The loans for self-employed people despite private credit are difficult to obtain over the German banking industry, because self-employed do not have a high creditworthiness. This is simply because the loan is usually taken for a minimum of 1 year and a maximum of 8 years.
Consequently, the bank must also consider that the self-employed person can not continue to work with the same degree of success that may currently be the case. If the borrower then still has a biased private credit, the door to the credit is usually locked directly, because then the bank lacks the confidence to issue the loan despite the self-employment.
Of course, the extent of the negative load always counts, because a small note in the private credit is usually not a broken leg. If the rating of the borrower is significantly reduced, however, a strict rejection must be expected.
Loans for the self-employed despite private credit may be possible through Swiss banks, as they completely waive the review of private credit. As a result, while Swiss banks are well aware that a negative private credit entry may be the reason why this bank is taking credit, many loans are being made through Swiss banks.
High income can still make the loan possible
An income in not insignificant amount and the proof that the activity as a self-employed person is operated already successfully over several years, the loan application may possibly still with an exhibition of the loan mark. Ultimately, of course, the individual case decides, because in general, no absolute guarantee can be issued whether a borrower with negative private credit is directly rejected or accepted as a lump sum in high-income borrowers.
Loan applications with reputable Swiss banks, but also with German banks, are always free, which is why a request worthwhile, even if the chance of self-employed loans, despite private credit, perhaps only relatively low. Loans for the self-employed, despite private credit, are also possible if a liquid guarantor for the loan can be brought forward.
Under no circumstances will the guarantor reduce the disbursed loan amount, so the self-employed person can continue to operate freely with it. Nevertheless, the guarantor is jointly responsible if the borrower is no longer able to pay off the loan. As a result, persons employed in guarantees bear an enormous risk, which is why the search for a guarantor does not always have to be accompanied by a satisfactory ending. Again, the individual case and the credit rating of the immediate environment decide.