The credit consolidation process is increasingly popular today. Also known as debt restructuring or debt buyback, or simply debt consolidation, it gained popularity due to the widespread availability and usage of consumer loans. Discover the specialization of credit consolidation!
Also known as a “amortizing loan“, the installment loan is a flexible financing solution that allows you to cover unexpected expenses without having to dip into your personal funds available in a savings account.
2018 marks the arrival of a change in car loans. A change that should delight all buyers of a new car, or a used one less than 3 years old. Indeed, CBC bank now offers a car loan rate of 0.85%, unprecedented on Belgian soil. And it seems that other banks have decided to follow suit as they are now announcing the same rate… More details.
The installment loan is the perfect credit option to help you achieve your projects. However, each financial institution comes with its own set of advantages and disadvantages, which you need to decipher to secure a loan at a preferential rate. Let Credafin assist you!
Life’s unpredictabilities, such as losing a job, can make it particularly challenging to meet the repayment schedules of our various loans. In Belgium, the number of people unable to repay their loans due to financial difficulties is relatively high.
Simulate your loan consolidation
Indeed, statistics from the Central Credit Register of the National Bank of Belgium reveal that nearly 370,000 people face such challenges. In this regard, loan consolidation proves to be an especially effective solution for getting out of such predicaments. But how does a loan consolidation work? What are its advantages? How can you benefit from the best interest rates on the market? These are some of the questions this article aims to answer as clearly as possible.
Looking to buy a new vehicle? More interested in a used car? Seeking an effective financing method? Car loans are very popular among Belgians. With relatively simple procedures, quick fund disbursement, and payment flexibility: here’s an overview of the much-acclaimed car loan, favored by consumers.
According to the conclusions of a recent study by the National Bank of Belgium (NBB), the allocation of bank credits excessively benefits less performing companies to the detriment of the most productive firms, despite the latter’s significance in the national economy.
If you have multiple ongoing loans and are facing a high debt-to-income ratio, you might consider credit consolidation. No matter the nature of your loans (mortgage-related, for personal needs, or consumer type), you can always opt for credit consolidation.
First of all, when an individual wants to pursue one of their personal projects, such as going on a trip, redecorating their home, getting married, or organizing a reception. Or simply for personal enjoyment, they have the option to access what is called a personal loan. This latter can be obtained from banks as well as from specialized financial institutions. The market is very competitive, which is beneficial for the applicant. This allows them to compare and thus access the best available offers. In addition, it should be noted that a simulation of this personal loan can often be done online.
Koen Geens, the Minister of Justice, has announced his intention to make collective debt settlement a competence of the peace courts. Explanation follows.
How Much Can I Borrow for a Personal Loan?
2017: The Percentage of Defaulting Borrowers in Belgium Decreases
How Much Can I Borrow with a Personal Loan?
How Much Can I Borrow Personal Loan?
Financing Your Home Renovations
Average Monthly Repayment: Belgians Pay Back €864 Each Month
Credit Registry for Individuals: Latest Credit Figures