Replacing your old credits with the optimal debt rescheduling loan at Private Credit Company
At Private Credit Company you will always find the best credit – see for yourself!
At Private Credit Company, prospects can make an effective loan comparison if they want to replace loans. In the context of a rescheduling that is often unavoidable. The provider is characterized by excellent service and meaningful offers that are perfectly tailored to customer needs.
Seriousness in the credit comparison
However, Private Credit Company does not use asterisk text like many of its competitors, which are causing the annoyance of customers and consumer advocates. Rather, the portal clarifies unconditionally on all conditions. In this way, consumers can replace their loans quickly, effectively and cost-effectively and know in advance what is important. The credit comparison on Private Credit Company is legendary and delivers the best deals in Germany, each matching the individual financial situation of a customer. Some citizens are looking for a civil service loan, others need a car or home loan, in many cases, those affected loans must replace. Especially with this type of rate reduction, Private Credit Company’s long-term experienced employees are particularly helpful and always find a suitable solution. As a result, those affected can finally breathe freely again.
Replacing loans: when is it worthwhile?
In these difficult times, more and more people in Germany have to replace loans, they want to and can tackle this project too. It serves their rescheduling or simply the discharge, because who repays a loan before the end of the regular term, then enjoys the debt again and can finally go shopping again to your heart’s content. Without a real credit comparison, however, there is not the desired financial scope. In order to get more money into the wallet (the wallet), it is urgent to make a loan comparison through professional providers such as Private Credit Company. Just in March 2015, it is worthwhile for consumers to replace their loans, as interest rates are at a historic low. The situation is always the same: The Dispo is long overdrawn, even a personal loan is currently running at excessive interest rate, also calculates the bank for the items of credit card usage every month handsome interest costs. But that need not be! The solution is to replace loans, to reschedule for a favorable loan. The savings potential can be huge. In addition, customers save annoying reminders or even execution attempts of the creditors, even if one rate fails. Nobody should replace loans without a previous credit comparison. Finally, the rescheduling should generate real benefits that result only by low interest rates. Of course, this measure brings further benefits, because the repayment installments can be stretched and thus the monthly payments are lowered. Last but not least, the debtors finally regain an overview of their finances when they replace old loans. In addition, it is possible in this context to finance future renovations to the house or the next holiday trip, because the financial scope can also be expanded. The existing credit limit will be increased.
What should be considered when rescheduling or replacing old loans?
Not always succeeds in the replacement of old loans without prepayment penalty. This should be planned by the interested parties and weighed against the advantages. It helps a request to the bank for the possible transfer fee, which is not mandatory. Many consumer loans for free use, but also car loans and now even mortgage loans are now provided with free special repayment options. In principle, this is clear from the loan agreement, it hides only often in the very back of the fine print. It is also important to tell a new lender that old loans will be replaced. These are noted in the Schufa and there lower the score. However, if the new donor is informed that the applicant is conducting a credit comparison because he wants to replace old loans, he will offer a lower interest rate from the outset.
Now replace old loans and save by an optimal rate reduction. For credit comparison
Loans replace: Termination of old installment loans
You can terminate a installment loan quite simply, according to § 489 BGB you are entitled to a regular termination right after six months. The deadline is three months. With fixed-rate mortgage loans, the matter is not so easy, a termination is only possible at the end of the fixed interest period, but at the latest after ten years. Before the end of the fixed interest period, the period of notice is one month, and after six years six months, if the fixed interest period had been longer. Variable interest building loans can be terminated at any time with a three-month period, and home savings contracts can be terminated at any time. Vehicle financing includes contractual agreements (often with special repayment options), but they are treated in principle as the consumer loans under § 489 BGB. So if you find out by comparing credit that you can really cash in on your loans, you should immediately take care of the notice periods for the old loans.
How is a loan comparison performed correctly?
Decisive is the comparability of individual loan offers under identical conditions. If, therefore, you are considering different bids within the framework of the planned rescheduling, you must always use the same amount plus the term. Otherwise the comparison results in a falsified picture. On the one hand, the banks can calculate different borrowing rates for different maturities, but on the other hand, the effective annual interest rate basically changes with the maturity. The bank is free to smooth out this sentence and identify it identically for all terms, but that is not self-evident. Therefore, make the credit comparison with only one sum and one term.