Getting a loan when you are unemployed is not easy. If you add an entry to the credit bureau, it can be really difficult. Here’s how you can do it anyway.
The house bank waves off mostly
The only thing that counts for the banks is that the installments are serviced on time and reliably. If there is already a negative entry in the credit bureau and you can not show a certain minimum income, the loan with credit bureau is usually denied if unemployed. Even existing agreements can be terminated quickly. On the other hand, one is rarely interested in the causes. This is true even if, as a borrower, you simply lose track or forget to pay a installment. It is often straight unemployed who need a loan. Often too, in order to build up a new existence.
Private credit intermediaries can help
In such cases, so-called credit intermediaries can step in. Although the interest rates are usually above the usual bank loan interest rates, it will be cheaper than a threatening bailiff or collection agency. The interest rates on a repayment credit are usually significantly higher.
A loan with credit bureau if unemployed – financially so it can be worthwhile. From about 500 USD, the range of private intermediaries. In most cases, you will also receive funds that go beyond the acute need, a concrete test does not take place. Specifying collateral can help with higher amounts, but is not necessary. This will give you some latitude to master future financial challenges. In particular, if the expected monthly income only for regular, necessary expenses.
For credit intermediaries, what banks are not even interested in is: the individual situation of the borrower. Because the loans are given privately through the mediation. This allows the lender to inform himself in advance about the situation of the borrower, as far as he wishes. The success rates of the mediators are high, a loan with credit bureau and unemployed can be arranged quickly and without much bureaucracy. However, caution is required of some commercial companies that explicitly advertise with credit bureau and unemployed credit: be sure to check for high fees that are not obvious. Only then will the bill end up for you.