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Ten reasons to pass by a credit broker

Blog | Credit

Call on a credit broker means go through an intermediary between the bank and yourself. What is the advantage to pass by a credit broker? Discover ten good reasons to call on a specialist.

1. Benefit from the advice of a specialist

A qualified financial advisor could suggest you a free analyse of your budget in order to estimate the amount that you could get with a credit. He may as well advise you on the duration of your loan repayment depending on your financial situation.

2. Administrative aid

A specialist will aid you to build a credit record and gather together the necessary documents for your application. He will explain to you the different steps to follow in order to get your loan.

3. Choice of the best bank

Each credit bank is different. Depending on the situation of the borrower, some banks would be more adapted than others. A credit broker will choose the best financial institution for your applications.

4. Better conditions

A credit broker could negotiate directly with the banks for getting the best conditions: lower interest rate, higher amount.

5. Go through a broker does not entail any costs

Indeed, the specialist could find for you the best offer without asking you to pay fee. You will save money.

6. Following of your records

Your credit has been accepted? Going through a specialist will allow you to have a contact in case of problem or questions.

7. Intermediation in case of conflict

In case of conflict with the bank the broker will serve as an intermediary who will defend your interests.

8. Solution in case of refusal

In case of credit refusal the broker could advise you and guide you towards another service. In the opposite of the bank which gives you a simple rejection.

9. Repurchasing possible

If better opportunities available, the credit broker could suggest you to transfer your loan from a bank to another in order to get a better interest rate.

10. Other brokerage services

Finally, the brokerage companies is often active in others area than the credit. Establishing a trusted relationship with a competent and reliable society ensure you to benefit from a trusted interlocutor in case of need in the future.

Article written by Creditloan