Only a few companies provide loans at the customer’s home, nationwide. Although home loans loans can be found on almost every pole, let alone advert sites. Unfortunately, most of the advertisers in this way usually only deal with the collection of personal data. Even if they borrow money, it is very easy to take a ride on the inflated costs of a loan, a complicated contract that is designed to cheat the customer or fraudulent prepayment. It is safest to borrow from companies that have been on the market for several years and have a reputation with customers, thanks to which you can easily avoid all of the above-mentioned threats.
Advantages of a customer loan at home
When it comes to the advantages of a home loan, it’s definitely convenient for people who don’t want to provide their details on the online application. This will also interest people who do not have a bank account, or have such an account seized by a bailiff, and the transfer from the lender would be immediately seized. Older people who prefer the traditional contract and repayment method also use home loans. The next advantage is that loans granted at the client’s home have much lower requirements when it comes to creditworthiness. None of the listed companies in our ranking does not check the client in BIK. So if online payday loans are causing someone a “problem” with getting cash, you might want to try loans at home with a representative. It is very likely that the decision will be positive.
Disadvantages of a loan with a representative
As you know, there are two sides to the coin, and the loans with home services also have disadvantages. The first is the higher cost of the loan compared to the online loan. This is because the loan company must employ an additional person who will go to the client and sign the contract with him. Sometimes he also receives monthly installments if the borrower wishes to do so. With online loans, everything is usually done automatically and the lender’s costs are lower, which results in lower loan prices.
So if you have the option of applying for a loan online, it’s worth trying this way first. Thanks to this, we will save on installments loans, and in the case of a smaller amount you can even get the first loan for free.
What should you watch out for when borrowing at home?
There are a few things to keep in mind when using traditional home-based loans. If you borrow from the company listed in the ranking above, then the first thing to look at is the interest rate on the loan. It’s best to choose the one that offers the lowest, thanks to which we will save a lot of money in your home budget. Another thing is the time we want to spread the loan repayment and the amount that interests us. All companies listed in the above ranking have been on the market for at least several years and enjoy many thousands of satisfied customers. In our opinion, the best choice will be Provident with its self-service loan. In addition to the competitive APRC, the customer has the option of postponing the repayment of the first installment, as well as loans at no cost. Check out more information about Provident self-service loan.
A loan from an advertisement or from a little-known company
If you want to take advantage of the loan found on the offers portal or the leaflet, you need to pay attention to the vast majority of factors. First, the content of the loan agreement is important. If it is incomprehensible to us, do not sign it. There has been a lot of talk about the Lord who lost his flat in Warsaw because he borrowed $ 10,000 as collateral. All because of a dishonestly constructed contract and unlawful interest. By borrowing from a little-known company, you can easily be cheated without reputation.
The next thing to consider is the collection of prepayments. Whether for fuel, contract, insurance or any other thing that the owner of the ad will come up with. In 99% of cases, paying a prepayment ends in terminating contact, losing money and deteriorating financial status of the borrower. It should be remembered that all forms of prepayment are forbidden and persons who require them act unlawfully. Another thing to consider is trust in the lender. Can you find any opinions about the company on the internet? Has anyone of our friends used the loan? By answering these questions, we will avoid unpleasant situations. The safest solution is to use proven solutions. We collected such companies in today’s article.
New: home loans
Home loans, in other words loans granted by a customer mixing representative are new to plaster, although they may seem a quite classic solution. The offers of credit bureaus are known for high loan granting, as well as very often lack of verification in the BIK and KRD databases. As a result, more people can afford a loan. However, a necessary condition to obtain a loan without BIK and KRD is to have a salary certificate or other permanent source of income. If you have been unemployed for a long time or are living only on benefits or 500+, you can be refused. Loans for the unemployed are quite a difficult matter. Few loan companies want to work with such clients because they are afraid that they will not have enough money from benefits to pay their debts.
As you know, welfare or government benefits are not the highest. If, in addition to the monthly expenses, a loan installment or additional interest on the payday loan is added, the budget may not be sustainable. In this situation, some people reach for the next loan to pay off their previous liability. Unfortunately, this can be a shot in the knee. You should never increase your debt if you have problems paying your current debit. In a very short time this style of budget management can lead to serious debt and not being able to get another loan. In addition, this often leads to the so-called “credit loop”. This phenomenon is defined when the debtor does not have enough money to pay back the loan or loan installments and he starts to get into debt to pay off the current debt. This process never leads to an improvement in the financial situation, and practically always leads to negative entries in the debtors’ databases and high debt.