A rescheduling repayments an existing loan, in whole or in part, by taking out a new loan. The rule is: the higher the residual debt and the current interest rate and the longer the residual term of the current loan, the greater the savings potential for you. You have long ago taken out a loan for a large amount and a long term. He can decide whether he accepts an offer from the house bank, a direct bank or a personal loan. A comparison of all offers should not be missed, because only so cheap credits can be found.
Loan for rescheduling cheap loans
Credit institutions reject new loans on the grounds that their own creditworthiness is no longer guaranteed. It is difficult for you to raise the rate on old loans. In such a case, a debt loan is required. Many Germans know, at least roughly, how their credit rating is measured.
Decisive are creditworthiness and the entry with the protection community for general credit security. This score, as the Diaspora itself calls it, is dependent on old debts and monthly fees such as mobile phone contract, DSL contract and the like. In the case of very high over-indebtedness, of course, the bank’s willingness to go into the wine cellar, which is why the readiness to bankruptcy sets twice.
But how can borrowing suffice for a rescheduling?
The rescheduling is a new borrowed capital that is cheaper than the previous, original capital. That is, after deducting all fees and other expenses you pay less for the new loan business than for the first one.
Once you have discovered such a document, talk to the provider about it and explain that it is a rescheduling document. The latter grants the loan later, because it increases the creditworthiness of the debtor and binds him to the house bank in the medium to long term. The borrower has the opportunity to increase the credit rating. With this new loan, you pay off the previous loan.
This is the purpose of the special derecognition clause in the existing loan agreement, which, if it concerns a credit transaction entered into by a major UK bank, must be included in the loan agreement. The credit institution in which the old loan is maintained usually defends itself against debt restructuring and does not grant it itself, since the economic benefit of the borrower is, of course, its damage.
The credit for a rescheduling: Can you take a higher amount?
It can be deduced from these observations that the debt rescheduling concept is essentially based on the fact that the new loan offer is cheaper than the previous one, so that the Federal Financial Supervisory Authority notes that the total debt has declined and not increased. Of course, a more expensive bond would have the reverse effect, which is probably why you would not get it from a German bank.
However, if you contact a credit institution that does not cooperate with the protection company and therefore announces loans, the new offer can also be more expensive as the switchboard only determines that an offer has been repaid. Of the new mortgage loan she has no idea and of course she does not ask where the capital comes from.