Loans for seasonal workers 

Loans for seasonal workers 

Are they expected and what are the loans for seasonal workers? Sure, there are, but within certain limits and under certain conditions! Before describing what the aforementioned constraints are, let’s briefly mention the ” presumed ” reform carried out by the so-called Dignity Decree of 2018: well, despite what we read in the titles of many articles on the net, as soon as these are deepened, we realize that the the aforementioned dignity decree has NOT brought anything new in favor of the hundreds of thousands of workers with seasonal contracts: it has left everything as it was before.

Do you think that, despite this “reform” (which has affected fixed-term contracts), in 2020, work for seasonal activities is substantially regulated by a law dating back to 1963, precisely by Presidential Decree no. 1525/63. Ultimately, the only benefit for seasonal workers is and remains that of the right of way, that is, the right to be preferred over new hires regarding the next working season.

Seasonal loans & right of way.

Seasonal loans & right of way.

This pre-emption is important in the case of loans for seasonal employees. In fact, in addition to securing the job for the next season, the right of way could (we use the conditional) constitute, as we will see, a “reference” in front of a bank and/or financial institution to which we will ask for funding. We remind you that the right of precedence is exercised in writing, possibly by registered letter with return receipt, and within 6 months from the termination of the seasonal employment contract.

The right to be “preferred” presented in writing has an annual validity: if within the year the employer wants to make new hires, the previous seasonal worker who has expressed in writing the will to re-work with the same employer, takes precedence over others. But all this speech (the precedence expressed in writing) has one premise: that the seasonal worker has been hired with a regular employment contract. Otherwise? Let’s see it later.

Personal loans for irregular seasonal workers:

Personal loans for irregular seasonal workers:

Without many words we refer to all those who perform tasks although seasonal but in the dark! Unfortunately there are and there are also many. What to do with this case? Where interested, we can do no more than postpone a study on loans for undeclared workers.
If, on the other hand, you have a regular contract and you intend to apply for a loan, then the aforementioned right of precedence may prove useful: copy a copy of this and present it together with the documentation. Consider that the institution may not consider being preferred in the next work season reliable.

This depends above all on who the employer is: think of a large, famous company that has been using seasonal workers for many years to put its goods and/or services on the market (a panettone, a wine, a tour operator, etc.). ). In these cases, the bank or financial institution to which you turn, considers the re-assumption by a well-known brand as certain with respect to an unknown employer and therefore could grant you the financing with reasonable repayment times. Yes, because the main problem of seasonal workers is precisely that relating to the payment period of the installments.

Loan for seasonal workers:

Loan for seasonal workers:

The real problem. Anyone who does any seasonal work, even if it is in order, has a problem: the very short payment period within which all the financing will be repaid. In truth, the aforementioned problem is common to all types of loans for fixed-term workers to which we refer further details. What are we talking about? Let’s say that a seasonal employment contract hardly exceeds six months, therefore the loan must be repaid within this period or in six installments. But the problem is not if they do it: we have also indicated them on a loan with a 6-month contract and who does it.

To obtain such a short loan, in practice, you should make a prompt request during the first days of work otherwise then it becomes useless! In the end, if we are denied the loan or want a loan longer than half a year, we need collateral: which ones? First of all, a third party guarantor who could also be the employer (or the legal representative if you work in a large company), perhaps equipped with the document that contains the right of precedence. If that doesn’t work, extreme forms of credit remain, e.g. the lien or the loan in bills.

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