A credit for low-income earners despite private credit may be promoted quite cocky here and there. But those who are more intensively involved with the topic quickly realize that advertising is not very true.
Because who has only a very small income and on top of that has negative entries in the private credit, is not an ideal occupation for a borrowing.
Overview – for fast readers
- Despite negative private credit and mini-jobs, only the credit of friends and the pawn shop comes into question
- However, it may look very different in individual cases, for example, in real estate ownership
- Check – without risk – which loan offers fit your requirements
- Apply for this – without obligation – directly your desired loan
- The instant check shows what is possible
Little good comes together
Credit for low earners despite private credit – master difficult situations
Banks and savings banks have very clear ideas about the requirements that borrowers should bring with them. On the one hand, a firm and highest income is desired.
This is to ensure that the liabilities arising from the loan can also be serviced. On the other hand, the private credit should have no negative characteristics.
These show that there are outstanding debts that the loan applicant did not take care of in the agreed time window. As a result, debts have arisen, which have ultimately been reflected as a negative entry in the private credit.
Only when a steady income and a positive private credit are available, can be approached relaxed looking for a loan. However, if a loan for low-income earners, despite private credit sought, the conditions are not optimal.
In such a case, alternatives have to be looked at.
The guarantor as the best alternative
Even if many consumers would like to give it up, a guarantor is always the best solution for a low-income loan despite private credit, because if the guarantor is solvent and can fulfill all the requirements set by the lenders, regular borrowing can take place.
In this context, regular is understood to mean that any normal credit can be claimed. It does not matter whether a loan for low-income earners is sought despite private credit.
Because the guarantor can compensate for the weaknesses of the actual borrower, so that they are no longer relevant.
How to act without a guarantor?
If, however, no guarantor is used, it must be looked at more closely, so that a suitable loan for low-income earners can be found despite private credit.
The offers that are offered for sale in advertising usually come from intermediaries and quickly turn out to be pure bait. Mostly they do not work, because the security is missing.
Or they are ultimately so expensive that they are not worthwhile. It is important that in the search for a suitable loan for low-income earners, despite private credit, attention is always paid to the details.
Loans without private credit mostly come from the Soulcredit from Liechtenstein. But she wants a good income.
Since this is not the case, you should try to get a P2P offer on the way. Such offers can only be found on the internet.
Well-known providers would be under other bon credit or Credity.
Credit for low earners despite private credit criteria
Not every loan offer is suitable for a loan without private credit, who at the same time has to live with a low income. Therefore, it must be ensured that the loan amount is as low as possible.
The less money is lent, the less must be repaid. It is also important that the monthly installments are kept as small as possible.
Because a low income does not allow high repayments. After all, it must be remembered that other issues are pending, which must also be covered.
The credit should therefore behave as inconspicuously as possible.
Our tip: Do not accept any offers with advance payment or interest rates that are well over 10 percent. If you can not find a suitable provider, you should not get involved in windy offers, but rather optimize your own requirements. Otherwise, the credit leads namely fast in the direction of debt trap.