Anyone who applies for a loan and knows that his negative Credit Bureau entries have long since been settled must still face some problems when granting a loan. There are currently no arrears, but some lenders still consider lending to be non-existent. So what needs to be done to get a loan despite the Credit Bureau entry being paid for?
The loan despite the paid Credit Bureau entry
Entries that are noted in the Credit Bureau are valid until they are completed. The entry will not be deleted immediately, even if the outstanding invoice has been settled. Every bank and every service provider that obtains information from Credit Bureau will see that there have been difficulties with repayment before, but that the entry is done. It is at their discretion whether the bank grants a loan despite the Credit Bureau entry being paid for.
A completed entry is normally to be viewed positively, since it shows that the loan seeker has eliminated the problem. However, this process remains in Credit Bureau for three years, despite having been completed. The solution to this problem lies in a loan despite Credit Bureau, which is advertised through credit agencies and is given as a foreign loan, also known as a Swiss loan.
The Swiss loan is an option
However, it should be borne in mind that the loan amount for a Swiss loan is significantly restricted. If you are satisfied with a loan amount of 3,500 to a maximum of 5,000 USD, a foreign loan can be the solution to your financial difficulties. The advantage of a Credit Bureau-free loan is that the customer’s creditworthiness does not deteriorate further due to the borrowing. A Credit Bureau-free loan is not passed on to Credit Bureau. However, there must be sufficient income subject to social security contributions.
In addition, the employment relationship must have existed for at least one year. The employment contract must not be terminated or limited. A credit attempt to obtain a loan despite the Credit Bureau entry being paid can also be made by a credit bank or by private donors. There are two major market leaders in this area, but they require a H score.
However, this can be achieved with a Credit Bureau entry. Both platforms offer free credit attempts, but they change when a loan is made. Then a commission is due for the service. In the case of a loan despite the Credit Bureau entry being paid, an established credit broker can serve well. These are known to all credit banks that grant Credit Bureau-free loans.