Special providers are particularly suitable for instant credit without proof of work income. There are various reasons that make proof of income impossible. Examples would be self-employment or studying. The entrepreneur cannot print a pay slip himself, a student has no income, but is still creditworthy.
Instant credit without proof of a pay slip
The instant credit without proof of work income through payroll offers credit opportunities for people who can not show such a payroll. The self-employed in particular face this problem more often. The income from self-employed work does not fit into the scheme of ordinary credit institutions. The BWA alone is often not considered to be meaningful. The risk cannot be estimated with the usual methods. Often it is the clerk’s fear of making a mistake that is the deciding factor in declining the house bank’s loan.
The income tax assessment, which could be an alternative, is also not recognized by many banks. It only offers a look back at the past successful business year. Secure future prospects cannot be derived from this. Specialists are helping to solve the dilemma. They often even do without proof of income. Other factors are more important for these providers.
Credit requirements for waiving proof of income
First of all, the Credit Bureau information is important. It should not contain any negative entries. If the Credit Bureau is “pure blossoms”, then only one of the three following requirements must be met in order for a loan application to be approved.
– The applicant can offer unencumbered real estate to secure loans.
– A solvent guarantor or co-applicant stands for the loan liability.
– A long-term capital-forming life insurance secures the risk.
If only one of these requirements is met, applying for the instant loan without proof of income as an entrepreneur loan is worthwhile. For interest rates, depending on the security offered, you can choose between an interest rate that is dependent on creditworthiness and a fixed interest rate that is independent of creditworthiness. Fast processing times and timely payments make the loan offer a real alternative to private lenders.
Education loans are independent of creditworthiness
Government educational loans for self-funded educational projects offer grants, low interest rates, and are not linked to income. The majority of the credit options are intended to finance full-time studies or full-time advanced training to become a master. There are various options for applying for the various educational loans. An educational loan can be applied for online via the Federal Administration Office website.
The application process is menu-driven. The online application is thus completed within a few minutes. Important information can be seen as a “rollover” by touching it with the mouse. The website of the Kreditanstalt für Wiederaufbau provides further alternatives for applying, but online banks also offer the educational loan.
The instant credit without proof of income is even possible with immediate cash payment. This loan is offered by pawnbrokers.