Swiss loan without Credit Bureau for self-employed.

The much sought-after alternative promises Swiss credit without a Credit Bureau for the self-employed. But even at a foreign bank, the red carpet is not rolled out for the self-employed. As far as is known, only a foreign credit bank can legally offer the loan without Credit Bureau for Germans. It is Fine Lender Bank from Liechtenstein. The loan offer, for a small loan without Credit Bureau, can unfortunately only be claimed by employees who are subject to social security contributions. The bank does not offer credit options for the self-employed.

Escaping the credit crunch for the self-employed

Escaping the credit crunch for the self-employed

Unfortunately, there are only a few safe and, above all, legal ways out of the credit crunch for Swiss credit without Credit Bureau for the self-employed. A “proxy loan” would offer one possibility. The close application is made by a close confidant who has been subject to social security contributions for at least 12 months. A loan without Credit Bureau from Liechtenstein is not subject to the usual credit conditions, many credit institutions. A loan without Credit Bureau does not necessarily have to be made in your own economic interest.

The loan amounts of USD 3,500 and USD 5,000 would be possible as a Credit Bureau-free representative loan. As of November 2013, 11.62 percent effective APR must currently be paid for 3,500 USD when applying for credit directly. The loan is repaid in 40 equal monthly installments of $ 105.95. 11,61 percent APR is payable for 5,000 USD of Credit Bureau-free credit. Repayment will be made in 40 equal monthly installments, but this time at 151.35 USD each.

The way out to ask a confidant for help is not only a legal, but a safe way of Credit Bureau-free financing. Almost without exception, all reputable credit brokers work with this source of finance. The following option for a Swiss loan without a Credit Bureau for the self-employed is significantly more risky and may even be illegal.

Private foreign financing without Credit Bureau, not without risk

Private foreign financing without Credit Bureau, not without risk

The following information is intended to encourage thought. Some portals offer for a few USD to publish your personal loan request unfiltered. This creates the opportunity to make direct contacts with donors via a well-advertised portal. Up until this point, of course, everything is legal. Not even an identity check is required to publish the loan request.

The credit attempt becomes risky because direct contact is made possible without the influence of the portal operator and even anonymously. Without the influence of the portal – that sounds good at first. Nobody holds out a hand when a loan is made. However, anyone who has ever dealt with Chinese personal loans is no longer enthusiastic about it.

The following applies to Europe: All reputable institutions (banks, insurance companies, notaries, etc.) are committed to the “Know Your Customer” principle (KYC principle). Internationally, the whole thing is regulated by the Basel contracts. Since then, identity verification has been mandatory for every account opening and lending.

Money that is only offered through direct contacts as a Swiss loan without Credit Bureau for the self-employed does not necessarily come from reputable sources. The ability to act anonymously to conclude a lending transaction without the supervision of a state, a bank or at least a portal is dangerous. The Chinese press has increasingly reported violent crimes related to private lending in recent years. It is not uncommon for the money lent to be “washed” in Europe. Aid to money laundering is already a criminal offense in Germany. The sentence is between three months and five years.

A Swiss loan without Credit Bureau for the self-employed is legal, practically excluded from a reputable credit institution. The risk of anonymous borrowing that is not based on the KYC principle is immense.

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