How do I get a credit / credit card despite a negative GFI entry?

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What is financial standing in Germany is GFI in Austria. Many banks reject a loan application due to negative entries. The reason for such an entry can be, for example, an unpaid mobile phone bill. Here are two ways to get a loan.

Note: You will also find (prepaid) credit cards on our website despite the GFI entry.

Mini loan at Good Finance

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Good Finance gives you up to 1500 USD instant credit. In addition to inquiries to the GFI, other points are relevant here. In the end, it is relevant whether Good Finance trusts the borrower to repay the loan. The most important basis is a minimum income of 700 USD net per month. Co-criteria are the minimum age of 21 years and a permanent residence in Austria.

You can find details on Good Finance on our page on small loans.

Contact a credit broker

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But what are credit intermediaries?

Credit intermediaries have direct connections to banks, which means they can get special rates for their customers. Customers with a good credit rating often receive better interest than with a normal bank request. Customers with poor credit ratings, in turn, often get a loan through credit intermediaries even if this would not be possible with a normal request.

Credit intermediaries can often enable loans even if they are entered in the GFI (GFI = Credit Protection Association). Another advantage of credit intermediaries is the often quick payment of the loans due to online processing, which saves having to go to the bank.

Tip: If you have a good credit rating, take a look at our loan calculator

How do I recognize reputable credit intermediaries?

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Credit intermediaries can act as both a GmbH and a partnership. In both cases, you should look at the references and take a close look at the online presence and the behavior of the agent after contact.

Important indicators for serious partners are that

  • no costs for services will be charged before the loan is taken out
    • … which includes, for example, cash on delivery fees when sending documents,
  • the data transmission is secured (e.g. via SSL encryption)
    • … what can be recognized from the representation of the domain with “https”
  • the agent is easily reachable by phone and email and can be contacted free of charge.

Where can I find a loan broker?

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Many people do not get a loan (partly despite their excellent creditworthiness or high income). The reason here can be a failed start-up, a GFI entry or simply the choice of profession.

Vending machine operators, for example, find it difficult to obtain a loan. Many of those affected could get a loan. Since we do not have any contacts in Austria in this area, we cannot give you any information. As soon as we have found a partner, we will offer their service on our website.

Until then, unfortunately, we can only give you the previously mentioned alternative “Good Finance” for up to USD 1,500 credit.

Good Finance gives you up to 1500 USD instant credit. In addition to inquiries to the GFI, other points are relevant here. In the end, it is relevant whether Good Finance trusts the borrower to repay the loan. The most important basis is a minimum income of 700 USD net per month. Co-criteria are the minimum age of 21 years and a permanent residence in Austria.

You can find details on Good Finance on our page on small loans.

Why do banks rarely grant credit to customers with a GFI entry?

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Most banks no longer have regular, personal contact with their customers. While the local bank consultant knew everything about his customers 40 years ago and was, therefore, able to assess who will repay a loan, today a bank (or a provider in the area of ​​loans in general) has to resort to complex numbers to assess the risk of default.

This is where the GFI (Credit Protection Association) comes into play, whose job it is to protect lenders – such as a bank. Banks can use the GFI to check their customers’ creditworthiness and obtain information. Based on the data now available, the bank can decide whether it will pay out the money.

The borrower or his money is screened, so to speak, with the help of the GFI via a credit check. Anyone wishing to apply for a loan should be aware of this. If a rejection is to be expected, it is better to ask a credit broker than a bank and get information here.

How do I get an instant loan as soon as possible despite GFI?

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Send your credit intermediary all the relevant documents that are necessary for a loan application. These include:

  • Truthfully completed self-disclosure (see loan application form )
  • The last 2-3 salary statements of all earnings (main and part-time job and – if available – last pension notification of all pensions)
  • Account statements of the last 5 weeks without gaps from the salary/checking account
  • A perfect copy of the ID card (front and back), for all other passports, additional proof of residence
  • For existing loans, the loan agreements

After evaluating your documents, including a credit check, your agent can tell you whether an instant loan can be granted.

What is the GFI?

The creditworthiness of people and companies is one of the most important points when lending. The GFI exists in Austria for the purpose of credit information. It is comparable to the German financial standing (Protection Association for General Loan Protection).

n banks made a GFI inquiry in general at every loan request to see which loans of potential customers already run if these loans were paid off regularly and have been rejected in the past, whether loan applications due to poor credit rating. The aim of the GFI is to protect creditors – banks – from insolvent borrowers.

Tip: Here you will find our loan calculator (for borrowers with good credit ratings)

Free self-disclosure & other services

Since negative entries in the GFI stand in the way of granting a loan, there is the possibility to obtain a free self- assessment once a year in order to get an idea of ​​the status of your own credit rating. The GFI also offers other services for private individuals and companies :

  • Credit information about companies
  • Monitoring of credit development
  • Debt collection (collecting money)
  • marketing data
  • Bankruptcy representation for private and corporate customers
  • and much more

Credit request despite negative GFI entries

Good Finance also offers small loans for people with poor credit ratings. Here you will receive a maximum of 1500 USD for up to 60 days. On our portal, you will find the corresponding details on small loans with and without a GFI entry.


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