Are you going to apply for a loan and wonder what relationship exists between the loan and the form of employment? It so happens that this relationship will be the subject of this text. It is also worth emphasizing that maybe many people are not aware of the occurrence of such a relationship.
Types of employment forms
Since the subject of the text is the impact of employment on applying for a loan, it’s time to say about the possible forms of employment. It is best if we exchange all the possibilities at once.
The list of employment forms is as follows:
- contract of employment,
- contract work,
- commission agreement,
- an agency agreement,
- management contract,
A contract for specific work, commission contract, agency contract, and managerial contract are civil law contracts (civil law contracts are most often used when the employer depends on the performance of specific activities or the implementation of clearly defined tasks).
It is also worth saying about how employment contracts are divided. Getting to the point – you can distinguish an employment contract for a trial period, a definite period, an indefinite period and a replacement.
What forms of employment are best for borrowers?
It is time to say about the relationship between the loan and the form of employment (as it was at the very beginning of the text). However, you have to start with something else – a careful analysis of the conclusions.
You can often hear that a given company focuses only on certain matters, but this does not necessarily mean a greater chance for a loan. Every time (the company does not matter) a thorough analysis is carried out.
The lender wants the loan not to be a problem. By the way, the borrower should depend on the same, but in practice, it can be different. It is also important to note that everything starts with broadly understood financial possibilities.
Returning to forms of employment, the best solution is an employment contract. It can also be noted that it is best if the employee has an indefinite employment contract. The lender is about a stable job situation.
Are you wondering what the situation looks like from the perspective of acceptable sources of income? Looking at the matter from this angle, there is absolutely nothing to worry about. What’s more, it may happen that the company accepts another source of income (even a scholarship).
Company or full-time – what’s better?
Do you have any doubts? Are you interested in comparing an employment contract and running your own business? Self-employed people are a group that does not enjoy much trust. There is nothing to hide, it may seem quite strange – if I have my own company, I rather belong to a group of responsible people?
Let’s try to empathize with the role of lenders. Simply put – what do lenders care about? In a nutshell, what is now and what will be is very important. It can even be added that this explains the approach of lenders (self-employment = problematic representation of the present and future).
To sum up – an employment contract is tantamount to a greater chance of receiving specific money.