Gig workers cannot get a loan because their income looks unstable
Drivers, delivery riders and freelancers earn consistently but irregularly. Every lender's model expects a salary slip, so a rider who reliably clears the same amount every month is treated as higher risk than a salaried employee earning less.
The data exists — platform earnings history is far richer than a payslip — but there is no accepted way to present it to a lender.
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Sign in with GoogleNONathan Okafor·
Two years of consistent weekly earnings and the bank wanted a letter from an employer I do not have. The irony is my income is far more predictable than a lot of commission-based salaried roles.