Advantages of non-bank loans – is it worth taking a break?
February 19, 2019
Advantages of non-bank payday loans – is it worth taking a break? Standing before making a decision on choosing a payday loan, we usually choose one of two ways: a payday loan in a bank or a non-bank payday loan. As a result of many myths that have grown up in recent years, in most cases we decide to go to the bank: only 3% of Poles admit to using the offers of parabanks.
The remaining 97% do not seem to realize that in many cases they are a much better solution! And although we will not get a mortgage in a company of this type, we will certainly be able to finance the car thanks to its services, and it is not so cheap. So when is it worth knowing deeply the services of companies offering non-bank payday loans and payday payday loans and what are the most important arguments supporting the thesis that it is sometimes worth turning to them instead of classically going to the bank?
A fast non-bank payday loan alternative to a credit card
Almost half of Poles already have it in their portfolio – and as many of them would like to free themselves from it, but they do not have a repayment obligation. Speaking of a credit card – a tool that can be very helpful and give us the opportunity to build a positive credit history in BIK, but constant access to it involves the risk of spending too much cash. It results from one simple rule – until the limit is available, we are deluding ourselves that we will manage somehow within the period of interest-free repayment period (the so-called “grace period”). However, there are small financial problems, and we are already forced to spread the repayment for two months, but still using the card after some time we lead to the situation when the limit is almost exhausted, and the minimum repayment sums our budget. In this situation, the credit card is no longer a salvation in a situation where to pay a few more days, and we lacked the livelihood, but a frustrating piece of plastic, which we still pay, but the funds do not increase.
It is in a situation in which we run out of cash for a few days, we recommend non-bank breaks. Their name comes from the specifics of such payday loans: they are usually granted for 30 days. An absolute novelty on the market are payday payday loans that can be spread over two installments payable in a 30-day interval. Apart from the fact that they do not tempt us like the mentioned card, they have another advantage, resulting directly from the offer of many, though not all, companies offering non-banking payday loans. In order to gain the trust of our clients, they propose completely new free payday payday loans, thanks to which we are obliged to pay only the amount we borrowed. This is by far the best alternative to a credit card, completely non-binding, and above all without any costs.
Freelancer and student too man!
Self-employed people know very well the problem that arises when talking to a bank employee when applying for a payday loan. Half of all poverty if we have our own business activity: just to provide tons of documentation. These include revenue and expense ledger books, often from the last 12 or even 24 months, certificates from the Revenue Office about incomes for the previous year, ZUS certifications about not paying fees … this list could go on forever. Nevertheless, it is possible to obtain a payday loan or credit.
What does the situation look like if our own business is simply unprofitable for us and we work on a contract of mandate or for a work? In the end, the vast majority of freelancers: graphic designers, translators and musicians, do not achieve such a high income at the beginning of their professional career, to also handle the ZUS monthly payment (the premium amount again this year has risen again and amounts to over PLN 1,100 monthly). In this case, contracts for work and orders are completely useless – it is very rare for a bank to payday loan us. It happens only when we have been working in this way for a very long time and we have achieved high revenues.
Opposite to the needs of such people, payday loan companies are coming out – for them the type of contract is not important for them in the majority. Unless we get a payday loan for proof, we can be sure that by submitting contracts – orders and for a work, we can safely get money even for a longer period of time. This is a great solution, especially if we have to invest in the development of our workshop – as a rule, these are not staggering amounts, but banks will hardly ever support us.
Speed, convenience and money immediately on your account
These are the most important advantages of non – bank payday loans if we were in sudden trouble even in the middle of the night. The whole process of granting credit – from creating an account to transferring money to our account – takes place completely online, all we need is a computer with access to the Internet and an ID card. If we apply for more money, it may be a good idea to send employment data in the form, but not all companies require it. If we are under time pressure it is good to look for a company that has an account with our bank – then the whole procedure to receive the money will take only a few minutes.
Non-bank payday loan: a solution worthy of recognition
As can be seen from the examples above – the offers of banks are not the only interesting solution when it comes to solving our problems in the absence of cash. Companies offering non-bank payday loans offer us a number of interesting solutions that may interest many of us. The most common argument of opponents of parabanks is the high interest rate on the payday loans they offer, which is also not true – zero interest rate on payday payday loans is a phenomenon not present in the banking offer. In addition to all these advantages, it is also worth mentioning attractive offers for regular and reliable customers, for whom we will be regularly informed by non-bank companies if they agree, and which usually appear when most of us need quick cash – in other words or holidays. It is definitely worth to read the parabanks and be convinced.