Low earners are already penalized enough for having so little money at their disposal each month. The situation is exacerbated when they urgently need money for repairs or other things. The bank employee then only shakes his head sympathetically when requesting a loan.
The banks have requirements for lending, which they mostly follow. This also includes the appropriate amount of the customer’s monthly receipt of money so that the customer receives a loan. This requirement is missing for a low earner.
Lightning credit for low earners
If you are a low-income earner, you don’t even have to be unemployed. Unfortunately there are occupational groups in which people are fed starvation wages. Unskilled workers are particularly affected. Nevertheless, they also have to make a living, even if money is often scarce. To grant such a loan to a person is a little negligent, because here the anger is already inevitable. But there are also ways to responsibly lend money to a low-income earner. Ultimately, it depends on the amount needed.
Many banks grant a loan from as little as $ 1,000. If you now choose a long term, you pay longer, but you may be able to afford the monthly installments. Many of these low earners can overdraw their checking accounts within their salary levels. Before there are long discussions with the bank advisor, it is worth taking advantage of them if the overdraft facility is sufficient. This is the quickest way to get a lightning bolt for low earners.
Anyone who already has negative Credit Bureau entries will not receive a lightning credit for low-income earners in Germany. However, the situation is different with Swiss credit. The banks that grant this loan are actually based in Switzerland. Hence the name. They are not affiliated with Credit Bureau and do not report a loan to this organization. However, the borrower must not be unemployed or self-employed. There are special intermediaries in Germany who establish contact between the loan seeker and the bank in Switzerland. However, it is not possible to speak of a lightning credit for low-wage earners, since the procedure takes several days.