How to get finance for students unemployed

by Rance Willi Content Genrator

Getting a loan for the unemployed does not necessarily require going to a bank. They are generally reluctant to make a loan or credit to the unemployed, when it is often the latter who need it most . An alternative exists: the loan between individuals .

In France, Younited Credit (ex Loan) is the only peer-to-peer loan site to be approved by the prudential supervisory authority . This banking authorization provides security for the transactions carried out. This online platform puts people in need of funds in touch with investors. Its business model is therefore based on the collaborative economy .

To take out a loan between individuals in complete safety, observe the following instructions:

the credit must be strictly supervised, in the interest of both parties: draw up a contract;
flee classified ads and credit proposals in comments in the forums (scam guaranteed);
only go through certified platforms like that of Younited Credit;
even between individuals, the borrowing profile is important : take care of your file as much as if it were a bank;
even if it is optional, take out borrower insurance

Microcredit

The microcredit is in a loan intended for people excluded from traditional bank credit . Namely the recipients of minimum social benefits, people with low incomes, and, in our case, the unemployed . Students are a special case, because even if they have little or no income, student loans allow their parents to vouch for themselves.

That being said, microcredit is available even if you are not the cases mentioned above. You can borrow between 300 and 3,000 € , to be reimbursed over a period of 6 months to 3 months . This financing solution is accessible to all. But for unemployed people, it has several advantages:

no booking fees ;
no early redemption indemnities;
no loan interest.

There are indeed no defined income conditions , but it is necessary to apply for a microcredit by having a personal project, aimed at social or professional integration .

Personal and professional microcredit

Professional formation A distinction is made between personal microcredit, which finances training or a driving license (among other things) from professional microcredit, granted to create or develop a professional activity . Personal microcredit is often used for the purchase or repair of a vehicle (car and scooter for example), necessary for the exercise of a professional activity. You can use it for another purpose, but which is most often related to a life improvement, or a professional project. You can therefore use microcredit to finance:

a driving license
poorly reimbursed health care

The Pôle Emploi credit for the unemployed

The ADIE and job center work together to establish an unsecured loan for unemployed people which enable them to see the end of the tunnel and to reintegrate into the workforce. This micro-credit for the unemployed can also serve as auto credit for job seekers when it will allow them to find work or start a business.

Beware of "immediate credit without proof" offers

On the Internet, it's easy to give in to temptation. Especially when you are looking for credit and the websites of organizations and banks promise immediate loan offers without income proof , available within 24 hours. It is nevertheless necessary to stop at the meaning of the expression "without proof". It should not be understood " without bank receipts " but without justification for the use made of the money. "Credit" without proof "is nothing other than an unrestricted loan ( revolving credit or personal loan ). Even for small amounts, the bank must ensure your repayment capacity.

In other words, even with a so-called "no proof" loan, the bank will demand ... proof. You are free to use the capital as you see fit, but you will need to provide physical proof of your income (salary slips, bank statements, tax notices, etc.). To get your consumer credit at the best rate , it is best to wait until you get a job.