Loan companies by far the most often verify the identity of their clients using the ID card provided by them. The loan application must include the series and ID number. In some cases, a photocopy of the document is required, which is then attached to the application. If we borrow online, we must provide a scan of your ID card. However, you can do this by using email.
Verification using bank transfer – This method of verification is perfect for quick loans. The person who submits the application is required to perform the verification transfer. Importantly, this transfer must be made from an account that is owned by a person who wants to borrow money. His task is to confirm our identity. So if it is made from another person’s account, it will be useless. The lender will only start processing the application once the transfer we have made has credited his account. No transfer is an inability to grant a loan.
Parabanks use verification not only with an ID card or bank transfer, but also with a special application. To confirm your identity, you must log in to your bank account. The application will automatically download all data necessary for the verification process. Lots of people will ask here if this is a secure solution. It should be emphasized that such applications have an extensive security system. Therefore, you do not have to worry that our data will go to the wrong people.
Anyone who has decided to borrow money would like to make the loan decision almost immediately. Meanwhile, you have to wait a little for her. In the case of parabanks dealing with the provision of so-called payday loans, everything is really fast. Let’s see what customer verification methods are currently used.
Where is the first loan for free?
The biggest disadvantage of payday loans is, above all, a very high interest rate. The total annual interest rate is much higher for them than for traditional bank loans. What does this mean in practice? The parabank should be returned with a much larger amount than the one we borrowed. That is why it is so important to approach the amount you intend to borrow with caution. You should seriously consider whether we will be able to pay it back.
Although parabanks already provide the possibility of so-called credit holidays, such a solution is really expensive. You have to pay for postponing the repayment deadline. This makes the loan more expensive again. What’s more, the parabank may of course refuse to give us such help in paying off the debt.
Chwilówki are so-called quick loans, whose popularity is growing every year. More and more people who do not have a chance to get a bank loan decide to borrow money in the so-called parabank. Chowówki have a number of advantages that translate into the fact that they are so popular. However, remember that you should be careful when applying them. Otherwise, you can quickly fall into a debt spiral, from which it is not so easy to get out. What to watch out for if you decide to take a payday loan?
Late repayment is an element of payday payday, which can really cost a lot. Everyone who is considering taking a payday loan should remember that the late payment of subsequent installments is a really high interest. As a consequence, we will refund a much larger amount to the parabank than the one that was lent to us. For this reason, it is important for payday loans to ensure that each installment is repaid on the date agreed when signing the contract. This will avoid unnecessary additional costs.
Where to Get a Cash Loan?
Many people ask why an ID is required to receive payday loans. It should be clearly stated that the loan agreement cannot contain such data as the number and series of the ID card. Only then is the contract between the lender and the borrower valid. Meanwhile, no other document – be it on your driving license or passport – is in vain to look for information on the number and series of your ID card. Therefore, the lack of an ID card closes our way to receive payday loans.
In the absence of an ID card – whether as a result of losing it or waiting for a new one – unfortunately we will not take out payday loans. Parabanks require only an ID card as an identity document. By presenting only a driving license, we will not be able to prove that we are us. Moreover, it should be remembered that the ID card on the day of applying for payday pay must be a valid document. So if it has expired, no one will grant us payday pay.
Payday loans are granted quickly, the popularity of which is currently really huge. This results, among others, from a very shortened, simplified loan procedure. Lots of people ask if you can get a payday loan by documenting your identity not with an ID card but with a driving license.
Identity card is required by payday loans companies not only because of the number and series that must be included in the loan agreement, but also because it is a document confirming the age of the applicant for the payday loan. It should be clearly emphasized that payday loans are granted only to adults. So if we do not have an ID card, payday pay is not for us. Therefore, an ID card is necessary to borrow money.