Credit during short – time work
If a company is not doing well, it always tries to avert impending bankruptcy with short-time work. This saves a lot of personnel costs and the company does not have to fire a good employee straight away. Because if the situation relaxes again, you can continue to work normally afterwards and there is no need to find and train new employees.
However, what is very good for the companies concerned always leads to major problems for the employees. Because short-time work benefit is a social benefit that makes it difficult for those affected, for example to take out a loan during short-time work. Because banks traditionally do not recognize social benefits as security and therefore do not grant a loan. In addition, nobody knows what will happen after the short-time allowance has been paid.
Can the company do it again and can it keep the employees busy again under the old conditions? Or does it slip into bankruptcy and the employee has to try to find another job. All these questions are difficult to clarify in advance and therefore also stand in the way of a loan during short-time work. But as always there are remedies and ways that can make the desired loan possible. Even if this is not always advisable.
The consumer loan as a loan during short-time work
The easiest way to get a consumer loan is during short-time work. It is earmarked and therefore rarely asks for a fixed income. A consumer loan can be used to finance all those items and things that have been purchased from the issuing dealer. In principle, the consumer loan is nothing more than an installment payment agreement that enables the costs incurred to be settled conveniently.
For a consumer loan as a loan during short-time work you only have to be able to show a good Credit Bureau. The monthly income must be at least 400 USD.
The loan during short-time work with guarantors
A loan can also be taken out with a guarantor during short-time work. A solvent guarantor paves the way for many a stony path and ensures that one or the other loan request no longer has to remain a wish. A good guarantee also makes such a loan possible. However, it is always important that the guarantor is selected with great care. In the best case, it is very close to the actual borrower, since the guarantor must accompany the loan to the end. And this is best done when you understand each other well, coordinate things and act quickly together in difficult situations.
The quick reception
If you know that short-time work is imminent, you can quickly take out a loan beforehand. So the normal salary statements can still be submitted to the bank and the bank does not notice the impending short-time work. Everyone has to decide for themselves whether this is of course always the best way. Because short-time work also means that less money is available, that nobody knows how long it will last and what happens afterwards. Taking out a loan, even though you know that there is an uncertain future, is always a great risk and somehow fraudulent. Because you pretend something to the bank and risk a debt that might not happen without a loan.