Virtually everyone in Germany can have a rather poor credit rating. If you have only forgotten to pay your installments or bills once, this will directly affect your credit rating and pose major problems when you have to apply for a new loan. In this case, however, there is a certain type of credit or loan: the instant loan without a credit check.
What is an instant loan without a credit check?
Basically, all the peculiarities and advantages of this loan are already mentioned in the general term. Because if you decide on such a loan without a credit check, the lender does not check the creditworthiness of the borrower. Because information is normally obtained from Credit Bureau for every loan application; in the event of negative information, the loan is in most cases denied directly. This means that people with a credit without a credit check have the chance to receive the money they need or want, even with a negative credit rating.
What are the basic conditions of this loan?
Basically, the fact that Credit Bureau refrains from asking is the only special feature that the instant loan has without a credit check. Otherwise, as with the other loans, you have free choice in terms of term, amount and repayment. Most providers also have no nasty surprises when it comes to interest rates. Of course, these are a little higher than for a loan with a credit check, but mostly only slightly.
Where can you get an instant loan without a credit check?
More and more credit institutions and providers have specialized in this special type of loan. So today you can find various offers, with different terms and conditions, especially on the Internet from numerous reputable providers. Incidentally, a detailed comparison is worthwhile, especially on the Internet, through which you not only get a lot of trouble, but also a lot of money in the first place.