Quick loans are grabbing many covers in all types of specialized media in the economy.
And as is often the case in these cases, there are experts who position themselves against and in favor of these urgent loans for the whole world . But … what is the truth that is hidden under these online Loans almost instantaneously? Is it really possible to get cash cash immediately, without paperwork and without weeks of waiting in between?
The truth is that the urgent loans meet what they offer, which means that they allow access to a certain amount of money (usually between 100 and 900 euros, depending on the lender) in minutes. The process from accessing the fast credit website until money is received in the bank account rarely takes more than 24 hours, and for trusted clients it is a process that takes place in less than five minutes (including the time it takes until the money is received in the account).
Quick loans are real, and they are more than regulated
One of the biggest fears that exist today with regard to urgent loans is the uncertainty that exists regarding the legality of companies that offer this way of accessing cash. The truth is that, with the law on the table, these companies are completely legal and tax their taxes just as any other national company would do.
As you can see, the advantages of an urgent loan make it difficult to find some reason to continue to resort to traditional banks when applying for a personal loan. Banks find it increasingly difficult to obtain money, and they also tend to offer only installment payments that tie the user for years to that bank entity.