Withdrawal from the Extra loan contract.

Withdrawal from the Extra loan agreement

Withdrawal from the Loan Plus agreement

The vision of quick cash can enchant many of us. Many people make a decision about taking payday loans knowingly, but there can also be people who, acting under the influence of emotions, took out a loan even though they did not need it. If you belong to this group and you realized that you do not need the money borrowed for anything, you can cancel the contract and return the amount you have received. This option is provided by the provisions in the Consumer Credit Act of May 12, 2011, which regulate the activities of non-bank loan companies. Below is an article that may be the most important in such a situation:

Art. 53. 1. The consumer has the right, without giving any reason, to withdraw from the consumer credit agreement within 14 days from the date of the contract.

How to withdraw from the payday loan agreement Plus ?

How to withdraw from the payday loan agreement Plus ?

The cited article of the Consumer Credit Act gives us a guarantee that we have the option of canceling within 14 days of the conclusion of each loan agreement. When deciding on such a step, we do not have to give the reason for our decision. If the lender insists on providing circumstances that have led to the resignation, we can rely on the above provision and do not answer such a question.

In order for the withdrawal to be effective, it is not enough to inform the lender of this intention. Within 14 days of signing the contract, you must provide the lending company with a statement of withdrawal. The aforementioned document template can be found on our lender’s website. When the lender has not released such a file, we are obliged to prepare such a statement. In order to speed up the whole process, the Loan-Portal has prepared for you a model statement of withdrawal from the contract. 

Termination of the Extra loan contract

Termination of the Loan Plus contract

Loan agreements in Extra loan are concluded for a definite period from the moment the contract is signed until the borrower returns the entire amount. As borrowers, we have the right at any time to terminate the framework loan agreement at one month’s notice, which is counted from the day on which the lender receives the notice of termination, without incurring additional costs.

Withdrawal from the Extra loan contract – consequences

Withdrawal from the Loan Plus contract - consequences

When withdrawing from the contract, we are obliged to return within 30 days the entire loan amount borrowed together with capital interest accrued from the date of receipt of the money transfer to the day preceding the expiry of 30 days from the date of withdrawal. The refund must be made to the lender’s individual bank account. All information, including the invoice number and transfer details, can be found in the framework loan agreement.

The amount of capital interest per day payable within 30 days from the date of submission of the statement on withdrawal from the loan agreement is: 0.027%. On the other hand, after this deadline, the maximum interest rate for the delay in the daily relationship is: 0.038%.

Withdrawal from the Extra loan contract – how to deliver the letter?

Withdrawal from the Loan Plus contract - how to deliver the letter?

The statement of withdrawal from the contract can be found on the official Extra loan online website in the bottom tab “Framework contract”, and more precisely in Annex 2 to the contract.

In the framework agreement, specifically in paragraph 14 – Termination of the framework loan agreement – we find information that the statement of termination of the framework loan agreement can be sent to the company’s e-mail address via e-mail or in writing to the correspondence address.

In case of any problems related to withdrawal from the contract or refund, we have the option of contacting the company Extra loan by calling the lender’s phone number, writing an e-mail and using an online chat with a consultant on the website.

What are MINI LOANS and when to apply for them

Today many people or families face a long period of economic crisis and do not always get well at the end of the month. More and more people find themselves without a permanent job that allows them to have a solid and decent monthly income and in many cases they are forced to apply for a small loan.

In order to obtain small loans it is important that we know all the characteristics of them, starting with the requirements and how we can receive them without the need for payroll. What is a mini loan?

If we are in need of some type of financing, banks and financial institutions offer a large number of proposals to obtain them. On the internet, we will also find many interesting solutions according to the needs of each one, among which the mini loans, which are aimed at an increasingly large clientele.

It is a financing option that allows us to have access to a relatively small amount of money. You might think that for this reason they are not very useful, however, the frequency of applications for mini loans in Spain is increasing, and it has become the ideal solution for all those who need a small amount of money to cover an expense unexpected.

This is the case, for example, of dental expenses or other medical problems, but also, of the mechanic’s expenses after a breakdown of our car. We can also choose the mini loan if we want to make a trip for which we do not have all the money available immediately and therefore we prefer to pay in installments.

This procedure is an unfinished financing, perfect for needs of various kinds, together with the fact of providing a cost that is not too high. When we talk about mini loans, normally the amount of money we can request goes from a loan of 500 euros to a maximum of 1,500 euros, although in some cases the maximum threshold is higher and reaches up to 3,000 euros.

Characteristic of the minimum loans

Characteristic of the minimum loans

The main feature of mini loans is precisely the amount of money we can disburse. Several advantages derive from this characteristic, which have certainly favored dissemination.

For a credit institution, the disbursement of the mini loan is a minimal risk. This lower risk translates into an easier financing grant. It does not mean that the mini loan is granted to anyone without distinction, but there are certainly fewer restrictions than financing larger amounts of money.

For this reason, even those who are not working and therefore do not enjoy a payroll, have the opportunity to receive a small loan in which they are interested.

The mini loan is, in fact, the fastest financing in history, since in many cases it provides an immediate disbursement. For this reason, it is the ideal solution for those who have to face an unexpected expense for which a loan of 1000 euros may be sufficient.

Mini loan without payroll and no guarantees: how to apply

Mini loan without payroll and no guarantees: how to apply

One of the advantages that the amount of money that we are going to ask for is quite low is that less restrictions imposed by the banks are needed. In this sense, we often talk about unsecured mini loans, but is this really possible?

Of course, there is no credit institution willing to provide financing without first providing any collateral, simply because it would be an unreasonable risk too high for the company. For this reason, although minimal, these online entities must request some kind of proof that certifies that the money can be returned.

The guarantees to which we refer about mini loans, as well as other forms of financing, are real estate, which are based on owning a property, or the presentation of a guarantor, that is, a person who in our place Take care of the monthly fees we have not paid.

If we have the opportunity to show the bank that we have a guaranteed monthly income, which can be a salary or a pension, then we can have access to financing even without having additional guarantees. As for mini loans without payroll, the main companies offer the possibility of applying online without too much trouble.

In particular, this form of loan is aimed at self-employed workers. However, if we belong to this category of applicants, it is not always possible to receive financing without a paycheck, but in this case we are offered an excellent opportunity.

If we are autonomous, we can receive the small loan we need even without guarantees, presenting the last income statement. It should be noted that in some cases, this option is also available for personal loans of higher amounts of money.

However, problems may arise at the time of the request, since the income of a self-employed worker is not as constant in time as that of an employee and, therefore, if the request is too high, it may not be possible. accept. If this is your case, we recommend you to see our guide of loans for freelancers where we explain all the alternatives that this group has, with its advantages and disadvantages in the hiring of credits.

This type of problem is not usually raised in the case of mini loans, since the monthly installments are very low, even those who do not have a particularly high income will be entitled to receive the desired financing. For the unemployed who are looking for work and are interested in a mini loan without pay, the situation will obviously be more complicated in this case.

How to apply for a quick online mini loan disbursement: the best financing

How to apply for a quick online mini loan disbursement: the best financing

Applying for this financing is very simple and most companies offer us the opportunity to do it directly online. This means that we can make the request simply by entering our bank’s page and accessing it through our credentials.

At this point we will have the possibility to compare different solutions thanks to free simulators, which will allow us to calculate the amortization fee and the interest rates of each loan based on the amount we have entered and the duration chosen for our financing.

Once the ideal financing option has been chosen according to our needs, we can proceed immediately with the application of the mini loan that interests us. Given that the amount of money is relatively low, in many cases the disbursement will be immediate, and therefore the money we will need will be immediately available in our checking account.

Quick disbursement is definitely one of the strengths of mini loans. Another service offered by several credit institutions and that speeds up the way we request even more, is through the Apps that can be downloaded on both smartphones and tablets.

In this way we will have the opportunity to manage our account wherever we are, and in the same way submit the financing request with a simple touch on the screen.

What should we consider when applying for a loan?

What should we consider when applying for a loan?

When dealing with a loan application, it is good to consider several factors:

We must carefully evaluate all available offers, without stopping at the first one we find and in their contractual conditions. Both interest rates and additional costs can vary greatly from one institution to another, and if we do not want to have bad surprises it is better that we take a little more time to consider all options well.

Never request liquidity

Because the purpose is generic and we could go to pay debts related to other credit positions open with other financial institutions. For this reason, banks, feeling exposed to a higher risk, tend to apply much higher interest rates to these types of loans.

Always specify the purpose

Banks and financial institutions package ad hoc products depending on whether the loan finances one project or another. If we already have one or more open loans, we must request the purpose of “consolidation”, a form of customer loyalty that refers to a single interlocutor, often with an easier repayment installment.

Consolidation can be a solution that meets the needs of families and those who have more than one open line of credit, perhaps without being fully aware of it. We speak, for example, of some mini-loans such as the one that opens with the purchase of a mobile phone in installments or an appliance.

By merging or redefining the debt with a single entity, we can benefit from a delay at the time of payment and a reduction in the amount of individual payments.

Profile attention

Before each transfer, we must know that the bank or financial institution evaluates the risk profile of the person and the history of the applicant, that is. Our financial history in case of insolvency or weakness, which will increase the risk factor and lead to a denial of financing or higher rates.

Creditworthiness assessment – what is credit scoring?

You think you earn a lot, you have a contract of employment and you still can’t get a loan? Do you compare the situation of friends who do not have the best financial situation, and yet the bank granted them a loan for an apartment? Maybe the problem lies deeper. Have you heard of the credit rating? In this article you will learn what credit scoring is and why it is so important when it comes to granting financial obligations. See http://www.odider.org/installment-loan-bad-credit-online-request-an-online-installment-loan-now/ for an illustration

What is credit scoring?

What is credit scoring?

Credit scoring is a special method used by banks to assess and know the result when deciding whether or not to grant a loan. In other words, bank scoring is an assessment of the credibility of a natural person or enterprise applying for a bank loan – it is a query about the result presented in the form of points. It is important to know that the greater the financial credibility of the applicant, the greater the chance of receiving an injection of cash.

How is financial credibility calculated?

How is financial credibility calculated?

Credit/bank scoring is carried out with the help of special programs, thanks to which the credit assessment result can be known very quickly. When looking for a comparison for scoring, it is worth recalling a new Polish high school-leaving examination. Readers who took this matura exam after the education reform remember perfectly how controversial the Polish language exam essay aroused. High school graduates had to properly fit the answer key to get the most points and pass the secondary school-leaving examination with the best possible result. It is similar with assessing financial credibility. Each lender has its own rating scale. If it takes into account various factors ranging from the length of employment, the type of employment contract, the age of the borrower, the purpose of the loan, even ending with the number of people living in the applicant’s home, it is not difficult to guess that in many respects we can get a good assessment, but at the same time we can lose.

Who uses credit scoring?

Who uses credit scoring?

The assessment of creditworthiness is used not only by banks, but also by many other financial institutions. Scoring is used by companies providing long-term installment loans and quick payday loans, as well as KooKs. Each of them analyzes the client according to its own algorithm, hence many queries of the same people from different lenders. If we do not get financial support in one company, it is not a rule that our loan application will also be wasted. As we mentioned, usually such companies develop and use their own scoring, but also send an inquiry to external institutions. It is about testing the creditworthiness of the client in the databases of the Credit Information Bureau. One should know that BIK also uses its own scoring.

What is BIK?

What is BIK?

To begin with, let’s remind what BIK is. The Credit Information Bureau, in short BIK is a company established by the PolBank Association and some commercial banks. The main activity of BIK focuses on the collection and processing of data of people using various financial services. BIK works closely with banks that provide information on the timely repayment by the customer or arrears. The database administered by BIK serves primarily various financial entities by presenting them with a reliable assessment of the financial credibility of a specific person.

Scoring BIK – compartments

Scoring BIK - compartments

If we have previously written that almost every financial institution has its own creditworthiness assessment score, let’s see what the socring ranges in BIK look like. Our BIK score is expressed in terms of between 192 and 631 points. The final result consists of:

  • credit activity, i.e. how many financial liabilities we have incurred and paid so far,
  • using credit limits, watch out for debit, i.e. negative account balance (lack of funds), exceeding limits on credit cards,
  • the number of applications for loans in a short period of time, in other words the tendency to borrow.

In addition, it is also presented in a simplified form – stars. The scale is from 1 to 5 stars. According to the Credit Information Bureau on its website, the relationship between the points and the number of stars is as follows:

  • From 192 to 279 points – 1 star
  • From 280 to 367 points – 2 stars
  • From 368 to 455 points – 3 stars
  • From 456 to 543 points – 4 stars
  • From 544 to 631 points – 5 stars

What affects BIK scoring?

What affects BIK scoring?

To calculate creditworthiness, BIK uses a complicated mathematical rule. However, you can find out what the main factors, according to quantitative analysis, i.e. the financial position of a potential customer, affect a good credit rating:

• income obtained

• monthly maintenance costs (rent, utility costs, etc.)

• current debt, e.g. loans repaid, credit card debt, available limits, guaranteed loans

As for the qualitative analysis, i.e. checking all the data that has a large impact on the future borrower’s willingness to meet its financial obligations, the following factors are included in the assessment:

• personal characteristics such as age, marital status, number of dependents, housing and property status,

• education, work experience, occupation, position held

• credit history, which shows whether a given person has repaid earlier financial obligations

 

The credit broker – how to choose a professional

Professional figure of the credit broker

Professional figure of the credit broker

The professional figure of the credit broker should facilitate citizens’ access to credit, encouraging them to meet with banks and financial companies specialized in the provision of loans and financing. Given these functions, it is a profession that has gained new prominence in these years of economic difficulties, in which access to credit has become a problem for many citizens and businesses. The mediator acts in all areas of credit: from simple personal loans to financing for companies, but also in the field of mortgages, in exchange for the payment of a commission for mediation.

It is therefore a delicate profession,

It is therefore a delicate profession,

Which requires transparency and professionalism. Precisely in order to prevent the citizen from coming across scams or unreliable figures, the relevant legislation has been strengthened. Today, in fact, there is the Agency of Agents and Mediators, a body that deals with drawing up and updating the lists of these financial promoters, those who meet all the requirements to exercise this profession. The first step that the consumer must take when turning to a credit broker is therefore to control his registration on the organism’s lists, as a guarantee of his professionalism.

Professionalism and integrity

Professionalism and integrity

In fact, in order to be able to register with the lists, the professional must comply with the main requirements of professionalism and integrity, including the provision to exercise the profession of mediator exclusively (to avoid doubts that the mediation activities are carried out in order to guarantee earnings and advantage in its additional employment) and the subscription of a civil liability insurance policy.

On the website of the Body it is possible to consult the lists of credit brokers (in addition to those of agents of payment services and agents in financial activity). In this register you can find information such as the mediator’s tax code, the authorization to operate, the registered office and the date of registration on the list. If the professional in contact with you does not appear on this list.

Finally, we point out that the activity that the credit broker traditionally carries out is now also facilitated online by all those portals that compare the offers of loans and mortgages, offering the customer the best choice. The advantage of these portals is the absence of commissions and the possibility of displaying more offers: but be careful, even here the first results of the search could be the result of an agreement between the portal and some banks or financial companies.

Biggest losers in baby loans

Young married couples who have reached the age of 18 but have not yet reached the age of 41 are entitled to child support. This description is true for many couples, but if you look at all the conditions, it turns out that many are deprived of baby support. These are the pitfalls of a baby loan.

Who no longer have children

bank

There are two options for families where children were born years ago and no baby is planned:

  1. If the wife has not yet reached the age of 41, they can apply for a loan – provided they meet the other conditions. In their case, the issue is interest-free: if the child is not born within 5 years of the application, the loan becomes market-based and the interest rate subsidy for the first 5 years of the term has to be repaid.

  2. If the wife is over 41, they will not be able to apply for the loan, even with interest.

Those who have a baby in late June

bank

Children born before the baby loan (July 1) are not eligible for support. Parents of babies arriving in the last days of June will be particularly penalized, as they have been expecting the child at the time of Viktor Orbán’s announcement in February, but they will not be entitled to interest-free after their baby is born.

Even if the couples are initially expecting the baby after July 1st, they eventually lose interest rate subsidies, but arrive sooner, for example. because of premature birth. In this case, the baby was “written for later” in vain, since interest relief is only available for children born within 5 years of applying for the loan.

In their case, they will need another childbearing to be free of interest. For children born at the end of June, it is not possible to suspend repayment under the Regulation.

Those who are not married and do not want to get married

Those who are not married and do not want to get married

Since babysitting support is only available to married couples, those who are not married and do not plan to have one will lose out. Even though they have been in a partnership for a couple of years, they may have several children, but they will not be eligible for a baby loan.

It is no exception if a couple in a cohabiting relationship is expecting a baby, is expected to be born after July 1, and is eligible for a baby loan outside of the wedding. It is also not a good idea to get married after the baby is born since, in order to qualify for interest, the claim must precede the birth of the baby.

Biggest losers in baby loans

cash

Young married couples who have reached the age of 18 but have not yet reached the age of 41 are entitled to child support. This description is true for many couples, but if you look at all the conditions, it turns out that many are deprived of baby support. These are the pitfalls of a baby loan.

Who no longer have children

bank

There are two options for families where children were born years ago and no baby is planned:

  1. If the wife has not yet reached the age of 41, they can apply for a loan – provided they meet the other conditions. In their case, the issue is interest-free: if the child is not born within 5 years of the application, the loan becomes market-based and the interest rate subsidy for the first 5 years of the term has to be repaid.

  2. If the wife is over 41, they will not be able to apply for the loan, even with interest.

Those who have a baby in late June

bank

Children born before the baby loan (July 1) are not eligible for support. Parents of babies arriving in the last days of June will be particularly penalized, as they have been expecting the child at the time of Viktor Orbán’s announcement in February, but they will not be entitled to interest-free after their baby is born.

Even if the couples are initially expecting the baby after July 1st, they eventually lose interest rate subsidies, but arrive sooner, for example. because of premature birth. In this case, the baby was “written for later” in vain, since interest relief is only available for children born within 5 years of applying for the loan.

In their case, they will need another childbearing to be free of interest. For children born at the end of June, it is not possible to suspend repayment under the Regulation.

Those who are not married and do not want to get married

Those who are not married and do not want to get married

Since babysitting support is only available to married couples, those who are not married and do not plan to have one will lose out. Even though they have been in a partnership for a couple of years, they may have several children, but they will not be eligible for a baby loan.

It is no exception if a couple in a cohabiting relationship is expecting a baby, is expected to be born after July 1, and is eligible for a baby loan outside of the wedding. It is also not a good idea to get married after the baby is born since, in order to qualify for interest, the claim must precede the birth of the baby.

Can I get a car loan if I am a freelancer?

credit loan

In the country, a large part of the workers are independent, but this does not mean that they do not have the same needs and dreams, including buying a car. For a long time it was thought that this was an inconvenience at the time of accessing a loan, since they did not have a way to support their income or their ability to pay, however, this is not entirely true.

Become a credit subject and demonstrate to banks

credit loan

There are different ways in which you can support yourself to become a credit subject and demonstrate to banks that you can take on a car loan and pay it in peace of mind. This has become very common, so all financial institutions that offer a car loan, take into account the requirements for freelancers.

If the request for a car loan is in your mind, these are three points to consider:

1. It is necessary to prove your financial solvency 

1. It is necessary to prove your financial solvency 

That is, prove that you are a reliable customer and that you can be a credit subject. For this it is advisable to show account statements of past months and you can even get used to deposit a monthly amount, so that it will show proof of your savings.

2. In some cases, a field visit may be necessary 

credit loan

Depending on how complete they find their documentation, the consultants may ask to visit the field, especially in the case of specialized financiers, as it will allow them to check the nature of their work and other data put in their documents.

3. The requirements are different from salaried people 

credit credit loan

You will not be asked for an employment contract or a letter of recommendation, but bank statements of the last months, in order to corroborate your income, how much money you have moved and in what areas. Don’t forget to check the list carefully to make sure you have everything you need depending on the nature of your case.

We all have different needs and when it comes to acquiring a car, the type of work does not have to be an impediment. Also remember that, if you are looking for a loan, you should select the one that gives you a fixed and low interest rate, and for that you can use the Othello auto loan comparator.

Credit Cards: Danger Cloning Arrives From East

The cloning of credit cards: a scam that we have known for some time but that in recent years has seen the beautiful country increasingly as the nerve center of operations.
Italy is chosen as a database, in particular the Italian cities of art are the places where the scammers implement their own stratagem to collect the data useful for triggering the scam .
Doors fake ATM skimmer with miniature cameras and the size of a fingernail is used to steal unsuspecting patrons codes of credit cards and debit cards.

They targets foreign tourists who visit our country

They targets foreign tourists who visit our country

The scammers , through complex instruments that clone the magnetic strips of credit cards , manage to empty entire current accounts with simple operations carried out in different countries of the world such as Belize, Jamaica or Indonesia, where ATMs still use as a reading tool and recognition magnetic stripes. From a very rough estimate, given that it is impossible to quantify how much money goes around this business, we can say that the savings that are taken away from tourists by criminal associations mainly from Eastern Europe are not less than 150 thousand euros per week .

Of course, summer is the most “dangerous” period for this type of fraud, given also the increase in the flow of tourists to our country.

As mentioned, the tourist and art cities are the favorite destinations for scammers for this raid that is reaching figures never seen before; from Venice to Milan, from Naples to Rome passing through Florence, the great areas of historical interest, the museums and all the symbolic places of our country, become places for the organizations of the East that go to make up all the ATMs closest to they.

 

The collection sometimes allows him to withdraw

atm withdrawal

after the cloning, thousands of euros in a few minutes. The choice to focus on tourists is not at all random. In fact, the amounts relating to withdrawal or payment transactions on current cards abroad are not communicated to the interested party in real time but after a few days, thus allowing the groups to be able to move the illicitly stolen amounts rapidly.
A turnover that over the course of the year reaches almost 10 million euros but as mentioned the figure is purely approximate, given that for the authorities it becomes practically impossible to ascertain all the frauds as precision.

Obviously, this business is carefully monitored by the Carabinieri of the Monetary Refusal, a specially dedicated and specialized team of fraud, led by Colonel Francisico Firrase.

 

How fraudsters steal your data

How fraudsters steal your data

In this complex mechanism also formed by specialists such as engineers, computer scientists and simple workers, Italy represents the fundamental junction, the database from which to draw information. Investigators dell ‘forgery have discovered an even more effective system that fraudsters use to steal data: in practice the Atm doors are infected with malware which, while not altering in any way the operation of the machine that continues quietly to dispense money, they manage to clone all the credit card data present in the counter. They are then sent by e-mail abroad where credit cards are physically cloned and withdrawals start, all obviously unaware of the credit card holder.

However, tampering with an ATM door is not as simple as it may seem, and to succeed, scammers can find increasingly sophisticated technological solutions.
Let’s try making the example of the skimmer which is a device that manages to capture the magnetic stripe of the credit card . It is mounted in the slot where the paper is inserted or installed externally and camouflaged with plastic parts identical to those already present in the ATMs . The skimmer, which is simply powered by batteries, can save hundreds of magnetic strips on a memory. However, it is not enough to know the magnetic strip to take away the money but you need to know the PIN. To solve the problem, scammers either install micro-cameras to film the code entry by card holders, or overlay fake keypads that store the codes on storage media.

 

How can we defend ourselves?

card skimmers

The Anti-Banification has devised a sort of vademecum to follow to the letter to avoid risks.

  1. Check that there are no silicone residues in the slot where the credit card is inserted or that there are no added posts that do not adhere perfectly to the rest of the door;
  2. Presence of unusual sheets of paper, glue or mastic residue, as well as any scratches or bruises on the keyboard that could have occurred due to the overlapping of a keypad to steal the codes;
  3. Check that there are no abnormal holes that could suspect the installation of micro-cameras;
  4. Hide the view while typing the Pin code with the other hand or with the same wallet to make life more difficult for any scammers ;
  5. Call the toll-free number to block the card if it is not returned by the ATM;

So few little hints about not having to live with the worry of mind a simple ATM withdrawal. Also, do not forget to enable sending SMS whenever you make a withdrawal. The SMS is configured directly within the website of the bank or the credit card manager, our advice is to set a threshold that is not too high to allow you to receive a notification in real time so that you can intervene promptly.

Credit Cards: Danger Cloning Arrives From East

card cloning

The cloning of credit cards: a scam that we have known for some time but that in recent years has seen the beautiful country increasingly as the nerve center of operations.
Italy is chosen as a database, in particular the Italian cities of art are the places where the scammers implement their own stratagem to collect the data useful for triggering the scam .
Doors fake ATM skimmer with miniature cameras and the size of a fingernail is used to steal unsuspecting patrons codes of credit cards and debit cards.

They targets foreign tourists who visit our country

They targets foreign tourists who visit our country

The scammers , through complex instruments that clone the magnetic strips of credit cards , manage to empty entire current accounts with simple operations carried out in different countries of the world such as Belize, Jamaica or Indonesia, where ATMs still use as a reading tool and recognition magnetic stripes. From a very rough estimate, given that it is impossible to quantify how much money goes around this business, we can say that the savings that are taken away from tourists by criminal associations mainly from Eastern Europe are not less than 150 thousand euros per week .

Of course, summer is the most “dangerous” period for this type of fraud, given also the increase in the flow of tourists to our country.

As mentioned, the tourist and art cities are the favorite destinations for scammers for this raid that is reaching figures never seen before; from Venice to Milan, from Naples to Rome passing through Florence, the great areas of historical interest, the museums and all the symbolic places of our country, become places for the organizations of the East that go to make up all the ATMs closest to they.

 

The collection sometimes allows him to withdraw

atm withdrawal

after the cloning, thousands of euros in a few minutes. The choice to focus on tourists is not at all random. In fact, the amounts relating to withdrawal or payment transactions on current cards abroad are not communicated to the interested party in real time but after a few days, thus allowing the groups to be able to move the illicitly stolen amounts rapidly.
A turnover that over the course of the year reaches almost 10 million euros but as mentioned the figure is purely approximate, given that for the authorities it becomes practically impossible to ascertain all the frauds as precision.

Obviously, this business is carefully monitored by the Carabinieri of the Monetary Refusal, a specially dedicated and specialized team of fraud, led by Colonel Francisico Firrase.

 

How fraudsters steal your data

How fraudsters steal your data

In this complex mechanism also formed by specialists such as engineers, computer scientists and simple workers, Italy represents the fundamental junction, the database from which to draw information. Investigators dell ‘forgery have discovered an even more effective system that fraudsters use to steal data: in practice the Atm doors are infected with malware which, while not altering in any way the operation of the machine that continues quietly to dispense money, they manage to clone all the credit card data present in the counter. They are then sent by e-mail abroad where credit cards are physically cloned and withdrawals start, all obviously unaware of the credit card holder.

However, tampering with an ATM door is not as simple as it may seem, and to succeed, scammers can find increasingly sophisticated technological solutions.
Let’s try making the example of the skimmer which is a device that manages to capture the magnetic stripe of the credit card . It is mounted in the slot where the paper is inserted or installed externally and camouflaged with plastic parts identical to those already present in the ATMs . The skimmer, which is simply powered by batteries, can save hundreds of magnetic strips on a memory. However, it is not enough to know the magnetic strip to take away the money but you need to know the PIN. To solve the problem, scammers either install micro-cameras to film the code entry by card holders, or overlay fake keypads that store the codes on storage media.

 

How can we defend ourselves?

card skimmers

The Anti-Banification has devised a sort of vademecum to follow to the letter to avoid risks.

  1. Check that there are no silicone residues in the slot where the credit card is inserted or that there are no added posts that do not adhere perfectly to the rest of the door;
  2. Presence of unusual sheets of paper, glue or mastic residue, as well as any scratches or bruises on the keyboard that could have occurred due to the overlapping of a keypad to steal the codes;
  3. Check that there are no abnormal holes that could suspect the installation of micro-cameras;
  4. Hide the view while typing the Pin code with the other hand or with the same wallet to make life more difficult for any scammers ;
  5. Call the toll-free number to block the card if it is not returned by the ATM;

So few little hints about not having to live with the worry of mind a simple ATM withdrawal. Also, do not forget to enable sending SMS whenever you make a withdrawal. The SMS is configured directly within the website of the bank or the credit card manager, our advice is to set a threshold that is not too high to allow you to receive a notification in real time so that you can intervene promptly.

Withdrawal from the credit company – contract.

 

Withdrawal from the GofoCred contract

Withdrawal from the GofoCred contract

GofoCred is a company providing online payday loans, belonging to the company Speedy Finance present in many European countries. The company started its operations on the Polish market in 2011. The main product of GofoCred are short-term payday loans, which we can take without leaving home using a device connected to the Internet. We can take out a loan from $ 100 to 4000 for a maximum period of 30 days. In turn, if after taking the payday loan we decide to cancel the signed contract, we can do it on the basis of the provisions contained in the Consumer Credit Act of May 12, 2011, which regulates the activities of non-bank loan companies in Poland.

Art. 53. 1. The consumer has the right, without giving any reason, to withdraw from the consumer credit agreement within 14 days from the date of the contract.

How to withdraw from the GofoCred payday loan agreement ?

How to withdraw from the GofoCred payday loan agreement ?

Withdrawal from the payday loan agreement with GofoCred takes place after the lender has submitted a written statement. This should be done effectively, because in case of any irregularities, we are obliged to prove delivery of such notification. The model statement on withdrawal from the loan agreement should be on the website of our lender.

Pursuant to the abovementioned article of the Consumer Credit Act, the completed statement must be submitted within 14 days of signing the contract. Cancellation of the contract is voluntary and does not involve any additional explanations regarding our decision.

Termination of the GofoCred contract

Termination of the GofoCred contract

The lender may terminate the contract with immediate effect in the event of:

  • untimely repayment of the loan together with due receivables,
  • providing false information and data necessary for its proper verification and assessment of creditworthiness,
  • when our credit rating is negative

As soon as the contract is terminated, we will be obliged to repay the entire obligation.

Withdrawal from the GofoCred contract – consequences

Withdrawal from the GofoCred contract - consequences

Many lending institutions add fees or commissions to borrowers when they decide to withdraw from the contract. When resigning from the contract at GofoCred, we must take into account the payment of capital interest calculated from the day the money is withdrawn until the loan is returned.

The amount of capital interest will be given to us to two decimal places. It may slightly differ from the total amount of capital interest indicated in the individually agreed contract terms in relation to the period for which the loan was granted. In turn, in the event of a delay in repayment (more than 30 days), the loan company may charge us additional interest for delay in the amount not exceeding twice the sum of the reference rate of the Polabank and 5.5 pp, and carry out reminder and debt collection activities.

Withdrawal from the GofoCred contract – how to deliver the letter?

Withdrawal from the GofoCred contract - how to deliver the letter?

The deadline to withdraw from the contract is met if, before its expiry, we submit a statement of withdrawal to the lender. During the delivery of such a document, we also undertake to return the entire borrowed amount together with capital interest for the period from its payment to the time of repayment. In the GofoCred framework agreement we find information that a statement of withdrawal should be sent to the lender’s address. The company also provides us with the opportunity to submit a statement electronically.

A model statement of withdrawal is Annex 2 to the contract, the sample content of which can be found on the lender’s official website in the “Contract Terms” tab. The statement should be printed and completed, entering our personal data, address, ID number and series, loan number and date of conclusion of the contract in the designated places.