Personal debt consolidation loans -Get a fast Christian debt consolidation

Get a fast Christian debt consolidation

A debt consolidation loan is a form of financing that allows all installments of current loans, paid by the same or by multiple banks, to be combined into a lighter monthly installment. It is, therefore, a loan that aims to close all other loans in progress.

Christian debt consolidation is a concrete help for those who want to reduce monthly payments by combining them into a single installment and, at the same time, obtaining additional liquidity.

Generally speaking, it is not necessary to provide concrete guarantees to be able to apply for a loan for debt consolidation. However, to be able to request it, it is necessary to meet certain fundamental requirements:

  • Applicant’s age: must be between 18 and 75 years;
  • Indefinite contract, with seniority of at least 6 months for employees and 1 year for self-employed workers;
  • Creditworthiness: the absence of CRIF protests or reports.

A very widespread practice among banking and credit institutions to protect themselves against the risk of insolvency is the signing of a contract that provides for the repurchase of installments or, alternatively, the signature of a third guarantor or co-obligator, which will become a guarantor.

How debt consolidation works

Debt consolidation, also called refinancing, is a tool that aims to avoid over-indebtedness of people or families, often not due to the size of the various loan installments, but to the different rates applied by different banking institutions.

This type of financing makes it possible to have a single bank or financial institution as counterparty for all current loans and to be able to defer payments over time. Obviously, with the decrease in the amount of the monthly installment, the duration of the loan is longer than expected.

The debt consolidation operation has many advantages, especially when one finds oneself in the condition of no longer being able to pay the various installments of the various loans punctually. In addition to lightening the monthly load, this form of financing also allows obtaining extra liquidity, which can be requested without the need to provide a specific purpose.

Make a loan simulation quote for debt consolidation on Astro finance: in a few seconds, after entering your personal details and the characteristics of the estimate you want to request, you will get a complete overview of the loan offers of the main banking and credit institutions present in Italy, among which you can choose the solution that suits you best.