Most credit institutions do not require credit without bank statements to provide information about their income – often even for the past three months. If you need a short-term installment loan without wanting to reveal your income situation, you have serious alternatives today.
Overview and initial situation
Some loan providers will definitely refuse to approve a loan without bank statements, and of course loans are the ultima ratio if you want to keep your liquidity. But especially when it comes to data protection, it can be discussed. With another type of loan, the question of the account statement is inconceivable from the outset. You can get this type of credit as a commercial loan in many stores, e.g. B. furniture stores or Saturn. A request for bank statements would be far too time-consuming there. Until the goods credit is paid off in full, the goods actually remain in the possession of the seller – as security.
With a traditional loan with an acceptable interest rate, it becomes more difficult. The first step is not to request a loan without bank statements. This signals neediness and raises the suspicion that the credit rating is weak in the long term. Ergo: high probability of failure. Start by asking your bank for your terms.
Replacement information is essential
If there are no bank statements, reputable lenders require at least a household bill as self-disclosure. This is not too beautiful. Anyone who does not mention children or payment obligations commits an offense that can all too easily come to light. If the mere earnings statement is requested, this cannot happen. You should appear prepared for the consultation appointment, i.e. with the pay slip in the documents.
Banks also use the Credit Bureau information to find out your payment behavior at mail order companies, computer shops or the like. If you are a punctual payer, the chances are not bad. Smaller consumer loans can also be “activated” if you bring at least the part of the current account statement that reveals your limit. This reflects whether another bank trusts you.
The fictitious income
Advanced credit institutions waive a loan without bank statements in favor of projections. Bank consultants determine the fictitious disposable income. Customers have no influence on the results, since they consist, among other things, of empirical values for the respective income group: Do customers with your income pay the monthly installments on average? It seems unfair to shove all customers with the same income situation together, but it is also an opportunity for you.