The debt consolidation can be a lifeline for those who have entered into more loans and cannot meet them, combined them into one loan.
The debt consolidation has certainly many advantages: not only allows for one creditor on the other hand, but also allows you to enjoy the lighter rate, more time to repay the loan, the interest rate more favorable, the possibility of paying off debt early, and to obtain additional liquidity in order to dispose freely.
There are two different types of debt financing: the consolidation loan and loan consolidation. The consolidation loan requires no collateral and is granted if the amount does not exceed a certain threshold set by the bank. If the amount claimed is particularly large, then you can opt for loan consolidation, which implies, by the applicant, the lighting of a mortgage on property owned, serving as collateral for the credit institution. Before granting the loan these things will be considered carefully, whether it is an employee, the situation of the applicant, the level of income, solvency, the mountain of loans made and the overall soundness of the company where he works, conversely, the financial situation in the case of independent practitioners.
Generally, since the practice, until delivery of the balance, they spend between twenty and thirty days. Clearly, those who have more of a protest has had more than one late payment on their mortgage, or had more than three late payments in the last funding could not be admitted to this form of financing.