Payday Loans

Payday loan is becoming more popular

It is not easy for average earners to get a loan from a bank. Depending on the amount of the loan, they have to provide substantial security and convince the bank advisor of the purpose of the payday loan. When in doubt, credit institutions like to decide against lending and if they are willing to provide financing, customers have to accept comparatively unfavorable terms.


Private loan

Private loan

Few citizens know that there has been a very successful private credit market for some years now that has established itself on the Internet. One of the best-known providers is Totallend Credit, a brokerage platform for private to private loans. Anyone wishing to take out a loan through Totallend Credit must first submit a formal loan application and provide evidence of their personal financial situation. If the creditworthiness is sufficient, the prospect will be admitted to the marketplace and may create his own loan project. A private loan application includes information about age, gender, professional group and federal state.Totallend Credit supplements the personal data with an indication of the creditworthiness of the prospective customer in order to enable potential investors to make an exact risk assessment.

Those interested in credit can choose between $ 1000 and $ 50,000 and initially set the loan interest themselves. It is important to act with a sense of proportion, whoever sets the interest rate too low will not find any private investors and whoever sets the interest rate too high will have to dig deeper than would be absolutely necessary. Ultimately, supply and demand determine the amount of the loan interest – which is generally cheaper than that offered by banks and savings banks.


Consumers who have a loan

Get from private have a great savings potential, which you should definitely exploit. In particular, private or professional projects for which normal banks do not offer loans because they cannot assess the risk still find their investors on Totallend Credit. It is not sober bank advisors who judge lending, but ordinary people in the middle of life, who sometimes follow their personal sympathies. The borrower does not have to deal directly with the investors. Totallend Credit acts as an intermediary between the borrower and the lender. The company checks the creditworthiness, pays the loan and collects the repayment installments.