Negative loan, know the options!


Generally, when you are going to apply for a loan, the financial institution consults with the credit protection agencies whether or not you have a negative name. If so, two things happen: most finance companies deny credit and those that provide charge higher interest than if you had the name ‘clean’. But it is possible to get a loan for negative and clear your name from the list.

If you are looking to clear your name, you can have two options: the personal loan for negative or the payroll loan. Before you go around looking for borrowed money, be careful not to fall for scams or trust anyone. Always look for a bank. Easy money doesn’t exist!

Loan for negative-personal loan

Loan for negative-personal loan

Banking institutions offer this service to anyone with a dirty name. However, interest rates are higher than normal, due to the increase in the guarantee the bank has on the customer’s payment.

But stay tuned. The greater the number of installments, the greater the interest. But most of the time there is no escape; to clear the name the debt must be paid.

Planning is the most important thing at this time. Freezing spending is necessary. Delaying the loan installments can “open up the hole” in which you find yourself.

Negative Loan – Financial

Negative Loan - Financial

Some finance companies are experts in offering credit to negative customers. In this case, the credit is released only to public servants, retirees or pensioners. Credit can be released easier and up to 24 hours. But interest can come close to 20%.

Negative credit – Payroll loan

Negative credit - Payroll loan

Payroll Loan where the payment of the credit will be linked directly or to the benefit (in the case of retirees or pensioners) or on the Payroll (for Employees or civil servants).

The finance companies, in some cases, accept a house or own car as collateral as well. Look for the best medium for you. Always remember to read the contract well, see the payment terms and consult the Total Effective Cost (CET), which is the amount of the debt together with the fees and interest you will pay until the end of the loan.

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