Are you looking for advice and information on how to get loans without a paycheck quickly, even in 1 hour? You are in the right place, read on for more information. Obtaining loans without a paycheck is not easy, because banks and financial companies are more likely to lend it to employees and pensioners, due to the fact that their economic situation is considered more secure and reliable. This was true until some time ago, because it seems that for some years now the situation is better even for those who do not have a salary! Let’s find out how. A summary is on http://barsugliafarms.com
What are payday loans?
This term refers to all those loans that are requested (and granted) when those who apply do not have a paycheck or pension to act as a guarantee. Therefore, these types of loans fall:
- unemployed in general
- honor loans
In most cases, loans without a paycheck are, in most cases, small loans, also because without a fixed salary it is difficult to obtain large sums of money on loan.
How to get loans quickly, even in 1 hour
The “secret” in order to speed up obtaining a loan without the paycheck as much as possible lies in the guarantees that can be offered: the more they are, the more solid they are, and the greater the chances of having a loan in a short time.
Of course, it all depends on the financial company, so it is not said that all the answers are the same: some financial companies can grant loans faster than others, some may even end up rejecting the applicant if he is neither an employee nor a pensioner. In short, we must not give up if at the first attempts we get a refusal before even applying for an “official” loan.
What guarantees can be provided to speed up as much as possible
The guarantees are of three types:
- income of the applicant, the first and most important guarantee. This “variable” exists for self-employed workers, it disappears in the case of a housewife, a student or an unemployed person. In general, those who have their own income (highlighted by the tax return) have a greater chance of success;
- surety, or third party guarantor. This is a very important guarantee, which leads a person (for example a family member) to act as guarantor to the applicant. In this case, if the main debtor does not pay, the financial company can ask the guarantor for the installment, which in turn has the right to refer to the first debtor;
- collateral, as in the case of tax-payers. These are additional guarantees that are obtained if, for example, you have a house or other property that you rent, or if, for inheritance, for example, you have investments from which you get a constant income every month.
Insurances must be distinguished, which are instead forms of protection that protect both the debtor and the financial company: if the former can no longer pay, the insurance intervenes by paying a certain number of installments or settling the residual debt, as appropriate.
How to have loans without guarantees
First of all we can say that having a loan without paycheck and without guarantees is definitely not an easy thing. Based on the general credit conditions that financial institutions require today, the presence of a paycheck is essential to have access to credit. When it comes to loans without paychecks, however, a clear distinction must be made.
It is linked to the fact that loans without paychecks can be requested either by those who still have a monthly income, not deriving from a paycheck (for example because they are self-employed) or by those who have no monthly income (because they are unemployed ). In the first case, it is certainly easier to have loans without a paycheck.