Cash credits have become extremely rare. Nevertheless, there are still reasons why a loan amount has to be paid in cash. It will be difficult if the lending bank has its headquarters abroad. Nevertheless, this is not a hindrance. A cash advance from abroad is possible at any time under certain conditions.
What does cash advance mean?
Those who apply for a cash advance from abroad usually have problems with the Private credit, but foreign banks do not ask the Private credit. That is why a loan from abroad is the only option that people with a negative credit rating have. A cash payment occurs when the borrower does not want the loan amount to be credited to the account. Alternatively, the foreign banks pay the money through the postman.
Anyone who thinks of money laundering now will be instructed better. The problem is in most cases an overdrawn current account, which the bank may have already called for compensation. If the loan amount were now entered into the checking account, the account-holding bank would thereby balance the account. If the loan was not meant to balance the account, the borrower would not get the money.
A cash advance from abroad can also be required if the spouse is not supposed to know about the loan. Many spouses have a common checking account and unpleasant questions may arise if the loan amount is suddenly credited to the account.
How safe is a loan from abroad?
The Sigma Bank in Liechtenstein has a corresponding license to lend schaffafree loans to Germany. This can be requested either directly from the bank or through financial service providers. But you should be careful here. Unfortunately, there are some among them who are only out for the money of the people. As soon as advance payment in whatever form is estimated, one should make a large bow to these offers.
A request for a cash advance from abroad is basically free. Only after a successful conclusion of contract fees. Most intermediaries of these loans are reputable. But if you are unsure, you can apply for this loan directly online at the bank.
Which conditions must be met?
A permanent employment relationship for more than one year and a corresponding income are the basic conditions for a loan of this kind. In addition, the applicant must be of legal age and permanently reside in Germany. A bad Private credit does not matter. But if there are already attachments to the employer, this loan request is rejected.