Santander bank car loan revocation& leasing

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Due to incorrect revocation information, customers of santander bank can still effectively revoke their car loan or leasing contract today. This way you can withdraw from the contract prematurely and return the car. In return, they receive the installments already paid and the down payment back. Get in touch free of charge and without obligation via our contact form. You will receive a written assessment of your legal options and prospects of success within a few days.

Rulings in favor of consumers against santander bank

the heilbronn regional court has ruled that revocation instructions issued by santander consumer bank AG are faulty and that the contract can be effectively revoked (ruling of 25.03.2019, az. Bi 6 O 3/19). The proceedings before the Heilbronn Regional Court concerned a car loan agreement dated november 2016 for the financing of a ford focus. The plaintiff had declared the revocation in august 2018. The court found that the wording included in the loan agreement that a declaration of cancellation by the borrower is deemed not to have been made if the amount owed is not repaid within 2 weeks is incorrect. Thus, the revocation information was incorrect and revocation of the loan agreement with santander was still possible.

A higher regional court, the OLG dusseldorf, also considers the contracts of santander bank to be revocable in several cases due to an inadmissible cascade reference. According to the decision of 17.07.2020, az. I-7 U 175/19, santander bank did not correctly use the statutory model for a revocation instruction. According to the decision of 17.03.2021, az. I-14 U 291/20, and according to the judgment of 09.04.2021, az. 7 U 155/20 the higher regional court of dusseldorf again considers a car loan from santander bank to be permanently revocable.

in addition, there are acknowledgement judgments against santander bank before the ravensburg regional court and the heilbronn regional court: ravensburg regional court, acknowledgement judgment of 05.02.2021, az. 2 O 361/20 and heilbronn regional court, acknowledgment judgment of 18.12.2020, az. 6 O 17/20.

Tip: how much money can i get back?? Use our free online calculator
calculate your economic advantage in the event of a successful recall with our free online calculator. Our online calculator applies to anyone who bought their car after 13.06.purchased and financed in 2014.

BGH ruling on car loan revocation& leasing

The supreme european court ruled in march 2020 that clauses in credit agreements that contain a so-called cascade reference are inadmissible (eugh, ruling of 26.3.2020, az. C-66/19). A cascade reference exists when a contract refers to a law which in turn also refers to another law. Cancellation instructions with such a reference are neither clear nor comprehensible for consumers. In the past, the Federal Court of Justice (BGH) was wrongly of the opinion that the cascade reference was permissible.

With two recent rulings (XI ZR 489/19 and XI ZR 525/19 of 27.10.2020) the Federal Court of Justice (BGH) has bowed to the consumer-friendly requirements of the european Court of Justice and ruled in favor of consumers. In both cases, drivers were able to revoke their financing and demand repayment from the bank. In doing so, the Federal Court of Justice (BGH) has confirmed the ruling of the eugh of 26.03.2020 applied. the defendant bank has used contract forms that deviate from the sample revocation instruction that they XI. civil senate of the federal court of justice cannot grant "protection of existence. The BGH’s reversal on car loan revocation makes millions of car loan and leasing contracts from various car banks revocable.

Faqs santander bank car loan revocation& leasing

What are the benefits of revoking my car loan??
you can cancel the loan agreement early and return the car. In return, they receive back the installments and down payment already paid. In the ideal case, the bank must pay all interest and redemption payments as well as the down payment without deductions. But even if the bank should be entitled to compensation for use, this is in many cases the more lucrative option, especially for cars affected by the emissions scandal.

Who can profit?
The revocation joker can be used by any consumer who has signed a loan or leasing agreement after the 10th month of validity.06.2010, regardless of whether it is a diesel, petrol, (plug-in) hybrid or electric vehicle.

Does this also apply to entrepreneurs?
In principle, the law does not provide a right of withdrawal for entrepreneurs. However, there are narrow exceptions that must be examined in each individual case. For example, if the car was purchased while the business was still being set up.

What if I have financed a used car??
It does not matter whether it is a used or a new car. It is important that the loan or leasing contract is revoked from the 10.06.concluded in 2010.

What if I have already paid the last installment??
In this case, too, the contract can generally be revoked.

What about signs of use or even accidental damage??
Usual traces of use are irrelevant. Whether this also applies to accidental damage must be examined on a case-by-case basis, as it may be that a revocation does not make much economic sense.

What if I have already sold my car?
Here, too, it must be checked on a case-by-case basis whether it also makes sense for economic reasons to extend the loan or to reduce the purchase price. revoking a leasing contract. However, the revocation is generally possible.

Does my legal protection insurance cover?
Legal protection insurance for contracts or motorists is generally valid in the event of a revocation, provided that it was taken out in good time before the insured event and the insurance conditions do not expressly exclude revocation. The insurance case occurs as soon as the bank rejects the revocation.

Santander bank car loan& leasing – this is how you proceed

As part of our free review, we first show you whether there is a possibility of revocation. We also undertake a free coverage inquiry with your legal protection insurance company. If you wish, we will even declare the revocation, so that we take over the complete correspondence with both the insurance company and the bank. Of course we will keep you informed about every step of the process.

AKH-H lawyers: our service package for the revocation of car loans

Free assessment of the chances of success of the revocation
Free advice in addition to that on claims for damages of the car purchase and the statute of limitations
free coverage request with your legal protection insurance
High-performance team with over 20 specialized lawyers and business lawyers
Nationwide representation, out of court and in court
Recommended law firm "revocation car loan" by finanztip
listed firm "revocation car loan" by stiftung warentest

you have questions about the santander bank car loan revocation& leasing? Call us at 0711-9308110 or write us your questions via our contact form.

When you travel by car in europe, there are often additional charges on the freeway: the tolls. No matter where you travel, the toll regulations are different in every country and violations are subject to high fines. So that it does not become unexpectedly expensive for you, you should inform yourself about the most important regulations and special regulations.

Definition: what are tolls?

In many countries of europe it costs money, highways, expressways, bridges or tunnels to drive on. The so-called toll is used to maintain the infrastructure of the roads and to cover construction and operating costs. Furthermore, the toll is supposed to reduce the number of vehicles on the roads due to its costs. This is intended to reduce congestion and the negative impact on the environment on the freeways. If you do have to wait on the freeway, our tips for avoiding stress in traffic jams will help you.

Difference between toll and vignette

A distinction is made between two systems: route-based tolls and compulsory vignettes.

The route-related tolls is a road toll. You pay this toll when you enter or leave the country at a designated toll booth. the amount depends on the distance you travel on the toll route. The amount thus depends on the length of the route ridden and in some countries even by vehicle class. Motorcyclists, for example, pay less than motor home drivers with a vehicle over 3.5 tons.

The vignette against this is a sticker you have to put on your windshield. You buy them at border crossings, gas stations or rest stops on the highway. Look out for points of sale that are marked with a vignette symbol.

The vignette allows you to access for roads, tunnels and bridges, which, however, is limited in time over a period of validity. The vignette shows that you have paid a toll and thus facilitates the controls.

How to affix the sticker correctly?

The application of the vignette often causes confusion. After you have completely peeled off the backing film, you should affix the sticker to the inside of your car windscreen attach the sticker – preferably in the upper area or behind the rear view mirror. It is important that the vignette is clearly visible and not damaged shows. If you have a tinting strip on your windscreen, the vignette must not be behind it in any case. Also on the side windows or the rear window it loses its validity.

Motorcyclists also need a toll sticker, but where do they actually affix it?? The best way is to stick it on the tank or the fork leg, because the vignette should also be clearly visible on the motorcycle and not get damaged.

How to remove the vignette?

Mostly it is a big annoyance for travelers that the vignette is difficult to remove. You should remove expired vignettes anyway, so that there is no confusion at controls. If the vignette cannot be easily replaced, you can use a toll sticker provided for this purpose vignette scraper use. but here a conventional glass scraper will do as well.

If the sticker still remains on the windshield, you can remove it with a sticker damp clean cloth remove. This usually works without any problems, because vignettes are water-soluble.

What is the electronic toll?

In the countries of portugal and poland there are for the toll already electronic payment systems, where the driven kilometers are recorded by a transponder and you pay the amount afterwards.

In austria, in addition to the conventional vignette, there is the digital vignette, which you can order online. Please note, however, that the austrian e-vignette is only valid for 18 days after your online order and is linked to your license plate number. You can also get electronic vignettes for hungary, bulgaria, romania and slovakia. In dublin, london and north of milan, there are some stretches of road for which you have to buy a vignette before your trip register online must.

What is a special toll?

If you pay a toll for bridges, tunnels or passes is levied, this is a special toll. This is how driving on the oresund bridge between malmo and copenhagen costs you a fee. in holland you pay for the passage of two tunnels and the crossing of the willem-alexander-bridge. In austria, you pay both your regular vignette and an additional fee for certain tunnels and passes, such as the brenner freeway or the grobglockner high alpine road. In switzerland, the situation is similar: here, the passage through the st. bernhard tunnel and various tunnels costs an extra fee.

The special toll awaits you in the following european countries:

Austria
Switzerland
Italy
Denmark
France
Netherlands

But there is also the so-called city toll, a charge for driving through city centers to reduce congestion and emissions there. These include:

In which countries do we pay tolls?

While tolls have not yet become compulsory in germany, you will be asked to pay, especially in the west, east and south of europe. If you want to arrive in your vacation destination in comfort, you should always look for a free alternative route via the country roads when planning your route, because these are usually not only toll-free, but also much more beautiful.

In the following european countries you will have to pay a toll on some expressways and freeways route-related tolls, the toll is based on the number of kilometers driven. The entire road network is not always subject to tolls.

France
United Kingdom
Spain
portugal
Serbia
Macedonia
Bosnia-herzegovina
Serbia
Belarus

A vignette is required in these european countries:

Romania
Austria
Switzerland
czech republic
Hungary
Bulgaria
Slovakia

However, there are also european countries where even no fee for the use of the roads:

Moldova
Ukraine
Monaco
Estonia
Iceland
Sweden

Tolls: how much do you have to pay??

The tolls in europe vary greatly and there are no uniform rules yet. To give you an overview, we have summarized the regulations for the most popular vacation destinations in europe:

France

In france you pay a toll, the peage at the entering or leaving freeways and expressways. You pay between seven and 16 cents per kilometer – at every freeway exit. However, this varies depending on the section, route and vehicle class.

In france, however, you can also bypass these stretches and save the toll charge. There are numerous routes around paris, bordeaux, marseille, lyon, in brittany, auvergne and in the alsace/lorraine that are toll-free. Avoid blue road markings, which stand for freeways. However you can special tolls for bridges and tunnels.

Greece

Greece also has route-related tolls on about ten sections of freeway, such as larisa, athens, patras, lavrio, alexandroupolis and kalamata. The journey costs between 2,20 euro and 17,40 euro. With special tolls you will also have to pay in greece.

Italy

In italy all highways cost one toll, the pedaggio, which can be up to 32,90 euro and is paid when leaving the freeway. Also special and city tolls in rome, palermo, milan and bologna are the rule in italy. The amount depends not only on the number of kilometers, but also on the height of your vehicle and the number of axles. You can keep your wallet closed only on expressways, where there are no additional fees.

Great Britain

In Great Britain you are allowed to drive on freeways and highways as well as in tunnels and on bridges from one to the other toll exempted, but in the city centers of london and birmingham city tolls apply. You can also expect to pay between four and six euros on the M6 from Birmingham to Wolverhampton.

Norway

On a trip through norway you can expect only partial tolls, tolls are charged on some roads, bridges and tunnels and in the cities of oslo and bergen. Here you do not pay directly at the tollbooths. Your license plate will be scanned as you drive through. an invoice will be sent to germany later by mail. Inquire before a longer trip to norway about the autopass box, which offers you discounts on tolls.

Croatia

In croatia you pay the toll also according to kilometers driven as well as vehicle class and this must be paid when entering or leaving the freeway. Also special tolls can be due in croatia not only for bridges or tunnels but also for ferries. You pay the fees in the national currency kuna or in euro.

Spain

In spain you can expect the highest tolls in europe, which can be up to 40 euros from barcelona to valencia. In spain, all autopista, i.e. freeways as well as some tunnels and bridges toll. Alternatively you can drive on the highways around valencia, bilbao and barcelona, because there are no tolls there. But rates in spain vary from time to time.

Hungary

In hungary toll sticker obligation for all freeways and expressways marked with an "M. However, the toll system in hungary works fully electronically and you can even buy a vignette for a whole year for 132,64 euro. the vignette for ten days costs 10,80 euro. If you can’t show a valid vignette, you will have to pay a fine of at least 50 euro in hungary.

Tolls at a glance

Here is a brief overview of the tolls in other countries:

country	price	validity	fine
austria	9.20 euro	10 days	replacement toll: 120 euro, fine: 300 euro
switzerland	36,50 euro	1 year	200 euro
slovakia	10 euro	10 days	from 80 euro
slovenia	15 euro	7 days	300 to 800 euro, for immediate payment: 150 euro
czech republic	12,50 euro	10 days	from 185 euro
romania	3 euro	7 days	from 50 euro

Can you pay the toll before you start your journey??

If you need vignettes for the czech republic, austria, bulgaria, switzerland or slovenia, you can buy them before your vacation online, at the ADAC or at the respective border crossings. You can purchase the digital vignette for austria online, via app or at the road operator ASFINAG. However, this is only valid from 18. Day valid after your purchase, if you buy it online. If you buy it at a branch of the ADAC, it is valid immediately.

What happens for toll violations?

If you violate the toll obligation, you will be threatened with fines, that can be expensive. Therefore, you should always stick to the valid regulations and especially not exchange vignettes back and forth, because these are not transferable. It is best to include the toll fees in your travel budget in advance when planning your vacation!

in austria, for example, mobile monitoring systems will check whether you have a vignette. Every passing vehicle is photographed in high resolution and checked to see if there is a vignette on the windshield.

If you travel without a valid vignette and are caught in austria, you will have to pay a replacement toll pay.

At cars this amounts to 120 euro. If you have tried to cheat and stuck a foreign, already used vignette on your vehicle, you have to reckon with 240 euro replacement toll.
Motorcyclists without vignette you pay only 65 euro replacement toll without vignette and 130 euro for an already used vignette.

If you do not pay the toll, the Austrian freeway operator ASFINAG will report you to the police and initiate a fine procedure. Here you will face a hefty fine of up to 3.000 euro, which is also enforced in germany in case of non-payment. In slovenia, you can expect fines of up to 800 euros for driving without a ticket, and in switzerland and the czech republic you can pay up to 195 euros.

How to avoid stress at the toll stations?

It can sometimes be quite hectic at the toll stations. If you prefer a relaxed journey, there are a few tips you can follow. Even before you reach the toll station, you should get in the right lane in time and do not change lanes abruptly. have your EC or credit card ready and then drive close enough to the toll counter. Payment with cash is also possible as a rule.

When you leave the freeway again, you should have your toll ticket in your reach, so that it goes faster at the gates. If the barriers are open, be sure to press the appropriate button to get a receipt. If you are unsure, it is better to drive to the counters where the staff is located.

Also, avoid reversing out of toll booths at all costs. Here, too, there is the threat of high fines, which in italy, for example, can be up to 420 euro. If you absolutely have to drive backwards, inform the staff beforehand and follow their instructions.

If you take these tips to heart and drive carefully, there’s not much standing in the way of a relaxing trip. We wish you a safe journey!

There are many reasons why it may be necessary to borrow money: this can start with the absolutely necessary purchase of a household appliance and extend to car purchases and repairs. Even when it comes to home ownership, the end is still a long way off. But: in germany, most lenders want to know about their customer’s creditworthiness before granting a loan. And if the schufa score used for this is negative, it becomes problematic at the very least; often the loan is refused altogether. What then? Despite a negative schufa score, you still have options for obtaining a loan.

schufa is the largest and most important credit agency in germany – but not the only one.
Based on the schufa data, the banks create a very clear picture of your creditworthiness.
Despite a negative schufa score, you can take out a loan; for example, from private individuals or banks abroad.

This page at a glance

What schufa does

In order to explain credits without schufa, it is first necessary to refer to the schufa or. to enter your scoring. the schufa is a so called credit agency. A private company that collects data on individuals and companies. From this, they calculate a so-called schufa-score. In very simplified terms, this figure tells you how likely or unlikely it is that a borrower or contractual partner will be unable to make a payment due to his or her creditworthiness – for example, to repay a loan in full.

by the way, there are also other credit agencies in germany. However, the schufa is the most important – especially in the private customer sector. In its 2019 credit compass, schufa said it held information on 67.7 million natural persons and six million companies. This corresponds to almost all of germany’s population over 18 (69.46 million).

How schufa obtains its data records

schufa receives its information from its contractual partners. Most german banks work with schufa, as do leasing companies, cell phone providers and many other companies that deal with finance or regular payments.

in this case, cooperation means that you provide schufa with data about your customers, specifically their payment history. They are allowed to do so, because they have always received this permission from you in writing. When you open a checking account with a bank, for example, there will always be a passage in the contract documents that allows the bank to share your data with schufa; the situation is similar for most contracts that you will conclude in the course of your life. In return for passing on the data, the contractual partners then have the benefit of access to other data records via the schufa information – one hand washes the other.

Although schufa keeps the exact details of its scoring secret – it also uses publicly accessible data – you can still assume that it will be informed of both positive and negative "financial behavior" in a timely manner. In this way, a precise picture of each person is created, i.e. the score or schufa entry, and thus conclusions are drawn about their creditworthiness.

Summary

schufa is a private company that collects data on individuals and companies.
The schufa score ultimately decides whether you are creditworthy or not.
schufa mainly works with banks to obtain its data.
Most contracts include a clause about allowing a company to share data with schufa.

What schufa entries are all about

This means first of all: anyone whose data is held by schufa automatically has a schufa entry. However, this alone is not problematic. This will only be the case if negative schufa entry deals. For example, because you have defaulted on an installment for a loan. Then you have a "bad credit rating", a "negative schufa".

the derivation is simple: the more negative features a person accumulates in his or her schufa entry and the more frequently he or she receives a negative entry there, the further his or her schufa score drops, and the lower his or her credit rating becomes. For all those who use this scoring value, the picture is one of high financial risk if they work with this person despite negative schufa. this is the usual reason why people with a negative schufa entry do not get a loan. However, there are others that apply even without negativity:

self-employed/freelancers. You cannot, in this sense, prove a permanent employment with a regular salary receipt. Many banks also see this as a high risk. in reality, however, it depends on the individual case – someone who has just founded a company is a greater risk than the head of a company that has been operating successfully for years. The latter will probably also get a loan from normal banks, only at worse conditions than any of their employees.
Trainees. They receive only a very low salary, and their jobs are usually limited in time for the duration of their training.
Pupils and students. From a banking perspective, they are subject to the same risks as self-employed persons.
Unemployed people who receive unemployment benefit 1. this is limited to one year before reaching the age limit and is therefore also a risk.
Unemployed people who receive unemployment benefit 2 ("hartz IV"). In addition, these persons can obtain (small) loans without interest from the job center in emergency situations. However, this does not apply to people with a permanent job who top up their income. They are often eligible for regular loans.
pensioner. You can prove that you have a regular income, but depending on the loan amount, a bank may consider the remaining lifetime to be too short for a full repayment. Sometimes this means a high monthly rate and/or additional collateral.

the german credit act

in plain language: the banks do not grant a loan if, due to the negative schufa entry and/or other factors, the risk appears to them to be too great that they will not get the money back in full, including interest. This has nothing to do with bad intentions, but is anchored in law. Every institution that is subject to the German Banking Act (KWG) (in other words, all banks, savings banks, etc.) has a negative credit entry.) is obliged to approve loans only if there are no substantial doubts about the applicant’s creditworthiness. $18a KWG states as follows:

"the credit institutes check before concluding a consumer loan agreement the creditworthiness of the borrower. The credit institution may not approve the only conclude a consumer loan agreement if the credit check shows that there are no significant doubts about the creditworthiness of a general consumer loan agreement and that, in the case of a real estate consumer loan agreement, it is probable that the borrower will fulfill his obligations in connection with the loan agreement in accordance with the agreement."

Important: if you are refused a regular loan with reference to your schufa entry, your first action thereafter should be to apply for a schufa self-disclosure (according to article 15 DSGVO); this can be applied for once a year free of charge. Because: sometimes a schufa entry can also be false – for example, because it actually belongs to another person with your name – or still persist negatively, although the problem behind it has long been eliminated. In such cases, you should immediately notify schufa and have this entry corrected, if necessary with written evidence!

At this point, the loans in spite of or without schufa come on the tableau. This means: for these loans, lenders either do not use the schufa information or (this is the more common way) ignore it for the evaluation of the risk. For you, this means that there is usually always a possibility to get a loan despite a negative entry – because the cooperation with the credit agencies is common practice in many countries, but not a cross-border obligation.

Summary

any action that schufa becomes aware of can affect the score.
If, for example, you have defaulted on an installment for a loan, you have a "bad" credit rating.
The banks will not grant a loan if they consider the risk posed by the negative schufa entry to be too great.
In addition to a negative score, there are other factors that make it difficult to obtain credit. Among them unemployment, but also self-employment.

Loans despite negative schufa – this is how it can work

the bank refuses you a loan with reference to your creditworthiness. your personal schufa information shows that your score is justifiably bad. This is a clear obstacle, but it does not mean that you would no longer be able to get a loan as a borrower.

An additional borrower

Your first option could simply be to take your partner, a good friend or a close family member on board as an additional borrower. If this person has a better credit rating and – very importantly – his own income, the risk for the bank is divided between two borrowers, thus increasing the probability of a regular loan. especially if your score is only weak-negative, this is a multiple functional option.

Loans from private to private

Your second option could be to become a borrower on private way. You contact a person from your environment and ask them whether they would consider a credit-free loan to you. this is theoretically and practically a viable and popular option – because many people have people in their immediate environment who have the necessary money. in addition, there are now also online platforms that mediate such loans between actually unknown persons.

However, you should not think that this would be a loan without APR and similar formalities. Although no schufa query needs to be made here – after all, the private individual is not subject to the German Banking Act (kreditwesengesetz). Nevertheless, the german state has worked out rules here as well. Concretely it is about the interest. Then applies:

Interest is treated for tax purposes like any other income from capital assets.
The lender must therefore pay 25 percent final withholding tax and (still) 5.5 percent solidarity surcharge on it.
If he does not do this, he commits a tax offense.

But let’s assume you borrow from a relative with no credit history. Couldn’t you then simply do without interest altogether?? Well, it depends. in such cases, the tax office always assumes that you have received a gift – which of course is subject to a gift tax. However, depending on the degree of connection, there are sometimes high free amounts over a term of ten years:

Tax class amount

tax class 1 (spouse)	500.000 euro
tax class 1 (children)	400.000 euro
tax class 1 (grandchildren)	200.000 euro
tax class 2 (siblings, parents, nephews, parents-in-law,…)	20.000 euro
tax class 3 (relationship partner, distant relatives,…)	20.000 euro

Even if your relative does not want to take interest, the tax office will still apply a fictitious effective annual interest rate of 5.5 percent. If the theoretical interest sum over ten years then exceeds the exemption limit resulting from your degree of relationship, you may both have to pay gift tax.

This means for you:

do not choose your private lender only according to your personal relationship, but in any case pay attention to the exemption limit necessary for your credit without credit history.
Agree on a low, but market interest rate>/=3%, then the tax office does not assume a gift.
Do not conclude only a verbal contract under any circumstances. prepare a document with the amount, the annual percentage rate of charge, the monthly rate, the term and, if necessary, the collaterals. So what is also in the contract with banks.

Anything else not only has the potential for trouble with the tax office, but has also broken up many a family relationship. And of course, even if it’s your mother, uncle, sister, you should be as disciplined in repaying a personal loan as you are with banks.

Loans with foreign banks

Your third option would be a loan from banks abroad. Terms such as "swiss credit" have become established here – even if it is only in name swiss credit deals. the basic principle is always the following: german banks must as mentioned, make a schufa inquiry. foreign banks, on the other hand, usually do not work with schufa, but with other credit bureaus from their country. That means, neither a schufa-inquiry is obtained, nor does your schufa-score have any meaning there.

You ask yourself why not everyone with negative schufa proceeds in this way to get credit despite negative schufa? It is in the peculiarity of the swiss credit. Because, of course, foreign banks do not take unacceptable risks either. you just replace the schufa information with other securities. These are mainly:

Current proof of regular income. For example, salary slips, pension statements or balance sheets for self-employed persons. In addition, as a rule, also tax documents.
proof of collateral that can be used as a substitute in the event of default, such as real estate, shares, etc.
Often high interest rates. Higher, at least, than would be usual for a regular loan in this price range. This means that your monthly rate will be higher.

This means that even with a loan despite bad credit history, you will be examined very closely and your creditworthiness will be checked; often even more closely than would be the case with credit history – somehow the credit institution has to reinsure itself against a payment default. And despite all the documents, it is also possible that you will not be granted a loan because of poor creditworthiness. Because, and here lies an often misunderstood detail, the loan is granted without or without a mortgage. Despite schufa mediated, it is however not mediated with respectable offerers to people with disastrous financial situation. Those who do this nevertheless often belong to the list of dubious providers.

It should be clearly underlined that such loans are always made through foreign countries. Although there are institutions in Germany that claim to offer credit despite schufa, these are only credit brokers, not independent banks (i.e. they are not subject to the German Banking Act) and always work together with foreign banks – often, although not always, in switzerland or in other countries. Liechtenstein. This is also the reason why it is called swiss credit.

Summary

If you can’t get a loan, you can get your partner, a good friend or a close family member to be an additional borrower.
You can also contact a private person and ask whether they would consider a credit-free loan to you
The third option is a loan with banks abroad; these usually do not carry out a schufa query.
Please note that your creditworthiness will be checked more closely than it would have been with schufa.

A serious credit despite schufa – you must pay attention to

For many people the schufa has a negative effect. After all, this is a rather non-transparent (and therefore much criticized) company. However, you have to understand that the credit agency in connection with the german laws for banks also gives you security as a borrower – if you get money paid out thanks to a passed examination, this also tells you that you are working with a reputable provider, because otherwise he probably would not have received a credit report.

In the case of credit despite schufa, i.e. credit from foreign providers, you do not have this security feature. So you have to be careful yourself to recognize dubious providers. But which characteristics stand for seriousness?

The provider takes into account your financial situation. He tells you, for example, that he will not give you a loan because you already have too many debts or your salary is too low for the desired amount and term – which you should listen to urgently in order not to get into real debt problems.
The provider does not take exaggeratedly high interest rates. For a credit without credit history you always have to pay a little more, but high double-digit interest rates are a very critical feature and usually stand for "loan sharks" – hands off!
The provider requires collateral from you in any case and does not give any guarantees that you would get a loan in any case regardless of poor credit rating.
The provider does not want to have money from you first, before he acts at all.
the provider does not ask you to transfer your salary to him or even wants blank powers of attorney.
The provider does not send documents cash on delivery or has consulting hotlines that cost a lot of money per minute.

in short: a reputable provider sees you despite negative schufa as a normal borrower, to whom he lends money, if the other conditions are right. And if you are looking for such a swiss credit despite negative schufa, you should also basically first of all screen the name of companies on the Internet – you can assume that unserious providers quickly stand out and you can find enough reviews.

And of course: if, despite all your attempts, you really only have providers left who fulfill all the characteristics of a credit shark, you should ask yourself very carefully whether a credit despite schufa would really eliminate your financial problems or whether it would not rather contribute to deepening them.

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