Daily loans or "drip".
A paradigmatic case of the users who can become the interest rates charged by lenders that unlike what happens with financial institutions and credit cards operate beyond legality and control are called daily loans or drop dropwise.
It is microcredit cancellable between 2,000 and 10,000 pesos in daily installments, house collector and minimum access requirements, which are offered on the Internet or on public roads and are especially aimed at traders.
According to Telam could verify, it is effective lending at 30, 50 or 60 days, with an interest rate of between 25 and 50 percent per month (excluding other expenses of granting normally required); when the total financial cost monthly average for personal loans taken in public banks does not reach 5 percent.
Offered by individuals or firms without another facade that a phone number or an email address, the existence of this underworld credit again come to light in late February, after the murder a young Colombian 16 who allegedly performed loan collections of its kind sold by a brother, in the locality of Florencio Varela.
Research Sources pointed out that the main hypothesis points to a confrontation between two organizations dedicated to these businesses, which is indicative of the multiplicity of related crimes that can surround this type of activity, from the origin of the funds until the methodologies collection .
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