Favorable credit comparison

 Insurance industry was already struggling

Insurance industry was already struggling

The German insurance industry was already struggling with a violent revocation wave in classic life insurance policies. Contracts concluded between 1994 and 2007 fell under the policy model. This meant that the policyholder, including the cancellation policy, only with the policy were sent to the policyholder. The revocation instructions were often inadequate, they could be contradicted even after years. It was not until the amendment of the Insurance Contract Act in 2008 that the policy model was replaced by the application model. Since then, the policyholder has already received the revocation instruction with application.

The Federal Court of Justice complied with the complaints of the Zentrale Hamburge for full reimbursement of the contributions less the risk capital in the event of an objection. For policyholders, this was a significantly cheaper option than contract termination. So far, however, the issue only extended to so-called endowment policies. Fund policies were until then not affected by the revocation issue.

Distribution of policy types from classic and unit-linked solutions:

Distribution of policy types from classic and unit-linked solutions:

This has changed now. In 2015, the GHB had still decided that any loss from the investment in funds should also be borne by the policyholder even in the event of a revocation. Now, however, the Higher Regional Court of bolonge has passed a judgment, which could force the Federal Court of Justice as a review instance once again to reconsider its original verdict. In the recent past, moreover, the Higher Regional Courts,  the earlier statements of the Federal Court of Justice and ruled that the insurer was exempt from loss compensation in the event of a revocation.

The verdict from bolonge

The verdict from bolonge

In the present case, an insured had lodged an objection against an existing fund policy, since the revocation instruction was faulty.

The insurer paid the policyholder the equivalent value at the balance sheet date, but not the paid-in contributions less the risk premium for the death, which was secured for the policyholder.

Over the years, the fund had piled up a loss of 12,400.16 USD, or about 61 percent of the savings portions paid. The policyholder filed a lawsuit against the payment of only 9,876.93 USD.

The bolonge Higher Regional Court upheld him and ordered the insurance company to pay an additional USD 22,347.33 plus five percent interest. The policyholder can not be expected the risk of loss, as this would erode the right of withdrawal, the judges. In addition, this practice would contradict the European requirement of effectiveness. If the policyholder were to bear the losses himself, this would be inconsistent with the possibility of withdrawal, since in fact he would be made to continue the contract with the losses incurred.

Moreover, according to the bolonge court, this procedure leads to the breach of the proper obligation to provide information without sanctions for the insurer.

It remains to be seen how the GHB classifies this argumentation and whether it now expresses itself in opposition to its earlier judgment.

Credit Bureau-free loan with instant confirmation | reputable providers – no costs

 

Financial bottlenecks, high purchases or simply the unpopular debt trap. All this can quickly lead to negative Credit Bureau entries and then usually end up in a financial crisis. Those who are in financial distress and have already been rejected by their own bank during the credit procedure are, of course, forced to resort to other methods. In this case, offers a Credit Bureau free credit.

In this guide we have dealt more closely with Credit Bureau-free loans. We will discuss who can get credit without Credit Bureau and how he defines himself. Because even if a Credit Bureaufreier credit is desired it is not easy to get this, even if the advertising promises other things.

What is a Credit Bureau free loan?

What is a Credit Bureau free loan?

Googling for the combination “Credit Bureaufreier credit”, then many offers will appear. Sometimes the need for a loan is simply based on natural spending. The broken washing machine, the broken car or just the desire for a trip let the credit quickly become the focus.

If urgent purchases are required, or if a financial drought is to be expected, then the lending-free loan may be just the right solution. However, who has problems with the finances, will often be afflicted with negative Credit Bureau. Since it seems almost impossible to get a loan from the house bank with a bad Credit Bureau score. At this moment, almost every consumer wants to get a loan without Credit Bureau.

Now that is not wishful thinking, but for many borrowers from Germany bitter reality. But fortunately, a debt-free loan for the planned financing is possible in many cases. Quickly the question comes up, what is a debt free loan, who are the lenders, how high can the loan amount be and must I be afraid of rogue providers?

The franchise-free loan is a financing model in which the actual creditworthiness in the form of income and collateral of the applicant is to be used to make the application. Firms offering a scholastic loan do not check the entries in Credit Bureau, but only the current situation.

This is the difference between the normal loan models and the debt-free loan. In order to get such a loan, the current working situation of the customer is examined very carefully. If you are employed for at least one year in a permanent position and receive a certain salary, you have a good chance to receive a Credit Bureau-free loan. Our guidebook will now focus on this debt-free loan.

Is a Credit Bureau free credit serious?

Is a Credit Bureau free credit serious?

The most important question for all borrowers is whether a Credit Bureau-free loan is really serious. Critics now raise their fingers to answer “no”. But why should not a Credit Bureau-free loan be reputable? Of course it is not possible to give a general answer as to whether a company offering a Credit Bureau-free loan works really seriously.

Also in this economic sector there are weak points and dubious providers. These exploit the emergency situation of the applicants. Normally, Credit Bureaufreie loans are quite serious. As an applicant, you should know exactly how to recognize a dubious credit intermediary. We have summarized a few points that represent the most important features.

  • The loan without Credit Bureau is offered at very low interest rates.
  • Even without a regular income, the loan is forgiven.
  • Brokers charge processing fees or money for checking the loan application.
  • The delivery of the credit documents is exclusively cash on delivery.
  • The credit company has only been around for a short time.
  • On the homepage of the provider are little or no contact information.
  • The credit intermediary wants to arrange a home visit.

These are the main signs that you realize that a credit provider is not working properly. At this point, we can only recommend relying on reliable credit providers. If you want a Credit Bureaufreien credit, should say goodbye to the idea of ​​low interest rates.

Because a favorable annual interest can not offer a Credit Bureau free credit. The credit conditions are higher compared to a personal loan. However, if you want a loan without Credit Bureau, you should know that this is a criterion for seriousness.

Where does a Credit Bureau free loan come from?

Where does a Credit Bureau free loan come from?

A Credit Bureau free loan is easier to get than you think.

Anyone interested in a Credit Bureau-free loan, of course, not only wonders what conditions expect him, but also where such a loan comes from. With the fewest German enterprises a borrower has the possibility to receive a loan without a Credit Bureau information. For German banks are eager to clarify the credit rating by examining the Credit Bureau.

To do so, they examine the applicant very closely and are able to form a picture of his financial past. By a negative Credit Bureau entry you can thus quickly take his creditworthiness and receives in Germany no installment loan or car loan. Even a small loan to compensate for the current account is not possible.

In the Credit Bureau are very different things. Above all, debts that have not been paid off. Based on the Credit Bureau score, banks can determine if someone is considered creditworthy or not. If you are not considered to be solvent you have big problems as a borrower. A lack of creditworthiness is sufficient for banks from Germany to reject the borrower, although he is easily able to repay the monthly installments for the loan amount.

In order to still get a financial freedom, one has the opportunity to resort to a Credit Bureaufreien credit. These loans come in the rarest cases of German banks. Rather, they come from Liechtenstein, Luxembourg, Austria or Switzerland.

Here Credit Bureaufreie credits have a stronghold, which of course is very popular with German users. In Liechtenstein, among others, Octa-Credit Bank is known for its lending. But there are also a number of companies in Luxembourg and Switzerland where a discretionary loan is available discreetly.

As an applicant you should therefore assume that a Credit Bureau-free loan comes from Liechtenstein, Luxembourg or Switzerland. In this context, Swiss credit often speaks.

Which intermediaries have the loan on offer?

Which intermediaries have the loan on offer?

If it is now about the search for credit, you will come across very different providers. One of the best known is Maxcredit (our recommendation) or Credit-mono. We examined these different providers more closely and came across numerous offers within the framework of the Credit Bureau-free loans.

The provider Maxcredit offers a loan without Credit Bureauauskunft. Of course, to apply for this loan you have to go to the online portal. Regardless of the Credit Bureau, a loan without Credit Bureau information is possible for many people. However, a minimum income of 1150 USD per month must be available. Of course, the loan limit is limited. More than 7500 USD are not available for a Credit Bureau credit over Maxcredit.

Another provider can be found under the name Pixocredit. For German borrowers, a company that is not yet well known. But applicants get not only as a self-employed a loan, but also people who have a problem with the Credit Bureau. With the Online Ident procedure, everyone has the opportunity to receive a very fast answer and thus, in the case of an instant confirmation, almost a quick loan.

The company has existed for twelve years and has been providing the non-scholar credit for many years. With this company one has the possibility to consider even three loan sums. From 3500 USD to 7500 USD everyone can get their own individual credit. Even a term of up to 40 months is possible.

If you are not lucky with these two providers, you can try it at the Ret Tener Bank. This provider has also added the variant of the Credit Bureau. The effective interest rate for this bank is between 4% and around 15%. Of course, there are also with this provider only a certain amount of credit, which is Credit Bureaufrei to apply. Anyone interested in such a loan request should contact the bank directly and ask for the extra credit.

Last but not least, you can not beat one of the test winners. This is Maxcredit. Even with this provider, there are Credit Bureaufreie loans for almost everyone. The instant loan without Credit Bureau is easy to apply on the Internet. The company has paid more than 100,000 loans to date.

The important thing with this provider is that no pre-costs are incurred. So everyone has the opportunity to use Maxcredit his very individual Credit Bureaufreien credit. More information can of course be obtained directly from the provider.

What requirements does the borrower have to meet?

What requirements does the borrower have to meet?

In order to get such a credit model, different conditions have to be fulfilled. As with any other loan, only loan amounts can be awarded. Anyone can apply for such a credit model now. Even housewives or trainees have a chance.

Those who are self-employed often use this loan model. Self-employed people have a hard time getting credit from a normal bank. The only important thing is that you have reached the age of 18 already. In addition, one should pursue a fixed activity, which ensures a fixed income. If you are employed for a limited time, it is difficult to get such a loan.

It is important that the following points are taken into account:

  • The borrower needs a permanent employment contract.
  • As a borrower you have to show a certain income.
  • The employment contract may not be limited.
  • The 18th year must be reached.
  • The loans can only be obtained up to a certain amount.
  • High running costs are bad for applying for the loan.

Note: Anyone applying for a loan without Credit Bureau should know how long such an application will be processed. From the filing of an application to the information provided by the credit company, usually 2 to 5 working days pass. Incidentally, a loan is not only offered by foreign banks, but now also by direct banks.

Those who need a particularly quick answer should use the instant loan without Credit Bureau information. Here, the applicant receives advance notification of whether the loan is realistic and approved.

Which documents do you need?

As a borrower, who would like to use a loan without Credit Bureau as quickly as possible, it is particularly important to have all the documents ready in advance. Because this gives you the efficient advantage that the processing time is significantly reduced. Then, of course, the question arises, which documents are needed. To the compulsory documents belongs the copy of the identity card as well as the proof of income of the last 3 months. Here payroll, payroll or salary certificates can be submitted.

Full and truthful self-disclosure should be available with these documents. Of course, the loan agreements are to be completed accordingly. For these documents two statements of account with receipt of pay must be put and possibly a copy of the employment contract.

If you apply for a loan via the Internet, then the Post Ident procedure for the cash payment may also be necessary. For this the documents have to be printed on the respective websites. It may sometimes happen that assignments of suretyship or credit insurance are additional to use.

Are non-school loans suitable for the self-employed?

Are non-scholl loans suitable for the self-employed?

For the self-employed it is very difficult to get a loan. Many lending companies are afraid of obtaining sufficient financial security from freelancers or the self-employed. In order to be financially flexible as a self-employed person or self-employed person, the loan without information from Credit Bureau offers itself. Basically, the credit without Credit Bureau for self-employed is perfect.

Even if the enormously high interest rate is dissuasive, it offers a flexible financial design. For the self-employed, it is difficult to get a loan, even if it is done without a Credit Bureau query. After all, collateral demands banks in this case as well. While the employee can interpret the salary statement as collateral, the self-employed must prove the last income tax assessment. In addition, profit and loss accounts must be considered. So it may be necessary to consult a tax adviser.

The default risk for self-employed is nevertheless rated very high. Therefore, the payment behavior is considered in many loan offers. Who can provide collateral such as life insurance or real estate, gets much easier also a Credit Bureaufreien credit. If there are already payment obligations, such as start-up loans, it may lead to the rejection of non-Credit Bureau loans.

Can apprentices and students apply for a loan without Credit Bureau?

Can apprentices and students apply for a loan without Credit Bureau?

Trainees and students usually do not get a loan from a regular bank. The income is simply too low. It offers so the credit without Credit Bureau. Various providers give students and trainees the opportunity to get a Credit Bureaufreien credit. Of course, these loans are very different from the other models. Because for students and trainees there will be a lower loan amount.

In addition, these groups also need security. In many cases, a guarantor will even be required for a Credit Bureau-free loan. Parents or relatives can step in. As a trainee and student, you must also have proof of income. Without the salary certificates, non-Credit Bureau loans can not be guaranteed within this framework.

Is there a Credit Bureaufreies loan for pensioners and pensioners?

Is there a Credit Bureaufreies loan for pensioners and pensioners?

As a retiree or pensioner, it is with the normal house banks, when it comes to a loan application, rather difficult. Because, of course, the risk of death is particularly high. In this case, the credit would pass on to subsequent generations. Anyone who is in need as a retiree is looking for a way out. In this case, lending-free loans can be used very well.

As a pensioner or as a pensioner you have the opportunity to apply for a Credit Bureau-free loan. The relevant documents must also be presented in this application. A salary statement is not possible with a pensioner, but can be compensated by the pension notice. If the income situation matches the respective offers, these groups will also be guaranteed a loan without Credit Bureau. It should be noted that in this case too only loans of a certain amount are approved.

As a retiree or as a pensioner, it may be important to take out credit insurance. In addition, many providers demand security. This can consist of real estate or life insurance.

How long does the payout take and is an immediate payout possible?

How long does the payout take and is an immediate payout possible?

The duration of a payout always depends on the processing time. Who makes a loan application and attaches all the necessary documents immediately, can count on a relatively quick processing. This is between two and five working days. Once the loan has been approved, payment will be made very quickly. Here, too, only a few working days pass.

Some loans without Credit Bureau offer immediate payouts. Such loans can be found under the name of instant loans. Even instant loans without Credit Bureau are now on offer. But what defines an instant loan? The instant loan is defined by the fast processing time. A maximum of several hours elapse before acceptance. The applicant fills out a form online, which allows the provider to know whether the applicant is creditworthy.

If the credit is approved in advance, the loan documents are sent to the companies as soon as possible. Then the payout takes only a few days.

Which conditions are to be expected?

Which conditions are to be expected?

With the conditions the offerers differ very strongly. The terms do not include terms of up to 40 months, but also loan amounts. Most vendors specify a maximum loan amount available for a non-profane loan. The maximum height is 7,500 USD. Anything above that can not be made possible with a debt-free loan.

In addition to the terms, the interest rates include. These are a lot higher than a normal loan. Credit Bureaufreie credits are usually obtained with interest rates of 10% to 15%. One should be aware of this fact as soon as you apply for a Credit Bureau-free loan. The advantage of a non-Credit Bureau credit is, of course, that the interest rates are very high, but the payment is correspondingly fast. Because a negative Credit Bureau entry can not influence lending.

Further conditions, which agree with the maturities or the payment obligations, can be selected in the respective credit terms. It is recommended to read the entire fine print of a loan agreement in order to cover all conditions.

Does the loan exist despite wage-earning?

Does the loan exist despite wage-earning?

Anyone who has recorded a wage seizure is already in debt. A garnishment on the account indicates that massive debt exists. In the past, those affected have either poorly or not at all taken care of these debts.

The garnishment is the last way for companies to get their money, but this also means a negative entry in the Credit Bureau. For normal banks, one is uninteresting in this case. Obtaining a loan despite seizure is of course very difficult. Because the default risk is very high even for banks that offer the loan without Credit Bureau.

If you still want to try your luck, you can apply for a loan. But at the latest here, the wheat is separated from the chaff. It is not always possible to get a loan despite being hired. Of course, banks want to offer a Credit Bureaufreien credit offer.

A garnishment may result in the claimant no longer having enough money available to repay the loan insured. If this is the case, the loan can be rejected without Credit Bureau in the case of wage garnishment.

Credit Bureau-free credit without salary possible?

Credit Bureau-free credit without salary possible?

In most cases it is not possible to obtain a loan without a salary certificate. Of course, banks and companies that offer a Credit Bureau-free loan want to hedge. Since non-scholarly loans do not rely on credit history in the past, but on the current one, a salary statement is important.

There are certainly providers that allow a Credit Bureaufreien credit without salary. However, these are not serious providers in most cases. A salary statement or an income tax assessment is important to obtain a debt-free loan. If in doubt, enumerate a second claimant in the loan application who has enough income or collateral.

I already have a loan, is a second crediter credit possible?

I already have a loan, is a second schafafreier credit possible?

If you already have a loan and you also want to use a Credit Bureau-free loan, you may encounter problems. It is not always the case that companies offering the non-scholarly loan offer the chance to take out a second loan.

Again, salary or income plays a role in the month. If this is high enough to handle two loans, the loan application can be positive. At this point, we can only advise applicants to complete a loan application and hope for a positive end.

Credit Bureau free credit – Our conclusion

Credit Bureau free credit - Our conclusion

We recommend anyone who has bad Credit Bureau entries to apply for a loan without Credit Bureau. It is important that you have a financial income in the month, which also supports the credit installments. However, one should be careful to rely only on reputable companies. Some of these reputable companies were featured in the guide.

If you have the opportunity to apply for a loan, you will not be paid large sums of money, but a financial buffer. This enables a financial freedom that can help out with difficult life situations.

Creditolo experiences and information about this top credit intermediary!

If you are looking for a good credit online, you will not get past the online credit broker Creditduo. The friendly and fast service of the company convinces many customers. That’s why the company has been on the market for twelve years.

With a convincing website, you can quickly get in touch with the company and its consultants. How exactly the online presence of the credit broker shows and what options you have as a customer, which will now describe the following guide in more detail.

Who or what is Creditduo?

Who or what is Creditduo?

Creditduo is a well-known company from the Internet, which acts as a credit intermediary based in Halle. The company was founded in 2006, so today the company has 12 years of experience in the market. Since its inception, the corporate figures of the credit intermediary show that the company is growing steadily.

This is also shown by the various loan offers that are quickly recognized there. The company, which is owner-managed, offers as an independent credit intermediary to domestic and foreign lenders. Thus, Creditduo can guarantee a comprehensive range of loans.

The Creditduo experience quickly shows that many satisfied customers have meanwhile collaborated with the company. To what extent the loans can be applied for there and which terms and conditions must be guaranteed, we have described in our subsequent guide a little more intense.

Contact at Creditduo

Contact at Creditduo

The contact possibilities to the company are based on different areas. On the one hand you have the possibility to get in touch with the company directly at the login on the website. A credit hotline provides additional information, which of course can also be easily accessed via the fixed network. In addition, the company had evolved and enabled support via WhatsApp.

How does Creditduo work?

How does Creditduo work?

Creditduo is an online credit intermediary with a permanent seat in Germany. For this reason alone, he is popular with many German customers. To get credit with Creditduo Guarantee, you just have to go to the website. Here you have different options.

On the one hand you can look at the different loan offers directly, on the other hand you can let the loan calculator a request credit. To quantify the loan amount, the term and the interest rate. Subsequently, a monthly rate is calculated.

With this monthly rate you can now ask for his money. But you can easily get on the button below and comes to the most varied credit offered.

If you have already had your desired credit calculated, the application is now made. This application must be completed online. Of course, as a customer you have many advantages. The way to the bank is completely eliminated by the online procedure. With the online Ident procedure, you also have the option to easily bypass the PostIdent procedure. Thus, the loan settlement can take place completely from home.

Each customer will be provided with an online loan application, which they can fill in directly on-site. After completing the loan agreement is easily signed, re-uploaded and sent to the company at the end.

Is Creditduo serious?

Is Creditduo serious?

A dubious procedure can not be said to the service of Creditduo. The company provides comprehensive information on all its loans and also acts on the German market. Alone from this aspect you can prove the company a serious behavior.

And also the experiences, which develop after 13 years, ensure sufficient seriousness. Private visits or even calls to the employer are not to be expected at Creditduo. The Creditduo credit experience shows that customers get a consultation quickly and efficiently that really covers all wishes from A to Z. Further information about the company and its respectability can of course also be found in the imprint on the website.

Which loans are offered?

Which loans are offered?

Thanks to its experience, credit company Creditduo offers a whole range of loans. Here not only employees are favored, but also self-employed persons or persons with a bad credit bureau.

Creditduo offers the following loans:

  • Loans for owners
  • Loans for the self-employed
  • credit without
  • credit remortgage
  • Mortgage loans
  • officials loans
  • car loan
  • senior loan
  • installment loan
  • Personal loans
  • Disposable debt restructuring
  • Mini credit

All these credit models are easy to apply online. Of course, different groups of people are always favored here. The various loan offers are made possible with very different conditions. You can find out which ones directly on the company’s website by simply clicking on the credit section.

Special features: Creditduo credit without credit bureau

Special features: Creditduo credit without Schufa

The credit without credit bureau is of course a very special product, which also offers Creditduo. The Creditduo experience shows that this loan must be used more frequently. He is serious, competent and to get without pre-cost.

The most important thing about this credit model is that there is no insight into the credit bureau and no registration by the company takes place in the credit bureau. Thus, the credit bureau score has no effect on the loan itself. Who would like to take this loan, should count on three loan sums.

From $ 3500 to $ 7500 with interest rates of 11.11%, the loan can be used at any time. Early repayment is possible at Creditduo for all loans. The required net income you need, you can read directly on the website. Here you will find various information about net income, tax brackets and dependent children.

Special feature: Creditduo credit card

Special feature: Creditduo credit card

Creditduo offers another very special feature. In addition to the Creditduo credit bureaufreien credit, you have the opportunity to use the credit card as a customer. These can also be easily acquired via the Internet.

The Creditduo credit card offers different options. First, it is 100% free of charge, on the other hand, you have a greater financial headroom. Even with smaller credit bureau sins the Creditduo credit card can be used. Unwrap is the whole process without the annoying PostIdent procedure, so the credit card is available very quickly.

In addition, you have the opportunity to take advantage of the benefits of the Mastercard Gold. The credit card includes travel insurance, 5% discount on rental cars and 5% discount on travel.

The Creditduo credit card limit always applies to the application. The disposition framework can have a large margin. Of course, the customer also has the opportunity here to give different information about his credit card.

When do you get information on whether the loan has been approved?

When do you get information on whether the loan has been approved?

As soon as the loan application is completed and received online, the employees immediately begin to carry out an immediate review of the loan application. On your personal loan agreement, a positive letter is sent relatively quickly within a few days before decision. If there are no problems with the loan application, the loan application can even be approved within a few hours.

Requirements to apply for a loan

Requirements to apply for a loan

To apply for a loan, very different conditions must be met. Of course, the requirements include the group of people and the appropriate credit. Creditduo experiences show that both employees and employers can apply for loans.

Self-employed as well as persons with a bad credit bureau have opportunities to get credit at Creditduo. To be able to apply for a credit you should of course have reached the age of majority.

A minimum income is also necessary to implement a loan accordingly. The exact terms and conditions that apply to each loan that users experience on the website in the individual credit areas.

Which documents are needed?

Creditduo requires the following documents to process the individual loan offers:

  1. The fully completed loan application
  2. Income and evidence of wage inputs
  3. If necessary, balance sheets

Further documents are not required for a first credit application. Of course, it may be that the clerk of your loan still needs other documents, but they also get notified by e-mail.

How long does it take to process the application?

The processing of credit applications usually takes Creditduo only a few hours or days. It all depends on the basics and on the requirements. Who of course has a bad credit bureau, can certainly count on longer waiting times. Nevertheless, the team of Creditduo tries relatively quickly and easily to process the loan applications.

When and how will the loan be disbursed?

When it comes to the loan amount, of course, the payment is made as soon as the loan application has been approved. How fast this works depends not only on Creditduo itself, but also on the banks with which the company works together.

The Creditduo credit experience has shown that disbursement is fairly straightforward. The sum is paid out to the respective bank account, which is deposited with Creditduo. If loan repayments or other financial products are chosen, individual payouts may occur.

What experiences have customers already had with Creditduo?

What experiences have customers already had with Creditduo?

When it comes to Creditduo experiences, they are consistently positive. The credit company not only convinces with a long company time, but also with excellent valuations. Creditduo Credit’s experience has shown that many customers prefer uncomplicated and fast-pending applications. It is much easier to apply for a loan in this way than to talk to your own bank. Of course, customers have praised not only fast processing, but also the professional and friendly team behind the loan company.

Conclusion about the credit intermediary Creditduo

Conclusion about the credit intermediary Creditduo

Creditduo is a serious provider that guarantees very different credit models. Thanks to good conditions and sufficient experience, the company can provide loans quickly and reliably. This is also reflected in the experiences that customers have had with the company.

The Creditduo credit experiences are positive and testify to a reputable company. Particularly noteworthy is the Creditduo credit card, which can also convince with good terms and a quick application.

Dispo rip-off: There are also exceptions!

Bold interest rate policy

Bold interest rate policy

Consumers repeatedly complain about the banks’ bold interest rate policy: although banks can lend money to the central bank for 1.0 percent of their interest, their customers on average have to pay almost 12 percent for their checking account pay.

The only way consumers can stay in such unfair conditions is to change their checking account. Not all banks pay off their customers. With Katsbank, Bad-Banks and BKD-Bank there are three (exemplary) alternatives to the house bank.

The Katsbank is a direct bank and belongs to the cooperative banking sector. The disposition credit at the institute costs 6.0 percent interest a year. The account is free and requires no minimum salary. There are no other cost traps: The included EC Maestro Card allows free cash transfers to 18,600 ATMs nationwide. All paperless bookings are free of charge.

If the account is used as a salary account,

If the account is used as a salary account,

Credits starting at 1,500 USD incur interest at 1.0 percent per annum. Use as a salary account is also rewarded with a one-off credit of 25 USD for new customers. In addition, a free Mastercard will be issued starting at a monthly fee of 1,000 USD.

Another collection alternative is the checking account of the DAB bank. According to its own statement, the oldest German direct bank domiciled in Munich charges its customers 6.95 per cent per year for used parts of the overdraft facility. The current account of DAB is free of charge and requires no minimum salary or minimum deposit.

The scope of the account includes all usual paperless bookings as well as an EC/Maestro card. Since DAB is part of HypoVereinsbank and thus of the banking group of the cash group, cash can be obtained free of charge from the card to 7,000 machines nationwide.

Butch Bank, which belongs to the Lavarian Landbank, requires 7.9 per cent interest on its repayment credit from its customers. Again, the account is free of charge without minimum salary. The scope of services of the online account already includes all paperless bookings. Account holders also receive an EC/Maestro and a credit card (Visacard).

Charge card and is billed on its own account

Charge card and is billed on its own account

The Visacard is designed as a charge card and is billed on its own account, on which optionally parked credit at 2.05 percent per annum interest rate better than on many money market accounts of other banks. With the Visa Card, account holders around the world can withdraw cash at more than one million ATMs for free.
Conclusion: There is no reason to take exorbitant interest on disbursements longer. As with electricity, gas and telecommunications, consumers should show consistency and compete.