Agribusiness is the practice of lending money outside the legitimate credit market, without authorization from the Central Bank, at illegally high interest rates and without proper legal authorizations to do so. Does that sound good to you?
Often the moneylender attracts his clients by offering loans for those with a dirty name or who has a Serasa score or good low score, offering quick cash without proof of income, however there are some conditions for this, such as giving some guarantee or deposit in advance.
You do not have to go too deep to know that you are getting into a cold, yet we separate tips to get away from them and go where you will in fact be served within the terms of the law:
The practice of mortgaging is a crime
Yes, it is considered a crime by the National Financial System, since it lends money without prior authorization from the competent body, the Central Bank of Brazil, as provided in Article 7 of Law 7,492 / 86. This offense carries a penalty of 2 to 8 years in prison and a fine.
The moneylender charges high interest rate
Another reason for you to run away from them. Keep in mind that moneylending is scam and therefore they charge a high price to be able to enrich the costs of those who are negative or with low serasa score. The fees charged by them can reach up to 100% per month! Many times the person needs urgent money ends up accepting the terms of them.
Ask for your goods as collateral
As they do not ask for proof of income to offer you the loan, they will fatally ask for a guarantee, if you have car or house they will surely be asked as collateral on the condition of “reducing” the interest rate, or even ask for advance deposit. Do not fall for it! These guarantees are often much larger than the loan application itself and if something goes wrong they will force you to fulfill the promise, you will not be able to turn to Procon or the Central Bank to help you.
Because they are not within the law, the methods of collection are often violent, the person suffers persecutions, threats and even physical violence. Fear is always their main tool of work forcing you to do what they want by discouraging you from looking for the police.
Look for reputable companies
We are in the information age, just a simple quest to know which moneylender is the biggest cold you can face in your life. Today there are several free information channels that help you find the best personal loan online, as our partner Low Interest you can find more than 30 institutions to take your loan legally and quickly. Use the loan simulator and choose the company that best suits you.
If you prefer, you can take an online loan with us, you get 200 to 3000 reais quickly, safely and without bureaucracy, you do not have to leave the house for this, 100% online, fast money in your checking account. And the best, you can pay in up to 12 times.