Some advertising for sms calls for irresponsible borrowing
The point is, in any case, that if you have bad money in your wallet but want to buy things, it is only to borrow from them then the problem is solved. Voila – a quick loan and you can afford everything you want to buy. In some cases you might present it a little more discreetly, but in other cases you say it straight out, in a rather tasteless way.
Of course, this type of loan is largely based on the fact that customers solve their occasional cash problems by taking a small loan, although it may not be particularly cheap. That there are people who think it is simply worth it. The problem is that some lenders choose to make it appear that you can advantageously take a small quick loan every time you would like to buy something that you really can’t afford.
Christmas on credit is never good
This type of advertising occurs all the time, but it is a little sad to hear it before Christmas. Christmas is supposed to be a nice and fun time, but it is quite clear that you also feel an extra financial pressure, at least if you have a strained economy from the beginning. Everyone wants to be able to have a nice Christmas with Christmas food, Christmas presents for the children, Christmas tree, be able to visit relatives, etc. But everything costs money.
It is quite clear that there is a risk that you will lose more money than you should at Christmas and in cases where you have bad money for Christmas celebrations, there is a certain risk that you borrow or trade on credit to manage to get into a merry christmas anyway. You can of course borrow money responsibly and take care of it all well – and if you think it is the best solution then just drive.
One thing that is quite clear, however, is that small expensive loans like sms loans are not very good for solving problems with an empty wallet at Christmas. This type of loan is not so cheap and is only suitable when you have a small and temporary need for cash deposits and when you know that you can easily repay the money in a fairly short time (30-90 days).
Options if you absolutely have to borrow for Christmas
If you need to borrow money for your Christmas celebration, it would be better to use a regular private loan that has a low interest rate or that you have a credit card that you use. With a credit card, however, it is important to repay the credit within the interest-free period if it is to be a good alternative. You often have up to 60 days to pay before the credit becomes interest (and that interest rate is relatively high so it is clearly best to avoid).
What you should consider is that the amount of time you have interest-free depends on when you use the credit in relation to when the invoice comes. 45-60 days is a maximum, but it can also be clearly shorter interest-free credit if you shop short before the invoice arrives. If you want to wait the longest time to pay off your credit, you should start using the credit card right after you receive a bill.
An alternative can of course always be to borrow from someone in the family or a friend, but it also always entails a risk. It is important to repay such loans properly so that you do not damage your relationship with the person in question. The advantage is that you may not have to pay interest and that the loan repayment period can be a little flexible.
Lenders who encourage useless borrowing feel rogue
Responsible borrowing and taking responsibility for one’s finances are about not having to borrow money unnecessarily and setting up one’s finances so that one does not have to borrow money in addition to a completely unforeseen expense outside the regular monthly budget (or on the usual occasions when occurs in a normal economy eg housing purchases, car purchases etc. when it is perfectly ok to take out a loan).