Revolving credit and the loans that you can take out
Strange but true, but in the Netherlands you can also take out a loan at the drugstore. Since the beginning of 2010 you can also take out a loan through Cruvats. It is not the case that you are thrown to death in the shop by advertising “borrow money here” or “can borrow cheaply at the Cruvats”. You will find brochures in the store with information about the revolving credit and the loans that you can take out. You can then find more information and request a loan online via the Cruvats website.
Bank is quite aggressive
It is not the Cruvats itself that provides the loans. The Cruvats is an intermediary between the lender and the borrower. The bank behind the whole story is a Spanish bank: Salader. The Salader bank has been active on the Dutch market for a long time. The bank is quite aggressive with its campaigns, offers lower interest rates than many other banks and is working very hard to become an established player in the Dutch credit market.
If you want to buy things on installment
Bank Salader provides loans, but you also come across the bank if you want to buy things on installment. Among other things at Market you can purchase items on installment through Salader. And most of the time the bank also links a revolving credit to that and you get a special bank card. The bank therefore makes good use of its knowledge of the Spanish market (where everyone was helped with a loan) to provide a lot of loans in the Netherlands.
The fact that you can now also apply for loans at the Cruvats has led to quite a fuss in the Netherlands as a credit country. There were even parliamentary questions. But the biggest criticism came from the Association of Debt Assistance and Social Banking. She does not think Salader offers loans through Cruvats, and that they do this on purpose to find people with the small stock market:
“It is not for nothing that Salader Consumer Finance has selected Cruvats to market this product. The bank knows that people who go to this drugstore do not have it wide. They come for the low prices, now they are also invited to take out a loan. “
Types of loans that are available cheaply
The proposition is that thanks to these types of loans that are available cheaply and with a low threshold, we will actually get more people with debts and problems with paying off. And that is very unfortunate. It is important that people are well informed and only start borrowing if they can really handle it. Many people who shop at Cruvats may not be able to do that, the Association believes.
Whether you agree or disagree with this, for people looking for a cheap revolving credit or want to reschedule their revolving credit, it is a very cheap way to take out their loan through Salader. And if you are looking for a cheap revolving credit, you have a good chance that you will end up with them. But keep in mind that it is always wise to compare loans well and always request a quote from at least two providers.
Cheapest revolving credit
Many people simply take out the first continuous credit, but if you look a little further and compare the providers, you can save many thousands of USD on an annual basis. It is mainly the large banks that charge high interest rates for a revolving credit, while newcomers or other lenders can be much cheaper.