Apple picker Commercial message: Christmas is fast approaching and for most people, the search for gifts begins. Almost everyone will appreciate a mobile phone, especially if they have been using one of the outdated models for a long time. An ideal gift for an older child, a partner or a Christmas treat for yourself. However, modern phones are not among the cheapest things. Does it make sense to commit to monthly payments for new electronics?
Ways to pay for a mobile phone
When buying any electronics, you have several options to deal with the current lack of funds. Most major electrical retailers routinely offer installment purchase. This is often a very advantageous method of repayment if your goal is purely to purchase a given piece of electronics.
If your bank provides it, you can of course also make the entire purchase pay by credit card. But the freedom provided by a credit card can lead to purchases beyond the ability to repay the debt in the long term.
Especially for phones, there is a very popular possibility of a significant discount on the phone if you also purchase a tariff contract with the operator. So, along with the best phone, look for i suitable mobile tariff. In principle, however, this is a kind of similar purchase on installments, which has the same advantages and disadvantages.
In recent years, a large number of people in our country have started to rely on non-bank consumer loans for Christmas shopping. You can then use part of the money received from the non-banking company to buy electronics and use the rest for any other necessary expenses.
The main advantages of non-bank loans
Speed
Loans from non-banking companies are often characterized by crediting the necessary money to your account in a flash. Much easier administration and fewer control steps on the part of the non-banking company towards you also contribute to this.
Simplicity
While paperwork in a bank is a task for the whole day and you will make mistakes anyway, with non-banking companies it is usually enough to fill in only really important information about your person. Forms tend to be clear and you won't get lost in them. Given that much smaller amounts are often borrowed here than in the bank, you are also several times more likely that your application will be successful.
Comfort
You don't have to stand in long queues anywhere and repeatedly go to the bank with each new document. With non-banking companies, loans can be processed online or over the phone, i.e. from the comfort and safety of your home, which is handy in today's crazy times.
Read the contract very carefully and ask questions
Does this mean that a consumer loan is an obvious choice? In theory, though suitable credit it must be mainly fair. Don't be fooled by unethical lenders who withhold important information such as APR (basically the real cost of the loan) and terms in case of repayment difficulties. Read each contract carefully and don't be afraid to ask questions if something doesn't seem right to you. Christmas loans are a popular way to buy expensive electronics these days, but if you're not careful, they're also a way to get into a dangerous debt trap.
Jablíčkář magazine bears no responsibility for the text above. This is a commercial article supplied (in full with links) by the advertiser.
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