Getting a loan for the self-employed with a negative Credit bureau is no easy task. The self-employed and freelancers find it extremely difficult to find a loan under normal conditions. The contribution deals with the credit opportunities that can still be used in this situation.
Loan for self-employed with negative Credit bureau – a demanding loan request
The loan for self-employed people with a negative Credit bureau is an extremely demanding loan request, apart from the “roar of advertising”. In principle, of course, lending is possible without Credit bureau. Every day, credit intermediaries and a few direct providers manage to find a way to reconcile credit security and negative Credit bureau.
Nevertheless, it is the freelancers and “small” self-employed who suffer particularly from the Basel I-IV contracts. Basel II has ensured that the self-employed can hardly assume adequate credit supply via the regular credit system. In the meantime, the contract with the aim of making risk loans unprofitable has reached the fourth expansion. Swiss credit of earlier times can no longer be compared to today’s credit options.
When will the loan be approved without Credit bureau?
First of all, Credit bureau-free loans have to be divided into three groups. It is easy for civil servants and other public employees to get the loan without Credit bureau. Up to 7,500 USD are realistic without guarantors or property collateral. Group two includes people who have a good income in the free economy. Your credit limit is around 3,500 USD.
A basic requirement for granting a loan is that the entry has to be completed. In addition, the credit rating, this time based on the Credit bureau, must roughly correspond to characteristic H or better. The loan is approved after a salary assignment is signed. In the event of a problem, the lender has immediate access to the remuneration.
In the third group, the credit for self-employed persons with a negative Credit bureau falls. It looks bad without a guarantee from a solvent guarantor, better still co-applicant or high security. Exceptions to this “rule” are only made for lawyers and doctors. Your income is considered almost as secure as income from employment.
Way out of the credit crunch for the self-employed
Anyone who would like to neither mortgage the house or yard nor put an uninvolved person at risk could try a personal loan. A classification according to Credit bureau H also applies here in order to be able to apply to private donors.
The investors are mostly small investors who want to save their “savings egg” from the devaluation of the USD. Instead of watching their money in the savings book lose purchasing power, they try their luck with lending themselves. Comparatively small individual investments ensure a high level of capital splitting and thus a certain level of investment security. They can hardly make it worse than the stock exchange professionals.
Personal loans are not considered “systemically important”. They are therefore not under Bafin’s control or the effects of the Basel Treaties. As a result, lenders are really free to choose who to trust with their savings. The well-formulated wish for a loan for the self-employed with a negative Credit bureau therefore has chances of approval.