Loan after residual debt discharge: Who grants a loan?

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In the Residual debt discharge the insolvency court will forgive your debts. However, the debt forgiveness does not apply to the negative Schufa entries. Negative Schufa entries due to a Residual debt discharge are merely marked as "completed". Deletion of the negative Schufa entries does not occur until three years later. Thus, despite completed insolvency, Schufa remains suspicious and warns the affiliated banks of the risk of renewed insolvency. Therefore, individuals seeking credit after residual debt discharge are often not creditworthy due to the negative Schufa record. The article "Which bank gives credit despite negative credit bureau?" is therefore a good first port of call when it comes to finding a loan after residual debt discharge. In this article, however, we will take a more specific look at the question of "Who grants a loan after a discharge of residual debt?

Who grants credit after residual debt discharge?

If your bank does not give you a loan yet because of a discharge of residual debt, which is still a negative feature in the Schufa, you can bon credit*, Smava* and similar providers (see below) a Credit after the granted discharge of residual debt give. Since the removal of the Schufa entry after the discharge of residual debt 3 years needed is a Credit despite negative credit bureau the only way to obtain a loan in the short term. You should pay attention (⚠️) not accidentally take the more expensive loan without Schufa to inquire. The loan despite Schufa from Smava or Bon-Kredit, costs namely only about half in interest, as the loan without Schufa of the Sigma bank*. The granting of loans after the discharge of residual debt is particularly successful if you have a regular income have and you financially "well behaved". This sounds complicated, but it simply means that after the discharge of residual debt, you must do not take over with credits and in any case the Loan installments from your disposable income can pay.

#1: Receipt credit
Bon credit logo

High expertise in loans despite Schufa



4,9/5 (eKomi)


Interest charges: approx. 8 % at €10,000 & 72 months
Loan Amount: 100 to 300,000€
Minimum income: €1,300 net per month
Duration: 12 to 120 months

Bon-Kredit Siegel


To the provider:
Bon-kredit.de


#2: Smava
Smava: Loans with poor credit rating and despite negative Schufa

Cheaper does not go warranty



4,9/5 (eKomi)


Interest charges: -0.4 % at €1,000
Loan Amount: 500 till 120.000€
Minimum income: €601 net per month
Duration: 12 to 120 months


Smava Siegel



To the provider:
Smava.de



Speed
24
Hours
Costs
5/5
Points

Smava undercuts offers from other providers with the "You can't get cheaper than this" guarantee


To the provider:
Smava.de
#3: Vexcash
Vexcash: Loans despite negative Schufa

Fastest payout



5/5 (eKomi)


Interest charges:approx. 14.8 % pa rms.
Loan Amount: €100 to €3,000
Minimum income: €700 net per month
Duration: 15 - 90 days

To the provider:
Vexcash.de



Commitment probability
>80
Percent

Inaccurate data on commitment probability

Speed
< 1
Hour
Costs
3/5
Points

Smart option too expensive


To the provider:
Vexcash.de
#4 Auxmoney
Auxmoney - loans without Schufa from private individuals

Alternative: Loan from private


Suitable for self-employed



4,8/5 (eKomi)


Interest charges:approx. 5.24 % pa rms. at €13,300 & 84 months
Loan Amount: €1,000 to €50,000
Minimum income: €1,000 net per month
Duration: 12 to 84 months

To the provider:
Auxmoney.de



Speed
4
Days
Costs
5/5
Points

Favorable conditions


To the provider:
Auxmoney.de
#5 Sigma Kreditbank
Sigma Kreditbank AG: Loans from Liechtenstein without Schufa


Real credit without Schufa from Liechtenstein



4,8/5 (eKomi/Maxda)


Interest charges:11,11 %
Loan Amount:
3.500 €
5.000 €
7.500 €
Minimum income: €1,260 net per month
Duration: 40 months

To the provider:
Sigma credit bank


Commitment probability
33
Percent

Refusal, without permanent employment

Speed
4
Days
Costs
3/5
Points

Interest expensive


To the provider:
Sigma credit bank
#6 Creditolo
Creditolo: Loans from Switzerland and Liechtenstein without Schufa




4,3/5 (trust pilot)


Interest charges:11,11 %
Loan Amount:
3.500 €
5.000 €
7.500 €
Minimum income: €1,260 net per month
Duration: 40 months

To the provider:
Creditolo.de




Commitment probability
33
Percent

Refusal, without permanent employment

Speed
4
Days
Costs
3/5
Points

Interest expensive


To the provider:
Creditolo.de
#7 Ferratum
Ferratum: Loans without Schufa from Malta




4,7/5 (eKomi)



Interest charges:10,36 %
+ installment option
Loan Amount: €50 - €1,000 for new customers
€50 - €3,000 for existing customers
Minimum income: €1,100 net per month
Duration: 30 days - 180 days

To the provider:
Ferratum.de



Commitment probability
>80
Percent

Inaccurate data, for commitment probability

Speed
24
Hours

At the end of 2022 there are unfortunately delays in payment up to 48 hours

Costs
3/5
Points

Interest expensive


To the provider:
Ferratum.de
Loan after residual debt discharge Who gives a loan despite negative Schufa
Credit after residual debt discharge: Who gives a loan despite negative Schufa?

Credit after residual debt discharge - The most important facts in brief

Most house banks do not grant a loan even after the residual debt discharge, because the Schufa adjusts the score only 3 years later

If your bank does not give credit because of the negative Schufa record, you can bon credit* or Smava* often still borrow money despite the Schufa feature not yet deleted.

A private insolvency usually lasts a little more than three years (6 years before 01.10.2020) and ends in the best case with the discharge of residual debt.

Credit after discharge of residual debt Private insolvency_REstschuldvefreiung_regulär Creditworthy
The discharge of residual debt is granted after 3 years. It takes 6 years until the regular credit rating, where the Schufa entry has also been deleted.

These providers do not directly mediate the expensive Credit without Schufa, but work with banks that attach less importance to the Schufa. Thus, a loan can not without Schufa query, but DESPITE THE NEGATIVE SCHUFA FEATURE be granted. In addition to well-known banks such as Targobank, smaller financial institutions that do not operate on the market themselves can also be considered as providers. But also Loans from private Can be used from Smava* be conveyed.

If you need a loan after the discharge of residual debt, the first thing you should do is not to ask for the expensive loan without Schufa of Sigmabank. Loans from private individuals or special banks can also be granted despite the negative entry and are offered by bon credit* or Smava* mediated on much more favorable terms.

Another option is to offset your negative Schufa score with the good creditworthiness of a solvent guarantor. In this case, however, the bank turns to the guarantor when you default on your installments and he has to stand in for you. This can put your relationship with the guarantor in a precarious position. You are therefore faced with a similar problem to the one you face with the Credit with fixed-term employment contract.

How you should proceed to get a loan after residual debt discharge

After your discharge of residual debt, you should first critically examine your credit rating before taking out a new loan. Amount of the credit and also with the Need of taking on new debts. Because you're probably glad that your personal insolvency is now done.

First check the amount and necessity of the loan! Are there alternatives such as a temporary waiver?

If you are convinced that taking out a loan suits your situation, you can first apply for a loan at bon credit* and Smava* inquire. Asking several providers at the same time will not burden your Schufa score and will not worsen your credit chances with the other provider.

Question at several suppliers at the same time to get the best offer. After a discharge of residual debt are bon credit* and Smava* good starting points, as they convey offers fairly despite negative Schufa.

If you receive a rejection, you can try to apply for a loan together with a guarantor. People with a permanent job and a good credit rating are suitable for this. For students or young professionals, your own parents are often suitable guarantors.

If you have received rejections from two or more providers without a guarantor, you should get a guarantor, shorten the term or request a smaller loan. These options drastically increase your chances of getting a loan after discharge of residual debt.

at Mini loan provider how cashper* become Credit terms and the sums so limited that a loan can also be after a discharge of residual debt is often granted. Thus, the provider specializes in loans with terms of one or two months.

In addition, there are always offers from Cashper, where the loan is granted without interest. If you are in the temporary employment 700 € or more per month the application via Cashper is usually unproblematic and you will receive an Loan with fixed-term employment contract.

Mini-loans are granted without problems in case of negative Schufa. However, their term is limited to 1-6 months and you can borrow a maximum of Borrow € 3,000.

Credit after residual debt discharge through the support of a guarantor

If you have a guarantor, you can get a loan on good terms. However, if the installments are not paid, the bank will contact the guarantor. The guarantor is liable for the loan amount and the bank may collect the money from him. This can put a strain on the relationship with the guarantor, and his trust should not be abused.

The ideal guarantor should therefore be a good credit have. For this are a permanent employment, a good Schufa and a stable income above the seizure exemption limit is ideal. If you have a person with these characteristics in your circle of acquaintances who will vouch for you, the loan can be granted in many difficult cases. Thus the Loan after residual debt discharge with a solvent guarantor often possible. But also the Loan with fixed-term employment contract is unproblematic with a solvent guarantor.

The ideal guarantor has a permanent job, has survived the probationary period and a fixed term, has an income of 1260 € per month or more, and has a medium credit rating or better
The ideal guarantor has a permanent job, survived the probationary period and a fixed term, an income of € 1260 per month or more, and a medium credit rating or better.

Advantages of the guarantee for a loan

  • Lending with a guarantor is possible with most banks after a discharge of residual debt.
  • You can offer the bank collateral if you don't have a permanent job and can't get a loan otherwise.
  • The guarantor can support a family member, acquaintance or friend.

Disadvantages of the guarantee for a loan

  • The guarantor bears the entire risk.
  • A guarantor does not receive compensation for the guarantee.
  • You bear a great responsibility as a debtor, because the bank can turn to the guarantor
  • Therefore, private relations with the guarantor may be strained.

Credit after residual debt discharge - Conclusion

A private insolvency usually takes a little more than three years and ends in the best case with the discharge of residual debt. However, most house banks do not grant a loan even after the residual debt discharge, because the Schufa does not adjust the score until 3 years later. If you need a loan after the discharge of residual debt, you should first consider the amount and the need for the loan as such critically question. There are often alternatives such as a temporary waiver, or even a more favorable Used car financing despite negative Schufa to give just one specific example when buying a car.

The expensive credit without Schufa is usually not purposeful, although providers of the Ranking of Swiss credit providers, often have alternatives. These include Loans from private individuals or special Banks for difficult credit cases. These loans can also be granted despite the negative entry. The highlight: Via providers such as bon credit* or Smava* you will be given loans at much more favorable conditions than the "real" loan without Schufa.

Question nevertheless with several suppliers at the same time in order to best offer despite the negative feature to obtain.

If you have received rejections from two or more providers without a guarantor, you should find a guarantors consult, or a smaller credit request. These "simple tweaks" increase your Opportunities with credit after residual debt discharge drastically. Moreover, mini-loans are granted without problems in case of negative Schufa. However, their term is limited to 1-6 months and you can borrow a maximum of Borrow € 3,000.

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