The banks have their lending rules, which they strictly follow. Before you make a loan approval, first query the data in the Credit Bureau. If there have been no problems in the past and the income is reasonable, it should actually work with a loan approval. A bank information is not necessary.
What does credit mean without bank information?
In the event of a change of account or a credit request from another bank, it can theoretically happen that the new bank obtains information about the customer from the previous financial institution. However, this practice is actually no longer used today, especially since all relevant information can also be found in the Credit Bureau. With a good credit rating, getting a loan without a bank report is no problem anyway.
Credit from Liechtenstein or Switzerland
If you do not want the data to be queried in the Credit Bureau, you can apply for a loan from Liechtenstein or Switzerland. These foreign loans are completely independent of Credit Bureau and a loan without bank information is possible here under certain conditions. An unconditional and permanent employment relationship is imperative, because this serves as security for the banks. The income should not be less than 1,100 USD. If these characteristics exist, there is nothing to prevent a loan from being approved.
Credit without bank information in Germany
A loan is only available in Germany if the data in the Credit Bureau are correct. As soon as there are negative entries, there is a rejection. As a matter of principle, there is no longer any demand from the bank holding the account, because there is a Credit Bureau.Unfortunately, it is problematic that an invoice that is not paid on time is sufficient to refuse a loan without bank information. Unfortunately, it often happens that the entries in the Credit Bureau are out of date or simply not entered correctly due to the fact that they have the same name. Therefore, every citizen should get a self-assessment every now and then to check the data in the Credit Bureau.
An objection can be raised against unjustified entries, for example, if an invoice has been paid in the meantime but the settlement note is missing in the Credit Bureau. Completed negative entries will remain in Credit Bureau’s inventory for another three years, and payment must be proven if there is an objection to the Credit Bureau’s data. The former creditor is obliged to confirm the payment.