Monday, April 2, 2012

Debt Consolidation

Debt ConsolidationThe debt consolidation allows you to group all the debts of a person or family in a single loan with one single installment. Debt consolidation should be on a new loan with better conditions, thus improving the financial situation after unification.

The loan is usually better mortgage because it combines the lower interest rate to as soon as possible. Thus, debt consolidation loans and / or credit cards with interest rates higher and shorter, you get a new loan with a smaller share.

The loan consolidation, loans and credit cards to get a new mortgage loan to reduce monthly devoted to the financial costs for families and gives them more money available each month.

This financing solution is available to all families with home ownership, whether or not mortgage, allowing them to pay less per month or / and get the cash they need at the best possible conditions.

To access this financial solution debt consolidation is important:

Have income . ? Banks and savings banks will lend you money only if you are able to pay the monthly fee.
Having a home-ownership . ? The most advantageous is the unification is performed on a mortgage loan.

That debts do not exceed 75% of home value.
Freedom Finance is the leading debt consolidation in Spain, is negotiating with 30 banks and regulated by the Bank of Spain for more than 10,000 customers per month.

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