The reunification of debts and credit problems
Feb 3, 2009
One of the major problems of society today is the excessive indebtedness of households. This is due to a huge increase in the price of flats and the interest rates to lift the quota limit to the mortgage, which means that is used on some occasions ¾ monthly salary to pay the financial obligations.
To this is added the loan of the car, card receipts, credit for the purchase of appliances, etc.. This means that families often can not reach final months of their salaries, which can ultimately lead to the seizure or the auction house.
The solution to this problem is the reunification of debts, which is to consolidate all outstanding debts into one loan rate mortgage, usually at a lower interest rate (which implies savings), resulting in a much lower monthly fee, but lengthening the term of repayment of the loan. This way families can get better off this month.
The resulting credit can exceed the amount of all debts, the customer must pay for the operation. A reunification of debts is a salvation alternativade against a lien or auction the property.
This solution must be careful because if we change our economic conditions favorably, consumerism that can take us over the years, the bank must follow the same amount of money before (a loan for a new car, home furnishing The credit for the trip to the Caribbean, etc.).
It is advisable that before embarking to sign such an operation, it should explain our problem to the bank and request an extension of mortgage, to cancel all outstanding debts. We will pay our mortgage, but usually will extend the deadline for returning it.
To this is added the loan of the car, card receipts, credit for the purchase of appliances, etc.. This means that families often can not reach final months of their salaries, which can ultimately lead to the seizure or the auction house.
The solution to this problem is the reunification of debts, which is to consolidate all outstanding debts into one loan rate mortgage, usually at a lower interest rate (which implies savings), resulting in a much lower monthly fee, but lengthening the term of repayment of the loan. This way families can get better off this month.
The resulting credit can exceed the amount of all debts, the customer must pay for the operation. A reunification of debts is a salvation alternativade against a lien or auction the property.
This solution must be careful because if we change our economic conditions favorably, consumerism that can take us over the years, the bank must follow the same amount of money before (a loan for a new car, home furnishing The credit for the trip to the Caribbean, etc.).
It is advisable that before embarking to sign such an operation, it should explain our problem to the bank and request an extension of mortgage, to cancel all outstanding debts. We will pay our mortgage, but usually will extend the deadline for returning it.
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