Unemployment has many disadvantages. One of the worst problems for unemployed people is that banks generally don’t consider them creditworthy. But there are situations in life where a loan is necessary, regardless of whether you make money or not. Regardless of whether you need a new car or just have to buy a new washing machine – very few people can make these large investments without help. However, many banks do not offer instant credit for the unemployed.
Instant Loan for Unemployed: The Problem of Insufficient Security
Banks make money with loans. They generate profits through interest. That is why they are dependent on the repayment of the loans. They therefore insist on sufficient collateral before lending. To do this, consult the credit entry. However, an unemployed person has no security. The risk that the repayment of the loan will burst is therefore immense. Most banks therefore refuse to provide instant credit to the unemployed. However, this can still be obtained in three ways.
Instant loan for unemployed: guarantors or foreign banks
Anyone who knows a guarantor who demonstrably has sufficient financial means to guarantee the repayment of the loan and who, if possible, knows the financial institution himself has taken a big step on the way to instant credit for the unemployed. In this case, banks usually no longer oppose lending. If you do not know a guarantor, you have to find a financial institution that grants a loan without credit view. There are corresponding offers on the Internet, where you, as a customer, have direct access to foreign banks.
Instant loan for the unemployed: The loan from private individuals
However, many people don’t trust foreign banks. Some of these financial institutions have made negative headlines, especially with their internet business. Sufficient research can be used to separate good and bad offers, but if you want to be sure, you can get an instant loan from a private individual. This will also insist on collateral, but it is far from being tied to the requirements for lending that banks have. There are numerous portals on the net through which you can make contact with private individuals who want to grant a loan.