What to watch out for microloans

Of course, microloans are a good solution when you need some less cash – and need it as soon as possible. In such cases, this opportunity to get two or five thousand crowns immediately on account is really tempting.

Watch out for microloans

Watch out for microloans

But beware, not all the gold that glitters, as the right winged saying says. Even micro-credits have their shadows, you must avoid them!

What does plain language speak at first sight?

There are definitely enough reasons why you should not consider a microcredit at all. So let’s remind you a little of those you will most often find in domestic grasslands and groves…

  • Requiring a fee in advance . Surely no honest society can want that. On the contrary, this is a sign of insolence. The first money from you should come to the provider with the first installment.
  • Interest that literally goes beyond the decency. After all, there is a certain limit, although microcredit is known to be relatively high – compared to larger loans. Don’t be fooled!
  • History shrouded in mystery . You do not want to entrust yourself to a company that you know nothing about and there is a real minimum of news about it on the Internet – or even any information is virtually missing.
  • Do not sign anything until you have thoroughly read the contract . And beware! If the contract is for one, at most two A4 pages, everything is fine. A long and incomprehensible treaty certainly not!

Last but not least, check out the default situation

Of course, let’s not paint the devil right on the wall, but it can happen – you never know what will happen next month. Is it possible to reasonably agree with the provider to postpone installments? Are you facing big penalties for non-compliance? Make sure you check everything in advance, because it is very important! How about trying Anthony Blanche ?

A Czech company with long-term market experience, low interest rates and clearly defined contractual terms. Up to seven thousand crowns immediately, for regular clients there are also prepared interesting bonuses. Handling this loan is even easier than you think, it’s a matter of minutes!