It may be necessary to have a payday loan to make a purchase or have a repair carried out. The additional money may also be used for a vacation trip or a new car. The story is on http://businesscreditcardapplications.net/payday-loan-debt-help-please-view-our-payday-debt-consolidation/
Basically, there is no problem getting a loan if your credit rating is in order and you have a steady, regular income. Unfortunately, this is not always the case, which can make it more difficult to get the money you need from a bank. The bank generally only grants loans if it can be sure that the borrowed money will be repaid properly. But what if you don’t have a permanent job or are employed by a temporary agency?
The risk of contract workers
It is not easy for a temporary worker to obtain a payday loan because the collateral that the bank usually requires is not available. Banks are expected to have regular income and permanent employment contracts to grant a payday loan. This is not the case with a agency worker. A payday loan despite a loan company is still possible. The first way usually leads to the house bank. If the borrower is known as a good bank customer there, the loan may be granted despite the loan company. The house banks know their customers personally and can assess the risk.
There may be assets available that can serve as collateral, e.g. B. a property, a vehicle or life insurance. Chances are better on the Internet. There is a good chance of getting a payday loan from a direct bank despite a loan company. The collateral is of course also requested here. There are institutes that also offer payday loans for this group of people. Providing a guarantor can also make sense under certain circumstances in order to be granted a payday loan despite the loan company.
If it is not possible to obtain a loan through the house bank or a direct bank on the Internet, there is still the option to apply for a Credit Bureau-free loan, the so-called Swiss loan. No further tests are carried out here. All you need to do is provide proof of income to check the income that has to cross a certain limit. However, a person can only receive an amount of 3,500 USD, which must then be repaid over a period of 40 months. Another alternative is to get a payday loan from an existing life insurance company and then repay it. The due money that has already been saved is paid out as a loan.
It is not easy to get a payday loan as a temporary worker, but it is not impossible. The house bank is a good point of contact because it knows its customers personally. The internet banks offer a good chance of getting a payday loan if the creditworthiness is otherwise in order and collateral is available. Otherwise, a guarantor can still be used or a Credit Bureau-free loan can be applied for. It is also possible to lend life insurance.