Payday loan consolidation: Group your credits? Here’s how to do it and at best!

You have accumulated a series of credits, conso credits essentially, month ends are difficult and your bank accounts fall into the red? It’s time to clean up your personal loans: consolidate your loans will be a solution to reduce your debt ratio.

Credit consolidation is an operation that mixes consumer credit of different types: auto, furniture, cash reserve, overdraft, late invoices and other debts; all in one loan application.

Credit redemption: is it a good idea?

Credit redemption: is it a good idea?

Consolidate your credit conso allows to have a single loan, a single monthly payment of course adapted to your budget. A redemption simulation makes it possible to know immediately the future monthly load and to calculate your realized gain. As a result of a divorce, a decline in income, or the transition to retirement or to help a child in difficulty, many situations in which the purchase of consumer credit can consolidate its credits, reduce the debt ratio to break a financial deadlock. A judicious alternative when excessive indebtedness prevents you from living serenely.

Is it possible to redeem credit online?

Is it possible to redeem credit online?

Of course, as for an online credit, you go for your buy back, listing your consumer loans, your income, your rent or mortgage charges.
You will get a simulation of loan redemption.
The repayment of the credits will be done by the bank which will propose you the repurchase of your credits.
For better understanding, it is still better to contact newpret.com, a credit union broker who will study immediately and free on the phone the various possibilities through simulations of credit redemption made live.
Each request is in fact a credit simulation carried out in complete confidentiality.

Grouping your credits to get better rates?

Grouping your credits to get better rates?

Indeed, by grouping its consumer loans of all kinds, we very often obtain a significant reduction in the interest rate of the debtor. Especially when you have a lot of cash reserves for which the APRs often approach 20%. You reduce interest considerably when you group only cash reserves. But the repurchase of credit also lengthens the duration of the loan while allowing to reduce the monthly payments.

Your overall debt, thus consolidated into a single loan, is smoothed over time and cleans up your financial situation. This allows you to adapt to a new financial situation.

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