Urgently needed money – Choose mini credit

The considerable financial pressure that many people experience can ensure that people do not have enough money at all times. This can have major consequences.

Especially at the end of the month, many people have a hard time making ends meet. That is annoying, because what if, for example, a few invoices still have to be paid?

In that case you may need money urgently while paying your wages may take a while. Fortunately, you don’t have to despair immediately in this situation.

For really urgent cases there is, after all, the possibility of taking out a so-called mini credit. We have listed the advantages and disadvantages of this increasingly popular form of credit for you.

Why choose a mini credit?

Why choose a mini credit?

In most cases, when you urgently need money, it is not a really large amount. This ensures that traditional forms of credit such as a personal loan or a revolving credit are not actually an option.

In addition, it must be post in mind that a check must always be carried out at the credit bureau before receiving such a loan.

This does not apply if you choose to take out a mini credit. The fact that there is no check at the credit bureau means in principle that it is possible for everyone to apply for a mini credit.

A mini credit can in principle be applied for up to an amount of around 750 dollars. There are also variants where you can borrow more, but different conditions may apply.

Anyway, in most cases, this 750 dollars is enough for many people. They therefore do not need larger amounts and are thus perfectly helped out at the end of the month.

You must keep in mind that borrowed amounts with a mini credit must be repaid within a period of 30 to 40 days.

Make sure you can do this in time, otherwise a fine will be charged.

A final benefit associated with a mini loan can be found in the fact that such a loan can be granted very quickly.

In concrete terms, this means that it is possible to have the required money in your account within a period of just 24 hours.

The very short application time is of course largely due to the fact that the amount you borrow is fairly limited, but in addition there is no need to check with the credit bureau. For people who really need urgent money, a mini credit can therefore be absolutely interesting.

Do not be blind to the disadvantages associated with it

Do not be blind to the disadvantages associated with it

No matter how interesting a mini credit may be for your situation at first sight, it must be said that there are also certain disadvantages.

When you urgently need money, it seems to be very easy to use a mini credit for that, but there are also some conditions that you absolutely must consider.

These conditions report to both the practical and the financial side of this type of loan.

We have listed the various disadvantages of a mini credit for you by means of the following list:

  • A mini credit must be repaid relatively quickly. This must usually be done within 30 to a maximum of 40 days after concluding the agreement.
  • A mini credit is expensive. No interest is charged, but an entry fee or administrative fee is charged. This can range from 10 to 20 percent or more. So paying attention to this is very important.
  • Always pay back a mini credit in time! Even if you are only one day late, you will always be fined. This fine can be much higher than you would think at first glance, so that it can influence the stability of your financial situation.



For people who really need urgent money and who are also sure that they can repay the borrowed amount including the costs in the short term, it is worth looking in the direction of a mini credit.

A loan like this can therefore be the perfect solution for a difficult financial period. However, it is important to take into account that it does not offer a permanent solution.

A mini credit is, thanks to the high costs involved, absolutely no form of credit that you have to take out on a regular basis.

Do you need a larger amount or do you just want more breathing space? Moreover, do you not fear credit bureau testing? So, for example, a revolving credit may be more interesting.