Who offers an instant loan with immediate approval without Credit Bureau? How meaningful is the preliminary credit check, how secure is the data? The article provides the answers to these questions and further information on Credit Bureau-free loans.
Instant credit with instant approval without Credit Bureau advertising
The advertising for an instant loan with instant approval without Credit Bureau always comes from a credit broker. At first glance, the offer looks like any ordinary online offer for an instant loan. However, differences become clear as soon as you click on the application. The button does not redirect to a bank’s website. The online application is completed and processed on the credit intermediary’s server.
This means that the decision on a preliminary loan approval is not made by the lender, who is the only one who can make a competent statement. A credit broker can only rely on past experience. They can be well researched or just reflect the view into the glass ball. When researching this article, the loan approval was supplemented with the words ” subject to positive Credit Bureau information and creditworthiness”. A very dubious answer to a credit check that was expressly requested without Credit Bureau.
However, trust in data security is significantly more depressing than just a carelessly programmed automatic answer. An online loan application is entrusted with intimate financial information. In order for the credit intermediary to be able to fulfill its task, the data transfer must be approved. How secure is this data if the response of the program has not even been programmed with the expected care?
Protect your personal data
It is not just American intelligence that uses the Internet to extract data. If you are looking for an instant loan with an instant confirmation and without Credit Bureau, you may feel safe. What should happen to the data? There may be an interest in the Chancellor’s cell phone, but hardly any ordinary people. This may be true for the NSA. But personal data about a person’s solvency is worth cash for data traders.
Prospective buyers for intimate financial information, there are many. By agreeing to the transfer, the legal framework for legal data transfer was initially created. A reputable credit broker will of course handle this with care, but unfortunately there are not only reputable providers. Scoring companies and credit bureaus are primarily interested in legal information. Scoring companies in particular need up-to-date information about the financial situation in order to be able to create appropriate values.
If you have a bad Credit Bureau, you will not be helped if you can no longer order on account when shopping online. Scoring is not just an issue when it comes to lending. For example, more and more online shops are incorporating the Infoscore to sort out “lazy” customers. Anyone who happens to follow a dubious advertisement for the instant loan with immediate approval without Credit Bureau will in future pay advance payment.
The American bugging may be outrageous, but it has no consequences for “ordinary people”. Carefree handling of important personal information can cost the job and friendships in social networks. When applying online, it can destroy the remaining creditworthiness completely unnecessarily.
Apply for a loan without Credit Bureau – that’s for sure
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If you do not want to forego the convenience of an online loan application without Credit Bureau, it is advisable to use an established provider. An example of this would be receipt credit. If you are concerned about the security of your data, you can also apply directly to the credit bank. A bank, unlike some placement companies, usually only has lending in mind. An authorization to pass on the data is also superfluous. The lender then processes the loan application himself. As far as is known, only one foreign bank offers Credit Bureau-free loans legally in Germany. It is Litebank from Liechtenstein.
However, a “real” instant loan with immediate approval without Credit Bureau cannot be applied for directly from the provider. A “real” instant loan is only so convenient and quick because it is checked using the simplified procedure. This means that the credit check, except for a current salary certificate, only takes place via the score and the Credit Bureau information. Of course, this is not possible without Credit Bureau. Different advertising is excessive.
The direct application, which is just as quick as the advertised instant loan with immediate approval without Credit Bureau, can be downloaded from the page. If questions arise, a normal telephone number is available as a hotline. The international call via Skype only costs about five cents per minute.