Contracts of loan of cash
The contract of loan of money is a legalized document that represents the obligations contracted by the request of a loan.
These obligations are endorsed by different clauses in which there are specified the commitments assumed by the financial company and the client who requested the above mentioned loan. To manage to come to the signature and formalization of a contract of loan of money, the financial institution will carry out a study by means of the credit bureau of the client in question to determine if the same one deserves the granting of a loan of money, factor that will turn out to be influenced straight for the behavior that reflects the credit and financial record of the above mentioned client. In general when a financial company makes a contract of loan of money he usually considers all the parameters that they should affect to the above mentioned financial tool, that is to say that, in this contract there will be stated the plans of payments, the period and the money-market rates with that the requested loan one works.
When we speak about money loan we are referring to those loans in which the total requested by the client is delivered in cash, what leads us to deducing that it is a question of the personal loans and of consumption. In these so particular cases we must stand out the fact that the contract of loans of money that is used, generally is the same in all the cases.  This is due to the fact that the personal loans appraise all of the same way and the period that are used are the same for all the cases, without importing the amount that is requested.
All the duties that express themselves in the contract of loan of money will have to be fulfilled properly on both parts that compose it since in the opposite case, the part that turns out to be affected by the nonperformance of the above mentioned clauses will take the corresponding measures. As well as the contract of loan of money details obligations and clauses for expiring, the same one requests some requisites that will have to be presented by the client of the financial company area that one could achieve the formalization of the contract. One of the principal requisites is the guarantee or guarantee of the loan. In the particular case of the personal loans we must emphasize that there will only be accepted like guarantee a receipt of salary which total is superior to the minimum wage stipulated by the government corresponding to every country in, at least, 30 %. This is due to the fact that the financial institution must have a fixed support as for the fulfillment of the payments corresponding to the client. The private loans, although there are usually one bad financing option due to the levels of usury with which one works, also it must formalize a contract of loan of money. This is due to the fact that all the private financial deals are very vulnerable to the swindles and the financial frauds, for it the fact is that the correct thing is to make a contract of loan of money that logically, he has to be properly legalized. There exist those cases in which, the private lenders realize these financial deals without any type of support to bequeath that it endorses to amabas parts of the dealing; it is here where we will have to manage with great caution since this type of situations is that that end in swindle and fraud.
Consequences for breach of contract
 The consequences that are suffered by the breach of contract of loan of money are usually very serious for the prestario, since he is who will have more obligations in the above mentioned contract. One of the most habitual problems that appear in these cases is the non-payment of the quota and the cancellation of the carried away debt. Although all the defaulters are provided with the debt refinancing, it is important that we stand out that frequently, and especially when the financial profile of the above mentioned client is basically that of a defaulter, the refinancing him can be denied.
And this is a factor with which many debtors are not provided. For it it is important that it is fulfilled by the contract of loan of money exactly, to be able to avoid any bothersome situation to which we do not exhibit. Finally, and alluding to the debt refinancing, those clients whose financial profile is positive, they have the benefit of being provided with a clause in the contract of loan of money that specifies the employment of the debt refinancing in case in a future it is not possible to take charge of the corresponding quotas, and this turns out to be very suitable since the refinancing in this case acts like a luck of insurance policy of the contract of loan of money. |
