That within private capital there are different private companies dedicated to grant loans is something that we should all know.
Not all the companies that are dedicated to offer financing offer these loans in the market being something to take into account.
In private financing we can see in the same way that happens in banks, loans very different from each other.
In the same way that there are particular loans destined to be processed with endorsement we also see others that can be obtained without need of these.
Positive for people who may need financing at a given time because without this they would find that they could only process a few loans.
And if you think about it, the particular credits are the financing alternative to the banks.
It is these financial companies that ultimately allow their clients to access loans where, by bank, they always obtain the no by response.
What particular loans do these financiers offer?
As we just said there is everything, both loans without collateral and the other way.
But the credits with endorsement are characteristic of this financing.
It is these private and private capital financiers that ultimately end up focusing on secured loans given the best requirements and conditions.
Something that on the other hand is to be expected since the financiers that offer these loans have always been looking to reduce the risk of operations.
Because in the same way that the financial ones make it easier to sign your credits you also have to say the risk of default is higher.
It is greater than the one suffered by banking entities, which have really low delinquency rates.
It also influences the fact that within the private finances there are companies such as those that make money micro loans.
It is these entities that end up signing small loans at a national level, being easy money that increase the rate of defaults.
It must be borne in mind that microcredits are usually easy loans that are practically available to anyone.
The fact that these companies offer these credits in the end what it generates is that many people, given the ease with which they are obtained, do not return it.
It can occur in any of the many aspects of the business.
This delinquency rate ultimately affects the entire sector, thus making the default rate on private loans higher than the average.
If we only took into account the loans with endorsement, we would see how this rate does not exceed 15%.
Yes, they would still be higher than those seen in banking entities but there would not be much difference compared to what there is now.
Also the fact that these people can access loans instantly also favors all this.
So talking about a single credit is at least unrealistic.
As we have seen, you can access both the loans without collateral and the loans with endorsement through the private financial institutions.
It is your decision whether you choose one option or another.