A loan for mothers on parental leave is almost always a legitimate loan request. The youngsters turn their usual life upside down. Many purchases that were postponed later during pregnancy suddenly become urgent. The wish list ranges from strollers to the furnishing of the children’s room to car loans.
Loan for mothers on parental leave – a humanely justified loan request
From a human perspective, there is a lot to be said for applying for a maternity loan. Maternity turns even the briskest “disco sweeper” into a responsible person. Mothers make their buying decisions, consciously, carefully and practically. The living situation has changed fundamentally through the offspring. Instead of the new cell phone, the furnishing of the children’s room is now important. The older little city runabout, which fits in every parking space, is also targeted by the young mother. The generously equipped stroller, which offers space for shopping and baby supplies, does not fit in the trunk.
The series of good reasons for a particularly high investment need can be continued indefinitely. Credit department clerks rarely hear unreasonable credit requests. Nevertheless, the loan is not easy to grant during parental leave. Only the income of the working partner can lead to creditworthiness. Parental allowance or child benefit must be excluded from the income assessment. They are part of the social benefits of the state and do not constitute attachable income.
Loan experience new credit limits during parental leave
Commercial credit business follows clear rules. Credit is given to those who can safely repay it and who can also be attached. It is precisely with the attachment limits that the credit problems for loans for mothers on parental leave start. Family income is significantly reduced. Only the income of the working spouse remains. Unfortunately, this limitation is not enough.
Due to the offspring and motherhood, two dependent persons must now be taken into account. It is no longer the income of the earner, his salary becomes family income. The garnishment protection limit for income soars from $ 1,049.99 net to $ 1,659.99 net. A loan can only be approved under its own power well above this new garnishment protection limit. Existing payment obligations and long-term contracts, such as the mobile phone contract, must be added to the tax-free allowance.
About a third of all family incomes barely reach this limit.
Overcoming the credit barrier to parental leave
The most important wishes can be financed even under difficult conditions. Within the usual funding channels, it is possible to ask a solvent guarantor for help. When the guarantor enters into credit liability, the creditworthiness gap is closed. The guarantor is liable for the loan in the event of repayment problems.
Another way to get a small loan for mothers on parental leave without a guarantor is the personal loan. Private lenders are not bound by lending rules. You can meet the human-understandable loan request without additional protection.
Nevertheless, the time after the parental allowance should be considered when it comes to the rate. Many mothers do not go back to work. This further reduces income.