Consumers often base their creditworthiness primarily on their credit rating, while financial institutions use other factors such as household income and job security to assess creditworthiness in addition to providing credit protection.
Credit Bureau information with more than one soft negative entry almost always leads to a credit refusal, with only a weak negative characteristic different banks grant a loan after an individual case check. As an alternative to a German contractual partner, the loan without a credit rating from Switzerland offers itself. Several federal banks offer one for an amount of 3500 USD, some increase the possible loan amount to 5000 USD. The payment is always made in USD so that the bank customer does not bear the additional risks of a foreign currency loan.
The basis for a credit with no credit rating from Switzerland is that federal financial institutions do not make a Credit Bureau request. In any case, you are not entitled to make an inquiry to the German credit protection agency because you are not a Credit Bureau member. Existing negative entries at Credit Bureau therefore do not have any effect on the lending, at the same time the credit bank does not report the lending to Credit Bureau.She carries out a regular request for tasks comparable to those performed by Credit Bureau ZEK, but the information provided only contains data from already credit agreements entered into in Switzerland.
Directly from a Swiss financial institution, the credit without credit from Switzerland is only given to employees whose income is higher than the attachment limit. Since this increases with the number of family members to be maintained, the minimum income required for married applicants increases compared to a single. Swiss financial institutions only rate income from their main job as income; child benefit and any additional earnings are not taken into account.
At the same time, the Swiss financial institutions set a maximum age for borrowing, which is mostly between 53 and 58 years. Thus, the credit without a credit rating from Switzerland actually places high demands on the creditworthiness and only leaves the Credit Bureau outside when determining the credit rating. If you do not meet all the requirements for a direct applicant, you can still get the Swiss loan by using the services of a reputable credit broker.