasonable usage fee when the loan is actually paid, while a loan request is made free of charge.
About the disbursement decide on the appropriate platforms, the private lenders according to their own criteria. Many of these deliberately support borrowers who are unlikely to get a loan from a traditional bank due to bad private credit information. As a further decision criterion, most private lenders use the information on the planned use of funds, so that they should be as comprehensive as possible.
In part, the platform operators allow credit seekers to hide credit information from potential lenders. Experience has shown that it is better not to make use of this permission, because private lenders generally reward complete information by quickly drawing a loan request.