The self-employed generally have a harder time than employees when they want to take out a loan. This is primarily due to the fact that they generate their income from self-employment. It is neither regular nor manageable in advance. A salary waits for dependent employees at the end of the month, regardless of whether a lot or little was worked. The situation is different for self-employed people who have often fulfilled a life’s dream with their independence.
You are responsible for yourself, you have to get appropriate orders to be financially independent. If the necessary equity capital is lacking and there is no backing in the family, it is much more difficult for self-employed people, and not only if they want to take out a loan. Banks are extremely reluctant to lend to the self-employed because the risk of default is too great. German banks like to grant their loans to consumers with a regular income from a permanent position. The situation has worsened in recent years because banks have to deposit risky loans with the corresponding equity.
For many self-employed people who do not get credit from banks in Germany, the question arises whether foreign banks see it differently. Is there a Swiss loan without Credit Bureau for the self-employed? We have dealt with this topic and have investigated this and other questions on the topic. Our article deals with Swiss credit without Credit Bureau for the self-employed.
Get self-employed abroad credit without Credit Bureau
Self-employed people who do not get a loan from banks in Germany because of their negative Credit Bureau and self-employment often put all hope of a Swiss loan without Credit Bureau for the self-employed, which they can apply for through a credit broker, according to advertising. There are actually credit intermediaries who officially advertise that there is no problem in arranging Swiss credit without the Credit Bureau for the self-employed. If the advertising is examined closely and the message is questioned, things look different. The Swiss banks do not grant loans to the self-employed without Credit Bureau.
The Credit Bureau-free loan from Switzerland, for which a lot of advertising is done on the Internet, is an offer that is explicitly aimed at employees. The banks refrain from catching up with Credit Bureau.Swiss banks attach great importance to the fact that customers can prove that they have had a permanent position with regular attachable income for at least a year. However, the self-employed cannot do this, and for that reason alone fall through the cracks. The advertising of the credit intermediaries does not come across as such.
There is definitely no Swiss loan without Credit Bureau for the self-employed
The self-employed and also the freelancers, unemployed and Hartz IV recipients, pensioners or housewives as well as trainees and students are not the target group for the Credit Bureaufree credit from Switzerland. This is deliberately not apparent from the advertising of the credit intermediaries. The adverts are made by credit brokers who not only provide loans but also sell insurance and home loan contracts. In this way, they use the advertising to address potential customers to whom they will sell all sorts of things, but who do not get a Credit Bureau-free loan. There is no Swiss loan without the Credit Bureau for the self-employed. The credit risk of the self-employed is rated as high by the Swiss banks as by the banks in Germany.
How self-employed people get Credit Bureau-free credit
Self-employed people have two options to get a loan despite being self-employed. For example, if there is life insurance with a correspondingly high surrender value, the insurance can be monetized by lending it. It’s like a loan, but without any credit check. There is also no debt because the self-employed practically borrow their own money.
This option is the first choice for the self-employed. If these options do not exist because there is no insurance, you may be able to take out loans from relatives or friends. Alternatively, the self-employed could also try to get credit on one of the online marketplaces where the lenders are private investors. Here, however, the Credit Bureau is then caught up, so this option is only possible if the Credit Bureau is clean.