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 monthly bills that are difficult to manage. Manage your debts well 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 your monthly payments. This by consolidating all your debts into a single payment. It often comes with a significantly lower interest rate than what you were paying each month before. While giving a good boost to your scoring with the credit information center.
One of the effective ways to consolidate your debts is to take out a personal loan. With the transfer of your various loans such as leasings, private loans and credit cards in order to have only one much lower monthly payment.
Let's take a closer look at what grouping my credits can bring me as advantages.
# 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 advantage 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 the private loan. A good rating in the central files = good loan conditions!
# 3 Less stress
Consolidate your debt into one manageable payment will significantly reduce your stress and will 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'll quickly find yourself in a better financial situation 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. An advantage of debt consolidation is that this process will allow you to plan regular repayments of your credits. This is so that your loans are repaid within a reasonable period of time.
And finally…
As with all request for financing, it is important to carefully evaluate your own situation. This is 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!
Now that you know the advantages of consolidating your private credits, all you have to do is make your request. With Lica It's simple, fast and effective ! And yes, you make your request online in less than 2 minutes and then our specialized teams will do the work for you. This saves you time and money!
Do you have questions before making your request? Our advisers are there to answer your questions 7 days a week. Ask us for more information and we will be happy to answer you.
