Is an instant loan without Credit Bureau real with a 24-hour payment? How quickly is a Credit Bureau-free loan really on the account? If you no longer want to be fooled by advertising, we have put together all the information for you.
Instant credit without Credit Bureau with 24 hours payment – advertising promise
With a bad Credit Bureau there are only a few credit opportunities. The payment terms of the incoming invoice do not take this into account. The invoice should be paid within 10 days, otherwise there are impending reminder fees or worse. In this situation, the promotion of an instant loan without Credit Bureau with a 24-hour payment is of particular interest. As you know, normal instant loans are the quickest way to get a bank loan. A bank loan without Credit Bureau, which is still in the account within 24 hours, would be the optimal loan solution. Reminders or even shortages in supply could be avoided through rapid lending.
It is unknown to many prospective creditors who respond to such an offer that such a loan cannot exist in reality. The first advertising hype can already be found when promising an instant loan. A real instant loan is only possible with a good credit rating and good score. The speed of approval is based on the simplified credit check procedure. An instant loan is only granted via the score and the Credit Bureau excerpt.
With a bad score, as can be expected with an instant loan without Credit Bureau with a 24-hour payment, the creditworthiness has to be elaborately proven. This is still a loan without Credit Bureau, but it is not an express or instant loan. The second part of the advertising message is really unacceptable. It appears that an installment loan without Credit Bureau could be applied for, checked, approved and paid out within 24 hours. This feat is not even guaranteed by the local bank for borrowers with the best credit rating. The “normal” procedure with good creditworthiness – without interim financing in the checking account – takes about three days until the loan is paid out.
Which “without Credit Bureau” offer is the fastest?
As an instant loan without Credit Bureau with a 24-hour payment or rush credit, only credit brokers advertise the Credit Bureau-free financing from a foreign bank. In most cases, the intermediaries later restrict the statement to payment within 24 hours of approval. But whoever only finds this information on the page has already fallen into the advertising trap.
A reputable loan offer, as can be expected from a reputable credit broker, does not require such advertising tricks. In addition, the loan offer must not only be fair, but also legal. As far as is known, there is only one legal legal bank that can offer Credit Bureau-free loans in Germany. It is Lite Lender Bank from Liechtenstein. The bank does not offer an instant loan without Credit Bureau or an emergency loan. Optionally, only the cash payment (postable) can be requested.
According to the credit institution, there are no special conditions for credit inquiries that come from any credit broker. How the loan would be applied would have no effect on the credit terms, conditions or processing speed. (Source telephone support Fine Bank AG).
When is a Credit Bureau-free loan in the account?
A loan without Credit Bureau is always the same. It does not matter whether it was applied for as an instant loan without Credit Bureau with a 24-hour payment. Nobody can make an exact time reliable. There are sometimes considerable differences in the speed of the process. Only various forums offer reliable information about the duration of the procedure, even if it has not been confirmed.
Some borrowers report loan payments within seven working days. However, a borrower even had to wait six weeks for his money. One possible reason for the different times is in the mail. It takes between two and six days for the letter to arrive in Liechtenstein. The public debt register for credit approval is also viewed. Most dishes work quickly and respond by fax. However, no judicial district can regulate how quickly the answer must be given.
The statement that a loan is paid out within 24 hours after it has been approved is uniformly correct. It does not matter whether the loan application was made directly to the credit bank or via a credit intermediary. What is certain, however, is that an instant loan without Credit Bureau with a 24-hour payment through the intermediary costs more.