If you want a vehicle, you have to answer the question of how you want to finance it. There are generally two common ways to do this: either you save until you have reached the desired amount or you get a loan. In the case of smaller sums and young people, relatives are often considered in this regard, otherwise a bank car loan is required. This is actually not a special problem, unless it is a car loan despite private credit checker entry.
The particular difficulty with a car loan despite private credit checker entry
If you want to have a car loan despite a private credit checker entry, you are struggling with the problem that you are actually asking the bank not to carry out one of the classic steps for checking creditworthiness. Whenever a financial institution is asked for a loan, it takes a closer look at the creditworthiness and the entry in the protection group for general loan protection of the borrower. If one of the two conditions cannot be met, a loan is actually eliminated. In its entry, private credit checker primarily provides information about past debts and late payments.
The car loan despite private credit checker entry
Agree banks are generally only willing to grant a car loan despite private credit checker entry under two conditions: either the applicant has an outstanding credit rating or he can get a permanent job through the car and thus significantly improves his credit rating. The strongest argument that any applicant who asks for a loan without private credit checker can give is that this loan significantly improves their financial situation. Banks are required to improve their customers’ economic situation. If this can be proven to be the case with a car loan, then it is quite possible that you simply ignore the private credit checker entry.
The solution with a foreign bank
It is even easier to get a car loan from a foreign bank despite private credit checker, since many of the financial institutions grant the loan entirely without private credit checker. In plain language, this means that they do not even look at the entry when granting the loan and do not report the loan then granted to the protection association. Most of these financial institutions in the Federal Republic appear in the form of a direct bank. This means that they operate exclusively on the Internet and do not have their own branch business in Germany.