MonthFebruary 2019

Quick Loan Accumulation | Online Credit

What does the term ” quick credit ” mean?

What does the term " quick credit " mean?

 The term ” quick credits ” means that the time required for approval is as short as possible. It is for this reason that this type of online credit is more preferable to the general public – rapid take-up means less disgust for people who have an urgent need to pay a loan, to pay an account or simply can not wait for weeks get your desired credit!

Also called fast money, this type of credit provides quick and easy approval as the number of private creditors is high and competition is fierce, and everyone wants to get a bigger piece of the market. That’s right, and you can get numerous and varied “bonuses” for your credit, such as “pick up the leva and return the same amount for up to a month” or “take credit for X months and we’ll pay X months out of them” many more, many other different bonuses you can take advantage of

What is the difference between fast credit, online credit and other types of credit?

What is the difference between fast credit, online credit and other types of credit?

Having such a large variety of types of loans can be confusing, so you may need to look at the types of loans before you even choose a lender. Some of the types of credits are:

  • Fast loans – as explained above, these are loans with a rather shortened approval procedure and the required application documents, which means that even the credit drawdown itself is in some cases even minutes after the application;
  • Loans online – these can be loans from both bank and non-bank institutions, and the convenience is that at least in most cases you do not have to leave your home to apply;
  • Fast credit online – this type is probably the most preferred because you do not have to go to offices of credit companies or banks, and you can go through (almost) the entire procedure sitting on your couch at home. In addition, you will be able to get the money at the same rate as one of the fast loans – for hours, sometimes even minutes.

These are the three major categories of fast-paced loans in Bulgaria, not including the category of bank loans, as much of these loans take much more time to apply and approve and you will need more documents.

Taking into account these three main categories, you can judge which will be the fastest, easiest and most convenient way to you, as of course, of course, learn more about individual private creditors and non-bank institutions.

Why borrowing money is so popular?

Why borrowing money is so popular?

 Almost every Bulgarian is aware of the feeling at the end of the month when almost all of the salary is over and has to survive for 2-3 days in the jars of pickles from the village. This feeling is also at the root of the cause of the unprecedented interest in fast credit, or even known as ‘ quick money ‘. The many facilities that offer this type of credit are another good reason for the Bulgarian people to respect this kind of financial aid. Fast approval, minimal documentation, and a lot of fast online credit are some of the pros and cons of these loans, of course we will not forget that both the interest rate and the returning money are also not underestimated in this case as private creditors are fighting both with its non-bank competitors and with the banks. This forces them to reduce and lower interest, so you win!

How can you get a quick credit ?

How can you get a quick credit ?

The procedure for getting a quick credit or quick money is quick (as implied), easy and with minimal effort, especially if you target credit online.

In a few steps it will be shown what you need to do to apply for such a loan and if everything is fine – how to get and then repay your credit.

Step 1:

Before you rush to apply for a loan, it’s a good idea first to find out more about the creditor you choose on the Internet or, if that’s not possible, simply jump to the nearest office of the institution and question the staff there for the terms.

It is also good to ask friends and acquaintances, as well as take a look at several forums again on the Internet for opinions about the credit institution you choose. It is better to invest your time in this now than when you have a unprofitable credit offer and you have to work extraordinary to get back your debt!

Step 2:

Once you know which private lender is the most appropriate choice, you can choose how to apply – go to an office or head to the online loans offered by any non-bank institution.

Of course, if you have a computer or smartphone with the internet, it’s all right to do everything online, as this avoids any queues or annoying questions that will be given to you by the credit consultant. In addition, you can find out what documents and data are required from you (ID card, passive income and contract earnings, whether you are renting or in your own home, etc.) and enter them at any time of the day.

But if you do not have the option or just prefer to stick to the “classic” way of applying, you should visit the institution’s office, answer the consultant’s questions and fill in the questionnaire required for your application.

Step 3:

No matter how you decide to apply, the next step is to wait! You will most likely have to make a phone call with a consultant from the creditor company to confirm that you have applied for credit and the information provided by you is real. Also, in case you have asked for a guarantor or guarantor, you should warn him to expect a call from the creditor’s office.

Step 4:

The final step is to approve and, in the receipt of one, to receive the loan amount. If you are not approved, you will receive a call to let you know, but do not expect to explain why – the law does not allow it! In this situation, you have the opportunity to apply again in a few months or if your financial situation is significantly improved, but you still need credit. The other way out of the situation is to apply to a competitor, but be prepared to get such an answer because most creditors have similar requirements.

However, if you are approved, the consultant’s call will please you! From now on it’s easy – if you have not entered the way you want to get your money, you will be asked! Whether in a bank account, in the office of the company, through a courier company or in many other ways.