Repay a loan, account debit alternatives

The most common option to repay a personal loan is the direct debit in a current account, generally the same account used by the customer to receive the sum paid out by the financial company and then used for their own projects. However, there are some alternative solutions for those who do not want or cannot use a bank or postal current account to repay the debt.

Repurchased loans

Repurchased loans

A first option is repurchased loans, which make use of bills of exchange as a reimbursement tool, to be filled out every month and paid with absolute regularity so as not to incur protests and foreclosures. This solution is generally open also to those who have had problems repaying previous debts, since the bill of materials in itself provides a guarantee to those who grant the loaned money to be able to return what was due precisely through the attachment. Needless to say, this is not a risk-free option, and there are not many financial companies that offer this possibility.

Installment payments

Installment payments

However, the case in which it is allowed to pay the installments to the post office with simple monthly bills is different. Among the financial companies that offer the possibility to pay the loan installments through postal bulletins and in enabled bins we find for example Cleopar and Astrofinance.

Repaying loans with postal bills is neither complicated nor particularly risky, except for the possibility of forgetting the payment of the installment, which is of course not automatic, as in the case of a debit on a current account. However, this is an impractical solution, unless you have the possibility to pay the bills via Internet banking, ie online and without files at the counters, and with additional costs represented by the commission to be paid to each bulletin. When the repayment of the loan lasts for several years, this should also be taken into account for the total expenses. In any case, however, even when direct debit is chosen in the account, some financial institutions provide for an installment commission, others do not, therefore it is always advisable to evaluate this monthly cost item when comparing the bids.

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