One of the most important stages in the process of taking any online loan is getting acquainted with the loan agreement. Unfortunately, this stage is often treated with great carelessness or simply skipped.
Meanwhile, carefully reading the loan agreement can save you from many unpleasant consequences. Especially if we take out a loan in a company with an uncertain reputation.
The content of the contracts avoids many problems
It has long been known that Poles – with virtually no exception – do not read contracts and most other documents they sign. Not always this type of disregard ends with unpleasant consequences for us , however, it may happen that the lack of familiarization with the contract will result in real problems.
And this is not even about the intentional action of the entity with which we conclude the contract, and above all about the lack of knowledge of the information contained therein, which often specify what type of action and at what time we declare to undertake.
Reading contracts is particularly important for all financial services
Each professional loan company granting the so-called payday loans without certificates has a model loan agreement drawn up and made available on its website.
Familiarization with its content should be obligatory for every customer, especially if the services of a given company are used for the first time.
Each loan agreement should contain, first and foremost, the exact contact details of the lender together with information about the entry in the Register of Entrepreneurs of the National Court Register, NIP and REGON numbers.
What to look out for when reading a loan agreement?
Particular attention should be paid to describing the subject of the contract, the lender’s statement, the costs associated with granting the loan and the rules for its repayment. Be sure to review all attachments carefully.
We should remember that no loan company has the right to demand additional preparation, handling or application fees from clients. These types of activities are unacceptable and provide a clear signal about the need to choose another lender.