If you have a negative Credit Bureau entry, you often turn on a credit intermediary to get him a loan that he can get even under these difficult conditions. In such cases, however, these credit intermediaries often make an advance payment a requirement in order to start looking for a suitable loan. However, you can also get a loan without upfront costs and without Credit Bureau if you only search in the right place.
The loan without upfront costs and without Credit Bureau: Why do you need a credit broker at all?
The protection association for general loan security has set up a huge system in the Federal Republic, which goes far beyond its original purpose of securing a loan. However, this original purpose also remains. Credit Bureau stores older loans and regular payment obligations and also registers exactly whether you have always met your obligations, be it installment payments for loans or other bills, in accordance with the contract.
The fact that Credit Bureau has now built such a large system around itself means that practically all Cream banks are involved. Anyone who has already paid credit installments too late can be sure that a new loan application will be made known to the bank via Credit Bureau. Lending in the Federal Republic is almost impossible. At that moment, credit intermediaries are advertising that they can solve these problems.
The loan without upfront costs and without Credit Bureau: What credit intermediaries do and how the upfront costs arise
The credit intermediaries see themselves as brokers. This means that they look for suitable offers according to the customer’s specifications and convey them to their clients. In order for agents to be able to carry out this task appropriately, they have first-class contacts in the financial scene and have a network that also extends abroad. Just like brokers in other industries, however, they also want to earn from what they do. Therefore, you usually collect a success commission.
At first glance, the system makes a lot of sense. Because this increases the pressure that the brokers actually open suitable offers for their customers. However, some intermediaries require prepayment, especially when it comes to difficult cases, such as a loan without Credit Bureau. If you want a loan with no upfront costs and no Credit Bureau, you’re actually planning to bypass these providers.
The way to a loan without upfront costs and without Credit Bureau
In this regard, you have two options: Either you let the intermediary completely out of the loan search and try to use the Internet to establish contacts with banks that offer loan offers that match your own requirements, or you have to sort the intermediaries by quality and reputation. This is also done with the help of the Internet. Nowadays the network has become a very well functioning quality control. This means that you can quickly find pages on the search engines in which customers describe their experience with credit intermediaries and make recommendations or rejections. So you can easily find a reputable broker who works without prepayment.