DON’T MAX OUT YOUR MICRO-CREDIT “MISIS" THRIFTER!

 For those who’d like everything in small packages, here are some “little bundle” tips that can help you avoid the word “budol”
 

Not everyone can afford to buy in bulk. Spend all luxe. And loan in max-out fashion.

For the ordinary "misis", “sky is limited.”

These days, even micro-financing companies acknowledge this “tingi” (in Filipino speak this refers to buying things in small packages) philosophy, when shoppers and loaners get only a “minimum”,  and balk at making purchases in big spend fashion.

They are the “wais loaners”. If you’re one of them, you probably know by this time that:

Most digital wallets available these days, which have spawned the digital transformation in the new normal, have been offering micro-loans to their customers.

Name your microloan and they have it—from 2,000-5,000 without documents needed. However, there are sparkling differences to micro loan services that you have to know before jumping in:

MICRO LOANS NOT JUST FROM DIGITAL WALLETS OR MOBILE SERVICE COMPANIES ARE FOR SHORT-TERM LOANS ONLY. THAT MEANS YOU CANNOT FOREGO THE SCHEDULE OF PAYMENT, UNLIKE THAT OF CREDIT CARDS, WHERE THERE USED TO BE FLEXIBILITY IN PAYMENT TERMS AND SCHEDULES.

MICROLOANS HAVE THAT CHARACTERISTIC OF IMMEDIACY. If your need for a microloan is A.S.A.P, (as soon as possible), you also have to know that in terms of debt collection, microloans do not follow the schedule to the dot. Sometimes, microloan providers follow up on payments way in advance of the deadline and ask you VIA  MOBILE APP AND TEXT PROMPTS to fill up your e-wallets when your load is down.

MICRO-LOANS, JUST LIKE THE NAME SUGGESTS, ARE NOT FOR THE BIG SPENDER BUT FOR THE THRIFTERS. If you have a need for big-time loans, a microloan from your favorite digital services and micro-financing company may not do the right product for you.

 

SO MISIS THRIFTER, PUT A BREAK INTO YOUR PEDAL AND HAVE A HOLD OF YOUR DIGITAL WALLETS, even if the age of digital transformation has come.

 

NEWSREVIEWPH 2023

posted by the writer on April 28, 2023, 5:42pm

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