Is there a credit without proof of income? Above all, young self-employed people often have the problem that they can not provide proof of income – since there are no relevant data and figures after the first months, the banks often reject the loan applications of the self-employed.
But even persons who are not self-employed, can not always provide a proof of income. If the potential borrower incurs no or only an irregular income, the bank will reject the loan application. One possibility is lending despite credit bureau.
Above all, persons who have no permanent employment and live from Credither, are mainly interested in banks that do not seek credit bureau information. But how recommendable is the so-called instant loan for the unemployed actually? Are the dangers of such funding underestimated or is the non-scholarly loan a real alternative for those unable to provide proof of income?
In the following text, there are three sections that deal with the risks that need to be taken into account when lending without proof of income. At the beginning, everything revolves around the subject of security, in the further course to the conditions, so that the Credither receiver receives a loan and in the last section around the instant loan for the unemployed.
Credit despite missing proof of income
At the present time, it is sometimes no longer a problem if the consumer wants to take out a loan – even if the house bank has rejected the loan application. There are several alternatives available to today’s consumers: credit intermediaries, foreign banks or loans from private individuals offered through so-called credit portals.
Of course it is an advantage if several alternatives are available, but there are a few disadvantages that should not be ignored. Because only because there are several options, that does not mean that they can all be recommended.
Especially when the term “instant loan without proof of income” is mentioned, the potential borrower must reckon with the fact that there are more after-effects than actual benefits.
How useful is a Kedit without proof of income?
If the loan is given without a proof of income, the lender assumes that the claimant has little or no regular income. Finally, a claimant who receives a monthly income would probably not contact a provider who does not require a proof of income.
The regular income is the basic requirement for a positive completion of the loan application. The Bank wants to be sure that the sum made available to the applicant can also be redeemed. An eradication is not possible if there is no regular income.
The applicant must therefore answer in advance the question of whether he should decide on another financial hurdle, even though he does not receive a regular income. If the applicant were to receive a regular income, he would not have to apply for a loan without proof of income. But why do providers take such a high risk and provide loans without proof of income?
The conditions at a glance
If the consumer chooses a loan without proof of income, he can not prove to the bank in advance that he can also serve the monthly installments. So the bank is taking a much higher risk. This risk will also be charged to the loan applicant at the end:
The borrower receives worse conditions and has to accept a rather high interest rate – in addition, only short maturities are provided, so sometimes quite high monthly rates must be served. Further collateral, such as the cession of receivables or guarantees, is therefore almost always required if a loan without proof of income is to be taken out.
A loan without proof of income is definitely not a recommended alternative to the traditional house bank loan. If the creditor does not have sufficient income, the financial situation would only worsen if he decided to finance it. As a result, over-indebtedness threatens; In the end, the borrower only has private bankruptcy.
Furthermore, the conditions are also extremely bad. A much better alternative is the so-called credit bureau-free loan. If there is a negative credit bureau entry, that does not mean that the loan applicant has financial problems that mean he can not pay the monthly loan installments.
Is there a loan despite Credither reference?
Credither recipients (ie those who receive so-called unemployment benefit 2) long for financial freedom. But those who have no work and are thus supported by the state must be aware that financial freedom can not be achieved so quickly.
As a rule, the Credither recipient receives no credit. This is also due to the negative credit bureau entry, which is a reason for many banks to reject the application. Other aspects no longer matter – if there is a negative entry, no credit is granted.
Furthermore, the potential borrower must also receive a regular income in order to receive financing. Only if there is a regular income, the monthly installments can be paid.
Why are you promoting Credither loans?
There are certainly advertisements that have taken up the topic and convey that even Credither recipients can get a loan. But the Credither receiver has to ask himself the question, which disadvantages he has to accept, if he accepts such an offer.
In almost all cases, there is a very high interest rate, so that the loan can hardly be repaid. In the end, there is another financial burden that the borrower can hardly handle – it threatens a serious deterioration of the financial situation.
Even if the consumer decides to make a Swiss loan, he must have a regular income – he must be able to prove the income subsequently. The Credither beneficiary can therefore not claim a Swiss loan.
Speculated the Credither recipient with the Swiss loan, so he will have to establish relatively quickly that he will not receive this.
All possibilities that lead to the result that the loan will be granted even if the applicant gets Credither naturally also have disadvantages that should not be underestimated. Above all, the loan applicant should ask himself how he services the monthly installments so that he can repay the loan.
Loans that are made available only for Credither recipients are not a recommended alternative. It would be important if the Credither status is terminated, so that an improvement in the financial environment arises.
The loan for the unemployed
Only a few days ago, everything was fine, but suddenly the boss says that several employees will be terminated. The sudden job loss that hits many workers unexpectedly can of course be the beginning of financial problems.
Investments and purchases, which are sometimes quite expensive, must be deferred; the monthly costs, which so far have been easily paid for, represent an ever-increasing challenge.
Of course you want to find a job again. In order to better overcome the unemployment phase, many unemployed people are opting for funding. But rarely does such funding lead to financial relief.
In general, instant loans can be divided into two types of providers: There is the conservative lender, who respects recognizable collateral and agrees only if he is convinced that the borrower can service the monthly installments and the financial provider, even one credit bureau- and credit check waived.
While an unemployed person will probably not get a respectable loan from a conservative lender, he will probably get financing from the financial provider – including unattractive conditions (high interest rate).
The effective annual interest rate is well above the 10 percent mark. The repayment portion is relatively small, the interest portion for it all higher. Unemployed people will hardly be able to cope with this financing.
What must unemployed people take into account?
But that does not mean that the unemployed person should not take any funding if they want to overcome the difficult phase. If the job seeker has a new job in view and needs the credit only, so that in the next few weeks, no new debt, so he can definitely opt for a financing.
Sometimes there are also loans for unemployed with a guarantor. The guarantor is subsequently liable for payment defaults. It is important that the unemployed person deals with the advantages and disadvantages in advance and also answers the question of when he will probably have a job again.
As a rule, unemployed persons should be advised against a loan. Even though loans are relatively gladly given away, although in reality several securities are missing, the banks often speculate with the resulting profits, which result from unattractive conditions. If the jobseeker thinks that he will soon have a job again, he can certainly opt for financing.