There may be many reasons why consumers in Germany do not want to apply for a loan. This can be negative credit bureau information, because without a good credit rating there would be no loan approval anyway. In principle, however, all loans taken out at German banks are reported to credit bureau.
There are quite a few people who disagree with it. Anyone who is entitled to credit bureau information can see this information. The only way to avoid this is to take out a loan from abroad.
Financial service providers broker loans from our neighboring countries
Swiss credit is the most common. It is not dependent on the credit bureau entries, because these are not queried at all. Any employee residing in Germany and at least 18 years old can apply for this loan through financial service providers. The interest rate is a little higher than at the banks in Germany, but it’s still worth it if you don’t want credit bureau to know about it.
When a loan has to be paid off
The loan from abroad is also often used by bank customers who already have to pay off a loan in Germany. Another loan request will rarely be successful unless it is soon paid off. Then you can ask the bank about an increase. However, if this is not the case, you should consider a loan from abroad. The fast loan is the best when it comes to quickness in processing.
Nobody learns about this here in Germany. It is therefore not only suitable for people with poor creditworthiness, but also for those who do not want to disclose their financial transactions to credit bureau. For many, this is going too far, but you can only protect yourself in Germany if you apply for a loan abroad.