But also, who are the recipients, or which are the banks that grant loans without paychecks, or are there financial companies that provide loans without paychecks? Is the presence of a guarantor mandatory or is it ok without a guarantor or other guarantees? We will answer these and other questions through this article!
Financing without paycheck how it works?
To understand how it works we have to see who the recipients are. Well, some of our. Readers will think to immediately exclude employees and pensioners or anyone who has a paycheck, salary, coupon, etc. This is correct, however it is not always the case: there are cases in which those who have a salary or the like do not have, for various reasons, the possibility of being able to use it, even to the end, to obtain credit. We have already talked about it in loans to temporary workers regarding the problems they have to access credit despite the presence of the paycheck.
So who are ultimately the recipients of this funding? Without a doubt they are self-employed but not only: in fact, there are a lot of people who have neither a VAT number (self-employed) nor a paycheck (employees) and therefore will try to finance themselves through this form of credit. Let’s see who they are, by operating, where possible, the postponements of deepening.
Finalized or personal credit without paycheck:
Loans without paychecks for young people: here is a first hypothesis of subjects. It refers to loans for young people who, according to the reference legislation, taken into consideration by banks and financial companies, are aged between 18 and 35;
Loans to university students without paycheck: these too are to be counted among young people, but with the status of university students they are entitled to funding that other young people do not have. See e.g. unsecured university student loans;
Loans without paychecks for the unemployed: yet another category, those of the unemployed, regardless of age. You can be young or “old” unemployed, however without income and without a job. See loans for unemployed unsecured;
Loans without paychecks to open businesses: in this case, financing aims at a noble goal: to create a new business or start up. This is the case, for example, of the loan of honor or of the very recent Rest in the South destined mainly for unemployed young people;
Loans for housewives without paycheck: even housewives are, by choice or because forced by the vicissitudes of life, to be considered in all respects people without paychecks (despite working, and how.). See loans for housewives without guarantees;
Loans without paychecks for bad payers: even those who have had payment problems and have been reported in some databases but, be careful, cannot take advantage of the assignment, they will need this form of financing. We have already dealt with it by writing about loans for protested persons and loans for foreclosures because reporting as foreclosed or protested presupposes that of bad payers.
Once we have identified the recipients, let’s move on to the various existing differences in terms of loans without paychecks and guarantees: what are they and when are they requested?
How to make a finance without a paycheck:
When is a guarantee necessary and when not? Well, let’s move on to cases where guarantees are needed compared to when they are not and how you can get one loan rather than another.
Loans without guaranteed paycheck: this is the most plausible hypothesis. The presence of a guarantor will give the go-ahead to obtain financing such as finalized and personal loans but also mortgages and to any person including young people, housewives, protests, etc.
Loans without paycheck and without guarantor: the absence of the guarantor together with other guarantees precludes the provision of some loans, but not all. Let’s see which ones.
Loans without paychecks and without guarantees of any kind: even if there is the total absence of guarantees, including that of the third guarantor, there are some forms of financing which however gravitate in the state sector, that is, the intervention of the state also with specific agreements with banks. An example of this is given in financing the unemployed who want to open a new business, university students, etc.
Loans without income and paycheck: we have already talked about it from the moment we dealt with the loans without demonstrable or documentable income to which we refer.
Other types of guarantees that can be used by those who do not have a paycheck: in addition to the aforementioned guarantor, there are other forms of guarantee that a person can use to obtain financing, be it a personal loan, aimed at or a liquidity loan.
Loan without paycheck with mortgage on the house
It is one of the most used forms of guarantee as it allows us what is technically known as mortgage liquidity. Note that the house does not necessarily have to be ours, but it can be owned by a third party (e.g. a parent, relative). This is that operation which is defined as loans without a paycheck but with a mortgaged property as the credit operation will be guaranteed by the property which, in addition to being a house, can also be a land, a garage, etc. However, this type of transaction still involves a property; and who doesn’t have it? Who is without a property or would not want to mortgage it has another solution: the collateral loan, that is, the possibility of pledging a movable asset (unregistered) to guarantee the loan.
Loans without a paycheck changed: it represents the last form of guarantee available but also the most expensive and “heavy” of all. The financing with bills of exchange can be advanced as a stand-alone guarantee that together with others: it depends on the bank and/or financial institution to contact. Those who have an interest in loans without paychecks with bills of exchange, indicate a ns. page where you will find those institutions that make them in 2020 on loans with bills and those who pay them in 2020.
We end with the questions with which we started: loans without paycheck who makes them or to whom to contact? Or what are the financial companies or banks that provide loans without paychecks? Well, what can I say. there are no specific credit institutions (banks, financial, agencies, brokers, etc.), but each of them has requirements that, in large part, depend on the guarantees that they bring to them.