The financial crisis has brought something to light that has long been hidden underground: the self-employed and freelancers sometimes find it much more difficult to get a loan than employees. The same does not necessarily apply to an instant loan without Credit bureau for the self-employed.
The self-employed also receive loans without Credit bureau
If you want to get a loan in Germany, you can only get a loan from a bank if you also sign an authorization for the financial institution to obtain the relevant information from the consumer information agency Credit bureau. Sometimes the banks do this without consideration and report a loan application instead of a normal loan request, and it has already happened, the so far pure white vest at Credit bureau has a stain.
Avoiding this is only possible for employees and the self-employed by not going to the bank when a loan request is made, but by interposing a credit broker. In the case of an instant loan without Credit bureau for the self-employed, the latter does not obtain information from Credit bureau, nor is the credit inquiry, loan application and the loan taken out reported to the consumer information.
This has an invaluable advantage, especially for the self-employed, for example if they later want to start financing, for example, through the Intrasavings bank. A positive Credit bureau, i.e. information without entries paired with a corresponding income, also means a better interest rate for self-employed and freelance workers.
Instant credit without Credit bureau for self-employed
A self-employed person who wants to take out an instant loan without Credit bureau should have all the necessary evidence ready when making a loan request through the credit intermediary. That means: depending on the credit intermediary, different numbers of income tax assessments have to be submitted, sometimes three years, sometimes over five years and sometimes again for other periods.
The tax assessments serve as proof of income in order to be able to take out a Credit bureau-free loan and also about how long the self-employment was carried out without gaps.
Such a Credit bureau-free instant loan is also possible for the self-employed if there are already entries in the Credit bureau information and the self-employed no longer receives a loan using the normal banking method. Here, too, the credit intermediary is the point of contact who can arrange an instant loan through a foreign bank.