Unsecured Credit Loans
Because the crisis is in Spain and also the difficulties of access to credit some new types of loans are rising rapidly, this is the case of loans without collateral, they have unique features, where especially attract customers, but however, these very expensive end up paying the consequences, since they have high interest rates.
Many people who use this kind of loan is that you cannot access those offered by traditional market, where they are asked paycheck, mortgage or security goods almost impossible to present, but these loans, we can help solve an unexpected, but the future is often a real headache, because my interests are high, very short maturities.
This kind of lending almost sit on the sidelines of the regulation of credit, since in many cases the rates of interest charged and other conditions are extremely high or very demanding, many of these loans are advertised on websites, and other media traditional.
Below is an example of how serious a quick loan, for example if you request a loan of 300 Euros, the repayment period is a maximum of 30 days, and the APR would be a little more than 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 fast loans, it is of British origin, and usually promote their services online, this institution offers quick loan, but the APR goes to the 2856% year.
Although this type of loan offers many advantages such as not applying to us and also guarantees the procedure 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.