If a certain amount of additional money is needed, the solution is clear – often credit is drawn and problems are temporarily resolved. But what if the credit has already been taken but the money is still needed? In that case, it is good to be able to get an additional amount on your existing loan.
It is first useful to consider why this has happened. If this is not a unique case, but a regular practice, you should seriously look at your financial situation and try to see where the problem lies. If the shortage of money is repeated, even with the help of credit, you should try to change something in your cash flow, possibly reducing expenses where it is needed or otherwise.
How can I borrow an additional amount?
In fact, such a service is offered by an overdraft or credit line – a service provided by both banks and non-bank creditors. This option ensures that you have an amount up to a certain limit that you can spend. You are only charged for the amount actually spent, that is, only the money you have spent – and the commission is only charged for that.
Such a service can be helpful if you have discovered that you are often in a situation of lack of resources. This way, you will not take up too much to spend, but in some ways you will be secured and you will always have the necessary financial resources.
What creditors offer to borrow an additional amount over the existing one?
It is true that some lenders in Latvia still offer the opportunity to borrow again when the previous loan has not been repaid. Companies like SMS Lenders, Aldo Finance and Vivos do this.
At SMS Lenders it is possible to withdraw an additional amount if you have an active credit and your available credit limit is either higher or equal to 5 euros. In this case, you have the opportunity to receive the necessary financial resources, you can do this function in your user profile on the website SMS Lenders or by calling customer service. It is important to note that your loan repayment term will remain the same as it was before you borrowed the extra amount, so consider carefully whether you will be able to repay this supplement without damaging your credit history. You will be issued a new credit repayment invoice, which will include both existing and new additional amounts.