What credits can I consolidate?
Consolidating multiple debts can be a good option if the goal is to reduce monthly installments and facilitate budget management. Find out which ones you can consolidate.
What type of credits can be combined in a consolidated credit?
Debt consolidation allows you to combine several credits into one, paying a single monthly installment for all, simplifying your financial management. It also reduces the effort rate by increasing the payment term and accessing lower interest rates, decreasing the monthly amount paid for the whole debt.
However, what are the credits that can be consolidated? It is possible to consolidate several types of credit, such as:
- Personal loans - All types of personal loans, for vacations, large purchases, or health expenses, as they are loans of various purposes without guarantees.
- Mortgage Credit - Not always included in credit consolidation and only some banks allow it, but by including the property, it remains as the loan guarantee. By consolidating a mortgage credit with others, you access a lower interest rate than with other credits, as the bank has more security with the mortgage.
- Automobile credit - It is also possible to consolidate automobile credit, which also reduces the monthly cost associated with car payments.
- Credit cards - Credit card debts, usually with high interest rates, are the most common type of consolidated credit;
- Lines of credit and bank overdrafts - These two types of debts can also be consolidated;
- Revolving Credits - Credits associated with store cards or flexible credits with variable refunds can also be integrated into a consolidated credit.
Let's consolidate your credits? The intermediaries of Poupança no Minuto take care of the entire process for you, at no cost, so that you can reduce what you pay monthly for your expenses! Simulate your consolidated credit now: