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Apprentice is a short form for trainees or apprentices. Trainees learn a craft or a commercial or any other recognized training occupation in a dual education and receive during their training years a training allowance, the amount of which depends on the desired occupation, the year of apprenticeship and often additionally to the federal state.
Borrowing is allowed by law to trainees as soon as they are of legal age. Although junior trainees need a bank account, this may only be credited until they come of age. Even after the age of majority, borrowing for trainees proves to be difficult if they do not find a co-applicant.
Whether a bank awards loans to trainees without co-applicants depends on the income and the necessary expenses of the apprentice. The fixed salary of the training allowance comes from the payroll, while the parents can certify paid assistance to the bank to an externally accommodated trainee.
Request an online payday loan bad credit of up to $1000 in just 3 easy steps There are a number of people who are of the opinion that consumer loans are an inevitable part of being human and that the market, the banks, and the big companies are behind these. And some details in this […]
Credit despite existing loans is part of everyday life. In our fast-paced world, we often have to make decisions within minutes or hours. This does not only apply to our professional life, but also to the private sphere. Where should the next vacation go? Should the new car be bought or not? What about a […]
There are two reasons to look for a loan to repost despite private credit. One is the desire to pay lower interest rates in the future. The likelihood of being able to compensate for an installment loan with a good credit rating through a cheaper loan despite bad private credit is not overly high. On the other hand, […]
