Those who are in debt and for whom part of their wages have already been seized only have the amount of money that they actually need for everyday life. Therefore, larger purchases are not possible for these people because you do not have the money. Nevertheless, it can happen that you have to buy something bigger in this situation, too, because a device has broken, for example.
In these situations, you usually only have to go to the bank to apply for a loan. Unfortunately, applicants whose wages are seized do not get a loan from a bank and are therefore dependent on alternatives. In the following, you will find out what your chances of getting a loan despite the attachment are and what you can do.
Are there loans despite attachment?
Anyone who is currently in an active garnishment of garnishment and needs money is faced with a problem, as banks rarely issue loans despite the garnishment. It is an advantage if you can show a surety or other collateral such as life insurance in this situation. Proof of wages or salaries are not useful in these situations because they are largely attached. Only direct banks are often willing to lend despite attachment.
Anyone who has found a guarantor has good cards and will usually also get a loan from his house bank. Nevertheless, the conditions on the Internet are usually even better. Here you can easily and easily fill out your loan application online and have a good chance of getting a loan despite the garnishment. Here you can save time and your application is often approved.
What else should you know about this topic?
The loan despite the garnishment of wages also has its disadvantages compared to a classic loan. Banks, in particular, run a higher risk of default if you grant a loan to someone whose salary is attached. Banks are therefore more willing to lend smaller loans to those with ongoing wage garnishment because the risk remains calculable in this case. Even if you find a guarantor, the interest and terms on this loan are usually higher compared to the usual loans. You should therefore make a comparison of the various offers online to determine which offer is best for you.
However, if you have problems repaying the loan, your guarantor will step in and pay the installments.
Those who are looking for a loan despite garnishment are more likely to find it at a direct bank or on the Internet. Here you can easily and quickly fill out the loan application and get the money transferred to your account within a very short time after approval. Inform yourself well beforehand in order to find the suitable variant.