In recent years, so-called instant loans without Credit Bureau have been advertised more and more, which can be found above all in various advertisements on the Internet. Such advertisements suggest to every debtor that it is possible to acquire a loan without any problems and without presenting collateral.
Apply for a loan quickly
Indeed, there are a number of dubious service providers who want to take advantage of the financial weakness of many households and offer them credit on frightening terms. On the other hand, if you are interested in instant loans without a Credit Bureau check and want to do business with a reputable credit institution, you can expect that under normal circumstances and with a lack of creditworthiness, such a loan application should be rejected very quickly.
Existing Credit Bureau entry significantly lowers the credit rating
Instant loans without a Credit Bureau check are only granted today if recognizable collateral proves your own creditworthiness. This is possible, for example, if there is a sufficient amount of private assets or if an acquaintance or relative is willing to take out a guarantee for his own loan. For some years now, however, much stricter criteria have been applied here, since most banks and financial institutions have been increasingly forced to take a closer look at the creditworthiness of potential borrowers since the economic circles.
This applies especially if there is a Credit Bureau entry, which every reputable credit institution will in any case inform about before deciding on a loan. The only hope you can get for a quick loan despite an existing Credit Bureau entry is that the blocking period will soon expire, while you are no longer busy with the repayment of the first loan.
However, if this goal is still a long way off and accordingly immediate loans without a Credit Bureau check are more in the focus of interest, one should shy away from a too frivolous guarantee of the loan by the financial service provider and rather carefully review the conditions of the loan agreement in peace.