The short form private credit checker stands for business evaluation and thus a company is fully checked. A bank can use this to determine the risk of default when granting a loan. This is of course directly related to the decision. Anyone who shies away from this information as an entrepreneur usually gets information about the loan for the self-employed without private credit checker. Generally, the private credit checker is created in a financial accounting company. The private credit checker represents the earnings situation of a company and thus the cost and revenue situation. A balance sheet only shows data from the past and is not accepted by a lender. The lenders receive the essential information from a private credit checker.
Can a loan for self-employed persons without private credit checker be obtained from the bank?
Anyone who chooses a loan from the bank should know that a bank always wants sufficient collateral. In general, it is not easy for a self-employed person to grant a loan because it is assumed that there is an increased risk of default. No German bank will have a loan if the private credit checker is to be canceled. This is due to the fact that a freelancer or the self-employed must first feel a negative development in the overall economy.
Otherwise, there are usually hardly any reserves with these people where they could be accessed in the event of a loan default. The prospective loan seeker looking for a loan for the self-employed without private credit checker should check for himself how much sense a loan makes. Usually there has to be a reason if the private credit checker is bypassed. If a company is not doing well, this should be recognized and combated. Otherwise, many companies run the risk of becoming indebted over time.
Loan for self-employed persons without private credit checker as a personal loan
If you absolutely want a loan for the self-employed without a private credit checker, you can consider a personal loan. Freelancers and the self-employed are making increasing use of personal loans because the test is not as strict compared to a bank. At this point, private investors act as lenders and not a credit institution. A borrower has placed a project on a platform on the Internet and private individuals can participate.
The applicants often do not need a credit rating, only the company must have been active for two years. A prospective customer can enter a desired interest rate on the platform, which is, however, approximately customary in the market. If the creditworthiness is poor, then risk premiums are often also awarded. In comparison to a bank loan, a personal loan is often a lot cheaper.