The RSA provides a minimum income, but does not offer sufficient financial area in the eyes of banks to go into debt and take out a car loan. Despite this, it is possible for beneficiaries to find alternative financing solutions.
RSA: the social minimum
Delicate, but not impossible to apply for a car loan at the RSA. Introduced in 1988 under the government of Michel Rocard, then called Minimum Income for Integration (RMI), the RSA (Income of active solidarity) has embodied since 2009 the new social minimum. It is accessible to people over 25, and under certain conditions, from the age of 18. The amount of the allowance paid to the beneficiary corresponds to the difference between the upper limit of RSA and the average of his monthly income, family benefits included. Nearly 2 million households in France benefit from the RSA.
A car loan to RSA
Like apprentices and temporary workers, recipients of social minima, in this case an allowance such as the RSA, are not necessarily welcomed with open arms by banking establishments and other credit organizations. This is due to low incomes and the absence of an open-ended contract or even a long-term fixed-term contract. This lack of collateral is often frowned upon by financial advisers with a view to repaying car credit to the RSA. However, just like any other bank user, the individual holder of the RSA can apply for a car loan.
At RSA: how to apply for a car loan?
Car broken down, too much mechanical costs to anticipate: you need a new car, a small opportunity through an auto loan application, which will ultimately cost less than endless repairs. Among the mobility aids offered to job seekers and RSA beneficiaries, there is in particular the loan from the Lite Lender Company. This is intended to finance the purchase of a used car. Help is welcome, especially since it seems difficult to do without personal means of transportation when looking for a job or when exercising a part-time job.
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