ONLINE LOANS – ADVANTAGES AND DISADVANTAGES
Journal: Innovative Economics and Management (Vol.I, No. 1)Publication Date: 2016-05-30
Authors : D. BIDZINASHVILI;
Page : 170-174
Keywords : Online-loans; Overdue loans; Microfinance institutions; Inflation; Pawn service; GEL functions; The annual effective interest rate; Debt; Credit history; Lien; Bankruptcy.;
Abstract
Georgian consumers have been enjoying for several years online loans. No wonder, online loan is quick and easy. He fingertips whenever you need and helps you when you do not fit most, but many people wonder how reliable this or that company. Users interested in, how can you possibly believe the borrower, which is so easily and quickly, almost without any money issue? Loan-online users issuing organizations, basically, are the people who are in urgent need of money and are forced to take out a one-sided terms of debt, which at the moment it is of vital importance. Online Creditscale organizations in the country due to the poor economic conditions, low levels of user awareness of these companies and the aggressive marketing campaign. Online Creditorganizations will further increase the country's social situation, leading to the bankruptcy of individual families and personal tragedies. Onlainsakredito organizations unjustified in its economic sense, 1000% interest rate with a product may not be any positive effect on the economy, on the contrary, if you are a beginner or a similar loan products, the entrepreneur will benefit from the bankruptcy of a chance to grow. Such instances abound in our reality.
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