There are situations when debt is indispensable. And at this moment often comes across an advertisement for microloans on the most favorable terms. Should you believe such an advertisement?
Of course, in a difficult moment, it is easier and most profitable to turn to relatives or friends in order to borrow money from them. Usually, such a loan is carried out without a contract and interest, so in case of problems with repayment, it is easy to agree on a deferral. And if you repay the debt in good faith, you can hope that they will help you in the future on the same favorable terms.
But what if there are no such acquaintances or relatives, and the bank failed to collect a package of documents? At such a moment, there is always an advertisement in which they assure that you can apply for a microcredit with a passport, without other documents, and also without guarantors and immediately, after 10 minutes, get money.
Such offers are very unprofitable for recipients of microcredits, because it is worth reading the agreement carefully, it turns out that the interest rate is around 1% per day, that is, 365% per annum! That is, taking a loan of 5,000 rubles, in a year you will have to return an amount that is several times more than the amount borrowed. Is such a loan worth the risk if, if it is not repaid, its debts are usually sold to collectors and a hassle begins, which may end with the loss of all property, as well as housing? Of course not.
What conclusion can be drawn from the above? Obviously, microloans are extremely unprofitable for recipients. It is much better to save a very small amount from each salary, save 10,000-50,000 rubles in case of unexpected troubles and live in peace.
