Believes that the advertising promises of some credit intermediaries to solve such problems with a loan for the unemployed. Because there is an advantage: a credit query is not necessarily one of them for a foreign lender. For a loan from a German bank, fixed income or other collateral generally has to be reported. Loans are rarely given to the unemployed. There is a very simple reason for that, namely bad credit.
Especially with the unemployment rate, every person can quickly get into a situation in which his own capital is no longer sufficient to compensate for the expenses incurred.
Especially with the unemployment rate, every person can quickly get into a situation in which his own capital is no longer sufficient to compensate for the expenses incurred. High overhead or repair may quickly exceed the financing budget. After that, a loan is necessary – usually in relatively short periods. In the case of the unemployed, banks are generally very cautious, as the risk to banks is very high, the loan can not be reliably repaid and banks therefore have to forego capital.
Serious financial institutions approve a loan for the unemployed only against appropriate assurance.
It will be difficult for job seekers to get a loan without security. However, this must be creditworthy in order to be able to pay back the loan without any risk if necessary. If the borrower can no longer meet his own payment obligations, the principal bank assumes its responsibility towards the guarantors.
Therefore, the guarantor’s credit information must also be intact. This may be a housing estate or a dwelling house that the house bank can sell if the loan can not be repaid. However, this form of protection should be carefully weighed – because in the event of a fall own property disappeared quickly.
However, it is quite rare that the unemployed are the property of land or property. In this case, however, the coverage must be so high that the loan can be hedged accordingly.
Does it make sense to apply as unemployed?
In general, a jobless should consider the proposal carefully. Although the banks can certainly contribute to the approval of the loan application – but you should remember that the loan must be repaid reliably and regularly.
If you are not unemployed or do not plan to become unemployed, it is best to look at normal instant or installment loans.