Data used for comparison
To give you a better idea of how compares to different lenders, consider the following questions he will ask you when you talk to him:
We need to know what you are looking for the loan: it can be to buy a car, repair your home, go on vacation, etc. Some lenders specialize in a type of loan.
The lenders have different minimum and maximum amounts in the money to request. Knowing the range of money you need we can filter the different offers.
- Loan Period:
Total time in which you want to pay the loan. Keep in mind that loans of low amounts (microcredits) are usually paid in a few weeks.
- Your age:
There are lenders that focus on young profiles and others that focus on older profiles.
- Work situation:
It is important that lenders know if you have a regular income. This way you can show that you can pay your debt on time. There are lenders who grant loans without having a permanent job, others specialize in retirees and others only in active workers.
- Monthly income:
How much money you receive per month in your salary. This is used to filter lenders with different requirements (some request higher minimum income).
It is important that you have realistic expectations and respond with common sense. Trying to get a loan of less than 20,000 pesos to repay in more than 3 years is not realistic because the risk is too high for the lender. That is why there are different types of loans: microcredits for small amounts and terms, and traditional payday loans for higher terms and amounts.
With all this data will first filter the payday loans that fit your profile, removing those that are not appropriate in your situation.
Then it will analyze various elements to offer you the best options, such as the interest rate offered, the success rate of previous applicants and the reputation of the loan.
In this way becomes your ally in the search for fair credit. You just have to send your loan application in the option that best suits you.