Need money: coping safely with the alternative Creditstair
As we have seen, revolving credit is not a consumer credit like any other. With a total cost that is excessive and difficult to predict, it is potentially dangerous for the borrower who is not well informed or does not exercise a minimum of vigilance.
|Good to know: the Hamon law has introduced changes
The Consumption Law of March 17, 2014, known as the “Hamon Law”, restored power to consumers. Since then, at the point of sale, lenders are required to present to potential borrowers an alternative repayable loan to revolving credit for loans exceeding 1,000 euros.
For all these reasons, Creditstair does not offer this type of consumer credit. With us, the urgent needs of money can be filled without putting your cash in danger, through a fast and amortizable credit, to the fixed APR: the personal loan. The latter does not require any proof of project. In other words, you are free to use the amount of the loan as you wish. As a result, it also presents itself as a good alternative to the affected credit, which is linked to a specific purchase (this is called car loans, loan work, etc.).
Moreover, everything is done online from our platform, from the simulation to the credit application, through the sending of supporting documents (ID, proof of residence and income …). Once your file is completed, an answer is sent to you within 24 hours. And when you need money quickly, these details, if any, are far from negligible!
Personal loan in detail
If necessary, this form of consumer credit can be granted by a bank or a credit institution. If the steps to obtain it are simplified compared to other types of loans, the fact remains that the personal loan is framed by the Consumer Code.
Before signing the contract, the lending institution must provide you with a lot of information, such as:
- His identity and his address;
- The total amount due;
- The total cost of the fees;
- APR (annual percentage rate of charge), expressed as a percentage of the amount borrowed; and this, with explanations on its method of calculation;
- The existence of a withdrawal period (14 calendar days), during which you can waive the credit.
As for the amount, it can be between 1000 and 50 000 € at Creditstair, refundable at least in 6 months.
And the insurance borrower, in all this?
This is an optional insurance, which can nevertheless be useful in case of a hard blow. It applies in 5 cases:
- Total temporary disability;
- Partial permanent invalidity;
- Total permanent disability;
- Total and irreversible loss of autonomy;
- Loss of employment (be careful, this feature is optional).
Although it is difficult to know what tomorrow will be, it is up to everyone to measure the risk. Whatever the case may be, there are three elements that must be taken into consideration when making your choice: its resources, its assets, and its need for money (amount to borrow).
Having to deal with a need for urgent money can happen to anyone, without warning. Creditstair responds effectively and transparently. To have a precise idea of the monthly payments which would be yours, before making your request for credit on line, do not hesitate to use our credit simulator. It’s simple, fast, anonymous and completely free!
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