Fast and easy payday loan for bad credit
If you want money in your account quickly, maybe even within 24 hours and you have bad credit, a so-called payday loan for bad credit is a good solution. And if payday loan for bad credit is what you are looking for then you have come to the right place on our website https://www.mandello.org/. Lending money quickly can in many cases be arranged within 1 working day.
Before you take out a loan, always check the total costs. Be absolutely sure that there are no hidden costs, which can give you a nasty surprise afterward. Make sure you know where you stand. It is not for nothing that you come across the slogan borrowing money costs money a lot. However, it should also be added, know how much money borrowing costs you!
The market leaders in the field of flash credit are currently a balance and Merratu. They can quickly lend you an amount of up to 1500 Euros. The entire process is completely online
Do you know what amount you want to borrow?
With a balance dip, you can borrow a maximum amount of € 1,500 for a maximum duration of 60 days. You can go here if you need money right away.
Merratu, another major provider. Here too you can easily borrow a small amount and easily request a quote within a few minutes. You will then be kept informed of the status by e-mail. The amount you can borrow here and the maximum duration here is also € 1,500 for a maximum of 60 days.
You can borrow money quickly from both providers.
How much interest do you have to pay?
The interest is relatively high for a mini loan. If you need money for a longer-term, then this is not the best choice. In that case, it is better to look at a revolving credit or a personal loan. The interest rate for this type of loan will be considerably lower.
However, since the duration and the amount to be borrowed are relatively low, the interest payable in absolute form is not too bad. But still, you pay a considerable amount as a percentage.
Prevention is better than cure
Of course, it is always best to ensure that you do not end up in the situation that you need money quickly. This is not always easy, especially if your income is not too high.
Good planning is essential here. Even if you put a small amount in a savings account every month, you have built up a buffer over time that you can fall back on.
Even if it is only € 10 or € 20 per month, after a number of years you still have an amount that you can rely on if you need a new washing machine, for example. If you have a financial windfall, it is certainly wise to place at least part of this in a savings account.
The interest that you receive on a savings account is unfortunately negligible today. Nevertheless, in situations like this, it is advisable to put the money in a savings account and, for example, not to invest with it. This is because you need to be able to access your money quickly and you do not want to run any risk that if you need the money, for example, the stock market will fail and part of your money will have evaporated.
The conditions for borrowing money quickly are much less severe than other types of loans. For example, there is often no BKR check. However, a number of years ago legislation and regulations were drastically amended. Until then, loans with a term of fewer than 60 days were not subject to the supervision of the AFM (Financial Markets Authority).
Fortunately, that is now the case. This means, for example, that the costs that may be charged are linked to a maximum. For example, costs may not exceed 16%.
Hidden costs are thus limited. Nevertheless, it is good to always use the principle: trust is good, knowing is better. It never hurts to ask by e-mail that there are no further costs associated with the flash credit. In this way, you always have a confirmation by e-mail where you can fall back on if there are any problems.
Because flash credits or mini loans often involve an emergency situation. For example, a washing machine that is broken, a pet that needs surgery or the car that stops. This was sometimes abused by various credit providers. The costs that were calculated were sky-high because the people, as it were, had no choice. This is fortunately past tense..
Although no BKR review is done, it is always advisable to only borrow within your budget. Borrowing money costs money, so make sure you are able to repay the borrowed amount within the specified period.