What credits can I consolidate?
Consolidating various 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 into a consolidated credit?
Consolidated credit allows you to combine several credits into one, paying a single monthly installment for all and simplifying your financial management. Additionally, it reduces the effort rate by extending the payment term and accessing lower interest rates, decreasing the monthly amount you pay for everything.
However, what credits can be consolidated then? It is possible to consolidate various types of credit, such as:
- Personal loans - All types of personal loans, such as for vacations, large purchases, or health expenses, as they are loans for various purposes without guarantees;
- Mortgage Credit - Not always included in credit consolidation and only a few banks allow it, but by including the property it remains the loan guarantee. By consolidating a mortgage credit with others, you have access to a lower interest rate than with other credits, as the bank has more security with the mortgage;
- Car loan - It is also possible to consolidate the car loan, which also reduces the monthly cost associated with the car payment.
- Credit cards - Credit card debts, usually with high interest rates, are the most consolidated type of 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 repayment 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 you can reduce what you pay monthly for your expenses! Simulate your consolidated credit now: