Here I write about why you should consider borrowing without UC. This may include private loans, but also fast loans, sms loans, bank loans or ordinary loans from various major banks.
What is a credit report?
A so-called credit report is “enlightenment” in the form of a document in either paper form or digital, which indicates whether the finances of an individual or organization are. There are various things, such as how high your credit rating is, what salary or turnover there is and whether you have debts or payment notes.
This is derived from various companies, where UC is the largest and most well-known. UC is an abbreviation for the “information center” and has a connection with several large authorities, banks and financial institutions. This may include private loans, but also fast loans, sms loans, bank loans or ordinary loans from various major banks.
Why borrow without UC?
There are a couple of reasons why loans with UC should be avoided. The main reason is that every information at UC is registered and lowers your (as borrower’s) creditworthiness. If you do UC information you risk getting harder with important loans such as mortgage loans and other things where you really need a high credit rating. This credit rating is formally called scoring and is a value in a range between 1-10 at UC.
The other reason is that you are not considered creditworthy at major banks, this is simply not seen by information agencies. They have their own system and in this way it becomes easier to be granted a loan if, for example, you would not be as creditworthy with eg. SEB. This has a downside, for those who are desperate for quick money for example, but it can also be an advantage if it is not abused.