Skip to content

Uncategorized

Possibilities for a Bank Loan Remain – Loan for Unemployed

Under a private credit entry in the colloquial language is mainly understood an existing negative feature. Not every feature has the same effect on creditworthiness, especially since private credit distinguishes between hard and soft negatives. At the same time, the term refers to the announcement of a loan to the private credit.

This is always the case when a bank loan is granted, whereas installment credits granted by hypermarkets and mail order companies are generally not reported to the private credit. In the case of credit lines, private credit learns that they are being granted while it is unaware of the actual claim. People are unemployed if they work for less than fifteen hours per week and are both able to work and willing to work.

Which possibilities for a bank loan remain?

Which possibilities for a bank loan remain?

In commercial banks, a loan with private credit entry for the unemployed requires in principle the placement of a guarantor or a co-applicant. For small loan amounts, a small regional bank will have an exception if the loan applicant is personally known in the office. With regard to the financial standing of a guarantor, the bank must set stricter standards than a credit customer, so that the guarantee is legally secure. In addition, the guarantor must be able to assess the scope of his actions, to which the bank can contribute with appropriate instructions.

Anyone who has agreed on a call-off loan before the occurrence of unemployment or before forfeiting the private credit negative feature can continue to use it as a loan with private credit entry for the unemployed. An on-demand call-off loan is usually retained as long as the bank customer complies with the repayment agreement.

However, most banks reduce the disbursement credit granted directly to the checking account when the incoming payments decrease. If a loan with a private credit entry for the unemployed is offered in the advertisement, the prospective buyer pays attention to the conditions and applies for them only if he does not have to pay any pre-payment for the loan application processing. Such charges are not allowed.

Other options for borrowing

Other options for borrowing

Especially for small loan amount to offer a loan with private credit entry for unemployed platforms for credit intermediation between individuals. The corresponding platforms allow borrowers with soft negative characteristics after a case-by-case assessment. In each individual case, the private lenders registered, who often orientate themselves to social criteria, decide on the concrete lending.

In contrast to customary private bank loans, the personal loan platforms require specification of the purpose for which a loan is requested. If borrowers need the money for urgently needed purchases, recipients of Hartz 4 benefits can apply for a loan with private credit entry for unemployed persons at the case manager. The Jobcenter grants a loan without interest calculation and settles the repayment in small increments with the future benefit payments.

Are Online Loans Secure?

The wave of Financial Technology companies that have been created in recent years in Mexico and Latam, have revolutionized the processes and financial tools we knew. For this reason, it is very possible that as a user you ask yourself how reliable and secure the credits are online and the answer depends on the financial institution where you request it.

The number of Multiple Purpose Financial Companies that exist so far in the country, constitute 5.6% of the credit market. That’s why Before applying for a credit online, I recommend that you take into account the following points to avoid and detect fraudulent companies.

Validate the reliability of the institution

Validate the reliability of the institution

The institutions that offer online loans are also regulated. Come to the Condusef or the National Banking and Securities Commission and verify the legality of the company. Sometimes it will not appear with the trade name but with the company name, do not be scared! For example in Dirosher you can find us as a Red Friend DAL. Another way in which you can validate the company is knowing the opinion of other clients who requested a loan.

Check the privacy policy

Check the privacy policy

The online process allows Financial Technology companies to accelerate the online credit process and offer personalized amounts and terms. When filling out an application it will be necessary to enter personal or business information. Quiet! If the financial is regulated, your data will be protected. It does not hurt to review the privacy policy to know how your data will be treated and the rights you are granting to the financial institution. You can find this commonly on their website or in the contract that will be given to you.

Make sure you have a contact form

Make sure you have a contact form

Although the procedure is 100% online, it is good that you know the address or telephone number of the institution. If you have questions or modifications about your credit, you can go directly to the company. At Dirosher we have advisors who will help you solve all your doubts during the online credit process. In the same way you can investigate if in addition to an email or telephone they have social networks, since nowadays they have become a new channel of direct communication.

Do not make deposits in advance

Do not make deposits in advance

Asking you for money before credit is approved online is a bad sign, no financial company should ask you for advances. There are usually commissions at the time of requesting a credit, both in the traditional way and online credit. For example, the commission for opening, which covers administrative, management and IT costs necessary to provide a loan.

These tips will help you when applying for secure online credits. Do not be fooled and take some security measures.

Loan for the Unemployed – Almost Impossible for German Banks

Those affected by unemployment quickly find themselves in financial predicaments, which could only be helped by receiving a loan. In many cases, bills are open or necessary purchases can not be paid with the existing unemployment benefit. Most banks deny unemployed people a loan. A loan for unemployed people without Private credit is almost impossible for German banks.

Good long-term business relationships are often rewarded by banks

Good long-term business relationships are often rewarded by banks

Many banks are well informed about the financial possibilities of their customers. This is especially true if long-term business relationships exist. The house bank, where the checking account is kept and also savings or insurance were completed, should therefore of course be the first point of contact in a difficult financial situation such as unemployment.

Depending on the amount of the unemployment benefit and the known period of unemployment, banks can set up a smaller discretionary loan. If guarantors, savings or even real estate are available, it is possible that the bank granted a loan. However, the data of the credit agency are needed here and a loan for unemployed without Private credit information is not granted. If the entries are not severe and there are no legal claims, banks can make a positive decision.

Private credit providers can be an alternative for the unemployed

Private credit providers can be an alternative for the unemployed

If a loan has not been approved by a bank, a credit portal on the internet can be a solution. A loan for unemployed people without Private credit, however, is not possible even on these portals, where private investors finance loans. If no major payment defaults are noted in the Private credit information, unemployed persons are also admitted to these portals. This is possible because the monthly income is listed here but often does not have to be proven by payroll.

After logging in, a profile with as much information as possible will be created for the lenders. The loan project must be written in writing and should be fairly well defined. If several lenders have fully funded the project, the loan will be disbursed and repaid like a loan by a bank in monthly installments. On the loan portals unemployed people can provide collateral, which must be acquired as certifications.

Private credit always plays a very important role in lending

Private credit always plays a very important role in lending

A loan for the unemployed without the Private credit, which provides the banks with the necessary data on the borrower, is rather not possible with German financial institutions and also on private loan portals. If you are rejected by a bank or a portal, you should not take it personally. With a cancellation, the lenders protect their capital and the borrower from further debts or possible over-indebtedness.

Signs that a Loan or Credit is Reliable

Urges you the money, they offer it fast, without conditions, without endorsement and in exorbitant amounts. Moreover, they promise you that you will have the cash regardless of whether you are a bad payer or have debts that have been in arrears for years. Some will even say that they solve your other financial problems. Nothing seems strange to you yet?

Only in 2015, the National Commission for the Protection and Defense of Users of Financial Services registered around 10 thousand complaints about fraud in immediate credits. However, this same institution recognizes that it is very difficult to register a formal complaint in these cases, since most are “ghost companies” that are not even registered and that the Condusef can not investigate. To grant a loan in Mexico, it is not essential to be a financial company, therefore some department stores also offer loans for purchases, but it is recommended that they be guaranteed or certified by institutions such as Condusef or the National Banking Commission and Values.

The most common frauds

The most common frauds

The typical deceit of fraudulent lenders is the abuse of people with economic urgency, through strategies such as:

  • Fast money, but in expensive conditions and very long term, which represents endless methods of payment and more indebtedness at a disadvantage.
  • Theft of personal information for crimes such as extortion or identity supplementation.
  • Theft of money through charges of “administration expenses”.

5 signals from a reliable lender

5 signals from a reliable lender

There are some simple ways to rule out that the financial or company that grants the loan involves you in a scam. The following are good signs:

1.- Has a good reputation on the internet

It does not matter what you ask for a loan for, do not give in to the rush and take your time to googling the reputation of the company to which you will apply for the loan. Check the background of the company and the opinions of other users; if the majority are good. Also, remember that financial institutions that lend money should ideally be included in the Register of Financial Services Providers or the National Banking and Securities Commission. Enter the web pages of these institutions and you can check the registration from the internet, at no cost. You only have to have the name of the company or financial company that you are “investigating”. You can also verify the company in the Condusef that offers telephone and face-to-face advice, free of charge.

2.- Offer “moderate” sums of money or according to your ability to pay

A reliable lender company takes its precautions and is transparent with its clients. If you approach them for the first time, in addition to reviewing your credit history, it is expected that they will offer you only the minimum, in this way they will ensure that you will be able to pay, and they will begin a relationship with you to increase the amounts and improve the conditions of payment on future loans. Obviously they will not promise you to “get out of the credit bureau”, because that is impossible, since invariably all loans and credits (whether they are paid on time or not) are reported to the Bureau.

3.- It does not ask you to sign contracts or make administrative payments BEFORE applying to the loan

A reliable company knows that you ask for money because you do not have it, so it will obviously facilitate the conditions for you to get it fast, but it will NOT charge you before giving you the loan. Even if there are management procedures, they will be quick, and they should never “condition” you to pay “fees”, “insurance or opening commission” or any deposit before knowing if you will have authorized or not the credit. If you deliver any personal information to perform any procedure, a reliable lender will give you a reference or procedure number for future clarifications.

4.- Check your credit history but do not ask for private details

Reliable lenders review your credit history in a bureau or credit circle, as a formality, but ask for your authorization in writing, and verify public information. They do not ask for passwords or passwords at any time.

5.- It clearly explains the date and amount of your payments

When opening a loan or obtaining a loan, a reliable company will offer you free financial advice to guide you in any doubt; but also, it will show you explicitly how your payment scheme will be: the frequency with which you decided to pay and the amount that corresponds to each term, as well as the interest generated. Remember that just by comparing options you can save more than $ 3,700 in interest.

Do not forget that you are the first responsible for preventing fraud, if you avoid falling into deception: never leave personal data such as telephone, mail or address in social networks and expose your concerns in reliable and impartial financial sites.