Although it is difficult to believe, loans without income can also be an option when we want to sign a loan.
In MaoriArt, as a company that knows these credits without income, as we have some on offer, we are going to write an article about them.
The first thing to know is that this financing is not common, at least outside of what are loans between individuals.
Non-income loans through private equity companies
If you want to be able to access one of these credits, it is certain that in the end you will have to go to the private financial companies that are the ones that end up signing them.
Getting loans without income in the end becomes a question of where to do the processing.
However, and even if you think that through private equity companies you can apply without any problem, this is not the case.
To begin with, because most of these fast loans can only be signed by providing guarantees for the operation.
That is why private finance companies can offer these loans, because if clients provide guarantees or endorsements, the finance company will not take into account the absence of income.
And even so, not all of them will work in this way, there will be finance companies that, when determining the approval of the operation, may pose problems due to the absence of income.
The days of being able to sign private equity loans only based on the endorsement can be said that they are over.
Increasingly, these finance companies are required to make responsible loans, not being the signing of a financing only analyzing the guarantee provided.
It is not because if later it turns out that the client could not pay the loan, he will end up unpaid.
Credits without income without endorsement Is it possible?
The financiers honestly do not think that they are very much for the work of signing loans without collateral to people who cannot justify income.
Only if clients provide guarantees or very specific loans such as loans for entrepreneurs can we see this.
For example, through p2p or Crowdlending loans, clients can get money despite not having income since the lender does so taking into account the future business of the entrepreneur.
On the contrary, the same does not happen when whoever asks for the money asks for it, not being able to justify income neither now nor in the near future.
Of course, at least at MaoriArt we do not make loans without income unless clients provide guarantees.
What can we conclude about loans without income?
We can affirm that it is only possible to obtain it for the most part through private loans which usually require guarantees.
Processing this financing when you lack income of any kind does not make sense.
Another thing is that the person does not have declared income but has another type of income.
Because a person can have demonstrable income but that these are not declared.
In these situations and as alternatives to secured loans, we could recommend some online loans such as micro loans.
Loans without income and credits when there is no payroll, pension ...