There are many reasons why credit seekers are looking for a loan without a guarantor. The guarantor is always burdened with the same credit as a borrower at this point. Thus, this is a contingent liability for a guarantor, because if he wants to take out a loan, it can lead to difficulties. Often, a bond is accepted for the friendship and no one knows exactly what this can have consequences. Even if a guarantee is actually not claimed, it is still stressful. For this reason, it should always be tried that a loan without guarantor is possible.
What is required for the loan without a guarantee?
If you really want to have good chances for a loan without a guarantee, you have to be absolutely creditworthy. This means that he is not biased by other credit obligations, that he has no negative entries in the credit bureau and that he has a regular income from a permanent position. If you can do all this, you will certainly get a loan without a guarantor. The chances become significantly worse, if only a low income is available, if the prospective customer is employed by a temporary employment agency or if his employment contract is only temporary.
Many people also have bad cards, because you only have a mini-job or just because a negative credit bureau information is available. At this point, it becomes really difficult when a loan without a guarantor is sought. While all the criteria for lending can be met, the income is too low and chances are simply bad. Since there are no minimum wages in Germany, there are many people who really earn little. They are in part the whole day at work and do not get more like a Credither receiver. Anyone looking for a loan without a guarantor here will have no chance that the loan will be approved. The odds can only be increased by other collateral and this can, for example, be a life insurance that has already achieved a certain surrender value.
Are there other options like the banks?
Many people try it at all banks and make loan inquiries. If you have already failed several times, you should probably turn to a credit intermediary. Due to the good cooperation of the intermediaries with banks at home and abroad, they may be able to organize a loan without a guarantor. However, it must be assumed that the increased risk also means that increased interest has to be paid.