Moscow, December 25 – Before taking out a loan, it is important to assess whether you can repay it. There are loans that you should not take part in at all – they can be dangerous for your financial well-being, Elena Kuderko told the Prime agency, lawyer.
First of all, we are talking about loans that exceed your maximum leverage level. Quite simply, all debts on which you have to spend more than half of your average monthly income are dangerous. And even if a relatively small loan exceeds this critical level, it is better to refuse it.
In general, even the most modest amounts with high interest and collateral – for example, things in a pawnshop – are fraught with losses. If you are offered conditions that are not reflected in the contract, it is better to refuse to sign the documents, concluded Kuderko.
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