If you only need a small amount for a nice restaurant dinner, and or just need a small advance on your salary, then micro loans or other small loans can be the solution to fast money.
The banks will reject you on such loans because they would rather lend you money on amounts over 10-15,000, which is expensive to manage.
The banks are very smart, because when and if you choose to use a consumer loan in the bank, for example, they will usually recommend you credit – and often with a higher threshold. “For security,” while being told that if you combine the loan with the payroll account, the interest expense is reduced while you have a security on the loan.
Does it sound very smart? It is not so wise … Because then you will pay a fee for the entire amount limit, and thus the bank actually makes money on a credit. If a bank can get a few hundred customers every 20,000 in extra credit they do not use, it is small 4 million or more to download a fee on without the bank having to do anything about it.
That’s why we always have to read it with little text. In fact, it is advisable to have their questions before such a meeting with the bank so you can. receive email reply with the attachment of conditions. If you can’t see everything, you probably have a friend or family member who can help you. It can save you a lot of money and stress later.
Never make the mistake of thinking that you have a local friend in your bank
He or she is employed by the bank to make money for the bank. Bank mergers and erroneous advice, there are many up throughout history and there is only one to pay for mistakes, and that is the customer.
There must be very extensive arguments and evidence before the bank will always be sentenced to pay for the damages that have occurred if you are given incorrect advice. Most will give up because of price and thus nurture the principle that “probably is not worth.
Small and fast microloan
On the other hand, you can totally avoid getting under pressure by listening to good advice and choosing the loans that will suit your finances when you have to borrow for consumption or a small and fast microloan. It’s not even sure you really need a smaller consumer loan, but would actually have more control, with a real, and bigger, consumer credit. Then you can stabilize things, for example. in a budget.