Easy credits, endless debts




The quick credits They are loans of small amounts that are usually granted immediately and with hardly any requirements through the Internet or by phone. In “Easy credits, endless debts”, Weekly report analyzes this loan system that mainly traps people in complicated situations and who on many occasions it is in the hands of companies that are not under the supervision of the Bank of Spain.

For months his advertising, often with famous faces, has expanded, while Increase in complaints of people who declare themselves victims of abusive and even usurious interests. “The loan was granted to me at the end of November 2019, there were 10 installments, and until this month I have still continued paying,” tells us a user who after paying almost double the installments that they had been told and receiving several threatening messages he has resorted to justice.

Consumer associations complain that information on the terms of these loans is deficient. “The first thing to say about this type of loan is that they are very expensive,” he says. Enrique García, spokesperson for the OCU, which also warns that “they are dangerous because they can promote an over-indebtedness mechanism.” Those who come to them are people in distress, sometimes with pressing needs and also many sufferers of gambling.

The problem is that there is no regulation for fast loans, the rule to apply depends on the amount borrowed. In Spain there is also no maximum ceiling for the interest rate of the loans and the courts often apply the law of repression of usury, which is more than a century old.

“We, the mayors”

The “Pact of Free Cities “, the initiative against populism founded by the mayors of Warsaw, Budapest, Prague and Bratislava, celebrates two years. They are from different parties, from the Popular to the Pirate, but they are united by the defense of the values ​​of the European Union, which takes on special importance in times when ultra-nationalism has become the flag of the governments of their countries.

In “We, the mayors”, Weekly report He has spoken to three of them. “It is very important that the populists do not win in the cities,” he tells us. Rafal Trzaskovsky, First Mayor of Warsaw that he considers that both the government of his country and those of Hungary or the Czech Republic are anti-European, that the alliances they weave only aim to “block things in the European Union.” AND of the College of Prague, Zdenek Hrib, recalls that just a few weeks ago the prime minister of his country and that of Hungary “declared that it was necessary to undertake a relentless fight” against the LGTBI community, immigration and the environmental policies of the EU.

From the position of mayors of the capitals of their respective countries, they raise their voices about the risks that threaten the European Union. “A community that is incapable of enforcing its own rules is condemned to disintegrate sooner or later,” he says. Gergely Christmas, Alcalde de Budapest, although he does not give in to pessimism and recalls that “revolutions always started in the cities.”

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