Many people make personal loans in Switzerland (more than 400’000 contracts in 2014), but credit repurchase is a less common financial solution. However, borrowers could benefit a lot more from this convenient and advantageous alternative. What is debt consolidation and how much can you save thanks to this solution? Let's have a closer look:
A credit consolidation, also called debt repurchase, simply means that you can regroup several financial commitments together:
People are mostly interested to know how much they can save when regrouping their financial commitments. This will depend on:
In general, we consider that you can save up to 40% on your monthly payments! In other words, a particular who pays each month 500 Chf to reimburse a credit, plus a 100 Chf to repay a credit card (monthly amount is 600 Chf), could save up to 250 Chf/month with a credit repayment.
You should also consider the other benefits of a credit repurchase.
There are many people and societies to contact if you wish to make a credit repurchase. We recommend you to get in touch with a qualified advisor who will be able to inform you at best. Multicredit for example, can offer you a free analyse of your situation as well as a free debt consolidation offer directly on their page! Other societies are also interesting. In any case, just beware of offers that are too good to be true and to be able to get a free and non-binding quote!