Are you looking for a self-employed loan without Private credit ? Or rather for credit for the self-employed despite negative Private credit? Unfortunately you can not hope for a gigantic offer. The self-employed have a particularly difficult time with bad Private credit.
Use the credit comparison to perceive your chances despite Private credit. In the text we present you credit without Private credit as main topic. In addition, the problems and risks that you will face as a self-employed borrower.
Self-employed loans without Private credit – problem definition
Borrowing is always a challenge for freelancers and entrepreneurs. Even more so when looking for self-employed loans without Private credit or self-employed loans despite negative Private credit. The main concern here is not even the negative Private credit, but the income security. Basically, the Private credit entry corresponds – figuratively speaking – to the last “coffin nail”.
At least since the regulations of Basel have been transposed into national law, there is hardly any leeway for banks. After all, credit must be secure. For lending to the self-employed apply particularly hard rules. As a bank to offer credit for the self-employed despite negative Private credit or even without Private credit, is therefore almost impossible.
Banks from Germany should not even approve a loan for self-employed without Private credit. Because, they are all contractually bound to the Private credit. At the very least they have to sign up for granted credit.
Advertising – Private creditfrei everything no problem
In advertising credit for the self-employed is easy to find despite negative Private credit and also credit for the self-employed without Private credit. Basically, every imaginable buzzword is advertised on a Private credit-free loan. So seen a lot of hits on Google. Neither the background before the lending is to be made nor the amount of credit play a role in advertising. Unfortunately, the only advantages are the benefits.
Anything a prospective loan seeker can advertise is advertised. Unfortunately, in the rarest cases real credit offers are behind the pithy slogans. Especially not the Private credit for the self-employed. Much more is about skimming the cream and selling byproducts to the big rest. Particularly often placeable are:
- and many other financial products
The goal is to collect commission. Whether a real loan for self-employed without Private credit or another financial product does not matter.
What does the loan fail most often?
In principle, banks from Germany should already grant a loan for self-employed people despite negative Private credit. But only if the loan can be considered safe. Basically only when proven sufficiently good credit. Providing this proof, however, is difficult, against the background of self-employment. Because there is a lack of secure and high income.
Exactly as with the regular loan despite independence, the credit attempt fails on the secure income proof. In the case of loans for the self-employed in spite of negative Private credit as well as the credit for self-employed without Private credit, another factor is added. The negative Private credit The Private credit entry clearly shows high credit risk. No matter if the credit agency is involved in “despite Private credit” or “without Private credit” not.
Because, potential lenders to the loan for self-employed without Private credit logically assume that the Private credit credit rating predicts the loan default.
Tip – legal requirements
Banks from practically all of Europe are only allowed to issue secure credit. Self-employed only according to the Basel rules. If this proof can not be provided unequivocally and according to the legal requirements, the lending is simply not legal. Definitely secure social insurance income enables the Private creditfreien loan for workers.
Self-employed and freelancers can not provide proof of income in the desired form. But, some exceptions are still possible. The scheme only applies to “systemically important” lenders. Thus neither the baker around the corner, the private friend credit nor some commercial providers are affected.
But real credit for self-employed without Private credit or despite Private credit a bank, there is not a long time. The lending would be conceivable at most to full-time self-employed. In other words, part-time self-employed.
Private creditfrei – self-employed or employed
The classic Private creditfreie credit, as it appears everywhere in the advertising, is not a loan for self-employed without Private credit.The offer of the bank, it comes from the Sigma credit bank from Liechtenstein, is aimed exclusively at employees. A fixed permanent contract is required. Secured is the classic small loan, 3,500 euros, 5,000 euros or 7,500 euros by income transfer.
Despite advertising by intermediaries to the contrary, it is neither a homemaker credit nor a loan without a social security income. – Or even with guarantor, Self-employed people without Private credit even explicitly exclude the bank in their application terms. The only way out, to get on this way to a Private credit would be a representative loan.
The Bank does not expressly limit the transfer of the borrowed money. But if then a loan for self-employed without Private credit still worth it? Cheaper is probably the deputy to ask for the application for a regular loan.
Application Conditions for Employees – Deputy Credit
To keep it complete, the deputy or part-time self-employed should meet at least the following conditions:
- at least 18 years at the most 61 years (key date 62nd birthday)
- healthy and fully able to work (maximum 10 sick days a year)
- permanently employed (3,500 euros / 12 months)
- outside the probationary period
- no wage garnishment
- no employment assignment
- Minimum income depending on the loan amount and maintenance obligations
- No entry in the debtor register of the district court
- existing debt in proportion to income
- no ongoing insolvency proceedings
Since a real loan for self-employed without Private credit anyway out of the question, we save at this point the exact income collection. Only so far, only the net income without child benefit is considered. As the amount of credit increases, the demands on income and length of employment grow.
Difference despite and without Private credit
The same is true of both offers that the negative Private credit does not necessarily exclude a loan. Only regular credit is not accessible with negative Private credit. Basically very similar are the actual ways to obtain a loan for self-employed without Private credit or self-employed credit despite negative Private credit. The biggest difference lies in the cooperation with Private credit.
Offers without Private credit come from lenders who are not contractually bound to the Private credit. Some of them are the same financiers but otherwise active. For example, they use credit portals to invest their money in a self-employed loan, despite negative Private credit. In this case, it is the portals that have a contractual relationship with the Private credit.
It is you who will retrieve the credit information and report approved credit to the Private credit. In addition, despite Private credit a loan is only conceivable if the entry carries the notice of completion.
Self-employed credit without Private credit – risk
All developed countries in the world are increasingly trying to stop money laundering. This makes it increasingly difficult to launder money from illegal income. The trick to make it anyway, is often in the award of credit for self-employed without Private credit. The repaid money, however, flows officially. It is washed.
If the game goes awry, it becomes very uncomfortable for the borrower, the last traceable link in the chain. The other variant is based on the hope of obtaining a Private credit-free loan. The providers then apply for a foreign loan. The method is known among other things as “Nigeria Connection”. Without Private credit comes credit for self-estates by private individuals, or from the pawnshop.
All other apparent alternatives are known to be dangerous.
Loan for the self-employed despite negative Private credit – credit opportunities
Loan for self-employed without Private credit is therefore almost impossible. However, it looks different for the loan for the self-employed despite negative Private credit. Not every self-employed person with a bad Private credit credit rating is a “poor swallower”. Likewise, a carelessness or a business slip can be the cause of the negative feature. Nevertheless, the applicant deserves good and safe money again.
Credit portals, such as Moneyor and Creditend, are apparently bringing together solvent borrowers and investors on safe terrain. At Creditend, a proof of income of just € 1,000 is enough to seize the chance of a serious loan for the self-employed despite negative Private credit. The process itself is well thought out at Creditend.
Credit despite Private credit – Creditend
The requested loan for the self-employed is requested directly from the credit comparison, despite the negative Private credit. For example, the offer “Kreditprivat” would be suitable. The application does not go directly to potential lenders. Basically, the data ends up at Creditend. The portal carries out a credit check, even with a neutral check on Private credit, and calculates the credit opportunities.
The operators then create a list of possible suggestions. If the credit outlook is too low, Creditend rejects the application directly or gives tips on how to improve credit opportunities. The application itself is always completely non-binding. Success, however, an immediate promise, then Creditend even “guarantee” on the loan for the self-employed despite negative Private credit.
Tip – instant confirmation with guarantee
Creditend gives a guarantee on immediate promises. Should the two proposed alternatives for self-employed loans not be approved despite negative Private credit, Creditend will pay. 200 euros “pain money” is Creditend the proven false forecast worth.
Despite Private credit – Moneyor
The contact between private investors and borrowers is also made possible by Moneyor at a safe level of quality. In order to apply for a loan for the self-employed despite negative Private credit, no fixed minimum income is predetermined. However, Moneyor claims that the installment payment ability has to be proven. Overall, a slightly easier access to credit from private.
The loan application is published by Moneyor within the portal. Potential providers may now offer the necessary credit for the self-employed despite negative Private credit. A “self-runner” is the credit despite Private credit of private but not. Finally, private investors want to invest as safely as possible. Nobody has anything to give away. To increase the chances, it is advisable to offer additional collateral.
Improve credit opportunities – despite Private credit
Trust is the foundation of every loan. Unfortunately, a negative Private credit entry is not an indication that a borrower keeps his promise to pay. But on the contrary. It is the professional forecast of Private credit that credit security is threatened. All the more important is the loan guarantee. A loan for the self-employed despite negative Private credit could be secured, for example, with a car letter.
The possibility of transferring the vehicle is offered by both Creditend and Moneyor. The vehicle value, basically the starting point for the mortgage lending value, is determined by a neutral appraiser. Once the necessary documents have been received by Creditend or Moneyor, the mortgage lending value will be reported as “secured”.
Proven, then increase the number of permits leaps and bounds.
Summary – Self-employed credit without Private credit
The chances of actually finding a reputable loan for the self-employed without Private credit are vanishingly small. Basically, only private donors from the circle of friends and family come into question. In addition, of course, the loan of a pawnshop. Bank credit without Private credit is in fact excluded. No relevant bank currently offers access to credit for self-employed with negative Private credit.
The loan for self-employed persons without Private credit would be conceivable at most for full-time employees with additional sideline. Or via a deputy, who is employed as a worker subject to social insurance. Basically, the distribution of approved credit would be allowed. But, if then a loan without Private credit is actually the right choice, may be doubted.
However, the credit opportunities are better for the loan for the self-employed despite negative Private credit.The credit opportunity opens up via credit portals.
Despite negative Private credit credit offers
Basically, the credit for the self-employed differs in spite of negative Private credit and without Private credit only a trifle. The Private credit stays in the boat. In addition, lenders expect the registered debt to bear the termination notice. Relevant loan offers come from the loan for the self-employed, despite negative Private credit also rarely from banks.
As a rule, it is credit portals that establish contact with private investors. These include Creditend and Moneyor. Both portals are considered the market leader in P2P credit. However, the portals differ noticeably in their application terms. Creditend, for example, requires a proof of income of at least 1,000 euros.
At Moneyor, however, it can be enough to prove the secure installment payment ability.
Our recommendation – credit with negative Private credit
We recommend that the credit for self-employed without Private credit not dubious channels. Reputable lending companies are serious and reliable when it comes to lending without Private credit.The alternative to the pawnshop can equally well be the loan for the self-employed without Private credit from the circle of friends. Of all the other offers advise will penetrate.
Without risk to apply for a loan for the self-employed despite negative Private credit, we recommend the credit check on Creditend. The application is not binding. The hopefully granted immediate promise, however, not. If Creditend with its positive forecast for the loan for the self-employed, despite negative Private credit wrong, the portal pays up to 200 euros to compensate.