Microcredits, microloans, mini-credits or quick credits, are personal loans of low amount, designed to be repaid in a short period of time by applying interest and fees. The main virtues of microcredits are precisely its greatest defects. Microcredits were conceived to facilitate credit in an agile way, allowing people with fewer resources to access financing seeking an alternative route to other traditional credit institutions. However, as in all economic areas, a poor commercialization of microcredits and abusive interests hidden in small print have caused many people who have contracted this type of credit to be involved in a spiral of debts and want to claim.FREE CONSULTATION
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