Loan despite credit bureau in 24 hoursOn December 9, 2019 by admin
Loan paid in 24 hours despite credit bureau, is such a promise realistic? If so, which loan offers are involved, who is granting the loan and which hook could be hidden?
Fast loan payment is an important decision criterion, especially for applicants with a negative credit bureau. We want you to actually get your money quickly, but not fall for unsubstantiated promises. For this purpose, we name real offers and explain why some similar advertising promises do not ensure a quick receipt of money.
Credit despite credit bureau in 24 hours – half-rate raises hope
With slogans such as – credit despite credit bureau in 24 hours – the advertising gives hope for quick credit. Interested parties whose regular house bank would generally not even be willing to allow a overdraft facility are targeted. The slogan is true for all loans offered in the market because the half-rate remains unfinished. Only the personal imagination ends the sentence in the head.
Born cynics would end the sentence with “… rejected in 24 hours or faster”. For credit intermediaries, the sentence is often “credit despite credit bureau, we respond to the application in 24 hours.” The two small examples prove that half-rates in advertising can be misleading. They are even with negative credit bureau, the media believes, is meant to do just that. Basically, we advise you to critically examine loan advertising.
Healthy distrust – loan advertising with negative credit bureau
The risks of searching for a loan despite credit bureau or without credit bureau are exaggerated in terms of media, but not excessively exaggerated. Some commercial brokers therefore only offer brokerage for special loans on request. Others try “mass instead of class” and go astray.
Advertising for credit bureau-free loans or quick loans despite credit bureau is unfortunately misused for “alternative business models”. A typical example would be the attempt to sell insurance, capital investment or a credit card to those who are visibly unworthy of credit – hoping for credit. The requirement for advance payment through cash documents on delivery could even be relevant under criminal law. Caution is therefore a good advisor.
Despite all the reasons to remain cautious, there is actually a loan despite credit bureau, which is applied for in 24 hours, legally binding, decided and paid out. In contrast to credit offers without credit bureau from abroad, even several commercial credit providers offer a suitable credit option for Germans. However, the loan models, especially with regard to the loan volume and interest rate, are by no means equivalent to the installment loan.
Mini loan despite credit bureau – even available in real time
A provider for the loan in spite of negative credit bureau in real time would be Fidor Bank. (Partner bank of cream bank). The bank offers holders of Fidor current accounts on a credit basis via its homepage, the Money Emergency Call button. The emergency money call is available around the clock and even on bank holidays for loan application, loan decision and payment in real time. However, the bank limits the loan offer to the sum of 100 USD.
The money would be paid out by transferring money, making the mini loan automatically available in real time at any ATM.
Astro Finance from Berlin is considered to be the market leader among credit providers for microcredit in Germany. Among other things, the loan is paid out in 24 hours or faster despite credit bureau. “So slow”, 24 hours for application and credit procedures until payment, is only possible for first-time applicants at Astro Finance. Existing customers who have already repaid a microcredit as agreed can apply for a loan with payment in 30 minutes.
For first-time customers, Astro Finance limits the possible loan amount to a maximum of 500 USD, the term is 30 days. Subsequently, if the creditworthiness is sufficient according to the criteria of the provider, a loan of between $ 100 and $ 3,000 can be applied for. With large loan amounts, the term can be up to 6 months. The disadvantage of the fast loan despite credit bureau are the interest costs. Borrowers pay 13.90 percent APR.
Time is money – don’t lose sight of interest rates
Fast credit despite credit bureau is needed. Nevertheless, people with poor credit ratings should not lose sight of the required financing costs. In the case of a small loan, to bridge a financial emergency, an interest rate in the “full” double-digit range may still be acceptable. For long-term loan financing as an installment loan, high interest rates and small installments mean that it would hardly be repaid.
If a larger sum is to be financed as an installment loan, a loan is applied for and paid out within 24 hours, despite credit bureau, not optimal. It would be better to take a little more time and wait for low-interest loan offers. Low-interest loans from private investors, for example for debt restructuring despite credit bureau, would be conceivable. It shouldn’t be a problem to choose a reputable private loan broker despite credit bureau.
The market leaders cream bank and Capital lender enjoy the best reputation for serious offers without “tricks and traps”. Both portals offer lenders and prospective customers the reputable environment for private lending. No borrower has to wait a long time for approved credit, as a bank takes care of the loan processing in the background.
But: despite credit bureau credit in 24 hours – legally binding applications, processed, decided and paid out, no portal can seriously promise private.