Where to look for a loan with no income? This question is often asked by people who need cash immediately. Of course, it should be clarified that we are talking here about undocumented incomes or those that will not be accepted by traditional companies from the financial industry. This group includes, among others, income from 500 plus, money transferred from parents or social benefits. With income from these sources, you can also apply for a loan.
Loans with no documented income
The above page contains a list of companies that do not require submission of documents to grant a loan and are known to accept unconventional sources of income. Of course, it should be borne in mind that reaching for an online loan is not the best solution in the event of an uncertain financial situation. It is worth remembering because it can save many problems in the future.
Payday loans for unemployed – which company to choose?
There are many companies in our ranking, so it is worth taking a careful approach to issues related to choosing the right lender. By far the most important point to follow is the cost of the loan. Currently, over 85% of lenders grant the first payday loan for free. So let’s take this opportunity and use this promotion in every company. Thanks to this, you can save up to several hundred dollars. In the event that we have used this opportunity, it is worth choosing the company that provides loans at the lowest percentage. At the moment it is Vivus, Wonga and NetCredit. It would be wise to initially submit applications to these companies. You can read more about this in the article “Loans for the unemployed”.
Another thing is the speed of withdrawal. If we talk about payday loans online, as with loans for free, most companies guarantee payment in 15 minutes. However, you need to take into account the fact that not all companies have accounts in the same bank as the customer. In the case of interbank transfers, the loan may be extended by up to several hours. Therefore, it is worth checking whether a given company has an account in one bank or whether it uses a system of quick transfers, e.g. BlueCash or regular express transfers.
Are loans without income a good option?
Of course, the answer to this question is “it depends.” Because it is known that universal advice cannot be given to everyone. It will probably not be a surprise if we write that having no source of income, it will be difficult to pay back the loan. After all, the amount we will receive will have to be repaid, usually with interest. Online loans offer great opportunities for everyone, but the key is to skillfully use these opportunities. Companies do not require certificates from their clients, detailed information about themselves, or other things that were unthinkable just a few years ago. By submitting the application, the customer receives a decision within 15 minutes, and the money immediately goes to the bank account. It happens that the ease of this process causes some trouble. So let’s use the advantages of the current financial market wisely.
Loans for the unemployed and employed in black?
In the absence of any income, the problem may be to settle even the simplest things, such as a new phone contract or taking something small in installments. Most often, however, people who do not show income do not have it only on paper. It is true that everyone within a month must raise a certain amount of cash to get something to “put something in the pot”. Most often, therefore, the lack of documented income is simply black work. This solution has many disadvantages and the employed person mainly suffers from it. First, in the absence of any documents, the problem may be to recover from the employer the payment of any remuneration to the employee. Its amount is not predetermined, so whether or not an employee gets paid depends on the boss’s humor. Another issue is the lack of contributions for health insurance and ZUS. Obtaining payday pay for black workers can also be very difficult, despite the fact that they would be able to pay it back.
For many people, retirement seems to be something distant, but usually this time is faster than expected. And at the age of 65 you don’t have so much energy to work and the desire to rest is increasing. Even if you do not intend to benefit from a state pension, health insurance seems to be basic so you don’t have to pay dearly for every doctor visit. In fact, the only thing that motivates an employee is a slightly higher rate. The employer, in the case of employing a person even on a commission or work contract, must pay approximately 25% of salary for taxes and insurance. However, if they “get along” with the employee, they can pay him more without signing any contract. Unfortunately, although apparently the employee benefits from it in the form of a slightly higher rate, the risk and costs are much higher at a later time.