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  • Last modified: 4th September 2017

What to do when you need money and the bank has denied you a loan?

There are times when you need money urgently and you don't know who to turn to. Friends and family cannot help you and the banks have denied your request for credit. The worst thing of all is that you know that you can return it because you have a fixed income every month. You are not a defaulter, you simply have an unforeseen event and you need urgent money. Who do you turn to when it seems like all doors are closing?

There are companies that grant mini-loans quickly and easily. This is the case with Fastcredit, which grants mini-credits from € 50 to € 800 to be returned within 14, 21 or 30 days. Surely you have heard of many companies of this type but you do not quite trust it and it gives you some mistrust. We will try to solve your doubts and help you make the decision of whether or not it is convenient for you to request a loan online.

What is Fastcredit

Fastcredit belongs to the multinational DFC Global Corp, which has been a leader in granting fast personal mini-credits for more than 30 years. It is present in more than ten countries in North America and Europe. Here in the United States, Fastcredit is a trademark of Ok Money . It is one of the best options for people who need money urgently and the bank does not grant them a loan.

Through a simple system, each customer can choose how much money they want and how long to return it. In this way, Fastcredit does not force any of its clients to face economic situations beyond their means. In addition, since you know the cost of your loan from the first moment, there are no last minute surprises. Everything is clear from the beginning. You request the credit online in a very intuitive and simple way.

How to request a mini-loan online?

Don't worry, because you don't even need to be a computer expert to be able to make your loan application online. You just have to follow these simple steps and the instructions on their website:

  1. Choose the amount of money and the time to make the return: Through its simulator, choose the amount of money you want and the time in which you want to return it . Thus, if you need € 200 and want to return it in 30 days, you will have to pay € 260, with the total cost of interest being € 60.
  2. Fill in the form: Enter their website by clicking here . In the form that appears you must provide personal information, bank account number, debit / credit card and mobile phone number.
  3. Wait for the answer about your loan: They process your application online and will inform you shortly if your application has been approved or not.
  4. You will have the money in your account shortly. How fast will depend on the bank you work with. If they operate with your bank, you will receive the money in minutes, if not, the payment of your loan may take 24 hours or 48 in the event of a weekend.

It is as simple as you are reading. It is transparent from the beginning and you can check the commissions of each loan in a table on its website.

If this is the first time you request a credit with Fastcredit, it can only be € 300. As you demonstrate your responsibility when paying your loan, Fastcredit will increase the amount of credit that you can request up to € 800.

Who can request a mini-credit?

If you want to know if you meet the requirements to request a mini-loan, take a look at this information, so you will save time before making your request:

  • Be a permanent resident in the United States: You have to be a resident and prove it by means of DNI, NIE or residence card.
  • Be between 18 and 65 years old: You must be of legal age to be able to ask for your fast money.
  • A mobile number in your name.
  • Credit card number: This credit card must have you as the cardholder.
  • You do not need endorsement or payroll. This is great news, but although it is not an essential requirement, you must demonstrate that you have a regular income of more than € 500.
  • Not be enrolled in Credit Checker: Credit Checker, RAI or any other list of defaulters.

I can postpone the payment of my credit online

Although always, before applying for a loan, you have to know how you are going to pay it, it may happen that something unforeseen arises and you need more time. If this is your case, you can talk to Fastcredit and ask for an extension. Keep in mind that you should always request it before the expiration of the term.

When requesting the extension, you will have to pay the expenses corresponding to the commission of the initial loan. In this way you prevent your debt from increasing, since you do not add the expenses of the first loan and the expenses of the extension. They are settled in order without giving the option to add both expenses.

The duration of the extension may be one month at most. That is, if you have requested € 200 to return them in 30 days, you will have another 30 days.

Return your mini-loan

When the term expires , Fastcredit will charge you directly to the card that you provided the amount of your loan. Avoid that the balance of said card is insufficient to avoid problems.

If you do not pay within the stipulated period, you will have a default penalty and this will cause a considerable increase in your debt. Your data may also be provided to the Credit Rating and Fraud Prevention Agencies. That is, appear on a list of defaulters such as the Credit Checker, which will harm you in the future when it comes to requesting another loan from another company.

On the contrary, if you return your mini-loan early, you will benefit from the decrease in the commission you have to pay. That is, your loan is cheaper for you and it will increase the confidence that Fastcredit has in you for future loans.

It is important that you understand well that a mini-loan is not a recurring source of financing but rather a timely advance of the payroll. You have to be clear at all times that you can face the return of your credit without any problems. If you are requesting a mini-loan to pay off a previous debt, it is not the best solution, since you will enter a circle from which it will be difficult for you to get out. If you have doubts about how to face the payment of your loan, it is better not to ask.

But if this is not your case and you know that, when the deadline comes, you will be able to repay it without problem, Fastcredit becomes the best option. The tranquility and security that they convey when they know that they belong to a leading group in granting microcredits is essential when it comes to talking about loans. It is no coincidence that it is present in so many countries. It is the service it provides to its clients and the satisfaction they obtain that has made it one of the most relevant companies in the world.

So, as they say: when one door closes, another opens. As you will see, this financial institution can be the easiest and simplest way to get that extra money you need, but if you want to compare credits we leave you other links that may be interesting before making a decision:

Fastcredit overview

Summary: Do you need financial aid in less than 24 hours? With Fastcredit you can have fast money in your bank account for a maximum amount of € 800.

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