To make a first sort, follow your instinct!
Fortunately, the sites that were not serious have all disappeared: the animations, cartoons and flash colors disappeared with the sites that presented them! In addition, the credit laws have gradually prevented institutions from communicating in an outrageous way.
Today, the majority of credit underwriting sites no longer use the old marketing recipes of another age.
Despite this, if you find a site whose offer of credit is drowned under animations and offers “exceptional and miraculous”, go your way!
It’s simple: the more it flashes and moves in all directions, the more we try to hide something… and that’s often the rate!
Before filling out a complete form, use the credit simulation tools generally available to you. For a simulation, you only indicate your purchase, the amount of credit and the desired duration.
Warning : if you have to fill boxes with your name, your first name and your phone number, it is not a simple simulation but a credit application: exit this site, it tries to get your coordinates!
Some simulations are not precise and you can not really choose the amount of your credit: for example you can not enter exactly 1250 USD… You are obliged to take less (1000 USD) or more (1500 USD)…
In any case, once the result is obtained, note 4 things:
- the total cost of credit, which is the most important element
- the monthly payment (excluding insurance) offered by the establishment,
- the fees, if any,
- the APR (Global Annual Effective Rate) for information.
Check that you will get an immediate response!
There is no point filling your file on the Internet if you do not get an answer online (in this case go see your banker, it will be as long!). Establishments that offer the immediate response use the arguments from the home page of the site… Locate them: Answer in principle in 5 minutes, Immediate response or Answer in principle online…
Fill in the form
You have done several simulations on different sites? You know which establishment makes you the best offer? All you have to do is fill out the online form…
Generally, you have about 30 questions, spread over 2 to 8 pages. This may seem like a lot, but it’s actually normal to get a real answer online.
In this regard, do not lie in your answers because anyway the data you indicate will be verified and a false statement can harm you.
Do not forget to specify if you have a spouse, especially if he works, because it allows to establish a budget taking into account the 2 incomes… and thus to multiply your chances of acceptance of the credit.
At one point or another, the question of credit insurance will come up. You have the choice to subscribe it or not, it’s optional. However we can only encourage you to sign it because it supports your reimbursements in case of illness, unemployment and… death (check the guarantees on the site). This avoids adding a worry of money in case of accident of life. In addition, credit institutions are more likely to accept a file if it is insured…
The credit file
Depending on the site, you can print your contract online and / or receive it by mail.
In case of an online print, the advantage is that you have your contract immediately: the disadvantage is often ten unreadable pages (be careful with your ink cartridge!).
For a reception at home, depending on the establishment, count between 48 hours (Zaloan) and 92 hours (Viloan).
Attention, on all the contracts it is imperative not to overload, to bar, to put some white… that cancels purely and simply the contract.
How to choose the right offer?
For a “small” amount of less than 5000 USD, the revolving account may be a better solution than the personal loan: easy to decrease and increase monthly payments, easy to send a check at any time to partially pay your credit.
For an amount over 5000 USD, prefer the personal loan that is suitable for your project… For the purchase of a car or a motorhome choose the corresponding credit: a car loan will offer you credit terms more appropriate than a reserve of money.