Payday loans direct lender online -Get online payday loans direct lenders here

Get online payday loans direct lenders here 

One of the points of microloans is that it will be quick to get the money deposited into their account. That money is paid out so quickly is one of the things you pay for when you take an online payday loan direct lender. If you want to apply for an online payday loan direct lender, our tip is to click here to view gadcapital.com’s pricing information

Some loan institutions advertise that you can get a loan very quickly. The money should be deposited into your account within a few minutes. This is really what you can call a microloan right away. The truth behind this can be anything from you really getting the money after a few minutes to it can take a little longer. It is often the case that the lending institutions cooperate with certain banks where it is faster to deposit the money. If you have an account there, your microloan will be deposited immediately. If you do not, it may take an hour before the money is in the account.

There have also been new rules in recent years that have limited how quickly the lenders can say that the money should come into the account. They are no longer allowed to advertise, for example, that the money is in the account within 10 minutes or similar in a short time.

Common payment terms

Since there is nothing to say that the loan institution that you are applying to has a collaboration with your particular bank, it can be good to know what the standard time usually is for micro-loan payments.

Usually, if you apply for a loan before 1 pm on a weekday, the money will be available in the account sometime between 3 pm – 5 pm the same day. This may not be a microloan where the money is deposited directly with it being a very fast loan.

If you are applying for a loan on a weekend or a Friday, it will take a little longer before you have the money in your bank account. Then it is Monday morning that applies instead.

Just keep in mind that this example is not something that certainly applies to all credit institutions. Some may be faster while others are slower. However, it is common that it takes about this long to get your microloan.

Compare microloans

Compare micro loans

If speed is the most important thing to you, the risk is greater than you can pay a little more money, since unfortunately, it is not certain that the cheapest lending institution is the one that also pays out money fastest.

Therefore, please look at our comparison of microloans and make a decision on whether it is most important to get the money right away or if it may take a little longer but then maybe get a little cheaper.

7 Factors of Failure in Submitting a Payday Loan

Sometimes, people are faced with several choices so that they can choose what is best for themselves. However, not a few of those who have no other choice so inevitably that choice must be taken. Of course, not everyone wants to apply for a payday loan including payday loans without collateral. However, sometimes the economic or financial conditions which then encourage to take this loan. However, not all loans can be received easily.

There are at least 7 factors that cause loan applications to fail. Please note.

Verification Failure

personal loan

Verification failure can be caused by many things. When you fill out the loan application form, you will also be asked to write down numbers that can be contacted both personal numbers and office numbers. The lender or lender may not have contacted you and that means the loan application has been declined. It could be that writing a form that is not clear, the number dialed is not active or when contacted is not answered. There are many things that happen during the verification process.


Fraud or fraud

Fraud or fraud

Furthermore, what makes a loan application rejected is data forgery or fraud. Faking personal data, documents or other information is a fatal mistake in the world of credit or banking. Therefore, if it is proven to be false, it is not only one bank or lender that will reject it but also other banks. The name of the borrower who falsified data can also be entered into the Black List, meaning that any future submissions will be rejected.


Document Unreadable

Document Unreadable

Even though the form has been filled in completely and is readable, it is possible that the document provided was not read during the verification process. This can be caused by several things such as unclear photocopies, unclear writing and various other things. If the document is not readable, the next process cannot be executed. This means that the loan application will not be processed because the documents provided are not legible by their system or by the computerized system they are using.


The Amount of Credit Submitted is Too Large

credit loan

The next factor is the amount of credit submitted is too large. Of course, every borrower or borrower wants to apply for a large amount of credit in the hope that he will build a business or the money obtained can be used for many things. However, each loan will be subject to limits or limits depending on the amount of income or other things. Therefore, the loan application includes a payday loan without collateral, if it is too large and exceeds the limit, then it will not be processed or rejected by the bank.


Credit Card Bill Arrears

Credit Card

If all the above processes have been carried out starting from verification OK, No Fraud, documents are also read, the amount of credit submitted is also appropriate, but not necessarily the bank or lender will simply lend money. The bank will see how many credit card bills are in arrears. If outstanding bills cannot be tolerated, it is certain that the loan application will also be rejected by the bank. The bank does not want to take risks.


Bad Credit History

Bad Credit History

The Bank will also see the credit history of the borrower or borrower through BI Checking. If the results of this BI Checking are negative, it means that a bad credit history can be too many fines, late payment and various other things, then the loan application will also be rejected by the bank. Once again, the Bank does not want to take a big risk.


X factor

personal loan

Yes, it cannot be denied if the failure to apply for a loan can also be caused by a factor of X. These X factors come in various forms and cannot be easily understood. If all processes from start to finish are OK, then it turns out to be rejected, it means that the X factor also works. The X Factor here can be anything including the country’s economic condition, financial condition of the bank and so on.

From some of the points above, it is known that borrowing some money for any purpose has become part of the needs of some people. However, failure to borrow money due to several factors above is not the end of everything. There are still other ways such as borrowing from family, friends, or in financial institutions with a peer-to-peer lending system that is now starting to emerge in the community.

Credit without a job | How to get yours

For many people, unemployment is not only a new and unusual phase of life, but also a major challenge in the financial area. Even if the phase without work may only take a few months due to a retraining or a change of employer, a credit without a job can be recommended to bridge the time , so that you do not have to save yourself.

However, this situation is relatively rare, since in reality long-term unemployed or Hartz IV recipients are more interested in a jobless loan that is intended to cover the monthly costs alone. Under the circumstances, however, at least since the financial crisis, it has been almost impossible to find a bank or financial service provider that grants you even small amounts in the form of a loan.

Credit without a job: there is a lack of essential collateral

Credit without a job: there is a lack of essential collateral

These days, lenders are looking at applications more closely than a few years ago and are keeping a close eye on the living conditions of the borrower. If, depending on the offer of the credit institution, there is no check of a potential Credit Bureau entry, all of them nevertheless endeavor to ensure that the inquirers have the greatest possible creditworthiness, which of course is usually negative when applying for a loan without a job. Only those who have had a high income over a long period of time or can make it clear to the lender that they will return to working life in a timely manner can calculate realistic chances of securing a loan.

Pay off the debt

Pay off the debt

But even here, the bank must get a very clear impression that future income will be sufficient in any case to be able to pay off the debt in addition to the normal cost of living. To clarify this is the main task when applying for a loan without a job, although nowadays not even the direct banks on the Internet stop at this practice. Since no lender can afford to pay school fees in the current time, credit without a job is almost impossible.

Credit without pay slip

For a bank, a loan without a pay slip is almost like issuing a blank check. The key word here is creditworthiness. If a credit institution granted a loan without checking its creditworthiness, it would consciously expose itself to the risk of default. To prevent this, the industry basically insists on submitting a pay slip. This shows not only what gross and net salary is drawn, but also, by means of tax class and child allowances, whether and to what extent there are maintenance obligations.

Loan without payroll

Loan without payroll

The monthly wage overview tells the bank even more. That is, since when the applicant has been with the company and whether he has been with the company for 3 or 6 months outside of the trial period. It can also be seen for the money house whether parts of the wages are currently being seized. Since the money house without payroll cannot find out whether the monthly income is sufficient to service the monthly loan installments, a loan without payroll is doomed to fail.

Credit exchange does not need one

Credit exchange does not need one

A loan without pay slip can be applied for via the Cream Bank credit platform. With more than 200,000 members, Cream Bank has been the largest credit market place in the Federal Republic of Germany for four years. This is where consumers come together who lend money on the one hand and want to lend on the other. The prospective borrower sets a loan amount between $ 1,000 and $ 20,000 as well as a term between 12 months and 60 months.

This also determines the interest rate for the loan without payroll. However, the conditions for the lender – this is more precisely investors – must be designed appropriately. Otherwise, no investor will agree to invest in the loan without payroll. Cream Bank cooperates with Lite Lender when granting the loan without proof of wages. The credit institution collects the investment amount and pays it out to the applicant as a loan. The bank also passes on the credit installment and interest to investors.

Credit and credit check – what is behind it?

Anyone wishing to take out a loan must undergo a credit check. In this article we will tell you what is behind it, how it works and how you can improve your credit rating.

What is a credit check?

What is a credit check?

The creditworthiness describes the creditworthiness of a person or a company. This means the extent to which the person is able and willing to meet a payment obligation. The credit check consists of two elements when lending:

  1. The economic situation of the applicant, i.e. the relationship between income and expenditure.
  2. The personal creditworthiness, i.e. the previous payment behavior.

A credit check does not only take place when granting loans. Other examples in which companies perform a credit check:

  • The conclusion of mobile phone contracts
  • The conclusion of leases
  • The completion of installment purchases
  • Purchase on account.

To assess creditworthiness, banks rely on both internal and external score values. Internal score values ​​are calculated from internal company specifications and data, for example the company’s previous experience with the applicant. External credit scores are obtained from credit bureaus.

Why is a credit check carried out?

Why is a credit check carried out?

The creditworthiness check serves the security of the provider. For the lending bank, granting a loan always involves a certain risk. The bank wants to minimize this risk with the credit check. Based on the creditworthiness check, the lender recognizes before the contract is concluded whether the borrower will meet his payment obligations in the future.

For the borrower, the credit check in advance also means security against the risk of excessive debt. In this way, payment defaults can be avoided and a lot of trouble and additional costs saved.

Who carries out a credit check?

Who carries out a credit check?

The credit check is carried out by companies with which you would like to conclude a contract if this is necessary for the contractual relationship. As a rule, such a credit check only takes a few seconds. To this end, the companies cooperate with corresponding credit bureaus, for example the Credit Bureau or Infoscore.

You too can obtain credit information on yourself. The credit agencies offer chargeable offers for this purpose, however, according to Art. 15 GDPR you are also entitled to free self-disclosure per year. You will usually receive the paid offers by post within a few days. The free versions often take a little longer.

Which data is saved on creditworthiness?

Which data is saved on creditworthiness?

The credit bureaus save data about your person, such as name, address and date of birth, as well as data about your previous payment behavior. This means that the contractual partners of the credit agency report the data on contractual relationships with you. The credit agency determines your personal credit score from the sum of these data.

For example, if you conclude a mobile phone contract, this contract conclusion will be reported to Credit Bureau. As long as you regularly pay it properly, this contract has a positive effect on your credit rating. If there are payment difficulties, this is also reported to Credit Bureau and has a negative impact on your credit rating.

This is how your credit score is determined

The credit score should represent the probability of repayment of future payment obligations. The better the value, the more likely it is that the person concerned will continue to meet their financial obligations in the future. The individual credit bureaus use different methods to calculate the score value, but they are similar in their basic features.

Basically, different criteria are used to determine the credit rating. Above all, these include:

  • Previous payment behavior when concluding contracts
  • Existing debts and loans
  • Loans and installments paid.

Before concluding a credit agreement, the individual banks have internal criteria for assessing the creditworthiness of an applicant in addition to the credit rating. These include, for example:

  • The individual income-expenditure situation
  • Existing assets
  • Family situation of the applicant.

The credit bureaus distinguish between positive and negative characteristics, which can influence the credit rating accordingly.

Features that have a positive impact

In addition to the negative features that most people fear when performing a credit check, there are also features that can improve the individual credit score. Above all, these include:

  • Taking out a loan
  • The opening of an account
  • The full repayment of a loan
  • Applying for credit cards
  • The conclusion of mobile phone contracts
  • The conclusion of a hire purchase.

Different deletion periods apply to the positive entries. For example, while entries on credit and credit cards remain a positive feature three more years after their full repayment, information on current accounts or mobile phone contracts is deleted from the database as soon as the contract is terminated.

Features that have a negative impact

Negative entries are information that reduce your own creditworthiness. It is information that has arisen from improper contractual behavior, such as the non-payment of financial obligations. A distinction is made between:

  • Soft negative features, for example:
    • Ongoing collection procedures
    • Non-settlement of an open claim despite a reminder
    • Abuse of an account despite a ban on use.
  • Medium negative characteristics, for example:
    • Judicial order for payment
    • Legally enforcement order
    • Execution of an execution.
  • Hard negative features, for example:
    • Insolvency proceedings
    • Debt relief in the course of insolvency proceedings
    • Submission of an affidavit or property information
    • Threatened imprisonment for refusing to take an affidavit or insurance.

While medium and soft negative features are deleted again after three years, longer deletion periods apply to hard negative features. Insolvency proceedings are only deleted six years after termination, and the exemption from residual debts from insolvency proceedings is only deleted after ten years.

What influence does the credit check have?

What influence does the credit check have?

A credit check is carried out before each loan. The result of this credit check not only decides whether the loan is granted in principle or not. It also has an impact on loan terms. The following applies:

The better your credit rating , the cheaper interest rates are offered to you!

This is how you can improve your credit rating

This is how you can improve your credit rating

In order to get financing with favorable conditions, a good credit score is important. There are several ways in which you can improve your own credit rating. This includes:

  • Get a credit report yourself at regular intervals. In this way you can check the information stored about you. You can have incorrect entries deleted and thus improve your credit rating.
  • Always meet your payment obligations. If you do not pay your bills, negative entries can arise which worsen your credit rating.
  • If you move frequently, this can also have a negative impact on your credit rating. Avoid frequent changes of residence.
  • You can cancel unused credit cards and accounts. Too many unused accounts and credit cards can lower your credit score.
  • Increase your overdraft facility. A high overdraft facility is a sign of trust on the part of the bank. This trust has a positive effect on your creditworthiness and thus on your credit rating.
  • Do not overdraw your overdraft facility. A high overdraft facility is good for your creditworthiness, if you overextend your overdraft facility too often or overdraw it, this can have a negative impact on your creditworthiness.

Conclusion on the credit check

The credit check provides information about a person’s creditworthiness. This tells you how likely it is that future payment obligations, such as repaying a loan, will be met. In order to correct incorrect entries, you should regularly obtain credit information on yourself. If you also follow our tips for improving your credit rating, you can increase your chances of getting a loan and good conditions. For example, you can finance your Christmas gifts, buy new furniture, afford a motorcycle or continue your education at the master school.

Loan without credit bureau information for self-employed

Credit Bureau information is part of the routine credit check when lending by domestic banks. It informs banks and traders about possible negative entries and a score value, the exact calculation of which is not, however, open. Full banks receive additional information about existing loan liabilities.

Applicants who have already forfeited a negative entry want a loan without Credit Bureau information. Furthermore, it makes sense to forego the standard credit rating request for German credit protection if there are already extensive liabilities. In the case of a loan without Credit Bureau information for the self-employed, a distinction must be made between commercial and private reasons for taking out a loan.

The credit without Credit Bureau information for commercial purposes

The credit without Credit Bureau information for commercial purposes

When taking out a loan commercially, the credit without Credit Bureau information is not uncommon for the self-employed, since operational data are more important for the credit decision than the previous behavior of the credit customer with payment obligations. The Credit Bureau, on the other hand, collects targeted data from consumers, while extensive data records on commercial enterprises are mainly collected by credit bureaus such as Creditreform.

Consequently, banks often grant credit without Credit Bureau information for self-employed people for commercial purposes by submitting an inquiry to Creditreform. For individual entrepreneurs, the answer to this request also contains the data on personal creditworthiness, whereas for corporations it is mainly limited to business financial data. In some cases, the house bank also grants credit without Credit Bureau information for the self-employed for business purposes if it evaluates the expected profit data after the financed measure as sufficient and at the same time can assess the creditworthiness of the self-employed loan applicant based on their own experience with it.

A bank’s internal credit rating is based solely on its own payment data, but it is much stricter than Credit Bureau information. In contrast to credit protection, the house bank can understand each individual payment delay in previous credit contracts and evaluate it when determining creditworthiness. Many promotional loans from Lite Lender can be compared to a loan without Credit Bureau information for the self-employed, even if the federal promotional bank obtains one.

For a majority of the programs, the former Reconstruction Loan only refuses to pay the loan if the applicant has filed for bankruptcy, while any other negative features that may exist have no effect. Lite Lenderpromotional loans can be applied for by self-employed persons both in the start-up phase of a company and for later investments. Individual sectors such as agricultural holdings are not or only partially covered by KfW, as they have their own funding institutions whose lending guidelines are based on those of the largest development bank, so that they also enable borrowing with soft negative characteristics.

The credit without Credit Bureau information for private purposes

The credit without Credit Bureau information for private purposes

A loan without Credit Bureau information for the self-employed for private purposes is generally available from Liechtenstein banks. While most federal credit institutions only accept employees as borrowers, some Liechtenstein banks also grant the Credit Bureaufree loan, which is also known as a Swiss loan, to self-employed persons. The prerequisite is usually that the company has existed for at least two years and generates a stable profit. The amount of the Swiss loan without Credit Bureau information for the self-employed is limited to 3500 USD or 5000 USD if you apply directly through the bank. The two possible loan amounts are stated in USD, since the entire loan processing is also carried out in this currency.

The self-employed borrower does not have to worry about price fluctuations with a “Swiss loan” from Liechtenstein. The loan is granted without Credit Bureau request, since the Liechtenstein financial institution is not a contractual partner of the German credit protection. However, it does a credit check with the Swiss ZEK. The tasks of this institution are similar to those of the Credit Bureau, whereby it collects more data about citizens living in Switzerland than the German credit protection system and also records the profession carried out, among other things. However, ZEK does not have any data records on German loan applicants unless they have already taken out a loan in Switzerland or Liechtenstein.

If the amount of the loan exceeds $ 5,000, you can also take out a loan without a Credit Bureau for self-employed persons for private purposes in Liechtenstein or Switzerland. In this case, the way is through a credit intermediary. Before commissioning the service provider, the self-employed person ensures that the service provider only charges a success premium after the loan has been paid out and does not charge any preliminary costs. As an alternative to loans from abroad, a loan without Credit Bureau information for the self-employed can be provided with an existing capital life insurance or a private pension insurance.

In both cases, the independent borrower’s payment claims serve as collateral, so that it is not necessary to obtain a Credit Bureau information. However, Rürup contracts should not be lent because any loan is deemed to be harmful and will result in the immediate loss of all grants and tax benefits received.

Instant Loans Switzerland

Immediate loans in Switzerland are special loans that are granted without Credit Bureau information. These are not recorded in the Credit Bureau file either. The reason for this is that private donors, banks and credit institutions located outside of Germany do not use the information provided by Credit Bureau. Switzerland’s instant loans are usually granted much faster and with less bureaucracy. In addition, no uses of the capital are required for the approval. However, Switzerland’s instant loans are not granted entirely without collateral. An disposable income above the garnishment exemption limit and a permanent employment contract are required. Self-employed people do not receive a Swiss loan.

Who can apply for Swiss instant loans?

Who can apply for Swiss instant loans?

Individuals between the ages of 18 and around 70 can apply for this loan. This can vary somewhat between providers and credit intermediaries. Older loan seekers need additional collateral for their loan application. People without an income, such as housewives or trainees, are out of the question without security. Immediate loans in Switzerland are particularly interesting for borrowers who do not get a loan from banks in Germany due to negative Credit Bureau.

How are instant loans in Switzerland structured?

How are instant loans in Switzerland structured?

After the loan agreement has been concluded, the loan amount is transferred to the credit customer’s account or, if desired, in cash by post. All you need to do is present the valid identity card to the postman or the branch responsible. The loan is repaid in monthly installments that remain the same over the entire term. The various offers of Swiss instant loans should be compared well.

How are Swiss instant loans applied for?

How are Swiss instant loans applied for?

To apply for an immediate loan in Switzerland, German loan applicants must always contact a credit agency that works with the relevant banks to arrange the loan. For this brokerage, there are additional commissions in addition to the usual credit costs, which are apportioned to the monthly installments. Reputable credit brokers, on the other hand, only charge this commission if the Swiss loan has actually been brokered.

Credit without salary | Borrow Money now!

Loans are the livelihood of many banks. The interest earned there ensures the banks’ survival. No wonder that they vie for the consumers who not only have a good amount of money in their accounts, but who also want to take out a loan every now and then.

And so the banks are constantly developing new loans that are tailored to the diverse needs of consumers. But the banks also impose some conditions on the granting of their loans. After all, they want to earn money through the interest and not lose any money because the borrower may not be able to pay his installments. That is why only consumers who have a fixed income and a good credit rating are entitled to a loan.

Loan without salary – how should that work?

Loan without salary - how should that work?

But what to do if you have no income or salary? How to take out a loan without a salary?

The situation is really a bit complicated in such a case. After all, those who do not have a monthly fixed and correspondingly high income are not creditworthy. Therefore, you should first look at why there is no salary. Perhaps the consumer is a housewife who takes care of her family sacrificially every day? Then, if she wanted a loan, she could ask her life partner if she would like to appear as another borrower. If he does a regular job and brings home a corresponding salary, then these are very good prerequisites.

Borrow money despite salary

Borrow money despite salary

The situation is similar if the consumer is currently unemployed and therefore cannot prove a salary. Unemployment benefit or Hartz IV does not count as income. Here, too, a second borrower could relax the situation and contribute to a loan.

And if you don’t get a loan from a traditional bank in such a constellation, you can try your luck the second time through a credit broker. These work independently of the banks and use their means to find a private investor. If the customer agrees to support the loan request, a loan without salary can result. However, you should always check all offers – no matter which side they come from – and weigh up whether they are worthwhile or not.