To obtain a loan despite Credit Bureau and probationary period is at least not intended in the banking system, since the borrower then has very little or no creditworthiness. With the lack of creditworthiness, there is of course no credit line with which the bank could work. This is primarily due to two factors that reduce creditworthiness to zero.

Negative Credit Bureau entry

Negative Credit Bureau entry

On the one hand, a negative Credit Bureau entry is always bad for evaluating the creditworthiness, because a flawless Credit Bureau entry also serves the bank as a kind of evidence that the candidate has always acted honestly financially in the past. There are also lenders who do not completely check the Credit Bureau (e.g. Swiss banks), but they are rather rare and often linked to a higher income.

This results in the second negative factor of the candidate, because it is extremely rare to get a loan during the trial period. This is simply because the bank can hardly plan at all with a person who is currently still in the trial period.

The current employment, including regular income, can be terminated at any time on the part of the employer, which would result in a situation in which the borrower is suddenly unemployed and, in all likelihood, cannot pay the installments.

Personal loans as the only way out

Personal loans as the only way out

If you need a loan despite Credit Bureau and a trial period, all you have to do is go to your private environment. There are two options for borrowing for the loan candidates. On the one hand, an attempt can be made to persuade a person from the immediate vicinity to give a guarantee. A guarantor increases the creditworthiness for a loan enormously and is therefore always suitable, since it can also compensate for the bad creditworthiness of the borrower.

The guarantor himself must have at least a regular income, but ideally an above-average high income paired with a flawless Credit Bureau entry. The guarantor must therefore put forward almost everything that the borrower cannot provide as collateral. In return, the guarantor does not receive anything at all, because he only bears the risk of the borrower defaulting, but does not receive a percentage of the total amount from the loan.

Therefore, in spite of Credit Bureau and probationary period, only persons who are very close to and trust the borrower are suitable as guarantors for a loan. An alternative is, especially for smaller sums, a loan from the private sphere from a private lender – the classic money lending “among friends”.

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