What to do if the bank refuses to pay off expensive loans!
Many borrowers unnecessarily pay too high interest rates for their old loans! By replacing expensive loans, they could save hundreds of USD. Especially for loans without Credit Bureau a rescheduling is worthwhile. In addition to saving interest, a credit change (debt restructuring), ie replacement of expensive loans and replacement by cheaper loans, reduces the credit burden and thus the creditworthiness can be increased!
The solution is debt restructuring!
Anyone who wants to replace the expensive loans at his bank, will usually encounter there on granite and receive a rejection. The answer will be: A repayment of the loan is not possible, better conditions could – unfortunately, unfortunately – not offer. With reference to the ongoing multi-year loan agreement.
Important to know: Old loans can be terminated at any time without the consent of the bank and replaced by cheaper loans. This is called debt restructuring. The borrower must only comply with the notice period set out in the current loan agreement. Usually this is a few months.
If the termination takes effect, the borrower must pay the remaining balance in one sum to his bank – no problem, because he simply takes out a new and cheaper loan from another financial institution. As a result, the monthly installment fee drops immediately.
To his old bank, the borrower still has to pay a “compensation” for repaying the money ahead of time. But because the old interest rates were so high and the new ones are significantly lower, the rescheduling pays off for him anyway.
Our advice: save interest by replacing expensive loans!
Take a chance now and replace old loans! Instead of getting annoyed about over-interest on your old loan, consider checking for a loan. What does that mean? Quite simply: They get a new cheap loan to pay off the expensive old loan in one fell swoop. Further information on the topic “Replacing Old Loans” under: Rescheduling and Loan Change!
How do I find the best loan provider for debt restructuring?
For loans without Credit Bureau it is worth replacing old loans with new ones because of the current low interest rates! As a guide to finding a suitable rescheduling provider, the ranking of the best debt rescheduling offers!
99% of all credit seekers do not know…
- With the credit formula you save 30% interest! The credit formula is an innovation of our SME-Crediter team.
- Unlike the bank Credit-mono and small loan amounts are already possible from 200 $! As is well known, only loans in excess of several thousand USD are possible at the bank, since otherwise it will not pay off for the bank!
- The Swiss Cre Loan, there are now loans without Credit Bureau up to the amount of 7,500 USD (previously limited to 3,500 USD)!