Obtaining loans for protesters and newly hired payers in the world of work is not at all a simple operation, for a number of reasons: normally those who have just entered the world of work and have never been surveyed by the financial market need a guarantor to obtain a capital, all the more so if the difficulties are increased if there have been negative reports of various kinds of errors on the IT registers. However, some possibility of having a capital exists, and in this guide we will explain how newly hired protesters in a company can apply for loans, which types of contracts help to obtain the green light for the loan application, and any alternatives to be taken into consideration in case of refusal.
New hires: what kind of contract?
How we anticipated obtaining a loan when you have just entered the world of work is never easy or obvious: we can distinguish three types of applicants, those who have recently been hired by a company and are good payers in their past, those who do not it is surveyed because it has never addressed a financial institution, and those who are newly hired but in the past have had various problems and problems, for which it was registered in the end-to-end knowledge company or in the other archives consulted by the operators of the credit circuit. Before seeing in detail how loans for protesters and new hired payers work, let us try to understand what type of contract the applicant needs to hope for access to credit. We can obtain credit in all three school cases in the presence of a permanent or specific contract, and in particular we will have:
- For a worker with a fixed-term contract, regardless of length of service, the presence of a guarantor will be required, a second signature that approves his request for funding as it is required. For good payers there is the possibility of obtaining a salary assignment for amortization equal to the duration of the contract
- For a worker with a permanent contract the guarantor is not always required, and seniority can play a decisive role in the acceptance and disbursement of the loan
Loans to newly hired bad payers, how to get them?
For an employee, reported as a protestor or bad payer, the only realistic credit solution proposed by credit institutions and financial companies is the assignment of the fifth or the delegation of payment, in any case a loan that provides for the direct deduction on the salary of the monthly repayment installment of the debt, for which it is the employer himself that provides to repay the capital plus the interest to the financial, through a deduction on the net that cannot exceed 20 per cent of the total salary received from the worker, hence the name transfer of the fifth.
A recently hired worker with a previous protestor or bad payer indefinitely is indispensable : if you have a fixed-term contract or expects it to be transformed into a permanent contract, or must necessarily opt for a guarantor, but the outcome of the loan application is not at all obvious.
New hires for an indefinite period: the conditions to be met
In the general difficulty of accessing credit, those who have a permanent employment contract have the highest chances of having a loan given to protesters and new hired payers through the sale of the fifth. However, there are minimum requirements to be met, namely:
- Seniority in employment
- Type of company
To make practical examples, to obtain a loan at least 6 months of seniority are required for an employee of a Spa, Srl, or Cooperative with at least 16 employees, who become 24 months for Sasturn or Spc employees, while they are enough even just 3 months for public and state employees. To sum up, for newly hired employees of private companies of indefinite duration, the conditions necessary to have a loan even from bad payers are:
- Minimum intake 6 months
- Permanent contract
- Company name Srl, Spa, Cooperatives with a minimum of 16 employees
- Employee severance indemnity provision in a company fund
Those who have apprenticeship contracts or severance pay in payroll are excluded. Very important: the 6-month contract seniority refers to the date of hiring in the company and not to the transformation of the contract from a determined to an indeterminate one. To give a simple example, if a worker is hired on 1 September 2018 for a fixed term, and the contract is transformed into a permanent contract on 1 December 2018, in calculating the date necessary for the loan, he may still request a loan with transfer of the fifth to starting from March 1, 2019, just 6 months after taking the company. Before contacting a financial company it is good to have clarity on the nature of your contract, and if you are certain that it will be transformed from a determined to an undetermined one before the 6 months required for the loan request, you can apply without problems.
The guarantee of the working past
Being a new employee in a company does not only mean being young at first job, but also people with a different working background as soon as they are placed in a new company, and it is also the most probable condition when we talk about loan applicants for bad payers new hires : in this case, the previous work experience or activity can act as guarantor for an applicant. If, in fact, before the job you were employed by another company and you had a certain length of service, the loan request becomes more feasible for a financial company, which could grant the loan more easily, even in the presence of past mistakes. Clearly the historian in the databases consulted by the credit institutions always influences the outcome of a question: the experts’ suggestion is not to ask for excessively high figures if one does not appear as good payers, or at the most ask for the support of a guarantor with a impeccable creditworthiness if larger sums are required. It should not be forgotten that the outcome of a loan application is never taken for granted, so that before the same practice a company could accept it and another body instead reject the funding.
The possible alternative: the loan changed
For those seeking loans to bad payers and newly hired protesters but cannot obtain them for the contractual problems outlined so far, they can opt for a loan with bills, a type of non-finalized loan repayable through the payment of bills of exchange with fixed deadlines and constant amount. The bills are credit instruments that allow the creditor in the event of non-payment to proceed with the attachment of the debtor’s assets, and it is the greatest risk faced by the newly hired protestant who does not honor the agreed bills, in addition to the cost disadvantage higher than a normal loan.
But the positive aspects are not lacking: the great advantage of the loan changes, as well as being paid quickly, without the obligation of a current account, requiring even high amounts up to 50,000 euros, is that they can be requested by practically anyone. Access to credit with bills of exchange is in fact less restrictive, and includes:
- Employees employees
- Bad payers
- Unemployed with guarantor
- New hires
Those who turn to companies that provide loans with promissory notes generally are those who have no other opportunity to obtain a capital, so they run the risk inherent in the ease of attachment of the creditor in order to have the necessary amount of money. Newly hired protesters who have no other funding options can therefore find credit in such a way, but however trivial it seems to us correct to suggest to anyone who decides to take out a loan with bills to be absolutely certain of being able to honor all the bills, so as not to find themselves in a financial situation worse than the original one.