A new record of private credit concession is expected this summer


Main causes of this significant growth

Main causes of this significant growth

For the observatory of society, the economy and the financing of the banks, financial companies and the private capital of the entity and firm of legal and financial services, lawyers, Nice Bank urgent mortgage, loan and credit consultants From urgent money from private capital and private money, the recent economic measures put in place have considerably reduced the purchasing power of individuals and companies, which is bringing with it that the number of requests for urgent loans is increasing considerably.

The main causes of this significant growth in operations so far this summer are explained by the need for money for consumption , in the case of individuals, and by the urgency of liquidity to pay debts and obtain capital at times when many businesses see how their activity is considerably reduced in the months of July and especially August, in that of companies and the self-employed.

To increase their liquidity to face different expenses

To increase their liquidity to face different expenses

Also the summer months is a time when many companies need, in many cases immediately, to increase their liquidity to face different expenses such as extra payments, bonuses and commissions, restructuring, business extensions, reforms, etc.

For Nice Bank, the increase, which will continue until September, may be even higher than forecast due to the continuing shortage of money and the enormous difficulty in obtaining it from banks and savings banks.

The average of the operations in which it is calculated will be carried out by credits granted by the private sector will fluctuate in amounts similar to previous years. Between 15,000 and 50,000 USD for individuals and between 30,000 and 100,000 for freelancers and companies.

Fight against fraud and has repeatedly denounced in recent years 

Fight against fraud and has repeatedly denounced in recent years 

As explained in a press release, Nice Bank has been at the forefront in the fight against fraud and has repeatedly denounced in recent years the dubious offer of credit that operates in Spain outside the law, “without adhering to strict procedures that regulate the control of the activity of private capital loans ”.

“These actions seriously harm the work and image of the loan companies that for years have operated in Spain with full guarantees and full compliance with all the required ethical and legal standards. At the same time, they endanger the economic situation of many people who go to these kinds of false companies in search of a solution to their economic situation, attracted by false promises and misleading advertising, being involved in an inevitable problem of dramatic dimensions, both economic as well as social and personal ”, they add.