Those who are unemployed and in financial difficulties usually do not get any money from their house bank or a conventional credit institution. The unemployment benefit that the unemployed receives on time every month from the Central Employment Agency does not count as relevant income for many lenders. However, many unemployed people can no longer cover many running costs due to the lack of income from a job, and there is also no money for new acquisitions.
Unemployed – no credit?
Loans for the unemployed can be found on the Internet quickly and tailored to the unemployed. A loan for unemployed people has all the advantages that a normal loan has. The monthly income from employment does not limit the loan commitment.
With the flexibility of a loan for the unemployed, the special situation of the borrower can be addressed. A loan approval contains a 100% loan approval and that without any upfront costs, an online check with an immediate approval, a discreet and anonymous processing, moderate terms and favorable conditions, as well as a mobile arrangement of the loan.
Loans to the unemployed at no extra cost from third parties
To get a financial cushion, there is also a loan that can be taken out through third parties (relatives, acquaintances who have creditworthiness). With this type of borrowing, one thinks of a relative or acquaintance who acts as a borrower and then passes the loan amount on to the unemployed. With this type of loan, both parties should set out written terms as in a loan agreement.
The applicant nevertheless takes a risk, because if the unemployed does not pay despite the written agreements, the borrower remains at the expense. So there should be a great relationship of trust. A solvent guarantor can also help with a loan for the unemployed. There are also portals on the Internet where loans are granted from private to private.
With existing collateral, banks signal goodwill
If the Central Employment Agency has other collateral in addition to the monthly income, the unemployed are considered creditworthy. The collateral can be shown in cash or in debt-free property. In this case, loans for the unemployed are considered positive without any upfront costs, because there are guarantees.
A bank will only lend a hand to these guarantees if the borrower is no longer able to pay the installments. This type of loan approval shows that an unemployed person is not alone when it comes to a loan approval. It has been shown that with such a background a loan can definitely be approved.
If the loan seeker has selected a provider or a credit broker on the Internet, he should make sure that no costs are charged before a loan approval. It is not lawful for a credit broker to credit his commission before making a loan request. Loans for the unemployed can only be accepted at no cost once the loan has been approved.