Subscribe via RSS Feed Connect with me on Flickr Connect with me on LinkedIn

Easy Fast Loans

image

We talked here about fast loans, also known as easy credit. Here we detail the advantages and disadvantages that they may have. Among the advantages are speed, location, a simple procedure, a maximum repayment period of 60 months and an amount of between 500 and 6000 €. In terms of disadvantages mentioned the high cost and the ability to ask the customer the recruitment of additional products, such as insurance, credit cards, etc.
Today we will talk about the advice offered by the Consumers’ Association when you apply for a loan of this type.
1) Know the real interest rate has the merit of making the credit granting financial reporting of SAD usually monthly, but rarely bother to explain to customers the annual APR. This is often between 20 and 25%
2) Apply for a short repayment period. As for the mortgage, the more you extend the repayment period the customer will end up paying more interest.
3) Since it may require the purchase of credit or insurance, you should know all the terms of the loan in advance to avoid unpleasant surprises to formalize it.
4) The loan online is important that the customer has the contract before signing it, in order to fulfill the conditions. In turn, you can also cancel the credit for the first 14 days without penalty, at least according to the law.
5) Even if the credits are treated as remarkable for its easy access to the requested amount, the fact is that the loan was obtained from 24 to 48 hours after signing the contract, not 24 or 48 hours after the first call more often this kind of financial advertising.
6) Finally, it is important to know whether these companies have a physical center to the public. Many of these companies operate via email and have no obligation to respond to an email in 2 months, hurting the client if, for example, cancel the credit in the first period.

Category: Easy Loan

Comments are closed.