MonthJuly 2019

Fast SMS Loan

Short-term micro-loans, which are mainly provided via SMS or the Internet. Many customers are grateful for the speed with which such credit is provided. In general, online calculations do not exceed the time limit of a few minutes, money is most commonly available on the same day. On the other hand, it is a relatively expensive loan in terms of interest rates, which is actually very high, although the depreciation plan is usually quite short. But it serves to quickly overcome the financial problem, whether you live alone or need to solve economic difficulties within the family budget. Learn more here.

Indeed, it is a big hit of modern times

personal payday Loan

Here are a few benefits, not only for new customers, but especially for those who are more stable, who will surely appreciate interesting loyalty discounts. So what bonuses can be mentioned here?

Ask online is very simple, write a few dates in a short contact form and half the administration around the loan is actually at this point already for you. Great, right?

SMS credit is absolutely nothing, there is no reason for applicants to write that they want a smaller amount to actually borrow. Admit it, is this step completely unnecessary?

There are providers who are not in case of application for SMS credit show a stable income as well as you will not test in the register of borrowers.

Availability of credit-maximum

Availability of credit-maximum

You always have an accurate overview of how much you actually pay. Principal plus interest, no extra charges, it’s just a legacy these days. Transparent conditions that will never change!

A big bonus is also the possibility of extending the deadline, all for a modest fee. You do not have to worry about not meeting the original deadline, there is a problem, just agree actively and everything will be fine. However, if you exceed this extended period, the delay charges will be very high. Therefore, you must carefully consider whether you have a loan to repay. This is also true for smaller loans, which are often in the form of a single SMS message, and also for consumer loans of tens or even hundreds of thousands of crowns.

How much can you borrow?

money loan

Fast SMS providers have an interesting bonus prepared for new customers, but there are also some limitations. A beginner can issue a first loan free of charge if there is a fine, his payment history, interest, which he then gallantly forgives. For new customers, however, a large amount is not ready, maximum-about several thousand crowns. After the first loan in order to repay, the ceiling usually increases – with most companies that provide a quick SMS loan, as usual, the limit of ten thousand crowns, in some cases you get something that is a little higher amount of money.

It also doesn’t matter what your social status, your job, or where your permanent address is. Non-bank SMS loans guarantee clear and understandable conditions for everyone, usually under such conditions there are so few that practically everyone can get into them. Theoretically, all applicants over eighteen years of age who can prove regular income (but this does not always and everywhere, this document, as usual, is not required as usual) and the permanent address in the Czech Republic can borrow theoretically.

The higher percentage is usually a disadvantage, remember that you pay the need for a week or a month. In this case, the amount to which the initial principal of the loan will be increased will not be dizzying. Most often it will be an amount in a few centuries, which is in principle exempt from tax for getting money really lightning speed and without unnecessary questions or other formalities.

Frozen bank account

Here is a typical scenario: you go to the ATM to get some cash to pay for your groceries, but to your surprise, your bank account has been frozen and you can not complete your withdrawal. Panic sets in. How are you going to pay for groceries, gas and other basic needs? Rest assured , there are solutions to lift the freeze code from your bank account.

Who can freeze your bank account?


The first thing to do is to determine who has applied a freeze code to your bank account. It may be your financial institution or another creditor to whom you owe money. If you have tax debts, it is often Good Finance for reasons that we will explain below.

In the vast majority of cases, the creditor in question will not have given you a warning that he is trying to freeze your bank account. You will not be warned to prevent you from rushing to your bank to withdraw your money. It’s annoying, but logical.

Your financial institution


If you owe money to your bank, especially if you have credit card debt, it is possible that it is behind the freeze code on your account. In the fine print of several credit card agreements, it is explained that the bank may freeze your account and enter money directly if you are late on your minimum payments.

Good Lender and Good Finance

If you have tax debts with Good Lender or Good Finance, it is quite possible that your bank account will be frozen accordingly. Both income agencies are regularly behind such foreclosures because, unlike other creditors, they do not need court judgment to freeze your bank account. A simple letter to your financial institution is sufficient.

From experience, Good Lender and Good Finance will only freeze your bank account if you do not cooperate (if you do not respond to their letters). They use this means to give you an ultimatum and force you to communicate with them.

Any other creditor

Any of your creditors with payment arrears may try to get a judgment against you in court and then use that same judgment to have your bank account seized. This is not a simple or common procedure, but it can happen if the creditor has made many attempts to recover without success.

What to do if your bank account has been frozen?


The first step is to immediately open a new bank account in another institution. You should not choose a bank to which you owe money for obvious reasons. It is also good to remember that a bank can not refuse you the opening of a bank account.

Then, once the new account is open, make sure your payroll and any other automatic deposit is made to this account (not the old frozen account). You will have to act quickly again because these changes may take a few days to take effect.

Now that you have regularized your situation and are able to do your grocery shopping, it is important to find a permanent solution to the problem.

Make a payment agreement

Make a payment agreement

Most creditors will agree to remove the freeze code from your bank account if you contact them and sign a payment agreement. Most of the time, the freezing of the bank account is used to react and open discussions.

Good Lender and Good Finance are particularly willing to make payment arrangements that will allow you to pay a reasonable monthly fee.

Submit a consumer proposal

A consumer proposal is a legal procedure for entering into a repayment agreement with its creditors. The consumer proposal offers a wide range of legal protections including the lifting of seizures (seizure of bank accounts and seizure of wages) as soon as it is filed. You will also be protected against future seizure.

By filing a consumer proposal, you can significantly reduce the total amount of your debts and spread your payments over a period of up to 5 years, without interest.

Only a licensed insolvency trustee such as J. Alfred Prufrock & Associates may file and administer a consumer proposal. If your situation is urgent, we can meet you quickly and without charge in one of our multiple offices in Quebec within less than 48 hours.

Declare bankruptcy

Of course, personal bankruptcy is a last resort that must be considered only after all other options have been studied.

However, for many people (more than 24,000 in Quebec in 2016), this is the right solution to make a fresh start, free of debt. Bankruptcy is a right and remedy that you can use to protect yourself from your creditors.

By filing for bankruptcy, the seizures against you will be suspended and your bank will be released. Your creditors will also stop harassing you and will only need to contact your trustee from now on. You can finally find peace of mind.