Rapid loans for SMS, the future is already here
You take the mobile, send a simple text message, hope 15 minutes and you already have 300€ in your account. The facility with which it is possible to obtain a rapid loan for SMS in Sweden is doing that the Swedish young people knows the wonderful world of the financial debts. Not that to say has that it has been the whole success between the Swedish youth, like that of the whole world, accustomed to being the whole day with the mobile in the hand.
You ask for 320€ and have to pay, between expenses and interests, 18 %, a few 55€. Now then, you have to return it in the course of one month. In the end, as many young people asks for it cheerfully, ends up by being in a situation in which they have to ask for another loan with higher interests to be able to return this one and get into an unstoppable vicious debt circle.
The first rapid loans for SMS began happening in Sweden to half of 2006, three months later they began claiming the first debt cashings. It is supposed that this service is offered in more European countries, but the Swedish authorities worried so about the topic that they have had to put hand to lower the initial interest rate of the loans. Of course the companies that offer these services point out that persons ask for his loans of between 32 and 99 years (nothing of young people younger than 20 years) and that have a valuation of slowness of 2 %.
I do not even want to think what will happen when this comes to Spain, because it will end up by coming, more soon that I was late. What danger.