Lenders Now Don'T Say Brown, Say 'Funktion-Design'. Thu, 18 Apr 2019 02:14:39 +0000 en-US hourly 1 Loan Interest – All Options Thu, 18 Apr 2019 02:14:39 +0000 Continue reading "Loan Interest – All Options"]]>

Zero-Interest Personal Loans

Zero-Interest Personal Loans

From here we will highlight some ways in which you can get your hands on clean, interest-free money without risking your skin or doing anything illegal, rsss.

In each case, we will also make clear the potential advantages and also the potential pitfalls to be observed. We do not want your new personal loan to make your pit even deeper and harder to get out of, if it’s in one.

We all know that stores are the ones that most often lure customers into big purchases with zero interest loans and financing. There are also credit cards that claim they are zero interest. There is also up to zero interest construction loan and interest-free student loans, although the latter is controversial. If you can enjoy it, do it!

There is no interest-free personal loan. However, there are other ways to borrow money without incurring any kind of interest rate.

In fact, in most of the offers of these lines of credit, zero interest loans are usually as good as they appear to be, but you should take some special care. However, it is possible that on the way you find something that makes you regret bitterly.

This may even seem like a very sad sight of reality, however I want to remind you that a lion cub is adorable but this fact does not stop him from biting you. There, beautiful blue or violet flowers can also cause respiratory allergies.

Philosophy aside, an interest-free loan sometimes ends up costing you more money than you realize.

On the other hand, this does not mean that you should not take advantage of the chances of getting one, but be aware of how everything works and report all the terms and conditions that will apply to your loan application.

There is a time limit for this type of loan. As a general rule, the trade are very aware that a consumer needs to pay the product they purchased in 6/12 or even 24 months with interest – or any interest-free period.

A master at making thousands of sales every day, by the way, is “interest-free credit card,” it really makes all the difference in completing a purchase of a product or service, especially if it’s with zero interest .

How does the zero interest loan work?

How does the zero interest loan work?

A zero interest personal loan is exactly what it claims to be. The basic idea would be to pay only the principal balance without any incidence or increase in interest rates – it does not always work that way.

In some simple agreements, the borrower has to meet certain deadlines, specific terms and conditions to validate the proposal to the end, plus additional taxes and fees applied to the total balance.

These terms may include a strict deadline by which the entire balance must be paid and without delays. Failure to comply with this deadline will not only bring a heavy fine, but penalties also, in many cases, the creditor rescinds the ” zero percent fee ” clause.

Supported by the breach of contract, the creditor applies retroactive interest to the loan, which is sometimes identical to the rates applied on the loan for negatives and on the revolving credit of the cards.

Loan interest zero individual

Loan interest zero individual

There are some government initiatives such as the ” Zero Venture Interest Program ” in partnership with Sebrae-SP, and the São Paulo Development Agency (Desenvolvimento SP) with the objective of granting financing with a zero interest rate , but in this case it is directed to MEIS (Individual Microentrepreneurs) if you are in this condition, you can get a loan with zero interest charge.

Other modalities to obtain loans for individuals without having to pay interest for their use are:

  • Loan with family, relatives and friends
  • Loan at the limit of the overdraft for up to 10 days or more (depends on the account)
  • Loan with credit cards from stores – for purchases in installments
  • Loan Associations – Governmental NGOs
  • Car Financing – Dealers and Car Manufacturers
  • Collective funding on crowdfunding sites and platforms

Interest-free loans and impulse buying

Interest-free loans and impulse buying

It is normal for dealers, car dealerships and dealerships to flood newspapers, media and online advertising with ads that promote the fantastic ” 0% interest rate loans ” or ” zero interest loan .”

Well, at first financing a new car with “0% interest” instead of a higher rate, seems to be a smart decision.

But .. if you are the buyer, and really need to buy a new, semi-new or used car, maybe this type of payment is a good financial option, if it has no interest or almost none.

The problem is that these ads can be so appealing that they instigate credit consumers who were not even thinking of buying a new car and will certainly make the purchase on impulse.

The deals and offers made with zero interest loans are created much more to attract clients, than for those who actually qualify for the loan offered. Usually those interested appear only to know if your credit qualifies them to have an interest-free rate.

Even if the terms and conditions are not so favorable, it can be difficult to say no, especially if the buyer has already drawn a mental picture of walking with his new car or installing his new flat-panel TV 65.

Zero Interest and Expenditure Loans

Zero Interest and Expenditure Loans

Zero-interest loans provide a simple and convenient excuse to spend more money unnecessarily.

Shops and commerce generally take advantage of these deals to give zero-interest personal loans, hoping with this maneuver, to push customers to buy more expensive or pay higher commissions. In addition, some traders use ” zero rate ” agreements as a means of leverage during price negotiations.

Citizens should be careful not to use the excuse of saving on interest to justify over-spending on unnecessary purchases.

Many stores use this credit strategy to attract more customers, department stores like C & A, Pernambucanas, Riachuelo, Mariza among others make zero-interest offers on purchases of up to 5/8 times on the card. Just examples!

Conditions for zero interest loan

Conditions for zero interest loan

Eliminating the loan with vehicle guarantee, crowdfunding, overdraft and loan with friends, other legally made credit models as for micro-entrepreneurs, the terms and conditions are in general the exposed in the list:

Limit : maximum R $ 3 thousand
Term : depends on the creditor or government agency, the term can be between 6 and 12 months
Interest : applied at a maximum of 3.50% per month. In general, installments are paid
Guarantees : A compatible income guarantee can be requested
Loan Opening Rate (TAC) : None
Visit of the Credit Agent : depends on the credit program

If you want to have access to the “Zero Entrepreneurial Interest Program”, “Finep Juro Zero”, “Credisol Crédito Solidário”, among others, including for college and university students.

Additional rates on zero interest loans

Additional rates on zero interest loans

In zero interest loans can seem like a wonderful dream, but it can become a nightmare very quickly. For credit borrowers who do not read the conditions, they generally commit themselves completely.

It is worth mentioning that when making a personal loan of this modality, without knowing what conditions applied in case of noncompliance, sometimes it can be a shot in the foot – read the terms before signing.

This applies to revolving debts, such as credit cards with annual interest rate of 0% (APR) and for installment debt, such as a car loan. Borrowers who take advantage of such agreements should understand what the terms are, as well as any fees or penalties for late payment or longer than the term of the loan.

Here are some common pitfalls and tips on financing deals with zero interest and credit cards:

Most common pitfalls

Not everyone will qualify for zero interest campaigns . A company may advertise a 0% fee in large print, but then say in small print that only “qualifying” or “eligible” customers can get the zero fee. Often the qualification to take the zero interest loan grant or zero interest credit card requires that you have a credit history with no restrictions and high scoring.

The zero percent rate may come with restrictions. For example, you may be required to make a large interim payment to get the 0% rate. Sometimes the 0% rate is limited to certain items or models.

Some companies may make you sign up and use the store’s credit card to get the 0% rate. You may be required to pay the price tag, which in general is much more expensive than the price you could have obtained if you had traded for a lower value.

The 0% offer may be only an introductory rate, ie for one, two or three months and then the most expensive conventional interest rate is triggered. For example, you will pay a 15.4% fee after six months of zero interest rate.

You may be required to repay installments of the loan in a short time, significantly jeopardizing your income and may result in higher payments than you can afford.

If you do not make all the payments at maturity, you may lose the 0% interest rate and be charged with additional fees and retroactive fines, which means it was not worth the entire effort.

Zero interest tips

If you are thinking of getting a “zero interest loan” or an “interest-free credit card,” here are some tips.

Make sure you understand all the terms before agreeing and signing a proposal with a zero interest offer.

Find out what the fee will be charged if you do not make the monthly payment at maturity.

Find out what happens if you do not pay the full balance within the period to be entitled to zero interest?

What additional fees and penalties will be applied in case of non-compliance with the zero interest agreement? (Firms, banks and financiers often try to compensate for a 0% fee by charging high rates in the event of delays.)

Read the terms of the agreement without haste and carefully, ask when you do not understand something.

Do your homework by comparing the total terms and costs of a zero-interest offer with other options. Make sure you are doing the best deal after accounting for all the pros and cons. Sometimes an interest-bearing option may end up being cheaper than a zero-interest option.

Make sure the offer does not come loaded with hidden fees like commission fee, administrative fees, convenience fee etc. If it were so, a different option that covers interest, but has lower rates, may be more viable and cheaper.

Remember, pay the loan installments always before or at the due date not to be charged with extra fees and other penalties ending with the 0% interest advantages.

Note: Do not buy more than you can afford. It is easy to buy products and use services when you do not have to pay cash immediately, the full price and per hour will not be charged any interest for a few months.

We know that it is very easy to get into debt. A Valuable Idea – Expect to buy what you want saved enough money to get it on sight, at a discount and at no extra cost.

Loan for Retirees and Pensioners – Low Interest Mon, 08 Apr 2019 02:23:39 +0000 Continue reading "Loan for Retirees and Pensioners – Low Interest"]]>

Who is retired or receives pension through the Institute of Social Security – National Institute of Social Security – one day already came across a loan offer for those who are beneficiaries of the Institute of Social Security. But not everyone who receives benefits from Institute of Social Security knows exactly the general rules for acquiring a loan in this modality.

In the case of retirement, the benefit is granted to persons who have reached the required length of service for retirement or have reached the required amount of contribution to retirement. In the case of the pension, the amount received monthly refers to the death of a relative who had social security through the Institute of Social Security. In both cases, there are several lines of credit that are offered by a huge group of banks and financiers.

Although the monthly amount received by Institute of Social Security retirees and pensioners is fixed and invariable, the benefit can not always keep the costs of an elderly person or a family that has lost a working parent. Therefore, credit lines can be useful and necessary in cases of financial emergency.

How the loan works for retirees and pensioners of the Institute of Social Security

How the loan works for retirees and pensioners of the Institute of Social Security

All the financial institutions that offer this type of credit to Institute of Social Security beneficiaries usually assign the loan in the prescribed form. Since 2003, through federal law 10,820 / 2003, all loans made to retirees and pensioners of the Institute of Social Security must be made in the form of a consignment.

This requirement of the law has come into effect the national loan program, which serves as the basis for providing credit guidelines to Institute of Social Security beneficiaries. Since loans are made only by payroll, Institute of Social Security beneficiaries do not need to undergo a credit assessment to acquire a loan. That is, if there is credit restriction and name in the list of defaults of SPC and Serasa, this will not interfere in the granting of credit.

Payroll loans are those that automatically deduct every month directly from the payroll, in the case of a worker, or the benefit received by the Institute of Social Security. In the case of Institute of Social Security beneficiaries, the loan can be paid in a maximum period of 60 months, and all installments will have the same value. In addition to the process not having any type of paperwork, the requested money is released to the beneficiary’s hand as soon as the Institute of Social Security approves the release.

Advantages for Institute of Social Security retirees and pensioners

Advantages for Institute of Social Security retirees and pensioners

The big advantage in these payroll loans is that there is no credit analysis, which is crucial for anyone who needs money but is negative. No bureaucracy, credit assessment, loan guarantee or even guarantor, the money is released almost automatically according to the need of the beneficiary.

Documents required for hiring

Documents required for hiring

To contract this type of payroll loan, the Institute of Social Security beneficiary must present the following original documents at the time of hiring:

  • RG;
  • CPF;
  • Proof of income (document detailing the Institute of Social Security credit release);
  • Number of Institute of Social Security benefit;
  • Proof of address.
Personal Loan on the Card or the Ticket Wed, 27 Mar 2019 02:27:40 +0000 Continue reading "Personal Loan on the Card or the Ticket"]]>

On the card, the ticket or the bank account – what will it be?

On the card, the ticket or the bank account - what will it be?

Many online lenders also take a different approach when it comes to solicitation, approval and means of payment.

Below for example, we have put together a list of online lenders that cater to all types of borrower interested in loans. Many of them do not consider the name clean or the credit score with maximum factor for approval, they analyze the income, the socio-economic function, the social networks, etc.

They also evaluate the long-term financial perspective when making decisions to grant the loan or not. With a traditional bank, your personal merits are less likely to determine whether or not you can be approved.

With all this, the form of repayment of the loans granted has also been changing. Despite being scrounged, these banks and financial online have approved proposal for payment, this includes:

  1. Loan with payment in the card
  2. Loan with payment in the ticket
  3. Loan with bank account debit
  4. Loan with discount on salary or benefit

There are many reasons for someone wanting to pay the installments of the loan with a carnet or billet, although it is not a reliable means of making payments. First that the borrower can forget to pay on the date and second can mislead the carnet or the ticket sheet,

Either way, be it on the card or paycheck, the great trick is to find a personal loan that you can pay and want to pay, after all that’s how the process works.

How Online Loans Work

How Online Loans Work

Before anything else, it is worth mentioning that some personal loans using in cases of emergency or to pay other debts, may have very high interest rates, which if, if not well managed, can do more harm than good. But, the opportunities are there, just choose one that fits your current situation.

Nowadays, the vast majority of operations involving personal loans online, especially those that are granted to be denied for being without consultation to the CPF, the realization of payment for repayment of the installments, is done in the card or generate tickets every month and the borrower.

In practice, some credit institutions offer debit as an alternative way to pay the credit.

This alternative for repayment of the loan in the format with a license, is not from now on, other former financiers already did this, for example: The Losango, Fininvet, the financial PanAmercano, Bv Financeira and Taí, we can not forget the Financial Crefisa and many others.

The payment is carried out according to the agreement in the contract, which is usually in up to 12 months.

Where to get personal loan online with carnet

Where to get personal loan online with carnet

We at Fu Manchu try to make life as easy as possible for our users, below we list some online loan companies that are operating and releasing credit with payment in the card and through bank slip. Take advantage and also know the interest rate that each of them is applying in their proposals and offers of credit.

Do not kid yourself with interest rates, among lenders, some offer only payroll loans, other secured loans, and lenders with higher rates, are loan with restriction.

Who can hire online loan made on the card?

Who can hire online loan made on the card?

The hiring of personal loan online with payment with carnet or boleto bancário is not different from most other modalities. The basics are:

  • Be over 18 years old
  • Have RG and regularized CPF
  • Check wages or income
  • Check home address

For those who are restricted in the CPF and because they are accused of being denied in the credit report, the loan in the bank account or in the bank slip does not take this factor by rule of approval – stay calm! A good number of online financial institutions offer easy, no-bureaucratic loan to anyone who has restrictions on their behalf.

Is paying the installments of the loan in the carnet reliable?

Is paying the installments of the loan in the carnet reliable?

Of course yes! Regarding the card or the bill for payment of the loan, they are sent by the lender to your email, SMS link or home address. Some lenders offer per-application or system-based access via the website and you can print your bill directly at your home or office.

Another easy way is the QR CODE that you get at the lender and through your online bank makes the instant payment.

Attention : The only caution you must have is with companies applying [loan scam] offering personal credit and cash financing with pay per ticket, but in general they ask you to make advance payment to receive the loan, asked for money in advance – it’s fraud!

Loan? What banks and financial institutions take into account

Loan? What banks and financial institutions take into account

One of the things that private and alternative lenders take into consideration when you use the advantages of online personal credit is that the borrower is responsible for using the credit and repayments the installments on time.

If you are without credit, have low score or have a list name in Serasa or SPC can get approval of your loan, however the values ​​are less than R $ 5,000 that can be paid up to 12 times.

When you begin your application for a personal loan online on the card or the ticket, “check it out” to find out how your name and credit reputation are.

Be sure to pay off your existing loan debts

Be sure to pay off your existing loan debts

If you already have debts in the form of credit card bills, personal loans, real estate financing or automobile credit, always make a review to know if it is possible to reduce the interest rates of these loans, suddenly a debt consolidation would fit well to unify all debts into one.

One more detail, always know the amount of debt you have in total, many loan proposals are rejected for over commitment of salary or income that can not exceed 30% / 35% / 40% maximum.

When you need a personal loan either to consolidate your debts or fund a purchase, think that minimizing them can give a boost to your financial life and make you appear less risky to lenders.

How to avoid having to look for a personal loan?

How to avoid having to look for a personal loan?

We understand that in a real financial emergency, it is not always possible to spend time researching loans and getting the best rates and terms, so we are here. But before you look for a loan sharker, a predatory loan, or a personal loan for the bad, it is important to know what else you have alternatives. read: 10 places to make your money loan without stress.

Want to avoid looking for an emergency loan? Build an emergency reserve. If creating an emergency fund seems out of your reach, you can always rely on friends, relatives, family members or neighbors who can borrow the money you need – for emergencies okay!

Is an Online Loan Reliable? Tue, 05 Mar 2019 03:22:39 +0000 Continue reading "Is an Online Loan Reliable?"]]>

Do you still think that you have to face queues at banks and go through revolving doors to solve financial issues? The world today is digital: even processes that tend to be more bureaucratic can be done wherever you are, without having to go to the traditional banking agencies.

Besides ease, speed is also a hallmark of online financial operations. Therefore, those looking for a fast loan, for example, can turn to companies that offer this type of service.

In April 2018, the National Monetary Council, linked to the Central Bank, approved a resolution that allows Fintechs to grant credit without the need for a bank intermediation. With this, the expectation is that the online loan offer will increase more and more.

But how do you know if making a loan online is reliable? To answer this question, we raise some very important points, which should be considered:

Do not make advance payments

Do not make advance payments

If the online credit granting company has requested any type of advance payment, the chances of it being fraudulent are great. So pay close attention! Many companies flag on their pages that they do not charge any payment. Bcredi, one of our main partners, indicates at the top of all its pages that it does not require any previous deposit for the client who wants to take out the credit or real estate financing.

Search the company thoroughly

Search the company thoroughly

With the internet, access to information has become much easier. So a good Google search can help you understand more about the credit company, check your financial history, and even news stories that talk about it. As information is never too much, it is important to devote enough attention to this moment as it can prevent you from falling into blows and having headaches in the future.

Search for the security certificate

Search for the security certificate

Data protection should be a top priority for serious businesses that work with online credit. So, look for the site’s security certificate, which is a green padlock that usually stays at the bottom of the pages, ensuring that this is a reliable company.

Check the market time of the company

Check the market time of the company

The longer the market, the greater the credibility attributed to it. As the process of contracting credit is a complex operation, experience is fundamental and indicates whether the company is prepared to offer the service with quality and, above all, responsibility.

Bcredi appeared in Barigui Cia Hipotecária, a financial institution that in 10 years served more than 5 thousand clients. Combining all this market experience with technology and innovation, fintech curitibana offers real estate financing and real estate financing credit all over Brazil.

Is it Safe to Request an Online Payday Loan? Get informed! Fri, 04 Jan 2019 17:28:14 +0000 Continue reading "Is it Safe to Request an Online Payday Loan? Get informed!"]]> Are online loans safe?

Many people wonder about whether it is safe or not to request an online loan through the internet. The fears are based on the possibility of having a cyber attack on our bank account or being cheated by the company that grants the quick credit.


For this reason, today comes to show us how to ask for an online payday loan or a personal loan through its website is safe and your company is trusted- learn this here now.

These are the 7 differences between a secure and trustworthy company like and those that seek to take advantage of “playing dirty”:

    1. It is important to have a web address with a secure domain

Have you noticed that every time you visit in the search engine there is a padlock followed by “https: //” That is the first indication that our website is safe, but of course not the only one.

If you visit a website of a company that seeks to take advantage of your trust, the first thing you would receive is a warning in your browser, Google would inform you that this site can contain malicious content for your computer (virus) and of course you would not see the “https:// “by nowhere.

    1. We tell you our phone, time and address

is transparent and has no problem in telling you your location, your phone number so you can call if you have any questions and the availability time of your office.

On a non-secure website, you would find false information, phone numbers that do not exist and schedules that are not met.

    1. Check out our legal notice

Legal notice, what is that? That is the question that the “financial bars” and the minority of companies that damage the image of the sector will be asked.

On the other hand, in the website, in the legal notice section, you can see all the legal records of the company, the registration number in the commercial register of the company, as well as the conditions of use.

Here you can find and see our legal notice

    1. Opinions of our users

You simply have to access any search engine and write reviews” and you will see what our customers say.

In addition, we have enabled on the web a system that collects the opinions of users and you can also take a look at social networks, customers appreciate the work well done, but do not hesitate to condemn the company when it feels cheated, this is what that differentiates as a safe, serious and trustworthy company from one that does not respect these principles.

    1. We explain in detail all the operation

The “small print” usually plays tricks when it comes to applying for a loan online, this is not the case with, explaining all the details in the simplest way possible is the mission of every superhero.

is to make your life easier, not to complicate it with paperwork and paperwork that does not lead anywhere.

    1.  rewards your trust

If you trust and are responsible when returning the loan granted, on future occasions, you will have access to better financing conditions.

What more could you want?

This is a relationship of trust from the start, what does it mean? that just as you trust, he trusts you.

    1. The clear accounts

On the web you can consult the different modalities to return the loan, highlighting: Debit Card, Online Banking Transfer

With these 7 differences, not only shows you that your website is safe and trustworthy, but it helps you to differentiate the pages that are legal from those that do not.


3 Advantages of Applying for Online Loan Fri, 04 Jan 2019 17:13:20 +0000 Continue reading "3 Advantages of Applying for Online Loan"]]> The financial culture of Bulgarians has significantly improved in recent years. People became more acquainted with the fast financing service, which made them better customers for companies but also raised their expectations on the other hand. Competing for online lending companies has come to fruition, which has led to increasingly attractive conditions and a serious struggle for each individual customer.

Many companies rank among the prestigious names with a good reputation, but one of the most prominent is that of us. The non-banking financial institution has been operating for many years on the market, offering a service that is a high-quality echelon.

And while trying to create an excellent reputation, there are still people on the market who even have no idea what online credits are, and some have not even heard about them.

What are the benefits of applying online?

Sean emphasizes that the benefits of applying for a certain amount of money online are numerous. It can be said, overall, that this is the easiest option for consumers. The main advantages of this are the following three:

1.Safe and convenience

Although the personal visit of an office when withdrawing money also has its undisputed advantages, it can not be denied that when applying online everything is much quicker and more convenient.

Usually, bureaucracy is reduced to the absolute minimum, questions are as simple as possible, and the response time when submitting the application is reduced to a few minutes.

2. Avoiding complex documentation

Only an elemental application with a limited number of questions is filled in the online application. It does not require complicated document processing or reading of lengthy complex texts that no one reads anyway.

The details are then specified in a telephone conversation between the loan applicant and a company employee. Here the parameters of the loan are confirmed as terms, sizes and the data indicated by the applicants are confirmed.

3. Correctness and politeness

Over time, it has been firmly established that online credit is widely shared by people for the higher quality of service. Once online applications are completed, people will usually receive a call from a company employee to confirm and clarify the details.

The difference comes from the fact that usually the people who have the task of contacting the candidate have very high education, skills of psychologists, and are well informed about what the company offers.

These are top employees who really have great communication skills to do their best to keep communication flowing smoothly.

Why choose us? is one of the most authoritative names when it comes to quick loans and online funding. The company has built a very good reputation, which is based on numerous positive consumer reviews.

Features that can make you head to the company are low-interest rates, flexible policies with an individual approach to consumers, and a flexible timetable policy.

Why be wary of a “credit without Schufa” Tue, 02 Oct 2018 10:23:31 +0000 Continue reading "Why be wary of a “credit without Schufa”"]]> Image result for schufa

The consumer center Brandenburg (VZB) reports numerous complaints about allegedly schufafreie credit offers, which are advertised by the provider’s carefree duo and master credit.

Promised after the conclusion of the contract a schufafreier instant loan up to a total of 6,499 euros including a Mastercard Gold. In truth, consumers only get an overpriced credit card and a hefty agency fee.

“The fine print […] mentions that the request is only forwarded to a bank for examination. The prospects of success for a loan are thus unclear, “explains Erk Schaarschmidt, financial expert at VZB, to

What to do if you are affected?

As a general rule, when concluding a financial product, credit seekers should always take the time to read through the general terms and conditions and to research the supplier’s references.

If you have already ordered a credit card but have not yet received it, you should not accept it by cash on delivery. If it is already too late, you have the opportunity to register by registered letter. A sample letter is available at

What about “loans without Schufa”?

The fact is:

  • In Germany, banks are required to check the creditworthiness of each applicant.
  • If a loan offer sounds too good to be true, then it probably is- Michael Tippett.

Anyone who applies for a loan cannot get past the Schufa – and if it does, it is only because another credit bureau takes over the credit check – or credit check. This is necessary because banks suffer financial damage if a borrower fails to pay monthly installments or other financial obligations.

For consumers, the Schufa is again a useful device, as the credit bureau prevents borrowers from applying for financing that can lead to the high debt due to high monthly installments.

Credit despite Schufa

When consumers are looking for a “non-Schufa credit”, they usually mean a “credit despite Schufa”, so despite moderate credit rating. Because in most cases consumers erroneously assume that their Schufa entry is bad. In the majority of cases, according to Schufa, this is a fallacy.

But even for those whose Schufa rating is not sufficient for a loan, there is a serious and secure solution. It’s called credit privilege. Borrowing money without Schufa, in this case, does not work through a bank but through one or more private individuals.