The rules of the game when it comes to short-term micro or mini loans are universal. They are pretty much the same for any form of loan that is been sought, whether it is to buy a house, startup a business or fund a child’s private education. The challenge with mini or micro loans or even chwilówki Bytom is that because the amounts asked for are so small perceivably and are so easy to obtain, the temptation is there to use the ready cash, much as was the case with generous credit card limits before the 2008 financial crisis, for irreverent, inconsequential and unnecessary intangible items that will end up being here today but very much gone tomorrow.
Be as disciplined as possible in your own approach to short-term micro loans as possible. Do not even consider the loan if there are no emergencies ahead of you at this time. And when there are those occasions when an emergency has, indeed, arrived, you still need to exercise discipline and responsibility. For instance, you may be fortunate enough to qualify for an amount that far exceeds the actual amount you need for your emergency.
There is a temptation to take the entire amount. Do not do this. Stick to the amount that you need only. And then schedule to pay off that emergency loan as early as possible. The prudent goal here is to pay off the loan before the agreed to loan installment period. There are those lenders who are ‘so impressed’ with your financial discipline that they would like to offer you loan extensions or revolving credit lines on the spot.
Ignore and reject such advances. Stick only to what you need.