Loan – The Reputable Credit Broker?
Good Credit is a credit intermediary that has been providing bank financing to consumers for more than 40 years. Master Media Group AG, based in Steckborn, Switzerland, is behind the Good Credit brand. In this test, you will find out how good and serious the offer really is and which advantages and disadvantages have to be considered.
What exactly does receipt credit do?
As a credit intermediary, Good Credit’s task is to provide interested consumers with the cheapest possible financing. To this end, Good Credit works with around 20 banks.
If a credit request is made, the company uses personal information (income, creditworthiness, profession, etc.) to research which bank is granting a loan and on what terms. Consumers often receive the first offers within 24 hours, but at the latest after 2-3 days.
Since Good Credit only earns money if you actually get a loan, the company always tries to provide inexpensive financing. The company receives a commission from the bank for the placement, the offer is free of charge at any time.
Credit from 4.90% APR
Financing up to USD 100,000 is available from Good Credit. The broker thus offers a higher sum than many direct banks, where 50,000 or 75,000 dollars are often the maximum loan amount. Good Finance is also offered, from an amount of at least 200 dollars.
Good Credit negotiates with various banks in Germany and abroad for a specific loan offer. With over 40 years of experience, the credit intermediary can also help in difficult situations and poor creditworthiness. How high the loan interest is and whether a suitable offer can be made at all depends on your personal credit rating.
In the best case, financing is possible at an effective annual interest rate of 4.90% (representative example). This interest rate tends to be available for people with good credit ratings, on average 6-9 percent is calculated. As a rule, the motto applies, the longer the term, the lower the interest, as also the following example.
The table shows an example of what interest rates and monthly installments can be expected on a loan of over 3,000 dollars. The longer the term, the lower the monthly charge.
The thing with the Credit Checker
For many consumers, Good Credit credit is synonymous with a “loan without Credit Checker”. In fact, there are two different offers to choose from. A regular loan with the usual Credit Checker queries (neutral). Upon request, Good Credit also endeavors to provide an instant loan, in which no queries and entries are made via Credit Checker. In this case, the cash will be sent by post, so there is no danger to existing Good Finance.
Note: For a large part of the Good Finance brokered, Good Credit uses Credit Checker information. Even if the house bank has refused financing due to a Credit Checker characteristic, receipt credit can often achieve very good results. The interest on these offers is significantly lower than on the variants without Credit Checker, and Good Credit-loan only tries to arrange Credit Checker-free financing when the first case is hopeless.
Step-by-step: This is how receipt credit works
- You fill out the free loan application. Since Good Credit does not have its own branches, you can only do this online here on the website. Filling out takes about 2 minutes and is only for the non-binding offer.
- On the basis of your information, Good Credit contacts various banks and negotiates the most favorable conditions for you.
- You will receive an offer by post or email within a maximum of 2-3 days. Inquiries are often answered within 24 hours. In the offer you will find information about the monthly rate, the term and the interest accruing. Check the offer in peace.
- If you are satisfied with the offer, send it signed to Good Credit. After a final check, the money will be transferred to your account promptly or sent to Good Finance without Credit Checker by post. If you do not want to accept the offer, you do not have to do anything – there are no costs!
Conclusion: Serious provider with a lot of experience
With over 40 years of experience, Good Credit is considered an old hand in the credit business. Customers with less than perfect credit ratings especially appreciate the service provided by the agent. The conditions are good and in the ideal case, financing of 4.90% (eff. Pa) can be negotiated.
Experience reports show that voucher credit is strongly committed to interested parties and customers and that even in difficult cases, efforts are made to arrange a loan. Inquiries are made free of charge and without obligation, as is the case for a reputable provider. Overall, Good Credit can convince the editors of Good Finance.