In our guide everything revolves around the topic of credit with poor credit rating. We show you how you can obtain a favorable loan with a poor credit rating and what you should be aware of in the process.
Content
1. Credit with a bad credit rating – what you should know
2. Credit with a poor credit rating – it is possible with this provider
3. Credit with a poor credit rating – valuable tips
1. Credit with a poor credit rating – what you should know
Many people in germany ask themselves whether it is possible to obtain a loan with a poor credit rating. In our guide, we explain the options available to you in this situation. Basically, you have to meet some basic requirements in order to obtain a loan. For example, it is important that you are at least 18 years old, have a permanent residence in germany and a regular income.
In addition, banks take a close look at their customers before granting a loan. Your creditworthiness is checked on the basis of various criteria and a decision is made as to whether or not you can obtain a loan. Among other things, the account management is examined more closely for this purpose. If the current account has been overdrawn in the last few months or if there have been returned debit entries, the bank will classify the granting of credit as a high risk.
Any reminders, garnishments or insolvency petitions also play a decisive role in the verification process. A bank defines creditworthiness as the ability of a customer to repay the loan within the agreed term. Another important decision criterion when granting a loan from a bank is the income and asset situation of a customer. If, for example, a customer has a fixed-term employment contract or is already making a lot of loan payments, the bank will also assess the customer's creditworthiness as poor.
Last but not least, the credit institute will carry out a schufa query during a credit check. The schufa inquiry enables the bank to find out the customer's financial situation. If the schufa inquiry reveals that a customer has negative schufa entries, the bank will also classify the customer's creditworthiness as poor.
In summary, there are many reasons why a bank may consider a customer's creditworthiness to be poor. If you have a bad credit rating, it is almost impossible to get a loan from a traditional bank. But fortunately for all concerned, there is a clever alternative that offers the most favorable loan, even if a customer has a bad credit rating. In the next section, you will find out exactly which alternative this is and we will explain all the important details.
2. Credit with bad credit rating – with this provider it is possible
Unfortunately, it is not possible to obtain a loan with a poor credit rating from a traditional bank. But there is a very good alternative. This alternative is auxmoney . Of particular advantage is that you can get a cheap loan at auxmoney even in difficult cases. This means you can count on a loan approval even if you, for example:
- Have a bad credit rating
- You have negative entries in your schufa
- Already paying several loan installments
- You have a low monthly income
- Are in the probationary period or have a fixed-term employment contract
- If you are self-employed or freelance
- Currently studying
The loan application is very simple with auxmoney. First, you specify the purpose for which you need the loan. For example, you want to buy new furniture, buy a car, take a vacation or pay off existing loans. Then you specify the amount of credit you need and the period in which you want to repay the borrowed money.
Once you have provided all the information, private investors provide you with the required loan amount. Most of the time, the required credit amount is reached in a few minutes and you get the money paid within 24 hours afterwards. The loan is repaid in monthly installments until the loan is repaid in full.
In summary, auxmoney is the ideal alternative to a loan from a traditional bank. Because with auxmoney you get even in difficult cases a favorable loan. You can count on an approval even if you have a bad credit rating or cannot obtain a loan for other reasons. In addition, the loan application process at auxmoney is very simple and you benefit from a fast disbursement of the money. That auxmoney is a very good choice is also confirmed by germany's largest customer rating portal with 4.8 out of 5 possible stars. Apply now for your loan with auxmoney and fulfill your credit wishes at attractive conditions.
Loan from auxmoney
Credit approval even with a poor credit rating
Loan amount from 1.000 EUR up to 50.000 EUR
Easy application and fast payment
Very high customer satisfaction
To the loan from auxmoney
3. Credit with poor credit rating – valuable tips
To conclude our guide, we have compiled the most important tips for you on the subject of credit with a poor credit rating. With the help of this information you can avoid unnecessary mistakes and benefit from a favorable loan despite bad credit rating.
Tip 1: in many cases, a bad credit rating is caused by the fact that the monthly expenses are too high in relation to the monthly income. In order to improve your credit rating, you should take a close look at your expenses and cut out everything that is unnecessary.
Tip 2: if your current account is in the red or you have other loans, you can have them paid off when you take out a loan from auxmoney. This has the advantage that you pay in the future only one credit installment and can adjust the monthly credit installment so that this fits optimally into your personal budget.
Tip 3: if you choose a loan from auxmoney, we advise you to choose the desired loan amount a little higher, so you can set aside a financial reserve. It can always happen that unexpected expenses come your way. If you have a reserve, you are on the safe side and do not have to take out a loan again for payment or keep your current account in the red.
Tip 4: you can also find more exciting reading on the topic of credit at smava. Recommendable is among other things the contribution vorraussetzungen for a fast loan. In this article you will learn which criteria are required by most banks when granting a loan.
Tip 5: if you have any questions about our guide, you can always contact us via our contact form. We are looking forward to your message and will answer your request as soon as possible.