Most banks obtain information from Private credit checker to check the creditworthiness of a loan seeker. If negative characteristics are noted in the Private credit checker information, no loan is usually granted. But there is still the alternative to a loan, the loan without Private credit checker information with immediate approval. This form of credit is equivalent to an installment loan and is repaid in small monthly installments. For many loan seekers, quick processing and immediate approval of the loan request are important.
The loan without Private credit checker information with immediate approval
A loan without Private credit checker information with immediate approval can be applied for on the Internet. It is advisable to use a credit broker to get the loan. Immediately after receipt of the online loan application, he will review it and, if necessary, give the immediate approval. The loan application is then sent to the applicant, who has to sign it and send it back with the required proof of income.
After that, the loan amount is usually immediately transferred to a checking account, which happens within one to two days. However, a cash check can also be requested, so that the house bank, for example, is denied access to the money required. In any case, a loan seeker can assume that a loan without Private credit checker information with immediate approval will not be recorded in any Private credit checker. The actual bank and the employer do not learn anything about this loan. This form of credit also has an advantage, the applicant’s creditworthiness is not reduced, since there is no Private credit checker entry.
However, the applicant must be able to prove an income that is above the garnishment limit and is employed. The employment relationship should last at least six months. Housewives or a self-employed person cannot use a loan without Private credit checker information with an immediate approval, since they usually have no regular income.
The foreign loan
In the case of a loan without a Private credit checker query but with immediate approval, the foreign loans, also known as Lite Lender loans, have become established. The credit intermediary used will negotiate with these banks and give the applicant immediate approval. The provision of regular and sufficient income is relevant as collateral for these loans. The rate and the terms are set by the Lite Lender banks. Since the creditworthiness is based only on the income, the loan seeker should consider whether he can easily meet the future installment obligations.