Those who are in training usually have little money to afford something expensive. Think of a new car that the apprentice sometimes needs to get to work. In a conventional bank, a trainee has few chances to get a loan, as he usually does not have sufficient collateral. These are important to get a commitment to funding. But a loan for trainees without guarantors is not hopeless, because there are ways to get a loan.
Credit for trainees without guarantors is limited
The loan seeker receives credits for a trainee without a guarantor on the Internet from providers of direct banks. The prerequisites for the acceptance of a loan are a positive information in the credit bureau.If a negative entry is already noted as a trainee, this worsens the situation considerably. But most of the time the credit reference agency is free of negative entries for the trainee. The collateral required can often not yet be presented to trainees. This is a real estate or a new car.
The monthly income is secure, but in many cases it is not enough. In addition to the possibility of using direct banks on the Internet, there are so-called credit intermediaries who look for a corresponding financial institution and act as an intermediary. It should be noted that credit intermediaries are only allowed to charge their commission on a commitment to a loan. Everything that is billed before is not right. It should also be noted that a credit intermediary can also occur with a loan cancellation.
In the case of a loan for trainees without guarantors, collateral is required
What options are there now for obtaining a loan for trainees without guarantors? With the negative information also falls the non-commitment after the training in a permanent employment to be taken. Since most lenders want a solvent borrower, the chances are not great to get a higher loan.
Lending low makes a loan for non-guilty apprentices seem more realistic than a big loan. In trade, for example, there are lenders who grant installment credit for the purchase of a computer. But only if the trainee can prove that he can pay the due installments. As security then the computer remains with the lender. Even with a training allowance can settle relatively low rates.
Disposition credit is also a way to borrow
Another possibility is to ask for a repayment credit with his bank. This is based on the training allowance. However, even here, the banks are very covered, if no guarantor with signs.
As a guarantor, the trainee could ask his parents, grandparents, if they are not too old, or other relatives. For the guarantors, however, a positive credit bureau statement must be found and the citizen must have a good credit rating. If there are massive loan commitments with the guarantors, the chances for a guarantee are also poor.