Microloans with Financial Credit Institutions, The big lie of the sector?

On the internet you can see the offer of minicashlender with Financial Credit Institutions as if it were something normal, what? Well, today in Captain Jonas Yassebo we want to reveal one of the great lies of the sector.

Lies that by the way we see many of the “financial websites” or comparators (we call them advertising websites) Because its objective is not so much to inform but to sell the financial products of the entities.

Why do we say minicashlender with Financial Credit Institutions are one of the lies of the sector?

Why do we say minicashlender with Financial Credit Institutions are one of the lies of the sector?

We say this because we see many of these Fintech or mini-credit companies offering it as if they really did. And forgive me for telling you, but if your success rate with Financial Credit Institutions is 5% you can not say that you offer loans with Financial Credit Institutions.

At least that is how we see it from our website. Many of the microloan companies that claim to be able to offer credits with Financial Credit Institutions advertise it but then nevertheless always deny it. We are not going to name these entities but if you look in our list of fast loans companies you will find them.

Of course, to us when one tells us that they offer credits with Financial Credit Institutions we believe it. It is after months or years when we analyze the success rate of these financials when we realize the reality. And is that most of the times you request mini-credits with Financial Credit Institutions the operation will be denied. Especially if the debt is due to unpaid loans or other financial debts.

If the debt is for telephony or non-financial debts there are some that have more or less acceptable success rates. Now, that does not justify the behavior of the rest.

Why do you offer microloans with Financial Credit Institutions if they do not sign them later?

Why do you offer microloans with Financial Credit Institutions if they do not sign them later?

Because it is a way to attract the user and thus capture their attention. They are released for free but then do not end up signing any loan. The problem that this causes to customers who need money is that they no longer know which entity to turn to. And they do not lack reason, if they offer loans being in arrears but then they deny them they can think that in the rest it will happen the same.

I am going to give you a good advice, if you are looking for loans with Financial Credit Institutions FLEE OF THE COMPANIES OF minicashlender ONLINE. No matter how much they say they offer credits while they are in hospital, 99% do not accept it. Moreover, we know of some of these entities which are announced in this way and then internally they tell us that they do not accept Financial Credit Institutions….

Curious, is not it?

If you are looking for money and you are in a delinquency list go to private equity companies. Although your loans are slower, perhaps having more requirements are the most realistic option. Financial online when there are debts in Financial Credit Institutions almost always deny, in fact they have it programmed in their programs. As the processing of these credits online 100% by internet all outsource to computer programs.

And what variable do they usually use among others to reject operations? Well, yes, the Financial Credit Institutions.

And what variable do they usually use among others to reject operations? Well, yes, the Financial Credit Institutions.

In fact in the processing of a mini-credit we have already explained other times in Captain Jonas Yassebo how the entities work. Nothing else the clients enter their data and send the form the financial one automatically makes its verification in the list Financial Credit Institutions. And if, in case of being included, the operation is usually rejected automatically.

Conclusion about micro-loans with Financial Credit Institutions

Although a few can offer this financing (they do not have high success rates either) we can not say that this statement is real. The offer of loans with Financial Credit Institutions is limited to private finance companies and not to Fintech. And it is not only the small entities that “lie”, there are large financial groups with well-known brands that act in the same way.

If you are looking for “loans with Financial Credit Institutions” on the internet you can find a good number of these entities. And virtually none of those in top positions actually offer credits when there are debts. By the way, we say this after having verified for several months what we say here.

The same clients are the ones who have given us this information being something that we have verified. From there that everyone has their opinion about it.