Mortgage Consolidation During and After Fixation

Mortgage Consolidation During and After Fixation

Consolidation a loan or mortgage is very popular in recent years. Not only will you ensure more optimal monthly payments, but you will also make your credit cheaper overall. But is this step possible if you have a mortgage fixed for some time? Can’t the fusing period be shortened? And can I refinance a mortgage during fixation? Let’s answer these questions right here.

Consolidation during fixation

It is clear that you will not be able to solve consolidation at all before the fixation period. This is the time when you are just negotiating a mortgage and there is no need to refinance anything.

But at this time, you should be as careful as possible. Anything you sign at this time will not change for the next three, five or ten years. In general, the shorter the fixation time , the lower the interest you have. Therefore, a three-year or a maximum of five-year fixation period pays off.

In addition, you will not be able to manipulate the amount of repayments and the overall advantage of the mortgage during the fixation period. So remember that too. You can be financially good today, but how do you need it in 7 years? Therefore, a shorter fixation time is more reasonable.

Consolidation after fixation period

Consolidation after fixation period

After the fixation period, say after three or five years, you can change the installments as you like. And the amount of installments you can significantly affect the overall advantage of the mortgage.

The higher the monthly payments you choose, the smaller you will eventually overpay . However, consult your financial advisor thoroughly and carefully. Indeed, it has happened that people have plunged into consolidation on their heads and eventually got into a difficult financial situation.

Of course, we will be happy to help you refinance your loan or mortgage. We have been operating in this area for several years and we are constantly improving the level and quality of our services. And the executor behind the door won’t stop us either. We are able to repay and merge your disadvantageous mortgage to solve execution problems.

Demand for consumer credit: how to proceed?

You need a loan to carry out your projects? To apply for a consumer credit with a lending institution, it is important to clearly define your project and follow specific steps. Explanations.

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  1. Consumer credit application: who to contact?
  2. Define your project before applying for a credit
  3. The stages of a consumer credit application
  4. Conso loan application: documents to provide
  5. Compare offers before applying for credit

Consumer credit application: who to contact?

You want to buy a car, a home appliance, to go on a trip … For Barnaby Rudger your project, you may need to subscribe a consumer credit. Where do you go to get a loan? Consumer credits are distributed by different types of institutions:

  • The banks ;
  • Specialized organizations, known as credit agencies;
  • The certain companies of the trade and the distribution, only for the allocated credits and certain revolving credits.

You can apply to the lender of your choice and do not have to turn to the bank in which you have a current account. It is also possible to call a broker for a commission on the borrowed money.

Who can apply for credit?

You can apply for credit if:

  • You are major;
  • You receive stable income
  • You live in France;
  • You are not registered in the Banque de France’s national payment incident file (FCIP).

Each bank is then free to apply criteria to decide whether to grant consumer credit.

Define your project before applying for a credit

Before applying for credit, it is important to have your project ready. A thoughtful and thoughtful request will be more likely to receive a favorable response from a bank or credit institution.

So, define your project well before your request: what type of consumer credit do you want to subscribe (personal loan, credit allocated, credit without proof, revolving credit, revolving credit …)? How much do you need? What is your borrowing capacity? How much are you able to repay each month and over what period?

To prepare your loan application, the ideal is to use a consumer credit simulator! The credit simulation will help you to determine the conditions of realization of your project.

The stages of a consumer credit application


Once you have defined your project, you can apply for consumer credit. This request is framed: to proceed, it is important to respect steps. Here they are :

Choice of credit

Find out about existing offers available for your profile and needs. To do this, you can use a conso online credit comparator like Barnaby This free and non-binding tool lists the best quotes for you. If you are interested in an offer, all you have to do is apply for credit.

Application file

Application file

An offer of consumer credit caught your attention. You must send the bank or credit institution concerned an application file to express your interest. The file contains supporting documents that detail your situation and must prove your solvency.

Study of the loan application file

Once your credit request has been sent, it is up to the lending institution to evaluate it. The latter will study your personal and professional situation, your borrowing capacity, your repayment capacity, your debt ratio, check if you do not appear in the national file of payment incidents and decide whether or not your application is admissible. .

Loan offer

If the bank or credit institution accepts your credit application, it sends you an offer of loan, which specifies inter alia the amount and duration of the loan, the credit rate (APR, or annual percentage rate of charge), the amount and periodicity of the monthly payments, the total cost of the loan …

Conso loan application: documents to provide

loan application

Your application for consumer credit must be accompanied by a set of supporting documents:

  • A photocopy of your identity document (ID card, passport);
  • A bank account statement (RIB);
  • A photocopy of your last 3 payslips or a photocopy of the last tax notice if you are not an employee;
  • A proof of residence of less than 3 months (bill of electricity, gas, water, internet …).
  • Possibly of documents which attest of the nature of your project for the credits allocated of the type auto loan, loan works …

If you do not provide these documents, your application will be deemed non-responsive and will not be considered.

Compare offers before applying for credit


To take advantage of the best opportunity, the ideal is to apply for credit after comparing quotes online! A consumer loan comparator like Barnaby gives you quick and free access to the best offers according to your profile and needs.

In just a few minutes, fill out simple information about your situation and your project and choose the one that gives you the best interest rate. You just have to contact the establishment of your choice to apply for consumer credit and get a cheap credit!

How to clarify your money needs – Guide to the consolidated loan amount


Finding the right money needs can be difficult. Because it may well be that the new bike costs DKK 10,000 or that the construction offer for the renovation in the home is estimated at DKK 30,000. But what if you are going on holiday and do not know the exact price? Otherwise, if you have 5,000 in the account, should that amount be set off?

There are a lot of questions and considerations one should make to find the right consolidated loan amount. In this article we will guide you on the road and make our best advice. It is especially important that you know the answer to these two questions.

Should the amount of the account be included?

The first question many ask is whether the existing amount in the account should be included. It can be really hard to know, because one cannot even clear the account, as ongoing and fixed costs must still be covered.

The boring, but only real answer is that you must have made a budget if you don’t already have it. It does not have to be harder than that, but it will give you an insight into your fixed and current expenses. You need to know how much money you need for spending before you know how much of the money in the account is actually available.

Example : If there are 13,000 kroner in the account and you at 11,000 per month including everything, it will be risky to take out this money. Conversely, if you have air in the economy, with eg. DKK 25,000 in the account. Here you can by yourself be cautious, easily offset 10,000 in your money requirement, without pushing your economy unnecessarily.

All in all, there is no general answer, but get a budget so that you can more easily assess how much of the money you can deposit in consolidated loan amounts.

Do you know the exact price?

The next question is whether you know the exact price of what you want to fund. If it’s a journey, you can only know it roughly. If it is a fixed object, such as a new bike, computer etc. then it is somewhat easier to handle.

 The exact price will also help you clarify your money needs and how much a consolidated loan you need to apply for. In case you do not know the price, you should start by getting it clear. If you want to buy a physical object, you must, for example, have selected the model you want. A computer can cost anywhere from 5,000 to 15,000 kroner. Similarly with a used car, flat screen TV and whatever else you might want.

Then find out the exact price as the next, as it will set the framework for your money needs. Once you know this, you can assess whether your current account amount should be offset or whether the consolidated loan will finance the entire purchase.

But keep in mind that you should never borrow more than out needs, as it will only incur higher costs. Here it makes a noticeable difference whether you are seeking a consolidated loan of 10000 or a consolidated loan of 20000 kroner.

Consolidated loan declined? See what you can do


What is a payday loan?

A financial payday loan consists of a contract between the bank and the customer in which the institution grants a certain amount of money to the consumer to purchase goods or services.

In this way, the client undertakes to pay the payday loan back within a certain time and at interest rates defined by the bank.

However, in granting a consolidated payday loan, the bank is running a risk that translates into the likelihood of not recovering the money it lent. Thus, the higher the risk of the operation, the higher the interest rates applied, which will make the final cost of the consolidated loan higher.

At the limit, if the financial institution’s experts consider that the risk of the transaction is too high, your loan application may be refused.

If you have been refused loan, we advise you to investigate and understand why the financial institution has made such a decision.

Once you’ve uncovered the reason (or reasons) for your declined loan application, it’s time to get down to work and improve your reputation with the bank to get approved for funding.

What to do after a declined loan application?

1. Review your bank records and confirm if there are any errors

Banks investigate your financial history to see if you are usually compliant with your payments. A declined loan request can be derived from past defaults that are recorded in your bank history. To check your records you can access the loan Responsibility Center (CRC).

This information system is available online, to any citizen, on the website of the Bank of Portugal and allows you to have access to your banking history. It contains positive information (regular) and negative (default, if any) in relation to its loan operations.

This information may also be requested in person at the Banco de Portugal service counters.

It is not your responsibility to make changes if you find an error, but you should immediately contact the loan institution because it is the one that has the power to rectify or change your registration.

2. Look for solutions to avoid over-indebtedness

If you are in a situation where you feel that you are putting pressure on your effort rate and are having difficulty paying your benefits at the end of the month, or if you are already in arrears , it is best to seek help. We advise, first of all, to speak with your bank and explain the situation.

The bank can offer you several ways to avoid debt, in particular through the PERSI (Extrajudicial Procedure for Regularization of Situations of Default). This process is based on an agreement between the bank and the client where proposals for regularizing loan are submitted.

One of the hypotheses normally presented is the renegotiation of loan where the possibility of reducing the benefit is offered by extending the term of payment. However, interest rates will be higher, so the final cost of loan will increase. Another solution, if I have more than one payday loan at a time, goes through the consolidation of loans .

This strategy allows you to put all your debts together in a single installment, substantially reducing the monthly amount to be paid, and can also contribute to the reduction of interest rates.

Put the loans together into one

If you begin to feel that your effort rate is being over-pressured, you may consider requesting a transfer of your loan to another institution. This solution is suitable, as a rule, to mortgage payday loans in order to look for lower spread offers to facilitate the payment of installments.

In extreme cases of over-indebtedness you have the possibility of requesting personal insolvency . This is the last step if you can not settle your debts.

There are also support entities for indebted families and individuals such as APOIARE, the Over-Indebtedness Support Office (GAS) and the Bank of Portugal’s Indebted Customer Support Network (RACE).

3. Do not make other loan requests           

If your loan application was rejected by the first financial institution you resorted to, it is most likely that the financial experts who analyzed your application identified that it represented risks to the bank. It will not be worthwhile to continue trying other institutions until you see the causes of the first loan rejection resolved.

4. Look for ways to improve your reputation with the bank.

“Past is past” and you can always try to improve your less positive track record with the bank. For example, if you have improved your professional conditions and have been awarded an effective contract for others, giving you more financial stability, you can (and should) present the bank with a guarantee, as it is a way of proving that your effort rate will be reduced . Other collateral, such as your home mortgage or a guarantor’s submission, also represent capital gains to avoid a declined loan application.

5. Confirm your bank report again

After following the steps above that you find relevant to your loan refusal status, re-confirm your bank report within a potential period of up to three months to make sure that all information has been rectified and changed. If everything is in order, you can proceed to the new loan application.


Consolidated loans without checking databases




Is it really possible to get a consolidated loan without verification in debtors’ databases?

Are there companies where you can get consolidated loans without checking the bases? Well, at the beginning of the article, we have to upset people who are looking for consolidated loans without checking BIK, BIG and KRD . Only a private investor can get a consolidated loan without a base. No non-bank company can give a break to a person without first checking it in the debtors’ database . In this way, they protect themselves against people who regularly repay consolidated loans. Thanks to this, they can give their other clients quite good conditions. In the event that non-banking companies would cease to check clients in debtors’ databases, they would have gone bankrupt very quickly. First, because they would not have to assess the client’s credibility.

In the BIG, KRD or BIK database, they receive information on how the customer’s liabilities were previously paid. It happens that some of the companies also provide consolidated loans online to people with slight delays in payment. However, in the case of a negative decision from the majority of consolidated loan companies, it is probably not possible for you to obtain consolidated loans . Many people do not want to accept this possibility and try to find a company or a private investor who will be able to finance their current expenses. Usually, dishonest persons are waiting for such situations, which in return for a consolidated loan require a prepayment or other valuable item. Of course, after receiving the prepayment, they dissolve and leave the would-be borrower with an even greater financial problem. Unfortunately, it may be brutal, however, probably no one has found a private investor via the Internet.

So where to look for consolidated loans for people in debtors’ databases?

First of all, one should try to apply for a consolidated loan in several non-bank companies, because the presence of one of the debtors’ databases does not prevent the consolidated loan from being offered. Different companies have different requirements regarding customer databases, so it is possible to take a break even if there is a negative entry in BIG, BIG and KRD . However, if we have received a negative answer, then you should look for a consolidated loan without checking the debtors’ databases. It may be helpful to support the family or a private investor who wants to lend us interest.

without bases

However, private consolidated loans are usually very difficult to access without having good knowledge. Private investors rarely lend to people with whom they had no previous contact, because they simply have doubts about their credibility and the person. And you, would you give a consolidated loan without checking the bases without knowing this person before? Probably not, because the chances that it might be a cheater who is looking for a naive investor, as well as the honest person whose leg should have been, are more or less similar. That is why investors who can not check the client in the debtors’ database are based on trust and knowledge of a given person. Thus, getting a consolidated loan online , from a private person is virtually impossible. More precisely, we described this in the article with a debt collector .

As we have described above, consolidated loans from private individuals are reserved only for people who know the right people. Nobody will lend a large amount to a person known on the internet. consolidated loans for a promissory note, or a civil law contract, is no security here if the debtor is not recoverable. It’s worth to submit an application on a website like ours. We offer consolidated loan applications for debtors , for consolidation of liabilities, and for current expenses. Thanks to this, no one is cut off from financing and can apply for additional cash.

How to deal with it if we can not get financing?

It is often the case that even if we are looking for a long time, it is not possible to find a private investor or a company that would like us to borrow without checking the debtors’ databases. How to deal with this situation? Well, it all comes down to what we need the money we want to borrow. If it is for a whim without which you can do, for example a new car, holidays abroad, or renovation of an apartment, nothing will happen if you do not get a consolidated loan. Instead of paying back the installments every month, you can put the saved amount into a piggy bank and allow yourself to refurbish, or a new car at a later time.

In addition, it will come out much cheaper, because you will not pay the costs associated with servicing the consolidated loan or payday consolidated loans. However, if the situation is more serious, such as repairing a car, and you are a taxi driver and this is your only source of income, then additional cash will be essential. In this situation, if you have received a negative decision in many companies, it is worth considering other sources of financing . For example, selling things without which you can get around, for example a TV you hardly ever see, or a bike you do not drive. It is also worth taking into account borrowing the appropriate amount for pledge, for example in a pawnshop.

In the case of a consolidated loan without checking the databases, does the customer incur higher costs?

Does the client incur higher consolidated loan costs if applying for a consolidated loan without debtors’ databases? With this you must be reckoned with. With higher consolidated loan costs, the lender compensates for the greater risk. Since borrowing a person who is in debt in BIK, BIG and KRD databases, the chances of returning the consolidated loan are much smaller than in the case of a client who does not have such entries. Due to the fact that probably some people will not give him back the cash, the higher earnings from the repaid consolidated loans will cover the costs. Thanks to this, the business can go on and the lender will make money. In the case of consolidated loans from private persons, costs often reach up to 50% per month . In the case of consolidated loans granted in installments, it depends on the number of installments and the amount borrowed. As a rule, however, private individuals rarely lend to indebted persons in installments. The risk of not lending a consolidated loan is compounded by the larger amount that is being borrowed, and the profits are usually not that high to reward the risk.