Even if your own credit rating is not particularly good, you can still get emergency loans. The risk for the banks is much lower if two borrowers apply for a loan together. It often does not matter if one of the borrowers does not have a good credit rating.
Credit from private individual to private individual
You can of course also get a loan despite credit score by taking out a loan from someone who is in a better financial situation. Here you can try to get a loan from friends or family or you can contact credit marketplaces on the Internet for a loan without credits or despite bad credit score, where you can take out a loan from private individuals – of course, these must be reputable providers .
The contract should contain information and one can find out this here: loan amount, APR, term and, if available, also the collateral. In principle, everything should be included that would also be in the contract if you were to take a loan from one of the traditional banks. This is not only used to inform the tax office, but also to provide security for both the lender and the borrower. Unfortunately, some good family relationships and long friendships with private loans have already broken because the details and agreements relating to the loan were not adhered to.
Loans from foreign banks
Your third option to get a loan despite a negative credit score or a loan despite a creditworthiness entry is to contact a bank that is based abroad. If your credit score entry is really bad, you can apply for a loan from a foreign bank as a last resort. However, you should contact a credit intermediary for this instead of going directly to a foreign bank.
