One of the habitual users of the financial institutions specialized in mini-credits is those that are registered in a list of delinquency, as is the famous ASNEF. The main reason that leads them to become applicants for this type of financial product is that, in many cases, it is the only financing route left to them, since many of these companies do not consider this factor as exclusive when granting A personal loan.
This is not detrimental for these people to rethink the need to request one of these microloans since the possibility that they are offered to get money fast must be taken responsibly and be used wisely. In spite of the facilities that this type of companies advertise nobody gives hard to pesetas and we must evaluate with moderation the possible counterparts that this decision will have in our economic solvency.
Some of the factors that we must keep in mind when making the decision are the following:
The most obvious: do you really need the money and have no other way of financing? The interest charged by these financial companies is high because of the high risk of their service, so we must be sure that we have exhausted other cheaper ways to get money.
The amount of these loans usually does not exceed 600 dollars and the processing time lasts a few minutes, which is why they are a very good option to get urgent credit for specific liquidity needs. It is one of the characteristics most appreciated by customers.
To search for the wide existent offer those financiers that lend money to people included in delinquency lists, since not all offer this possibility and some of them according to some limits in the registered debt. You can check the conditions to accept clients in ASNEF and their urgent loans.
Although the general recommendation is not to use one loan to pay another, since this debtor circle generates a maelstrom from which it is very difficult to leave, the possibility of using a mini-credit to pay a debt for which we are registered in ASNEF is a very possibility Interesting that we should contemplate. The consequences of being included in one of these lists are harmful to the private economy and will prevent us from accessing most of the financing formulas so that getting out of them should become one of our priorities.
Use the virtual calculators offered by the websites of these companies to calculate the conditions of the personal loan: amount, repayment term, and the total amount that you will have to repay. This way you will manage from the beginning the characteristics of your mini-credit and you will be able to make all the necessary horse. In this sense, and for your peace of mind, the conditions applied to these novel financial products do not suffer variations during the short life of the loan nor harbor hidden clauses or unexpected charges. The result of this calculator will be the final amount you must return, with no surprises.
But the latter should not be an excuse for you not to be aware of the conditions that apply at the time of application, as both fees and surcharges in the case of delay often vary; As well as some of the scoring parameters that define the characteristics of the incoming requests. Do not be surprised that, on occasion, your request is rejected when you had previously been admitted. In these cases, we recommend that you go to the customer service of these financiers to clarify your doubts.