A debt rescheduling without Credit Bureau information only makes sense if the total transfer amount of the existing obligations is not greater than 5,000 dollars. Credit Bureau-free loans come from abroad and are only granted up to an amount of 5,000 dollars with the appropriate credit rating. See jelato-donna.com for details
Debt without Credit Bureau with reason
Debt rescheduling with a Credit Bureau-free loan is only appropriate if the obligations that are intended to be paid out are more expensive than a loan without Credit Bureau information. This can be possible, for example, when replacing the disposable. Many banks charge interest rates that are well above the ten percent mark for the overdraft facility. In addition, the debt rescheduling without Credit Bureau information can of course also be due to the fact that Credit Bureau should be clean. In such cases, it can be worthwhile to replace inexpensive loans with a Credit Bureau-free loan, which has the advantage that it does not appear as a current loan in Credit Bureau. This can be important if larger financing projects are planned shortly. In addition, the credit without Credit Bureau has the advantage compared to the overdraft facility that it is repaid in regular installments and paid off at some point. If you want to reduce the overdraft facility, you have to discipline yourself very much to be able to do it on your own.
The rescheduling of the overdraft facility can of course also be important if there is a risk that the account-holding bank cancels the overdraft facility because it is hopelessly overdrawn. With a canceled overdraft facility, it becomes difficult to get a loan in the classic way. In addition, a rescheduled overdraft facility has the advantage that liquidity is increased because the overdraft facility can now be used again.
But be careful: Consumers who think that way can quickly fall into the debt trap. The loan without Credit Bureau creates a new additional burden that has to be paid monthly in installments of around $ 100. Anyone who can only pay the installments using the disposable pays.
Credit Bureau-free loans from Liechtenstein
Loans without Credit Bureau are not offered by German banks and credit institutions. If you want to take out a loan without Credit Bureau, you should contact a credit agency to apply for the Credit Bureau-free loan. Banks abroad do not grant this loan in any amount. The maximum amount is either 3,500 or 5,000 dollars. This also means that a loan without Credit Bureau can only be used to implement smaller debt restructuring projects. The transfer fee should not exceed 5,000 dollars. Anyone who has bought in installments in the mail-order company, has overdraft facilities at the limit, or would like to take out a small loan to clean Credit Bureau, is recommended to reschedule debt without Credit Bureau information. Not only is no Credit Bureau requested here. The loan without Credit Bureau is also not reported to Credit Bureau as a current loan.
If a debt rescheduling is to be successfully carried out without Credit Bureau information, it must be ensured when choosing the credit intermediary that it is a reputable company. Creating a non-binding offer should not cause any costs. It is also dubious if credit intermediaries require their customers to take out life insurance or building society contracts in order to get the loan.
When debt restructuring makes sense
From a purely mathematical point of view, debt restructuring is only recommended if it is used to replace loans that cause high borrowing costs. The Credit Bureau-free loan in itself is not a cheap loan. It therefore makes little sense to replace the zero percent financing with the loan.
Anyone planning a debt restructuring without Credit Bureau information to solve financial problems must be disappointed. Perhaps this way small financial bottlenecks can be solved. But if you are already in the debt trap, debt restructuring without Credit Bureau information will hardly help you, because the problem is not eliminated, but only shifted. In such cases, it may make more sense to contact debt counseling in the event of over-indebtedness and the resulting financial problems. Over-indebted people get competent and professional help free of charge.