Consumer credit is one of the very convenient banking tools that allows you to get the desired thing, even if there is no money for it at the moment. With consumer credit, we are faced with http://usapaydayloans.info/ the purchase of small digital and large household appliances, real estate, furniture.

Car loan is also a form of consumer lending. I propose to consider in more detail what is a consumer loan, and on what terms it can be obtained, as well as what questions may arise in the process of obtaining a loan. Consumer credit is provided to individuals (households) for the purchase of consumer goods. The objects of consumer credit can be almost any purchase — apartment, car, phone, TV, wedding organization, dental treatment, etc. Consumer credit has a purpose — that is, when it is issued, the Bank is made aware of the needs for which the borrowed funds will be spent. Sometimes the Bank issues a loan in cash for non-purpose.

What are the advantages of the loan? You can afford to buy your favorite thing almost immediately. Credit — a kind of fixing the value of the goods from the future rise in price. Payment for the goods is made in small parts — monthly payments, allowing you to optimally plan the family budget and save from financial failure in the form of a one-time large cash expenditure.

Among the disadvantages of consumer credit are: a high interest rate, which significantly increases the cost of goods, the presence of hidden additional payments and commissions, which are exposed by unscrupulous creditors. Well, the psychological component: the first emotions subsided, the thing is tested and used, there is a headache of monthly payments. The larger the purchase, the greater the stress factor: will you pay on time, will there be force majeure with income, you need to work more and earn, and so on…