Loan a car without Credit Bureau?

A new car, no matter whether it is a new car or a used one, whether you just want the car or if you urgently need it – the car has to be finance d somehow. Many people are looking for a car without Credit Bureau or car financing without Credit Bureau – but is this possible in Germany at all?

In theory, you can answer this question very simply: no, there is no car financing in Germany without Credit Bureau. However, there is no reason to regard a negative Credit Bureau as an inevitable problem with car financing – what is important is the overall creditworthiness of the customer.

In order to check this, the ratio of expenditure to income is examined more and more closely, regardless of whether you contact the house bank, another bank or savings bank, a car bank or the local car dealer.

Can you afford the car?

Can you afford the car?

This does not mean whether you can pay the entire purchase price to the dealer in an ad hoc payment, but rather to what extent your financial scope is sufficient to pay the monthly installment to the bank or the dealer.

Checking your leeway is not only in the interest of the bank / car dealer, but also in your own interest, because if you take out a loan or car financing without actually being able to afford it, you run the risk of over-indebtedness in the long term.

Car financing without Credit Bureau

Car financing without Credit Bureau

Financing a car without Credit Bureau will also not be finance able through a loan without Credit Bureau from abroad, offered via German credit agencies such as Astro Finance, Lite Lender or Cream Bank, since the amount of such a Swiss loan is hardly sufficient to actually cover the purchase price – the loan could only be used as a supplement. If your car costs less than 7,000 dollars, you have the option of paying it with two Swiss loans (and two borrowers).

As a private person, you should generally say goodbye to leasing – for many leasing is tempting for the supposed flexibility that you enjoy as a lessee. However, there are now also flexible financing options, for example at Mercedes Benz, where the buyer only decides at the end of the financing period whether to keep the car, return it to the dealer and thus avoid the final installment, or sell it privately.

Debt restructuring in difficult cases

 

A debt rescheduling in difficult cases often makes more sense than a conventional debt rescheduling, because the cost of a loan can be significantly reduced by a debt rescheduling. As a result, it is precisely the financially difficult cases that rescheduling is all the more helpful.

With debt rescheduling, an existing loan, often several loans, is always replaced and completely paid off with the loan amount of the new loan. This process is not uncommon in the economy, since the new loan can be taken out on better terms and the costs for the interest are considerably reduced.

Debt rescheduling in difficult cases 

Debt rescheduling in difficult cases 

Debt rescheduling in difficult cases is always preceded by a credit comparison, because only with a credit comparison can the cheapest providers on the market be found. After all, the new loan should be taken out at ideal conditions, since it makes little sense to replace an economically unprofitable loan with an equally bad new loan.

As a result, debt restructuring in difficult cases is only possible or makes sense if the loan actually saves money. Then, however, there still remains the poor creditworthiness, which is almost always the case in difficult cases. You have to somehow convince the new bank that provides the new loan of your own creditworthiness. In the end, only facts and figures count here.

Difficult cases should not despair directly

Difficult cases should not despair directly

It usually makes no sense to deal with the fact that a new loan is not possible at all and that rescheduling is unrealistic. Especially when the financial situation is not ideal and every dollar counts, debt restructuring should always be sought in order to demonstrably reduce the cost of a loan.

Even if an overdraft facility has been used on your own checking account, which happens automatically as soon as the account is overdrawn, it should be replaced as soon as possible. Overdraft facilities, regardless of which bank, always have an enormous interest burden and always cause high costs for the holder of the checking account (and thus also for borrowers).

These loans urgently need to be redeemed, regardless of whether an incoming payment can be arranged or whether a loan is requested. If possible, you can show a guarantor for the new loan and have it anchored in the loan agreement, which significantly increases the borrower’s creditworthiness.

In any case, loans with a very high interest rate burden must be repaid quickly in all circumstances, as otherwise a spiral of debt could be revealed, which would increasingly make the borrower a “difficult case” in finance.

Debt restructuring for pensioners

Retirement should actually be enjoyed with good financial security. Many retirees plan well in advance how they want to enjoy this period of life. Some things, such as the age-appropriate renovation of the house, had of course still to be financed on credit. Sobering up comes with the pension notification. Without debt restructuring for pensioners, the payment burden can no longer be borne.

Debt rescheduling – regain financial freedom

Debt rescheduling - regain financial freedom

It has been ten years since politics brought the agenda to its citizens. However, very few were able to correctly assess the financial impact. Her focus was on the approaching pension. Many simply assumed an age-appropriate income. Before retirement, everything should be properly prepared for retirement. The car was exchanged for a new car.

With foresight, many have prepared their living space for senior citizens. The whole thing was financed through reserves and credit. The pension notice finally triggered a state of shock. The pension is secure, only in the amount it was extremely reduced. In this way, Germany can save the dollars and only has to “improve” the poverty reports. But all anger does not help. Only debt restructuring for pensioners can help effectively.

Benefits of debt restructuring

Benefits of debt restructuring

A debt rescheduling is always worth considering when the current payment obligations are no longer in harmony with the income. The original loan amount has been reduced due to the deduction already made. The value date of the liabilities opens up scope for significantly lower installment payments.

Often people hesitate too long before admitting to themselves that things cannot go on like this. In addition to the credit installments, the current bills are depressing. Health costs rise significantly in old age. Many benefits that should be covered “on schedule” by the health insurance company now have an additional impact on pension income.

Money that is missing elsewhere. It is not uncommon for the mountain of unpaid bills to grow. A debt restructuring for pensioners can break the Gordian knot. All liabilities can be summarized again. Only a monthly rate has to be paid. Financial freedom has thus been regained.

Possible providers of debt restructuring

Possible providers of debt restructuring

Age limits can be a problem in finding loans for retirees. The house banks often reject the loan application without justification. In this situation, two different approaches remain. All credit options can be reopened by a solvent co-applicant, for example one of the children. For the co-applicant, the risk of actually being liable is small. People live much longer than their creditworthiness suggests.

If you have no children or want to save your children the risk, you can do it yourself. Debt restructuring is offered by various providers on the Internet. However, the view should be a little more precise with the offers. If residual debt insurance is required, it makes the debt rescheduling loan more expensive.