Special offers from non-bank lenders include:
- SMSCredit.lv – loan up to 75 years. Up to $ 300 ($ 425 for previous clients);
- Credit24 – Borrow 3000 USD. The maximum age limit is 70;
- Lenders such as Vivus.lv, Ferratum and Greencredit lend up to 75 years.
Basic conditions for borrowing at retirement age
To borrow, most lenders require borrowers to have a regular income. For pensioners, the main source of livelihood is the state pension, which in most cases is depressingly small, so pensioners are also offered quick credit – medicines, bigger purchases, etc. It is often impossible to buy life-saving things with a pension, so quick credit can come.
People around the world have been hard hit by the economic downturn. For people there is no longer enough money available. Life really seems difficult for those who have to make a lot of different payments every month, so they often need extra money. But where can you get that money? There is a very simple solution to this. All you have to do is apply for instant credits. There are so many people who do not want to show others that they need money. For these types of people, fast loans are a great benefit because getting them is not as cumbersome as any other type of loan. Lately, so many financial companies have shown interest in lending money to people in need of quick credit for retirement. With various types of quick loans, life really seems a lot easier.
Risks of borrowing when you are retired
However, pensioners also have increased borrowing risks: first, because fast credit is designed to close short-term cash shortages, problems with the next pension can “make ends meet”. For example, if you borrow $ 50, you have to pay back, for example, $ 55 next month, which in turn makes it harder to survive because it’s easy to create a cascade of credit that is harder to bear each time.
One good solution for such scenarios is to borrow smaller amounts for short periods of time. For example, if you borrow $ 50 for 3 months, you can repay, for example, $ 20 each month. This way, you can protect yourself from the unpleasant situation of buying one month a huge gap in your finances. This is best done by borrowing from loan lender, as it is one of the few lenders to provide quick loans to senior citizens for longer periods of time: for example, you can borrow $ 50 for up to 6 months.