CreditFour loan is a great candidate for a consolidation loan. For example, due to the maximum loan amount of PLN 10,000. The exceptionally long repayment period of 36 months is not insignificant. Such parameters allow to significantly reduce the amount of monthly fees and for many, they may be a hope for a peaceful repayment of their debts without spending the last penny. See http://jejcrew.com

CreditFour loan – information and opinion for those interested in the installment loan

Kredyt5 loan

Loan amount: 500 – 10,000
The borrower’s age: 18 – 75 years old
Self deposit no
Maximum loan period up to 36 months
Interest 10%
APRC 90.58%
Installment at the maximum loan PLN 665.00
Loan without Retrodatabase no
Credit holidays no
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Debt loan CreditFour

CreditFour is a loan company owned by Baki Finance Sp. z o. o. The lender grants loans in the amount of 500 to 10000 PLN, and the loan period is from 6 to 36 months. A loan can be obtained in a very short time, and all formalities can be completed without leaving your home.

Free loan in CreditFour

Free loan in CreditFour

Unfortunately, the loan company CreditFour does not offer a free loan. As we have repeatedly mentioned in the case of installment loans with a large number of installments is a standard.

Does CreditFour check Retrodatabase?

Does CreditFour check Retrodatabase?

The information on the lender’s website shows that clients applying for a loan will be checked in the Credit Information Bureau. Therefore, before submitting an application for a loan product, CreditFour, it is worth settling outstanding liabilities.

Does CreditFour check the KRD?

Does CreditFour check the KRD?

CreditFour also takes into account the National Debt Register when verifying the creditworthiness of its clients. It is worth remembering that the KRD is the largest of all Economic Information Bureaus, therefore it allows the lender to carefully check borrowers.

Does CreditFour check Zig InfoMonitor and Driff?

Does CreditFour check Zig InfoMonitor and Driff?

A person applying for a loan in CreditFour is checked by the lender in the Zig InfoMonitor and Driff registers.

Does CreditFour check other debtors’ databases?

When considering the loan application, the National Economic Information Bureau shall also be taken into account. Negative entries about the person applying for a loan in CreditFour may make it impossible to receive a positive decision to grant a payday. On the website, the lender informs that he will also check any liabilities towards ULTIMO NS and FiZ and Ultimo Portfolio Investment Luxembourg SA.

What conditions must be met to get a loan in CreditFour?

To get a loan in CreditFour you must:

  • to be a Polish citizen,
  • the person requesting a payment must belong to the age range 18-75,
  • show income in a minimum amount of PLN 500 net a month,
  • it is also necessary to: e-mail address, telephone number and PESEL number.

What is the process of applying for a loan in CreditFour?

What is the process of applying for a loan in CreditFour?

In the case of a lender, which is CreditFour, the loan application process differs slightly from other loan companies.

  1. The first step is to fill in the information form on the website of CreditFour, enter the following data in the form: loan amount, number of installments, name and surname, e-mail address, telephone number, PESEL number and income amount.
  2. Then, you must agree to the processing of personal data, check the information in Retrodatabase and Zig and send the form.
  3. Subsequently, the client applying for a loan must wait for telephone contact – the lender will contact him to investigate the creditworthiness. Once the vDriffications are successful, you can go to the next step.
  4. Conclusion of the contract. The lender gives the client a choice, the contract can be concluded in two ways – by electronic means (telephone contact + sending a vDriffication transfer) or by courier, who will provide the contract to sign and receive a photocopy of the necessary documents.

Money can be paid by bank transfer to the customer’s account or by paying Dinros at any post office.

Extending the repayment date in CreditFour.

Extending the repayment date in CreditFour.

It is not possible to extend the repayment date, all obligations must be settled on time.

What are the consequences of not repaying CreditFour loan?

What are the consequences of not repaying CreditFour loan?

If the lender does not pay off, the lender then starts the appropriate procedures – he charges additional interest for the delay and initiates proceedings: enforcement and court proceedings. The lender then provides information about the unpaid loan to the Credit Information Bureau and Zigs. Additional costs are also generated by sent prompts and letters, eg: preparing and sending a reminder / requesting reminder, it costs PLN 15, and the cost of debt collection activities carried out in the borrower’s apartment is PLN 40.

Additional information about CreditFour loan.

In comparison to other loan companies, CreditFour gives the possibility to its clients to borrow in quite large amounts and to repay them in very convenient, long periods. It is also worth paying attention to the fact that in order to apply for another payment in CreditFour, it is enough to repay 6 installments on time – this means that you can incur more than one loan at any one time. The lender checks the level of income of his clients, so you should read the list of documents that should be shown depending on your income source, for example: in the case of an old-age pension, the last postal part of the pension is required. In addition, CreditFour ensures that it is guided by professionalism and responsibility and adheres to good practices in the conduct of lending activities. It is also commonly said that the loan CreditFour has a chance even for people after crossing the bailiff.

CreditFour loan – what is the installment made of?

In the case of the CreditFour loan, it was not spared to divide the loan costs into several types. We therefore have a preparation fee, a commission, a loan payment fee and, finally, interest. Quite a lot. The installment still includes the repayment of the capital. The individual fees differ from each other and the preparation fee is indeed minimal in comparison with the commission, below the specific amount of what you pay after applying for the loan and

what will you incur the cost of consolidating payday loans?

what will you incur the cost of consolidating payday loans?

CreditFour is a maximum of 10 thousand zlotys broken up for repayment in 36 installments. Three years for repayment is a lot and after such a period you pay well over 100 percent more. However, if we compare it with the costs incurred by repaying the momentary, in addition to the penalties for delays, it is definitely better.

Every month, by paying installments in CreditFour, we will pay back all the capital charges at the end. With a maximum amount of PLN 10,000 for the largest number of installments, the cost of the sample loan will amount to PLN 13 323 and the proportions will be distributed as follows: