Loans via the Internet are a very popular form of borrowing nowadays. The possibility of requesting and withdrawing funds via the Internet is currently offered by almost all companies and financial institutions that have loans in their offers.
Almost everyone has access to the Internet and can do it within a few or several minutes. Currently, it is not a time-consuming or complicated activity, so it attracts a multitude of clients.
Are online loans safe?
Taking credit for many people is associated with the fear of whether it is safe for sure. A lot of people are afraid of leakage of sensitive data like PESEL numbers or ID cards. These are understandable concerns, but as a rule, there is nothing to fear, because Institutions that offer loans over the Internet, usually reliably protect their IT systems. Nevertheless, there is a common belief that taking online loans or borrowing money on the Internet may be a potentially dangerous activity that may expose an applicant or a person interested in such a loan to unpleasantness in the form of, for example:
- Unclear terms of the contract,
- Higher repayments than initially agreed,
- Leaking sensitive data of the requesting person etc.,
The general belief that borrowing via the Internet was a potentially dangerous activity is present by repeating unflattering opinions about online loans. This state of affairs is unfortunately the result of not quite a fair policy of some entities offering and granting such loans. It is impossible to ignore the existence of dishonest companies on the financial market, using so-called usury and offering the best lending conditions on the market, where, unfortunately, the Borrower only plunges with such debt (often the so-called parish bankers expect a return of up to three times the value of the loan granted).
The activities of dishonest companies in the field of granting internet loans
The activity of dishonest companies on the financial market in Poland is noticeable. Many companies offering loans granted via the Internet, of course, on convenient terms, which are often called “a real opportunity” and “the only chance to improve their financial situation”, is really looking for gullible people, catching on to the bewilderment of advertising slogans or real people in need and desperate, who will do anything to get the money they need.
Unfortunately, these people are often deceived. Often it turns out that after signing a dozen or so parties of a contract written in a language not very clear to the Borrower, but allowing almost any interpretation in its favor for the parabank, it comes out that the benefits of signing the contract will only have a company providing the loan and the Borrower with the amount to repay much higher (often 3 or 4 times higher than taken in the form of a loan). In addition to repayment in a very short time, which is usually impossible to implement by the Borrower. Then interest on the loan comes into play – obviously equally unfair and high, as the final amount to be repaid in relation to the very short time that is to be repaid.
What exemplary methods are used by dishonest companies?
The company also adds other fees to the interest due to the lack of repayment of the loan on time, such as PLN 70-100 for sending a letter with reminder of repayment or even for telephone contact on exceeding the repayment deadline! This is a way to draw the Borrower into serious problems, such as debts growing at an alarming rate, which is on the hand of a dishonest company that granted a loan and in this way becomes even richer.
In such situations, it is not difficult to not trust online loans. Nothing inspires confidence, such as a visit at a branch of the Bank and direct contact and consultation with a Bank employee who accepts an application or translates clearly the terms and conditions of its repayment.
How not to get caught up with dishonest companies?
Parabanks and “usury” companies are unfortunately present on the Polish financial services market, but this does not mean that all loans granted via the Internet are a trap, through which we will fall into even larger debts.
Remember that for an online credit to be completely safe, you should be interested in the most-praised offers of financial companies, which are little known or have been on the market for a short time. Let’s look for offers on which we will have 100% confidence and where a company or bank employee will explain all doubts in a calm and peaceful way and will answer all questions patiently.
What should you pay attention to be sure of the integrity of the company or institution providing internet credit?
- Exactly check and read the contract before signing it,
- If we do not understand any of the points in the contract, ask for an explanation and ask for details,
- Let us not sign any contract without feeling that we are 100% sure about its clarity and our ability to repay the loan,
- Let’s observe the behavior of the consultant and if it seems incompetent or clearly avoids the answer – let’s look for a different offer.
Following the above-mentioned tips, we will certainly save a lot of additional worries and troubles that we could get by making a loan online via a dishonest credit company.
Security of information sent to companies offering loans via the Internet
The fact that companies and institutions offering internet loans care about the safety of their current or potential customers – we already know. They do this by applying the IT security of their websites through which the process of applying for a loan and granting it, as well as the databases of its Clients, takes place. They use advanced security and firewall protocols to protect against penetration of malicious software and hacker attacks. In fact, the risk that we will be cheated is the same as in the case of a loan agreement at a branch or bank branch – there have been instances of impersonation or even cases of leakage of people who visited the company “stationary”.
There is a group of supporters of loans granted via the Internet, who claim that this way of applying and granting credit is even safer.
In addition to strictly IT security, banks or financial companies, let’s also remember to take care of the security of your computer and the data sent from it.
What can we do on our part to ensure that the activities aimed at obtaining credit via the Internet are safe?
- Let’s check if the computer contains viruses or malware,
- We do not allow unauthorized persons to use an e-mail account or facilitate their entry to e-mail,
- Let’s take care of regularly updating computer security,
- Let’s check if the connection with the bank is secure and encrypted with the SSL protocol (this is evidenced by the presence of a green padlock at the bank address and the beginning of the address: ” Error! Incorrect hyperlink”),
- Regularly change the password for access to the mailbox and, above all, access passwords for online banking,
Let’s remember how important is the security of Our and Our Money, so let’s make sure that you can not get into any bigger problems with internet credit. Do you want to know how to withdraw from a loan agreement?