Many unemployed want a loan despite unemployment, but this is a sensitive issue. If the economic times are good, then many people with a regular income take out a loan. A borrower assumes in the loan request that he will have his regular income even in the future. If the borrower then but lose his job, then it is a loan despite unemployment. With incomes worsening, this situation will certainly not be easy.
Can a loan be secured despite unemployment?
Even the lenders have recognized the problem. Nowadays, no prospective buyer can say that he is not unemployed. Of course, this does not mean that nobody will take out a loan anymore. There is a residual debt insurance with the lenders, with which the credit can be secured. Should the borrower unexpectedly be unemployed, the monthly installments will be covered by insurance over a period of time. It is important that this does not lead to a loan default with a lender. However, after a loan can not be serviced forever despite unemployment, the borrower should do everything possible to find a new job. If a loan can no longer be serviced, then it may come to the termination of the loan. If the loan is terminated, it will be reported to the credit bureau and thus automatically deteriorates the credit rating. Even if a loan recipient has a permanent job again, he will not get a loan approved later.
Is there still a credit despite unemployment?
If you do not have a job and you want credit despite being unemployed, you should first think about it. There are many lenders who generally do not lend to any unemployed person. In fact, it is best if the credit seekers turn to a credit intermediary such as Credither. The credit intermediaries must ensure that a reputable provider is found. There are some black sheep on the market who want to pull money out of people’s pockets. Overall, it is really difficult to get a loan, because even foreign banks want to see salary statements and refrain only to a credit bureau information. Every lender secures and wants that it does not come to defaults. The lenders in Germany demand in all cases a proper credit bureau and salary statements. Who can not show this, can also find a guarantor who signs the contract. For the guarantor, however, it is important that he has a good income and has a positive credit bureau information