Who does debt consolidation
All is not reported in a consolidation loan, so it is important not to let the situation slip, at the risk of having to entrust your file to the commission of over-indebtedness.
You have debts that accumulate on a recurring basis: unpaid loan maturities, and others. The situation can be reconsidered by pooling these debts into appropriate funding that will take into account repayment capacity.
The funding will be set up so that you will no longer be under the threat of the creditors and their costs of injunctions and other penalties. As a result, savings are immediate and visible. Added to this is a reflection on the issue of credits because they must include some responsibility in the vicious cycle of debts that accumulate.
Which debts are “consolidable”?
In the word debts, there is a notion of duty certainly, but in an exacerbated way can we say! Basically a consumer loan (appliances, auto, motorcycle, credit cards stores, and others) is not a debt in the sense of consolidation. On the other hand, the consequences that may result from the late payment of deadlines will come in the list to be reconsidered.
Apart from the abnormal overdraft of the bank account (sometimes the overdraft authorized), the outstanding advances, (debts to the family are the most frequent) are to be included in the consolidatable debts. Family debts are a warning signal. Indeed, the family debt is quite in an advanced stage that no longer allows appealing to his banker! So, parents and friends, in the same spirit of generosity, will contribute to aggravate an already dangerous situation! STOP a loan consolidation broker is all right.
To this list can be added the tax or social debts, a spread of taxes, worse still unpaid to the ban, in the form of a moratorium.
How do you finance?
The debts must be existing and verifiable. For example, to take over family debt, it can only be retained if it has been declared to the tax authorities. So regularization before a notary will be essential.
The analysis of the loan consolidation professional broker is first and foremost about giving you sound advice, it’s an obligation for him and it’s the best thing to do. Study of the case, the expertise of the contracts, verification of the risks incurred, final solvency examined finely, will confirm or invalidate the recovery of the situation.
Seeing quickly is the best advice we can provide. Reminder: the broker’s advice is completely free and he must respect the professional secrecy.