Getting a loan within a waiting period is extremely difficult, if not hopeless. Accompanying the waiting period is the period in insolvency proceedings in which there is hardly any question of a good income.
Although all debts accumulated so far are at rest, they are always visible through a credit check with the private credit. For German authorities or financial institutions, the private credit interrogation is a routine task that can be decisive in the allocation of funds. Thus, it is extremely difficult for unemployed to get funding, but the search should not give up prematurely. Because with simple tricks and solutions can be purchased during the waiting period, a loan, but you have to accept concessions depending on the loan amount but also in purchasing.
Lenders from abroad
A loan during parental leave is most likely to be obtained from abroad. The criteria of lending are much easier with foreign lenders, so that a private creditabfrage is usually completely omitted. You can easily get a loan without private credit via Switzerland, whereby one can also speak of a so-called Swiss loan. The credit during parental leave has the immense advantage that one does not know the private credit outside of Germany and thus no query takes place.
So the lender has no idea of financial bottlenecks in the past and instead thinks to see if any repayment is even possible. The income within an unemployment can be quite enough to get a mini loan during parental leave.
However, before signing a loan agreement, you should take a closer look at the conditions. In fact, the lack of money in unemployment often means that you accept usurious interest rates, without paying attention to the extent to which the subsequent repayment value moves. If the interest rate is almost as high as the actual credit line, you should quickly keep your hands off it. The same is true of many credit intermediaries. Anyone who promises a secure loan during parental leave and ask for a commission in advance, are dubious and not recommended.
With guarantor to the desired loan amount
Even if you can prove a good unemployment benefit, so the loan is very difficult during parental leave. A worthwhile alternative here can be a guarantor. This will be included in the loan agreement with the actual borrower and will be held liable if you are in arrears with the repayment installments. However, the guarantor needs a pure private credit as well as a permanent income over which, in case of doubt, the outstanding installments can be paid off.
In order for the guarantor to be sure that he is not paying for a loan he did not receive, a legally binding contract should be concluded between the guarantor and the borrower. It regulates how the guarantor behaves towards the borrower and vice versa, if the guarantor actually has to pay off the loan. If such a contract does not exist, the guarantor can not assert any claims against the borrower. So you should first think carefully about whether to enter as a guarantor in a loan agreement, no matter whether it is long-standing friendships or family members.
The personal loan as a lucrative alternative
There are numerous providers on the Internet who promise private credit. On any Internet portals you have to go through a short registration before you seem to get closer to the loan during maternity leave. But already fixed in the small print (AGB`s) lurks the first hurdle that hardly anyone creates. During data storage, an internal check is performed, which of course results in negative credit for a loan during parental leave. The application fails and the personal loan as a lucrative alternative moves into the distance.
The friend or family circle promises significantly more potential. Again, you can borrow money from a private individual, without having to hide his waiting period or unemployment. Closer relatives are often privy to the events and can assess the financial possibilities completely differently. But here, too, caution is advised, because with money, the friendship is known to stop. The money loan from private must be fixed in writing. A legally binding contract includes the loan amount, a previously agreed term over the loan, an irrevocable installment amount and the lending rate. Based on this data can then determine the repayment total, which is crucial for the rate and duration.