At first glance, a loan without Credit bureau and upfront costs is a serious advertising promise. Preliminary costs should not be charged for loans with or without Credit bureau. Unfortunately, it is still unclear whether the loan offer for a Credit bureau-free loan with no upfront costs is actually a serious offer. The post reveals what you should pay attention to.
Credit without Credit bureau and upfront costs – serious?
The advertising for a loan without Credit bureau and upfront costs comes from a credit broker. The media often gives a bad impression of this industry. It is not entirely fair. Some reputable credit intermediaries have been helping their clients through a difficult financial period for decades. They are only paid for this help if the desired loan is paid out. They are already trying to get rid of free riders and dubious traders by advertising a loan.
Nevertheless, the targeted search for such advertising does not automatically protect against the black sheep in the industry. Although a loan was advertised without any upfront costs, dubious cost claims can very well be found in the terms and conditions or the agency contract. For your own safety, it is important to only sign a brokerage contract after you have read the terms and conditions and the contract in detail. If a document is missing, this can be an accident. But it could also be intentional.
Rethink service offers properly
A loan without Credit bureau and upfront costs refers to the direct upfront costs for the loan request. However, special service offers are not automatically free of charge. If a home visit is desired, then steep travel costs can be expected. In relevant forums, borrowers who wanted to visit the house reported travel costs of 200 USD. If you do not want to take this risk, you go to your agent yourself, answer the phone or stick to correspondence.
However, if you can only call on a chargeable phone number, then the internal alarm systems should shrill. By expelling and announcing the price to be paid, the cost trap is legal. Whoever calls back on such a phone number is guaranteed to get a high phone bill and still no credit. Applying online for a loan without Credit bureau is particularly easy, and a trap can also be set up here.
Unfair loan offers – address trading
Address traders use every opportunity to get legal information. It is not only free competitions to win the addresses that are typical. The promotion of a loan without Credit bureau and without proof of income provides much more detailed information than any competition. The consent to the transfer of data takes place via the usual mouse click for the terms and conditions. Very few people actually bother to study the terms and conditions.
This intimate data is particularly interesting for credit agencies. No directory inquiry company can expect a better basis than the honest data entry, which is always necessary for a loan application. If you suddenly can no longer order online on account, you could have fallen into exactly this case.
If you want to apply for your loan risk-free and conveniently without Credit bureau and upfront costs, you should stick to an established credit broker. However, he could apply for the loan directly in Liechtenstein, at the only approved bank.