With an income of 1000 euros, one generally counts among the banks and savings banks as low-income earners. Even if you have to stretch this income might powerful to achieve it at all. However, the fact is that it is below the garnishee allowance and very often is not enough to properly cover all expenses that are incurred each month.
If you are looking for a payday loan with 1000 Euro income, you will notice quite quickly that it is not that easy to find suitable offers. Although there is advertising here and there, which suggests a payday loan even if the income is not particularly high. However, if you question these offers once and you look a bit more intense, then you quickly realize that these are usually dubious or very overpriced. And you really want both.
Therefore, we have looked at the circumstances under which a serious payday loan with 1000 Euro income can be taken. We have collected and processed our insights at this point once.
Why the income in borrowing is so important
If you borrow money, then you will eventually have to repay this money. It does not matter whether you lend it to a bank, a dealer or a good friend. The fact is, borrowing is not giving and the things borrowed have to be returned someday.
With a payday loan this is not different. If you borrow money from a bank, then you want it back. To this end, the bank will arrange a installment payment with you to keep the burden of repayment as low as possible for you. Despite all this, you have to spend a certain amount of money each month to settle your debt to the bank.
In order for you to be able to take this money into your own hands, it is important that this is also available. And that’s exactly where your income comes into play. Because only if you receive a reasonably high income, you also have money available, which you can plan individually. Part of the money will flow into firm commitments such as rent, electricity or telephone and board. You can have flexible access to the other part.
If you want to take out a payday loan with 1000 Euro income, you will quickly realize that of the 1000 Euro there is no or very little money left for a flexible use. Therefore, the banks and savings banks in our beautiful country are not willing to give you a payday loan under these conditions.
Nevertheless, you do not have to give up hope for a payday loan with 1000 Euro income. Because with a little support or a different approach, you get a payday loan.
Find a partner
Our first tip relates to taking out the payday loan with the help of a second borrower. If you have a partner by your side who can help you with credit and who has a good income, you will realize that banks are no longer so skeptical about lending. Because then not only your economic circumstances will be included in the calculations around the payday loan with 1000 Euro income, but also those of your credit partner. If the joint income suffices for borrowing, then nothing should stand in the way of admission.
It’s even easier if you choose a consumer payday loan. So a payday loan that you do not record at the bank, but at a dealer. For example, if you want to buy a new TV and do not want to pay in cash, but want to finance it, you can do so directly through the dealer. This will offer you a financing that will last for several months and, just like a installment payday loan, offers consistently high rates.
The special thing about a consumer credit is the fact that you do not have to provide proof of income and that your income of 1000 euros is sufficient for the recording. For a consumer payday loan is not the income, but also all other income in the focus of interest. On top of that, you only have to spend 450 euros a month to get the payday loan. And you would have achieved this in any case with your 1000 Euro income easily.