Borrowing money without broker is difficult, but not impossible.
There are a number of lenders who provide loans without broker verification.
In that case, the amounts involved are relatively small, up to a maximum of 1,500 euros. Borrowing a higher amount, such as 5000 euros, is only possible with a broker check.
Unless you are going to take out a loan through a private lender. Banks or other specialized lenders will not provide a loan without broker. And they will not provide a loan if you have a negative broker registration.
It is also practically impossible for entrepreneurs to take out a loan if your company has a negative credit rating.
The benefits of borrowing money without broker registration
Unfortunately, it often happens that unexpected costs or expenses come at a time when this is just as bad. You have not taken it into account and therefore the money is not available. There are many different situations that this can happen. A repair to your car that is unexpectedly high, devices in the house that happen to be all broken at the same time and so on.
If you bring your car for an MOT inspection and there are unexpectedly a number of defects, then a bill of 800 euros, for example, is something you just lost. And of course you hadn’t expected that. But you can’t live without your car, so you immediately need a solution. Borrowing money without a broker can then offer a solution.
Apply for a loan directly online
What now? How are you going to pay the bill? And in that case you will of course also discover that you are in possession of a negative broker registration. You cannot go to a bank for a small loan. In that case there are fortunately online providers of a so-called mini loan or flash credit where you can go. You can take out a loan here without a broker review taking place.
Specialists in the field of mini loans
The companies that offer a loan without checking your history at the broker obviously know what they are doing. They do not use the broker, but they make their own assessment before they provide a credit. Thanks to their many years of expertise and experience, they know exactly what they should pay attention to.
Do you not have a negative broker registration?
Then it is wise to use another loan. This is because the interest for a mini credit is quite high. It is true that taking out another loan takes more time. You must therefore be in the situation that you can wait for this. A loan that you could think of, for example, is a revolving credit.
How can you take out a loan without a broker?
The process of applying for and concluding for borrowing money without broker is quick and easy. You must complete the following steps on the website of the provider:
- Make your choice of the amount you want to borrow and for how long you want to take out the loan.
- You then have to upload a copy of a passport, driver’s license or ID card.
- Enter the personal details as shown on the website.
- Perform the account verification. A payment of € 0.01 is hereby made, so that it can be established that it actually concerns your bank account.
- Make a choice regarding the guarantee. This can be someone you supply yourself, or can be requested through the lender.
- Confirm and send your request.
You will then receive an answer to your request within a maximum of 24 hours. Borrowing money without broker is that simple and fast.
Other options for borrowing
If you still want to apply for another loan, but you have a negative broker registration, you can also try to have this broker registration removed. There are companies that specialize in this.
You get no guarantee that the broker registration will actually be deleted. This depends on your personal situation. It is true that the success rate is quite high at these companies. To increase the chance of success, it is wise to make an assessment of the situation in advance. This way you know in advance how great the chance of success is in order to actually remove the negative broker registration. For this you need to provide information and documents in order to be able to perform an assessment.
Reliable comparison of a loan without broker
Nowadays you can compare almost everything online. This also applies to loans without broker registration. With a comparison, it is always important that this is done independently. And this is the case with Flash Credit Providers.
Due to the independent information on our website you can make the best choice for you. The information on our website only concerns providers on the Dutch market. And everything is 100% independent. You can then quickly and easily take out the loan of your choice on the provider’s website. However, it always remains your choice and remember, borrowing money costs money.
Is the broker only important when applying for a loan?
No. The broker check is very important, but your personal situation is also looked into. The following items are viewed there as standard:
- Your income. And in addition to the level of income, you also have a permanent employment contract.
- Other financial obligations. For example, alimony, which is not included in the broker system, but can still have a major impact
- Living situation. Many lenders like it when you own a home. And preferably with a mortgage that is lower than the value of the home.
The higher the loan, the more extensive and strict the acceptance process will be. This is because the risk for the lender then becomes higher.
This acceptance process is also called the duty of care of a lender. They must ensure that you do not enter into financial obligations that you cannot afford.
I have a negative broker registration, can I still borrow money?
You can take out a loan, but the options are limited. You incur a negative broker registration because you have incurred payment arrears with a previous loan. A negative broker registration is also called a negative broker coding.
Can I get rid of my negative broker registration?
If you believe that your information at the broker is incorrect or incorrect, you have the option of challenging it. However, this is not that simple.
To prevent that anyone can have their negative broker registration removed just like that, this makes sense.
Everyone makes mistakes and that can also happen with the broker. If an error has crept into your data, it is wise to approach the lender who has passed on this data. You can ask them to report the error to the broker and adjust it.
If this does not work, then there is also the option of engaging the disputes committee. With this information you can force the registration to be adjusted with this information.
The disputes committee makes a binding decision. If this is to your advantage, then there is the obligation that your data will be adjusted. However, if the verdict is to your disadvantage, you cannot do anything else about it.
You must therefore have valid arguments to have your negative broker registration removed.
What does a broker registration actually mean?
All loans in the Netherlands are determined by the broker (Credit Registration Office). All loans that you have taken out are registered here. This register is used in 2 ways:
- An overview of the total number of outstanding loans, so that it can be assessed whether the total loan amount does not become too high.
- Payment arrears. If you unexpectedly have fallen behind in paying back a loan, this will be entered in the register.
Do you know what your broker coding is?
Most people are not aware of this. Do you want to take out a loan but first want to know your broker situation. Or are you just curious? As a private individual you can request your status report for free at the broker foundation once a year.
Is a broker registration always a problem?
All loans and credits that you have taken out are registered. When people hear the word broker registration, a problem is immediately thought of. However, this is wrong.
Almost half of the Dutch population has taken out a loan or credit. These people are therefore all registered with the broker. As long as you meet your obligations neatly and do not take out too many loans, there is no problem whatsoever.
A broker registration only becomes problematic if you have been in arrears with paying back. Or if you have taken out too many loans.
In addition, the broker provides a good insight into a person’s ability to meet the obligations of a loan. This gives a certain amount of extra security to a lender. The Netherlands is one of the few countries that has such a register called it. As a result, the interest that you have to pay in the Netherlands is also relatively low. This is partly due to the broker and the transparency that comes with it.
I want to request my broker status, is that possible?
That is certainly possible and you can even do this completely free of charge. Provided it is not more than once a year.
One possibility is to do this through your bank. Your bank has access to your broker data and can therefore request it for you. Most banks have a special form for this, which is usually called “application form broker registration”. The bank usually charges costs because it is a service for which they must perform work
Request directly from the broker
That is also possible. You must then go to the broker office in person. This is because you are required to identify yourself. It is of course not intended that you request the broker data from someone else. You can make an appointment by telephone and appear at the agreed time at the broker office. You can find all the information about this on the broker website.
Is it wise to apply for a loan with a negative broker registration?
It is always wise to ask yourself this question. You must pay off the loan on time to avoid further problems. I personally believe that the reason for which you are going to borrow money without broker is important. Is the loan really necessary, or can you postpone the purchase and first save the amount together.
How long have I been bothered by my negative broker registration?
Pretty long. First you must have met your obligations. And then this data will remain in the register for another 5 years. It is therefore not the case that once you have fulfilled your obligations, you will immediately be rid of the negative broker registration. Unfortunately, quite some time is spent on this.
Don’t take this too long and try to meet your obligations at all times. If you do not do this, you may suffer from it for years. Borrowing money without broker is then your only remaining option.