Today, on the Internet, on television, in newspapers and even in the subway, you can see announcements that certain people or organizations can help with the design and payment of a loan. Quite often, such companies are used by those borrowers who have a bad credit history or are unemployed. They are not able to get a loan without failure, so they want to circumvent all kinds of checks and get a loan with the help of intermediaries. In the modern world, such a concept as a “credit donor” has appeared, who it is and what it does will be described in this article.
Credit donor: concept and its help
A credit donor is a person who has a very good credit history and reputation, he has all the necessary requirements to get a loan from a bank without refusal, he holds a high position and a good salary. The goal of such a person is to go to a bank and get a loan in his own name, instead of a borrower who has a bad credit history. For his services, the user takes an amount of 10-30% of the loan itself, and the remaining money is given to the client. The credit donor works with an intermediary organization, which also requires remuneration for its work, this is another 30% of the loan amount. At the end, the user gets only 50-70% of all credit funds, which he will need to repay. It is also worth remembering that the borrower needs to pay the interest rate for using credit funds.
The relations between the credit donor and the client are regulated by a special agreement, where their relations are regulated, it specifies the period of repayment of loan funds, as well as the total loan amount. Donors usually work with intermediary firms, they guarantee a certain security to the donor, because if a client refuses to pay a loan, the firm will require him to pay in different ways. If the firm’s warnings do not help, it can go to court and begin the recovery process. It is worth remembering that if a donor requires a deposit or a deposit from a client, this may be a sign of fraud.
Credit donor without prepayment: how to find?
If a person needs a loan donor, he can look for it among his friends or acquaintances, so the borrower can save a lot of money on searching and paying for services to a stranger and intermediaries. If a person did not find wealthy friends with an ideal credit history, then he can use the Internet. It is there that he can find what he was looking for, it is only necessary to study all the offers and find the most suitable. It is very important to choose a donor from the region where the borrower lives, so that you can personally meet and resolve issues personally, as well as transfer funds more quickly. Do not trust those donors who require prepayments from clients, because it can be a scammer, it is best to read reviews about the donor and make sure of its honesty.
Can a loan donor always get a loan?
The likelihood that the loan will be approved by the donor is 95-99%, such a person will always have the necessary documentation package and he will be able to arrange a loan for the amount necessary for the borrower. If a situation has occurred that the donor was refused, he can go to another bank, if the person does not cope with his duties, the intermediary organization can simply provide another donor with whom you can get a loan as quickly as possible and without failures .