Banks grant credit despite enforcement notice.

First comes the order for payment, followed by the order for enforcement. Debtors should therefore always open the mail that comes from the court, because a claim cannot be valid. What is an enforcement order? If an invoice is outstanding, the creditor sends the debtor an out-of-court reminder. Usually a debtor responds and pays the bill. If you cannot pay, you should contact the creditor and clarify the matter. If you now need a loan, you will find when applying for a loan that the enforcement order is entered as a negative example in your Credit Bureau. As a result, a loan is refused despite an enforcement order.

The loan despite the enforcement order – the prospects

The loan despite the enforcement order - the prospects

An enforcement order comes from the local court or another enforcement agency such as the tax office. An enforcement order does not arise for any vain reason, but there are payment problems with banks, landlords, mail order companies or telephone companies. First comes the order for payment, then the enforcement order if the loan seeker has not responded to the order for payment.

Even if the enforcement order has been issued, the debtor still has the opportunity to file an objection within 14 days. If the debtor also lets this period pass, there is nothing more he can do than pay the debt. If he does not do so, an arrest warrant can be issued or it will be enforced. The loan seeker should know that the bailiff can now force the debtor to take an affidavit. Creditors can enforce for another 30 years.

If the loan seeker does regular work, his wages are seized up to the exemption limit. The exemption limit is based on the marital status and any existing children. It has often happened that a garnishment did not work because the debtor’s income is below the garnishment exemption limit. As mentioned before, the bailiff or the creditor can then demand an oath of disclosure.

To do this, the debtor must disclose all of his assets. A loan in spite of an enforcement order thus seems to be hopeless. But what can the customer do?

The loan from abroad – an option?

The loan from abroad - an option?

Foreign banks from abroad can often help, especially in difficult cases. The Credit Bureau-free loans that come from abroad and for which Credit Bureau does not play a role, are also out of the question. The requirements of these banks state that Credit Bureau is left out, but the public debt register is inspected. To what extent the Infrabank has access to the public debt register should be asked. To do this, the customer can contact the bank on the Internet.

There, the bank will then see that a serious negative feature is an enforcement order. This is an absolute credit exclusion also for the foreign loan. Although the loan only grants two small loans despite an enforcement order from a foreign bank. The income must show an attachable share, so a single person must earn 1,600 USD net so that he receives a small loan of 3,500 USD.

In addition, the loan seeker must provide evidence of a permanent job that has existed for at least one year. The employment contract may not be limited in time and may not include a trial period. Temporary employment contracts are also a reason for exclusion at these banks. Unemployed or self-employed are excluded from this loan despite the enforcement order.

The unemployed receive state benefits that cannot be seized and the self-employed have no stable income. To do this, the customer must be of legal age and reside in Germany. If you want a loan from abroad despite an enforcement order, you must be at least 18 years old and not older than 58 years.

The bank comes from Liechtenstein and is called Litebank. The extent to which this bank grants a loan in the event of an enforcement order should be asked whether it has any insight into the public debt register. The customer can contact the bank on the Internet.

The loan despite the enforcement order – debt restructuring?

The loan despite the enforcement order - debt restructuring?

A loan in spite of an enforcement order is a difficult matter. Especially since the creditor can collect his claims for 30 years. If a loan is necessary in these circumstances, the loan seeker should ask himself. He cannot hide this fact, since banks, telephone companies, landlords, everywhere the partners who work with the Credit Bureau, query the Credit Bureau, where the enforcement order is kept as a hard feature.

Debt restructuring, which is often the lifeline in such cases, is also difficult to obtain. Debt restructuring also has to be approved by a bank. This would require a conversation with the bank, from which it can be seen that the customer does not want to incur new debts, but rather wants to combine all of his liabilities into one loan. Of course, this also means that the outstanding liabilities that led to the enforcement order are settled.
The customer only knows whether a bank has declared itself ready when it asks.

The possibilities

The possibilities

However, the possibility of paying the installment to the creditor remains open. No creditor will oppose this because he wants his money back. Even if an agreement has been reached with the creditor, there is no credit. The reason, the hard negative entry remains visible in the Credit Bureau.

If the debtor has now paid off his debts, the Credit Bureau only makes a note as done, the entry remains visible for three years. To what extent a bank agrees to this remains to be seen. It will be an arduous task and it can also be dangerous. Because in financial need, many loan seekers accept a loan offer, even if it would normally be unacceptable.

The loan, despite the enforcement order, is often offered by dubious credit intermediaries. You promise a loan and ask for advance payment or preliminary costs. Sometimes a home visit is made to urge customers to take out an insurance contract, which increases the chances of getting a loan. There are other fraudulent procedures, such as calling expensive hotlines, where the customer should then receive important information about their credit despite the enforcement order.

He will receive nothing because he will be connected from device to device in order to hear “nothing” at the end. The result is a hefty phone bill and an insurance contract that he doesn’t need.

Perhaps there is a real chance in mail order. If the customer is an existing customer there and has always paid the installments on time, the customer could at least order consumer goods such as a washing machine or a stove there. However, it ends at 1000 USD, because then the mail order company will also query Credit Bureau.

In general, despite the enforcement notice, there is to be considered that there are basically no funds available to service a loan. The other way to order from a mail order company is to order through a good friend. But then you should be so fair and pay the installments to your boyfriend or girlfriend.


Right of withdrawal for loans – statutory right of withdrawal after concluding a loan agreement

Every borrower is entitled to a statutory right of withdrawal after concluding a loan agreement (Sections 495 (1), 355 BGB). The right of withdrawal extends not only to customary installment loans but also applies to a car loan, call credit or a building loan. If the borrower exercises his right of withdrawal, he is no longer bound by his declaration of intent to conclude a loan agreement with the lender.

Credit Withdrawal Requirements

Credit Withdrawal Requirements

The borrower has the right of withdrawal for a period of two weeks after submitting his declaration of intent. The revocation must be sent to the lender in text form, but does not have to contain any reason. If the borrower is considering a revocation, the legal exclusion period of two weeks must be observed. If it passes unused, the borrower is bound by the contract. It is therefore always advisable to document the timely revocation and its acknowledgment by the lender as evidence. The borrower should therefore withdraw by registered post. The corresponding delivery note from the postal official documents the timely access to the recipient.

Lender’s duty to provide information

The two-week cancellation period is set to run when the borrower has been informed of his right to cancel upon conclusion of the contract by means of a clearly structured instruction in text form. The written notification must not only contain comprehensive instructions on the details of the right of cancellation and the expiry of the deadline, but also the name and address of the person to whom the cancellation is to be declared.

Consequences in the event of a violation of the duty to provide information

The withdrawal period can also be extended under certain conditions. On the one hand, this is the case if the cancellation policy only takes place after the contract has been concluded. Then the cancellation period is one month. If – as in the case of a credit contract – the contract is to be concluded in writing, the cancellation period also begins to run when the borrower has been given a contract document or his written loan application or a copy of one of these documents. If this is not the case, the right to withdraw expires at the latest six months after the contract is concluded. However, an exception will be made if the borrower has not been informed or has not been properly informed about his right of withdrawal. In this case, the borrower has an unlimited right of withdrawal.

Cancel credit

Cancel credit

If the possibility of a revocation is ruled out, but the borrower still wants to withdraw from the contract, termination should be considered. Consumer credit law grants the borrower an ordinary right of termination for ordinary installment loans and an extraordinary right of termination for loans secured by mortgages (sections 489, 490 BGB).

The ordinary right of termination also distinguishes between termination of the contract with a fixed interest agreement and variable interest.

Unsubscribe from fixed interest rates

If the loan agreement is based on a fixed-rate agreement, the borrower has the first opportunity to terminate the contract six months after receiving the full loan with three months’ notice (section 489 (1) no.2 BGB).

This legal regulation can also be found in the credit terms of banks for loans with a fixed interest rate. As a result, the borrower can always terminate a fixed-interest loan agreement with a three-month notice period after the so-called six-month blackout period.

The borrower has another option to terminate the contract if an agreed fixed interest period expires and he does not conclude a subsequent agreement with the lender. Under this condition, the contract can be terminated by the borrower with a notice period of one month , but at the earliest for the end of the day on which the fixed interest period ends (§ 489 Paragraph 1 No. 1 BGB). Accordingly, notice of termination can only be given for the expiry of the day on which the fixed interest rate ends if a contractually agreed adjustment of the interest rate is made in certain periods of up to one year.

In any case, however, the borrower has a right of termination ten years after receipt of the loan in full with a notice period of six months (Section 489 (1) no.3 BGB).

Unsubscribe at variable interest rates

Unsubscribe at variable interest rates

If, on the other hand, the loan agreement is concluded with a variable interest rate, the borrower can cancel at any time with three months’ notice (Section 489 (2) BGB).

The law basically considers the borrower to be in need of protection in the case of loan agreements with variable interest agreements. In this case, the risk of an additional financial burden due to interest rate adjustments is practically constant for the borrower. Therefore, he should be able to withdraw from the loan agreement under easier conditions.

Ineffective credit termination

Consumer credit law places the effectiveness of the loan termination on a clear condition. If the borrower makes use of the right of termination, he is obliged to repay the loan amount within two weeks after the termination takes effect (Section 489 (3) BGB).

The termination becomes effective upon receipt and acknowledgment by the lender. From this point on, the statutory two-week period runs. If the loan is not repaid on time, it must be regarded as irrelevant.

No exclusion of the right of termination

The borrower’s right of termination cannot be excluded or made more difficult (Section 489 (4) BGB). General terms and conditions (GTC) or loan terms of the credit institutions can therefore in no case legally shorten the borrowers’ termination rights. Appropriate credit contract terms would be legally irrelevant from the outset.

Conditions to avail the Credit Bureau-free credit from abroad.

Banks in Germany have clear rules when it comes to lending. There the income is checked, the Credit Bureau and the employment. If a customer can fulfill these three approval criteria, his credit request will be fulfilled. But often loan seekers have negative entries in the Credit Bureau, which nullifies a conventional loan. There is a Credit Bureau-free loan from abroad for these customers.

Credit Bureau-free credit from abroad – the conditions

Schufa-free credit from abroad - the conditions

But sometimes it is not just the negative entries that do not fulfill a credit request. Income is often too low or the loan seeker has a temporary employment contract. These circumstances make it difficult to borrow. If the customer knows in advance, if he has a temporary employment contract or an income that does not have a garnishment limit, he will not come for a Credit Bureau-free loan from abroad. With this constellation, he should be able to name a second borrower or a guarantor so that he can get a loan from a German bank.

A Credit Bureau-free loan from abroad is on the Internet and is heavily advertised. The loan is called Swiss credit and has been on the credit market for many years. When looking for a loan, the loan seeker should know that the more compact and lurid the advertising for these loans is, the more the customer has to be careful not to get to a dubious credit broker. The customer can recognize this from the fact that a dubious credit broker requests prepayment or prepayment before the loan approval. In general, an intermediary may only calculate the commission due to him after the loan approval. In many cases, the commission comes from the banks and the customer is included in the loan agreement.

However, very few contacts would come about for a Credit Bureau-free loan from abroad. Often these banks have not provided a loan application, so a credit intermediary has to do it. In general, a credit broker is not to be demonized, because even in particularly difficult cases, he can still provide his customer with an acceptable loan. A Credit Bureau-free loan from abroad now almost exclusively comes from Liechtenstein. Until 2009 they came from Switzerland. But due to internal bank events, these banks were prohibited from granting German loans.

Lite Bank has been doing this since 2010. It has adopted the same terms and conditions for this type of loan. In general, these loans are awarded so that Credit Bureau is not queried, and the loan is not entered. The loan seeker must provide permanent employment with a corresponding income. There are three loan amounts that are approved.

A Credit Bureau-free loan from abroad has the following conditions:

A Schufa-free loan from abroad has the following conditions:

The $ 3,500 loan is repayable in 40 monthly installments at a rate of $ 105.15, the total loan amount is $ 4,206.00, the effective annual interest rate is 11.12%, which results in a fixed borrowing rate pa of 8.84% over the entire amount running time.

The USD 5,000 loan is repayable in 40 months at a rate of USD 150.20, the total loan amount is USD 6,008.00, the annual percentage rate is 11.11%, which results in a fixed borrowing rate of 8.83% pa ​​over the whole Running time.

The $ 7,500 loan is also repayable in 40 months at a rate of $ 225.80, the total loan amount is $ 9,012.00, the effective annual interest rate is 11.11%, the committed borrowing rate pa 8.83% for the entire term.

Despite contrary opinions and so-called studies that a Credit Bureau-free loan from abroad is hardly approved, is not correct. If the loan seeker can meet the above information, he will also receive a loan from abroad. The customer only has to be careful when choosing the credit intermediary. The Credit Bureau-free loans are booming and with it so-called black sheep who want to enrich themselves from the financial hardship of loan seekers. This means that preliminary costs and prepayments are permitted, and the signing of dubious insurance contracts is also not legal.

The loan seeker should look for a loan broker who has years of experience in this area and who can do without lurid advertising. TÜV-certified agents can also be trusted. The customer submits his loan application to the intermediary, who will then make a preliminary loan approval based on the entered data and send the customer which documents are required to check the creditworthiness. Contrary to statements to the contrary, the creditworthiness is very well checked, only the Credit Bureau is left out.

If the customer has sent the necessary documents by post, he must first carry out the Postident procedure, which is only a recognition of his person. If the bank has found the documents to be good, a final loan approval will be given. The whole procedure takes up to 8-9 working days.

The customer should also know that the Credit Bureau will not be viewed, but the public debtor directory will. If there are entries such as bankruptcies, foreclosures, oaths of disclosure or attachments, the foreign bank will not approve any loans either. After the loan approval, the bank will instruct the money within 24 hours.



In times of limited employment contracts and unemployment, many people are in financial need. There are more debtors in Germany than ever before. The number of customers with low credit ratings is increasing more and more. The rush for the Credit Bureau-free loan from abroad proves this. The regulations of banks have also tightened, it is no longer so easy to take out a loan.

If you are in need of money and need short-term funds, but the Credit Bureau is bad, the customer could possibly have a disposition set up in a conversation with the bank or increase the existing one. If an urgent invoice has to be paid or an urgent repair has to be carried out, the overdraft facility could be the solution. However, it should only be used for a short period of time because it is expensive. Here, the interest rate is also in the double-digit range. There are banks that demand a full 15% for the overdraft facility. If the customer overdraws the granted credit line, the bank charges another 5%.

Cheap credit – you can apply for an installment loan from the bank

Anyone who needs money in a manageable framework today has various options for fulfilling some wishes with additional money. If it is a cheap loan, you can apply for an installment loan from the bank. On the other hand, as a bank customer you can also apply for a overdraft facility. The overdraft facility is an agreed overdraft facility for the checking account. The customer may overdraw his checking account within this overdraft framework. Interest rates for this overdraft facility are, however, comparatively high. As soon as money arrives in the account, the overdraft amount is reduced. Only interest is added to the amount by which the account is overdrawn.

The installment loan has a different approach.

The installment loan has a different approach.

It is initially a normal loan for a certain amount. When the contract is concluded, the loan amount, the interest rate and the contract duration are determined. The monthly rate then remains the same until the end of the term of the contract. With an installment loan, the interest rate is significantly lower than with an overdraft facility. The advantage is that the loan is cheaper with clear terms. There is also a fixed date when the loan will be repaid. With a overdraft facility, however, the account owner can quickly get used to the fact that he has always overdrawn the account. It is therefore more difficult for him to bring the current account to plus.

Overdraft facility due to the low interest rates

Overdraft facility due to the low interest rates

The installment loan is in most cases a cheaper alternative compared to the overdraft facility due to the low interest rates, but if it should be quick, an urgent loan is recommended. It is suitable for planned purchases that exceed the current account. Such an acquisition can be financed in a very manageable and calculable manner. With a defined contract term, repayment is secure and leads to financial discipline.

Bank offers loan for single people.


If you are single and have no children and you also have an acceptable income, you can take out a loan for single people from any bank. The income, the Credit Bureau and the permanent employment are the three approval criteria prescribed by the banks.

The single loan – an overview

The single loan - an overview

Generally, a loan for single people can be approved provided that the single person meets the credit conditions. Banks understand this to mean an income that is above the garnishment exemption limit. The Credit Bureau must be impeccable, it must not contain any negative entries. A permanent and permanent job is required. However, problems can arise if the necessary creditworthiness is insufficient. Banks want collateral, they want the certainty that their customer can pay the loan back.

It is women who face discrimination in the labor market. Studies show that they still earn 18% less than men in the same position. The customer is free to choose where the single person loan is taken out. He can go to his house bank and apply for a loan there. As described above, the bank will check how creditworthiness and the Credit Bureau. If there are no abnormalities, the loan is approved,

But it won’t happen that quickly, because the bank, regardless of whether the house bank or the Internet bank, will draw up a so-called household bill. She will review the client’s income and expenses. If the test shows a positive balance, i.e. if there is a remaining amount, the credit for single people could well be successful on approval.

Every loan seeker should also draw up their own budget statements before applying for a loan. In this way it can be checked whether a monthly loan installment fits into the monthly budget. In addition, the rate should always be adjusted to the income. An affordable rate arises when the term of a loan is chosen to be a little longer. A short term brings high rates, but the loan is paid off faster.

The location

The location

If you accept the offer from the house bank without comparing it with another lender, you may be giving away cash. Because the branch bank does not always have the best conditions for the house bank, on the contrary, they have worse conditions than, for example, an online bank or a direct bank on the Internet. But ultimately this is the customer’s decision. Anyone who appreciates the personal conversation at the house bank will also select this when lending.

The financial situation of a single person can of course not be compared to that of a couple. The single person has only one salary, the couple can usually be presented with two incomes. Therefore, the income must be high enough to be able to pay a loan for single people alone.

The single family also includes, of course, single mothers, where children are included in the household bill. However, one should know that neither child benefit nor child support payments are counted as income by the bank. These payments are not attachable, that’s the only reason. Since these funds are not taken into account, a loan for a single mother can be refused because the actual income will then not be sufficient.

However, there are single persons who are considered to be single before the law, but still live in a partnership, so there is the possibility that the partner as a second borrower or as a guarantor also signs the loan for single persons. Here the bank should differentiate between what is single and what is living alone.

When single people get to know a partner and a cohabitation is established, a new apartment is often moved into and purchases have to be made. However, there could be difficulties with a new loan for single people that a loan must already be paid. A debt restructuring might make sense here. Both loans are merged and signed together with the partner.

The bank could possibly insist on a prepayment penalty, since it loses planned interest due to the early repayment of the loan. The bank would like to compensate for this loss with a prepayment penalty.

The guarantee and the residual debt insurance

The guarantee and the residual debt insurance

If the situation is not sufficient, a loan could still be granted with a guarantor. The guarantor could come from the family, but it has to be solvent. The bank will examine this extensively. That would be the income, the permanent position and the Credit Bureau. If the characteristics are green, the bank will recognize the guarantor.

However, the surety must be informed in detail about the guarantee, which also poses a great risk. If there is a loan default on the part of the borrower, the guarantor must continue to pay the loan. Quite a few guarantees resulted in the guarantor being ruined financially.

If the income situation is not so generous, some banks insist on taking out residual debt insurance. However, the loan approval must not be made dependent on this. This insurance protects the borrower against sudden unemployment or a serious illness with subsequent disability, and it also applies in the event of death.

But these insurance companies have so-called pitfalls in the conditions. The insurance only pays if contributions have already been paid for six months and if the unemployment is not due. But these insurance policies are very expensive. The customer decides to what extent it is worthwhile. It would not be recommended for a small loan amount.

The bad Credit Bureau

The bad Credit Bureau

If the single person has a bad Credit Bureau and needs a credit for single people, the Credit Bureau-free credit remains. Foreign banks from Switzerland and Liechtenstein offer loans to Germans who have negative entries in Credit Bureau. However, these loans are mostly processed through credit agencies.

The loan seeker must also meet conditions such as sufficient income and a permanent position. Three loan amounts are approved, 3,500 USD, 5,000 USD and 7,500 USD. The terms and the rate are standardized and cannot be changed. These loans are also more expensive than a conventional loan and should therefore only be taken out if there is an urgent need for money.


Loan without certification – you will find it in these banks!

Strong pressure from loan companies meant that some banks decided to become more involved in the small cash loan market. As part of the current Recommendation T (from 2013), the Good Finance investment Corporation provided for the possibility of granting certain loans on simplified terms.

Several banks decided to use the solution introduced by the GFI. The clients of these institutions can receive quite a lot of money without asking the employer for employment and income certification.

As part of the promotion, you can receive up to 200,000 USD “as proof” …


After analyzing the current market offer, it turns out that three leading banks have prepared interesting offers for loans and loans granted without income certificates (see the table below). Honest Bank’s offer certainly deserves a special mention .

The said institution proposes, among others, “4.9% loan”, whose holder may receive up to USD 200,000 without attestation of income. In the case of an amount not exceeding USD 15,000, there are additional promotional conditions (interest rate: 4.90% and preparation fee: 6.00%).

However, it is worth noting that the simplified credit procedure applies only to people who previously had relationships with the bank and have income obtained, e.g., under an employment contract or civil law contract.

Importantly, the promotional 4.9% Loan was intended for customers who currently do not have another cash or consolidation loan at Honest Bank.

Take a promotional loan without leaving your home


It is a great advantage to be able to take a promotional loan without leaving your home. Similar restrictions do not apply to another Honest Bank offer – 5% loans with a guarantee.

As part of the said loan, the bank pays up to USD 4,000 based on an income statement and personal account history. As in the case of the 4.9% Loan, the customer does not have to buy the insurance and open a new account.

An additional advantage of 5% loans is the guarantee of the lowest installment and the possibility of receiving funds without leaving the house.

Cooperative Bank without a loan borrows much more than USD 4,000. Based on the income statement, the bank will pay up to USD 17,000.

It is worth noting that when borrowing money for a period of 3 months to 48 months, Cooperative does not charge a preparatory commission. Money for a maximum of 4 years can also be borrowed by Good Finance.

The loan from this institution has a small value (up to USD 3,500), but is available at every branch of Good Finance and paid during one customer visit.

Bank loans without income declarations


Honest Bank Loan 4.9% – a promotional loan of up to USD 200,000 without income certification, is available to people who previously had relationships with the bank and have income e.g. on account of an employment contract, work order or day contract.

One promotional loan with an interest rate of 4.90% is intended for a person who does not have another cash/consolidation loan at Honest Bank.

The loan amount with an interest rate of 4,90% and a commission of 6,00% is up to USD 15,000. The maximum loan amount is USD 200,000. Repayment period up to 144 months. In the case of a repayment period not exceeding 36 months, a fixed interest rate applies. Loan insurance and account opening are not mandatory.

The loan is available without leaving your home. A person who takes out a cash loan (under a simplified procedure) or a non-bank loan often declares his income as part of his declaration. You must realize that such a document, signed by the client, is the basis for granting the loan and has a great legal significance.

Providing false information about your income may be a crime.


Pursuant to article 297 paragraph 1 of the Penal Code: “Who, in order to obtain for himself or someone else, from a bank or an organizational unit conducting similar economic activity pursuant to an Act or from an authority or institution, has public funds – credit (…) presents (…)

An unreliable written statement regarding circumstances of material significance for obtaining the aforementioned financial support, payment instrument or order, shall be punishable by a term of imprisonment from 3 months to 5 years “.

Payout in 24 hours – Sometimes it is necessary to get a loan quickly

The reasons are different, there are urgent bills to be paid or an urgent repair must be carried out. Sometimes things have to be done quickly if, for example, a warning is ignored and more stringent measures are threatened, such as an attachment. To get funds quickly, a loan is requested in 24 hours.

The fairy tale of the credit in 24 hours payment

The fairy tale of the credit in 24 hours payment

Advertising on the Internet suggests a loan seeker a loan within 24 hours, credit with a bank transfer in half an hour on the account. These are all empty promises that cannot be realized at all, as no bank can check the customer’s creditworthiness so quickly. In the case of an online loan, for example, the postal route is between the loan application and the loan approval. The postal route alone may take two to three days.

No bank will grant a loan without checking whether the loan seeker can pay a loan at all. The bank checks the income, the Credit Bureau and the employment. As proof of this, she needs proof of salary and the employment contract. The Credit Bureau is queried by herself. Account statements also require lenders, from which the customer’s account movements can be seen. With these documents, the bank gets an idea of ​​the customer’s finances.

The Credit Bureau exam is one of the most important approval criteria that banks carry out. From this, she can see what her customer’s payment behavior in the past was like. If the Credit Bureau is charged with loan cancellations, foreclosures or judicial reminders, a loan will not be approved in a 24-hour payment. The bank is simply too high the risk of default that the loan seeker will not or cannot pay the loan in 24 hours.

However, the customer can work on the speed of his loan approval himself. The necessary documents should be carefully compiled and sent to the post office quickly. With the signed loan agreement and the postident procedure, the documents are sent to the lending bank. The longer the customer delays this, the longer he has to wait for his loan to be paid out in 24 hours.

Even if the documents are sent quickly by post, it still takes up to two days for the documents to reach the bank. The check will take another two days, but then the credit will be transferred to the account in 24 hours. The customer can still request a wire transfer, but it is always the same way from the loan request to the loan approval.

The quick loan

The quick loan

While online mail must be used to check creditworthiness, a loan seeker can get a loan in 24 hours from a branch bank, for example his house bank. If the customer has the necessary documents together and brings them to the bank, the bank employee can check them immediately. The Credit Bureau is also queried, which takes only a few minutes. Within an hour, the loan is approved in 24 hours payment and can be paid out immediately in cash or to the account.

Of course, the customer’s credit rating must be good and negative entries in his Credit Bureau must not be present. The income must be high enough, a permanent job is required. Pensioners can also get a loan if their pension is suitable. He then has to submit the pension notification. Age restrictions must also be observed. The customer must be of legal age and must not be older than 70 years. The income must not be pledged and there must also be no hard characteristics in the Credit Bureau, such as loan cancellations, oath of disclosure or enforcement notices.

The overdraft facility is also a quick loan. Banks make the overdraft facility available to their solvent customers, sometimes without the customer having to do anything when opening an account. A call to the bank is often sufficient and the overdraft facility is set up or increased. Depending on how high the income is, the bank approves up to three net monthly salaries. However, the overdraft facility is expensive, it has an interest rate of up to 15%. If the customer exceeds the approved credit line, the bank will charge another 5% interest.

If the bank charges such a high overdraft rate, the customer should perhaps look for another bank. About 10-11% are normal for the overdraft facility. A cheap bank can be found with a credit comparison. The customer should then carefully review the conditions. Even long-time customers should not necessarily stay with their expensive bank, they are giving away cash.

The customer should know that a disposition should only be used for a short time. It is okay if it is balanced again within three months. At the latest when the incoming salary no longer covers the overdraft facility, a loan in 24 hours payment should be considered.

The bad credit rating

The bad credit rating

However, the above suggestions are only for the customer whose creditworthiness is good. This means that his income must be above the garnishment exemption limit and his Credit Bureau must be faultless. If, on the other hand, he cannot prove a clean Credit Bureau, negative entries are noted, he will not receive a loan from a conventional bank.

In this case, there are non-Credit Bureau-free loans from abroad. They have been coming from the bank mainly from Liechtenstein since 2010. The bank is reputable but has fixed requirements. As mentioned above, the income must be correct and there must be a permanent job. The employment contract must not be limited and there must be no trial period. The employment must exist for at least one year.

These loans are processed by credit intermediaries. However, when commissioning an agent, care must be taken to ensure that it is serious. If the preliminary costs or the signing of insurance contracts require it does not work seriously, the customer should then look for another intermediary.

However, the bank only provides two loan amounts, one for 3,500 USD and one for 5,000 USD. The terms of both loans are 40 months, the interest rate 11-12%. An example: A single must earn 1,160 USD net in order to receive the 3,500 USD credit.


Borrowers needs to have guarantor to take credit.

Nowadays, taking out a loan is no problem at all.

Nowadays, taking out a loan is no problem at all.

Financial bottlenecks arose quickly, so you have to look around for a solution just as quickly. With a loan you can bridge these bottlenecks and keep the usual life game.

The creditworthiness of the applicant always determines whether the loan is approved. It must match the loan amount and therefore must not be too low. But sometimes it happens that the creditworthiness is not sufficient to take out a loan. In such a case, a loan with guarantors has to help out so that a loan can even be obtained.

You always take out a loan with a guarantor if your creditworthiness is not sufficient to be able to take out the loan on your own. There can be several reasons for this. For one thing, the income may not be high enough. Or the loan amount is so high that the bank would generally not approve such a loan without a guarantor. No matter what the reason may be. A guarantor is never wrong with a loan because it always brings a lot of collateral and is so popular with banks.

What characteristics a surety must have

What characteristics a surety must have

A loan with a guarantor is only worthwhile if the guarantor has a very good credit rating. He must have a high income and must not work on an independent basis. In addition, he shouldn’t have to pay off a loan himself and shouldn’t have any other high financial obligations if possible. As a guarantor, you have to be aware that you are fully liable for the loan. If the main borrower can no longer pay the installments, the bank will use the guarantor for this.

Liability is always with the entire assets. So you should always think very carefully about whether you want to act as a surety or not. Especially when the loan amount is very high and the repayment takes many years. Banks may seize everything that is available for settlement.

The banks prefer a loan with an additional guarantor. This means that they have two contacts for the loan and can also bring two people to justice if the installments fail. You can hardly offer a bank more collateral. It is no wonder that the banks ask for a guarantor more and more and also presuppose this from a certain loan amount.