If you are looking for a loan provider without credit bureau, you will hardly find anyone who would describe themselves as "dubious". Opinions also diverge in forums and rating portals. So it can happen that there is a negative experience next to a positive one. And so it is not uncommon for people to be unsettled and do not know if and whom they can trust. We try to take away these uncertainties.
Loan provider without credit bureau
There are now many loan providers without credit bureau, which can be divided into a few groups so that you first get an idea of where the borrowed from
Money comes from.
The first group of providers are so-called credit intermediaries. They are neither banks nor personal loan providers, but simple intermediaries who act between prospective creditors and banks. Your earnings consist of agency fees, which borrowers pay in addition to the interest.
The best known are Credither, Creditend and Viloan. These credit intermediaries have been on the market for a long time, they do not charge any processing fees and, according to various rankings, they mostly have positive ratings.
The second group of providers are personal loan providers. Zaloan and Smunix are the best known providers in this category. The difference to the credit intermediaries lies in money providers. These are not banks, but private providers. Zaloan, Smunix & Co act as an intermediary between private individuals and prospective customers, and accordingly charge commissions for this.
There are many providers of credit bureau-free loans, and not all of them can be described as serious. Nevertheless, there are various features that distinguish trustworthy from dubious. For example, the first will never ask for payment for the inquiries, even offers remain free and non-binding.
However, you can quickly identify a reputable provider even from an advertising presence alone: The pages are usually professionally structured and have an imprint and contact details.
Our main page shows a provider ranking of top rating portals, from which you can see how and on which portals various providers were rated. Everything clearly and clearly, so that you can form your own opinion.
Conclusion: In order to avoid the unpleasant surprises, one should take the time and do some research before deciding on a provider. If you have made a decision, you should be aware that credit bureau-free loans are slightly more expensive than normal loans. It is because credit intermediaries hedge themselves with slightly higher interest rates. After all, they provide loans to people who have mostly been previously rejected by a bank. The risk of default is higher, and so are the interest rates. Of course, you should only take out such a loan if all other options have been exhausted.