The mini loan without private credit: Worth knowing, tips and providers

Is there a mini loan without private credit? It is a question that you can read in relevant forums as well as well-known help platforms again and again! But where can you borrow money without private credit? Who are trusted providers? How can I differentiate a good, serious mini-loan offer from a bad offer? All questions that are answered in the vastness of the Internet in a variety of ways (not always objectively!). Unfortunately, the answers to these questions are not always backed up with correct and therefore appropriate information. The above questions regarding a mini loan without private credit are so difficult to answer. You just have to move in this environment and build up appropriate knowledge. This makes it possible to find such a special loan offer as the mini loan without private credit.

Basically, the mini loan without private credit is similar to a regular loan without private credit. Common to both is that it is made for people who, for whatever reason, would like to avoid any contact with the private credit when taking out a loan. The reasons for this can be manifold. Those main reasons are undoubtedly in over 98 percent of all searches for a debt-free loan in present negative characteristics. For example, through unpaid bills, canceled checking account, dunning decisions to legal enforcement measures. But the simple desire to simply not want to stand in the private credit with a borrowed credit can be a reason. Because the borrowed credit inevitably leads to a deterioration of the so-called credit score. Consequently, this can often be one of the reasons for the interest in a loan without private credit.

Credit without private credit: No business of classic banks

Credit without private credit: No business of classic banks

But no matter, for whatever reason one ultimately makes the search on the Internet for a loan without private credit or mini loan without private credit, the house bank is the wrong point of contact. The fact is that in such a loan, the classic house bank for a loan of this kind eliminated from the outset. The reason can be found in the credit rating. This means that each bank in Germany or credit institution cooperates with at least one business information service – usually private credit Holding. Consequently, it is decided from the private credit information whether or not an applicant’s loan request is met. If the credit rating of a potential credit customer has correspondingly negative notes, the bank will strictly reject the granting and awarding of a loan. However, this behavior on the part of the banks excludes those people as potential borrowers who, for one of the reasons already mentioned, do not wish to have any contact with the private credit in connection with a loan.

Credit without private credit: The need is great, the dangers too

Credit without private credit: The need is great, the dangers too

But where there is a need, sooner or later an offer will develop on the topic “Borrowing money with a private credit entry”. Those who are interested in a loan without private credit on the Internet can nowadays find a large number of corresponding loan offers without major problems. Incidentally, this also applies to a mini loan without private creditt. The problem with the variety of offers is to filter out legitimate loan offers. Which is not necessarily easy, because the topic “credit rip-off” is quite omnipresent. This is exactly where the real problem begins. Because where people with a financial problem go in search of solutions to those problems, “credit providers” are generally not far away either. Their only goal is the financial exploitation of those people in financial distress. 

But what about the offer ” mini loan without private credit “? After all, the subject of mini-credit is still a relatively recent topic in the local financial world. The mini credit or short-term credit has enjoyed growing awareness only in the last 18 months. This is primarily due to the fact that the number of mini-credit providers has increased significantly in the last few years from one provider to now 4 providers. In comparison to the providers of classical credit without private credit admittedly a vanishingly small number. On closer examination, however, this is anything but disadvantageous.

Not comparable: The mini loan without private credit and the loan without private credit

Not comparable: The mini loan without private credit and the loan without private credit

But why are there any special offers for a mini loan without private credit? A perfectly legitimate question, the answer to which is justified here as in the case of a conventional mini-loan in the loan amount granted or maximum available as well as in the maximum repayment term. For while the normal loan without private credit moves in a credit line of at least 1000 euros to a maximum of 7500 euros and a repayment term of at least 12 months to 72 months, these features are set clearly different for a mini loan without private credit. Anyone interested in a private creditfreien short-term loan, which are usually only loan amounts between 50 € to a maximum of 600 € with a maximum repayment period of 30 or 60 days available. Because of these features, you can also talk about a 30-day debt-free loan with these loan offers.

private creditfreie mini loans thus always serve a smaller credit needs in which the time of repayment is fixed from the outset. At an agreed repayment date, the microcredit granted, including interest and possibly additionally used options such as flash transfer, etc., must be repaid. A deferral of installments and an extension of the repayment term is not possible with these mini-loan offers. This clearly distinguishes the mini loan without private credit from the big brother “Kredit ohne private credit”. The loan without private credit corresponds rather, with the exception of the nonexistent private credit valuation, rather to the classic installment loan.

Mini credit providers rate the private credit information differently

These characteristics of the lower loan amount as well as the short repayment term result in the view that the mini loan provider considers the private credit information to be of minor importance when assessing a credit customer. In this respect, the term “mini loan WITHOUT private credit” is only partially correct, because correctly, it should rather be called ” mini loan despite private credit “. Even the mini-credit providers get credit reports from credit reporting agencies. In addition to private credit, these include institutions such as Creditreform & Arvato-Infoscore. However, most mini-credit providers rate this information significantly differently than traditional banks do. More important is these providers, which can be proven a regular income. However, hard negative features should NOT be revealed in the credit check. Among the hard features include reminders, enforcement measures to the delivery of the affidavit and existing arrest warrant. If such features exist, none of the mini-credit providers will grant a private creditfreien short-term loan.

Another issue that often arises in connection with a mini loan without private credit is the question of the seriousness of such offers. The same applies, of course, to the service providers behind these offers. If you look closely at these mini-credit providers (especially those who also advertise with the slogan “mini-credit despite private credit”), it will be astonishing that behind these offers there are often financial institutions with a corresponding banking license. A fact that is 99% NOT the case with the multitude of “normal” offers for a loan without private credit on the internet. Rather, behind these offers are often called credit intermediaries. Unfortunately, it is rare for credit intermediaries to be transparent from the outset. Who or which institution is actually behind the loan offer without private credit is often apparent only after application.