In Germany, it is relatively easy to get a loan with good credit and a corresponding income. This applies in particular to people who are employed under a social insurance obligation. Freelancers and the self-employed have a commitment even harder. The income situation is too uncertain, so that the banks reject a loan in this case. In the same way, it can also be people who have a good credit rating and a stable job, but in which the banks nevertheless refuse a loan. Often the case occurs when a loan is applied despite existing credit.

Credit from abroad

Credit from abroad

The banks do not like it when a loan is applied for despite existing credit. As a rule, this inevitably leads to a refusal, unless the first loan is almost paid off. Then hopes for another injection of cash rise. A loan is always reported to the private credit. A bank first checks the data in the private credit and sees immediately that the loan seeker already has to pay off an existing loan. It also does not use anything if you turn to another bank. The only way to get a loan despite having a loan is through foreign countries. Foreign banks do not ask for it, and a loan from Switzerland or Liechtenstein is possible at any time if the conditions are right. This includes a permanent job, a minimum salary of 1,100, – Euro net and a permanent residence in Germany. With these conditions, nothing more stands in the way of another loan.

Loans from private individuals

Loans from private individuals

Another loan can also be requested via the internet platforms Smava or Auxmoney. There are no banks in the background, but private individuals. The entries in the private credit are indeed checked, but here it is up to the investors, whether they approve the loan of the requesting person despite existing credit or not. For investors, the incentive is the level of interest, which is well above the level of other forms of investment. Since a higher return is expected here, these investors are more willing to lend, even if the banks have already rejected.