Recently, it has become very popular to take payday loans, i.e. express loans for proof. Due to the growing interest and the growing number of clients, dynamically developing loan companies whose operation is regulated by the payday act, i.e. the anti-usury act.
A quick loan for everyone
Chwilówka is a loan that requires only basic personal data from us. Non-bank companies do not require certificates confirming solvency. The popularity of payday loans has increased for several years, so some organizations have started to introduce strange legal features in their contracts. The payday act is just what will shorten legal licks and protect customers.
Law on payday loans – anti-usury regulations
Certainly, the amendment to the payday bill will stop all unfair activities somewhat. Therefore, only companies that offer services in accordance with the law established by the Ministry of Finance will remain on the market. Therefore, the activity will pay off only to entrepreneurs who are already conducting honest activities and avoiding pathologies, which, unfortunately, crept into this level of finance. Any unlawful act will be severely punished. Thanks to the law, which is to enter into force this year, customers of loan companies can feel safer, and the negative opinion about payday loans will change.
Thanks to this recipe, parabanks became a much more reliable place to borrow money. So you can easily choose what you prefer credit or loan.
Offer of loan companies
Of course, safe payday loans exist, all you have to do is choose and read the contracts carefully. The new act refers to regulations on the amount of non-interest costs, which may not exceed 45% per annum. With shorter liabilities, six months, they can be 32%, and monthly contracts – 22%. These restrictions will shorten the arbitrariness and allow for safer use of services.
Honest loan companies will have no problems, as their high market position is successively strengthened. It is the customer who decides who to apply for a loan for, which is why the payday act will allow loan companies to draw conclusions.