The current account statement is one of the documents that may be required when applying for a loan. In some cases, financial institutions also request statements from the last three months. Based on the account movements, you can check the information provided by the loan applicant regarding the costs necessary for his life. At the same time, potential credit contract partners receive information about the extent to which the overdraft facility is actually used. The private credit checker information only provides information about the existence of such a credit line.
Credit customers often find it uncomfortable to submit bank statements
Applicants often prefer a loan without having to submit bank statements because they give their contracting party insights into their private use of money, which are not absolutely necessary for lending. In fact, far from all financial institutions do not require bank statements to be presented for the loan application. Many banks are satisfied with submitting proof of wages and possibly a copy of the employment contract. When financial institutions grant a loan without bank statements, they usually set average values for the household account, so that it can be advantageous for borrowers with unusually low household costs to prove their account movements.
Applies for a loan without bank statements
In the case of an overdraft, it is essential to pay attention to the lending without bank statements. If the loan applicant has overdrawn his checking account, he must make sure that he only applies for a loan without bank statements. A bank overdraft existing at the time of borrowing is generally considered to be an indication of poor creditworthiness and, at the same time, proof of non-compliance with contractual agreements in financial matters. Banks understand an overdraft only as a negative balance not covered by the overdraft facility. This occurs because most financial institutions give current accounts a tolerance limit for overdrafts if this is caused by direct debits.
In addition, cardholders sometimes fail to notice that there are failures in checking their balance at the ATM or making payments, since the account-holding bank has set maximum amounts that can be withdrawn without checking, which is sufficient for most transactions. An instant loan without proof of wages is usually granted at the same time as a loan without bank statements, since the bank does not request any supporting documents for technical reasons.