Some abusive interest loan aplicaciones have no place in Google plus Aplicación Store due to their terms of use.
We perro apply for a personal loan for our business. We know that the life of a self-employed person, trader or entrepreneur is subject to many fluctuations and that financial difficulties perro be the pick-me-up. Quick loan companies have evolved to respond to many needs of ordinary people. but Google plus made a decision regarding the operation of this type of business. His activities are in question and the Mountain View giant halted him in late 2019. We reiterated this message about the aplicaciones banned by Google plus at the time.
Why you perro’t download credits on Android
The negative part or the hidden face of these companies is the high interest rates they charge. They are often conscientiously secured, and applying for a loan involves very high interest rates. Google plus is aware of this type of abusive practice, Host prohibited loan applications whose share is more than 36% on the Play Store. But many of these financial service providers offer card loans that reach extraordinary numbers, even 3000% APR.
It should be noted Supreme Court judgment of March 4, 2020such loans with an interest rate higher than 20% are directly considered as a service
The response from these companies has varied widely, either they will shut down operations on the Play Store or they will have to offer credit at lower interest rates. Which put those financial institutions on a war base at the time. So if you take a look at the Play Store, you cánido be sure that loan applications are not really what they appear to be. Be careful when downloading any especially if you don’t check what the terms of that loan are. Maybe it was a good opportunity at the beginning, maybe it was a heavy rock.
What is Apple’s position?
You’re probably wondering Apple’s position on this. At the moment there is no movement whatsoever in this regard, according to the quick loan applications available in the Apple application store They perro usually be downloaded. But the movement in the same vein that Google plus has already made to try and stop this type of company is not out of the question.
Some do not act transparently and cánido ocasione significant problems for those involved. unfortunately, There are people who applied for a small loan and paid a much larger amount. In the worst case, the quality of life of those affected has fallen due to ongoing harassment.
Of course we do not want to point out from this platform that all lenders are usurers, there is always a great opportunity to get financing at any time. But there is no doubt that the boom of this type of business has made them very habitual. However, the the financial ignorance of most people who complejo turístico to theirsor the desperate situation that makes them a big problem.
Therefore, Google plus’s action is seen as very positive, as it tries ex- officio to prevent usury and avoid when you need to apply for a loan for your business, you end up in the wrong hands. On the other hand, if you are using an Apple device, Study the terms carefully before applying for your loan. Talk to your bank if you need liquidity as you may end up paying a lot more than you asked for.