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Loans and loans for temporary workers

 

Loans and personal loans to temporary workers:

Loans and personal loans to temporary workers:

What are we referring to? That of workers who have a fixed-term employment contract is part of the huge strand of the world of precariousness which, in truth, we have already partially dealt with, for example, with regard to loans for temporary workers. The phenomenon is so vast that, in mid-2019, think that 14% of all workers have fixed-term contracts and, even, the percentage rises to 50% if we consider young people, i.e. the range of workers between 15 and 25 years (data source: Istat).

Even the forecasts are not rosy: in the next few years we will witness a real boom in fixed-term employment contracts. If this is the reality, the question is: do I have a fixed-term contract can I apply for a loan?

Fixed-term payroll financing:

Fixed-term payroll financing:

What are they? Before mentioning them, allow us an observation! The real question, this being the case, should be another: given that fixed-term or fixed-term work will continue to increase, what does the banking system intend to do to adapt to this new form of the labor market? The answer must necessarily be given in the first place by the political system in concert with the banking and insurance system.

For now, we can only tell you what they are and with what limits, today, by 2020, worker loans are disbursed to fixed term. Let’s start by answering the above question (I have a contract.. I can apply for a loan): of course! Who should I ask? A: we will not indicate any bank or financial institution in particular, since, under certain conditions, everyone does it but with a large limit beyond which the fixed-term worker has need, that is, it must present additional guarantees.

Small loans contract determined:

Small loans contract determined:

We have used the adjective in the plural of ” small “, as in this period the loan to a fixed-term worker is literally “relegated” to the small loans: in practice, the duration of the financing that they can grant to a temporary worker determined CANNOT exceed the duration of the employment contract. This is, at the same time, the real limit as well as the problem of a direct loan to those who have a fixed-term employment contract! Think, for example, of loans with a 6-month contract: well, what kind of sum can I receive if I have to repay it in 6 months? The antiphon happens.

Things will be better if you have at least a two-year contract. What to do in these cases, that is, how to get more funding both in terms of amount and repayment time? Well, unfortunately the easiest solution is that of the guarantor: only his presence guarantees the disbursement of normal fixed-term worker loans. What if the guarantor is missing?

Loans with fixed-term contract without guarantor:

Loans with fixed-term contract without guarantor:

Let’s see what are some alternative guarantees and which to be faced in the absence of a third guarantor! The first of these guarantees, which can be used if you have movable or immovable property, even from third parties, is mortgage financing, that is, allowing, authorizing the registration of a mortgage on a house, land, garage etc. The same applies to the mortgage registration on a movable asset (e.g. motor vehicles) which, where it is not susceptible to mortgage registration, can be given as a pledge.

Another way to go for obtaining personal loans to temporary workers is that of the foreign exchange loan which however is not dealt with by any credit institution. NB: unlike the guarantor, the other proposed solutions are not within reach of all banks and financial institutions. For this reason, where it is useful, we indicate a resource from which you will find who grants these forms of credit on loans with bills and who grants them in 2020

Categories: Loans

Aaron Givens