Many people have very little thought about Credit Bureau. Only when a bank refuses the loan does the topic usually come up. Often an unpaid mobile phone bill is enough to get a negative entry. With such an entry, it is almost impossible to get a loan because the banks fear a default. The alternative is a Credit Bureau-free loan from abroad.
These loans are offered on the Internet
A Credit Bureau-free loan from abroad is not offered at the house bank, it is only available on the Internet. Banks that offer such a loan are located in Switzerland or in Lichtenstein. Only employees get such a loan. Anyone who is self-employed or freelance must go different ways. An important point is that the amount of the loan is limited. An employee must be employed by his employer for at least one year, then he will receive a loan of 3500 USD, if he has been employed by the employer for at least 3 years, then it will be 5000 USD. If you are single and want a loan of $ 3500, you must earn at least $ 1130. If you have to support several people, you need a correspondingly higher income.
If you want such a loan, you have to fill out the application carefully. If any data is not filled in correctly, the application is canceled and the payment is delayed. The salary records of the last three months are also very important. Such a loan is neither requested from Credit Bureau nor is it registered at Credit Bureau.
Alternatives to a loan without Credit Bureau
An expensive Credit Bureau-free loan from abroad is not always necessary. There is no requirement that a bank must reject a bad Credit Bureau loan application. So if you have the necessary time, you can try it at a few institutes. If he can make a good impression and can make the reasons for the entry plausible, then it is quite possible that he will also get a normal loan.