Managing many debts generated by loans and credit cards from different banks can be overwhelming. Therefore, you can evaluate applying debt consolidation, taking advantage of the fact that these currently offer low-interest rates. Debt consolidation is a procedure that allows you to group all your bank debts into one. You can consolidate various payment commitments,…
Money problems today are nothing new or extraordinary. Many people struggle with financial problems for many reasons. According to the Association of Polish Banks (, in 2016 over 40% of Polish citizens had a loan. Often, the decision to take a loan is not thought out, and in addition a large part of the population…
Difficult financial situation led to debt, which is difficult to regulate? Unplanned expenses have become a problem as the limit on the credit card has been exceeded? One unreasonable decision results in a financial liability that is currently difficult to pay off? What to do in a situation when debts became unpayable and the debt…
Securing debt repayment is a protection for the creditor against our insolvency. There are distinguished loan security: personal and material. The type of collateral we choose depends on the type of loan and its amount. With a private loan, a promissory note will work, while with a secured loan – forfeit as security. Loan security…
Debt consolidation is a financial strategy that combines multiple debts into one debt, repaid by a consolidation loan or other methods. Debt consolidation is particularly effective in the case of debt with a high interest rate, such as credit cards. This should reduce monthly payments, lowering interest rates on loans, which makes it easier to…
Loans to pay off debts Making loans to pay off debts or to acquire some good is becoming more and more common among the “Pensioners and Pensioners of INSS”, the payroll deductible credit for offering much cheaper interest than other types of credit, have been breaking records of grant year after year. But it is…
Loop loop A consolidation loan is a rescue for people who are unable to repay loan installments on time. We take one loan and repaying the installments is not a problem for us. We hardly notice that we have any additional commitment. Everything is fine. One installment of the loan does not cause us any…