Debt and loan – Creative Finance

Debt and loan – Creative Finance

As you know, it is not a problem to borrow, but a much bigger problem is to give back, the more on time and even more so than we borrowed.

As you know, there is nothing for free at banks or loan companies. No one will give us a loan without an additional commission or interest rate.

There are promotional offers


For payday loans for PLN 0, but only once. Such a client, once he uses the services of a given company remains his client, gets encouraging information to take another loan. Of course, we do not have to use such offers, but I know from experience that most use. Well, because if someone gives, someone offers us to borrow cash, why not use it?

Unfortunately, a lot of us do not know moderation and they are in debt too much. As a result, there are problems with the repayment of loans, we do not always regulate repayment on time and therefore we have to bear additional costs and fees.

We take one payday loan, then the next, then we see the installment loan offer available immediately and we also take it. This is how the debt loop is created, from which it is very difficult to get out.

In the case of debts

The form of several bank liabilities, there is not such a tragedy because we can get a special consolidation loan to repay several different bank loans or debits. All such commitments are combined and thus we pay one and lower installments. In the case of non-bank loans and payday loans it is not so easy. There are some non-bank consolidation loans, but they are extremely expensive to pay back.

The only option that I would recommend in such a situation are companies granting loans with an additional giraffe or loan guarantor. Such companies grant high non-bank loans to pay their liabilities, but these loans are not that expensive to pay back. It is due to the fact that two people are responsible for repayment of the loan, i.e. both the borrower and the resident / guarantor of the loan.

The most sensible solution

To getting out of debt is to look for alternative ways to raise money to pay back the debt. Maybe extra work, some extra classes after working hours that will provide us with additional income enabling repayment of debt even in installments.

It’s worth looking for additional earning opportunities on the internet. Maybe we just find an occupation that suits us and which we can do without major problems?

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