{"id":10845,"date":"2016-06-23T09:51:25","date_gmt":"2016-06-23T09:51:25","guid":{"rendered":"https:\/\/multicredit.ch\/wp\/le-desendettement-de-quoi-sagit-il\/"},"modified":"2021-03-10T10:54:28","modified_gmt":"2021-03-10T10:54:28","slug":"debt-reduction-how-does-it-work","status":"publish","type":"post","link":"https:\/\/multicredit.ch\/en\/debt-reduction-how-does-it-work\/","title":{"rendered":"Debt reduction: how does it work?"},"content":{"rendered":"<h2><span class=\"ez-toc-section\" id=\"An_alternative_to_debt_consolidation\"><\/span>An alternative to debt consolidation<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Most people facing financial difficulties turn to debt consolidation to reduce monthly charges. If this solution does allow to ease one&#8217;s budget, it is not available for people carrying too much debt. Indeed the Swiss law forbids loans to people facing over indebtedness. For this kind of situation, the debt reduction, or debt relief can be a solution.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Debt_reduction_service_what_is_it\"><\/span>Debt reduction service: what is it?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This solution is a service offered by specialized companies, and consists of <b>entrusting the management of your debts.<\/b> More specifically, your will pay each month a defined sum to the company, who will manage your debts for you. All your creditors should then adress to the company managing your debts. Thus:<\/p>\n<ul>\n<li>You won&#8217;t receive any more payment reminder.<\/li>\n<li>The compagny will negotiate with your creditors to lower your debts (lower interest rate, payment delay, &#8230;).<\/li>\n<li>You benefit from a unique contact regarding your debts.<\/li>\n<li>The monthly sum paid to the company is clearly defined in advance and allows you to keep <b>enough money to live<\/b>.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"How_does_this_service_cost\"><\/span>How does this service cost?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A debt reduction service comes with a cost, defined with the company managing your debts. Howewer, as the company will allow you to save money on your debts, the you wil globally spare money. Thus, it is important to adress to an experienced company who will guide you throughout the debt reduction process. For example, <a href=\"https:\/\/www.multicredit.ch\/en\/\">MultiCredit<\/a> can help you to find the right solution for a debt relief.<\/p>\n<p>All in all, the most important when facing budget difficulties is important <b>not to wait<\/b> and to <b>ask for help<\/b>. Each year, there are many people with financial difficulties in Switzerland, and solutions exist!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you are facing financial problems, there are some companies offering debt reduction services. How does this solution work, and is it really efficient? Explanation.<\/p>\n","protected":false},"author":4,"featured_media":10840,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[10],"tags":[],"class_list":["post-10845","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/posts\/10845","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/comments?post=10845"}],"version-history":[{"count":2,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/posts\/10845\/revisions"}],"predecessor-version":[{"id":14997,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/posts\/10845\/revisions\/14997"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/media\/10840"}],"wp:attachment":[{"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/media?parent=10845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/categories?post=10845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/tags?post=10845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}