Obtaining a loan despite short-time working poses a growing number of people with ever-increasing problems, because with the phenomenon of short-time working, in which more and more people find themselves involuntarily, the collateral for the lender is dwindling.
This always provides two basic collateral requirements for the borrower, which on the one hand is a doubtless credit bureau entry and on the other hand a salary statement on a fixed and regular income in the appropriate amount. While short-time workers can often convince through relatively high net salaries, lenders also know that an employee with a short-time work contract can not afford important security right from the start.
For the borrower can then per se no fixed employment and thus no regular income prove. Since the employer can cancel him at any time during the short-time work or the employment contract is only dated at very short notice, especially loans or loans with a longer term are a big problem.
Despite short-time working received the appropriate loan
Although the circumstances of short-time working make it more difficult for borrowers, a loan is not an impossibility despite short-time working. The borrower only has to substantiate his loan application with additional collateral and convince the lender, as a rule a bank, of his own creditworthiness. Often there are guarantors who are employed by persons in a ratio of short-time work and thus have to stand directly for the repayment of the loan amount to the lender.
These can be, for example, family members, the spouse or very good friends. However, a guarantor must also be aware of the fact that he is fully liable for the borrower and the repayment of the sum until it has been paid in full to the bank. This circumstance has a deterrent effect on most guarantors, which is why it is not always easy to find the right citizen, who can convince the lender by his creditworthiness, and to use it for the credit.
Chances of success with cheaper loans higher
In order for the loan to have the highest possible chances of success in spite of short-time work, the loan amount should be as low as possible and the term should be as short as possible. The shorter the duration, the lower the likelihood that the employee in a short-term employment relationship will lose his job during the repayment term. Of course, the credit should of course be carefully selected in advance perfidious, because of favorable terms and installment payments, of course, also results in a lower overall burden, which in turn has a positive effect on the chances of success of a loan. Using a reference calculator for loans, you can quickly compare loans with just a few mouse clicks based on their maturity and loan amount.