Loan despite credit bureau
The Sparklew requests a private credit information for each loan application. If there are negative entries, usually no credit can be given. Nevertheless, there are certain exceptions. Long-time savings bank customers, who are known to be reliable and persons, in which the private credit entries are only marginal, can certainly get a savings bank loan despite private credit. However, general statements can not be made. Basically, each individual case is decided individually.
Normally a postive private credit information is the most important credit requirement in addition to a regular income. This does not only apply to the Sparklew, but to every other bank based in Germany. The income should be high enough to match the desired loan amount and allow for the payment of regular repayment installments to the savings bank. The Sparklew will make an accurate budget calculation here and check whether these conditions exist in the specific case.
If you are looking for a savings bank loan despite private credit, you should definitely be a worker and have a regular income. In addition, you may not be on a probationary or fixed-term contract. If these requirements are not fulfilled, you can bring a second applicant on board or make a guarantor. These individuals must have a good to very good credit rating and must not have negative private credit entries. These conditions are indispensable, since not only the loan installments have to be paid by a guarantor or a second applicant, but also personal expenses have to be covered. However, a guarantor will only be held responsible if the borrower can no longer pay the agreed installment. A second applicant, on the other hand, acts as an equal borrower.
Under certain circumstances, an application for a savings bank loan, despite private credit, may also be successful without additional collateral. Here it would be strongly advised to seek in good time the conversation with the responsible clerk. It is often possible to search for an individual solution, especially if there is already a long-standing and mutually satisfactory customer relationship.
The amount of the loan
The amount of the loan depends on the income and the creditworthiness of the customer. A savings bank loan despite private credit can often only be a loan with a smaller or medium loan amount in the three- to four-digit euro range. Only occasionally higher credit sums are possible. Then the income must be extraordinarily high and secure. It also depends crucially on what kind of negative private credit entries are. In the case of minor payment overruns in invoices or under contracts, the situation is far from being as dramatic as with dunning and enforcement orders or even private or standard bankruptcy.
The terms are very different for a loan. Short terms of a few months are just as conceivable for the Sparklew as long maturities of several years.
A savings bank loan despite private credit is at leisure, unless otherwise agreed. This is very different for a car loan. It serves to finance a new or used car.
Interest rates can be different for a savings bank loan despite private credit. Further information can be obtained from the responsible Sparklew.
Customers of the Sparklew, who have a current account there, can obtain a credit line there, if regular payments are recorded. How high this credit is is determined individually. A maximum amount of two to three monthly salaries is usual. The credit line is basically also possible with negative private credit entries. However, these entries must not be too serious and in no way result from the non-fulfillment of contracts with the Sparklew. In addition, the Sparklew can reduce or cancel an existing credit line if necessary, if the conditions no longer exist.
A credit line is an overdraft limit that can be used flexibly. Unlike a installment loan, it is not mandatory to pay monthly installments to pay off the credit line. It is therefore advisable to make sure that the account is not permanently in the minus, but that it is compensated either short or medium term again.
A car loan is a special installment loan that may also be available as a savings bank loan despite private credit. It offers the borrower the chance to pay for the desired car in cash. Thus, the dealer often granted him significant discounts on the purchase price.
The basic requirements for a car loan are comparable to the conditions for an installment loan. This means that the income and the private credit information must be generally in order. Again, certain exceptions can be made.
Alternatives to the loan
Sparklewn credit is not always the best choice despite private credit. If the reasons for the negative private credit entries can not be eliminated in the short term or at least in the medium term, and if there are high debts, then the path to debt counseling would be more appropriate than taking out a loan. Although a loan may provide a short-term solution to the main financial problems, it will worsen the situation in the long run if no other solution is sought. For example, this could be to increase income and / or reduce spending.