The credit after training doesn’t have to be an insurmountable credit problem. Only those who know their individual credit opportunities can take advantage of them. The article deals with the necessary information and solution options for problems.
Credit after training – starting point
The initial situation for the loan after the training is not the same for all prospective customers, even if the job is started immediately. The choice of profession already shows significant effects on the credit opportunities immediately after the training. Different credit opportunities also arise from the qualification achieved and the employment contract concluded.
People who have chosen civil service enjoy advantages. As a civil servant, planning for the future was already inevitable. But without passing the state examination, recommending itself with good results, the later takeover was by no means certain. The passed state examination and the appointment to the civil service on trial now remove any remaining doubts. The professional future is in all likelihood to be classified as safe.
In exceptional cases, the probationary period plays a role, which lasts three years for probation officers, and is not an important factor in lending. Whoever “does not steal silver spoons” or proves to be completely incapable is appointed as a civil servant for life. Under these conditions, the entire credit market is of course open. A loan comparison easily leads to low-interest loan offers. Only with very large financing requests, for example a loan for building a house, does one have to wait until the final appointment for life.
Credit options after training – work in the free economy
Some academic professions offer comparatively good credit opportunities for a post-training loan. Lawyers, for example, get full access to credit after a short period of employment, provided they do not immediately become self-employed.
Skilled workers are also given fair credit opportunities, who are immediately taken on by their training company in permanent employment. At the latest after the obligatory “trial period” of three months, the normal credit market is ready for financing requests. Special requirements, such as the request for a surety, are also not to be expected.
Difficult credit requirements after training
Young workers who are in precarious employment have problems getting a loan after completing their training. Young professionals often only find a job in temporary employment agencies or through temporary employment contracts. The prospects for credit in this life situation are very limited. The disposition can be increased a little. The prospect of an installment loan is offered by ordinary credit institutions only together with a solvent guarantor.
Department stores and mail order companies offer a fair chance of an installment loan – without guarantors. The credit requirements are mostly limited to the age of majority, a clean school and a work income. Even with a 450 USD job, the credit request can be accepted at some department stores.
Another loan option can be the loan from private donors. Investors and prospective customers use one of the large portals for private lending. If the income from work and the loan amount are in a balanced relationship, the credit opportunities for young professionals are to be assessed as fair. It is particularly important to formulate the loan request appropriately. In addition, the ability to repay the loan after training should be demonstrated beyond any doubt.