Credit for temporary workers – different providers

More than 200 domestic and foreign banks are authorized in Germany. Most of them include private installment loans in their product range. Although the conditions for granting an installment loan are almost identical across the industry, the conditions vary greatly from provider to provider. A comparison of the different providers can save the borrower larger amounts of money.

What are the conditions for a temporary worker loan?

What are the conditions for a temporary worker loan?

Temporary workers generally belong to a group of consumers who find it difficult to get a personal loan. However, it is not impossible to get a loan for temporary workers. The approval depends on several factors. An important point is the information from Credit Bureau, where more than three quarters of all German citizens are recorded. Not only current financial liabilities are registered, but also payment behavior. For example, paying bills late and after several reminders can result in a negative entry at Credit Bureau. Conversely, if the Credit Bureau information is positive, the chances of approval of the loan request increase significantly.

The type of employment is also important. To approve a loan, it should be open-ended and have been with the same employer for a minimum period of one year. It is of secondary importance whether the employer is a temporary employment agency or another employer. The amount of income is also decisive for the approval of a loan. This is an expression of the borrower’s creditworthiness (solvency). As a rule of thumb, a monthly income of around 900 dollars is the minimum requirement to apply for a loan for temporary workers.

What are the alternatives?

What are the alternatives?

If the applicant offers collateral, the chances of the loan being approved increase considerably. Banks accept shares, securities, insurance policies, real estate, certified precious metals or antiques as collateral. The value of the collateral must be greater than the loan amount. Another alternative is a guarantee. The applicant for a loan for temporary workers finds a third person who signs the loan application. If the applicant is no longer able to pay the installments due, the guarantor takes over. The guarantor must meet the minimum requirements for the granting of a loan.

What Are Consumer Loans

Become a Customer Journey Expert (m / f) product strategy for consumer loans in Frankfurt. Consumer credit remains an important source of income for most banks. Years of experience with consumer credit.

Investigation: consumer credit The Market Guardians

Investigation: consumer credit The Market Guardians

At the end of 2017, the Market Guardian Finance institute of the Consumer Center Saxony, responsible for banking services and consumer credit, conducted a survey on the use of credit by German consumers. Different types of consumer credit should be considered in order to examine consumer experience and the conspicuous problems. The representative online survey of market observation experts shows that around two thirds of internet surfers have used at least one type of consumer credit in the past five years.

The current account overdrafts of the current account, which are mostly cost-intensive in practice, with 29% and the credit limit of the card with 26% are the most frequently used types of credit in Germany. All results and backgrounds are explained in detail in the report. Consumer credit survey method profile: Collection of an online panel using a standardized questionnaire. Sample size: n = 1,055, sample description: Substitute sample for German-speaking web users aged 18 and over.

consumer credit

consumer credit

The following overview shows our consumer credit exposure, consumer loans that are at least 90 days past due, and the net credit costs. The portion of the information about loans that are 90 days or more past due and the net cost of credit is expressed as a percentage of the total exposure. Consumer credit exposure in Germany: The total volume of our consumer credit exposure rose in 2008 compared to the previous year by $ 4.1 billion (5%).

This increase results from an expansion of our international portfolio (by 3.5 billion dollars) with strong growth in Italy (1.5 billion dollars), Poland (1.0 billion dollars) and Spain (611 million dollars) as well as domestically ( 635 million dollars). The percentage of net financing costs in total exposure increased in relation to 2007, reflecting our expansion strategy for higher-margin consumer credit business and the deteriorating credit conditions in Spain.

The increase in net financing costs in Germany is due to consumer financing and was only partially offset by a decrease in the proportion of real estate financing. Abroad, the decline in net financing costs was primarily due to the outside economic crisis in Spain, which weakened there on our loan portfolio and on our business with private finance in Italy and Poland.

The increase in the proportion of loans from overdue loans outside of Germany results primarily from our real estate financing in Spain.

Credit for dental bill – ongoing insurance

When financing crowns, bridges and implants, there are three very different financing options, which differ in terms of term, costs and contracting parties. Of course, you can also pay the dentist’s bill as normal from current income or with the overdraft facility, but the latter causes comparatively high costs. Therefore, read more about loans to be granted once or an ongoing insurance contract, the so-called dental supplementary insurance.

Comparatively new: the financing mediated by the dentist

Comparatively new: the financing mediated by the dentist

If you want to take out a loan for a dentist’s bill, you usually only think of classic bank financing. However, many dentists offer the possibility to finance the additional payments after they have been arranged through a billing partner or his bank! This billing service provider, who otherwise only bills the portion of the cash benefits and sends you an invoice for the remaining amount on behalf of the dentist, also takes care of the financing after the patient’s credit application. The advantage is treatment and financing almost from a single source.

The classic installment loan as financing

The classic installment loan as financing

Thanks to the introduction of Internet comparisons and the computer-aided calculation of loan offers, smaller amounts of credit from many providers of $ 1,000 or 1,500 are now possible. This means that there is nothing standing in the way of financing the dentist’s bill through a normal bank loan. The interest rate is then calculated as for any other use and the loan amount is transferred to the borrower. However, we recommend that the terms should be as short as possible, because you want to pay off a loan with a longer term for something more pleasant than the dentist’s bill! A disadvantage of this loan for dentist bills could be the long-term business relationship between dentist and billing service provider, which may not motivate you at the best possible interest rate.

Indirect financing: reduction of the additional payment

Indirect financing: reduction of the additional payment

Over the years, the scope of statutory health insurance benefits has been reduced as part of the privatization of risks. This can make dentures really expensive, especially if you want to opt for high-quality dentures. The additional payments for a filling can be in the three-digit range, crowns and implants often add up to four-digit amounts. If you do not want to finance every single denture yourself, you can minimize your own additional payments in the long term through dental insurance. He pays a fixed monthly contribution for each dentist’s bill after a waiting period in the future, so that this monthly and staggered monthly contribution replaces the credit for dentist’s bill.