Anyone wishing to make purchases in this country often uses a loan. As a rule, borrowing is also easy and problem-free. But only if the external framework is right. This includes a clean Credit Bureau file and a corresponding income with a permanent job.
This situation appeals to the banks and the loan is quickly approved. Each bank carries out a Credit Bureau query before lending. If abnormalities such as negative entries are stored in it, the creditworthiness is questioned and the loan is rejected. Credit Bureau is a credit bureau that tests the creditworthiness of its customers, such as banks, companies and service providers. Negative entries as they arise from judicial reminders are a reason for refusing a loan. But there is still a loan with Credit Bureau and guarantor.
The loan with Credit Bureau and guarantor
For many loan seekers, a normal loan is out of the question. The bad Credit Bureau is the obstacle. Banks do not lend because the credit risk appears too great as a default. The alternative option is a loan with Credit Bureau and guarantor. The guarantor is liable for a loan with Credit Bureau and guarantor for the loan taken out. Before a guarantor signs the guarantee, he should be fully informed about his procedure. There are usually three criteria that are used to assess a guarantee.
On the one hand, these are the Credit Bureau information, the guarantor’s assets and the proof of income. The application for a loan with Credit Bureau and guarantor is the same as another loan. In addition to this contract, there is also the surety agreement, which serves as credit protection. Almost every guarantee is a joint and several guarantee, which means that the guarantor is liable for the loan and is immediately taken back by the bank in the event of default. For the borrower, the guarantee does not only have the approval of a loan, it does not need to provide any further collateral, such as real assets. A guarantee is not so well regarded at banks because the whole credit protection is based on one person.
A guarantee is by no means a favor that can be quickly sent to a good friend. By signing the loan agreement, the guarantor is liable for this loan with all his assets. If the borrower encounters payment irregularities, the guarantor must pay the installments then incurred. If a guarantee is signed and the economic situation of the guarantor is also not the best, it can result in financial ruin. That is why the Federal Court of Justice ruled that a surety is not legal if the guarantor is in debt and catapulted into financial disaster.
According to this judgment, banks particularly check the economic situation of the guarantor, even the household bill, which is also drawn up with the guarantor, is carried out more strictly than with the borrower. A guarantor should also know that a guarantee is entered in his Credit Bureau and this can reduce his own credit rating. If you give your signature for a loan to someone else, you should think carefully about what you are doing. With a guarantor, the bank will certainly agree to a loan with Credit Bureau and guarantor. The guarantor is the credit protection.
Alternative Swiss loan
An alternative option for a Credit Bureau-free loan is to take out a foreign loan. The donors mainly come from Switzerland and offer loans where Credit Bureau information is not obtained. For a loan seeker who no longer receives a loan from a normal bank, this seems a good alternative. However, the loan amounts are limited. They are awarded from 3,500 USD to 5,000 USD depending on the credit rating. If you need more money, you can get a loan with a higher loan amount by naming a guarantor and having a good credit rating. As previously described, the guarantor must be fully informed about his guarantee. He must also have a good income that comes from a permanent job. Likewise, the Credit Bureau must not contain any negative characteristics.
Swiss credit can help a loan seeker out of a financial crunch. These loans are offered by credit brokers almost without exception. The brokers offer their services on the Internet with full-bodied advertisements. But mostly there is nothing but hot air behind it or it is dubious offers. With a reputable credit broker, no upfront fees may be charged and no insurance may be made dependent on a loan commitment. Calculating home visits that did not take place or were not wanted at all are also signs of dubiousness. Reputable financial service providers will only settle their commission and other fees after the loan approval.