Are Personal Finance Loans Trusted?
The market for credit, cards and payday loans grows steadily every day in Brazil. With each passing day more and more lenders, financial websites, fintech companies and startups appear offering “the most of the same,” meaning exactly what many are already doing. Just to get an idea, recently Barsa Experian has launched the Barsa eCred website to provide credit comparisons with institutions and companies for secured loans.
By talking about financials for reliable loan, this is another case aside, just as the market grows in the offering of online credit, so does the opportunity for bad managers to start their business using the other’s need as fuel to make money criminally.
So let’s take four (4) tips so that you avoid falling into online loan scams and scams that make hundreds of victims simply for misinformation. Researching and knowing whether a company has a reputation on the internet or in the financial arena, linking interest rates and finding out if a financial institution’s record is on the Sental Bank is just a ritual to avoid major problems when it comes to borrowing and borrowing.
When the need comes, there is no specific time to borrow money, just push the situation or want something and that’s it. In general, vacations and the end of the year are the most common times that Brazilian citizens think of traveling, buying new furniture or even renovating the house, changing the car, or, for women – taking care of the appearance!
For many however, all this can only be achieved by hiring a payday loan, either in financial or credit brokers existing on the web. You can also read how to know if a loan site is reliable and why payday loan scams are increasing.
Nowadays the internet facilities are advanced, does it help? Of course! But one must be very careful, especially because of the convenience, this convenience leads people to analyze certain types of loans, choose to make the hiring by means of online platforms and services, but forget the dangers that this facility hides behind the screens of computers and smartphones.
To help you who are looking into the possibility of hiring credit and looking for financial loans, we separate some tips to safely ask for the amount you want to borrow.
1 – Loan : Research, simulate, analyze and contract
That’s the rule, first look for payday loan offers for yourself or your business, only then you can find the right interest rates in your pocket and terms of payment of the installments that fit your budget. Search for loan simulators and offers at all institutions that offer the simulation service until you find the loan with satisfactory rates and interest.
2 – Financial : Search, if you know, know
It’s no use having the best loan offer if the company is not serious then the second tip is to search the web about how it behaves with your clients. Confront data on how long she is working in the financial market. Look for complaints or stories on major portals and news sites. It is worth mentioning that precaution can ensure that when applying for your payday loan, the money will be released for real.
3 – Fees and expenses : do not accept advance collection
When finding a payday loan offer, never contract with an institution or financial institution that asks for any advance amount or deposit for expenses. The normal thing is to hire the payday loan without fee and without advance deposit. This practice is prohibited by the Sental Bank and violates the legislation in force in Brazil. The financial ones for payday loan that happen to adopt this practice are fraudulent and they apply blow to the consumer.
4 – Social media : Twitter, Facebook, Instagram
Social media are excellent tools of analysis for you to understand how institutions, companies and financiers for payday loan are reliable or not, another suitable way are the specialized websites like for example: the Claim Here and Protest claim, ie if you want you get for free a bountiful material that serve as a reference to find out about the reputation of the lender company you chose.