The advantages of buying private credit with Lica!

repurchase of private credit

Navigating the financial world can be confusing, especially when you have to manage multiple loans at the same time. Personal loans, consumer loans and other debts can quickly accumulate, making it difficult to manage them. Fortunately, there is a solution: the repurchase of private credit.

The repurchase of private credit consolidates all your debts into a single loan. It's a convenient way to manage your finances. Moreover, simplified management is only one of its many advantages!

In this article, we will explore these benefits in detail. Moreover, we will also see why Lica is your ideal partner for a repurchase of private credit. After all, we have a decade of experience in Swiss private credit.

Contents

  1. What is the repurchase of private credit?
  2. Interest rate reduction
  3. A private credit buy-back can improve your scoring
  4. Lower monthly payments
  5. Get cash with a private credit buyout
  6. Why choose Lica for your private credit redemption?

What is the repurchase of private credit?

repurchase of private credit

Before examining the advantages of buying private credit, let's define this term. Also known as 'credit consolidation', it combines several debts into one. So several bonds become one. By understanding this concept, you can better grasp its benefits.

The main objective of the repurchase of private credit is to simplify the management of multiple loans. Yet there is more to be gained from it. It also offers substantial benefits. Indeed, it is an effective strategy for improve your financial situation. This is especially useful if paying off various debts becomes difficult.

Interest rate reduction

One of the most attractive advantages of buying private credit is the possibility of reducing the interest rate total of your debts. When you have several credits, each of them has its own interest rate, which can vary considerably. Some may have relatively low interest rates, while others may have exorbitant rates. It is therefore crucial to always compare private credit offers before committing!

By consolidating all your loans into one, you can benefit from a lower average interest rate. This means that over the total duration of the loan, the total cost of your debt could be significantly reduced.

Let's take an example to illustrate this point. Suppose you have three loans with interest rates of 8%, 10% and 11%. By consolidating them into a single loan at a lower average interest rate, say 8%, you will save on the total cost of your debt. This can save you thousands of francs over the entire term of the loan.

To make this explanation more telling, here is an example in the form of a table.

List of debtsOpen amountsMonthly payments
Bank “A” with a rate at 8%
For a period of 60 months
CHF 14'500.00CHF 294.00
Bank "B" with a rate of 10%
With a duration of 84 months
CHF 30'000.00CHF 498.05
Bank "C" with a rate at 11%
Over a period of 48 months
CHF 50'750.00CHF 1'311.70
TotalsCHF 94'750.00CHF 2'103.70

With a private loan purchase, you can save up to CHF 631.00 each month on your monthly payments!

Once the total of your monthly payments is known, all you have to do is compare it with the new monthly payment for your future financing. In this example, for a private loan of CHF 94,750.00, the new monthly payment could be CHF 1,472.10. You could therefore save up to CHF 631.60 each month!

A private credit buy-back can improve your scoring

Another key benefit of buying private credit is the ability to improve your scoring, or credit rating. Your credit scoring is a measure of your financial credibility, and it is often used by lenders to assess your ability to repay a loan.

By having several loans in progress, you appear as a risky borrower in the eyes of lenders. This can make it difficult to get new credit in the future. However, by consolidating your debts into one loan, you appear less risky, which can improve your credit score.

A key point needs to be emphasized. Improving your credit score has lasting implications for your financial health. Indeed, a higher credit rating opens the door to best interest rates on future loans. As a result, this could translate into significant savings over the long term.

Lower monthly payments

repurchase of private credit

The reduction in monthly payments is another significant advantage of the repurchase of private credit. Indeed, when you have several credits, you must make several payments each month. Each of these payments can be high, which can weigh heavily on your monthly budget.

By grouping your credits, you can spread the repayment over a longer period, which can lead to a significant reduction in the amount to be repaid each month. This can ease the monthly financial burden and allow you to use the money saved for other expenses.

However, there is one aspect to consider. Spreading your payments over a longer term results in more interest being paid on the entire loan. It is therefore crucial to think carefully about this approach. Before proceeding with a private credit buy-back, discuss it with a trusted financial advisor.

Obtain cash with a consolidation of your loans

Finally, the repurchase of private credit can allow you to get more liquidity. Indeed, during the credit redemption operation, it is possible to request an additional amount. This additional amount can be used to finance a personal project, such as renovating your home or traveling.

This is an important advantage because it offers some financial flexibility. Rather than taking out a new loan to finance a project, you can simply use the money you have obtained thanks to your loan buy-back. This can allow you to carry out your projects while maintaining a stable financial situation.

Arthur MoreiraArthur Moreira
13:51 21 Feb 24
Marta FerreiraMarta Ferreira
14:47 20 Feb 24
Jedidia AndrianarivonyJedidia Andrianarivony
13:49 20 Feb 24
It's impeccable
Anderson ZomerAnderson Zomer
12:08 15 Feb 24
Really satisfied with Oman! Very professional, clear and fast! THANKS
Houda KacemHouda Kacem
13:33 09 Feb 24
Andreas HerzigAndreas Herzig
19:58 05 Feb 24
Leonora NrecajLeonora Nrecaj
16:52 03 Feb 24
I can highly recommend the advice of Mirlinda Ahmeti at Lica. She is reliable, acts quickly and finds solutions. I am very satisfied with her. ??
Exceptional professionalism from Ms. Mara Garcia and her entire team. I recommend.
Eliane RibeiroEliane Ribeiro
11:33 30 Jan 24
I would like to share my positive opinion on the services of Lica Crédit. Their professional team was efficient in processing my credit application, with competitive interest rates and flexible repayment terms. I highly recommend your services.
Giuseppe Di CarmineGiuseppe Di Carmine
13:39 26 Jan 24
Manuel is a kind and very competent person. Someone who knows how to do his job and who doesn't give up. I really recommend him.
Matteo D'ArpinoMatteo D'Arpino
19:57 18 Jan 24
Rosario D'alessandroRosario D'alessandro
10:38 18 Jan 24
Manuel is a good guy
officialvitordiasofficialvitordias
14:23 11 Jan 24
Always try until we find a solution for the customer
Marta CabralMarta Cabral
15:57 09 Jan 24
Filipa DiasFilipa Dias
14:05 05 Jan 24
Dovile TDovile T
13:22 03 Jan 24
Thank you Manuel for the professional assistance, fast and efficient feedback!
Lurdes CunhaLurdes Cunha
13:26 07 Dec 23
I would like to thank Mr. Omar Gourgel, because he was very professional, excellent advisor and efficient in his work. My husband (Mr. Artur Da Silva Cunha) and I are extremely satisfied and recommend your services.
Zeinab RkainZeinab Rkain
13:34 29 Nov 23
Nilsa TeixeiraNilsa Teixeira
17:02 16 Nov 23
The consultant Mara Garcia, in addition to being friendly, is a good professional. She is very good at what she does...
Pedro RamiaoPedro Ramiao
16:45 16 Nov 23
Ana BelloAna Bello
11:16 16 Nov 23
Mr. Omar was very professional and very attentive to my need to obtain the ceedito
Alberto FloresAlberto Flores
15:48 07 Nov 23
Hello gentlemen from LicaOf course I am satisfied with your attention, especially that of Mr. Omar Grougel, everything was a pleasant conversation with the advice to carry out this project, thank you very much for everything…Thank you Mr. Omar G
Fadil KamishiFadil Kamishi
20:44 03 Nov 23
Greetings Mr Manuel you are n1 congratulations I am very happy with the work you do for us thank you very much.
Václav PalarčíkVáclav Palarčík
18:59 03 Nov 23
Thank you very much Mrs. Mirlinda Ahmeti, she helped me a lot and always answered my questions immediately, she is the right woman, thank you.
My EmailMy Email
15:58 02 Nov 23
My experience with Miss Mirlinda Ahmeti from Lica was very helpful, she represented me very well with the lender and in the end I got the financial assistance without any problem. Regards C.W.
Renata HlaváčkováRenata Hlaváčková
14:21 02 Nov 23
I am very satisfied and Mrs. Ahmeti is very professional.Thank you very much Renata
Bekim ShalaBekim Shala
11:46 02 Nov 23
Consultant Mirlinda immediately understood my needs as a client and worked hard to achieve a positive outcome to my requests. Polite, efficient, precise, professionally competent and very empathetic personally. I highly recommend Mirlinda Ahmet
Václav PalarčíkVáclav Palarčík
10:02 27 Oct 23
Helder FilipeHelder Filipe
11:52 25 Oct 23
joao pintojoao pinto
10:08 23 Oct 23
Jules UddinJules Uddin
10:16 16 Oct 23
BlumeoBlumeo
05:13 13 Oct 23
Marcelo FerreiraMarcelo Ferreira
11:34 12 Oct 23
Excellent professional Mara Garcia
Salvatore Lo GiudiceSalvatore Lo Giudice
11:20 12 Oct 23
Manuel N^1 was very precise, a true professional.
Angela CoelhoAngela Coelho
09:39 09 Oct 23
Christian FarinaChristian Farina
09:20 09 Oct 23
It was a pleasure! Very pleasant business partner!
juan alcaldejuan alcalde
06:36 04 Oct 23
always gives solutions
Luis GarciaLuis Garcia
16:50 03 Oct 23
Paolo ChieffoPaolo Chieffo
17:17 28 Sep 23
Kimberly BallamanKimberly Ballaman
16:18 26 Sep 23
He was able to answer all our questions and help us with our request.
Nadia DeBarrosNadia DeBarros
13:13 21 Sep 23
Renaldo GjoziRenaldo Gjozi
09:18 20 Sep 23
Joaquim AzevedoJoaquim Azevedo
17:15 15 Sep 23
Antonio SimoneAntonio Simone
11:31 15 Sep 23
Thanks to Mr. Manuel a very competent person in his work thank you very much
Roberto LabanoRoberto Labano
13:24 14 Sep 23
Je voudrais dire que Mara Garcia a été excellente pour résoudre ma demande. Du début jusqu'à la fin. Je recommande à 100%. Merci Mara 🙂
Ricardo RibeiroRicardo Ribeiro
06:49 14 Sep 23
Mara Garcia took care of my order. Super friendly, attentive and always available to help. In this branch of the best I have found.
Cosimo TassoneCosimo Tassone
14:44 31 Aug 23
The consultant Manuel Ognissanti is a very good guy in his work and available, thanks to his knowledge I managed to obtain the credit. I recommend it to everyone ..?? THANK YOU MANUAL..
Ricardo Da SilvaRicardo Da Silva
08:25 31 Aug 23
Fast, no problem.
Ricardo RibeiroRicardo Ribeiro
08:19 31 Aug 23
Francesco CrisafulliFrancesco Crisafulli
11:59 30 Aug 23
available and practical! what you need in these situations.informed
PikachuPikachu
12:48 19 Aug 23
False advertising. Inability to obtain a loan. Consultant offering me no solution, except to manage on my own...I strongly advise against it and that's a shame.
Melitta CostantinoMelitta Costantino
11:06 08 Jun 23
Impeccable efficiency. From A to ZFast, clear, efficient and serious
Dave MartinsDave Martins
15:51 03 Tue 23
Mrs. Garcia, with whom I had contact from start to finish, was great, attentive and very professional, it should be noted because in this area it is very rare. I got my fat credit fast from them. I can only recommend
Rachel PittetRachel Pittet
12:33 02 Tue 23
Very satisfied, a good solution has been found. Thank you very much for your work
Rui P.SantosRui P.Santos
14:08 31 Jan 23
Excellent service, very good customer support all along the way. A real pleasure to have found them. Mara did everything to help me find a solution. Thank you
Danny FernandoDanny Fernando
14:37 25 Jan 23
Company that really gives of itself for these customers and that really tries to find solutions. Friendly service, support during all stages. Real pros. I highly recommend. Many thanks to Ms. Garcia for her professionalism and efficiency.
Flaco VerdeFlaco Verde
17:15 19 Jan 23
Many thanks to Mara for her help and efficiency.
Eugenie KouassiEugenie Kouassi
16:27 18 Nov 22
Yes I am very satisfied with Manuel, humanely available, explains clearly with professionalism, very courteous on the phone, I recommend Lica ++++++ and many thanks to Manuel!
Oberlin MichaelOberlin Michael
16:58 01 Nov 22
She really was me, she's the only one who believed in me, I find her just incredible
vincent morelvincent morel
13:14 24 Oct 22
Mara Garcia I recommend her for the credits
jaffyx leejaffyx lee
11:09 21 Oct 22
Very responsive and available
Ferreira AlbertoFerreira Alberto
08:16 09 Sep 22
Many thanks to Lica and especially to François Guss. Your efforts do not go unnoticed. Thanks for your help and support. You are truly an asset to your team and to the entire organization. Your work ethic and your involvement are admirable, we are lucky to have someone as dedicated as you on board!
Cecilia de JongCecilia de Jong
08:57 15 Jul 22
The person of my response is very professional, efficient, reliable, diligent, updates my requests at any time, I am very grateful to Omar Gourgel, who always takes good care of my file, Bravo it's magnificent and excellent! Well done! The employer should be proud of him, applaud and promote him please???????
Thelight33 WorldThelight33 World
15:14 13 Jul 22
I was very satisfied with the services of Mr. Omar Gourgel, I highly recommend him! ?
luigi caldarolaluigi caldarola
10:22 29 Jun 22
Perfect service Perfect consultant manual. Punctual, meticulous, helpful, everything went well and thank you again for the service
Nuno AlvesNuno Alves
13:12 01 Feb 22
Very easy to apply for your loan. The advisor very helpful and always there to explain what you need to do. Recommend.
bjlno familybjlno family
22:54 10 Dec 21
We obtained our financing on very advantageous terms and in record time. Despite a refusal from another bank, Lica found us a great solution. We recommend the services of this company. Thank you for your work.
Bastien HenriBastien Henri
13:22 12 Jun 20
Very good service and a real novelty in terms of financing. Thanks to the cashback the conditions are excellent!
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Why choose Lica for your private credit redemption?

After detailing the advantages of buying private credit, you might ask yourself: why choose Lica? With more than a decade of experience in private credit in Switzerland, Lica is a trusted partner. We understand that each financial situation is unique and we are therefore committed to finding the most suitable credit redemption solution for your needs.

Whether you are looking to reduce your monthly payments, obtain a lower interest rate or finance a personal project, we are at your service.

Do you have questions before applying for private credit? Our advisors are there to answer your questions 7 days a week directly on WhatsApp. Ask us for more information and we will be happy to answer you!

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Arthur Moreira
Arthur Moreira
13:51 21 Feb 24
Marta Ferreira
Marta Ferreira
14:47 20 Feb 24
Jedidia Andrianarivony
Jedidia Andrianarivony
13:49 20 Feb 24
It's impeccable
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