Payday loans gets deductible
(PRWEB) March 3, 2010
The long time criticized Swedish payday loan terms are from now on governed and housetrained, and therefore we are now able to follow a good credit products growth and maturity.
The previously so criticized payday loans are from now on looking a bright future ahead thanks to a tax-deductible interest and clear directions given by the state audit agency.
The Swedish payday loan companies have continuously been criticized for the overdraft fees and for the lack of information on the current interest rates.
This is something that Folkia and Kredit 365 have responded to, and therefore introduces a change in prices and terms so that you, as a customer, continuously can feel safe and secure. This will have a positive change on the most popular loans, instant loans at four thousand SEK and SMS loans at five thousand SEK, which will become cheaper. In addition to the new conditions regarding loan rate which will be deductible in the declaration, the more popular loans will generate a lower borrowing cost.
Unfortunately, it also means that other deals are a bit more expensive. This increase in costs is related to the rules and requirements developed by the financial market and government bodies.
The reason for the increase in prices is due to the annual percentage of rate. The current rule says that the price difference between large and small loans primarily should be reflected by a difference in interest rates.
As a result of the new terms, borrowers will now be able to see the deductible interest expenses separately.
Please visit smslangivare.se for more information.