Every now and then we can find tempting ads for loans on the spot, as well as payday loans without credentials. Probably more than once we wonder where the catch lies. It may turn out that the advertisement was created only to attract as many customers as possible. Of course, such a move would not be ethical. But actually not all customers can count on a loan without a certificate, the so-called cash on hand.
Who will receive an instant online loan?
Following the promise of a promise in advertisements from non-banking institutions, it should be remembered that they concern a specific group of clients. In the end, the company will not provide financial support to insolvent people. But how can it be checked if the loan is to be granted as an ID card?
The whole secret lies in the insight into personal data, and more specifically to special sources, in which the data of a potential client can be seen as a debtor or not. Such sources include, for example, the Credit Information Bureau, the National Register of Debtors, or the Economic Information Bureau. If only an unpaid information about the unpaid receivables appears next to the surname of the applicant, then usually the client can not count on a loan, although there are companies that will grant loans to those people.
A loan without certificates and income
Regarding the requirements related to receiving regular income, non-bank institutions have a different opinion. Many of them, however, go out to customers with a large loan of trust. Namely, if they do not appear on any debtors’ lists, then they receive loans without any additional income certificates. However, if there are any doubts, the client may be asked to extract the account for the last few months, or he will have to fill out a special statement that he has a source of income of a certain amount. Then the non-bank institution does not penetrate from what title this money comes.
Persons who want to disclose some information about their income must be aware that in the signed agreement with the loan company they submit a statement settled in accordance with civil law. Therefore, if he made a false statement, it can be accounted for in accordance with the relevant provisions. The consequences will certainly not be nice for the customer who wanted to borrow money, without the guarantee that he will have to pay off his debts.