Bank customers can repost an existing loan without asking a private credit request. The prerequisite is usually that they take their new loan from a foreign bank, as the German banks with each borrowing in principle make a routine request to the private credit.
Contrary to popular belief, not all domestic banks reject any credit request with private credit without further examination. Rather, some institutions expressly point out that rescheduling them is also possible with a soft negative after a case-by-case assessment, so that the consumers concerned are not always dependent on a non-scholar credit.
In principle, a loan can be reposted by lending a life insurance policy without the need for a private credit request. Finally, the policyholder guarantees the repayment of the insurance loan with his own payment entitlements. In practice, however, only a few bank customers with negative entries in their credit report have a life insurance coverable. The Riester pension is eliminated, because in their lending the state allowances are repaid.
If bank customers redeem a loan, the new loan should be cheaper than the existing loan even without a private credit request. This is conceivable even if the current loan liability was taken up in a conventional manner with the participation of the German credit protection. If it turns out in a bid comparison that the debt-free debt rescheduling no savings compared to the current loan, bank customers simply renounce the rescheduling.
Such a waiver is not possible if the bank customer is necessarily reliant on lower monthly installments and his current bank has rejected an extension of the contract period. In this case, he would like to repay the loan, even if he has to pay without private credit request no lower interest costs than the previous contract. The aim of debt restructuring in this case is not to save money through lower interest rates, but to be financially relieved by a lower monthly rate.
When calculating the savings before the debt-free rescheduling, bank customers take into account, in addition to the interest, the prepayment interest that may be payable for the early repayment of the previous loans.
When bank customers redeem their existing loan without a private credit request being made, they usually turn to a credit intermediary. He hands this request on to financial institutions in Switzerland and other countries. The Swiss federal banks make the payment in euros, while banks from other non-monetary union countries usually lend in their local currency and thus for the German customer as a foreign currency loan. In such a case, the actual amount to be repaid depends on the exchange rate development.
Bank customers recognize that a credit intermediary works reputably, that he does not charge for the desired private credit-free rescheduling any initial costs, but only a reasonable success commission with actual cash payment.
The debt-free rescheduling loan, like any rescheduling loan, is not included in the customer’s current account, but is transferred directly to the existing loan account or, for several existing loans, to the current loan accounts. In conjunction with the rescheduling of an existing loan without private credit, the simultaneous settlement of the disposition credit can be used. The foreign bank transfers this subarea as well as a possible top-up amount to the current account of its customer.
Ideally, the new loan is not only cheaper, but also more flexible than the previous bank loan. For borrowers who are reliant on a debt-free debt restructuring, especially the possibility for an occasional rate suspension is interesting. Some loan agreements provide for such once a year or two years. The supplementary right to free special repayments offers the possibility to reclassify the new loan after some time, if lending rates fall sharply in the future.
In the case of organized personal loans, it does not necessarily mean, without private credit, that the platform operator or the full-scale bank acting as official lender for legal reasons waives the solvency request. What is meant in this case is rather that the content of the private credit information is not displayed to the potential private lenders. Hiding the bad credit is only useful for multiple entries, because the private lenders prefer complete information on the personal and financial situation of the applicants.
Private lenders have the best chance of receiving their request from applicants who repay their loan due to the unsustainable monthly installments without providing the private credit data. In this case, members are more comfortable with the need to lend than with a loan request, where the hiring party only wants to save on interest costs.