To get a loan despite garnishment is not excluded. In such a situation, the banks based in Germany offer, however, hardly possible solutions. Usually, the salary certificate is requested for the granting of the loan. On this the garnishment is evident, according to the usual German procurement rules, the loan thus virtually impossible. Nevertheless, there are alternatives that promise the prospect of success in lending.

The loan despite garnishment as a small loan.

The loan despite garnishment as a small loan.

If the loan, despite the seizure of a loan, is a short-term small boost in liquidity, then the loan is a good solution for the circle of friends. A bridge to the next payday, which can usually afford friends and relatives. A bridging help from the circle of friends is interest-free. Also, it is usually easy to get without any bureaucracy. Nevertheless, nobody should “forget” the repayment of such assistance. The disappointment of not getting the money back can destroy a friendship.

Less personally and equally easy to get the loan, despite garnishment, in the pawn shop. The walk to the pawnbroker is also worthwhile when it comes to a small bridging loan. The formalities are also easy with this form of credit. A pledge, such as a notebook or gold jewelry, is offered to the pawnbroker for security. The pawnbroker evaluates the security and offers a possible loan amount for it. Only the value of the pledge is the security of the loan. Personal information about the income situation nobody has to give. If one agrees with the loan amount, then the contract is to sign and the money is paid in cash.

For larger loan needs expert help is indispensable.

For larger loan needs expert help is indispensable.

Credit intermediaries can also help with a loan despite garnishment. As experts in credit brokerage, they know all the possibilities of the lending business. They maintain contacts with foreign financial institutions and mediate the so-called loans. Credit institutions around the world have different lending rules. Good credit intermediaries know these rules and can really help with their contacts. There is also a solution for almost every special case.

For some loans, the credit check and also largely the liquidity test can be dispensed with. It is important only to be able to prove that the loan can really be repaid. Provided with a risk premium, a loan approval can also be made in the case of garnishment. Often it already helps to name a guarantor or co-applicant. The income of a co-applicant can thus prove the necessary repayment ability.

Private investors as a last resort.

Private investors as a last resort.

In very problematic cases usually only helps a risk-seeking private investor. To find him, this is both by credit intermediaries, but also for some time on the Internet. On a special platform, the loan seeker hires his loan application. Private investors can now make an offer if they are interested in lending. The conditions and also the credit sums are almost freely negotiable. In general, the higher the risk for the lender, the higher the actual cost of the loan.

One should keep in mind with every credit that this must be repaid. Especially people who are already in financial difficulties, have to be especially careful not to get into the debt trap. Wanting to apply for a loan despite garnishment, at least points to financial difficulties. Special care is therefore required in the case of credit, in spite of the garnishment of wages.

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