In each of our lives, there may be a situation where our earnings will not be sufficient to cover all obligations previously incurred. There are various reasons for this. Getting credit, as it turns out, is not a problem. Especially those which amount to several hundred zlotys. Sometimes we think that the amount of PLN 5,000 is not a big deal.
One, second, third loan and it turns out that we were not fully aware that it will be such a heavy burden on our budget. The combination of several, even low installments, gives an amount that is no longer so invisible. What’s more, it can be problematic. Credit consolidation can be a salvation for such people.
We help with debt consolidation loan
When we think about a consolidation loan it means that we already have a problem. The bank examines our creditworthiness and history in BIK before granting us any credit. Therefore, it is not worth acting alone in this situation. Already three credit applications rejected by the bank may mean that we will not receive credit at any bank. You should not send further blind loan applications.
A professional company dealing with help for indebted people can help us in this situation. Years of practice, experience, knowledge of finance and banking, and the fact that they negotiate credit terms with a bank decision maker, give us a better chance of obtaining a consolidation loan. We can’t do it without help. When we are not credible to the bank, only a debt consolidation from Dedebt can save our situation.
A consolidation loan is simply one type of loan. What distinguishes it from others is the fact that it is intended to pay off earlier obligations. Therefore, the assumption of a consolidation loan is to combine all previous liabilities into one loan. Colloquially, we take a consolidation loan.
With the money obtained in this way, we repay all previous loans and advances. In this way, in places of current liabilities, new ones appear in the form of a consolidation loan. We no longer have several different loans for simultaneous repayment, and one installment of the consolidation loan.
What is loan consolidation?
As we said, consolidation is a combination. It gives us the opportunity to reduce the monthly loan installment by extending the repayment period and harmonizing the terms of the loan. Our previous commitments will not be lost, but will only be fully repaid with cash obtained in the form of a consolidation loan.
In this way, we will have one installment to pay, a new consolidation loan. The installment amount will be adapted to our current financial capabilities, and hence, we will be able to repay the loan on time.