Why is it interesting to consolidate my credits?

consolidate my credits

Whether it's buying a new car, paying for your education, new furniture, or any other expense, loans add up quickly. They can often be at very high interest rates with hard to manage monthly bills. Manage your debts well and reducing your various monthly payments as much as possible are the best solutions to quickly stop needing a loan! Without waiting, consolidating my credits is an excellent solution to save on my monthly payments.

What we call debt consolidation is a strategy that can simplify the management of monthly payments. This by consolidating all your debts into one payment. It often comes with a much lower interest rate than what you were paying each month before. While giving your rating a good boost to the credit bureau.

One of the effective ways to consolidate your debt is to take out a personal loan. With the transfer of your various loans such as leases, private loans and credit cards so that you only have one much lower monthly payment.

Let's take a closer look at what benefits I can get from consolidating my credits.

# 1 Reduced interest rates

Most small debts will have very high interest rates. They can dramatically increase the debt you owe. By paying off several high-interest debts with a loan with a lower interest rate, you'll pay significantly less in the long run. Your monthly repayments will therefore be lower and your budget will therefore be better.

# 2 can improve your credit score

Speaking of credit scores (registration in the ZEK and IKO central files), another benefit of debt consolidation is that it can give a good boost to your current score. If you consolidate by taking out a personal loan, it is likely that you will see an increase in your score. This in just a few months, because you will reduce your rate of use of credit. A good mark in the central files = good loan conditions!

# 3 Less stress

Consolidate your debt into one manageable payment will significantly reduce your stress and help eliminate the clutter that multiple payments can cause. Money matters like debt are known to lead to stress. By taking control of your finances with just one monthly payment, you will quickly find yourself in a better financial position with a budget under control.

# 4 Combining my credits allows me to repay faster

It is not uncommon for credit card or small loan balances to take years to be fully paid off. After all, they earn interest on what you owe! So lenders don't care if it takes you 5 years or more to pay off your debt. One advantage of debt consolidation is that this process will allow you to schedule regular repayments. This is to ensure that your loans are repaid within a reasonable period of time.

Final thoughts ...

As with any request for financing, it is important to carefully assess your own situation. This is in order to determine if this is the best solution for you and what your current budget is. Consolidation of loans generally offers significant gains and therefore it is a very interesting option to consider.

I want to consolidate my credits and find a balance in my budget!

Without further ado, make a non-binding request and let's see how we can help you with our exclusive solutions. Making a redemption and consolidating your credits with Lica is a great solution to save money every month.

By continuing to use this website, you agree that cookies or other similar technologies may be used. More information here.

Send us your application:

your Evolution is in your hands!

Choose your language and ask your questions!

Choose the loan that meets your needs!

Highest acceptance rate in Switzerland
Your request in less than 2 minutes
The best market conditions
An answer in less than 24 hours
No administration fees
✓ Highest acceptance rate in Switzerland
✓ Your request in less than 2 minutes
✓ The best market conditions
✓ An answer in less than 24 hours
✓ No administration fees

Private loan

3'000.- to 400'000.-
Rate from 3.9%

Real estate loan

250'000.- to 3'000'000.-
Rate from 0.75%

Business loan

50'000.- to 1'000'000.-
Rate from 2.9%