Debt allows you to do things that otherwise could not normally be done, such as starting a business, going to college, or paying for a home. Debt builds buildings and investments of funds and entire companies - even the government is financed by debt. The trick is to favor the debts that help the cause and ban those that don't. Not all debts are written off. Get cheap loans Another way to get che...
Let’s face it: obtaining a loan without guarantees is a really difficult task. The question to ask is: would I lend money to someone without him giving me a solid guarantee on their return? Basically this is the question that banks and financial companies ask themselves when a customer asks them for a loan. If the guarantees are missing, the financing procedure is certainly rejected.
So: how do you get a loan if you have no guarantees to offer? In this guide, we suggest some possible solutions to this problem. Those who have in the past been reported as bad payers registered with the CRIF can also take advantage of the following indications.
Loan without guarantees: really sure you don’t have one?
Premise: as said, no financial or bank disburses any loan without guarantees as in the short term they would most likely go bankrupt due to the huge losses they would face. This concept must be absolutely clear, and it is also valid for a small loan of 1,000 USD!
However, this does not mean that you have to give up, in fact, if the amount of money you intend to borrow is modest, the chances of obtaining a mini loan are there and are sufficient to justify the request at the various credit institutions operating on the territory, as well as the financial ones that provide fast online loans.
Unsecured loans for unemployed
Yes, even those who are unemployed can access small loans, as long as they can prove that they can repay the loan. Below are some examples of possible other alternative forms of collateral that banks and financial institutions take seriously.
The premise is that an unemployed person sometimes has rents or possesses valuable assets. Let’s see 3 concrete examples of alternative forms of collateral for obtaining a personal loan.
1. Rental income
Well yes, even if you do not have a paycheck, an economic income deriving from a rented premises, can represent (if the requested amount is compatible), an acceptable guarantee for applying for and obtaining a loan.
For certain information, we contacted Astro Finance (which we thank for your kind collaboration) through the toll-free number, very kindly, the operator explained that, in these cases (rental income), they are available to evaluate the disbursement of a personal loan. The conditions for this request to be considered are:
- that the rent is equal to or greater than 500 USD per month;
- that there is a regularly filed rental contract;
- bank statement (half-yearly minimum) where the rent collection operations are recorded;
- that we have the unique model of the previous year in which we declared an income above 6000 USD
- that the age threshold of 75 has not been exceeded.
If you are interested in applying for this loan, know that it is necessary to contact a customer center or a Astro Finance agent and arrange a meeting at one of their offices located throughout the country.
To find out how to find the agent that operates in your area, Astro Finance has made this web page available where, by entering the region to which it belongs, you can find the information to contact a local manager directly and make an appointment.
Astro Finance will evaluate the situation and within a few days (after making the necessary investigations), will communicate the outcome of the loan application.
2. Find a guarantor
Thanks to the signature of a guarantor, even those who have nothing or almost nothing to offer as collateral, can try to apply for a personal loan. Needless to say, the guarantor must have a more than solid financial position.
If you cannot prove that you have an income in the first person, it is clear that the bank or financial company considers this operation very risky, which is why it will do everything to protect itself. Sometimes it is possible that the same asks the guarantor for a pledge to guarantee the perstito. However, it is worth trying because especially if the amount requested is modest it could be an excellent solution.
Again, we took advantage of Astro Finance customer service by asking for more information about a loan request without personal guarantees but with the availability of a guarantor.
The operator confirmed that even in this case Astro Finance is interested in evaluating this request by appointment with the area manager
So if this is your case, don’t give up, with a guarantor you can ask and probably get a personal loan.
3. Loan with pledge
Another opportunity is represented by what is called a ” pledge loan “. In this regard, you can take for example CustoValue which, after evaluating the precious asset (usually we speak of gems, gold, platinum), disburses money in a very short time. Subsequently, if you are unable to return the money received, the precious asset is sold at auction.
This type of loan is easy to obtain but it must be said that the valuation of the asset left as a pledge will be much lower than its real value. If the operation does not encounter problems, it can be a possible solution, otherwise if the sum cannot be repaid, a value much higher than the loan received will be lost.
When you have a fixed-term job
Very often, there is a tendency to believe that a worker with a fixed-term contract is among those who are unable to apply for a small personal loan. Fortunately, things are not exactly like that, let’s see why.
The world of work has changed a lot in recent years, more and more people have fixed-term employment contracts, which is why financial and banks have structured themselves to welcome this type of clientele, provided they meet some basic requirements.
The requirements for a loan are: not to be enrolled in the CRIF as a bad payer, an employment contract (even if, as mentioned, this is a temporary job), identity document, tax code, certificate of residence.
Other articles that may interest you: Loans with bills of exchange between individuals – Loans between individuals available online
Loans in 24 hours without paycheck
Do you need an instant loan within 24 hours but you don’t have a paycheck? Of course the situation is not easy! Nonetheless, don’t give up and read our guide. You may find a solution you hadn’t thought of!
Loans without Astro Finance paycheck: are they possible?
Have you heard of loans even without a paycheck provided by Astro Finance? It could be! In this article we try to clarify the matter.
Loans Without Compass Payroll: Are They Possible?
Is it true or not that Compass provides loans without a paycheck? In this article we try to understand if all this is possible or if it is just a rumor.
Loans for unemployed: guide and advice on how to get them
In this article we offer you some ideas on how to access loans even if you are unemployed. We will see the types of funding that can be accessed and how to go about having more chances of a possible request being approved.
Loan SpecialCash Postepay: review and opinions
Are you considering joining the SpecialCash Postepay personal loan offer? Before going to the post office and requesting it, I recommend you read this review in order to have more information on the product and its peculiarities. In this I talk to you about the characteristics, the requirements, the documents required and the methods of disbursement of this small loan. You then find the…
How to have instant loans without guarantees
Immediate loans without guarantees, we must admit, are a real mirage. Why? The reason is the difficulty of a bank or financial institution to trust a debtor who cannot give real guarantees on his economic solvency. If you don’t have a fixed salary, if you don’t own a property or property to mortgage, if not…
Loans without guarantees: what are the alternatives?
Today I want to deal with a rather controversial topic, about which, on the net, there is a lot of information but all conflicting. I refer to unsecured loans, have you ever heard of them? Surely; for many they are a simple chimera but for many they can represent a real opportunity. Everything is to be found online…
Personal Loans Without Guarantees
Are unsecured personal loans possible to obtain? If we were to respond without dwelling on the multiple forms of guarantees possible to obtain a personal loan then the answer is certainly not. But luckily things are not always Yes or No or White or Black, there are maybe yes if… or the various shades of…
Loan with guarantor: why is it sometimes indispensable?
The loan with guarantor is an option that is chosen in several cases, but which often represents a real obligation: the figure of a third party who undertakes to pay off the debt in the event that the person who received the loan proves insolvent it is advantageous from many points of view.
Loans without paycheck and without guarantor
Loans without paychecks and without guarantors are particular forms of financing possible provided that certain specific conditions are met. These types of loans, unlike personal loans, are suitable for those people who cannot count on a fixed salary, but not only.
Loans for housewives: how to get them?
Loans for housewives are considered “atypical” by lenders and are often difficult to obtain. A real contradiction in terms, if you think that we are referring to a job category on which the country’s economy is based. However, there is the possibility to access a credit, let’s find out how.