Credit consolidation will very rarely make you money, on the contrary.
However, in some cases it is really necessary to go through this step.
You will be able :
- Avoid over-indebtedness
- Reduce your monthly expenses
- Free up new funds for a new project
If the introduction procedure is simple, studying a file takes time. When we analyze a request and we find that it is not necessary to perform a credit consolidation, we recommend another solution.
If you intend to redeem your mortgage, we invite you to consult our page dedicated to the repurchase of mortgage loan.
The disadvantages of credit consolidation
When you combine your credits, the main disadvantage is that, in most cases, you borrow an amount which is generally greater than the actual outstanding balance of all your credits to be taken back.
Therefore, in most of the cases, there is an extension of the duration which is carried out in order to reduce the new charge compared to the overall charge of all the old credits combined.
Result : the total cost of the new loan is much higher than the total remaining cost of the old loans. In summary, you lose money even if on the other hand, you have recovered liquidity or reduced your charges (in a significant way in some cases).
What can I include in my credit pool?
During a regrouping, you can include all the credits mentioned below in your request:
- Mastercard – credit card
- Credit opening
- Personal credit
- Auto financing
- Motorcycle loan
- Motorhome and similar financing
Credit repurchase: steps to follow
If you wish to submit a request, here are the steps to follow:
- Simulate your credit consolidation using this simulator: credit consolidation simulation
- Submit your request online via our web form
Documents to be provided in case of acceptance
If your request for credit consolidation is accepted, here are the documents to provide on the day of our appointment:
- Front / back copy of your identity card
- Copy of bank card where funds will be paid
- 3 last salary slip + bank statements
- Statement of each loan to be repaid
- Last overview received for each credit opening to be reimbursed
- If possible, your installment loan contracts
If you do not know how to correctly submit your file, we invite you to read this article: online credit application, how to submit it.
You can also incorporate other things into your credit consolidation, you can also include your invoices, your unpaid rents, your taxes (car taxes, garbage taxes,…), your taxes, a family reimbursement, an amount for your work, an amount for your vacation,…
Contracting your credit repurchase through us is the guarantee to redeem your credits with confidence. We analyze and find the best solution for you. Your satisfaction is our primary concern.