How Lending Platforms Finance Your Loan? Debt Consolidation
Loan on P2P Lending Platforms .. I need a fast loan but I have a low credit score and name with restriction. I just discovered that my name is enrolled in the SPC and Serasa because of a debt of 4 years ago I stopped paying and did not even remember it. My boyfriend is unemployed, I tried to pay everything on my account and I ended up without credit and no money. I’m almost being dumped by the renter of the house I live in, he’s even threatening to drive me out.
I work in a job for more than four years and I have a clean name, I just need more $ 3500 reais to give of deposit in a house. Please, you know any site that lends me as fast as possible at this point, I would pay any interest rate that was needed.
Awesome reports !!! Getting loan with family or friends is not an option for all people, there are people who have real dread of lending or borrowing, others do not have the habit of using community social loan sites and do not have time to wait for the time delay crowdfunding.
Lending Sites and Platforms
For all these cases the P2P Lending can finance one or more loans without problems or bureaucracies. In Brazil many P2P loan platforms have emerged to simplify the taking of credit both for those with a clean name and for those who are negatived.
The process of requesting and verifying loan application information is done through online sites with advanced artificial intelligence analytics and some standard mobile verification procedures with web applications.
Lending Rates and Interest Rates
When your loan is financed by investors, the platform will deduct your fee and release the money into the bank account, usually the same day as the loan application. Investment platforms in peer to peer lending P2P charge an interest rate between 1% and 8%. Not all platforms charge this fee, however, they release loan offers to negative and restricted in name, without requiring much bureaucracy.
While there is nothing you can do about the origination fee charged on some peer-to-peer loan platforms there are two fees you can avoid. Another detail, most of the peer to peer lenders charge a late fee if the late installment payment, as well as the private banks, is made to penalties and extra charges to compensate for the delay.
How are lending P2P loans?
The monthly payments of your loan on P2P Lending platforms are exactly like in a bank or financial loan. Simply sign up for the automated analysis, send documents and make the discount via current bank account every month, or payment via bank slip. You can pay off your loan in advance at any time and without further fees.
Once you get your peer-to-peer loan and have the money you need into account, sit down and really think about how you got into this financial chaos situation and try to change that path that could, if not observed, lead to bankruptcy, that is, at the bottom of the well.
Information on how to pay loan debt
Check out here on the Loan Portal the many articles on how to set realistic financial goals and how to maintain a budget that will really keep your finances in place. We get many questions about how to get out of debt and how to pay off everyday debts, or how to make loan applications between people. Do the search in the search box at the top of the site.
The principle of living without debt is exactly understand the difference between good debts and bad debts, so find out how to pay off debt even by making new debts to reach your financial goals. Access here: how to pay debts.
Lending P2P for negatives with restriction
Having bad name and bad credit is not the end of the world. Most of us have had a dirty name some day, fortunately, there are many things you can do about it. Your options are probably more limited but there are still companies and online platforms with the doors open to release even named personal credit in SPC and Serasa .
Once you get your loan peer to peer lending P2P, just make sure you use it wisely and seek to rebuild your credit back by clearing your debts from your credit history.