December 2, 2019 admin 0Comment

American Good Finance Mortgage became a hit in recent years and the alternative for all who want to achieve favorable loan. It is a non-purpose loan, where the client guarantees real estate.

It is currently offered by a number of non-banking providers who compete in advertising offers. But tempting promises often conceal a thoughtful strategy to get the most out of the debtor unnoticed. We will therefore shed some light on some of these strategies.

The first of many inconveniences


Are the high fees that companies try to disguise or conceal in various ways. It will appeal to you with the offer of a low interest rate, which is very advantageous at first sight. In practice, however, for the approval of the loan they charge high fees, which makes the loan extremely expensive.

At other times, a low interest rate is just a theoretical term, since its acquisition by the lender depends on the applicant’s good creditworthiness.

Does the lender promise you an above-standard quick and easy loan processing? Believe that just as quickly “burns” not only large fees, but also large penalties in the event that even a little delay with the repayment of the loan or if you fail to comply with another condition in the contract. Your debt then grows in geometric order and you can quickly find yourself in a situation where there is no way out.

A well-known trick of many companies


Is to increase the loan for hidden commissions in cash. In practice, it works by saying that you get part of the money in your account and part in cash. In the finals, however, you will not receive the promised cash and your loan will be inexorably more expensive.

However, there are also companies that specifically target the debtor’s property. Credit sharks directly rely on high fines and the inability of the borrower to obtain a mortgaged property, car or other property.

How to avoid these pitfalls? Pavla Pokludová, Director of Risk Management of E-Money as, advises: “Before signing, it is important to familiarize yourself with the entire contract and to find out the amount of fees, penalties and possible penalties for early repayment of the loan. If you do not want to be fooled, contact a reputable company that has been on the market for a long time and has good references.

”E-Money certainly belongs to such providers


It has been operating on the Czech market for more than 10 years and is based on its fair reputation. “We try to provide non-bank loans with low interest rates and transparent conditions to our clients. We want to be the first choice when the bank does not lend you, ”explains Pokludová.

The fact that a fair approach for this company is not an empty concept is evidenced by the results of an independent non-banking company test conducted by the European Consumer Rights Association. E-Money as ranked first in this test and its non-bank American Good Finance mortgage was rated as the best loan on the market.

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