Who is a loan donor? Credit donor without prepayment

Some people have a bad credit reputation. But if you need to borrow money, how and where can you arrange loans? Then a donor loan is needed. Their services help co-owners. Many are interested in whether they can be trusted. The answer to this question will be presented in the article.

Definition

Who is a credit donor? This is a person with a positive credit history, who at any time can apply for a loan for citizens of the country. Such services appeared in Russia not so long ago, but they have already become quite popular.

People who do not give out bank loans usually use such help. Keep in mind that intermediaries, such as brokers, are unlikely to help in such situations. The real help can be provided precisely by the donor credit. With him, it’s really possible to get funds in debt.

Lending principles

Over a long history of lending, the principles on which all work is based are formed:

• Arrangement and coincidence of interests. Loans are provided subject to the availability of free capital, as well as if agreement is reached between the parties.
• Urgency and repayment. The amount must be returned on time by the time specified in the contract.
• Warranties and security. The lender requires confirmation that the money will be returned.

Who needs such services

A credit donor without prepayment is in demand among customers of banks who paid loans with delays. If the credit history is negative, then usually applications for funds are not approved. Usually only then do people need the help of others. These services are used by persons whom banks no longer trust financially.

The donor in such cases is also at risk. If he draws out loans to such customers, then there is a probability of non-return of funds. But responsibility remains with the bank. Such loans are considered unsecured, so the client has no motivation to return funds. There are many scammers in this area, which is why not all people in our country trust such people.

Work principles

These individuals work both directly and through intermediaries, that is, specialized firms that provide donor services. It is better for the borrower to contact a company that will help you find a donor with an excellent credit history. But such services are more expensive than working directly.

Terms and conditions of work

A person should contact the company, which will be selected as a loan donor. He needs to be interviewed. Then the organization, according to individual requirements, selects a suitable person for a loan.

Their work is carried out according to the following rules:

• A person draws up a loan in the amount that the customer needs;
• Then funds for remuneration are transferred;
• The customer draws up a receipt, which is considered a guarantee of timely payment of funds. It registers the option of transferring money.

Payment of debt remains with the customer. He must comply with the rules indicated on the receipt. Money can be transferred in cash or sent at the details.

Commission

Remuneration is required in order to work with a person like a credit donor. Reviews show that such services are quite expensive. Usually you need to pay 20-30% of the total loan, but after receiving it. Before this, money is not taken.

If you turn to the company, you also need to pay for its services - about 5-10%. As a result, the client receives only 60-70% of the total amount, and it will be necessary to pay for all 100%, as well as interest.

Is it legal

It should be remembered that the services of a credit donor are legal, as in other countries. Such firms operate under legal standards.Persons earning on such services are considered legally financially secure.

Agreements are drawn up by a notary public. According to them, different development of the relationship between the parties is possible. But the risk is still the donor who arranges other people's loans. If the customer does not pay the debt, the bank and collectors will demand a refund from the borrower.

Advantages and disadvantages

The help of a credit donor has its pros and cons. The benefits include:

• You can get money in debt to those who are unable to arrange this on their own.
• This method of obtaining a loan is considered reliable and guaranteed.
• Data of persons who received money is not displayed in credit bureaus.

Private credit donors also have disadvantages. In this case, there will be a large overpayment compared to a regular bank loan. You will need to pay assistance services, as well as pay interest and a mandatory payment.

Types of lending

Bank loans are:

• Targeted - funds are used as intended. For example, when buying goods on credit, funds are transferred by the bank to the store’s account. The buyer can not use cash, he only has the right to use the goods.
• Unearmarked - loans are issued in cash. The purpose is indicated on paper, but there is no guarantee that the funds are used as intended.

By maturity, loans can be:

• Short-term - the debt is repaid for the year. Usually they include consumer loans for the purchase of furniture, household appliances.
• Medium-term - money is returned in 1-5 years. This applies to car loans, repair loans.
• Long-term - repayment takes place over 10 years. This is a mortgage that is paid for about 15-30 years.

Which loan to choose, the client decides independently. The longer the term, the more interest you have to pay. Such loans are provided in all banks that have a permit for this type of activity.

And if the customer does not pay the debt

What outcome this situation will have is determined by how the parties cooperate. If the method is used directly, then the donor must personally return his money, and then go to court with a lawsuit and a receipt to receive the funds.

If a person turned to a company that provides such services, then the matter usually does not reach the court. Such companies have a security service that requires funds from the customer. Representatives of the form can contact the collection agency, which will deal with these issues.

Donor Search

How to find a loan donor without prepayment? This person may be a friend or relative. Such a decision will be the most profitable financially. But if then you do not pay the loan, then relations with these people will quickly deteriorate.

Where to find a loan donor yet? To do this, you need to search it through bulletin boards on the Internet. Or you can contact a special company that provides similar services.

Without prepayment and with departure

Often you cannot find help in your city, and therefore you have to look in the nearest towns. This is normal, because in large cities the demand for these services is huge, and there are few people who agree to such a risk. A credit donor can live in any city, because loans are made out at the place of registration.

Money is transferred through an agent or independently in person. If the client wants the field service to be provided, then the transportation costs are paid by him. If an agent selects donors, then travel and paperwork is paid by him.

You should not contact those persons who require an advance payment. This is usually done by scammers. You need to pay for such services only after signing a document on cooperation and receiving money.

Refusal cases

Not always contacting donor companies ends with receiving funds. Failures are associated with the following reasons:

• No job placement.
• Missing registration.
• Fake documents.

The company needs guarantees that the client will pay the debt without delay. Failures follow when the donor does not want to cooperate with the client.

What to do if you can’t find a donor

They do not provide loans due to negative credit history, as well as for inexplicable reasons. To find out why failures occur, you need to apply to the Credit History Bureau, but this is time-consuming and costly. There are other options for obtaining loans if a failure occurs.

With informal employment, obtaining funds is not so simple. Some banks provide goods without official earnings or with minimal income. But usually there are restrictions on the amount - no more than 15-20 thousand rubles are issued.

You can contact a credit broker. Even now, not all banks submit requests from the BKI. Usually this is done only by newly opened institutions that are building up a customer base. It is difficult to find such an organization on your own, therefore it is better to use the services of a broker.

Now there are credit cooperatives issuing loans to people. Only there it is required to observe certain conditions, which are different in each company. They do not make inquiries at the BCI, but carefully study the questionnaires. A security deposit is also required.

You can contact the MFI for a loan. It's easy to get it, but it is issued for no more than 3 months. The amount of the down payment cannot be more than 20 thousand rubles. The interest for such services is quite high. There are MFIs that transmit information to the BKI to show the credit history of borrowers. Each of these options will help you get a loan.