In Germany, the guidelines for lending are very strict. Even the slightest negative entry in the relevant business information files is enough to refuse a loan. For this purpose, however, there are the so-called Good Lender loans, which have been successfully offered in Germany for several years. But unfortunately there are also windy traders who don’t even offer a Good Lender loan without prepayment. What should consumers pay attention to?
Good Lender credit without prepayment
Caution is advised when prepayment is required for a Good Lender loan. Such a loan application is generally free of charge. Fees are only payable upon successful mediation, which are then payable by the borrower. Financial service providers who broker a Good Lender loan without prepayment live on these fees. However, if for any reason there is no credit contract at all, the intermediaries may not charge any fees. A rejection by the bank is their risk.
How can you protect yourself?
Special features for a dubious loan are prepayment, announcement of a representative visit and the conclusion of insurance. The payment of documents by cash on delivery is also a sign that things are not right. A serious broker does not want to have any money in advance. He forwards the documents sent to him to the Good Lender banks and is entitled to a commission if the loan is successfully brokered. Not previously.
There are plenty of brokers on the Internet who want to act and help for the benefit of their customers. With a regular income, there is usually no problem with a Good Lender loan without prepayment. However, the maximum amount is limited to 3,500 USD. That is the usual rate for such a loan and unfortunately nothing else is included. But for a lot of consumers that is a huge help. It is bad for those affected if they have paid in advance and have to conclude that they have been cheated. Those who pay attention to the features already mentioned do not fall for such offers.
Is a Good Lender loan legal?
Of course, a Good Lender loan is legal, even if it is a little more expensive in interest than at s. It is not forbidden that foreign banks also offer their services in Germany. The permanent job serves as security. Even if the banks in Germany no longer grant loans, consumers can definitely turn to foreign banks. The mediators facilitate this project, because it makes a trip to Switzerland superfluous.