Are you looking for a loan with the 400 USD job? The contribution deals with the credit options available for mini-jobbers and what to look out for.
Credit with a 400 USD job – good conditions
Anyone looking for a loan with the 400 USD job does not necessarily have to show the part-time job as a source of income. The income gap in Germany continues to spread. Therefore, many workers have started to go to work quickly after work.
Doing a 400 USD job alongside your main job is not an easy task, but it’s worth it at the end of the month. If you work so hard, you can pay your bills at the end of the month, despite the small incomes in Germany. He also creates additional financing scope for personal wishes.
Of course, only a part-time job that has been in existence for more than six months is recognized for borrowing. In addition, employment must be proven through a valid employment contract or an income statement. In these circumstances, the secondary earnings are added to the main income and count as income.
Both incomes now only have to be above the seizure allowance, then credit facilities are available at all credit institutions.
The offers of the online direct banks are particularly cheap. The easiest way to get the cheapest loan with a 400 USD job – as additional income, is to compare the loans.
Credit request only with the 400 USD job – difficult credit requirements
If you only have the income from the 400 USD job, you have problems getting a freely available installment loan. With such a low income, the seizure allowance becomes an insurmountable credit hurdle. In this case, the easiest way to obtain a mini job is through a solvent guarantor or co-applicant.
In this case, the guarantor assumes credit liability. If there are no repayment difficulties, there are no inconveniences for the guarantor. In the event of repayment problems, however, he will be held liable.
Very small installment loans can also come from mail order companies or department stores. These loans are given against the background of sales promotion. Often only the age of majority, clean school and proof of income are required. The amount of income should, however, be in good relation to the desired loan amount.
Additional credit options with the 400 USD job
If the income is not paid out in cash but transferred to the checking account, this creates a credit opportunity. Many credit institutions reward regular income by granting a small overdraft facility. Depending on which bank the current account is held with, about one month’s income can be expected as a overdraft facility.
If you are lucky, you can also apply for a credit card. A real credit card always has a credit line. However, this loan with the 400 USD job is not necessarily recommended. Usually only credit card providers with very high annual fees accept people with a low income. Anyone who decides to do so can expect a credit line of between USD 500 and USD 1,000 on their credit card.