How to compare different loan offers?
How to compare offers of consumer credit and find the most interesting offer?
For credit offers, pay attention to the points listed below:
- the APR (Global Annual Effective Rate): it appears on your loan offer. The rate is calculated according to your profile and your request (work loan, auto loan, installment loan,…). This interest rate corresponds to the remuneration of the banker, it can not exceed the ceiling rate set by law, called the rate of attrition.
- the possible amount of application fees: not all lending institutions offer them.
- the cost of insurance: this is not mandatory, it is up to you to see if you want to subscribe or not.
Grouping your credits successfully thanks to a good accompaniment
The purchase or regrouping of credit is conceived today as a solution which can allow a household in difficulty to find a better serenity in the management of its budget. It must be recognized, however, that while credit consolidation can ease the financial stress of a home, it is far from a miracle solution. In order for it to really help, the grouping of credit must be done in good conditions and to do this, the accompaniment of a trustworthy connoisseur is necessary.
What is the need for support?
There are many reasons that can encourage a person to consolidate their different loans into one loan. In the majority of cases, most households decide to pool their loans to facilitate the management of their debts: in this way, instead of having to repay a work loan, a car loan and another consumer loan, they do not have to pay their loans. will have more than one credit to manage every month, thanks to the purchase of credit. Other people may choose to buy back their loans, to lower their debt ratio. Whatever the reason, the buy back of credit can be of great help, provided it is operated in good conditions. For this, the accompaniment of a professional remains essential. Indeed, when you do not really know the operation of the credit redemption, we can quickly come across an offer, at first glance enticing but ultimately, would only aggravate his situation.
- Mersch Credit Broker
Many elements are to be seen in a credit consolidation operation: the new monthly payments, the total duration of the new contract, the interest rate applied and the expenses related to the development of the new file… Without having enough knowledge in the domain, one can quickly get lost or rush to sign a credit buyback deal that is ill-suited to one’s situation and financial capabilities.
As with the personal loan, the accompaniment of a professional remains essential to be sure to obtain a customized solution adapted to his financial means. A connoisseur in the field will also be of great help in undertaking rate negotiations or certain conditions with the bank or credit union organization. The main advantage of receiving individualized support is that there is a better chance of benefiting from a new contract tailored to your situation.
Applying to a broker: his role in a credit union
The credit buyback broker is a professional who works on behalf of a financial institution, specifically called a “credit buy-back organization”. Its main role is to provide you with advice and support throughout the credit pooling process. Its role is to act as an intermediary between the client and the financial institution proposing the repurchase of credit. Ideally, for the support to be fully personalized, choose a bank or credit redemption organization that allows you to collaborate with a single broker for the duration of your file. The broker will personally study your file to direct you to the credit surrender offer that best suits your needs. As a connoisseur in the field, the broker will strive to redeem your credits and develop your file, to give you more chance of obtaining a favorable contract from a financial institution. In addition to support, it will also be up to the broker to simulate loans with credit institutions.