Anyone who has achieved civil servant status in Germany can count themselves lucky. This is usually associated with a permanent job until retirement and a decent income, from which one can live well and which should offer a solid starting point for various activities. Despite all of this, many civil servants do not have enough of this generous income.
Every now and then they need more money than they have at their disposal and therefore have to take out a loan. No problem so far, as the banks and savings banks are very happy to grant loans to civil servants. Because of the civil servant status, they provide sufficient security.
But if there are problems with private credit checker, civil servants are no longer given preferential treatment and, like all other borrowers, have to worry about the loan. Because a loan for civil servants without private credit checker is not a matter of course and is only granted if the person concerned brings additional collateral other than his civil servant status.
The additional collateral that can provide a loan for civil servants without private credit checker
Banks need collateral. This is well known and understandable. After all, they have nothing to give away and want to be sure that they will get the money they lend back at some point. Civil servant status is actually very good security. Can you only be dismissed as a civil servant if you’ve had a huge faux pas?
But without a good private credit checker, which only exists if there is no debt to the borrower, even an official cannot easily get a loan for officials without private credit checker. Because private credit checker is an important security that is generally asked for when lending in Germany. Anyone who has a negative private credit checker as an official must see how he can compensate for it. In principle, there are two options.
On the one hand, a guarantor can be sought for borrowing. If this is solvent and able to support the loan throughout the entire repayment phase, the bank will certainly agree to the request for a loan for civil servants without private credit checker. Because then all the collateral is given that the banks want.
Another option can be found abroad. There, collateral that is related to private credit checker is less important, since private credit checker data cannot be queried from abroad. Rather, one can achieve so much with civil servant status alone that a solid loan is possible. But be careful: abroad, the interest on a loan is usually higher than here in Germany. One should therefore calculate precisely whether such a loan is also worthwhile for civil servants without private credit checker.
The loan for officials without private credit checker from abroad
Incidentally, the best chances for such a foreign loan are in Switzerland or the Principality of Liechtenstein. There are some reputable banks that will approve a loan to an official. We would also be happy to use the Internet, so that a time-consuming trip abroad is not necessary and it is not absolutely necessary to commission a credit broker to take out such a loan.