Receiving quick credit today is easy from the couch. While loan seekers used to run out of shoe soles and could only access a tiny fraction of the market, today the Internet provides access to a hundred or more offers within minutes.
Credit already in the bag
Credit Loan as Emergency Reserve
The second option for obtaining credit quickly is the availability of the current account, the credit line or, in short, the disposition. Banks accept it if you go down with the account. How high the disposition limit is, is in your contract documents or on the bank statement. For salaried employees, one to three net salaries are customary. Practical at the dispo is its high flexibility. He can be used as credit on the account. You can make transfers or withdraw cash, direct debits are redeemed. The fact that the Dispo is one of the expensive loans, has meanwhile gotten around. The financial institutions demand about 10% on average, branch banks are usually a bit more expensive. For that reason alone, the use of the Dispos should be limited to short periods, such as one month to the next salary payment. But much more important is that in an already overdrawn account of the Dispo loses its function as an iron reserve and then can not help in an emergency.
Express credit when all other options are exhausted
The same rules apply to instant loans from the internet. The interest rates are at the level of Dispos or above. The lenders conclude from the desire to quickly get credit that it must be bad for the finances of the prospect. The risk of a default is high, and so are the interest rates. Nevertheless, the quick loan can make sense, as dunning costs and other consequences of late payments are significantly worse. Search on different portals because they do not always work with the same banks. Your entered data will be forwarded to all cooperation partners of the agents. An initial pre-approval assessment will usually take a few minutes, and after submitting documents electronically, it will take a few hours to complete a contract. The money can be in your account the next business day.