It is difficult to find a loan on acceptable terms as a successful entrepreneur, as well as a private consumer with a good Credit Bureau and a medium income. In this context, it seems all the more difficult to get a loan despite Credit Bureau and social assistance. And unfortunately it is also like this: with a negative Credit Bureau and government benefits instead of a salary or wages, the chances of getting a loan are relatively poor.
Because the creditworthiness, the most important criterion of lending banks, is severely limited with social assistance and a negative Credit Bureau information. Even if in reality you have an economical way of life and at the end of the month you still have money to pay off the loan despite Credit Bureau and social welfare, this fact is not even checked by most credit institutions and the application is rejected after these two Facts were mentioned. Nevertheless, the loan is possible despite Credit Bureau and social assistance, if not at every bank.
Use and request a credit comparison
It is important that you approach the topic without fear. Because if you don’t go on the offensive, it will be even more difficult to get a loan despite Credit Bureau and social welfare. However, you should not keep any relevant data in order not to maneuver yourself into legal difficulties.
With the online loan comparison, you have a quick and effective basis for gathering the most important information: the current conditions in terms of interest, the term and the monthly charge. You can also use the online loan comparison to find out the conditions for potential financially weak borrowers on the bank websites. Many credit institutions and credit intermediaries in particular grant a loan despite Credit Bureau, but other conditions should also be met for a loan despite Credit Bureau and social assistance.
Consult second borrower
You can get the loan despite Credit Bureau and social welfare if a trusted person of yours who has sufficient creditworthiness (regular, sufficient income, positive Credit Bureau) steps in as a guarantor and signs the loan agreement. This can be your spouse, but also one of your siblings or a good friend.
If it turns out that your potential guarantor would rather give you a loan on better terms, you should accept. However, in order to prevent any later disputes, it is advisable to draw up a real loan contract for the loan despite Credit Bureau and social welfare. You will find sufficient forms for this on the Internet.