More and more loan companies openly inform consumers about the amount of interest charged, on commissions and possible additional fees. Loan companies operating primarily online realize that getting a good reputation online is an extremely hard job, and little is needed to break it. A bad opinion leads to the loss of customers, which is why most loan companies offer calculators to their websites. By entering the amount we want to borrow, we can see exactly all the costs associated with it. Our expert compared several loan companies, assuming that this is not our first (free loan) we want to borrow PLN 500 for 30 days, and so VIA SMS offers us a loan, the sum of additional fees is PLN 115, so we must give PLN 615, the sum of additional fees will amount to PLN 140.54, so we have to pay PLN 640.54 to pay back, Minus Loan calculates additional fees for PLN 149, which means we have to pay back PLN 649. The costs associated with the above examples range from 23% to 30 %.
To sum up, before we decide on a minute, let’s read the exact model of the contract, also remember to review all of its attachments. Compare the offers of various loan companies, check the ranking of online paycheck loans, and it is only on this basis that we decide on the best solution- check it out.
Non-bank companies are outdone in ideas for actions aimed at attracting customers. Not all promises seem real. So what should you do to not be deceived by the loan company? Above all, we should be wise, the most important point of taking a quick moment is to sign a contract. It’s worth taking the time to carefully read the contract. If some sub-points are extremely incomprehensible to us, do not be ashamed, ask for help from a friend or family member. Apart from the contract, it is also worth reviewing its attachments, which in most cases are regulations and general conditions. Let’s pay attention to their content because some dishonest lenders put their hooks there. Read the additional information added in small print, if we think that they are completely illegible, ask the loan company to send us a clearer copy. The refusal of the company that grants the payment should make us watchful.
It is just as important to analyze the contract to check the opinion about the loan company. We live in the Internet age, which is a great help for consumers. In the network, we can find a lot of information about companies operating on the Polish market, but let’s not just suggest forums. We can never be sure who really speaks on forums – it can be a competitive loan company. When looking for an opinion, it is worth focusing on portals specializing in comparing incoming and outgoing opinions. Specialists from the financial sector work there, who issue subjective assessments, by analyzing the offer of a given company that gives them a break.
Looking through the offers of loan companies, we can often come across a proposal for a free loan. Most of us wonder what interest the company has in this and whether it is certainly possible to get a free minute. For some, this may be surprising, however, in most cases, companies that in advertising campaigns inform consumers about the first free loan, in essence, they provide it. You do not have to meet any unrealistic criteria. It is enough that for the first time we will use the services of this particular company.