Obtaining a credit without creditworthiness and unemployment through a traditional lender, i.e. a bank, can be very difficult, because creditworthiness is an important factor in borrowing. The creditworthiness, or also called creditworthiness, indicates how high the default risk is for the borrower. The lower the credit rating, the higher the risk that the borrower will not be able to repay the loan in full or at least not on time.
Who are rejected on getting a loan?
This risk is associated with costs with the bank, which is why people with a low credit rating are almost completely rejected. The situation of unemployment then weighs even more heavily, because those who do not have a job do not have a regular income, which could be used to pay off the loan installments. As a result, the loan without creditworthiness and unemployment is granted in combination with a guarantee, but only if the guarantor himself has an attractive credit rating.
If not, there is no way to get a loan through banks. The data subjects must then consider alternative means of credit, above all the possibility of taking out a loan through a known private individual. The advantage of private loans is that they are not necessarily linked to the creditworthiness of the borrower. The relationship between lender and borrower is much more decisive.
Good conditions, especially for personal loans
In addition to easier borrowing, personal loans also have other advantages, above all the good conditions that benefit the borrower in particular. A loan from the grandparents, parents or partner is usually not associated with an interest burden, which means that there are no additional costs apart from the repayment. As a result, the credit without creditworthiness and unemployment is not only possible, but also ideally measured in terms of its conditions.
The low costs are always advantageous for borrowers, but especially for unemployed people, because without an interest burden, the monthly installment is also much lower. Should there still be a delay in payment, there is usually no delay or reminder costs for private loans from friends and relatives, the repayment modalities tend to be very flexible anyway.
This is a little different for a loan with no credit and unemployment from one of the numerous credit intermediary portals where private lenders are merged with private borrowers. These lenders do not issue a loan out of goodwill and an intimate relationship with the borrower, but in order to achieve the highest possible return over the long term. As a result, the interest burden is set relatively high.