After the payday loan, we can go to both the bank and the payday loan company. We can also apply for a payday loan via the Internet to a non-banking institution if we want a payday loan without checking in the database. What are the advantages and disadvantages of such offers?
The indebted persons most often use the payday loans offer via the Internet and without , because they are addressed to them. When you are a debtor and you quickly need extra money to repair your home budget, this offer is just for you. In a similar situation in Poland there are many people who can not count on the help of banks.
What is payday loan without ?
Non-bank payday loans are generally granted on more convenient terms than payday loans in banks. We can receive money quickly, conveniently, often also via internet – without leaving home …
Most often, payday loan companies require from customers good financial situation and no debt recorded in the registers of debtors. Others, in turn, no longer take into account the debts of potential customers.
Therefore, payday loan without is a payday loan that we can receive even in the presence of debtors, including (Credit Information Office) or other databases.
In general, the lack of checking information in the debtors’ databases or not taking them into account by the payday loan company is quite risky. Then there is a big danger that the client will not regularly pay off the debt. This, in turn, translates into higher commissions and interest rates – therefore, a payday loan without will cost significantly more than the one at which the company checks customers in databases.
Therefore, before using the offer, we should always think well whether it is a good option for us. It is also worth applying for a payday loan via the internet , because the application takes just 5 minutes and thanks to the possibility of instant payments, the transfer and waiting for money will take up to 10 minutes!
The most important advantages of payday loans over the internet and without :
• payday loan without checking in debtors’ databases
• the possibility of obtaining a high sum on simple terms
• easy accessibility – also via the internet
Main disadvantages of online payday loans without :
• higher APY than in the bank
• additional costs in the event of non-repayment
• sometimes the need to submit additional documents, eg from the employer
• the danger of hitting an unreliable payday loan company