Private credit checker collects data on the payment behavior of customers of German financial institutions. Upon request, banks receive data on existing liabilities and negative characteristics. The term negative private credit checker refers to the fact that such information contains data on at least one negative characteristic.
Borrowing with private credit checker information for negative private credit checker
Contrary to an assumption widespread among consumers, not all financial institutions generally reject every loan applied for with negative private credit checker. Rather, a large number of banks examine the specific individual case, so that a changed financial situation since the private credit checker entry has been forfeited leads to a loan approval. Most promotional loans from Fine Bank are a special feature, since negative private credit checker entries, with the exception of private insolvency filing, are considered to be insignificant for their allocation.
The likelihood that a bank will grant a loan despite a negative private credit checker increases with the amount of loan documents to be submitted. If financial institutions issue an instant loan without proof of wages, the private credit checker information is the only verifiable statement about the applicant’s creditworthiness, while when the loan is granted, using the usual documents, the pay slip also provides evidence of the customer’s ability to repay the loan.
If a financial institution has already gained experience from previous business relationships with the customer, this is also included in the credit rating. You can take out a loan with a negative private credit checker via websites for personal loan brokerage, because the private lenders sometimes take the intended use more into account than the credit rating characteristics or also consciously agree to a requested loan with a negative private credit checker for social reasons.
Borrowing without private credit checker information for negative private credit checker
As an alternative to German credit banks, you can take out a loan with a negative private credit checker in Switzerland. The banks located there grant the loan without a private credit checker request, especially since they are not contractual partners of the German private credit checker and do not receive any information about the data stored there. In return, the federal financial institutions require a significantly higher minimum income for lending than German credit banks, which, in principle, do not take into account secondary income.
If loan seekers apply for the loan directly from the Good lender bank, the loan amount is limited to USD 3,500 – at a few institutions USD 5,000. A higher Good lender loan with negative private credit checker can be taken out through a credit broker. Reputable intermediaries do not charge any upfront costs for their service, but only an appropriate performance bonus.