Do you need money to finance any project? Here are the conditions to obtain a credit without proof of use.
Sometimes you need cash or finance a project that can not be supported with an assigned credit. Here are some tips to put all your chances aside in order to obtain a credit without proof or buy now pay later no credit check instant approval of use.
SOME OBLIGATIONS TO FULFILL TO OBTAIN A CREDIT WITHOUT JUSTIFICATION
This type of credit generally requires more financial guarantees than a loan allocated to a particular purchase . When you apply for a car loan , in the event of default, the lending institution can seize the property to pay for a credit without proof, the risk is greater for the lender.
Strong bank guarantees will therefore generally be required: bank and overdraft incidents are therefore viewed with disapproval. Stable incomes are also preferable and indefinite contracts (CDI) are preferred. Its rate is higher than that of a loan allocated to mitigate the risk of default.
Credit without proof does not mean without guarantee! The loan agency always needs to make sure that you will be able to pay your debt. If no proof of your need for money is required, your bank guarantees are always required. Be wary if you are offered money without asking for any documents.
WHAT KIND OF LOAN?
Loans without proof of use are, for the most part, personal loans. The revolving credit does not require proof of use. Its rate is higher than that of the personal loan . The amount borrowed and the duration of the loan (1 year) are lower than for the personal loan but they are renewable.
At the end of your credit, you can leave for a new term, be careful, this revolving credit can quickly turn into permanent credit! Its advantage is that a partial or total refund is always possible and free of charge.
HOW TO OBTAIN A LOAN WITHOUT PROOF OF USE?
Several solutions exist, all “traditional” banks offer this type of financing. Speak to your personal advisor to get started! Then go to online credit agencies and compare all unsupported loan offers for rates and costs before you decide and commit. This will allow you to choose the most advantageous and the most suitable for your situation.
Always keep in mind that you will be asked for financial data (account statements, pay statements, etc.). Once your loan is chosen, all you have to do is apply! For online credits, you will need to fill out forms and an agreement in principle is given to you very quickly. If you choose to apply in an agency, the process will be the same on site!
OBTAIN A CREDIT WITHOUT PROOF WHEN ONE IS IN FINANCIAL DIFFICULTY
In order to be able to obtain credit without proof when one is in difficulty, it is difficult to turn to the traditional banking system. The rules of banks are very strict: no fixed income, no loan. Fortunately, there are many alternatives for people in need.
Define your current situation and your needs to know where to turn
If your income is low and you want to obtain a credit without proof, it is always possible from the moment you are on a permanent contract and that your monthly payments do not represent more than a third of your regular income.
If you are unemployed or have a fixed-term employment contract, banks may not lend you money. You can in this case turn to the loan between individuals by specifying your situation.
If you are banned banking or no income, the micro loan CAF is a possible alternative but it will require in this case present a proof of purchase. To obtain a loan without proof when one is in difficulty, three solutions: the credit between individuals, the loan on pledge or the use of a charitable association.
Make a request
Credit between individuals will allow you to get a credit without proof. You can search for a creditor by consulting the sites linking potential lenders and borrowers, or enter into a credit agreement with someone you know.
The formalism remains the same as with conventional credit, the terms of the loan must be clearly explained and an acknowledgment of debts must be made . If you opt for a pawnshop, you will have to go to Crédit Municipal. This alternative to conventional bank credit is available to all and no proof is required.
The principle is simple: you deposit at the Municipal Credit an object of value. A sum of money will be given to you, proportional to the value of the property deposited in pledge. You can then recover the property once you will be able to repay the amount borrowed.
Finally, it is possible to go through charitable associations for them to serve as intermediary between the bank and you. An interlocutor will advise you, indicate solutions that are possible according to your request and submit your request to a bank.