Are you on cash assistance and with a tight economy? Then you are one of many. These months there are a lot of cash assistance records and when the money fails you can get up to date with a loan.
On this page, therefore, we look more closely at making loans despite cash assistance. Is it at all realistic and what options do you have? Get an insight into your options in the overview.
It is 100% non-binding and free to apply at any company.
Loan money on cash assistance
Let it be said right away that making loans despite cash assistance is possible, but must be done with care. When you are on cash assistance, you probably have a squeezed private economy, with limited leeway. Thus, extra thought must be given to things.
Don’t expect the bank to bother to lend you money and that makes online providers your only option.
Fortunately, there are many good and open loan companies online that will be ready to help you. Here you can apply for loans ranging from USD 5,000 to 400,000 depending on your needs. You will always be met with the following requirements:
- Not in RKI
- Fixed income
- Over 18 years (in some places you must be at least 21 or 25)
The different point in the loan companies’ assessment of you, therefore, will be whether your fixed income is sufficiently large to be able to accept your application for X amount of dollar.
In this context, it is important to be aware of the following:
- The more you want to borrow, the harder it becomes to get approved.
- It is 100% free and no obligation to apply.
- Consider it carefully – the purpose behind cash assistance loans must be good!
Number of people on cash assistance
Figures for Statistics speak its clear language. There is a record amount of cash assistance these days. At the end of 2018, there were 129,000 full-year recipients of the cash assistance, and the development is fortunately moving in the right direction.
At the start of 2018, the figure of about 141,000 people was on cash assistance, so a clear decline during the year and we hope that 2019 will be able to achieve a corresponding decrease in the number of recipients.