Maxda is your specialist for loans without a Schufa entry
This cannot be true. "I am not creditworthy." Have you heard that sentence from your local bank? Especially now, when you urgently need a loan because your car suddenly and without warning broke down? Or did your daughter joyfully tell you she wants to get married this year? In a noble setting? Everyone should be there, the whole extended family, sharing this wonderfully unique event with her and you. And now?
You sit in your bank as a loyal customer of many years and sweat pours down your brow. Once you didn’t pay a bill in the past and suddenly a boulder is put in your way. An entry in the Schufa that immediately worsened your scoring value. But you really don’t want to disappoint your daughter. Life without a car just doesn’t work. And the person opposite you says coolly and casually: "We unfortunately cannot help you with that."
We can. We do. And we want to.
If you are wondering how a loan without Schufa can help you here, just ask us.
Make your daughter’s dream come true. Do you see her happily beaming smile? Buy a new car, get your child safely to school. Settle an existing loan with us, restructure your debt. No matter what you use the credit amount from the Maxda loan without Schufa for, this instant loan does not worsen your existing Schufa rating.
What does a loan without Schufa mean?
You know how it is. Prejudices form quickly and stick stubbornly. "A loan without Schufa only comes from usurers. With high interest rates. From loan sharks. They only want one thing — your money. No matter what. Keep your hands off it."
Don't worry, the world moves on. A loan without Schufa is by no means shady. On the contrary. We take you as a borrower and your individual situation seriously. We do, in fact, check carefully whether you can repay the loan. We check quickly and discreetly. We also obtain information about you from Schufa. But not only that. We address you, your circumstances and your conditions personally.
How so? You might ask, I thought there was a loan without Schufa involvement? Not entirely. "Loan without Schufa" means you receive a loan from us that is not recorded with Schufa. Negative entries at Schufa arise very quickly. Did you overdraw your checking account? Miss a mobile phone bill and not pay it? Bam. It can happen. These negative entries, however, are deleted after a certain time and your Schufa scoring value recovers. If, for example, you plan to build a house and need a larger loan, a Schufa report is usually requested for that. With a loan without Schufa you therefore relieve your Schufa account.
What exactly is the Schufa?
What exactly does Schufa do?
Why is Schufa needed at all? And why is it allowed to collect so much information about me? Do they sell my data? What does Schufa know about me? How long are the records stored there? We have data protection, after all! A thousand questions are buzzing around in your head? Do you feel trapped in the (data)net? Like a spider sits in it and suddenly snaps? Messing up your purchase? Your plans?
Even if it may seem that way, Schufa is not your enemy. It even helps you. It helps you and those who rely on the fact that you can pay something.
Schufa stands for Schutzgemeinschaft für allgemeine Kreditsicherung. This institution is not government-run, as often assumed. It is a private credit agency that collects and stores data about private individuals and companies. Data about payment behavior. The information collected is evaluated using a specific system and then passed on to credit institutions when they want to know whether you are able to repay requested loans.
Schufa receives information, for example, when you open an account at a bank. Have you ever ordered something and agreed to installment payments? Bought a mobile phone and signed a contract? That is also listed in your Schufa entry. Likewise, details from electricity providers, online retailers, telecommunications companies and insurers.
Around 9,000 contractual partners supply data to Schufa. By the way, you must always give prior consent to this data transfer and storage. Information is not simply collected and passed on behind your back. Often you cannot avoid signing the consent form, however.
Which data does Schufa collect?
Do you feel watched? Do you think a Schufa entry has made you "transparent"? Do you feel uneasy? Is Schufa omniscient? Don’t worry. Schufa does not know what profession you do and how much you earn. Or earned. Schufa also does not know your religious or political beliefs. Which clubs you are a member of is and remains your business. Whether you are married, separated, divorced, single, a single parent with one child, father of five children — Schufa has no business with that.
You probably won't receive a bouquet on your birthday, but Schufa knows your birthday. And in addition to your place of birth, your name and your address, it also knows where you lived before.
Contract partners provide Schufa with information about bank accounts, credit cards, leasing contracts, installment payments, loans and guarantees, contracts and accounts in mail-order businesses and telecommunications. The information in these areas is transmitted automatically. That means if you open a new checking account, Schufa learns about it and records when and where.
Sometimes things happen faster than you think. Separation, divorce, suddenly finances are tight. Only personal bankruptcy can help out of the mess. Such a thing does not remain secret; on the contrary, it becomes public. In addition to the information that Schufa receives automatically from its contractual partners, the agency collects and processes information from public sources. You therefore also receive a negative Schufa entry if you are listed in a court debtor directory or have given an affidavit of means.
Why does Schufa help me?
Schufa determines your ability to pay from the collected data. Companies that enter into a contract with you involving installment payments want to know how matters stand. They ask Schufa. By the way, tax authorities, police and enforcement officers also ask. Have you always repaid your loans reliably? Paid your electricity bills? Always transferred your leasing installments on time? Great! Then your score value is top and you are a preferred borrower. Or do you know the other situation? Due to a special situation like moving house or personal problems such as a separation, you once overlooked a bill? You meant to pay the reminder immediately but somehow forgot? This, too, goes into the Schufa list and changes your score. Your "score" is your "score" at Schufa. This value is passed on by Schufa to companies. It indicates how likely it is that you will repay a loan on time.
What exactly is the score value?
How does the score value work?
It’s quite simple: the higher your score value, the better your creditworthiness. In other words, the easier it is for you to get an instant loan approved. This value is made up of all entries at Schufa as well as general statistical surveys and empirical values. The scoring procedure is intended to enable a reliable forecast of the future based on commonly collected past experiences. How exactly the score is calculated is not revealed by Schufa.
That’s good for credit intermediaries, banks and lenders. They are to be protected from the risk that you might not be able to repay the loan in the worst case.
That’s bad for you as a borrower. Because Schufa does not only evaluate your personal data, it also calculates general data — sector-specific. It may therefore be that you receive a different score for a car financing enquiry than for building a house.
However, Schufa only supplies the information. It is not the body that approves or rejects your loan. Did you think that? That’s incorrect. Based on the Schufa report, banks, lenders and intermediaries decide on the amount and disbursement of your loan.
When is an entry made at Schufa?
Have you received a first reminder threatening an entry in Schufa?
Collection agencies and some mobile phone companies can be pretty pushy in their approach.
Don’t let them unsettle you!
If you pay your invoice within the payment period, Schufa does not learn about it. This also applies if the amount is still outstanding after the first reminder. Have you not paid after the second written reminder? That leads to an entry — provided there are at least four weeks between the first and second reminder letters. However, the notification to Schufa may only be made if you were informed about it in one of the two reminders.
Do you believe the invoice is not legitimate and have lodged an objection? Good! In that case an entry is not possible either.
Be careful with statements!
Did you admit you overlooked the invoice and assured that you would pay it shortly or by a specified date? Did you agree on installment payments? If you then still do not pay, Schufa is notified.
The same applies if your contract was terminated without notice because you could not pay. You must be informed about the consequences in advance here as well. Have you received a court payment order? As soon as the claimant involves a court, that results in a negative Schufa entry.
What influences your Schufa score value?
So. There it is. Your Schufa score value. And you just shake your head? How did it come about that the value is much lower than you thought? Do two late payments make that much difference? Don’t worry. Not every small reminder drags your value down. Did you lease a car? Great. The existence of leasing contracts, loans and checking accounts shows that banks trust you. If the bank has terminated your loan or initiated dunning procedures, however, that is negative for your score.
Sometimes life takes a wrong turn. Know the feeling? You didn’t pay attention, missed a bill and eventually a writ of execution arrives in the mailbox. If these become final, they affect your future creditworthiness as a borrower. Entries in public debtor directories and a personal insolvency also lower the Schufa score. In addition, information that initially has nothing to do with your creditworthiness is used in the scoring calculation. It seems so. How often have you moved? That affects the calculation negatively. Schufa denies that it matters whether you live in a "good" or "bad" area. In individual cases, if the credit agency has no further information about you, this is checked on request.
Did you just want to gather information and made credit inquiries at several institutions? Very bad! Each individual inquiry is stored at Schufa and reduces your score. Our tip: ask about the loan terms. These purely informational enquiries do not affect your creditworthiness.
By the way: of all described entries — only about ten percent of Schufa entries are negative, more than 90% are positive.
How does Schufa help you now?
Schufa keeps track for you. It stops you before you slide into over-indebtedness with a new loan. Those who have a lot to pay sometimes lose a clear view of things or overestimate themselves. "I can manage that." Haven’t you thought that before and then something didn’t work out? For banks and lenders only one thing counts: facts. They calculate whether, based on your income and previous payment obligations, you can repay a loan.
What is a Schufa inquiry for?
Why do banks even conduct a Schufa inquiry?
Have you ever lent your car to a friend? Admittedly, you were a bit relieved when the vehicle was returned to you intact, without scratches or dents. Right? Banks and lenders feel the same way. They want to be sure that the lent money will come back.
Banks are also legally obliged to check whether you can and want to repay a loan. The advantage with lending your car: you know the person you have given it to for a certain time. You know that person can drive and often how they drive — calmly, safely. Such information is missing for the bank. They don't know who you are or how you have handled money in the past.
Before you sign a contract where you pay monthly, like a mobile contract or a loan agreement, your creditworthiness and ability to pay are checked. That is almost always obligatory.
A Schufa report is one way to get an impression of your creditworthiness. One way. Don’t worry. Reputable providers will always obtain additional information. They also want to know what you regularly earn and receive as income, as well as how high your expenses are.
Criticism of Schufa?
You applied for an instant loan at your bank and it was rejected? Ask for the reasons. Incorrect Schufa entries are not uncommon. The basis for the bank's decision to grant you a loan may therefore be wrong. The way Schufa operates is increasingly being viewed critically — not only by consumer protection groups, lawyers and data protection advocates. How the individual score is composed and how it is determined remains Schufa’s secret. Whether the data that Schufa receives from contractual partners about you is correct is not checked. Only when you point out incorrect entries does Schufa inquire and correct them.
How creditworthy am I?
Did you know that you can find out once a year for free what Schufa has stored about you? This is legally required. Use it! Clarify inconsistencies and have them corrected. Now! Why now? If you want to apply for a loan, time is precious and should not be wasted unnecessarily. Don’t grow gray hairs because the review of your loan application takes unnecessarily long. And use the knowledge of your score value in the conversation about the requested loan.
What then happens to Schufa entries?
Can my Schufa entries be deleted?
Made a mistake once and pay for it for the rest of your life. Do you feel that way right now? Don’t worry! It’s not that bad. Your Schufa score value changes continuously. When new data is stored, a new calculation is made. If Schufa’s calculation models no longer provide reliable forecasts, they are revised. Then Schufa recalculates your value. When old data are deleted, an adjustment also takes place.
When are entries deleted? Can I influence it? Speed it up? Which data may be stored and for how long is regulated by law. Credit enquiries remain on record for one year. Have you repaid your loan? Great! This entry is deleted three years later. This also applies to your customer account data at online and mail-order retailers, your data from debtor registers, and information if you ended up in dunning proceedings or did not settle claims. Did you name a guarantor to obtain a loan? Once that loan is repaid, the entry about it is deleted. Has your checking account been closed? Has your credit card been returned? This information is updated at Schufa immediately.
Should be. Sometimes old entries are overlooked and not deleted. Or there is information listed that is incorrect. Check your history and your data at Schufa. Have your data corrected, deleted or blocked. Can that be done? you ask? Yes! It can. Correct entries, however, cannot be removed before the statutory time limits expire.
Why a loan without Schufa at all?
Know that feeling? Murphy’s Law usually strikes when you really don’t need it. Things tend to break multiple times, often right one after the other. First the washing machine, then the refrigerator and suddenly the TV shows only a pink screen instead of colorful images. The car repair is much more expensive than expected. And then your daughter wants to get married. Too much at once. Or can you take out another, more expensive loan to repay it? Do you want to restructure debt?
There are three reasons why a loan without a Schufa entry is necessary:
- You do not receive a loan from your local bank due to an already existing negative score value.
- A smaller loan amount should not affect your score value because you plan to apply for a larger loan in the foreseeable future.
- You are self-employed or work as a freelancer. Even if your creditworthiness is excellent, the local bank often balks when you apply for a loan. The risk that you suddenly cannot pay anymore is too high for the bank.
How do I get a loan without Schufa?
"Keep your hands off it!", "Those are loan sharks", "They only want your money but won't help you." Have you had these or similar warnings from friends slapped in your face like a splash of cold water? Yes, be skeptical. Review several offers. Do not decide under pressure and at short notice. Even if things are tight: take your time. Use comparison portals, read reviews and recommendations. That way you can form your own impression of different providers and intermediaries for loans without Schufa.
Inform yourself about the respective requirements. If you meet them, in most cases you can submit your loan application online. Relax. Are you worried? "What if I make a mistake? Enter something wrong?" Don't worry.
The process is very easy:
You enter your personal data as the borrower, state the amount of loan you need and your desired loan term. Add contact details and your current residence. Then state your profession, where and since when. How high is your monthly income? Lenders and intermediaries also want this information and details about your spouse. Send off the information and after a few days the intermediary will contact you. We do that. And we also offer you a free consultation. Together we find the best solution for you. You will then receive the loan application from us by email and by post. Fill it out, sign it, add a copy of your latest payslip and send everything back to us. It’s that simple. If the documents and your information are checked and the application is approved, we will promptly arrange the disbursement and you will receive your loan.
Why a loan without Schufa from Maxda?
Which loan without Schufa is reputable?
We want you to feel secure. That only works if we are secure as well. We will not promise you the world or stunningly low interest rates. We do not hide our costs.
• Yes, we charge a brokerage fee. It applies when you conclude a contract with us. Only then!
• Are you asked to pay something upfront just to receive an offer? Walk away. If the provider also wants to charge cash-on-delivery for the shipping of documents, that’s a clear sign of an unscrupulous offer.
• Excessive hotline costs for phone advice? Our hotline is reachable via a standard local phone number.
• "Wow! Only 2% interest. That’s exactly what I was looking for." Be cautious with very low interest offers! Admittedly, such offers sound tempting and are exactly what you need right now. Often, however, the seemingly cheap instant loan offer turns out to be an expensive affair. Unscrupulous providers often hide consulting and administration fees behind low interest rates and omit mentioning the effective annual rate. Only this rate shows you the total cost of the loan per year in percent.
• Be careful if the opposite is true as well: very high interest rates are a sign that the provider wants to protect itself against your potential inability to pay.
• Only the loan — pure and simple: with us a loan without Schufa is not necessarily linked to the sale of insurance contracts. If such a product is pushed onto you unconditionally in addition, be alert.
Safety first
Don't be swayed by nicely packaged offers and glossy promises. This applies especially if you are pressured that the offer is only valid if you decide immediately. In the end you are more likely to receive an invoice than a loan. And if you don't pay, a collection service will be involved quickly. The bill skyrockets. So be cautious with such dubious offers.
Rest assured: we always present the conditions of our Maxda loan without Schufa openly — transparent and comprehensible.
Loan without Schufa from Maxda
"You can certainly get a loan without Schufa from us. You will understand that we charge higher interest for this because we are taking on a higher risk." Have you received such an offer? Hands off! Even for a loan, interest rates fall within a certain range similar to loans with Schufa entries. We broker an instant loan for you with the lowest possible interest rates tailored to you. This interest rate does not change during the term. Maxda loans are available from an effective annual interest rate of 3.99%. The individual rate depends on our assessment of how solvent and willing to pay you are.
Do you break out in a sweat when you think about how long it takes to get a loan approved? Your car has a gearbox failure, nothing works and you need a new vehicle as quickly as possible? Now? Immediately? Because you live in a rural area and must take your child to a distant school? Because you have to drive your mother-in-law to frequent doctor appointments? Don’t wait long; we will help you quickly. A few days after reviewing whether the loan you applied for can be granted, you will know if it works. And if it’s really urgent — contact us! We will find a solution.
Your satisfaction is our capital. Bound by repayments until the end of the term? Not with us. You are not stuck with agreed interest terms and payments. Fee-free variable special payments are of course possible. Are you on sick leave longer than expected and temporarily receive less money? Talk to us. Together we will find a way; temporary suspension of installment payments is conceivable.
Can I also get a loan without Schufa?
What requirements must I meet for a loan without Schufa?
Anyone who wants to apply for a loan must be of legal age. Basic requirement for borrowers. As a rule, you should also reside in Germany, i.e. be registered here with your main residence. Do you have a checking account? Great. Next requirement met. The checking account is necessary so that we can transfer the loan amount to you if the loan is approved. Your repayments will also be debited from this account. Those are the general requirements for a loan. Some providers or intermediaries also want to be sure that you are largely healthy and can fully repay your installments. It may therefore be necessary to prove that you are not severely ill.
Have you been employed for at least one year as a salaried employee, worker or civil servant? Is your regular monthly income at least 1,520 euros? Are you between 30 and 65 years old? Then you meet the additional requirements to apply for a loan without Schufa at Maxda. Do you earn less or are you younger than 30 or older than 65? If there is someone who can guarantee for you, a loan without Schufa is quite conceivable. We review each application individually and find a solution with you.
You trust us, we trust you. Nevertheless, we are obliged to verify your information. False information will not get you the result you want.
Which documents do I need?
To apply for a loan without Schufa you do not need much. Make a copy of your latest payslip. It must be legible. Attach this to the loan application.
It is useful to have an overview of your monthly fixed costs ready. Think in advance and list what you pay monthly for rent, electricity, gas, insurance and other payment obligations such as maintenance payments. However, this is not always required.
How does a loan without Schufa work?
Where does the money come from?
We are open and honest about this: from abroad. Typically. The loan without Schufa is also known as a "Swiss loan." In Switzerland there is no institution like Schufa. German banks do not grant loans without taking into account information from Schufa and other credit agencies. For your loan without Schufa we work with foreign banks. These are usually based in Switzerland and Liechtenstein. Even if they forgo insight into the Schufa file, they still check your creditworthiness.
How much loan can I get without Schufa?
We also protect ourselves and limit our risk. We check your conditions and rely on the fact that you can pay the installments on time until the end of the agreed loan term. Sometimes life plays a trick on you. Imagine: your company suddenly goes bankrupt. Your job is gone. Or you fall ill. Not severely, but your doctor suspects a longer-term issue. Then you are unable to work and regular payments must be suspended. Yes, these are worst-case scenarios and we sincerely hope none of that happens to you. We still have to consider it. Therefore we limit the amount of our loan without Schufa to a maximum of 7,500 euros. For this we also waive certain securities. You do not have to assign a life insurance policy to the lender or hand over a vehicle registration document. What you use the money for is entirely your business. You receive the agreed loan amount from us. We don't want to know what it's for.
How is repayment made?
How do you want to pay? As a rule we agree a monthly amount that is debited from your account. This amount remains the same for the agreed repayment period. How long? You propose a term and we check whether it fits the loan amount and your repayment capabilities. The amount of the installment consists of the repayment portion and the due interest payments.
Did you inherit and want to repay your loan with it? Immediately? No problem! Special payments are of course possible. The same applies to early repayment. Just talk to us.
When will I receive the loan approval?
You need the loan quickly. We process your request fast. We promise to review your documents promptly. If they are complete, legible and the online form has been filled out correctly, we generally need 2–4 days to review your loan application. We will send you the offer before we forward your loan application to the lender. The faster you review it and send it back to us, the faster the disbursement and the sooner you will receive your money.
How do I apply for a loan without Schufa?
How do you get the Maxda loan without Schufa? Simply click the online form, fill it out and submit it to us with a click. We then check with our domestic and foreign banking partners which is the most favorable offer for you as a borrower. Next step? We send you this offer and you check whether it suits you.