A Swiss loan for unemployed people without Credit Bureau, what is it? Who offers this loan and what needs to be considered. The answer gives you the answer to these questions. He also shows alternatives if the Swiss loan should not work.
Swiss credit for unemployed people without Credit Bureau – what is it?
A Swiss loan for unemployed people without Credit Bureau is a special loan from abroad. Although the name points to Switzerland as the country of origin of the loan, the loan can come from any country. Switzerland is only the namesake, as the majority of the lenders come from the Alpine Republic. There were comparable loan offers from Spain, Ireland and Cyprus, at least until the height of the euro crisis.
Against the background of inconsistent credit protection requirements, it is possible to grant a foreign loan to people who are rejected domestically. The credit became particularly famous through the option of renouncing Credit Bureau. The Credit Bureau loses its omnipotence as a reason for refusal of credit.
In line with this, the loans offered are aimed specifically at people in difficult financial situations. Without any other credit hopes, these people are entirely dependent on these risk loans with their credit desires. For this, they not only pay increased financing costs, but must constantly expect to fall for a dubious provider.
Risks and problems with foreign loan offers
Foreign loans, such as the Swiss loan for unemployed people without Credit Bureau, are rarely advertised by direct providers. Most of the time, credit intermediaries are behind loan advertising. They do not grant the loan themselves, but prepare the application so that it can be assessed by their partner bank. The borrower cannot see at first glance whether it is a serious offer. It is not uncommon for dubious traders to try to take advantage of the financial emergency.
Your offer is the business of hoping for a loan that, realistically, cannot be approved. With the demand for an advance cost compensation – in advance – they try to cheat their customers. They also “help” improve the credit outlook by doing commission business on the back of customers. A life insurance policy can be sold in this way or the customer can be persuaded to move his account to an expensive specialist provider. As a rule, however, there is no credit for the cheated customers.
Who is realistically qualified for Swiss credit without Credit Bureau?
Only applicants whose Credit Bureau entry has already been completed have a realistic chance of getting a loan without Credit Bureau. Under these conditions, property collateral or guarantors even enable a low-income loan. However, the loan volume is very small compared to the collateral. Additional costs for the financing risk must also be expected.
If the Swiss loan for unemployed people without Credit Bureau is rejected, there are very few alternative credit opportunities left. A personal loan or social loans would be an alternative.