Credited for the unemployed in Belgium
Are you unemployed and would you like to make a loan for unemployed, a personal loan or a consumer loan? Is unemployment and a demand for credit compatible? Is it possible for an unemployed person to benefit from a loan? This is the subject we will briefly discuss today. A person may be unemployed after years of work during which they have acquired a pleasant patrimony (eg house, car, savings, securities account). If this unemployed person wants to apply for a credit, the credit intermediary (the broker) will carefully examine his / her patrimonial situation and will see to what extent he / she can find collateral.
Unemployed and financing in Belgium
In today’s day and due to the fact that unemployment benefits have become degressive, an unemployed person alone no longer knows how to take out a mortgage 125 in order to buy his home. Before, it was enough to go through the social loan in the Walloon Region to have a chance to have an agreement for his loan application. This time is now over. On the other hand, an unemployed person can be totally taken back as a co-borrower in a case where the person who takes the main loan is an employee. We will obviously consider his allowances as replacement income.
you are refused for a loan of honor, there is also the solution of personal micro-credit social. This is a type of credit intended for people in very precarious situations or job seekers. This one is granted by financial organizations, with a low utility rate. For example, if you ask for a micro credit to purchase a car to get to work, it increases your chances of acceptance. Any proof of determination is well seen. The micro credit exists to advise people who are really in a very soft situation. The state thinks it is his duty to advise people to get up.
Solutions for a bad credit
Everyone knows that the demand for a credit from a bank can immediately turn into a real journey of combatants and this, even if we have a CDI. In fact, when applying for a loan, the first requirement is the solvency of the applicant. That’s why there are several supporting documents: pay slip and statement of account.
Unemployment is a complicated situation to ensure, not only financially but also morally. Whatever the reason, we will have to find one that comes to overcome it effectively. When over-indebtedness awaits you, because you live in the impossibility to repay outstanding credits and credits, you must find a solution to deal with this insolvency problem. One of the recommended solutions for the unemployed is mortgage refinancing. Although it is aimed particularly at people with pleasant incomes, the unemployed can achieve this under certain conditions.
THE SPECIFICITIES OF THE AMOUNT OF CREDIT CREDIT The unemployment pooling system is difficult to set up, but it is not unrealistic. Not all lenders take the risk of helping at-risk borrowers. It will be necessary to assemble certain conditions for a bank to agree to pay your credits and take the responsibility to grant you a new loan. In this case, she agrees to discharge the other banks from the risk of default and she assumes the risk alone from the moment she clears the credits for you.
Second solution for a person who does not have the opportunity to take an unemployed credit, that to make play its real guarantee. This heritage property must be a property whose amount is generally equivalent to that of the requested credit. This solution gives the bank the opportunity to seize the property and put it on auction if the client can no longer meet its deadlines. A method especially effective in case of credit affected. We have seen some ways to borrow for a person without work, however, there are others.
If your situation is showing too small incomes, banking institutions, such as credit lenders often tend to refuse credit, for lack of evidence of your solvency over a long period. However, you can try to give additional guarantees to help the group in its decision.
To not forget
Let’s go back to the three cases of the plaintiff’s claim to the end of the law, the owner’s claim for not having a source of income and a recent unemployed person. The first has the most difficulty in discussing a loan because it has no guarantee. However, we must be aware that credit organizations are for-profit entities and not for social purposes. There is no question for them of taking risks.