Are online mini-credits the way out of our problems?

 

Online mini-credits continue to expand despite the reputation that has always accompanied them. There are many people who request them, but there are also others who distrust them due to the high interest rates of this type of Internet loans. There are reasons, which we will see below, that explain why the fees for these credits are higher. However, we must bear in mind that they are designed for very specific situations and that they could help us resolve according to what moments. Therefore, it is important that before requesting mini loans we know all the necessary information to use them responsibly.

3 mini-credits online to cover economic contingencies

The online mini-credits have acted as an economic relief for those people who during the crisis lost their ability to save and, therefore, their ability to solve economic contingencies. However, its success has extended until now that the economy is recovering slowly, therefore, it is possible to think that its business model triumphs beyond that context of crisis.

This type of companies that offer quick mini-credits do not have to be seen as a usual escape route to our financial problems, since they are not designed for it. However, if we are in a situation where we urgently need money because an economic setback has arisen that we can not cope with, mini-credits through the Internet can be of help . Therefore, if we are in a situation like this, we can resort to online loans that stand out from the market as the following:

Lender Max. Cost € 100 to 30 days Advantage I’m interested
Kredito24 € 750 € 35 Accepts clients in ASNEF
Apply for
Vivus € 1,000 € 28

First mini-credit for free

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That good € 900 € 27

10% discount on interest with the helprome17 code

Apply for

The mini online credits that we have just seen should be seen as an alternative when we seek funding for a situation in which we need money with great urgency. An example of this would be an invoice with a cost higher than what we expected and for which we have no solidity at the time to cover it. However, the repayment of a mini loan is made in a maximum of 30 days, hence they must be used as a punctual option. When we ask for this type of loans online, we must be convinced that in this short period of time we will get the money to pay off the debt. In this way, it could be the solution to our problems. In fact, we could even disburse the loan capital in advance to save interest.

In addition to the term, the cost of mini-loans is higher than in other types. But this is explained, among other things, because the company must compensate the risk assumed by offering money to customers that it does not know previously. Anyway, if we ask for a small amount, the cost of an online mini-credit will be affordable.

Tips for responsible employment of the mini online loan

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As we have already mentioned, online mini-credits can be effective to cover certain expenses that we did not expect if we are aware that they must be reimbursed within a maximum period of 30 days. The key to requesting these loans online take us out of an economic hurry is to make a responsible employment of them. Therefore, we will see the following keys:

  • Obviously, the main thing is that we have clear that we only have to ask for them if the need is real, not as a frequent option.
  • Before requesting this type of loans online, we must study our ability to pay money on time and our level of indebtedness. We must bear in mind that it is not advisable to spend more than 40% of our income to settle debts .
  • We must be careful with the amount of capital that we request and with the established return period. It is not recommended that we ask for more money than we will use to cover the unforeseen, as the interests will be higher and we could complicate the return process.

In addition to making responsible use, there are ways to lower the cost of these credits:

If we are going to request mini-credits online, but we can return the money before the usual 30 days, we must contact the company to request that they allow us to amortize the loan in advance . Generally, most private equity companies allow us to make this payment for free.

Another aspect that we could take advantage of is that, due to the increase in competition from the Spanish credit sector, every day we find more minicredit offers on the Internet with very attractive promotions for their clients. This is the case of free mini-credits, with which we can get money and not pay interest.