Albanians, protect yourself while you still don't have a state to protect you!
Many people, for urgent financial needs, turn to microcredit associations. They do not require any kind of guarantee, nor collateral, they have no bureaucracy, they give the loan only with an ID, even over the phone, without being present at all....
But this is not heaven. This is where the deception begins. Seduced by these quick procedures, people rush to finish work, without knowing that they have opened trouble. In addition to facing higher than promised interests, many people, in the conditions of inability to pay on time, face terrible interest arrears. Exploiting misery and need, these agencies put poor people into a financial enslaving trap from which they cannot escape.
"These loans carry hidden commissions and fees, as well as high interest rates, which can reach up to 800 percent. Many borrowers realize that they can't pay off the loan as quickly as they thought, putting some of them in a crushing cycle of increasing debt that they will never be able to pay off - writes NewsBomb in a denunciation of its to two companies, "Iute Credit" and "Kredo.al"
A citizen wrote to me to make this concern public.
"My loan went from 900 thousand old lek to 4 million. A former colleague of mine from 2 million to 9 million. Then they sell the loan to debt collection companies, and they don't even ask about lawsuits. Block the salary account, leave them without bread..."
Of course, the loan taken has to be paid and the arrears are also paid.
But these people were not at all informed about the sanctions, they were lured to get loans precisely by the fast procedures. And it seems that even these agencies use precisely the urgent needs and the low level of information of this layer.
I did some research on these agencies and I see that the media has reported dozens and dozens of cases.
Because of these facilities, the employee of one of these agencies, "IuteCredit", in Fier, signed loans on behalf of people who had no idea that they had received loans. In Tirana, a nurse took the ID cards of the patients and took out loans in these workshops, on their behalf.
One of these agencies, "IuteCredit", of Estonian origin, was expelled by the Kosovo government in 2019, for defrauding citizens and violating national security, and had blackmailed that it would lobby for Estonia to withdraw the recognition of the state of Kosovo! !!!.
And from Kosovo he had made a place in Albania.
While looking at this bunch of denunciations, the question that is being asked is: Why is our government silent, why is our Central Bank silent to these scandalous abuses of citizens. The media has even raised doubts about a money laundering operation by Russian oligarchs through this network.
Even in the years 1994-1996, the Albanians themselves put in the money with usury, but the government had responsibility, and what happened was caused by the non-exercise of that responsibility.
Albanians, do not be seduced by fraudsters. No one has gone out for charity. We saw the charity of Xhaferri, Sude, Gjallica and Vefa. Protect yourself, while you still don't have a state to protect you.
I am bringing only these few links from the denunciations made public.
https://www.youtube.com/watch?v=fkMGLwZkW2Y
https://www.youtube.com/watch?v=6qJSXlbb9UI
https://www.youtube.com/watch?v=LiURQGGDrNg
https://newsbomb.al/skandali-me-mikrokredite-ne-shqiperi.../
https://dosja.al/iutecredit-ne-shqiperi-permbaruesit.../
https://telegrafi.com/estonia-kerkon-shpjegime-nga.../
https://telegraf.al/.../ke-shuplake-shqiperise-refuzon.../