Getting a loan is a good way to get desired or necessary things needed immediately and without time-consuming investigations. But do not let the idea take over easily acquired money and before you take a loan, you should act carefully and consider a few things that you say in this article.
First of all, remember how important it is to choose the right kind of loan for the purpose for which it will use - if you're not quite sure, then please visit the characteristics of different types of loans on our website to learn more ...
Before you take a loan, you think about it what you will serve
When considering a loan to first think about why you want to take credit. Is this really necessary? Of course, there are a number of things for which the purchase through a loan and convenient (eg. In the case of real estate) also virtually the only way to buy the thing. But you always have to think how long it will PARTICULAR CASE TO USE, and then on the other hand, calculate how long it will repay the matter. If you already know in advance surely, this thing that you will repay more than it used loan would prefer not to take. It's obviously clear advice, there are always plenty of exceptions, and depends on the situation, but before you take a loan, try to ask this question.
Loans from banks
- If you take a loan from some large and well-known banks or companies operating in the market for some time, you have nothing to worry about substantial. Obviously ALWAYS read all the offered loan agreements, do not be afraid to give your time with them and everything unclear ask. Feel free to ask a bank teller or credit intermediary to do you a copy of the proposed contract, here you take home with you and there you see her in peace. The next day, return to the bank, clarify everything, what you do not understand when reading at home, and only then podepisujte. Do not be afraid of any udivených perspectives bank clerk, in many developed countries of the world such procedures normally work.
Compare offers from other banks, but also take advantage of the benefits of yours
Compare also offers loans from other banks than just yours - can be considerably more favorable. But always consider the following:
- Your "parent" bank, in which you have agreed current account where you need to go regularly payoff is often willing to offer you as its esteemed clients even more favorable conditions than those on a given bank product (eg. Credit) normally offered. However, the majority of them have to say for yourself. Do not worry, it's nothing rude or wrong, and maybe you will be very surprised at the result.
- But if you take a loan from another bank, almost always count on the fact that you'll have to set up a checking account there as well, from which to derive a dual account fees (plus necessary insurance, credit card, etc.) And in the finals Finally, you might find that the original cost loans from your bank competition has become the only unpleasant burden on your budget.
Focus on the arbitration clause
- When you read through the proposed credit agreement, then it does not focus if called. Arbitration clause (arbitration clause has already begun to put into their contracts, some large and well-known banks - but here the conditions of arbitration are not usually so rigorous, consumers may be able to solve the case court - which is almost always better for the consumer). I can usually find the small print somewhere between paragraphs. If this contract contains a clause, it is better not to sign such a contract at all, or indeed, be very careful that you are not one single day did not delay the passing installment.
The arbitration clause is entitles the creditor to repay the loan in the event (which it is even one day late) declare so. Arbitrator who actually replaces a judge and also in this case his powers. An arbitrator can be virtually anyone you designate a lender, just so she was a person having legal capacity and has reached the age of majority. The existence of an arbitration clause in most cases then lose entitlement to solve any dispute through the courts.
Verify your business or personal lending
- Then you should check, in case you are taking a loan from another individual or non-banking institutions that are duly registered in the Commercial and Trade Register. This little thing can save a lot of future problems.
It is also good personal recommendation of someone you know well - and the more people will give such recommendations, the better. You can also reach a great many people on the Internet, there are forums where the participants mutually share their positive and negative experiences with various companies and individuals doing business through the provision of financial services. Although in this case, you never know how credible it is, any person that is responsible, in general it can be said that such forums are a good indication of the solidity that the company or person.
Beware of loan scammers
We strongly warn against any company or person who will promise to grant a loan but under the condition that you initially will cost you! It does not matter if this "fee" will be called as a security for the loan, advance, bribe, payoff or as a means to cover the costs associated with processing your request. In most cases this is a scam - more about this type of fraud and other can be found in the section of financial fraud - credit fraud on our site.
