Consolidation or consolidation of loans into a single installment is often sought out by clients who are over-indebted and easier to use. With the right type of consolidation, interest rates or repayments are reduced and you save a lot.
Most advantageous consolidation
The most advantageous consolidation helps you save time and money. You will merge your credit cards, loans and possibly your leasing into a single installment. The loan will pay your debts and you will only pay back the existing debt arising from the consolidation. It is often also possible to borrow money beyond its limits, which you can use according to your needs.
Even the most advantageous consolidation is not allowed for clients who have unpaid installments. In addition, for bank consolidation, you need to go to another bank because it often does not suit you where you have debt. Non-bank consolidation is without a registry, proof of income, fees in advance and generally without complicated administration, unless you have opted for a loan with collateral. It is important to choose a proven company that does not charge in advance.
Find the most advantageous consolidation
You can find the most advantageous consolidation using the online calculator. It is non-binding and mainly free. You just tap the necessary information and within seconds you know which product will pay off. In some consolidation situations you have to forget if you go to the bank. The bank does not lend you with a registry entry, low income or overdue debts. You don’t have to deal with a non-bank company, but only a few companies offer it. There is always limited debt. Usually this amount is 200 – 300 thousand crowns.
Even the sales representative will help you choose the best consolidation, but it is better to compare several products before you decide for one. Conversely, merging loans into a single installment is very useful if you want to get rid of several installments at once and do not pay prepayment fees. However, it is not suitable for micro loans or mortgages. Refinancing is intended for mortgages.
How to get the most advantageous consolidation? Choose the best product with a special calculator and visit a selected bank branch. If you opt for a non-banking sector, you can request consolidation online. Then send all documents by post or email. For consolidation, you can best calculate in advance whether the new loan will be more expensive, how high repayments will be, and interest. Do not consider consolidation if interest rates are too high or you have several overdue debts. You also do not pay when you have low incomes. The bank is most likely to remove your request from the table. In cases where you are too over-indebted, you may prefer to choose insolvency. In case of mortgage refinancing. If you have something to guarantee, you can try out a property loan or an American mortgage.