Gällivare our town up north
Gällivare our town up north
European Teenage Consumers in a Globalized world
 European Teenage Consumers in a Globalized world

                             My Views on SMS Loans

 
Are you in need of a small amount of money quickly? It is common that many might see only advances to payday, that it is quick, easy and convenient, as the only option. I see, however, that payday loans are fast, expensive and work in the short term. If you only need to borrow a small sum of money to clear the last week to pay, payday can be seen as a positive and a good one-time solution, I think. If you also have problems getting loans granted elsewhere, for example, due to payment default, a payday is saved as many lenders in the market providing loans despite the fact that the borrower has a payment default. While people see payday as an advantage, there are also many disadvantages. Firstly, I think it is far too easy to apply and be granted a payday, this may result in creating an addiction. You get into a vicious circle and it can easily lead to end up at the bailiff. Payday is set to that of many young people.
 
Another disadvantage of payday loans is that the interest rate is higher than on ordinary bank loans and usually require you to pay back the sum relatively fast. The person is then not so disciplined when it comes to the economy in danger of falling into the vicious spiral of borrowing which eventually have to borrow to even be able to pay back their debts. Therefore, you should not apply for a payday unless you are absolutely sure that you will be able to repay its loan + interest on time. A clear example of getting people to pay back their loans without getting the magistrate's office, there is a statistics. In 2009, the bailiff in about 46 500p unpaid paydays, an increase of more than 30% since 2008.
 
I think of the various companies in the above table are now Ferratum anyone to my taste. They have great demands on their borrowers, such as contributing to their requirement that the borrower must have an income of at least 24.000kr year not so many young people can borrow and that young people who are unemployed can not use the service or have an addiction. In addition, there must not be any payment default by the company Klicklån also have, but Ferratum has accepted it under certain circumstances. Of the three SMS loan companies, I have chosen Ferratum lowest interest rates and let their customers pay off their own pace. But also let them new customers borrow the amount of money any time at first, but has a limit of 6000kr to see if the borrower will be able to pay it back.
Unlike Klicklån has Ferratum no fees except for a delay in payment, which is a reasonable and usual fee to have, which is another reason I'd chosen now Ferratum. Many smslåneföretag have hidden charges so that's an important thing to look up if you really would have to borrow. Why do not I chose Easy Credit is partly because the interest rate is high, I believe that they do not have enough demands on the borrower (for example, I think 18 years is too young to get to payday) but also for their specific payback as smslånsföretaget Klicklån.
 
I had never been able to take a payday, partly because it may facilitate that brief moment you need the money but in the long run, it does not work. It creates dependency and I'd rather save money, for example, to be able to travel. Could it be that I got an unexpected expense that I could not afford to pay, such as the car, refrigerator or dishwasher is broken, I had borrowed money from relatives or friends. It can not afford to buy the "bit of fun" or just because you want to have, you get to save.
 
Felicia L.
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