If you are unemployed and also have a negative entry at Credit bureau, it is difficult for you to get a loan or loan in Germany in the regular way. More and more people are affected by this because Credit bureau only deletes the relevant entries after a period of three years. Nevertheless, there are also ways for those affected to get an instant loan without Credit bureau for the unemployed.
Many people who are in economic difficulties still have valuables such as jewelry or antiques. These do not necessarily have to be sold but can also be deposited as security for an immediate loan with a state pawnshop. Such government institutions are by no means to be confused with dubious dealings in crime films, but are basically serious banks. After a certain period of time, the customer can release the pledge again, otherwise it falls into the possession of the pawnshop, which then auctions it or sells it in the display.
Banks also accept collateral unless it needs to be estimated. Gold bars or a coin collection are often accepted as security for an immediate loan without Credit bureau for the unemployed, so that neither Credit bureau nor the borrower’s professional status play a role. Of course, this applies all the more if real estate or fixed deposits are available on a larger scale.
The easiest way to get an instant loan without Credit bureau for unemployed is the circle of friends and relatives. As a rule, people with an intact social and family life have other people in their immediate vicinity who give them confidence. Such people are usually willing to help to a certain extent, either by borrowing money directly, which is of course usually the cheapest way, or by standing in as a guarantor.
The person guarantees the borrower with his or her credit rating, so that the bank does not have to and must not ask questions about the borrower’s professional or financial status. However, the guarantor is also liable in the event of a default in payment with his or her assets for the outstanding loan amount.