Life writes different scenarios, which is why many people have found themselves in a situation where for some reason immediate cash was needed. Not everyone has savings, a loan from friends is not always an option. In turn, obtaining a bank loan requires not only time but above all meet certain criteria. Then the idea arises to use the services of companies that offer express loans online. What is a payday?
Get fast online loans online
The problem of the lack of cash and the desire to receive a loan often leads those who need to offer non-bank loans, which are also commonly called breaks. As the name suggests – receiving the required amount takes a while and usually takes place within a quarter of an hour from the moment of submitting the online loan application at PaydayLoanHelpers ..!! For many people, this is a priority matter. It happens that money is needed immediately, for example in an emergency, such as an accident or an unexpected lack of funds on the account during a trip or urgent shopping. In addition to the extremely short waiting time, it is also tempting to quickly carry out the entire process without having to go to the head office of the company with which the loan agreement is signed. Nobody asks for the purpose of the loan. Sitting comfortably in the chair, you can settle the whole matter at any time of the day or night (also on holidays), to almost enjoy the money on your account.
Another issue that unquestionably attracts many consumers who use online payday loans is the fact that companies that offer them usually do not require earnings certificates. It is also not necessary to present the credit history of BIK, therefore, also people without a fixed income, unemployed, and often even inscribed on the list of debtors or already having several other loans taken out can apply for it. What’s more – sometimes there are also no upper age limits, which is why they are often the only solution for older people (over 60 or 70 years old).
Unlike a bank loan, online payday is a method of having cash without unnecessary formalities, and the whole procedure is not complicated. What, then, is needed to obtain such a loan? In most cases, all you need is adulthood and, of course, access to the network. After entering the lender’s website, a quick registration takes place and a short application is filled in with the provision of personal data and amounts. That’s all. Nothing more is needed. Financial problem solved. Is it really?
Pay attention to the loan agreement!
So far, everything looks perfect – the problem with budget shortage disappears in 15 minutes, and besides, you do not have to go anywhere, stand in queues, show too many documents or meet any income criteria. The money you need gets your account in the blink of an eye – can there be something simpler? Unfortunately, there are also shortcomings of this solution. You can still hear about people who have ill-treated the advertising slogans of lenders. Forgetting what bulks are and that each loan requires timely repayment. In many cases, it causes a real avalanche of debt, from which it will be extremely difficult to get out.
Failure to repay a loan within a certain time (usually 30 or 60 days) means growing, often horrendously high, percentages. In addition, the transfer of this information to BIK, which will make it more difficult to obtain a loan in the future. How to protect yourself against this? Above all, do not act hastily, be cautious and read the terms of the agreement you want to sign with a non-bank loan company very carefully. The most important information that should be checked carefully, is the amount of the loan and interest, duration, repayment date and any additional costs of the loan taken. Without reaching out to the details, which are crucial in the whole matter, you should not sign any contract. Because in this simple way, at your own request, find yourself in serious trouble.
Reason first and foremost
Before applying for an internet loan, you need to clearly define not only your needs but also your options. It is very easy to borrow and spend money, it is much harder to give it away later. Therefore, you should ask yourself whether this type of credit is really necessary or is the amount too high? Will my own money allow for a smooth settlement of the entire debt in a short time? It happens that after reflecting and carefully analyzing the whole situation, the person concludes that the loan is not actually necessary (for example, the expense may wait) or a much smaller amount will be enough so that its subsequent repayment will not be so burdensome. The sobriety of thinking and responsibility – these are keywords if you do not like the visits of a debt collector or bailiff.
What if you have trouble paying your payday?
We already know what a weekend is and what is worth remembering before it is taken. But what if any doubts arise after the conclusion of this type of contract? It is good to know in this matter not only your duties but also your rights. Not everyone is aware that within 14 days of signing the contract you can opt out of the waiting time without any consequences and the need to give any reasons. All you need is information (in the form of a statement of withdrawal from the contract) to the company that granted the loan. And – of course – the fastest return on borrowed money. In certain situations, there is also a complaint (eg when you have been deliberately misled or when the final cost is inconsistent with the anti-usury law). Often, it is enough to contact the lender and enter into a mutual agreement. It is also worth remembering that you can consult any doubts with the financial spokesman, consumer advocate or lawyer for free.