To verify the creditworthiness of a borrower, donors of loans, ie banks and other credit institutions, are often required in addition to salary and wage checks and the statements of account of the applicant. Getting a loan without bank statements is a little unusual, but not impossible or even a serious problem for the borrower. In order to evaluate a borrower and his creditworthiness, banks use not only the creditworthiness of account statements and proof of their own salary, but also inquiries about the entry in the credit bureau Register. If the income of the borrower in relation to the requested loan amount is rather high, and the credit bureau entry has no negative information or even refers to an outstanding arrest warrant, a loan can also be obtained without account statements.
Keep unscheduled high expenditures secret from lenders
The main reason why borrowers are reluctant to file bank statements with the lender is usually unscheduled high expenses or direct transfers in relatively large sums. Even current contracts can be recognized through the bank statements and influence the bank in their decision, especially in view of the background that the credit bureau under no circumstances claims the absolute correctness of the entry for itself. Long-expired contracts or liabilities that do not even appear in the credit bureau require the borrowers to collect bank statements in order to get a further look at finances and parts of how to handle money with the borrower. To inquire whether the loan without account statements, which one plans to record, is also reproduced by banks, you should inform in advance with the respective credit providers.
However, borrowers should also be aware that concealing statements does not have a positive or even confidence-inducing effect on the lender. On the contrary, because for every security a borrower does not want to file, the bank automatically goes out of the worst possible case. Those who only want to take out a loan without statements of account due to the protection of their privacy or due to minor flaws, should consider whether it would not be better to submit the bank statements nevertheless. So you do not throw under circumstances a worse light on himself and his creditworthiness than this is absolutely necessary.
Credit without bank statements at foreign banks
Foreign banks often already have proof of a regular job, which is also fixed and regularly remunerated as evidence of the creditworthiness of a borrower. At the same time as the unsuccessful request for account statements, the credit bureau entry can be maintained, provided that a credit provider is sought who does not consult the German credit bureau in its evaluation.