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How to take the microloan, and not fall into bondage?

Shkolazhizni.ru :.: Article 19.07.2019 at 21:00

Shkolazhizni.ru :.: Article

We Often hear, and maybe get yourself in a situation when urgently needed money, not too much — add to purchase, for example. Or is a repair and urgently needs to buy more materials, or a broken down car, or fell a sudden illness. Source of income we have, and the amount is not exorbitant, why not "intercept" a quick loan, the more that the process of registration is simplified to the limit. And here we turn to a microfinance institution (MFI). Everything is fine, a contract is signed, the MFO issues a required amount and satisfied the borrower uses the money depending on their needs. What a happy period is injected... the Borrower for any reason you are not able to repay the debt, while "counter" wildly pulls huge interest on the loan. In the end of the court, which asked MFIs to time, are involved in the bailiffs — the prospect is, quite frankly, joyless. Meanwhile, the debt amount including accumulated interest is nearing number with six zeros. It also happens that the account of the debtor Bank where almost all the polls get salaries and pensions shall be charged a round sum. This MFI has sent the court order issued at their request, directly to the Bank, and the Bank, according to this document, listed a corresponding amount. What to do? Photo: Depositphotos Well, first, avoid situations where you need to get money refreshing in the memory of the pearl of folk wisdom, like "free cheese is only in a mousetrap" (it's about the ease of solution and attractiveness conditions). And also remember about the famous at all times the phrase about the money "not their time", and retribution, which is always "its for good." But the people who follow this, of course, common principles, are unlikely to be reading this article — they have no such need. The second practical tip: carefully read concluded with the MFI contract. And when reading is necessary, except for items on terms and repayment options, carefully study the information on fines and fees. So organizations are happy to report that if you can not repay the debt on time, it is possible to prolong the contract but it is silent about awarded for this percentage. Also, make sure that the interest rate that you expect, correspond to the real and not different from it at times in favor of MFIs. It often happens that the information about the attractive interest rate is such that it catches the eye, and the customer the impression that this condition applies to all contracts, but in reality it is not so. You should be aware also that you have before signing the contract have the right to obtain information about the total amount of money you need to pay and repayment schedule. That equally applies to online lending. What laws refer to? Photo: Depositphotos Microcredit refers, of course, to services provided to consumers. Thus, in case of disputes, the borrower should arm themselves with the law of the Russian Federation of 07.02.1992 "On protection of consumer rights". The law is periodically edited and corrected, the later version of the law held in 2018. The concept of "micro-loans" was introduced in 2010 by law No. 151-FZ "About microfinance performance". And very important to know that it stipulated restrictions on lending and the interest rate. So at various times established different limits on the interest rate: at first it was 4%, 2016 3%, 2017 — 2% from 1 July 2019 the rate is 1%. About the limitations on the interest and penalty amounts stated in articles 12 and 12.1. It is pertinent to highlight a few points: Total penalty shall not exceed three times the amount of the principal debt.You can't impose fines for early repayment. If the consumer is paying the debt, did not meet the contractual terms, the interest on the debt balance calculated at the interest rate of the Central Bank, and not on the interest rate specified in the contract. In conclusion, we wish that in life we rarely have a situation that requires urgent making considerable sums, and there is no money and nowhere to take them, except from MFIs. But if such trouble has happened, it is necessary to be attentive to the terms on which the money taken in debt, and not to forget about their rights. ...

This article describe tags: microloan, microfinance organizations, credit, interest loan, money debt, practical tips