See the best debt consolidation companies
If you have several debts in progress and you are facing a debt ratio that is too high, you can opt for debt consolidation via debt consolidation loan companies available today. No matter the nature of your credits (real estate, for a personal need or consumption type), you can always resort to pooling credits.
Contrary to what we sometimes tend to think, it is not because we own a car or a house that we are spared from such financial difficulties. Anyone can, one day, meet a fall of their incomes and face difficulties of refunding. Since lending institutions and other banks usually do not tolerate late payments, the collection and redemption of these by a single financial institution may be the answer.
How the credit pool works
Several opportunities have been offered to you to borrow from different financial institutions in Belgium. These include the project of buying or renovating real estate, obtaining a car or various equipment, back to school or university, and even holidays. Bringing together these different loans is the best solution to lighten your expenses.
Indeed, the grouping of credits, also called the redemption of credits, is a method of repayment of loans in progress. It consists in changing all or part of these loans in a completely different way.
This system effectively makes it possible to collect your installment loans and your credit openings in a single loan. This is a solution to lighten your burdens and avoid both the over-indebtedness and the accumulation of interest of various isolated loans.
The benefits of the process
Realizing a pool of credits in Belgium is really simple. The process offers a single credit, a single interlocutor for a single and fixed monthly payment, known in advance. This allows you to adjust the amount of your monthly repayments to your income. In fact, the monthly payment will be calculated based on your repayment capacity. The single contact will now pay your loans to the old lenders. To facilitate the management of refunds.
Simulation of credit pooling
It is important to have a comparative view of the offers of different financial institutions. In order to take advantage of a favorable offer from a credit institution in Belgium, given the diversity of offers, it is necessary to compare several proposals online.
Each financial institution has a rate and a global interest. To make the comparison, it is necessary to simulate your grouping of credits in Belgium. The comparison requires certain key information, such as the annual percentage rate of charge (APR) or the duration of the loans, in order to discover the best solution adapted to your personal situation.
If you decide to redeem your debts, the redemption simulation is necessary to clarify the transaction and all the necessary details. It makes it easier for you in your calculations, obtaining information on the consolidation of your loans, the new debt ratio, the remains of your debts, the new repayment period, etc.
A few clicks are enough to calculate the debt ratio, to find the grouping of debt that seems best suited to your situation, to find a balanced budget and have a clear idea to estimate your potential savings. In addition, everything is free and without commitment, but also reliable and effective. So you know all the information in advance before you commit. Each financial institution has a guide or adviser to supervise you in the preparation of the files. We can help you!