Has been said before, the potential customer’s credit history and solvency are assessed by both the bank and non-bank creditors before the granting of the loan, just how much do they do? The public believes that loans to non-bank creditors can be made quicker and easier than for bank lenders, precisely because credit history and creditworthiness in the non-bank sector are not given such a high priority and are not given a significant role. A couple of years ago, this was probably the case, but the credit crunch and regulatory regulation on the part of the country grew, the criteria for granting loans to non-bank lenders have become tougher and more serious to protect consumer rights and protect the company from financial risk. For these reasons,Many creditors no longer offer loans to unemployed persons in order to avoid potential problems. In this situation, the losers are both creditors and consumers.
The criteria for granting bank and non-bank loans
However, if the criteria for granting bank and non-bank loans and the degree of their availability are to be compared again, non-bank creditors are still the ones that are more accessible to different groups in society. This availability is made up of non-bank creditor lending techniques and techniques, for example, SMS credit can only be obtained by sending a message, but it is possible to apply for fast credit via the Internet both on the computer and on the smartphone.
There are still non-bank creditors who do not offer any of the above options for the sole reason of avoiding irresponsible borrowing and hence financial risk. When asking for a personal loan, the identity of a potential customer, credit history and creditworthiness, more attention is paid than in the virtual environment.
Requires registration and identification of different individuals and loan data
Applying for a quick credit, of course, also requires registration and identification of different individuals and loan data, but due to the technological barrier, credit history and creditworthiness are generally assessed on the basis of the specified information in the special application form, thus not going into the details that may raise the loan. access to, and access to, everyone, regardless of their place of work and income.
The fact that credit history and creditworthiness are underestimated can also be explained by the speed of loan granting, which in most cases only takes 10 – 15 minutes. Is it really time to evaluate and analyze all of the above? Definitely not, however, it must be admitted that the amounts of loans and repayment terms are not too high, which significantly decreases the creditor ‘
As stated above, any loan, including a quick one, can also be obtained in the event of unemployment, provided that the person has another adequate income for the loan to cover the monthly loan payments, as well as the other conditions of the lender.
A person has no work or other source of income
However, if a person has no work or other source of income, no loan, even quick credit, is recommended, because the loan is also due, but if the person does not have any financial resources, it is logical that the person will not be able to do so. will damage its credit history by denying itself the chance to receive any loan in the future, but will also end up in an endless debt yard that can lead to debt collection or, worse, justice.
Despite the mutual risks, however, there are several companies that officially issue quick loans to unemployed people, which are viewable and comparable in our table. If a person does not have a job and a source of other income, it is advisable to take a quick loan only if he / she wants to attend a training course, is in search of a job and is fully convinced that in the near future he will get paid work or some other source of income. possible to cover the loan. In other situations it is imperative to be aware of the huge risks and responsibly advise your personal options for loan repayment!