Contrary to consolidated credit , credit renegotiation is a solution that is available to all people. In fact, it is a much more comprehensive solution than the consolidation of credits and that can solve the problem of excess debt at the root. So, know that you can renegotiate credits if you have:
- Bank incidents;
- Name on the IXS bank black list ;
- High effort rate.
What is Possible to Do in Credit Renegotiation?
To be more successful, credit renegotiation should be extended to all of your lines of credit. However, you can only trade a few credits if you do not want to tinker with some line or if you see that it is not advantageous.
Depending on the type of credits you have, you will be able to:
- Increase deadlines;
- Reduce interest rates;
- Refinance your credit into a separate agreement (for example, turning a credit card into a personal credit);
- Assign grace periods or residual value.
What are the Results in Credit Renegotiation?
Contrary to what many people consider, credit renegotiation often has more interesting results than credit consolidation. The experience of the experts has presented the following numbers:
- Average credit volume – € 80,000
- Average number of lines of credit – 7.5 lines
- Average Savings – Approximately 30% -40%.
Of course these numbers are average numbers. It may be possible to have higher or lower savings, depending on the family situation.
How Credit Renegotiation Works
The credit negotiation process begins with the survey of the financial situation of the family. In practice, you will need to identify:
- Monthly income and expenses, making the family budget;
- Debts and their characteristics, through the map of credit responsibilities and bank statements.
In possession of this information it will be possible to define a financial plan and start the negotiation process. The two main objectives of this process are to identify the real situation of the family and to collect arguments for negotiating with financial institutions.
Banking Is Open To Credit Trading
After collecting all your information we will contact all financial institutions and submit offers to reduce benefits. The great goal will be to reduce your benefits to a sustainable value, ensuring that you can bear all of your costs and have the best solution for your case.
Does Credit Trading Have Any Costs?
The credit negotiation process has no cost of analysis or dossier. We do all the work for our clients until the new contracts are formalized between clients and financial institutions. We will present proposals with clients always the last word in the process. If we get the customer to reduce their services, the cost of the service will be indexed to the savings achieved . This means that if there were no savings there would be no cost to the process.
If you want to know in more detail how we will help you save with your credits, fill out our form and you will be contacted for a diagnosis.