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Civil servant loans with negative Credit Bureau – over 20 banks in comparison

The official loan with negative Credit Bureau should not cause any problems. Banks are welcome customers at a bank. Do you have a secure and stable employment relationship?

For civil servants, a good credit rating is generally required. Nevertheless, it can happen that officials have a burdened Credit Bureau. But what about the lending?

The official loan with negative Credit Bureau – the official credit

Even though civil servants generally have a good credit rating, it is possible that the official also has a negative entry in his Credit Bureau. The credit check with an official is the same as with other borrowers too.

Since the income is checked, queried the Credit Bureau and checked the employment. When it comes to a smaller entry, the bank often turns a blind eye, as the official has a secure income and a secure job.

But it can be another reason why a Credit Bureau freeĀ loan is sought. The advantage of the non-Credit Bureau credit is not only that the Credit Bureau is not queried, the credit does not appear in the Credit Bureau.

If the official now plans a major financial project and wants to maintain his good credit rating, he chooses a civil servant loan with negative Credit Bureau, and the bank does not learn anything about the credit.

The official loan with negative Credit Bureau – how can a negative entry arise

The official loan with negative Credit Bureau - how can a negative entry arise

For civil servants with the state as employer, a loan request is not a big deal. The civil servant status grants a loan almost by itself. The income arrives punctually every month and the state pays. In addition, the job of the official is safe and guarantees a secure income for a lifetime. Even beyond working life, the positive status remains. But even an official can get into a credit crunch.

Often it is a forgotten bill, a reminder that was not considered. Customers of many mail order companies are literally thrown with offers, with long payment pauses and very convenient loan offers. But if you fall behind with the rates, you quickly get an entry in the Credit Bureau.

No consideration is given to the civil servant status. The entry then remains visible in the Credit Bureau for three years, which makes a civil service loan with negative Credit Bureau extremely difficult.

The official loan with negative Credit Bureau – the loan search

The official loan with negative Credit Bureau - the loan search

With a negative entry, officials often do not receive regular credit. Here then offer so-called credit agencies. However, it should be noted that a reputable credit intermediary is commissioned. In no case should pre-paid costs be paid. Also, insurance contracts, such as Bauspar contracts, are not serious business practices.

In general, credit agencies receive a commission on successful loan search and successful completion of a loan, which usually pays the lender. The commission is then calculated into the credit costs, the customer does not need to make an extra payment. An intermediary will first try to find a loan from a German bank through their diverse contacts.

Due to the civil servant status and if it is a slight negative entry, it is quite possible to find a regular lender. If this does not happen, a foreign bank is an option.

The official loan with negative Credit Bureau – the credit from abroad

The official loan with negative Credit Bureau - the credit from abroad

The bank is headquartered in Liechtenstein and has preferred customers employees and civil servants. People who have a secure and stable job from which the adequate income comes. In a nutshell, the bank prefers clients who can afford a loan. Those who are unemployed or receive social benefits, but also the self-employed, will not receive this loan.

In addition to the secure employment relationship, the bank also requires an income that not every person seeking a loan can pay. So there are officials who are not employed in the higher service but are in the lower official ratio.

Think of the postman here. These people have a rather low income. To get a 3500 dollars loan, a single person net has to earn 1150 dollars. If only one person lives in the household, it is already 1600 dollars net.

At the maximum loan amount of 7500 dollars, the minimum income for a single person is 1800 dollars net. Just because the income is set high, the 3500 USD loan, so the smallest, the most approved loan is Credit Bureaufrei.

The official loan with negative Credit Bureau – the credit procedure

The official loan with negative Credit Bureau - the credit procedure

If the official has found a credit intermediary of his choice, he can apply for a loan. The mediation will take the preliminary examination. This means, based on the data entered in the form provided, the mediation will issue a preliminary loan commitment.

Thereafter, customers will be asked to submit the credit records. These are salary slips of the last three months and bank statements from the same period. Often, a small household bill is also often seen. The documents should be carefully compiled because additional claims delay the credit process. With these documents, the official goes to the post office and carries out the Postident procedure there. This is nothing but an identity check of his person.

Once the bank receives the documents, these will be reviewed and, if necessary, the final loan decision will be taken. The whole process lasts, if there are no additional claims, about 7-8 working days until the money is in the account.

Conclusion:

Even officials with a good reputation can come into the situation of a negative Credit Bureau. Since a forgotten bill from the mail order company is enough. Some banks, because of their special civil servant status, turn a blind eye to a loan, but often demand collateral.

Officials should know that the limited loan amount of 7500 dollars can often be increased. But that would have to know the credit brokerage. If the Credit Bureau entry carries the completion note, there should also be no problems with a Civil Service loan with negative Credit Bureau.

Because a negative Credit Bureau entry does not always have to mean the complete financial end, for example, for a credit card termination or a loan repatriation.

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Official loan provider

There are several providers that specialize in civil service loan providers. There are providers that offer a very long term. Other providers, in turn, offer credit-based loans where there are interesting entry-level rates.

Civil Service Loan Providers can be compared with a credit comparison offering, for example, Smava clearly arranged.

Civil Service Loan Providers – Find Best Deals With The Loan Calculator

Civil Service Loan Providers - Find Best Deals With The Loan Calculator

Even civil servants, like all other professions, sometimes need financial resources that can not come from accumulated reserves. The solution is a civil servant loan.

Civil servants and civil servants are the ones who provide the best conditions for a loan. The reason is to look for a secure and non-terminable job. If officials then use a loan calculator, a civil servant loan provider can be found quickly and without obligation. A credit request can then be made directly through the provider’s website.

With this, no credit is created, but the official receives a tailor-made loan offer. Public servants may have the best credit conditions because of their employment. This has a positive effect on the interest rate and the grant in general.

When banks lend a loan to an employee, not only income is checked, but also the risk of losing work. Civil servants are therefore the most attractive customers the banks wish for.

Civil servants vendors – the difference civil service loan and civil servant loans

A civil service loan and a public sector loan should not be confused. So, a civil servant loan is a loan that can be combined with a life insurance.

The official pays the premiums directly to the insurance company, the interest due is deducted, so to speak, as installments every month. The high final installment at the end of the term is then paid with the life insurance due.

The official loan, however, is a normal installment loan, which scores with better conditions. This is not the combination of credit and life insurance.

Official loan provider – who gets the civil service loan?

Official loan provider - who gets the civil service loan?

Civil servants and public employees include, for example, police officers, professors, teachers, mayors, prosecutors, judges and many more. But other professions can get the cheap installment loan.

Thus, in banks, employees in very secure employment relationships such as a health insurance or German pension insurance, airlines, Deutsche Bahn, broadcasters, municipal utilities receive the favorable official loan.

However, the regulations which occupational group receive this loan vary from provider to provider. In any case, it pays to ask the bank if you belong to the professional group.

Civil service loan provider – the cheap credit thanks to non-cancellability

Civil servants have not only advantages in insurance, their non-terminable professional status will also be positive for the civil service loan.

Banks do not only determine the borrowing rate for civil servants based on the Credit Bureau score, but also the professional status is taken into account when calculating the conditions. This status also takes into account the likelihood of losing a job. Banks like to see officials as customers because they have a non-terminable job.

Civil servant providers – find the optimal loan

A loan calculator helps to find the cheapest and best deal among the many official loan providers. He is easy to use.

You simply enter the loan amount and the term. This gives officials an overview of the possible conditions. How a provider now assesses the personal credit rating, the official learns only when a non-binding loan request has made.

The more complete the information given in a credit inquiry, the more accurate the provider can determine the credit rating.

Since officials can enter their status to benefit from the favorable conditions also. The loan request is automatic, the personal loan offer is usually transmitted after a few minutes.

Official loan provider – what can a civil service loan be used for?

Official loan provider - what can a civil service loan be used for?

Many civil service loans are given away without purpose. However, there may be some benefits to using the intended use.

For example, better conditions are provided for naming additional collateral, such as submitting a vehicle registration document. The civil servant or civil servant should therefore enter the purpose in the loan calculator when buying a car.

An official loan provider can also specialize in a renovation or modernization of a property. Again, the purpose should be entered into the loan calculator, so as to increase the selection.

If the intended use is “rescheduling”, then the bank knows that no additional loan will be taken. This can have a positive effect on the credit rating and thus also on the conditions.

The official loan with life insurance

The official loan with life insurance

Civil servant loans listed for example at Smava are almost all installment loans. But there are also providers that offer civil servants a combination of a loan and a life insurance. This loan is called a civil servant’s loan and not a civil servant’s loan.

The official loan is treated as a term loan. This means that during the repayment period only interest will be repaid and no repayment. However, at the end of the term, the full amount is paid at once. Therefore, a life insurance policy is taken out at the same time as the civil service loan.

But it can also be a pension insurance. If the life insurance is due at the end of the term of the loan, this is repaid with the life insurance. Anyone who looks at a comparison between the civil service loan and the official loan should not only pay attention to the effective interest rate.

This interest rate includes all costs, as well as the contributions for the life insurance, but not the repayment. As a result, it may be that a civil servant’s loan seems cheap. Therefore, officials should pay attention to the monthly rate, because this is more meaningful.

Conclusion:

The official has a special status with the banks. Due to its non-cancellability, a loan is secured. That’s why civil servants get the best credit conditions. Nevertheless, the official loan providers should be compared with each other.

Not only the term can be chosen longer, the loan amount is higher. So loan amounts can be taken up to 250,000 dollars and more with a term of 20 years.