It’s so beautiful: Once in the clutches of Schufa and it’s over with the financial flexibility! And there is undoubtedly a lot of truth in it, because who has a negative entry in the SCHUFA, who has definitely significant difficulty to open an account to get a credit card or even a loan. It is considered a person with a SCHUFA entry simply as “untrustworthy or someone with a non-existent payment moral!” Whether it is justified or not to be so stamped, it should not be highlighted here, but rather an offer that exactly human served with a SCHUFA problem: the loan without SCHUFA .
The solution: The loan without SCHUFA?
It is no wonder that people who do not get loans from their bank due to a negative contribution in their Schufa file or for other reasons, see in a loan without Schufa a last resort out of a financial misery. But what about this form of credit?
Advantages and disadvantages of a loan without Schufa
In general, a loan without SCHUFA is actually only useful in two situations: on the one hand, if the borrower wants to keep his Schufa file clean and, on the other hand, if existing credit debts should be replaced in the form of a controlled debt restructuring. In addition to advantages such as the quick, on request, anonymous settlement and the possibility of free use of money brings a loan without Schufa also some disadvantages and risks. Thus, the higher risk for the lender often leads to higher fees plus interest and a limit on the loan – usually a maximum of 4,000 euros are available.
Who seriously offers a loan without Schufa?
Basically, in the offers for a loan without SCHUFA is usually the question in the room, who is actually behind these loan offers or loans such? The answer to this often stumbles many people, because they are often quite regular banks. Admittedly, it’s not the big banks that catch us every day as we walk through the city. No – they are smaller, often lesser-known banks and often also banks based in other European countries. This is often the name of a “Swiss credit” synonymous with a loan without SCHUFA.
Beware of dubious providers
Incredible offers can usually be identified quite quickly by a few simple criteria. For example, credit intermediaries, which are frequently active in this market for schufa-free loans, should in principle offer their services without obligation and free of charge. Reputable credit providers also usually have a free service hotline and a real existing business address. Also, the transmission of the contract documents required for the conclusion, whether digital or in writing, should not cost the borrower anything. In addition, no reputable provider will grant a loan without demanding collateral such as salary statements or the like. If the creditworthiness is checked neither at the Schufa nor on the payslip, non-performance-related up-front fees are incurred or salary assignments or blank remittances are expected – hands off! Then it can be assumed that the loan offer is not on a serious financing background.
Credit without Schufa – really that easy?
Many providers advertise in the highest terms for a loan without Schufa – so we also from Mother Courage and we are synonymous. It is also true that it is not so difficult to obtain a loan without SCHUFA or a burdened SCHUFA. But and this is exactly what we would like to point out here: There is always the possibility that even a schufa-free loan can be refused!
For example, unemployed applicants have little chance of obtaining a loan without Schufa if they can not provide adequate collateral or a loan guarantee. The same is often true for self-employed and freelancers. However, if all prerequisites – for example for our mini loan – are met, there is a good chance of a Schufa-free loan.