Anti-Usury Fund: Who Qualifies and What You Get
Learn how families and businesses can access bank loan guarantees to protect themselves from predatory lending and high-interest debt.
The Anti-Usury Fund is a support system designed to help people and businesses avoid predatory lending and manage overwhelming debt.
Who it's for
This scheme is intended for families and businesses that are at risk of falling victim to loan sharking or are struggling with debt from unofficial lenders.
What you get
If you qualify, the fund provides guarantees for bank loans. These loans are intended to help you pay off existing debts and restructure what you owe through official financial institutions.
What it costs you
While the fund itself provides support, you cannot apply for it directly on your own. You are required to go through recognized foundations that act as mediators to facilitate the process.
The catch to know
The biggest risk is waiting too long. To make this support effective, you need to seek help before your financial situation becomes unmanageable.
How to apply
- Identify your financial distress and the specific risks you are facing.
- Contact a recognized foundation that specializes in mediation for these types of loans.
- Work with the foundation to gather the necessary documentation to prove your need.
- Follow the foundation's guidance to complete the application process for bank guarantees.