How to protect your rights when receiving a loan?

Good day.

If you are going to get a loan, it is important to know your rights and how to protect them.

Here are some tips:

• Research your lender choices. Before signing any documents, do your research on the lender and make sure they have a good reputation. Pay attention to customer reviews and lender ratings online.

• Read the terms of the loan. Before signing any documents, read the terms of the loan and clarify any unclear points. Feel free to ask questions and clarify if something is not clear.

• Pay attention to the percentages. Make sure that the interest on the loan is not too high. High interest rates can make the loan insolvent and difficult to repay.

• Save the documents. Keep all documents related to the loan, such as the loan agreement, invoices and receipts.

• Pay the loan on time. Pay your loan on time to avoid penalties and overcharges. If you're having trouble paying, contact your lender to negotiate new payment terms.