Although loans without payroll are not common, they can also be processed by different finance companies.
However we have to clarify that loans without payroll are not those considered as loans without income .
A person may not have income in the form of payroll, pension, self-employment and, on the contrary, if they have undeclared daily income.
Of course it is not the ideal situation of the client in the search for financing but financing can still be obtained.
Credits without payroll that can be processed
If what you want is to sign one of these quick credits without payroll, it is practically certain that to achieve it you will have to provide a guarantee.
Trying to get personal loans without collateral without having demonstrable income is currently a utopia.
It is because the financial companies know that in the event of default they will not be able to do anything to collect their debts.
This is something that people who demand these services have to know at the time of requesting loans.
If you do not have guarantees either yours or third parties, trying to access these loans makes no sense.
We know that loans without payroll or endorsement are of interest to many people but that does not mean that they are easy to obtain.
Not only are they not easy, but the financial companies do not offer them directly.
It is possible to sign them in the market but only through financiers with whom we already have some confidence and experience.
There are finance companies that, although they do not have this offer among their credits, if a trusted client asks for a loan like this they may accept.
We have seen this way of operating in different private equity finance companies.
And of course, they will only do it with clients they have known for many years and know the risk of default is minimal.
Even if you have previously processed a loan in a finance company, this does not make you a trustworthy client.
A trusted client for the financial company is one who, for example, has requested 10 loans over the years, all of them having been returned and without payment problems.
Types of credits without payroll that we can sign?
When people who need the money have to provide endorsement, it is common for them to provide two types of guarantees.
On the one hand we would have the real estate properties through which private mortgage loans are signed and on the other we would have the vehicles.
When a client provides a vehicle as collateral, the usual thing is to sign the car pawn or vehicle loans.
We are not going to show the characteristics of each of these loans without payroll as we have explained them in articles created expressly for them, we will only say that they are useful loans.
They are because if it is not certain that no one would process them and yet it is a credit that is always in demand among the population.
In loans without payroll, income is taken into account
Despite the fact that in loans without payroll it is said that income is not taken into account, this is not true either.
The finance company has to take into account the income that the person may have (even if they are not declared) in order to analyze the risk of the operation.
If a person does not generate any income at the end of each month, how will he be able to face a loan payment?
It is these things that finance companies when analyzing their operations will have to take into account when signing credits without payroll.