Unsecured loans

Because the crisis is in Spain and also the difficulties of access to conventional credit some new lending are increasing rapidly, this is the case of unsecured loans, they have unique characteristics, where especially attractive to customers, but nevertheless, they end up paying very expensive consequences, since they have high interest rates.

Many people who use this type of loan is because you can not access those offered by traditional market, where they are asked to pay stubs, mortgage or guarantee assets almost impossible to present, but these loans, we can help solve an unexpected, but in the future tend to be a real headache, because their interests are my high, very short maturities.

This type of payday loans almost the sidelines of the regulation of credit, because in many cases the applied interest rates and other conditions are extremely high or very demanding, many of these loans are advertised on websites and other media nontraditional.

Below is an example of how serious a quick loan, for example if you apply for a loan of 300 euros, the repayment period is a maximum of 30 days, and the APR would be a little over 100% annually, if the loan is 1000 euros, the repayment period is 60 days. The only guarantee is sought is the word.

Another example is Wonga, an institution that is the market leader when it comes to payday loans, it is of British origin, and often promote their services online, this institution offers quick loan, but the APR goes to the 2856% year.

Although this type of loan has many advantages such as not asking us and also guarantees your transaction is very fast, it is recommended that before resorting to this kind of lending money is sought by other means, possibly a friend, or treat to go to a bank, we offer all the guarantees as well as loans at reasonable interest to our request.

Source: prestamosrapidos.com.es