Credits: alert contracts

It is a time of crisis: we all need money and we need it now. But, eye care, or pay tomorrow for the convenience of the moment. In matters of loans (and especially in a matter of banks and financial) must go to step lead, and armed with a magnifying glass to read the watermark to the paper it is printed the contract.

Over 75% of users of the Spanish bank acknowledged that the contracts do not read in its entirety, and signature loans whose terms, penalties and, above all, interest is not known. Something very serious, look where you look, is that at the failure of one or more monthly (or even to non-payment of insurance attached to a loan) can fall in legal costs, fines and even in foreclosures ( the new euphemism for auction from our house).

Again, the institutions that offer quick credit which bear the palm in this deceptive conditions or opaque, you ring up your phone and is informed that the longed to go on vacation loan has an interest only 1.84% APR. Wonderful, right?

Well, no: it is the monthly interest, which gives added more than 22% annual interest, which is what we really need to pay. This is warning the Federation Al-Andalus: careful with attractive offers. If they look good, something they have to hide.