It would seem that the indebted person does not have the slightest chance to get a cash loan for even the smallest amount. In reality, however, it is different. Even a person in debt can borrow money and thus pay off another cash loan. There are at least a few places where we can incur such another debt.
Let’s start with the so-called cash emergency
Here you can get loans ranging from USD 1,000 to a maximum of USD 25,000 with a loan period of between six and 36 months. The credit decision is instant and the borrower who repays the debt collector’s debt may also incur a liability. APY here is high and equal to 89.93% per annum, but on the market you can find much more expensive loans for people in debt.
The Cash Maker is another place where our indebted one will get another cash loan
Here the range of amounts is lower and ranges from 100 to 2 000 USD . The liability can be repaid within 15 days, within 30 days or in two installments. Lack of customer verification in the Credit Information Bureau increases the attractiveness of this offer. In addition, if it is our first loan, it will be completely free. We do not need to have any income statement and we may have a different debt and account. We’ll get a loan here, but the second loan will cost us dearly.
Capital Credit Lending offers clients cash loans up to USD15,000, for which repayment must be made within a maximum of 48 months. A minimum of formalities and an available loan calculator on the internet allow you to check how much this loan will cost us. As for costs, they are really huge. The APRC here is 197.61% per annum.
Having other debts by adding even more debts can really worsen your situation
The cash register installment maker is one of the novelties that have recently appeared on the financial loans market. In this institution, the indebted person has the option to incur liabilities from USD 1,000 to a maximum of USD5,000. The liability can be spread over a minimum of six installments, while the maximum liability can be repaid over a period of two years. The loan decision is instant and you can get it in up to a quarter. We will deal with all formalities online without sending any income statement. Everything is beautiful, but where is the catch? Well, APRC contributes as much as 160% annually here. As you can see, this is a costly loan commitment and it is worth thinking about whether we can afford more debts as a person in debt.