Anyone who has a regular job has credit opportunities through income from work. The credit prospects for a loan with a temporary job are modest, but still there. The possibilities open up how to escape an impending credit crunch, more on this in the article.
Loan with temporary job – easy options
There are a few prerequisites that need to be met for a temporary job loan to be successful. The borrower must be of legal age, the Credit bureau must not have a negative entry and the temporary job must be permanent. In addition, part-time work may not take place on an independent basis. After the trial period has ended successfully, the first source of credit can be tapped.
It is the overdraft facility of the checking account. Almost all account-holding credit institutions grant a small overdraft facility. The amount of the disposable corresponds approximately to an income. If you encounter problems with your bank with this wish, you should consider changing providers. For example, TAgree bank offers a completely free online checking account with a 50 USD starter rate. Not much can be started with 50 USD, but this first discounting is even interest-free.
The other options available depend on the income generated. From an income of 500 USD – 600 USD per month, the first “real” credit cards can be requested. In this case, up to € 1,000 card overdrafts are quite realistic.
Installment loan with temporary job
Actually, a temporary job does not qualify for an installment loan. Most credit institutions are very distant to this request. Installment loans are only granted by commercial lenders if the income reaches at least the attachment limit. For a single person, without maintenance obligations, the current seizure limit is set at 1,050 USD.
However, it is possible to name a solvent guarantor who bears the credit liability in an emergency. Under these conditions, a small loan from an online direct provider can be found. Nevertheless, with regard to income, the expectation of the loan amount should not be too high. As an alternative to a guarantee, high-quality property security could be pledged.
Without guarantors, there could be credit options for installment purchases in department stores and mail order companies. Again, the clean Credit bureau and income are the focus of the question whether such a loan is possible. The credit offers of the large department stores for electronic items are known to be particularly permissive. With luck, even zero percent funding is possible despite temporary jobs.
However, the entire warehouse cannot be purchased on credit. The loan amount must always be in relation to the income earned.
Loan opportunities with poor income
Usually, credit intermediaries can almost always arrange a loan in difficult creditworthiness situations. However, if their income is well below the attachment limit, their hands are tied.
A realistic alternative for a low-income loan can be found in the private lending market. Private donors often make a hearty decision about who they want to entrust their money to. The desire for a loan with a temporary job therefore does not necessarily fall on deaf ears. A loan attempt through one of the major portals costs nothing and can be rewarded with a loan.