Profitable cashback turned into a loan for Tulak at 292% per annum

A resident of Tula Alexei Sazonov expected to get a card with a profitable cashback, but eventually faced a loan at 292% per annum. The fact that the money was provided by a microfinance organization, the man learned only after the end of the grace period, writes the First Tula.

About the map "Orange" Alexei learned in a nearby store. The ad promised increased cashback, free card release and account maintenance. Additional features were offered to use through a mobile application.

The man withdrew money from the account and spent it. After 21 days, when the grace period ended, he received a call from creditors. Then it turned out that the funds were provided not by Alfa-Bank itself, as the borrower assumed, but by the microcredit organization A Money, working under his brand. The interest rate on the loan was 292% per annum.

As follows from the description of the situation, when designing the product, the man did not check the terms of the contract before signing. At the same time, agreement with the documents implies the acceptance of obligations stipulated by them, including the return of debt and accrued interest. If the debt is not repaid, the creditor may seek its recovery in court.

At the same time, the borrower may consider the possibility of challenging the conditions and size of the debt load in the manner prescribed by law. For this, it is necessary to independently state the relevant requirements.

This story reminds us of the importance of scrutinizing documents before designing financial products. Especially carefully check who exactly provides the money, what interest rate is set and under what conditions it is necessary to repay the loan.

Now Tulyak is thinking how to quickly pay off the debt to reduce the cost of interest.

Earlier, "MK in Tula" wrote that the seller of tickets from the messenger disappeared along with 32 thousand rubles tulyak. The victim later came to the police.