{"id":10853,"date":"2023-01-14T11:05:42","date_gmt":"2023-01-14T11:05:42","guid":{"rendered":"https:\/\/chettioan.com\/?p=10853"},"modified":"2023-01-26T07:00:41","modified_gmt":"2023-01-26T07:00:41","slug":"how-to-apply-for-a-loan-without-negative-schufa","status":"publish","type":"post","link":"https:\/\/chettioan.com\/how-to-apply-for-a-loan-without-negative-schufa-10853.html","title":{"rendered":"How to apply for a loan without negative schufa impact"},"content":{"rendered":"

Consumers take out a loan for various reasons. They use it to finance their studies, a trip or to reschedule debts. What many people do not know, however, is that a credit request can affect your own credit rating and Schufa. Learn now what to look for in a loan application so that it is carried out schufaneutral.<\/p>\n

In 2016, there were 7.67 million new installment loans taken out in the Federal Republic of Germany. What defines a credit request? How to make a credit request without negative SCHUFA impact? Does the credit condition request represent a good alternative to ensure a stable credit rating? These and other questions are answered in the following article.<\/p>\n

Credit inquiry: definition and difference from credit application<\/h2>\n

Many terms, one solution – The credit condition inquiry<\/h3>\n

If you are looking for a suitable loan, you will encounter many different terms. This can quickly lead to customer confusion.<\/p>\n

Overall, it is necessary to distinguish three terms.<\/p>\n

The credit condition inquiry and the online credit inquiry serve to inquire about the conditions of a small loan in order to achieve the goal of the credit application.<\/p>\n

Before the bank approves a loan, the credit institution inquires with Schufa about the consumer's creditworthiness. The so-called "inquiry credit" – short AK – leads to an increased score value, if the conditions are inquired at several banks. If the banks pass this on to Schufa as AK, there is a suspicion that several loans are applied for. As a result, the protection community assumes poor economic circumstances of the borrower. This leads to the fact that the credit application fails. If the banks make a credit condition inquiry (KK) takes this no influence on the Schufa.<\/p>\n

If the customer wants to obtain information on the conditions of loans without triggering a negative score in the Schufa file, a credit condition inquiry is to be made. If the bank advisor transmits the condition inquiry to Schufa, this has no influence on the customer's score value. This principle is also followed by Vexcash. If the customer wants to take out a loan with Vexcash, the check is made via a credit condition inquiry. Thus, it is a credit request without Schufa deterioration.<\/p>\n

There is a serious difference between the credit inquiry and the credit application. First, the bank submits a request to the credit bureau. This is a control of the economic situation. When applying for a credit offer, the credit institution must be instructed to initiate the credit process. During this period the credit processing department of the house bank checks the creditworthiness. In the course of this process, the loan application may be made.<\/p>\n

If the bank plausibilizes the credit application on the basis of the account data, it makes, for example, the condition request to the credit agency. Through this condition request, no negative Schufa entry is to be feared.<\/p>\n

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Credit inquiry without negative SCHUFA impact – The solutions<\/h2>\n

Meaning and advantages of the credit condition request for a credit request without negative Schufa impact<\/h3>\n

If bank customers make a loan request to a German bank, the credit institution forwards the financing request to Schufa. If the creditworthiness of the applicant is sufficient, the credit neutral feature "Inquiry credit conditions" is used. This denotes non-binding information about the current financing conditions of the credit institutions.<\/p>\n

The process does not bring negative consequences for the bank customer, as he inquires about the possible credit conditions – for example, for an installment loan. Subsequently, the financial institution turns to the credit agency with the condition inquiry, if it answers the loan inquiry positively.<\/p>\n

If the customer makes the condition inquiry, the different conditions of several banks should be compared. If the house bank sends the inquiry to Schufa, it remains stored in the Schufa file for twelve months. Who wants to become more creditworthy, can have specific Schufa entries deleted. Other counterparties of the credit agency – for example, other banks or savings banks – do not see the condition request in the file. Therefore, it does not affect the credit rating.<\/p>\n

How the condition inquiry differs from the credit inquiry?<\/h3>\n

Just like the credit conditions inquiry, Schufa stores the credit inquiry in your file for one year. One difference is the publication of the information. Other contractual partners of the credit agency view the characteristic over a period of ten days. If the prospective borrower makes a credit inquiry with several banks, the entries provide for a worse creditworthiness. Subsequently, the bank receiving the loan request rejects the request due to the supposed negative credit rating.<\/p>\n

Another difference is the liability. The request for conditions has a purely informational character. Initially, no documents are submitted. Only after the credit comparison follows the binding credit request.<\/p>\n

Procedure of the credit conditions inquiry<\/h2>\n

How does the condition inquiry with the Schufa take place?<\/h3>\n

In order to find out the loan conditions at the house bank, it is advisable to contact a bank consultant. Alternatively, an appropriate online form should be completed.<\/p>\n

Condition inquiry or credit inquiry – Which is better for the consumer?<\/h3>\n

During the personal conversation it should be explicitly stated that non-binding information is desired. Otherwise, there is a risk that a binding credit request will be made inadvertently.<\/p>\n

Once the consumer expresses a desire to request the terms, an inquiry process is set in motion:<\/p>\n