Dangers of loans online illegal are usually ignored by borrowers due to urgent needs.
For people who need loans money easily and quickly, loans online illegal are a solution without thinking about the dangers of borrowing illegal .
With the ease and speed of loans online illegal , you should be careful of the dangers of borrowing illegal so that you are wise in choosing loan online the right .
Because many loans illegal that have not been registered with the Financial Services Authority (OJK) offer convenience without informing the dangers of loans online illegal in case of late payments.
The dangers of loans online illegal are increasingly making life uneasy and feeling restless every day due to loan this illegal .
Here are the dangers of loans online illegal that we must be aware of
1. High Interest
The danger of first lending illegal is very high and sometimes unreasonable interest. When there is a delay in payment, the interest on loans online illegal increases many times.
2. High Fines
loans online Illegal are the same as loans conventional , loans illegal also impose a penalty system for late installment payments.
The number of fines for loan this illegal can be considered quite high. Not only collecting late fees, but also other fines.
3. Personal Data Leak
Submission of loans online illegal use application requires prospective borrowers to download apps pinjol as one of the procedures.
The next condition is that the borrower will be asked for approval and must provide access to personal data. Because if you refuse to give access, the application will automatically fail to download.
Such personal data is at high risk for misuse. When your payment is stuck, the borrower does not hesitate to embarrass the borrower by threatening to spread his personal data.
The following are some of the traps or modes commonly used by loans online illegal in finding consumers:
- Very high fees can reach 40% of the amount loan , and are usually deducted directly.
- The imposition of interest rates and penalties is very high, which is not explained in detail in the agreement.
- Very short period of time. Usually the period loan (tenor) offered is several months, but in practice, after an agreement has been reached between the two parties, it turns out that the tenor is only 2 weeks.
- Required to provide access to contacts on the phone. loans online Illegal will require or request access to all data and contacts on the borrower's cellphone, which will be used to threaten the borrower when he fails to pay.
- Illegal Pinjol often make offers via spam SMS, and usually do not have a telephone number or complaint line.
If you already have a number of loans online illegal , then you have to deal with them first.
Maybe by not paying it off at once, you can settle some of the debt gradually,
then try to do some of the steps below,
1. Have a commitment and pay off immediately in stages, for example by selling assets.
2. Maintain commitments by not borrowing again to cover debts
3.Block phone numbers that do unethical billing.
4. Report to the police if you are disturbed or harmed in the event of terror, intimidation, or other unpleasant acts when the borrower makes the bill.
5. Stop borrowing from loans illegal .
The dangers and pitfalls of loans are online illegal very detrimental to borrowers. In order not to get entangled in loans online illegal , make sure the application loan to be used is registered with the OJK,
Remember, when you decide to take a loan to meet your needs, at that time you are also responsible for paying the installments. Therefore, make sure to take a loan at the right place supervised by OJK.
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