Monthly Archive: March 2019

Consolidation Loan What is it? Consolidation of Debt Explanation

What is consolidation loan?

What is consolidation loan?

A consolidation loan is the replacement of several loans with one stable installment. Thanks to it, it is possible to regain financial stability, improve the liquidity of the household budget, as well as its easier control. In addition, it brings lower costs. It is a loan, thanks to which we will be able to pay off previous obligations, such as the repayment of a car loan, traditional loans or debt that appeared on the credit card.

Why consolidation loan is important?

Why consolidation loan is important?

It is important that the prospective applicant for the consolidation loan should settle the existing liabilities on time. If this is true, the borrower will be able to count on a higher loan amount, thanks to which we will be able to improve financial liquidity. Irrespective of the amount of the consolidation loan, this form of loan will be beneficial only if the conditions of the present obligations will be unfavorable in the light of the current market offer. Due to the fact that the interest rate changes as in a kaleidoscope, old loans can be provided with a higher percentage than the current one. With consolidation credit, the costs of lending decrease as well as the amount of the installment. We can expect the best conditions when the consolidation loan is secured by a real estate mortgage. Mortgage loans distinguish low rates of their interest rate.

Another way by which we can reduce the value of installments in the case of a consolidation loan is to extend the loan period. The repayment of all liabilities incurred will be spread over a longer period of time, which in turn will translate into smaller values ​​of individual loan installments. This difference may even amount to several hundred zlotys, but it is worth remembering that such an operation brings a higher total amount of credit. And although loan installments will be smaller and offload the budget, the borrower will have to take into account the need to repay additional interest. It is worth taking into account this option before making a decision about a consolidation loan, so that you do not regret this decision later.

In addition, it is worth taking a closer look at existing loan agreements and checking them in terms of entries referring to the commission for early repayment of a given liability. And although, at first glance, consolidation loan is a great solution for current debts, it is worth bearing in mind that not every consolidation will be a positive response to our problems. Proposals from different institutions will actually differ from each other, so it is worth considering the consolidation loan offer sensibly. An alternative might be to compare interest rates, as well as the amount of commission recorded on the cards of each institution.

Instant Credit Card Loan Quick loan

All the benefits in one loan

All the benefits in one loan

An instant credit card loan is one of the preferred types of loans for companies and financial institutions. In fact, most of the entities that apply to customers and offer them various loans condition the receipt of the actual loan on the existence of a credit card in the possession of the borrowers. Who are the financial entities that offer fast loans through credit cards? What is the reason for making the loan conditional on the existence of an active credit card? In the following lines we will discuss the relationship between credit card activity and the ability to raise loans.

Companies and financial institutions that provide loans to credit card holders

In the not so distant past, competition in the lending market was poor. This is despite the fact that the average Israeli takes loans continuously and most of the time includes his monthly expenses and loan repayments from the past. In recent years, however,  has been active in increasing competition in the lending and mortgage market. As of today, an immediate credit card loan can be obtained from the credit companies themselves, from insurance companies and pension funds, and from designated financial entities whose purpose is the granting of loans and credit. The banks also provide loans, and in fact are the dominant players in the field. However, their relative share in this market has been declining steadily for several years.

Instant credit card loan and the importance of card

As noted above, most of the lending entities stipulate receipt of an immediate loan with the lender’s credit card. In fact, it is almost impossible to take loans in the nonbank market in the absence of such a card. The reason for this is twofold: First, it is very easy to find out the financial details of someone who has an active credit card. His credit history is exposed, and in fact it is possible to know quickly whether it is a trusted borrower or a person who has difficulty repaying his debts. The second reason for the demand is the fact that it is easier to charge a credit card, and it is difficult to extricate itself from such a commitment easily. A credit card is tied to a bank account, and canceling the card does not stop the commitment.

If you are interested in obtaining an immediate credit card loan from a reputable company with years of experience in the lending market, this is the right place for you. You should contact us now and our representatives will get back to you soon. They will review the application and help you find the loan that best suits your needs, under the conditions that are tailored to you and in a convenient payment layout.