Payday loans – Short-term loans
Short-term loans, also called payday loans, are available to almost every person. The very name of this type of loan indicates that its repayment takes place in a very short period of up to 30 days. Every time you extend your repayment period, you automatically get much higher interest. Therefore, it concerns relatively low amounts, which do not exceed several thousand zlotys.
Companies that provide short-term loans offer at least two opportunities to apply for it. The first of these is direct contact in the company’s office. There are more and more outlets that propose transferring money to the borrower’s account within fifteen minutes, immediately after completing the relevant application via the Internet. Another suggestion is sending a text message to the company. Always a representative in such a situation just call you back.
Of course, most companies providing short-term loans, on the basis of the data sent (series and ID number), check whether the client is currently not on the list of debtors. They can check it at the Credit Information Office.
The benefits of short-term loans will surely include getting the necessary amount quickly. There are also a few companies that offer the first loan for free.
The downside is much higher interest compared to other liabilities such as cash loans. Not everyone is able to cope with the loan later repayment. Therefore, you need to accurately calculate your financial capacity when it comes to settling your receivables. In addition, pay attention to pseudo-companies that offer loans. In an online environment, there may be plenty of them. After positive verification of the company, there is no reason for concern.