A driver’s license is often more than just a license to drive. It also means holding an additional qualification in your hands. A qualification that opens up new career paths and can mean higher career opportunities. Obtaining a driver’s license is therefore a good reason even if you do not have your own financial resources to finance it. Even with a negative entry in the Credit bureau, there are opportunities for a loan.
A loan without Credit bureau is not unconditional
The credit for the driver’s license without Credit bureau is not available from every provider and just as little without other framework conditions that provide security for the financier. For all banks in Germany, negative Credit bureau information is enough to keep the loan from being denied. However, providers from the surrounding countries, such as Switzerland, provide loan offers in which the Credit bureau entry is irrelevant. Nevertheless, these providers also want certain collateral so that it can be assumed that monthly installments will be paid on time. For this purpose, borrowers should above all have a regular and unlimited income.
If these conditions are met, the credit for a driver’s license without a Credit bureau is often no longer a problem. Alternatively, many financing providers also offer to pay the necessary money directly to the respective driving school. In this way, the funds always end up in the designated place. On the one hand, this brings advantages, but the disadvantages should also be examined. This is because the borrower takes the risk of not receiving a driver’s license or money back if the driving school suddenly reports bankruptcy, for example. The latter variant as a loan for a driver’s license without a Credit bureau therefore represents a very high risk in comparison.
Serious foreign loans without Credit bureau
There are good reasons for a loan for a driver’s license even without a Credit bureau. Because investing in a driving license can also mean more income in the future. In spite of everything, every borrower should be sure of the risks of a loan and therefore carefully consider how securely the loan can be covered and what the burden is.