How To Make a Credit When You Are Unemployed
It is undeniable, banks and credit organizations are more cautious when it comes to granting a loan to a job seeker. And yet, a person looking for a job needs the minimum necessary if only to restore his financial situation.Before borrowing from an unemployed person, a credit institution analyzes his financial situation as a whole. He studies his heritage as a priority. That said, the financial institution has an idea of the solvency of the interested party, but there is also the other important decisive element: his professional potential.
Next comes the acknowledgment of the amount requested
Although the contraction of loans to individuals exists, the estimation of the amount of unemployed credit to be allocated is important for credit houses because, let us remember, financial establishments, by definition, will not want to run any risk.
If these are the reactions of lending organizations to the demand of an unemployed person, what are the possibilities open to them?
Solidarity organizations offer microcredit to unemployed people. For example, the Association for the Right to Economic Initiative or ADIE helps the unemployed through personal micro-credit. If you are a job seeker wishing to carry out a personal project, for example, you may be entitled to funding ranging from $ 300 to $ 3,000 for a reimbursement period of your choice between 6 months and 3 years.
Micro credit for the unemployed is not only intended for professional needs
It can also finance your move, the acquisition of a car, the rental of a means of transport such as a motorcycle, for example.
The monthly payments for this type of loan are low, the objective being to avoid over-indebtedness of the subscriber. Depending on its destination, the TEG or Total Effective Rate varies. When the amount borrowed is used to acquire a car, the TEG is lower.
To engage in microcredit when you are unemployed, you must collect the RSA or Active Solidarity income.
There are many other ways for people with no stable income to get credit. So, if your request is rejected, do not lose hope, call on a social worker, she will be able to put together a file and guide you according to the reason for your loan. Indeed, in addition to social micro-credit, there are also the CAF or Family Allowance Funds. CAF will be able to grant you an honorary loan which, unlike traditional microcredit, is a zero-interest credit.