Everyone knows that. Anyone who changes jobs first has a trial period. This way, both the employer and the employee can get an idea of the situation. The duration of the trial period varies and is recorded in the employment contract. In itself, a change of employer or a new start after unemployment is not a negative thing. It can be difficult if an immediate loan is applied for despite a trial period.
The workplace as security for the bank
A job is also a security for the bank when it issues a loan. If payment arrears occur, the borrower’s salary can be accessed through a garnishment. But it doesn’t have to go that far.
However, the banks are skeptical about a trial employment contract, because that does not necessarily mean that the employee will continue to work in the company after the trial period has ended. In the worst case, unemployment can threaten. It is therefore difficult to get an instant loan despite a trial period.
It becomes easier with a surety
However, some banks still accept an immediate loan despite a trial period if a guarantor is available. This will be included in the contract documents. For him, this means that he is responsible for repaying the loan if, for whatever reason, the actual borrower can no longer pay.
Before a guarantee is given, however, the guarantor is carefully examined. His financial situation is put through its paces, because if a guarantor already has negative private credit checker entries, a loss can also be expected here. In these cases the guarantor is of course rejected.
For the bank, a guarantor has the advantage that a time-consuming dunning procedure can initially be avoided. If the guarantor jumps in, there is no need for it. Anyone taking out a guarantee should have a great relationship of trust with the borrower. If a guarantee is based on coercion, it is immoral if the bank learns of it.