Before accepting the money from Good Finance I start the comparison with Creditend. At Good Finance there is a very elaborate credit calculator, which allows visitors to the site to check many different offers with minimal effort. For example, car loans, overdrafts or travel loans can be compared. In the Good Finance test, we check whether the loans offered in Good Finance loan comparison are always offered at the best terms and how the loan process works. In addition, especially if you come from this profession, you must not have a negative Credit Bureau entry.
Credit check on borrowing without Credit Bureau
Decisive basis for the lending is the creditworthiness of the applicant. In this usually two-phase test procedure, the financial institution examines both the economic and private creditworthiness of consumption. As a rule, the house bank defines the customer’s individual willingness to pay and its reliability in financial matters in the history.
In order to assess its economic credit rating, BuyNer determines whether the current income and expenses of the consumer enable the loan to be repaid in compliance with the contract. By examining the creditworthiness of BuyNer, it seeks to reduce the creditworthiness risk that the borrower will no longer be able to repay the loan during its term.
In contrast to borrowing without Credit Bureau, the credit rating used to borrow a standard installment loan not only determines the basic lending, but often also the interest on the loan and thus the costs incurred by the consumer. As a rule, the creditworthiness of the main bank is determined on the basis of information provided by Credit Bureau or other credit bureaus.
These are not used for lending without Credit Bureau, but this does not mean that the bank does not check the creditworthiness of the applicant. In individual cases, BuyNer may obtain information about the applicant’s personal credit rating by other means. By inspection of the public debtor register, the house bank z. For example, you can quickly determine whether an application for bankruptcy or arrest has been lodged against the applicant or whether he has had to make a sworn statement in the course of an enforcement order.
In doing so, the creditworthiness of the consumer is checked for evidence and evidence that the claimant of the house bank itself has to bring to the attention of both non-creditworthy and non-creditworthy loans. The evidence that the prospective borrower must provide for the creditworthiness check can vary greatly from one house to the next. Note: Despite careful research, the accuracy and punctuality of the data can not be guaranteed.