As in many areas on the internet, credit comparators have become commonplace. But as for travel, sometimes you have to be wary. We have collected good practices to help identify good comparators and find credit at the best rate.
A comparator based on the rate
In terms of consumer credit, the law is well made. It obliges all the actors to communicate on a legal rate . This rate includes all fees. To find the best credit for each project, it is enough to compare this rate. This is what you will find in objective credit comparators. By cons, if you do not find this rate, beware, it is that the ranking is based solely on the interest of the comparator and not that of the customer.
Save with a comparator
Beyond wanting to find the best credit rate to finance a project, we can question the interest of obtaining the cheapest credit. To give a good example, we chose to make a comparative statement (data taken on 06/18/2015) for the most requested credit in France: a credit of 15,000 USD over 60 months to finance a car:
Lowest APR rate: 4.09% monthly payment: 276.35 USD cost of credit: 1581.00 USD
Most expensive APR rate: 7.89% monthly payment: 301.41 USD cost of credit: 3084.60 USD
When we made this statement, the most expensive credit was offered by one of the largest credit agencies, if not the best known!
Imagine paying over 1500 USD more for exactly the same service ?? That’s what a comparator can do.
On the other hand, some comparators can even simplify the process for those who are looking for an organization ready to accept them. Indeed, some allow to fill the file directly on their site and they will then be responsible for questioning the organizations. The steps are simplified.
Last point that can ensure that we have to do to an honest comparator: It is the centralized file of intermediaries in banking, insurance and credit operations. Finally, if he collects customer data, he must also have made a declaration.
Conclusion on credit comparators
Make sure you choose the right one thanks to our advice and you will only be able to win!