{"id":9085,"date":"2014-01-30T12:48:40","date_gmt":"2014-01-30T12:48:40","guid":{"rendered":"https:\/\/multicredit.ch\/wp\/le-rachat-de-credit-en-dix-questions\/"},"modified":"2020-04-03T14:31:24","modified_gmt":"2020-04-03T14:31:24","slug":"le-rachat-de-credit-en-dix-questions","status":"publish","type":"post","link":"https:\/\/multicredit.ch\/en\/le-rachat-de-credit-en-dix-questions\/","title":{"rendered":"Debt consolidation loan in ten questions"},"content":{"rendered":"

<\/span>1) What is a debt consolidation loan<\/span><\/h2>\n

A debt consolidation loan is a financial solution which consists of taking out one loan to pay off other loans or debts.<\/p>\n

<\/span>2) What are the key benefits of this solution?<\/span><\/h2>\n

There are two main benefits to choose a debt consolidation loan: one is practical, the other is financial. Indeed, you will replace many monthly bills with one bill. The financial benefit is twofold. Not only you will benefit from a lower interest rate, but you also will be able to choose a longer reimbursement duration, which means a lower monthly payment.<\/p>\n

<\/span>3) How much saving to expect?<\/span><\/h2>\n

Everything depends on the interest rate you had before the consolidation, and the interest rate offered by the agency that propose the debt consolidation loan. Generally, such financial solution can easily allow to save up to 40%<\/b> on the monthly bills. It is also important to address a serious organization (see for example CreditLoan – Debt Consolidation Loan<\/a>).<\/p>\n

<\/span>4) What debts can one consolidate?<\/span><\/h2>\n

The agency in charge of your consolidation can take care in your place to liquidate.<\/p>\n