I received on my desk, the face of an employee of a private company.
This person chose to commit € 150 per month for the next 48 months in exchange a sum of cash.
The problem is that the person was enticed by TAN 3.95% and has not read the APR which is a scary 17.52%. Unfortunately, this person has not asked for advice, but is assigned to one of the many mediators and employees of financial agencies that have grown dramatically in recent years.
Unfortunately these structures, which also respond to a market need to survive are pushing people into debt to "lure" with low rate and relying on the ignorance of people.
Maybe the law should require the APR to show a visible on top of the contract with a larger font, rather than hidden in the folds of the contract.
The problem of loans taken out in this way is that if a person, like so many today in Italy, is at the limit, once it comes into this world with these interest rates is bound to see a worsening of its position by entering into this vortex of debt that many people are starting to strangle.
Debt is a good thing, when investment is directed, is quite negative when it is intended to sustain life because it means that ordinary income is not enough and there the problem is serious because it enter into a vortex for many families to ruin.
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