If you have multiple loans and these start to choke your family finances, continue reading this article. Remember that there are more people in your situation and there are solutions today that can help you get out of this desperate situation. No family needs to live in this climate of uncertainty and financial despair.
The role of the economic crisis
The economic crisis of 2008 has put many families in a desperate financial situation. Until then, easy credit has led to some exaggeration when it comes to contracting new debt. Households became indebted and accumulated credits over credits that became progressively more difficult to repay. Whether it was personal loans or housing loans, many loans were stacked on top of other loans. No banking institution imposed large limits on this situation.
The economic crisis and the resulting unemployment were the last straw for many families to face a very weak situation. On the other hand, many people held loans related to the acquisition of a property, and with the crisis that property depreciated, so its sale is no longer an outlet. In many cases, the sale of the property was not enough to settle the debt to the bank, so this was not an alternative.
Save on your credits
Fortunately, there is a solution to end all the installments you currently have regarding your credits. This option has gained more and more notoriety, especially in recent years, through the media. The option we are talking about is called credit consolidation and basically it is an operation whereby the customer can go from several credits to just one. This leaves only one monthly payment, which is often much lower than the sum of the monthly loan installments it previously held.
This banking is thus a backlight to the tunnel for those who urgently need to reduce their loan payments and alleviate their debt situation.
With OneSavers Solutions, credit consolidation has other advantages, such as exemption from procedural costs. You can run a simulation completely free of charge on our website, so you can get an idea of how much you can save. However, only with a personalized and careful analysis to each situation can we make a more advantageous offer and suitable for you. Each situation has different characteristics and circumstances, so this analysis is very significant.