Who is looking for a car loan despite credit bureau entry, it will not have it easy, but no one has to hang at this point the same head. The creditor gets the car loan despite credit bureau entry from a foreign bank or if he brings a solvent sponsor. With the German banks and credit institutes there will be no possibility without guarantee, because the positive credit bureau information is here a very important criterion. The banks in Germany have strict credit guidelines and thus a negative credit bureau entry is a credit exclusion criterion.
It can thus be said that if there is a negative credit bureau information that it comes to the credit rejection. There are exceptions in rare cases with a negative entry, because not all entries are equally serious. There may be one or the other lender looking over a negative entry. On the other hand, there is no chance of a loan for serious entries, and it includes features such as an affidavit, a warrant and the private bankrupt. With these entries in the credit bureau a bank rejects immediately.
There is the own information for prospective creditors
So if you are interested in a car loan despite credit bureau entry, should first check, since when and what is actually in his credit bureau. Once a year, the prospective creditors have the opportunity to obtain their own free information from the credit bureau. The interested parties can react accordingly, if you know the entries. It is relatively common that the entries can be cleaned up or are partly incorrect. Thus the prospective customers recognize, that it is without further collateral or generally with the German banks bad, if the car loan with negative credit bureau is searched.
A guarantee for the car loan despite credit bureau entry
The request for a loan should be made immediately with a guarantor. This should be a sufficient income and the credit bureau should be positive. Banks like to see a good guarantee, as this reduces the credit default risk. Thanks to a lower risk, the loan can be approved. But even here it is often not easy, because there are not many very good guarantors. Many credit seekers find it difficult to find a suitable guarantor. It also happens among friends, acquaintances and relatives that they have no work, high obligations or even have a negative entry in the credit bureau. Thus, these persons are not suitable as a guarantor.
From abroad a car loan despite credit bureau entry
There is the so-called Swiss Credit, which is awarded by foreign banks. Here a high income is sufficient and no credit bureau is obtained. The maximum credit limit, however, is 3,500 euros.