Bank offers credit with 3 children.
Are you looking for credit with 3 children? Would you like to benefit from low key interest rates, afford yourself and your family something, but credit barriers and problems are piling up?
It is difficult to prove creditworthiness in three or more children, even without having noticed negative ones. With our current loan offers and information, we help ensure that you can not only dream of buying something, but also get credit opportunities.
The focus is on the installment loan for families with three children and the compensation of short-term liquidity bottlenecks when the overdraft facility is insufficient.
Credit with 3 children – credit opportunities over time?
The desire for an uncomplicated loan with 3 children can be difficult at all levels. The desired range of financing for families with children ranges from house building to credit for the electricity bill. With a child or two children, it is “relatively” easy to implement loans. Credit institutions refuse to approve credit with three children.
That was not the case 20 years ago. State-sponsored loans were designed specifically for families. Municipalities sold properties at a reduced price and thus provided the basis for creditworthiness for building construction. Homeowner allowance helped with the repayment and for installment loans the way to the house bank was enough. The political will to support “normal” families with children and the currency have changed.
Interest rates have fallen since the start of the USD crisis, but at the same time the requirements for lending have increased significantly. High garnishment exemptions, low net wages and clammy public funds speak against the loan with 3 children. Achievements that actually helped families to own homes were abolished.
Credit approval with 3 children – good income is not enough
Employees who find around 2,000 USD net in the wage bag earn on average to good. Gross wages have risen every year. But the cold tax progression ensures that employers could practically transfer the wage increase directly to the state. The garnishment-free allowances have risen unaffected by minimal real wage increases.
The fact that a large part of the income is not attachable ensures that debtors do not run into difficulties in the event of payment difficulties. Regular credit with 3 children, however, requires that the seizure exemption limit be exceeded from net income – without child benefit or child-raising allowance. This means that 4 dependent persons are dependent on the salary of one earner.
As the current attachment table shows, up to an income of 2,159.99 net, the family income is non-attachable. Additional income cannot be seized indefinitely either. If net income of $ 2,169.99 were earned, creditors would actually only be able to pledge $ 1.29 of the $ 10 attachable salary. This is not enough for real credit security, as banks have to strive for in accordance with the legal framework.
Way out – regular loan despite 3 children
Countless households are affected by the situation of being poor despite a full-time job. On average, at least 25 percent of all households with three or more children count as poor. The majority of regular credit institutions can only be expected to receive installment loans if a solvent guarantor secures the loan. It would be different with disposition. Banks also grant short-term loans without additional protection.
Alternatively, the life insurance or the vehicle letter of the paid vehicle could prove the regular installment loan as “safe”. However, credit institutions are now reacting slowly to life insurance for old-age provision. After an amendment to the law, capital-forming life insurance policies are largely attachable. Trade offers good alternatives for a loan with 3 children.
Simple installment credit without guarantor is possible for borrowers with a clean Credit bureau if they finance purchases directly through providers. Regular purchases on account, proof of good Credit bureau and income are usually sufficient for promotional loans. Only first-time mail order customers lack the good purchasing history.
Families in need – quick loan assistance
Once the overdraft facility has been exhausted and the next salary payment is still far, no family with children can simply reduce the costs. Electricity and water bills have to wait first when money is running out. Credit institutions are now recognizing the problem and are offering the micro-credit with a short term as a lifeline. Loans of between 100 USD and 1,000 USD are possible without attachable income.
A short-term loan from Agreebank (USD 100 emergency call) or from Good Bank (initial application up to USD 500) “stretches” invoices to the following month. A longer bridging period of up to 90 days would be possible for existing customers. Neither impenetrability nor a bad score are insurmountable hurdles with short-term loans.
Installment loan without the bank – Realistic loan with 3 children
The market does not only offer bank loans as a financing option for loans with a difficult credit rating. Thanks to Good Finance and Best Lender, lending has revolutionized from private to private. A loan with 3 children is possible, even if the income does not exceed the attachment limit. Fear of being caught by dubious mediators is inappropriate on the portals mentioned.
The market leaders in private credit brokerage are guaranteed to be under constant media scrutiny. Scandals, as they often occur in the brokerage business, cannot be googled for Good Finance (our recommendation). Even DIW Berlin recommends the portal as a serious alternative to bank loans.
We recommend Good Finance because the loan with 3 children is not limited to private donors. The portal unites both banks and private investors under one roof.