Life sometimes has quite unexpected twists and turns. Everything is going just fine, the income is right and the family is doing well. And a little later everything is upside down. Finances get mixed up and it is not uncommon for chaos to be accompanied by one or more negative entries in Credit Bureau. If you want to save what can be saved, you usually have to do without the help of a classic loan. This is simply not awarded in the case of a negative Credit Bureau.
Before the chaos takes its course and there is a risk of over-indebtedness or the like, a Credit Bureau-free loan from Liechtenstein should be considered. It has various advantages, but is also linked to clear conditions. We have put together here for you how the loan is structured and where you can find it.
What is a Credit Bureau-free loan from Liechtenstein?
Credit Bureau-free loans are probably more familiar to you under the term “Swiss loan”. Because Switzerland as a reputable banking country is often used for advertising purposes for such loans. In reality, loans that get by without asking Credit Bureau come mainly from the small Principality of Liechtenstein. There are also various reliable and discreet banks that are happy to help out with one USD or another in financial emergency situations.
This financial aid also comes at a price. Because the interest on such loans is significantly higher than with conventional loan offers. But if you urgently need money and don’t get it due to a negative Credit Bureau in Germany, you will probably like to overlook this fact. In addition, a Credit Bureau-free loan from Liechtenstein is only offered as a small loan. But he is not only available to private individuals, but also to the self-employed and freelancers with a good income balance.
Why does this get along without asking Credit Bureau?
The question of why Credit Bureau is not relevant for such loans is answered quite simply. Banks or companies that have no permanent seat in Germany are not authorized to query the data in the information file. This means that the banks from Liechtenstein have absolutely no way of obtaining information about the financial behavior of their prospective creditors. This may be unfortunate for banks, as they have to look for other collateral to secure their loans. However, this is a very big advantage for the borrower. Because he can cover up financial sins from the past and clean them up with the help of the loan before they cause even greater damage than this is already due to the negative entry in Credit Bureau.
So if you have problems with Credit Bureau, you are well advised to consider a loan from abroad. However, be sure to compare several offers with one another and always ask who is behind the individual offers. Do not get involved with dubious credit intermediaries, but establish contact with the relevant banks yourself. So you can be sure that you get what you really want.
What conditions does a Credit Bureau-free loan from Liechtenstein require?
A Credit Bureau-free loan from Liechtenstein is not available to every consumer. Even if this is often suggested. In spite of all this, it offers itself as an excellent alternative if borrowing is made difficult by a negative Credit Bureau.
For example, a Credit Bureau-free loan from Liechtenstein requires a fixed and high income as a basic requirement. And you have to be able to prove this. The bank that grants you the loan wants to see various income certificates as well as a fixed employment contract as proof. You also need to state what cost of living you have each month so that the bank can see whether you can afford the loan or not. As a rule, it must be signed as a garnishment permit if the installment payments are not serviced regularly. In addition, a Credit Bureau-free loan from Liechtenstein is only available as a small loan.
So you can see that this loan is not given lightly and that the bank, even if it is located abroad, protects itself quite well. Only plan to take out such a loan if you have no chance of obtaining a regular loan in Germany. We recommend that you always exhaust all options (guarantor, co-applicant) in Germany before you apply for a loan from abroad. This is definitely easier, faster and cheaper.