Almost every person knows the situation where a dream should be realized or a larger purchase is urgently needed. The problem with the matter is then always that your own financial resources are not sufficient. Thus, a loan is often needed that is difficult to realize without a good credit rating. The plans are almost hopeless, if the prospect even without work stands. Many people are looking for a payday loan without regular income, but most banks and credit institutions refuse at this point. An attachable and regular income is the main security of every loan. For many people, the prospects are bad, but there are special cases and exceptions, as the credit without regular income can be made possible.
What about the unemployment benefit?
Purely by logic, credit seekers with unemployment benefits think they have a steady income for the payday loan. Thus, unemployed would actually have to be creditworthy. Unfortunately this is not correct, because the unemployment benefit is not a normal regular income. The unemployment benefit is not an income from a permanent position, because it is only a wage replacement. The unemployment benefit is not paid permanently and is not attachable. According to the banks, an unemployed person with unemployment benefits is therefore not creditworthy.
There are commercial loans in the trade and private loans from private individuals
Anyone who would like to receive the loan without regular income, will have no chance at banks and credit institutions. However, a private individual offers a payday loan. It can be a person who is close to the prospect and gives him a loan without regular income. However, in order to avoid disputes at a later date, the terms and conditions of the loan should be formulated in writing in a contract. The repayment modalities, the repayment term, the interest rate and the amount of the loan are recorded in writing. Interested parties can also receive a installment loan with a favorable interest rate in furniture stores or in a store for the electrical industry. In many cases, the buyer does not have to prove his income. There are already many lenders today who also offer zero-percent financing. Anyone who receives the trade credit can repay this conveniently in installments per month.
What about freelancers and the self-employed?
Even freelancers and self-employed are usually not given a steady income. Also, you have to take care of the loan without regular income. However, the rules are special here. The lenders need a lot of documentation for the loan, such as bank information and a BWA.