There are employees who are only needed for seasonal events. The best example is Christmas sales. The companies hire temporary help weeks in advance to cope with the rush for the Christmas business.
After that, most of these workers will be unemployed again, because companies usually do not take on temporary help. It is positive for those affected to finally have work again, but this job also has disadvantages. A temporary job has a particularly negative impact on financial matters, because there is rarely a loan for temporary workers.
Co-applicant can still be used
If a loan for temporary help is refused due to the situation described above, a co-applicant can still be used. Its salary is then counted as income. But for him the risk is very big, because it is nothing more than a guarantee. If the borrower does not pay his installments, the co-applicant must step in. The situation is different if the spouse appears as a co-applicant. In this case, both partners are the borrowers anyway and must also pay for the loan together.
If the temporary job takes longer
The longer a temporary job lasts, the more promising a loan request is. In addition to seasonal employment contracts, companies also hire long-term help if the order situation is good. Sometimes even two-year contracts are possible. A loan for temporary help can also be approved under these conditions. However, the Credit bureau must be positive and the loan must be paid off within this employment relationship.
Large sums of money should not be expected, but to cover a small financial shortage, a small loan for temporary help may well be possible. That varies from bank to bank. Basically, it must be mentioned here that a Lite lender loan for temporary workers is not possible in this case. The reason is simple. A Lite lender loan is rejected by the banks with a temporary employment contract.