In general, there should be no problems with lending if the loan seeker draws short-time allowance. Many companies that have to overcome a financial bottleneck due to fewer orders arrange short-time work for their employees. The employment relationship remains during this short-time work. However, the net wage is lower during this period and this should play a role in a loan despite short-time allowance.
The loan despite short-time benefits
All Cream banks and savings banks require regular incoming income and clean Credit Bureau information when granting a loan. Income should be high enough that there is scope to pay the installments and make a living. For many short-time workers, it can happen that their own credit rating suffers from short-time work and is negatively influenced. Another problem may arise, namely unemployment.
In the case of short-time work, it may well lead to the company having to lay off employees after the short-time work. The banks themselves decide whether a loan can be granted in this situation despite short-time working benefits. But the loan seeker should also rethink their financial aspects and weigh up the advantages and disadvantages of taking out a loan. If the result is that it is essential to raise money, the loan seeker should not be afraid to go to another bank that does not refuse to accept the loan.
The loan comparison on the internet
In this context, the loan seeker can look at a loan comparison on the Internet, the possibility is available around the clock. Anyone who has found a bank or lender despite their problems should bear in mind that the annual interest rate will be higher with a poor credit rating than with a normal loan.
There are not many banks that are willing to grant a loan despite short-time work benefits. Many banks do not recognize short-time work benefits, which are usually below the garnishment limit. There are also difficult procedures when the short-time allowance is to be attached. Many banks do not expose themselves to this procedure. Unemployment in the background also makes lending more difficult.
There is still a way to get a loan despite short-time allowance. The short-time work benefit does not automatically have to be part of the income. If the normal labor income is above the garnishment limit, there are fair credit opportunities. However, the limit up to the attachability depends on the different life situations of the loan seeker. The exact garnishment value can be seen in the current garnishment table.
In addition, the Credit Bureau must be positive. The budgetary account that every bank makes when granting a loan must also be sufficient. There must be an excess of this.
The credit safetness
If these facts are not given, other credit safeguards can be provided. A solvent guarantor or co-applicant would be an option here. However, the citizen should be made aware of any difficulties that may arise. The guarantor alone is responsible for the credit risk; if the borrower defaults on payment, the guarantor is responsible for his own assets.
The same applies to a co-applicant. It should go without saying that both people have a perfect Credit Bureau. The banks also recognize the possibility of securing a loan through a debt-free property, a capital-building life insurance, building society contracts or other valuables that can be lent against.
The loan despite short-time work benefits without a bank
If no commercial financiers can be found, private investors offer themselves. You can contact the donors via a large portal. This portal has had references for five years. Credit requests have been published there for so long. It is retail investors who grant loans from private to private. A meaningful profile should be created and the loan request should be expressed.
Several donors then usually bid on the loan request in small amounts until it is fulfilled. Those who present themselves well here have chances of getting a loan. Settlement takes place in the background from a bank. She sums up the money from the investors and then transfers it to the loan seeker. However, there can be no guarantee that you will receive a loan despite short-time benefits. It is always a fair credit opportunity and a try costs nothing.
If all of these options do not work, the loan seeker should wait until his short-time work has ended and then opt for a regular loan that is adapted to his credit rating.