Unemployed and a negative entry in the Credit Bureau register are not good conditions for applying for a loan. No conventional bank will give a positive loan approval unless it has a regular income and a clean Credit Bureau.
The non-attachable income that the unemployed receives as unemployment benefit from the employment agency is not a secure basis for a loan. The default risk is also too high for foreign banks such as Switzerland. This is why it is difficult for self-employed or freelancers to get a loan because these people cannot prove a regular income.
Collateral is positive for banks
It is possible to obtain a loan if sufficient collateral can be presented. Collateral that must be presented by a life insurance company or a debt-free property. If these securities are not relevant, there is almost no possibility of obtaining a loan for unemployed people with a negative Credit Bureau and without a guarantor. If the loan applicant has property that represents a material value, he still has the opportunity to sell it in a pawnshop.
Here the value of the item is paid out without Credit Bureau information. Proof of income is also not required. If the loan seeker only wants to bridge a financial shortage for a short period of time, he can retrieve his pledged item at any time, the term is three months. Interest rates are low. If the loaned item is not picked up, it will be put up for auction. Profits from this are paid to the borrower minus the loan amount.
Try to get a loan
Loan for unemployed with negative Credit Bureau and without guarantor possible with credit from private to private
Either the unemployed person tries to get a loan from relatives or friends. The advantage of such a loan is that it is usually granted without interest. However, there should be a basis of trust between the donor and recipient. The handover should be recorded in writing with the agreed conditions. A credit from private to private can be granted on the Internet on the relevant portals. The borrower usually has more favorable conditions with a personal loan than with a bank.
However, the private lender also requires a certain creditworthiness for a loan for unemployed people with negative Credit Bureau and without guarantor. Among the providers of private to private loans, there are more lenders for an unemployed person with a negative Credit Bureau and no guarantor than with conventional financial institutions. As a limitation, it should be noted that the loan amount will then not be as high. Even if there is a financial constraint, a loan seeker should not get into the hands of dubious credit brokers. These promise money and collect even before the loan approval, which is not legal.