The unemployed have to pay all fixed costs with the unemployment benefit. In addition, they have no scope, so the money is tight. The unemployed have no income, as many think. The unemployment benefit is paid by the state and is a social benefit. So it is impossible to get a loan from a bank or credit institution despite Credit bureau and unemployment.
Why is no loan granted?
A regular income is important to meet the basic requirements for a loan. A loan can only be granted if the income is high enough to cover the loan. This means that unemployed people are excluded, because those who cannot prove income cannot apply for a loan despite Credit bureau and unemployment.
This also applies if the unemployed person already has negative entries in the Credit bureau, because this automatically worsens the credit rating. Thus, the options for a loan are not available despite Credit bureau and unemployment and there is a rejection.
Can collateral help?
Banks always require collateral if the credit rating is poor. In this way, the borrower can provide a surety or deposit a life insurance as security. This will be difficult for the unemployed, because hardly anyone will agree to apply for a loan when the risk of default is so high. Few unemployed people have capital life insurance. If a loan were taken out, the employment office will be informed.
The office will then cut the unemployment benefit and the unemployed would have to live on the loan despite Credit bureau and unemployment. However, this is often not intended for a loan, so that no options are open here either. Although credit and unemployment are offered on the Internet again and again, these often come from dubious providers.
First and foremost, people rely on suffering and need. So it happens again and again that unemployed people conclude a contract on the Internet. Here, however, it is only after signing the application that it is determined that only life insurance has been taken out, but no loan application. Thus, costs for a superfluous life insurance are due, from whose contract you can hardly get out.
A reputable bank will never grant a loan if there is no job. For example, the person concerned should rather ask the family whether they can take over one or the other bill. In the best case, which is not always easy, a new job should be found as soon as possible. In this way, a financial bottleneck can be avoided. Only then can a loan be drawn because the income would cover the loan and there would be no rejection.