People who are unemployed for a long period of time have only the social benefits paid to them in terms of income. However, this does not constitute income in the sense of general credit conditions, which makes it very difficult for the unemployed to get help in the form of a loan in the event of financial problems. Especially since the monthly paid social allowance is often just enough for the maintenance of livelihood. A loan offer via the house bank falls directly away in this case.
- Borrowing despite unemployment
- As unemployed get a loan
- When is borrowing useful?
- Find the optimal offer
Borrowing despite unemployment
A number of credit providers on the Internet still offers appropriate financing offers that are suitable for the unemployed. Under the term credit for the unemployed , even people without a job can procure new liquid funds. Here, the loans can also be handled schufaneutral what just unemployed and their credit rating is not unimportant. You can find detailed information here .
As Unemployed get a Loan
Unlike in the case of the principal bank, where the customer’s solvency first and foremost counts, it is the case with an unemployment loan that the collateral must be provided in the form of guarantees, real estate or even by a co-applicant. The creditworthiness can therefore also be achieved by a co-applicant (spouse, relatives, etc.) has a sufficient income.
When is borrowing useful?
It is important for the unemployed borrower that you should not take a loan at all costs, even if you are currently in a financially volatile situation. Because a loan must be repaid in the long term, which means that the monthly installments must be made over this period and your own income must endure this burden permanently.
Find the optimal offer
Anyone who is sure that they want to apply for a loan despite being unemployed should first compare a few offers and then decide on the right offer with the optimal conditions.