Anyone who has debts and a corresponding negative entry in the Credit Bureau or other information files has a problem. With poor creditworthiness, life becomes problematic from an economic point of view.
It is no longer possible for the consumer so pre-burdened to conclude a cell phone contract, to finance a car, and it often becomes difficult to rent an apartment. One way out would be for many to get a loan to pay off their debts and thus get rid of the registration.
The problem with this is that it is incredibly difficult to get a loan despite debt in Germany. Every now and then a house bank agrees to make an exception with a longstanding, previously exemplary customer. But these exceptions are becoming increasingly rare, especially in times of the economic crisis. Often the customer has only the humiliation of a rejection and a new damper in the hope of being able to pay his debts.
A way out of the dilemma?
So how and where do you get a loan despite debt? Even with negative Credit Bureau there are ways out of the misery. For example, some service providers offer car leasing without credit information and yes, there are also banks that do not obtain Credit Bureau information and grant a loan despite debt. For these institutes, the only thing that counts is the earnings statement, which at best should not have any attachments, and possibly a security like a car or
Real estate assets.
On the Internet, providers can easily find a loan in spite of debt or broker, the application is usually quick and easy. The only downside is that the interest is sometimes above the usual loan interest of a house bank, which is justified by the increased risk for the lending bank. In any case, every consumer should be well informed and advised on what is the right path for them and should not be afraid to take advantage of Credit Bureau-free services in order to restructure their financial situation and improve it again in the long term.