Freelancers do not have to register a trade for their self-employed activity. Typical representatives of this professional group are lawyers, doctors and artists. As with traders, their income is subject to fluctuations, so that not all financial institutions accept them as credit customers.
Credit Bureau-free credit for the freelancer at German banks
If you have your own practice, you can take out an exclusively operational loan for freelancers without Credit Bureau at German financial institutions, since the inquiry about the economic power of the freelance activity replaces the conventional Credit Bureau inquiry. Appropriate information is provided by credit agencies specialized in freelancers and traders, the data records of which also contain information on personal economic circumstances.
If the borrowing serves private purposes, a loan for freelancers without Credit Bureau can be taken out by mortgaging their own claims from pension insurance or life insurance. However, the corresponding insurance contract must not be linked to state subsidies, since the loan leads to the reimbursement of the subsidies. Friends, relatives or, in individual cases, business partners can also grant a loan to freelancers without Credit Bureau, provided they have the necessary funds. Freelancers can also find their way to the pawnbroker if they have a sufficiently valuable deposit.
Credit Bureau-free credit for freelancers from Switzerland
With a few exceptions, Swiss financial institutions do not grant direct loans to freelancers without a Credit Bureau, but limit their customer base to employees. The few banks from Switzerland and Liechtenstein that also grant their Credit Bureau-free loans to freelance applicants require at least three years of independence. Additional options for obtaining the desired loan for freelancers without Credit Bureau from a Swiss financial institution are available when applying for a loan through an intermediary.
In this case, the limitation of the number of contractual partners of a federal bank does not apply absolutely, so that freelancers can also receive a Swiss loan. Reputable credit brokers can be recognized by the fact that they do not charge any upfront costs, but only a reasonable commission after the successful credit brokerage. There are no additional processing costs or a currency risk for Swiss loans for freelancers without Credit Bureau, as the payment, like the subsequent repayment, is made in dollars.