Form of fixed income securities
The Credit Bureau is not included as proof of credit, but in any case a regular income must be available. For persons without a fixed income, the guarantor must provide a guarantor for the specified conditions. The main requirement for a loan is therefore not surprisingly a fixed rate. Many loan offers can also be found on the internet without a fixed income. “You do not have to have a fixed income,” says the seller on the phone.
Credit is one of those things. If you have sufficient funds or security in the form of fixed income securities, credit institutions will not be disadvantaged in lending. But if the consumer comes in distress, does not get his job and therefore only needs a bit of money, the bankers reject him a loan without fixed income.
Credit institutions without a fixed income
However, the main problem is that credit institutions without a fixed income have no guarantees that they will get their capital back. Therefore, there is no credit without fixed interest. If you have no fixed income, you do not have to be credited. With income the banks mean regular cash receipts of some kind.
Credit institutions are more likely to lend once they become sufficiently available. There is not even money from foreign banks without a regular receipt of payment. They also want security. Basically, people without a steady income have no chance of getting a loan. Why is there no credit without a fixed income?
If a borrower can no longer repay his debts, the foreclosure procedure opens. This is the very last resort of the credit institutions in the event that no agreement is reached. Because, if he does not pay, the house bank backs on a certain part of their money? A disposition credit line will be dissolved with immediate effect, the credit and Maestro card will be withdrawn and in extreme cases, the current account will be dissolved.
Unfortunately, credit institutions often reject such a bank account, which is incorrect. Regrettably, the insurer has so far not adopted a legal framework that would oblige credit institutions to provide each citizen with a credit account. This policy provides that every citizen gets a credit account. Now the situation for the individual consumer can be a little better understood, why there is no credit without a fixed income.