18 begins in a very similar way to how it ended 2017, with increases in household service bills. Water, electricity, and gas are the three main services in which we will see an increase in the price. Despite government efforts to freeze the price of electricity, energy companies will increase their rates, which will have an increase of 2.5% in January. Faced with the inability to pay their bills in certain months, many people turn to mini urgent loans to avoid having to live without electricity, water or, especially in these winter months, without heating.
The speed of mini-credits to solve an emergency
If we get some bills especially bulky these months and we can not afford your payment, we may end up with the light or water services cut. To avoid this situation, there is the possibility of asking for quick mini-credits to help us pay these bills and to spend the coldest month of winter with heating.
The adaptation of the private capital entities that grant this type of financial products to new technologies allows us to obtain financing in a matter of minutes possible. Their online platforms have eliminated much of the paperwork and other procedures involved in their hiring. Also, that your hiring is done through the Internet allows us to request them 24 hours a day, any day of the year.
The importance of the repayment of the urgent loans
Although the mini urgent loans are a useful financial product to solve an unforeseen economic, they are not recommended as a usual funding source. As there is no expected short-term electricity bill decrease, it is advisable that we start thinking about designating a larger part of our revenues for this expense.
In case of requesting mini-credits on a regular basis, it is more than likely that we end up over-indebted and unable to return the money they have lent us. The term of reimbursement of these products is very short and usually does not exceed 30 days so, if we do not want to end up having outstanding debts, it is advisable to perform an analysis of our ability to pay before requesting this type of financing.
In addition, if the reimbursement of these credits would be impossible once the return date of the loaned capital and interest is close, it will always be better to notify the lender of our situation than to incur a non-payment. The penalties that will be imposed on us in case of not paying the loan on time greatly exceed the consequences of requesting an extension to the lender.