Many people complain when they need a loan. On the one hand, they see the money that can help them out of their financial difficulties or that helps to transfer the long-cherished wish into reality. However, they also see the risks associated with a loan. Adding to this insecurity is aggravating the fact that many banks sometimes find it difficult to grant a loan under certain circumstances. For example, a bad credit rating.
The German banking system relies on collateral and continuity. With a bad credit rating one does not offer these two points in the eyes of the banks and savings banks, since a bad credit rating usually only comes about, if one has not met previous installment agreements on time.
Therefore, you have to go for a loan with bad credit, other ways to have a chance on such a loan.
Independent loan intermediaries
A first option can be found here with independent credit intermediaries. These advertisements mainly on the Internet and in daily newspapers and offer the mediation of various types of credit. The credit intermediary works with a variety of lenders, who then decide on the loan application. If it comes to a loan, so you can decide between a loan, which is either registered in the private credit, or not. However, one has to keep in mind that loans with a bad credit rating and a credit intermediary are usually accompanied by a higher interest rate and a processing fee. In addition, the processing fee must always be paid. Even if the loan does not materialize.
The loan from abroad
Another option for a creditworthy loan is a loan from abroad. Here, in most cases, you are not interested in the German private credit and the chances of getting a loan are therefore very good. However, you have to pay attention to some things here. Thus, banks from abroad also demand a fixed and, above all, regular income that has to be proven. In addition, one should be able to present a good concept for the use of money, so that the bank also sees that the money should not be “only” used for a holiday or the like, but meaningful and worth increasing.