Borrow and repay later

When subscribing for a loan, deferred repayment can be a good solution when the borrower is facing a difficult financial situation. In order to borrow now and repay later, the bank may use different credits provided the necessary resources are available and the bank accepts a deferred refund.

Refund with partial payment deferral

partial payment

 

When subscribing to a mortgage or consumer credit, the borrower may, in agreement with the bank, make a partial deferred repayment.

This deferred repayment consists of repaying only the interest on the loan, the expenses and the insurance premium for a certain period agreed with the creditor. Nevertheless, the remaining capital does not change which, therefore, can increase the cost of credit.

Example: Mr Dupont asks for a partial deferral of payment of 3 months for his € 150,000 home loan. Following this delay, Mr. Dupont will have honored the interest and the insurance premium on his loan but will not have paid back any capital. As a result, Mr. Dupont’s loan is still € 150,000 but he can borrow and repay in 3 months.

Refund with a total deferment of payment

Refund with a total deferment of payment

 

It is also possible to realize a total deferred repayment when subscribing a loan, whether it is for consumption or real estate.

In fact, repayment by total deferral of payment consists of paying only the insurance premium for a period agreed with the creditor (usually the bank). As a result, the borrower does not repay interest or capital during the deferral.

However, it is important to remember that a deferred repayment increases the cost of a loan in proportion to its deferral. More specifically, the longer the deferred repayment, the more the borrower will increase the cost of his credit because the insurance premium will continue to be deducted.

In the end, it is possible to borrow now and repay later. However, it is important to consider the increase in the cost of credit, which can be relatively large depending on the deferred repayment period.

 

Debt Consolidation Loan for Bad Credit

Today, many people can get into a bad credit situation if they do not keep track of their income and expenses. Many young managers suddenly find that they are offered credit cards by different companies. Those who are sensible will find a credit card that suits their needs, sign up, keep track of their purchases, pay their credit card bills in full each month and ignore offers from other companies. There are others who can be dazzled by all credit on offer and will end up with credit cards from several companies. They can easily end up making lots of purchases on credit while making the smallest payments on their cards. So, one day they realize how much debt they are in when they need a debt consolidation loan to get out of a bad credit situation.

Debt Consolidation and Debt Reduction Service

Debt Consolidation and Debt Reduction Service

We do not give you debt consolidation loans. We help you reduce your debt by 40 percent to 60 percent and your payments by 40 percent. We make sure you pay no interest, late fees or fines. We’ll get you out of debt, and out of a bad credit situation, within three years. We make sure you do not receive more harassing phone calls from creditors by negotiating with them.

We can help you set up a debt reduction plan

We can help you set up a debt reduction plan

You begin by listing all your debts, estimating your income, and creating a usable monthly budget. Then find the money to pay off your debts. We also offer credit counseling to our clients. We begin by advising our customers to stop using their credit cards – this automatically stops their debt situation deteriorating. By helping you assess your income and create a monthly budget, we make sure you know how much you earn each month and how you spend what you earn.

You can contact us if you have debt over $ 5,000

You can contact us if you have debt over $ 5,000

You can’t hope to get out of a bad credit situation if you only pay overdue monthly monthly amounts – you aren’t hoping to get out of debt for a lifetime. If you decide to commit to debt consolidation – where the numerous payments you have to make each month are collected in one small sum – you can hope to get out of debt faster. If you are in a situation, bad credit and need help with debt consolidation, please fill out the form on our website. We will help you get out and keep in debt for the rest of your life.