According to a survey conducted by the National Bank of Poland in cooperation with the Central Statistical Office (GUS), 37% of households have credit debt. This is below the European average of 44%.

A higher percentage of indebted families can be found in Cyprus, Finland, the Netherlands and Luxembourg. Poles willingly use the services of banks, but more and more often they reach for the momentary. What should be kept in mind in order to make borrowing online safe for us?

Match the amount of your online loan to your needs

Before we start browsing the offers of banks and lending companies on the Internet, let us consider what amount we need. Contrary to appearances, this is not an easy task, as many people are in debt for much more than necessary. If our car broke down and its repair costs 300 PLN, taking a loan for 1000 PLN is not a good idea. A small surplus in the household budget will certainly not permanently improve our material situation, and the money borrowed will have to be returned. Remember also that the momentum must be paid in full, so we must predict whether we will be able to accumulate sufficient amount of money within the time limit set in the contract.

Find out what other people think

Since we have already decided how much money we want to borrow, we can start looking for a loan company. It is better not to fill in the application form on the first page that we are about to open. Let's analyze at least two or three offers and see what the interest rate of the online loan is and the other costs associated with the commitment (interest, commission, insurance). Only when we know what the total value of our momentary payment is (i.e. the amount we have to pay back), we can register in the selected service and fill in the application form. Although the process of lending online takes only a few minutes, it is worth paying a little attention and carefully complete all the data. A mistakenly completed application will be rejected and we will not receive any money.

Read it before you sign it.

The process of obtaining a momentary via the Internet consists of several stages. One of them is the acceptance of the terms of the loan agreement. The document should contain information such as the term of the commitment, the total cost of the online loan and the amount of all fees related to the momentary payment. Please note that the contract contains a provision concerning the possibility of cancellation of the loan within 14 days from the date of conclusion of the contract. Let's take a closer look at the consequences of not paying a momentary payment on time and see if we can extend the momentary payment deadline.

Responsible financial management is a skill you can and even need to learn. Knowledge of spending planning and saving will allow us to prepare for debt repayment.

A risk-free loan is a simple and convenient way to borrow money from your home budget. Find out how to borrow safely.

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