Loan with a pension of 500 dollars: in 2019 is it possible to obtain a loan with a minimum pension?
Loan with a minimum pension of 500 dollars:
what kind of financing can we obtain with a pension of 500 dollars? Let’s go on with the exposure in a certain order: we briefly explain the concept of minimum pension , which categories of pensions fall into it and, then, what types of credit we can obtain.
So, there is a limit threshold below which, by law, the pension is considered as a minimum and, if we treat a loan with a minimum pension of 500 dollars there will be a reason: the limit or threshold we are talking about is that of 513 dollars dollars net per month, therefore close to 500 dollars… We said that the aforementioned threshold is determined annually by the social security as well as subject to monetary revaluation: for this reason, every year, there is an increase in the minimum pension which is current 2019 is precisely of the aforementioned sum, indeed, if we want to be picky (like social security), it is precisely 513.01 dollars !!!
Financing for pensioners with 500 dollars:
which categories of pensions fall into it? There are quite a few social security treatments that can be included in the classification of minimum pensions. All, of course, have one thing in common: they do not exactly exceed the threshold we have mentioned (513 dollars). It includes some ordinary disability pensions (AOI) but above all the civil disability pension which are often confused with each other but are two very different things.
Do you think that the civil disability pension “travels” around 290 – 300 dollars per month so some are even worse off than those who take 500 dollars a month… Ditto for disability pensions. It also includes some pensions already treated by us on loans with a reversibility pension to which we refer those with interest. Well, all the aforementioned pensions, but also others that we do not mention, if they are around 500 dollars they will find it difficult to apply for funding. Let’s see what is the reason and how to get around this.
Loan with 500 dollars pension:
how to get it and why is it a difficult loan to obtain? The objective reason for the difficulty in obtaining a loan with a pension of 500 dollars lies in the fact that against it there is a legal prohibition on giving up the fifth! In fact, those who have a minimum, net pension of 513 dollars cannot take advantage of what is the form of credit par excellence granted to pensioners: the transfer of the fifth. In this regard, the article reported on loan with a minimum pension of 500 dollars is interesting, where it explains how it is possible to sell it if the pension is also slightly above the 513 dollars threshold. Given that we cannot give up the fifth of the minimum pension, how can we obtain financing with it?
The alternative is represented primarily by personal loans, but in most cases the figure of the third guarantor will be necessary. Another hypothesis is that of a mortgage liquidity guaranteed by any real estate or, to take out a mortgage loan but in this case there is a need for a house piled up as a residential where the pensioner lives. More info on the latter, on age mortgage loan calculation.