Borrowing from the Lang Son family is actually a form of usury, which is not allowed by law. If you need a quick loan, you should not fall into it because of many risks.
You need to borrow cash urgently in Lang Son but have difficulty because of bad debt history, cannot borrow from banks. And you are looking to switch to borrowing bowls of the Lang Son family to get money quickly. However, do not rush to decide because this form is not currently recognized by law and always contains many dangerous risks.
So where should you choose a loan for safety, low interest rate? The following article of CashBerry will have the most accurate answer for you. Let's follow along!
Why do many people choose to borrow their bowls in Lang Son?
Lang Son is home to many different ethnic groups such as Tay, Muong, Nung, Kinh, Hoa, San, Dao, Khmer, etc. This is a mountainous province in the north of Vietnam, a border gate serving the needs of people. trade and trade directly with China.
Therefore, there is always a shortage of business capital here, but the financial support units do not have enough to meet up. While capital from official banks is difficult to access because of cumbersome procedures, bad debts are not eligible for loans.
Many individuals have taken advantage of the high demand of the local people to conduct black credit loans, loans to them, and external installment loans with extremely high interest rates. Especially, borrowing from them , a hot loan form in Lang Son, has attracted a lot of attention in recent times.
Picking up surname is a common term in many places, but for a part of Lang Son people, this is a very new form. By borrowing them between individuals, pooling money together according to self-set rules and then taking all this money to 1 borrower.
The lender will set the conditions for you and once you join, you will definitely have to pay interest on a daily basis to the creditor. This interest amount will depend on the initial loan amount according to the ratio: if you borrow 15 million, you will receive 12 million, the next 50 days you will have to pay 300,000 VND/day.
Borrowers will not have to prepare complicated procedures or prove their income, just provide the creditor with important documents such as:
- ID card/CCCD, driver's license,...
- Household book (original) for the borrower.
- Sign the paperwork to pick them up and get the loan amount you want quickly.
Usually, people who come to borrow money are facing financial difficulties, need money urgently and do not wait to borrow from banks and reputable financial companies.
Borrowing their bowl in Lang Son , should or should not?
Should they borrow bowls from them in Lang Son ? The answer is definitely not. Because as mentioned above, this way of borrowing seems convenient but has many potential risks. Especially having to pay high interest rates every day, today's interest accrues to the next day. Just like that, a cycle repeats itself, causing borrowers to fall into default , unable to pay.
In fact, there have been many cases because of being unable to repay the loan, the lender has come to squeeze the debt and confiscate the property. At first, they were just threats and insults until the debt piled up, then they were smashed, taking all valuable assets in the house. They even confiscated land and houses, beat them, and caused serious injuries.
According to the provisions of the amended and supplemented law (2017), picking their bowls is considered a form of usury. Lenders found to be illegal will be administratively sanctioned. But once a large loan amount affects society, it will be criminally responsible before the law.
loan forms in Lang Son . Expanding branches, giving priority to Lang Son fast loans for customers with household registration books and ID cards in the following districts:
- Van Lang district
- Cao Loc district
- Loc Binh district
- Bac Son district
- Dinh Lap district
- Binh Gia District
- Van Quan district
- Chi Lang district
- Huu Lung District
- Trang Dinh district.
If you are really in need of money urgently, you can refer to the online loan service to support bad debt of CashBerry, one of the leading reputable financial companies today.
Online loan solution to support bad debt from CashBerry
Borrowers forget to make payments to banks, financial companies or cannot control spending, leading to inability to repay , including loans borrowed when buying goods on installments , etc. bad debt status.
And bad debt if you want to borrow money from a bank, it is almost impossible. As for consumer loans , companies/organizations that provide online loan services can accept bad debts.
For example, at CashBerry, you can apply for a hot loan in Lang Son with your ID card/CCCD. This is an online unsecured loan service developed by CashBerry itself, supporting all levels of bad debt. Your loan will be approved within the same day with a limit of up to VND 10,000,000.
Advantages of online loans at CashBerry
- Ready to support bad debt records from group 1 to group 5.
- Quick loan approval within the day, committed to confidentiality of information.
- The procedure is simple, the registration steps are easy to follow, anyone can get a loan.
- The system automatically approves the application, disbursing immediately to the ATM account/card if the application is approved.
- Preferential interest rates, only from 10.95-14.6%/year.
- Do not keep original documents, do not need to meet to prove income.
- All steps of loan registration and payment are 100% online.
Steps to borrow online, transfer instantly
As the name suggests, online loan is a 24/7 fast loan service , where all procedures are done by phone, computer or iPad. Thanks to that, you can apply for a profile, get instant loan approval as well as receive money transfer within the same day with these simple steps:
- Step 2: On the next page, there will be sections asking for personal information, please fill in the most complete and accurate information to complete the profile.
- Step 3: Submit the application and wait for the system to verify. During the waiting time, a CashBerry specialist will contact and re-verify you about the loan, as well as inform you of the loan amount.
- Step 4: The system accepts valid documents and proceeds to disburse to the bank account/ ATM card that you registered previously.
- Step 5: Make payment on time of the contract, can borrow again if needed.
Some notes when borrowing money at CashBerry
Unlike other lending institutions in Lang Son , CashBerry always conducts thorough financial advice for its customers. During the loan process and loan payment, you must note the following points:
- Self-assess your ability to repay before deciding whether to get a quick online loan or not. This will help you avoid a spending imbalance or inability to repay the loan.
- Make a smart capital use plan before receiving a loan.
- It is necessary to have a loan payment schedule 2-3 days in advance so as not to forget and pay late.
- In case you have difficulties and cannot pay your debt on time, you can contact CashBerry via hotline 1900638385 for support staff to find the most optimal solution.
Common problems when borrowing bad debt
Bad debt on CIC, how to borrow money?
If you borrow from banks , the possibility of approval is almost zero. However, CashBerry will still support you with short-term loans, same-day transfers.
Can I get a credit card with bad debt?
You can't get a credit card with bad debt. Because many factors must be met to open a card, one of which is a clean credit record.
Can bad debt be re-borrowed after settlement?
Will be re-borrowed provided that your CIC history has been updated, full of payments.
Bad debt and want to buy in installments, is there any support unit?
Currently, many financial units do not support customers with bad debts. This is also understandable, as it brings more risks to these entities than benefits.
Should or should not borrow through an online app to support bad debt?
The situation of black credit hiding in the shadow of online loan applications is complicated. Once you have avoided borrowing from them in Lang Son , you should not arbitrarily decide to borrow through the app anymore. Choose big, reputable names like CashBerry to borrow money online to support bad debt.
The ever-evolving life requires people to always be ready to cope with all possible possibilities. If you are unfortunate enough to have bad debt, leading to a deadlock in capital, never choose to borrow from them at any organization in Lang Son. Make sure your loans come from a reputable place, have a clear loan contract, in accordance with the most legal regulations!
If you have any questions or need to know more about the promotion, you can send a message to Fanpage CashBerry - Everyone's financial friend for answers.