You can still get credit in hopeless cases.

With a regular income and a good credit rating, it is relatively easy to get a loan from the bank in Germany. The maturities can be freely selected within a certain framework, and the choice of banks has also grown due to the Internet.

Nevertheless, there are unfortunately also cases in which a loan is rejected. This is due to insufficient income or a negative balance of payments by the customer. If invoices or loans have not been paid on time or not at all in the past, this will be noted in the Credit Bureau. From this point on, it is almost hopeless to get a loan in Germany.

Financial service providers can help

Financial service providers can help

In many cases, financial service providers could make a loan possible in hopeless cases. However, this presupposes that no affidavits have been made or that the customer is not in a personal bankruptcy procedure. These financial service providers specialize in brokering a loan in such cases, which they are able to do in most cases due to their decades of work.

Of course there are hopeless cases here too, but in principle everyone can turn to such a financial service provider. A request for a loan is always free. After a loan agreement has been concluded, there is only a commission for the intermediary, which is payable by the borrower. In most cases, it is included in the loan amount.

Warning of dubious traders

Warning of dubious traders

Unfortunately, there are also intermediaries in this industry who do not act for the benefit of the customer. For a loan in hopeless cases, you first require a prepayment for dubious services. A credit contract never comes about. Therefore, caution is advised if a credit in hopeless cases involves prepayment by cash on delivery, a visit to a representative or the conclusion of insurance. If these features appear in such an offer, then it is strongly discouraged. The past has shown that no loan was signed at all and that the victims never saw their money again.