{"id":6738,"date":"2026-05-04T16:51:59","date_gmt":"2026-05-04T15:51:59","guid":{"rendered":"https:\/\/www.credafin.be\/credit-consolidation\/what-is-credit-consolidation"},"modified":"2026-05-04T16:51:59","modified_gmt":"2026-05-04T15:51:59","slug":"what-is-credit-consolidation","status":"publish","type":"post","link":"https:\/\/www.credafin.be\/en\/credit-consolidation\/what-is-credit-consolidation","title":{"rendered":"What is Credit Consolidation?"},"content":{"rendered":"

To start with, what is credit consolidation? Generally, credit consolidation refers to the process of merging the total amount of a household’s debt into a single, unified credit. Simulate and apply for your consolidation online.<\/span><\/p>\n

Simulate your credit consolidation<\/a>
\n<\/p>\n

<\/h2>\n

What is Credit Consolidation?<\/h2>\n

In most cases, credit consolidation,<\/span> also known as credit grouping, <\/span>r<\/span>efers to the profile of a family that has taken on several loans. This includes consumer loans, bank overdrafts, or even a mortgage.<\/span><\/p>\n

However, when these monthly payments exceed 30% of the household’s living expenses, the family’s finances can become complicated. A credit grouping allows for better management of this imbalance by consolidating various loans into a single loan.<\/p>\n

Finally, the aim of credit grouping is to reduce the debt ratio, bringing it below the 30% threshold. Through credit grouping, ongoing loans are thus consolidated into a single entity.<\/p>\n

The monthly payment for this credit consolidation is then adjusted according to the household’s capabilities.<\/p>\n

<\/h2>\n

Find the frequently asked questions below:<\/b><\/h2>\n