Are payday loans only for those in debt?
We try to prove that online payday loans are not a product dedicated only to people with financial problems or people in debt. Are payday loans only for people with financial problems? Why do we even take up a similar topic and try to answer this question? There are many myths around the payday loans that are worth denying. One of them is the opinions of some customers, according to which companies providing non-bank payday loans earn interest and unpaid financial liabilities. This is complete absurdity and a wrong argument, which customers who are not convinced to loans want to discredit the industry. Lenders try to avoid unreliable customers, hence in many companies there is a strong verification of the applicant’s credit history. It is worth asking a question here. Would you lend money to a friend who you have serious doubts about, or will he pay the debt on time? None of us wants to lose money and time to recover it.
You can often come across reviews on the Internet that loan companies only trade debts and earn from unreliable clients. This is another myth. It is worth realizing how debt collection companies operate. The creditor, using the services of a debt collector, becomes a customer, which means nothing other than the obligation to pay for actions aimed at recovering money from the debtor by an external company. In addition to the negotiations, the debt collection company takes over some of the accounting matters related to the debt case, relieving the creditor in a way. First, they check whether the debt has occurred, then contact the debtor, but if the prompt sent does not result in repayment of the debt, they proceed to the next steps. These include requests for payment, SMSs, telephones, e-mails or personal visits as well as the transfer of the data of the person who fails to perform the contract to the respective bases of debtors. It all costs and takes time. It is true that part of the commission is covered by the debtor, but the creditor also bears the costs. Payday loans companies only recover part of the money borrowed.
Are payday loans only for people with financial problems? – BIK report
Are payday loans only for people with financial problems? According to recent BIK analyzes, more and more young people are taking out both loans and non-bank loans. For what purposes do Poles take payday loans? Young people spend their payday loans mainly on clothes, brand cosmetics, smartphones, scooters, bicycles, home cinema, audio equipment, laptops. These are mainly equipment to facilitate our daily lives, but also strongly associated with leisure, entertainment. More is spent by women for whom payday pay is often a temporary solution when shopping for fashion and home accessories. Men, in turn, spend more and more on RTV gadgets and automotive-related products.
Do dentists also borrow money?
Who like who, but a dentist in Poland is a synonym for a wealthy person. However, as it turns out, dentists borrow six times more than the average Boon, but they also pay their debts twice as well. Although the majority of financial liabilities is incurred for expenses related to running a business, purchase of equipment, repair, maintenance of financial liquidity, which can be caused by considerable fixed costs, but in private dentists are also active borrowers. The dentist, due to his financial status, should not have a problem with taking a loan in installments or a cash loan, if of course he had no negative entries in the debtors’ databases before.
Wealthy fans borrow
As a curiosity, you can cite the BIK research, which last year created a list of Ekstra teams by the number of borrowers who are the supporter of a given team. Leah Deem won the champion in this unusual analysis, whose supporters had the most financial liabilities and what is worth emphasizing – they were the group of the most affluent borrowers.
Wait for a cellpohone?
If it is difficult to understand whether a payday loan is needed by a person who earns well, let’s look at an example. Let’s assume that Mr. Boon earns $ 4,000. Monthly expenses for bills and purchases amount to 2500. Mr. Boon saves $ 1,500. I want to buy a new cellpohone that costs 3000 $. He could wait with the purchase of a smartphone, save cash, but he needs it for now. That’s why he chooses payday pay for free. Instant payment for cellpohone makes the money land on his account very quickly and he can spend it freely. Boon buys a telephone and repays the payday pay without additional commission for 30 days or more.
To the described situation, we can compare the opinion that the customer could, after all, buy an cellpohone in installments. He doesn’t have to use payday pay. However, this is not the best solution. First of all, not every store where the consumer finds an attractive price offer for a given product offers an installment purchase. Secondly, he will not necessarily be able to find an opportunity like “0% installments”. In the case of quick payday loans online, we have a commission-free loan guarantee. We only need to meet the basic criteria. Choose a payday loan for free , apply for a loan for a given company for the first time, and pay the debt back on time. Oh, all philosophy. Are payday loans only for people with financial problems? After reading this article, probably everyone can answer this question themselves.