Black credit debt
“Debt Credit” often labeled with young people who love to play, are lazy to work, stick to hobbies when they have no money in their pocket. But credit doesn’t just stop at the bank in the form of spending in advance and paying later at the bank, now, “black credit” is the fear of unemployed workers, difficult economy, being scammed to borrow money without payment. know.
“It’s my father’s debt, but I’m paying for it. It’s the scholarship money that I’ve worked so hard to save for tuition.
That year, I was still a second year student, because of economic pressure, I worked as a tutor and a restaurant server every month, earning more than 4 million per month to cover accommodation, meals, and at the same time. to pay tuition fees.
Everything seemed to be fine, until Dad called his mother to ask for money to pay off the debt. Unlike other debts to relatives and acquaintances, this debt comes from credit. I don’t understand how my dad even got a bad credit!”, N (23 years old, Nam Dinh) confided.
Stick to black credit, the interest is “exorbitant”, threatened, psychological terror to panic
For consumers who do not have much knowledge about credit, they often confuse the “credit” of the bank, and the “black credit” of an individual or organization. If the bank’s credit has a legal guarantee for the borrower, the black credit is unregulated and extremely disadvantageous to the borrower.
N said, her father said that this type of loan is very easy, the procedure is simple and fast, only needs personal documents, then it only takes 10-30 minutes to be approved. Because she saw it quickly, her father needed the money urgently, so he listened to the temptation and followed.
The lack of vigilance about “hot” loans has caused many people to fall into a situation of indebtedness without knowing it. Black credit loans are often greeted with ads calling for preferential loans, or applying for a Mastercard card with low income, etc.
“When I found out about my father’s black credit debt, I kept receiving calls to urge debt, threatening me if I didn’t pay the debt, I would come to my school to claim it, continuously after that, I mentally terrorized day and night.”
The story that followed made many people even more surprised, N shared: “That’s just not enough. The initial number my father borrowed was only 20 million, but the exorbitant interest rate was nearly 150% compared to the bank interest. Mother-in-law’s interest, only 3 months later, the amount of money. My father needs to pay up to hundreds of millions of dong.
I had about 20 million left in my card at that time, including the scholarship I received, all hopes were accumulated in that card. But the debt at that time could not be paid, I had to grit my teeth to withdraw all that money, take all the cash and give it to my mother to solve it.” In the end, N’s father’s debt was also paid off by borrowing more from relatives to cover it up, if the money was left in a black credit place, the amount to be paid would probably be unimaginable to anyone.
Too much trouble to “borrow big”, warning that getting out of debt is not easy. Be careful with black credit!
The need to borrow money is increasingly being accepted by everyone: From students borrowing money to pay for life, to office workers. borrow money to buy a house buy cars, investors borrow money to do projects,… This is generally creating a lot of credit traps, the person who suffers the consequences is always the lack of knowledge, then, the thing that kills you only have yourself!
Borrowers are always need money, finance is difficult, it is difficult to borrow money from brothers, but through a bank loan, the procedure is complicated and it takes a long time to solve. That’s why black credit was born, causing many people to fall into a trap, the more the debt was paid, the more it could not be paid off. The procedure for a “hot” loan is very quick, the paperwork is simple, the money is recovered faster. But death here, black credit has very high interest, ranging from 100-360%/year, hundreds of times higher than bank interest. If you pay on time, it’s okay, if you pay 1-2 days late, you will be prosecuted according to the underground law, the law of gypsy… if you can’t pay it, you will be exposed online, and will be stalked by the debt collectors and won’t let go.
Therefore, those who need to borrow money, whether urgent or not, should stay away from these loan models, avoid losing money, and carrying disabilities for a lifetime. Here are some tips to avoid black credit tricks effectively:
Stay away from “fast, neat, quick” loan ads
Currently, there are many advertisements for loans with preferential interest rates, registration of Master cards without proof of income or low income, loan flyers are widely distributed on the streets, pasted on billboards. the sea at the crossroads,…
Borrowing money is not easy, so if someone tempts you with sentences like “It’s easy to borrow money, preferential interest rates, you just keep the money, until the day you pay a little more interest…” then it is true that you are being led to turn into debtors of the interest of the mother and the child.
Should learn to borrow money from banks, or reputable organizations
Borrowing without any complicated procedures or guarantees between two parties is extremely dangerous.
When there is a need to borrow money for investment, or to borrow capital, … even small amounts, you should look to reputable establishments, guaranteed by law as possible, avoiding like the case of father N, only borrowed 20 million, but the amount to be paid is up to hundreds of millions.
If it’s not really necessary, consider getting a loan
Borrowed is to be paid, there are no exceptions to loan no. If borrowing money is for unnecessary purposes, such as shopping, serving entertainment purposes, spending money without a clear purpose, etc., staying away from “hot” loans, credit loans, etc. will save you from deadly credit traps.
at Blogtuan.info – Source: Kenh14.Vn – Read the original article here
