For many, a job means relief from financial difficulties. Most of all, it does not matter whether it is a full-time or part-time job. However, it quickly becomes clear that a part-time job does not bring in a lot of money, so that invoices and wishes still remain open. It is therefore not surprising that this group of people take out a credit with a part-time job in order to be able to cope with everyday life.
What difficulties do part-time workers face?
If you think about a part-time job loan, you will quickly find that it will not be easy to find the right bank to grant this loan. Part-time workers, like any other borrower, must repay the loan. The creditworthiness of the borrower is therefore of great importance because it tells whether the applicant is creditworthy or not.
The low income often means that large amounts are not made available, so that usually only a small loan is granted. Its sum is a maximum of 5,000 USD. Income must always be enough to pay rent, maintenance, food and credit. If the applicant is single, the income is often far too low, so there will be a rejection.
Which loan can be taken out?
Taking out a loan with a part-time job can also be unproblematic. Some loan offers are aimed at people who are not asked about creditworthiness. Often only the income is seen, which is the basis for the repayment. Therefore, many banks offer a credit facility, which is calculated according to the amount of income.
It is not uncommon for the limit to be 250 times net income. A part-time worker also earns money, so that a small loan is usually always given. Anyone who can present a guarantor to the bank enormously increases their chances of getting a loan with a part-time job. A last option would be mail order companies that also offer your goods in installments. No credit check will take place here.