A loan despite negative private credit and education is not easy to find. Because two parables speak against the borrowing – the negative private credit and the lack of fixed income.
How the loan can be put into action in spite of all, learn here.
What does the private credit do?
The private credit is very often the tip of the scale when a loan is to be taken. It decides decisively on how good the creditworthiness of the prospective customer is.
Credit despite negative private credit and education – real solutions
A positive private credit speaks for the lending – however, if there are negative entries, this makes borrowing more difficult. Because these point to debt and increase the risk of default around the loan immensely.
Many consumers are therefore not pleased when asked for the borrowing private credit. But with German banks, this is a common process.
Without inquiry of the private credit one gets here no credit. Also no credit despite negative private credit and education.
Why is the education allowance not enough?
When lending, it is important to have a decent income that can be used to repay the money. Although trainees earn considerably more than they did 20 years ago, income is generally well below the exemption.
However, this would at least have to be achieved in order to be entitled to a loan. In addition, the training is limited in time.
No one knows for sure whether an acquisition will take place afterwards and what income can be earned. As a result, very few banks lend a loan to trainees.
Especially when it comes to a loan despite negative private credit and education.
Which credit options exist?
The options for a loan despite negative private credit and education are not really widespread. Unfortunately, in the classical way, the desired credit will not exist.
Even the dealer credit will not be possible through the negative private credit. Otherwise, he always works quite well – even if the income is narrow.
The only way to credit is through a solvent second borrower. This means a person who applies for the loan together with the actual borrower and secures it with the help of a good credit rating.
Apprentices are usually quite young. The second borrower can therefore be found among others in parents or other close family members.
Without the second borrower, borrowing will be difficult. Although there are always advertising slogans that promise a loan despite negative private credit and education, so it can be assumed that this is not serious nature.
Usually, such loans do not materialize and only cost money. Should there be a loan offer, it will be of inferior quality and very expensive. Therefore, it is not recommended to attach high hopes to such offers.
Credit despite negative private credit and education – admission
If a good loan offer can be found with the help of a second borrower, nothing stands in the way of admission. With the help of our loan calculator different offers can be compared.
It would be important that the offer is based on the trainee. The loan amount should therefore not be too high and the monthly installments so low that they can be paid by the education salary.
Furthermore, it would be important that the repayment is based on the training contract. If the repayment ends with the end of the training, there are no problems with the things that happen after the training.
If, after that, there is no further employment, you do not have to worry about repaying the loan.
This must be respected
Anyone who realizes that they will not get anything for a loan despite negative private credit and education will approach the recording with the right attitude. Because it will not be easy to find a suitable loan offer.
In addition, the repayment also needs to be hedged. A difficult task that can and should only be faced when the loan is really needed.
It should therefore only be taken in emergencies and not needed for the procurement of luxury items.