Due to financial constraints, many people are forced to take out a loan to deal with everyday money problems. As soon as the washing machine or stove breaks down and there is little money available, it can be urgent for a family to take out a loan to get a new device. Special problems can arise if you need a loan without proof of work. Once the loan has been taken out, it is a conventional loan, but it can be more difficult to conclude a loan.
Lack of security without proof of work
Anyone who cannot prove security in the form of regular income to take out a loan must consider whether there is alternative security available to them. Here, things are generally considered that have a high value and in particular also correspond to the loan amount or cover this value. Life insurance, claims or real estate are possible here. B. the home. In the worst case, anyone who cannot offer any of these guarantees can rely on a surety.
In principle, this can be any person. A guarantor steps in if the borrower fails to pay and pays the installment. As a rule, he is liable with all his assets. It is all the more important to inform the guarantor about his rights and obligations with regard to his liability.
Inquire at the house bank first
If you need a loan without proof of work, you should select the house bank as the first point of contact. Here creditors and debtors know each other due to existing contractual relationships, e.g. B. because the customer has an account with his house bank. Since this creates a certain level of basic trust, the house bank may be more inclined to make a commitment for the loan. If the house bank is not available for such a loan, it is important to carefully compare and check loan offers from other banks. Do not take out a loan lightly just because it is easier to obtain than from other providers. Offers on the Internet in particular should be checked carefully.
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