Debt consolidation is a product offered by lending institutions that allows borrowers to restructure their debt and reduce their monthly repayments. As debt consolidation loans are sometimes refused, many people are asking: who are debt consolidation loans for?Who can apply for a debt consolidation loan ?
Any individual, whether they are employed, a civil servant, self-employed or even retired, regardless of their social and professional affiliation. You must be aware that refusal does not arise from these criteria but from a bank ban. If the borrower has no property or has an entry in the FICP (National Database on Household Credit Repayment Incidents) this also constitute grounds for refusal of an application for a debt consolidation loan.What conditions are required to consolidate your debt ?
Borrowers who apply for a debt consolidation loan are not required to change bankers. A financial intermediary organization is responsible for the transaction. All personal and professional information provided are strictly confidential. For individuals who have already obtained a first debt consolidation loan, it is possible to make a second application if they have been diligent in paying the monthly installments of their previous contract and if a period of one year has elapsed between the two.
Tuesday, 5 February 2013
Owning your own home or undertaking any major expansion of a building are large projects. It is necessary to have the available funds in order to achieve this goal. Home loans are ideal if you plan to buy or renovate a property or any building. This type of credit allows you to avoid waiting years to build up the funds on your own. Of course, for a long-term debt, such as a home loan, it is necessary to have personal capital, but it is always possible to obtain financing for the full costs associated with the acquisition. What are the particularities of a home loan? This is a form of loan granted by a specialized financial institution or a bank. A specific and often substantial amount is spread out over a long period to be repaid in monthly installments. If you wish to purchase one property and sell another property, you can opt for what is called a bridge loan. Th... Lire la suite
Tuesday, 5 February 2013
If you want a new car, consider the car loan, but above all else, know that there are several steps in order to find exceptional offers with the most advantages. How to find the best car loan? First, it is essential that you define, in advance, the type of vehicle, the make and the model that you wish to buy. Then, study your budget to see if you can afford a new car or a used car. Start by evaluating the budget you want to devote to your project. It is sufficient to know the maximum monthly payment that you can pay throughout the duration of the reimbursement period. Once you have verified that your borrowing capacity does not exceed 33% of your debt level, you can move onto the next step: performing an online auto loan simulation. The online simulation is the easiest, fastest and most effective way to discover the car loan offer the most adapted to your profile. ... Lire la suite
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