Those seeking loans for themselves can often come across offers of so-called debt loans. However, not all of us are aware of exactly what this type of product is. What is a debt relief loan? How can you get it? Is it worth taking?
The very name “debt relief loan” may seem a bit strange. In the end, by taking out a loan is not debt relief, but on the contrary – debt. The first trap is already here, because people who are interested in such loans, most often already have considerable debt on their shoulders, which can be increased by them. What is it actually about?
What is a debt loan?
Debt loans are offered by non-bank institutions. These are loans that are basically similar to another banking product, namely consolidation loans and loans.
Therefore, thanks to a debt loan, we can receive money to repay our current debts. In return, we get another loan, which, of course, we have to pay back. Often, such a debt relief loan will cost us more than the sum of the current debt. On the other hand, we are moving away the threat of not paying back current debts, for example, higher interest rates, debt recovery, bailiffs.
Loans of this type can be used to pay off various liabilities, including bailiffs and debt collection. They are granted without checking information in BIK and in other registers. They are also discreet and fast. These loans are also available against real estate.
Where can I get debt relief loans?
When we enter the words “debt relief loan” into the internet browser, we can find many offers immediately. Loans of this type are granted by non-bank companies operating throughout Poland.
The offers of companies differ in terms of the amount and terms on which we can get a loan. If you want to take advantage of such an offer, it is worth getting acquainted with various proposals. However, let us keep in mind that a debt loan can cost us quite a lot.
Debt relief loans step by step:
• gathering information about the client – the first stage consists in obtaining information about the client who wants to get a loan, among others about his creditors, the amount of debt, the repayment date
• analysis of the client’s situation – the financial advisor carefully checks the client’s situation and selects the appropriate parameters of the debt loan
• launching a debt loan – when the customer agrees to obtain a loan, he signs the contract and the loan is activated
• repayment of the loan – repayment follows the schedule included in the contract
To sum up, debt relief loans are an interesting proposition, but nevertheless quite expensive, taking into account interest rates, commissions, and preparation fees. A loan of this kind means that we only take off temporarily and we will usually have to pay a higher sum than the amount of debt. However, this is a helpful offer when we want to reduce the risk of debt collection and debt collection.