How is the Loan Repaid Without Proof?
Recently, loans have been gaining in popularity, which require minimum formalities when concluding a contract. Indeed, it has become quite a serious competition for traditional banks, which before they issue any cash payment to the customer, first thoroughly screening the creditworthiness of the client. Such a procedure was introduced as a result of changes in regulations by the Polish Financial Supervision Authority.
The advantages of fast cash
People who need a quick cash injection usually spend borrowed money on consumption. Expenses related to holidays, holidays, family celebrations often go beyond average financial possibilities. But let’s not forget that we also eagerly reach for such loans in the event of unexpected expenses, when the car breaks down or we have to renovate our flat. A small percentage of borrowers use loans to pay off their previous debts.
Certainly people who do not have regular income due to work, or have some unpaid payments, do not have to count on a loan in bank branches. Therefore, the only solution becomes non-bank institutions. Most of them are not really interested in the client’s history, as well as its income. In return, they offer loans without certificates for small amounts, with a short payment period. Most often, for the first time, you can borrow about 1000 PLN for a period of up to 30 days.
Many non-bank institutions wanting to attract the client, offer the first loan for free. The promotion is that the customer gives back exactly as much as he borrowed. This is a great offer for people who use such products for the first time, and who do not have too many opportunities to pay accrued interest.
Are you sure that all non-banking institutions issue a loan without certification?
You can find out about this by browsing all the offers of payday loans, i.e. quick loans. Some of the companies are more cautious and the scanned ID card may not be enough for them. Therefore, what else can they pay attention to when considering the application from the client? For sure whether they are no longer insolvent debtors. A special register of debtors is used for this purpose. If the customer is on it, then it is a warning sign for the company that the person is not necessarily willing to pay his or her debts. Another security is asking the potential borrower for bank statements from the last few months. Thanks to this, the parabank is aware of the fact that the client has a source of income, and thus the conditions to pay off the payday.