The loan is a great alternative for people and companies that are in need of high cash in a short period of time. There’s no denying it, they break quite a branch when used at the right time and in the right way.
And with so many options available in the markets, loan approval is getting easier, and they are granted in a variety of situations. It has the normal personal loans; payroll loans, for retirees, INSS pensioners and civil servants; and those with collateral for assets, such as vehicles and real estate.
However, taking out a loan, although it can be very good, is not an easy decision to make. The reality is that this is something very delicate, that we need to think very carefully about whether it is really the best option to take.
Just “Google” and search for loans and we are already bombarded with various information from companies announcing “unmissable offers and promotions”, which at first seem to be the solution to all our problems.
Despite having a lot of serious people working in this credit medium, there are also many scammers and opportunists who seek to take advantage of the most unsuspecting people, and it is at this time that we need to be more attentive than ever.
What precautions are needed when applying for a loan?
Thinking about helping you get rid of scams, fraud and other forms of deception present in loan agreements, we decided to create this content, where we will mention some tips on how to carry out this process as safely as possible. Carefully check every detail. Let’s go!
promises
Beware of false promises is one of the most important factors to avoid possible headaches when taking out a loan, be it personal, payroll or for companies. Whenever you observe that it seems to be too good to be true, be suspicious, inform yourself further and find out.
Do the math
It is very common that, when we are going to borrow money, some companies and financial institutions offer us a long payment term with an installment amount that fits perfectly in our pocket. However, it is essential to calculate the total effective cost of a loan. That way you will know how much you will actually pay for everything.
Planning
Plan your loan payment. Ideally, even before making the request, you have been organizing your finances for a few months so that you can be able to pay the installments without experiencing any difficulties. The recommendation is that the value of credit invoices does not exceed 30% of your monthly income. If that happens, discharge can get complicated.
seek information
Before taking out a loan, it is necessary to know very well who we are dealing with, and therefore it is not possible to apply without seeking information about the company or financial institution responsible. Listen to reports from people who have been or are customers. You can also look for more data on the platform on customer complaints against companies Reclame Aqui.
Conclusion — the precautions we need to take before applying for a loan
As we could see throughout this text, despite helping us at crucial times, loans require caution, so that we don’t end up suffering blows from criminals or our own unpreparedness.
But you don’t have to be scared either, just take the necessary care. If you follow the recommendations mentioned here, you can be sure that the chances of having headaches will be much lower. Check out what they are below:
- Be wary of very flashy promises;
- Calculate the effective cost of the loan;
- Plan payment to avoid delays and defaults;
- Search for information about the loan provider.
