A loan in spite of a temporary worker contract does not necessarily have to be a difficult loan search. Up to the low-cost installment loan, everything is possible if the right conditions are created. The contribution reveals how to do it.
Credit despite contract worker
The desire for a loan despite a temporary worker contract is rarely welcomed by local banks. Temporary agency work is often underpaid and temporary workers do not enjoy extensive protection against dismissal. To be annoyed personally about the situation is understandable on a human level, but in the end it does not lead to credit. Instead of resigning, it is much more sensible to explore the possibilities for a loan despite temporary agency work.
The opening up of credit opportunities begins with the employment contract and the amount of income. In principle, installment loan offers require permanent employment and income above the garnishment limit. It is not uncommon for temporary employment agencies to enter into permanent contracts. This would be the first hurdle to apply for an ordinary installment loan.
The amount of the personal garnishment exemption limit can be easily read from the garnishment table. The current figures are published on the pages of debt advice and on Wikipedia. If the income exceeds the limit, then at least the basic credit requirements are met.
Eliminate difficulties with installment loans
If there are difficulties in obtaining a loan approval, the low interest rates from the loan comparison need not be unreachable. A question about the reason for the negative attitude clears up a lot. It is possible that the loan amount is too high or the term is too long. Whatever the problems, a back door to loan approval remains. A solvent guarantor or co-applicant can pave the way for an installment loan. An alternative to the guarantee for the desired loan with a contract worker could be a high quality security.
Better credit opportunities can also be achieved by changing credit providers. Not every bank evaluates according to the same standards. Care should be taken not to make unnecessary loan applications when searching. Every loan refusal is reported to the Credit Bureau and worsens the credit opportunities with another loan provider. A preliminary credit request is not recorded in the Credit Bureau.
Consider all credit options
If it does not work with a normal installment loan at one’s free disposal, a guarantor should not be asked, there are still credit opportunities. Hardly any loan is sought that should not serve a specific purpose. If the reason for the loan is, for example, the desire for new furniture or a TV set, then goods and mail order house loans are ideal. Department store loans are granted on particularly simple loan terms. The prerequisites are often only linked to income from work and a clean school. The contract can easily meet these conditions.
If only one loan is interesting in spite of a contract for free disposal, then there are also financing opportunities outside of the commercial credit system. In this situation, private lender credit has proven its worth for more than five years. Contact with private investors is established through one of the large portals. The credit attempt is free, at least for the two market leaders. Whether a loan is granted privately despite a temporary worker contract is decided by the bidding process.