Archive January 2020

Online loan for the unemployed – is it possible?

Until recently, the only loan that the unemployed could count on was a loan from a family or a friend. Now loan companies meet the expectations of people without income and offer online loans to the unemployed without certificates.

Payday loans for proof of income

Payday loans for proof of income

Some time ago, the basic income for borrowing money in both the bank and the non-bank institution was the income of the person applying for the loan. Such a person had to prove that he has sufficient income to be able to cope with paying off the debt. Currently on the market we can find online loans for the unemployed, i.e. such loans that are granted even to people without a permanent employment. In most cases, financial companies grant such individuals loans based on a statement. The statement is information from the client saying that he has the financial capacity to pay back the debt. The declaration may also relate to income from, for example, a mandate contract or a specific task contract. It is also possible that the loan will be granted to a person who has absolutely no source of income and is supported, for example, only by social benefits. Check out the best loans for the unemployed at 7chwliowki.pl.

Online loans – how to take them?

Online loans - how to take them?

Taking a loan by an unemployed person is actually the same as taking any other payday loan as proof without income certificates and without surety and without a mortgage, car or other name security. The only thing you need to do to take out a loan is to complete an online application from a specific financial company. We can do everything online. All you need to do is register and log in to the non-bank institution’s website, specify the amount of the online loan for the unemployed, repayment time that suits you, provide your details and make a verification transfer.

In most cases, financial companies require you to provide your name, ID number and series, address, email address, phone number and PESEL number. When filling out the loan application, you must also verify your bank account. For this purpose, a transfer of $ 1 or $ 1 is made to the loan company’s account, and after the loan application has been approved and the verification transfer has been credited, the company makes the transfer with the loan to the account from which the borrower made the transfer.

Online loans for the unemployed are dedicated to both people who are permanently unemployed and those who have lost their jobs as a result of restructuring or liquidation and are temporarily left without a source of income. Such people have daily needs, just like everyone and payday loans as proof are in this case a real chance to improve their financial condition until they find a job. Of course, you have to approach such payday loans wisely, because it may happen that the client does not manage to find a job until the loan has to be repaid and this can lead to debts.

How to assess loans for the unemployed?

How to assess loans for the unemployed?

The assessment of loans will be much easier thanks to the Cream bank website. On this page you will find a ranking of payday loans and you will find out which payday payday is the most advantageous, and thus, it’s easier to choose the best solution. If you want to borrow money, you have to do it wisely – think carefully over all aspects, including paying off your debt. Then you will be sure that you can afford the loan and that you can easily handle the repayment.

Consumer credit: still growing in May

The use of consumer credit maintained a positive dynamic last May, according to the French Association of Financial Companies (ASF): a slight increase in activity was recorded (+ 1.7%), which amounts to + 4.7% over the last three months compared to the same period the previous year, and + 3.9% cumulative over the last twelve months. The movement initiated since 2015 continues for consumer credit!

LOA and opportunity blow up auto credit counters

LOA and opportunity blow up auto credit counters

The ASF estimates the volume of consumer loans distributed in May 2018 at nearly 3.5 billion USD. An amount boosted by the very dynamic car credit market (nearly 1.1 billion USD), strongly driven by rental operations with option to purchase (LOA). They weigh 54% of vehicle financing. The purchase of cars on credit increased by + 7.1% in the new and + 14.8% in the occasion. The phenomenon of used LOA continues elsewhere (+ 43.1%), while LOA in new (+ 12.3%) continues to take precedence over conventional auto credit (-6.1%).

Stability of bet

Stability of bet

Revolving credit remains essential in the household budget with 805 million USD granted in May 2018. This certainly gives zero progress (+ 0%), but it is still better than the personal loan which is in decline (-4, 2%), close to 1.1 billion USD (credit buyout included). Among the consumer credits allocated to an expenditure, there is also perfect stability for the category “other goods or services” which includes two wheels and boats for example: + 0.1% to 111 million USD. The loans allocated to the improvement of housing and equipment follow the general curve (+ 1.7%) at 254 million USD.

Incentive rates

Incentive rates

Low consumer credit rates favor these good figures. According to Lite Lender in July 2018, you can find a car loan or take out a personal loan from 0.75% over 12 months (1% for the works loan). The car loan rate is displayed on average at 1.82% over 24 months for an amount greater than $ 10,000, while the rate for a work loan for a comparable amount is around 2.90% on 48 months.