How often do we make a mistake when we want to arrange a smaller loan online?
Life is not only about success, but also about mistakes. We do it today and daily, the smaller one, the bigger one. But some should be avoided because they are actually quite unnecessary. They report, for example, to the world of non-bank loans, which at first glance looks simple, but at the same time you must step in well prepared. Otherwise you can quickly get into trouble.
Common mistakes that makes part of those interested in non-bank loans
Error number one? The online loan is here to borrow on your own account. You can’t ask someone else to solve your debts in this way. This may be the end of friendship, but also a serious rupture in a partnership. If you fail to repay on time, which can quite well happen, you will have trouble with whoever borrowed at your request. Money has ended many interpersonal relationship, so we appeal to you – solve everything yourself. Within the family circle, you can agree that the wife will apply for the loan because the expenses are for the children’s ski course and you will repay together. In other cases, however, it will not be so pink, act on your own!
The application does not state everything exactly
It is true that the application is actually simple, you will fill it in minutes. But you must be careful not to include any errors. Some of them could disqualify you. For example, it is important to take a picture of your identity card correctly, to submit a statement of account for the last three months in PDF format, but also to state the address of your permanent residence correctly – without typing, all numbers must fit here. Only then can the identity be verified and the loan approved, otherwise you will need to apply for the loan again unnecessarily. And it costs time, as we know – time is money! Sure, there are only a few boxes, but all the data must be accurate.
Carefully read the contract
Is the contract too extensive and takes up several long sides, is there ambiguous wording, don’t you feel comfortable reading it? Then there is definitely something wrong and you should not approach the agreement unless you change your mind! Too long sentences that make no sense, but also hidden legal loopholes that can cause serious problems in the future. There is no model contract, any non-bank money-lending company compiles similar things on its own. Fortunately, most try to make all the documentation fit on a single sheet of paper and clients have no unnecessary extra problems. Clarity, simplicity is the most important thing in any non-bank microcredit offer!
Calculate everything in advance
When you take out a loan, it’s a big responsibility in any case – whether it’s a 5,000 or a consumer loan for a hundred thousand. Of course, a less voluminous loan leads us to some frivolity, but we should not be tempted at all. Once we take a loan and the consequences of default are always the same, in the long-term non- communication with the creditor there is a problem called execution. The online loan should be rational, used to acquire the things or services you need, such as.
- Automobile. It doesn’t matter if it is used or its price reaches a few tens of thousands at the most. After all, it is perfectly suited to work or occasional shopping.
- Electronics of all kinds. Nowadays, not only private correspondence can be handled without a mobile phone or computer, these seeming little things make our everyday existence easier.
- Tuition for your children. Or invest in education and every crown will benefit great in the future. Prestigious disciplines simply cost something, but the standard of living of the offspring will be significantly better!
On the other hand applying for a holiday loan abroad is not a very rational choice, rather think twice again. Wouldn’t it be better to spend your holiday in this country if you don’t have enough money to spare? You would then pay the recreation for another half year, which is quite unnecessary. It is equally dangerous if you decide to beat the wedge with a wedge – to pay off another debt from the past with a loan. A special product called consolidation of loans serves this purpose. It is only thanks to him that you can see how it could be saved. Taking a loan and paying with it an earlier debt on your own is not paying, on the contrary, you will suddenly have a similar problem, you actually delay the solution a little.