Due to the crisis which is some new lending modalities in Spain and also the difficulties of access to conventional credit they are increasing rapidly, this is the case of the loans without collateral, they have unique characteristics, where especially attract customers, but however, they end up paying very expensive consequences, since they have very high interest. Many people are turning to this kind of loan is because not accessible to those offered by the traditional market, where are asked paycheck, mortgage assets or guarantee almost impossible to present, but these loans can help us troubleshoot an unforeseen event, but future tend to be a real headache, since their interests are my high, very short repayment terms. This kind of quick loans maintains almost apart from the regulation of credit, since in many cases the types of interest applied as well as other conditions are extremely high or very demanding, many of these loans are promoted on web sites, and other non-traditional media. We will then offer an example of how serious a quick loan, for example, if you apply for a loan of 300 euros, the repayment term is a maximum 30 days, and the serious TAE of slightly more than 100% annual, in case that the loan is 1000 euros, the repayment period is 60 days. The only warranty that is requested is the word. Another example is Wonga, an institution that is leader in the market with regards to fast loans, it is of British origin, and often advertise their services on the internet, this institution offers quick loan, but your TAE reaches 2856 per cent per annum. Despite the fact that this kind of loans offers many advantages as for example not requested us guarantees and further processing is very fast, is recommended before resorting to this kind of loans requesting money by other means, possibly a friend, or try to go to up to a banking institution, which offers us all the guarantees as well interest reasonable to our requested loans. Source: prestamosrapidos.