The two types of retract strangulation credit.On December 17, 2019 by Debra Nowlin
We know two different types of strangulation loans. A repayment-free credit where you only pay interest and no repayment and a revolving credit where you pay 1% of the credit limit per month in interest and repayment. With a revolving credit you have to deal with variable interest rates. If the interest continues to rise, the revolving credit automatically becomes a strangulation credit. Repayment is then no longer there, leaving the debt open. And the credit must be phased out before you reach the maximum final age. Withdrawing extra money is ten no longer possible.
By having a strangulation loan transferred to a personal loan, your strangulation loan becomes a fixed-interest loan. You know exactly what you have to pay monthly and when you have paid off the total loan. And thanks to the low current interest rates, the interest that you have to pay on a personal loan is probably a lot lower than the spring that still applies to your ‘old’ revolving credit.
A credit advisor is happy to help you get out of a hopeless situation by taking a sensible step: transferring a strangulation credit. In a personal conversation we take the time to look closely at your situation. What preceded this, what can you currently miss and what does the future look like for you? We calculate how much you can save each month with rescheduling and within how long you can be released from your loan. Especially now that the interest rate is so low, transferring a strangle loan to a personal loan is more interesting than ever before.
Make an appointment directly with Good Finance at a branch in your area. Our reliable advisors guide you through the entire process. From the orientation phase to checking the quotation, you have nothing to worry about.