In a few days, that is February 14, all lovers will celebrate their holiday. Although love is worth showing each day, Valentine’s Day is a great opportunity to organize something special for a loved one.
A romantic weekend at the SPA, balloon flight, or maybe a crazy trip to which of European capitals? Today we will tell you whether it is worth financing such an expense with money from a loan and how to borrow so as not to fall into financial trouble.
There is no doubt that effective surprises can heat up the atmosphere in a relationship and effectively cement the bond that connects partners. Especially in long-term relationships, such “cherries on the cake” add a common everyday taste and recall the most beautiful common moments.
However, what if the account balance does not allow for the organization of a unique surprise, and temporary financial problems effectively postpone the vision of a romantic trip?
Is it worth financing the desired surprise with money from a quick loan?
A loan for a Valentine’s trip
Borrowing money for a Valentine’s Day trip may or may not be a good option. A lot depends on your financial situation and the possibility of timely repayment of the commitment. If you are sure that in 30 or 60 days you will easily refund the entire amount borrowed, payday pay may be a real support in achieving your goals. If you may have problems accumulating the entire amount needed on time – don’t risk it. The consequences of late repayment can be really dramatic.
How much does a quick loan cost?
Unfortunately, many potential customers are still following the myth that describes non-bank loans as expensive and even thieving.Contrary to popular belief, popular payday loans don’t have to be expensive.
In March 2016, the provisions of the Anti-usury Act came into force, which set maximum limits for non-interest costs related to borrowing money in loan companies.
According to them, non-interest costs of taking payday pay may not be higher than 25% of its amount and another 30% per annum. The statutory interest rate remained unchanged and amounts to 4 times the NBP lombard rate, which is currently 10% per annum.
The cost of quick loans in practice
Theory – theory, but it would be good to know what the above values mean in practice.
The table below illustrates this perfectly.
If the above-borrowing costs are too high for you, you can use the services of a company that offers free payday loans. Yes, yes – some lenders allow you to borrow money absolutely free.
Free loans – where’s the catch?
Importantly, not all loan companies grant payday loans to people with low scoring in BIK. If you want to be sure that you will receive additional funds, select the lender who does not verify the database in which your data appears.
How to do it? If you want to check which lenders do not check BIK, KRD, BIGInfo Monitor and ERIF Debtors Register, see our article (hyperlink).
Loan for proof
To borrow money, all you need is a computer (or mobile device) with internet access. You can do all the necessary steps online without leaving your home. To complete the loan application you will only need your ID card, account number and mobile phone number. For security reasons (you and the lender), the account must be yours alone. When borrowing, you can’t use your wife’s, brother’s or friend’s invoice. The verification of the application usually takes no more than 15 minutes. In the event of a positive decision, additional funds can fund your account just as quickly.
Before you borrow
The huge availability of loans via the internet and minimum formalities mean that more and more Poles are reaching for quick loans. Unfortunately, many of them make decisions too hastily, driven by emotions and the need for the moment.
Although spontaneous decisions do not have to be bad, a pinch of imagination and common sense can protect you from long-term, unfavorable (not just for the wallet) consequences.If you do not pay back the loan on time, the lender will have the right to start a stressful debt collection procedure. If his actions do not bring the expected results, he will be able to refer the case to an external debt collection company or to court.
The result of court proceedings can be bailiff enforcement – costly and extremely unpleasant. The severe effect of delayed repayment can also be the provision of information on debt to BIK and entering your data in the register of dishonest customers. And this will significantly reduce your credibility in the eyes of banks and loan companies.